Here's Why Lithium Americas Stock Crashed Today

Here's Why Lithium Americas Stock Crashed Today

After soaring more than 30% on Tuesday, shares of lithium mining company Lithium Americas (NYSE: LAC) were down 18% as of noon EST Wednesday. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project in Nevada. Lithium Americas has priced the stock offering at $22 per share, representing an approximate 18% drop from Tuesday's closing price.