Lithium Americas Corp. shares fall 1.17% after-hours as KoBold Metals secures Congo lithium exploration permits.

Lithium Americas Corp. declined 1.17% in after-hours trading. The drop in stock price may be attributed to the news that KoBold Metals, backed by U.S. billionaires Jeff Bezos and Bill Gates, has received seven permits to search for lithium and other minerals in the Democratic Republic of Congo. This news could potentially increase competition in the lithium mining sector, which may have negatively impacted Lithium Americas Corp.'s stock price.