Nevada
Top Interior Department official has ties to Thacker Pass lithium mine – High Country News
This story was co-published with Public Domain.
Karen Budd-Falen, a top official at the Department of Interior, has financial ties to the controversial Thacker Pass lithium mine in northern Nevada — a project that the Trump administration worked to fast-track during its first term. In recent months, the administration took an equity stake in the mine and the mine’s parent company.
After an unexplained delay, Public Domain and High Country News obtained Budd-Falen’s financial disclosure earlier this month, which details her family’s extensive land holdings. Among them is Home Ranch LLC, a Nevada ranching operation valued at over $1 million. Nevada’s business search database shows a Home Ranch LLC that listed Frank Falen as the manager in February 2022. Frank Falen is also the name of Karen Budd Falen’s husband.
In November 2018, not long after Karen Budd-Falen joined the first Trump administration as a top legal official at the Interior Department, Home Ranch LLC agreed to sell water rights to Lithium Nevada Corporation, the company developing the Thacker Pass mine, for an undisclosed amount of money, according to a Securities and Exchange Commission filing. Frank Falen is listed on the document.
A Home Ranch also appears in planning documents that Lithium Nevada submitted to federal regulators during Trump’s first term. A monitoring plan for Thacker Pass, dated July 2021, notes that the company intended to use existing stock water wells owned by Home Ranch LLC to “monitor potential drawdown impacts” from its mining operations.
The water purchase agreement and other records raise questions about potential conflicts of interest. Budd-Falen was appointed in March as associate deputy secretary to Interior Secretary Doug Burgum — a position that does not require Senate confirmation. She also served as a high-ranking legal official at the Interior Department during President Trump’s first term.
It was during that earlier government stint that her official calendar lists a November 6, 2019 meeting in which Budd-Falen was scheduled to have “lunch with Lithium Nevada.”
In 2019, Lithium Nevada, a subsidiary of the Canadian mining firm Lithium Americas, was seeking speedy approval for its Thacker Pass mine in northern Nevada. In the waning days of the first Trump administration it received just that. In January 2021, the Bureau of Land Management approved the mine project, which includes some 5,700 acres of public land.
The $2.2 billion, open-pit mine project has drawn fierce opposition from area tribes and environmentalists, who argue it threatens water resources, endangered species and sacred cultural sites. Thacker Pass, known as Peehee Mu’huh to the Paiute Shoshone people, was the site of an 1865 massacre of at least 31 Paiute people.
Budd-Falen was being considered to lead the BLM during Trump’s first term, but turned down the director job when she learned that she and her husband would have to sell their interests in their family ranches to avoid conflicts of interest, she told The Fence Post in 2018.
Since returning to power, Trump and his team have again worked to move the project forward, as part of a broader push to boost critical mineral mining in the U.S. In September, the Trump administration struck a deal with Lithium Americas to take a 5% equity stake in both the Thacker Pass mine and the company, in exchange for the release of loan money from the Department of Energy.
Budd-Falen has largely worked behind the scenes at the Interior Department. Little is known about what issues she has focused on since returning to the sprawling agency. Notably, Interior officials have yet to release her ethics agreement, which would detail any companies or projects that are off limits.
“Did she have any oversight of the environmental review process regarding Thacker Pass? It is a big question,” said Kyle Roerink, executive director of the Great Basin Water Network, a water conservation group in Nevada. “If she didn’t recuse herself, it would fly in the face of the impartial decisionmaking that Americans expect from government officials.”
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Home prices in Southern Nevada dropped from record highs to end 2025 and less homes sold last year compared with 2024.
Approximately 28,498 existing homes sold in the region last year, which is down almost 9 percent from the 31,305 homes that sold in 2024, according to trade association Las Vegas Realtors, which pulls its data from the Multiple Listing Service. This is the lowest number of homes sold in a year in Southern Nevada since 2007 right before the Great Recession.
The median sale price for a house sold in Southern Nevada in December was approximately $470,000, a 3.9 percent drop from November, according to LVR. By the end of December, LVR reported 6,396 single-family homes listed for sale without any sort of offer. That’s up 28.8 percent from one year earlier.
Despite a down year in sales, the local market did end on a high note.
George Kypreos, president of Las Vegas Realtors, said he is optimistic the housing market could turn around this year. The LVR report noted that home sales in Southern Nevada have seen “peaks and valleys” in recent years, generally declining since 2021 when a record 50,010 properties sold.
“Although it was a relatively slow year for home sales, we’re seeing some encouraging signs heading into the new year,” said Kypreos in a statement. “Buyer activity locally and nationally is starting to improve. Home prices have been fairly stable, and mortgage interest rates ended the year lower than they were the previous year. Most trends are pointing to a more balanced housing market in 2026.”
Freddie Mac currently has the average price for a 30-year fixed-term mortgage rate at 6.1 percent. That mortgage rate has not gone below 6 percent since 2022.
The all-time high median home sale price in Southern Nevada was broken multiple times last year, and currently sits at $488,995 which was last set in November while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000) to $275,000 to end 2025.
Major residential real estate brokerages are mixed as to where the market will head this year as Zillow, Redfin and Realtor.com have all put out their 2026 projections, and they expect a similar market to 2025. Mortgage rates aren’t expected to drop enough next year to unlock the country’s housing market, new builds will continue to lag, and prices will remain relatively elevated.
Realtor.com said in its report that it predicts a “steadier” housing market next year and a slight shift to a more balanced market. Redfin’s report says 2026 will be the year of the “great housing reset,” which means the start of a yearslong period of “gradual increases in home sales and normalization of prices as affordability gradually improves.”
Finally, Zillow said the housing market should “warm up” in 2026 with “buyers seeing a bit more breathing room and sellers benefiting from price stability and more consistent demand.”
Contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com.
TRUCKEE, Calif. — An avalanche in California’s Sierra Nevada on Monday buried a snowmobiler in snow and killed him, authorities said.
Rescuers responded after a 911 call around 2:20 p.m. reported a possible avalanche near Johnson Peak and Castle Peak in Truckee.
The snowmobiler was initially reported missing but then was found under the snow several minutes later, the Nevada County Sheriff’s Office said in a statement.
Fellow recreationists found him but he didn’t survive despite lifesaving efforts, according to the statement.
Emergency personnel were working to safely extract the victim late Monday and to confirm no others were buried.
The sheriff’s office said more avalanches could occur and recommended that people avoid the area.
Each winter, 25 to 30 people die in avalanches in the U.S., according to the National Avalanche Center. The center’s current map shows high risk spots in Utah and Washington and areas of considerable risk in California, Colorado, Idaho and Wyoming.
Nevada Preps Winter Sports Rankings
Records through Sunday
Boys basketball
Class 5A
1. Liberty (10-5)
2. Democracy Prep (9-6)
3. Coronado (5-6)
4. Bishop Gorman (9-7)
5. Desert Pines (11-4)
Class 4A
1. Clark (8-5)
2. Las Vegas High (10-4)
3. Losee (7-5)
4. Faith Lutheran (11-5)
5. Shadow Ridge (11-4)
Class 3A
1. Virgin Valley (9-2)
2. The Meadows (9-5)
3. Boulder City (9-5)
4. GV Christian (8-6)
5. Pahrump Valley (5-7)
Games to watch
All games at 6:30 p.m. unless otherwise noted
Tuesday
Losee at Las Vegas
Faith Lutheran at Liberty
Wednesday
Bishop Gorman at Desert Pines
Virgin Valley at The Meadows
Thursday
Coronado at Mojave
Clark at Durango
Friday
Desert Pines at Las Vegas
Virgin Valley at Boulder City
Saturday
Big City Showdown at Coronado
Liberty vs. Desert Pines, 4:30 p.m.
Bishop Gorman vs. Coronado, 8 p.m.
Girls basketball
Class 5A
1. Bishop Gorman (11-1)
2. Democracy Prep (7-4)
3. Centennial (6-3)
4. Liberty (10-7)
5. Shadow Ridge (3-4)
Class 4A
1. Mojave (9-4)
2. Mater East (10-4)
3. Losee (14-5)
4. Del Sol (13-3)
5. Cimarron-Memorial (9-2)
Class 3A
1. Virgin Valley (6-5)
2. Boulder City (8-6)
3. Moapa Valley (8-4)
4. Coral Academy (7-4)
5. Pahrump Valley (4-7)
Games to watch
All games at 6:30 p.m. unless otherwise noted
Wednesday
Faith Lutheran at Shadow Ridge
Centennial at Liberty
Mojave at Desert Oasis
Thursday
Sierra Vista at Cimarron-Memorial, 5 p.m.
Friday
Mater East at Desert Oasis
Virgin Valley at Boulder City
Saturday
Big City Showdown at Coronado
Bishop Gorman vs. Centennial, 6:15 p.m.
Flag football
Class 5A
1. Desert Oasis (8-0)
2. Shadow Ridge (10-1)
3. Arbor View (10-1)
4. Palo Verde (10-3)
5. Liberty (6-2)
Class 4A
1. Virgin Valley (5-3)
2. Sierra Vista (5-2)
3. Mater East (6-3)
4. Clark (7-4)
5. Spring Valley (5-2)
Games to watch
All games at 5:30 p.m.
Wednesday
Palo Verde at Desert Oasis
Coronado at Bishop Gorman
SECTA at Arbor View
Friday
Shadow Ridge at Palo Verde
Canyon Springs at Arbor View
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