Earnings summaries and quarterly performance for LITHIUM AMERICAS.
Executive leadership at LITHIUM AMERICAS.
Jonathan Evans
Detailed
President and Chief Executive Officer
CEO
Alexi Zawadzki
Detailed
Vice President, Resource Development
April Hashimoto
Detailed
Senior Vice President, Finance and Administration
Aubree Barnum
Detailed
Vice President, Human Resources
Edward Grandy
Detailed
Senior Vice President, General Counsel and Corporate Secretary
Kelvin Dushnisky
Detailed
Executive Chair
Luke Colton
Detailed
Executive Vice President and Chief Financial Officer
Richard Gerspacher
Detailed
Executive Vice President, Capital Projects
Tim Crowley
Detailed
Vice President, Government and External Relations
Board of directors at LITHIUM AMERICAS.
Research analysts covering LITHIUM AMERICAS.
Recent press releases and 8-K filings for LAC.
Lithium Americas Corp. establishes At-The-Market equity program
LAC
Equity Offering
New Projects/Investments
- On November 13, 2025, Lithium Americas Corp. entered into an Equity Distribution Agreement with TD Securities (USA) LLC to establish an At-The-Market (ATM) Program.
- Under this program, the company may offer and sell common shares with an aggregate offering price of up to US$250,000,000.
- The company will pay the Agent a commission of up to 3.0% of the gross proceeds from each sale of common shares.
- The net proceeds from any offerings are intended for general corporate purposes, which may include funding corporate and project overhead expenses, financing of capital expenditures, repayment of indebtedness, and additions to working capital.
Nov 13, 2025, 10:06 PM
Lithium Americas Reports Q3 2025 Results and Project Advancements
LAC
Earnings
New Projects/Investments
Debt Issuance
- Lithium Americas reported a net loss of $223.9 million and basic loss per share of $0.98 for the nine months ended September 30, 2025, with $385.6 million in cash and restricted cash as of that date.
- The Thacker Pass project is progressing, with over 80% of detailed engineering complete as of September 30, 2025, and mechanical completion of the Phase 1 processing plant is targeted for late 2027.
- During Q3 2025, $145.9 million in construction capital costs were capitalized, bringing the total capitalized costs to $720.0 million as of September 30, 2025.
- Subsequent to Q3 2025, the company received its first drawdown of $435 million from the $2.23 billion DOE Loan and completed two at-the-market equity programs, raising $57.5 million (Q3 2025) and $246.4 million (October 2025) in net proceeds.
- Additionally, $97.5 million of convertible notes were converted into 25.79 million common shares in October 2025.
Nov 13, 2025, 11:55 AM
Lithium Americas Corp. announces Q3 2025 results and Thacker Pass project update
LAC
Earnings
New Projects/Investments
Debt Issuance
- Lithium Americas Corp. announced its Q3 2025 results and reported significant progress on its Thacker Pass lithium project, with over 80% of detailed engineering complete as of September 30, 2025, and mechanical completion of Phase 1 targeted for late 2027.
- The company capitalized $145.9 million in construction costs during Q3 2025, contributing to a total of $720.0 million capitalized as of September 30, 2025.
- As of September 30, 2025, Lithium Americas held $385.6 million in cash and restricted cash.
- Subsequent to Q3 2025, the company secured substantial funding, including a $435 million first drawdown on the $2.23 billion DOE Loan and $246.4 million net proceeds from the October 2025 ATM Program. Additionally, $97.5 million in convertible notes were converted into 25.79 million common shares in October 2025.
- The net loss for the nine months ended September 30, 2025, increased to $223.9 million from $21.4 million in the comparable prior-year period, primarily due to a non-cash loss on the change in fair value of an embedded derivative.
Nov 13, 2025, 11:30 AM
Lithium Americas Secures Initial DOE Loan Drawdown for Thacker Pass Project
LAC
New Projects/Investments
Debt Issuance
- The lithium market is projected to grow from an estimated $5.17 billion in 2024 to $12.18 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.1% during 2025-2035, driven by increasing demand from electric vehicles and renewable energy storage solutions.
- Lithium Americas Corp. (NYSE: LAC) has received its first drawdown of $435 million from a $2.23 billion guaranteed loan from the U.S. Department of Energy (DOE) Loan Programs Office to finance the construction of processing facilities at its Thacker Pass Project in Nevada.
- The Thacker Pass Project, currently under construction by Lithium Americas, is situated in the McDermitt Caldera, which is recognized as one of the largest emerging lithium districts in the U.S..
- Jonathan Evans, President and CEO of Lithium Americas, stated that the Thacker Pass Project is progressing rapidly and is crucial for building a U.S.-domestic lithium supply chain.
Oct 30, 2025, 12:45 PM
Lithium Americas Receives First Drawdown from DOE Loan for Thacker Pass
LAC
New Projects/Investments
Debt Issuance
- Lithium Americas Corp. received its first drawdown of $435 million from a $2.23 billion guaranteed loan from the U.S. Department of Energy (DOE).
- This loan is designated to finance the construction of processing facilities at the Thacker Pass project in Humboldt County, Nevada.
- The total DOE Loan includes $1.97 billion in principal and $256 million in estimated capitalized interest during construction, with scheduled repayments expected to commence in January 2029.
- The Thacker Pass project, which holds the world's largest known measured lithium resource, is focused on advancing Phase 1 toward production, targeting a nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate.
Oct 20, 2025, 10:08 PM
ExGen Resources Inc. Signs Binding LOI to Acquire Nevada Lithium Properties
LAC
New Projects/Investments
M&A
- ExGen Resources Inc. signed a binding letter of intent on October 8, 2025, to acquire three lithium properties and other assets in Nevada, including the Spark South, Libra, and Augusta lithium projects.
- The acquisition will expand ExGen's Nevada lithium interests, with the Spark South Lithium Project located adjacent to Surge Battery Metals Inc.'s Nevada North Lithium Project.
- As part of the transaction, ExGen will issue 21,000,000 ExGen Shares to a vendor and provide a cash payment of CAD $125,000 to the vendors.
- ExGen's CEO, Jason Riley, stated that the Lithium district in Elko County, Nevada, represents one of the highest-grade lithium opportunities in North America.
Oct 17, 2025, 7:55 PM
Lithium Americas Corp. enters into 'at-the-market' equity offering program
LAC
New Projects/Investments
- On October 8, 2025, Lithium Americas Corp. entered into an Equity Distribution Agreement with TD Securities (USA) LLC, establishing an "at the market" (ATM) program to offer and sell common shares with an aggregate offering price of up to US$250,000,000.
- Under the agreement, the company may sell common shares through the agent, who will receive a commission of up to 3.0% of the gross proceeds from each sale.
- The net proceeds from any offerings are intended for general corporate purposes, which may include funding a portion of the $120 million reserve account for a U.S. Department of Energy loan, financing capital expenditures, repaying indebtedness, and adding to working capital.
- The agreement will remain effective until the earlier of the issuance and sale of all common shares under the ATM Program or 12 months following the date of the agreement.
Oct 8, 2025, 9:20 PM
Lithium Americas Finalizes DOE Loan Amendments and Completes ATM Program
LAC
Debt Issuance
New Projects/Investments
- Lithium Americas Corp. (LAC) finalized amendments to its $2.23 billion loan from the U.S. Department of Energy (DOE) for the Thacker Pass project, with the DOE agreeing to defer $184 million of scheduled debt service obligations from the first five years of repayment to the remaining years of loan maturity.
- In consideration for this deferral, the DOE will receive a 5% equity stake in LAC through warrants to purchase common shares and a 5% economic stake in the joint venture through warrants to purchase non-voting equity interests, both at an exercise price of $0.01 per share/unit.
- LAC will contribute an additional $120 million to DOE Loan reserve accounts within 12 months of the amendments' effective date, with $60 million allocated to a new DSCR shortfall reserve account and $60 million to a new care & maintenance reserve account.
- The company completed its at-the-market (ATM) equity program as of October 1, 2025, selling 26,921,629 common shares for gross proceeds of $99,999,988.75.
Oct 8, 2025, 10:02 AM
Lithium Americas' Thacker Pass Project Secures U.S. Government Support Amidst Lithium Market Growth Projections
LAC
New Projects/Investments
- The global Lithium Mining Market is projected to grow from $3.02 Billion in 2024 to $17.54 Billion by 2035, driven by increasing demand for electric vehicles and renewable energy storage systems.
- The U.S. government has acquired an equity stake in Lithium Americas and provided the first tranche of a project construction loan for its Thacker Pass Project.
- Thacker Pass, located in northern Nevada and managed by Lithium Nevada LLC (a wholly owned subsidiary of Lithium Americas), is recognized as the world's largest known measured lithium resource.
- Lithium Nevada LLC has awarded CB&I a contract for the engineering, procurement, fabrication, and construction (EPFC) of 36 flat-bottom atmospheric tanks at Thacker Pass.
Oct 7, 2025, 12:45 PM
Lithium Americas Reaches Agreement for First Draw on DOE Loan
LAC
Debt Issuance
New Projects/Investments
- Lithium Americas Corp. (LAC) has reached a non-binding agreement in principle with the U.S. Department of Energy (DOE) and General Motors Holdings LLC (GM) to advance the first draw of $435 million on the previously announced DOE loan for the Thacker Pass lithium project.
- The total DOE Loan amount has been adjusted to $2.23 billion, with the principal remaining at $1.97 billion, and the first draw is expected in Q4 2025.
- In exchange for the first draw, the DOE will defer $182 million of debt service over five years and receive a 5% equity stake in Lithium Americas and a 5% economic stake in the Thacker Pass joint venture.
- Lithium Americas will post an additional $120 million to DOE Loan reserve accounts, and GM will amend its offtake agreement to allow for additional third-party offtake agreements.
Oct 1, 2025, 1:02 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more