Welcome to our dedicated page for Lithium Americas news (Ticker: LAC), a resource for investors and traders seeking the latest updates and insights on Lithium Americas stock.
Lithium Americas Corp. (NYSE: LAC) is a leading lithium producer advancing North America's largest lithium resource at Thacker Pass, Nevada. This page aggregates all official announcements, financial reports, and operational updates directly from the company.
Key resources for stakeholders: Track project milestones, partnership developments (including General Motors), and production timelines through verified press releases. Content categories include quarterly earnings, regulatory filings, technology innovations in clay-based lithium extraction, and supply chain agreements.
Why monitor this page: Investors gain timely insights into production capacity expansions and cost leadership positioning. Analysts access primary-source data on reserve estimates and ESG initiatives. All content is vetted for accuracy and updated as releases are published.
Bookmark this page or check regularly for unfiltered updates on LAC's role in powering the electric vehicle revolution through sustainable lithium production.
Lithium Americas (NYSE: LAC) received a $435 million first drawdown from a $2.23 billion guaranteed DOE ATVM loan to finance construction of processing facilities at Thacker Pass, Nevada. The DOE loan package comprises $1.97 billion principal plus $256 million estimated capitalized interest during construction. Drawn amounts carry the applicable long-dated U.S. Treasury rate with a 0% spread. The loan tenor is approximately 23 years from first draw and scheduled repayments of principal and interest are expected to begin in January 2029. The company may prepay under conditions, can draw as frequently as monthly subject to customary construction-loan conditions, and has no financial-model bringdown requirement for subsequent draws.
The company noted construction of processing facilities is underway and workforce housing is occupied in Winnemucca, highlighting progress toward a U.S. domestic lithium supply chain with the DOE as a partner.
Lithium Americas (NYSE: LAC) finalized agreed amendments to its $2.23 billion DOE loan that will become effective after customary conditions expected to be satisfied the following week. Key amendment points include a $184 million deferral of scheduled debt service from the first five repayment years to later years and a Company commitment to add $120 million to DOE loan reserve accounts within 12 months of effectiveness. In consideration, the DOE will receive warrants representing a 5% equity stake in the company and a 5% economic stake in the joint venture, subject to definitive documents. The company also completed an ATM program, issuing 26,921,629 shares for gross proceeds of $99,999,988.75.
Lithium Americas (NYSE:LAC) has reached a non-binding agreement with the U.S. Department of Energy (DOE) for the first draw of $435 million from a previously announced $2.23 billion DOE loan for the Thacker Pass lithium project. The agreement includes significant terms where the DOE will receive a 5% equity stake in both LAC and the joint venture through warrants, while deferring $182 million of debt service over the first five years.
The project's ownership structure will be adjusted to 59% Lithium Americas, 36% GM, and 5% DOE. GM's offtake agreement has been modified to allow third-party agreements for remaining production volumes. The DOE loan maintains its 24-year tenor with a projected interest rate of 5.0%, and the first draw is expected in Q4 2025.
Lithium Americas (NYSE:LAC) issued a statement addressing media reports regarding its $2.26 billion U.S. Department of Energy (DOE) loan for the Thacker Pass lithium project. The company is currently in discussions with both the DOE and its joint venture partner General Motors (GM) regarding the first draw conditions of the loan.
The negotiations involve certain conditions precedent to the loan draw, potential additional requirements from the DOE, and possible amendments to the loan documentation and associated transaction agreements. LAC stated it continues to work with both parties to reach a mutually agreeable resolution.
Lithium Americas (NYSE:LAC) reported its Q2 2025 financial results and provided updates on its Thacker Pass lithium project construction. The company recorded a net loss of $24.8 million for the six months ended June 30, 2025. Major construction at Thacker Pass is advancing with over 300 workers on site, expected to increase to 1,000 by year-end 2025.
Key financial positions include $509.1 million in cash and restricted cash as of June 30, 2025. The company secured significant funding through an Orion Investment of $220 million and contributions from the GM joint venture. Construction progress includes permanent concrete foundations, facility entrances, and road development, with first steel installation planned for September 2025. The project's Phase 1 completion remains targeted for late 2027.
NACCO Industries (NYSE: NC) reported mixed Q2 2025 results, with revenues increasing 30% to $68.2 million but net income declining to $3.3 million from $6.0 million in Q2 2024. The company faced short-term operational challenges across its segments, resulting in diluted EPS of $0.44 compared to $0.81 in the prior year.
Key segment performance included: Utility Coal Mining saw 91% revenue growth but lower operating profit due to operational inefficiencies; Contract Mining experienced revenue growth but decreased operating profit due to higher costs; and Minerals and Royalties showed strong performance with a 30% revenue increase driven by higher natural gas prices.
The company maintains strong liquidity of $139.9 million and plans to terminate its defined benefit pension plan in Q4 2025. Management expects substantial operating profit improvement in H2 2025, though full-year results will be lower than 2024.
Lithium Americas (NYSE:LAC) has released its 2024 ESG-S report, highlighting the company's environmental, social, governance, and safety performance during the initial construction phase of the Thacker Pass project. The report details the company's commitment to safety initiatives, governance strengthening, and community engagement.
A key highlight is that Phase 1 of Thacker Pass construction is expected to generate approximately 2,000 new jobs in northern Nevada, including 1,800 skilled labor contractor positions. The report aligns with multiple reporting standards including GRI Universal Standards (2021), GRI 14: Mining Sector (2024), and SASB Metals and Mining Standards.
Lithium Americas (NYSE: LAC) has established an At-The-Market (ATM) equity program with TD Securities, allowing the company to sell up to $100 million worth of common shares. The shares will be sold through the NYSE and TSX at prevailing market prices, with the company maintaining complete discretion over the volume and timing of sales.
The program will remain effective until either all shares are sold or the agreement is terminated. The company plans to use the proceeds for general corporate purposes, including funding corporate and project overhead expenses, financing capital expenditures, debt repayment, and working capital enhancement. Both TSX and NYSE listings are pending final approvals.
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