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Lithium Americas Corp. - LAC STOCK NEWS

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. (LAC) is a leading pure-play lithium producer dedicated to advancing sustainable energy solutions. The company's flagship asset, Thacker Pass, is located in northwest Nevada and represents one of the largest known lithium resources globally. Thacker Pass is an innovative clay-based lithium project currently under construction, with production expected to commence in the mid- to late 2020s. With this project, Lithium Americas aims to establish a fully integrated lithium production site, incorporating both mining and downstream refining capabilities on-site.

Under the leadership of its experienced management team, Lithium Americas is poised to enter the lithium chemical market, providing a vital resource for the production of batteries, essential for electric vehicles and renewable energy storage. The company's strategic partnerships and initiatives reflect its commitment to delivering shareholder value while contributing to the global transition towards cleaner energy.

The company maintains a strong financial position, with substantial investments earmarked for the development and expansion of its operations. The ongoing construction at Thacker Pass marks a significant milestone, demonstrating Lithium Americas' capability to execute large-scale projects efficiently and sustainably. As the demand for lithium continues to grow, Lithium Americas stands at the forefront, ready to meet the global market needs with its high-quality lithium products.

For the latest updates and news about Lithium Americas Corp., interested parties can reach out to Virginia Morgan, VP of Investor Relations and ESG, at +1-778-726-4070 or via email at ir@lithiumamericas.com. More information is also available on the company's website, www.lithiumamericas.com.

News

NACCO INDUSTRIES ANNOUNCES FIRST QUARTER 2024 RESULTS

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NACCO Industries announced their first-quarter results for 2024, showing a 162% increase in operating profit, a 28% increase in income before taxes, and a decrease in net income due to higher income tax expenses. The company repurchased shares and maintained a conservative capital structure. The Coal Mining segment saw a decline in revenues and operating results, while the North American Mining segment experienced significant growth. The Minerals Management segment showed increased revenue and profit. The company expects improved results in 2024, focusing on growth and diversification.

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Lithium Americas Closes US$275 Million Underwritten Public Offering

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Lithium Americas Corp. closes a US$275 million underwritten public offering by issuing 55,000,000 common shares at $5.00 per share. The proceeds will fund the Thacker Pass lithium project in Nevada. The offering, together with a DOE loan and GM investment, will fully fund Phase 1 construction.
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Lithium Americas Prices US$275 Million Underwritten Public Offering

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Lithium Americas Corp. announced the pricing of a $275 million underwritten public offering of 55,000,000 common shares at $5.00 per share. The Company intends to use the proceeds for advancing the construction of its Thacker Pass lithium project in Nevada. The Offering is led by Evercore ISI, Goldman Sachs, and BMO Capital Markets. The Company also received a $1.97 billion loan commitment from the U.S. Department of Energy for the Thacker Pass project.
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Lithium Americas Announces Proposed Public Offering of Common Shares

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Lithium Americas Corp. announced a proposed public offering of 55,000,000 common shares, led by Evercore ISI, Goldman Sachs & Co. , and BMO Capital Markets. The Offering is subject to market conditions, with an option for additional shares. The Company will offer the shares in the United States and Canada, excluding Québec.
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Lithium Americas Reports 2023 Full Year and Fourth Quarter Results

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Lithium Americas Corp. reports its financial results for Q4 2023, provides an update on Thacker Pass lithium project, secures a $2.26 billion loan from the DOE, and revises CAPEX for Phase 1 construction.
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Lithium Americas Provides a Thacker Pass Construction Plan Update

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Lithium Americas Corp. provides an update on its Thacker Pass lithium project in Nevada, securing a $2.26 billion loan from the U.S. Department of Energy for construction. The project aims to produce 40,000 tpa of battery-grade lithium carbonate. Construction progress, financing details, workforce impact, and timeline are highlighted.
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Lithium Americas Receives Conditional Commitment for $2.26 Billion ATVM Loan from the U.S. DOE for Construction of Thacker Pass

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Lithium Americas Corp. secures a $2.26 billion loan from the U.S. Department of Energy for the Thacker Pass lithium project in Nevada. The loan aims to finance the construction of processing facilities, creating jobs and supporting U.S. EV production.
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NACCO INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS

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NACCO Industries (NC) reported a significant decline in operating profit and net income for Q4 2023 due to a non-cash asset impairment charge and lower operating results in Coal Mining and Minerals Management segments. The company anticipates a positive full-year net income in 2024 despite challenges at the Red Hills Power Plant affecting customer demand. The outlook includes improved results at Mississippi Lignite Mining Company and higher earnings at Falkirk and Coteau.
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Lithium Americas Provides Thacker Pass Update with Q3 2023 Carve-Out Financials and MD&A

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Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) filed carve-out interim financial statements and MD&A for Q3 2023, providing a project update on the Thacker Pass lithium project. Major earthworks and detailed engineering are advancing for construction in 2024. The Company is working with the U.S. DOE for the ATVM Loan Program. The construction budget for the second half of 2023 is $145 million. Thacker Pass is expected to generate over 1,500 construction jobs and significant economic impact in Nevada.
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NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2023 RESULTS

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NACCO Industries reported a consolidated net loss of $3.8 million in Q3 2023, compared to a net income of $10.6 million in Q3 2022. The decrease in earnings was primarily due to lower earnings in the Coal Mining and Minerals Management segments. The Company expects a modest income before tax and net income in Q4 2023, with projections for significant full-year 2024 income improvement compared to 2023.
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FAQ

What is the current stock price of Lithium Americas (LAC)?

The current stock price of Lithium Americas (LAC) is $2.97 as of January 1, 2025.

What is the market cap of Lithium Americas (LAC)?

The market cap of Lithium Americas (LAC) is approximately 648.6M.

What is Lithium Americas Corp. (LAC)?

Lithium Americas Corp. is a pure-play lithium producer focused on advancing its flagship project, Thacker Pass, in northwest Nevada.

Where is Thacker Pass located?

Thacker Pass is located in northwest Nevada, USA, and is one of the largest known lithium resources in the world.

When is the Thacker Pass project expected to start production?

The Thacker Pass project is expected to begin production in the mid- to late 2020s.

What makes Thacker Pass project unique?

Thacker Pass is unique because it will be the first clay-based lithium asset to enter production and it is designed to be a fully integrated lithium production site.

What markets will Lithium Americas Corp. serve?

Lithium Americas will sell its lithium products into the lithium chemical market, which is crucial for electric vehicle batteries and renewable energy storage.

How can I contact Lithium Americas Corp. for more information?

You can contact Virginia Morgan, VP of Investor Relations and ESG, at +1-778-726-4070 or via email at ir@lithiumamericas.com.

What recent achievements has Lithium Americas Corp. made?

The key recent achievement is the commencement of construction at Thacker Pass, which signifies a major step towards production.

What are the financial conditions of Lithium Americas Corp.?

Lithium Americas maintains a strong financial position, with significant investments planned for the Thacker Pass project and future expansions.

What are the future prospects for Lithium Americas Corp.?

With the growing demand for lithium, Lithium Americas is well-positioned to capitalize on the market needs, enhancing its potential for long-term growth.

Where can I find more information about Lithium Americas Corp.?

More information can be found on the company's website at www.lithiumamericas.com.
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Lithium Americas Corp.

NYSE:LAC

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#2893 Ranked by Market Cap
N/A Ranked by Dividends

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648.58M
201.53M
7.38%
25.13%
12.06%
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