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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

Lithium Americas Closes Separation to Create Two Leading Lithium Companies

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Lithium Americas completes reorganization into two independent companies, Lithium Argentina and Lithium Americas (NewCo). Both companies will trade on TSX and NYSE. GM invests $329,852,134.38 in Lithium Americas (NewCo) shares. Separation constitutes a Make-Whole Fundamental Change for Lithium Argentina's convertible notes.
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Lithium Americas Announces Details for Completion of Separation

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Lithium Americas Corp. announces separation into Lithium Argentina and Lithium Americas (NewCo) expected to be completed on October 3, 2023. Trading of Lithium Argentina Shares and Lithium Americas (NewCo) Shares to commence on NYSE on October 2, 2023. Regular-way trading of both shares to begin on October 4, 2023. Registered shareholders reminded to submit documents for new share certificates. No 'when-issued' trading on TSX. Acquisition and ownership reporting rules apply to 'when-issued' market.
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Why Rising Lithium Demand May Exceed Lithium Production this Year Creating an Opportunity for Miners

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Global lithium demand expected to outmatch production, driving mining and revenues. Electrification of vehicles to boost lithium-ion battery demand. Government subsidies and investments to support market growth. Global lithium market size projected to reach $8.20 billion in 2023 with a CAGR of 12.3%. Indigo Exploration to deliver maiden lithium resource in early October. Lithium Americas shareholders vote in favor of separation. American Lithium announces process improvements for lithium carbonate production. E3 Lithium provides update on DLE technology results. American Battery Technology receives $57 million contract award for lithium hydroxide facility.
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Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

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The global lithium mining market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period, driven by the high demand for power due to urbanization and industrialization. Indigo Exploration Inc. engages Sproule for a maiden lithium brine resource estimation for its Fox Creek West project. Lithium Americas Corp. receives shareholder approval for separation into Lithium Argentina and Lithium Americas (NewCo). E3 Lithium Ltd. begins operations of its Direct Lithium Extraction (DLE) pilot plant. Albemarle Corporation intends to acquire Liontown Resources Limited. Livent Corporation reports Q2 2023 revenue of $235.8 million and expects similar financial performance in the second half of the year.
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Lithium Americas Publishes 2022-23 ESG-Safety Reports for North America and Argentina

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Lithium Americas releases two ESG-S reports highlighting progress in sustainable value creation
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Lithium Americas Reports Second Quarter 2023 Results

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Lithium Americas Corp. has reported its financial and operating results for Q2 2023. Key highlights include the achievement of first lithium production at the Caucharí-Olaroz project, expected production of approximately 5,000 tonnes of lithium carbonate in 2023, and progress in the development of the Pastos Grandes and Thacker Pass projects. The company also announced the separation of Lithium Americas into two entities and obtained a final order for the plan of arrangement. Financially, the company reported a net income of $25.8 million in Q2 2023, compared to a loss of $16.6 million in Q2 2022.
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NACCO INDUSTRIES ANNOUNCES SECOND QUARTER 2023 RESULTS

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NACCO Industries reported a decrease in consolidated income before taxes to $3.3 million in Q2 2023 from $45.1 million in Q2 2022. Consolidated net income also decreased to $2.5 million, or $0.34/share, from $37.2 million, or $5.07/share, in Q2 2022. Adjusted EBITDA decreased to $9.2 million from $21.0 million in Q2 2022. The Coal Mining segment experienced a significant decline in results due to lower volumes, increased costs, and operational inefficiencies. North American Mining and Minerals Management segments showed improvements in operating profit and Segment Adjusted EBITDA. The Company expects consolidated results to continue to decrease in Q3 2023 before improving in Q4 2023.
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Lithium Americas Shareholders Approve Plan to Separate into Two Leading Lithium Companies

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Lithium Americas Corp. announces shareholder approval for the separation of the company into Lithium Argentina and a new Lithium Americas Corp. The separation was approved by 98.85% of the votes cast. The company aims to advance the Thacker Pass project and pursue opportunities in Argentina. The separation is expected to be effective in early October 2023, pending regulatory approvals. Shareholders also approved a new equity incentive plan and resolutions related to General Motors' investment.
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Lithium Americas Announces Filing of Circular in Connection with the Separation and AGM

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Lithium Americas Corp. announces the filing of a Management Information Circular for the reorganization of the company into two independent public companies, Lithium Argentina and Lithium Americas (NewCo). The Separation has strong shareholder support and is targeted to be effective by October 15, 2023. The completion is subject to regulatory approvals and closing conditions.
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Demand Skyrockets as Lithium Mining Revenues Projected To Reach Over $3.1 Billion By 2031

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FAQ

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

The current stock price of Lithium Americas (LAC) is $3.17 as of January 3, 2025.

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

The market cap of Lithium Americas (LAC) is approximately 675.9M.

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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#2870 Ranked by Market Cap
N/A Ranked by Dividends

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675.88M
201.53M
7.38%
25.13%
12.06%
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