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) 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.
NACCO Industries reported strong Q1 2025 results with notable improvements across key metrics. Operating profit increased 61.5% to $7.7 million, while net income rose 7.2% to $4.9 million compared to Q1 2024. The company achieved diluted EPS of $0.66 and EBITDA of $12.8 million, up 14% year-over-year.
The Coal Mining segment showed significant improvement, with total coal deliveries reaching 6,207 thousand tons. North American Mining revenues grew 28.8%, while Minerals Management saw a 4.8% revenue increase. The company maintained strong liquidity with $61.9 million in cash and $90.5 million available under its credit facility.
Looking ahead, NACCO expects a moderate year-over-year increase in consolidated operating profit for 2025, with planned capital expenditures of $64 million. The company is pursuing growth through strategic diversification and maintaining a conservative capital structure while focusing on customer service and operational excellence.
Lithium Americas (NYSE: LAC) has announced two major developments for its Thacker Pass lithium project in Nevada: the final investment decision (FID) for Phase 1 and the closing of a $250 million strategic investment from Orion Resource Partners.
The Orion investment includes $195 million in senior unsecured convertible notes, $25 million for mineral production payments, and a $30 million delayed draw facility. This investment satisfies remaining equity requirements for the previously announced $2.26 billion U.S. Department of Energy loan.
The project has now achieved fully funded status for Phase 1 development at both project and corporate levels. As part of the FID, joint venture partners General Motors and Lithium Americas contributed $100 million and $192 million respectively. Phase 1 completion is targeted for late 2027.
Lithium Americas (NYSE: LAC) reported its 2024 full-year results and provided updates on its Thacker Pass lithium project. The company ended 2024 with $594.2 million in cash and capitalized $179.9 million in construction costs.
Key developments include:
- A $250 million strategic investment from Orion Resource Partners
- Closure of a $2.26 billion DOE loan for Phase 1 construction
- Formation of a joint venture with GM worth $625 million, giving GM a 38% stake
- Completion of a $275 million public offering of 55 million shares
The Thacker Pass project is advancing with over 55% detailed engineering completion. The updated mineral reserve estimate shows 14.3 million tonnes of lithium carbonate equivalent, supporting an expansion plan targeting 160,000 tonnes per year production capacity with an 85-year mine life. Production is targeted for late 2027.
Lithium Americas (NYSE: LAC) has secured a strategic $250 million investment from Orion Resource Partners for the Thacker Pass lithium project in Nevada. The investment includes $195 million in convertible notes, a $25 million Production Payment Agreement, and a commitment for $30 million in additional notes within two years.
The deal is expected to close by March 10, 2025, fully funding Phase 1 construction through completion in late 2027. The convertible notes will mature in 2030 with a 9.875% annual interest rate and an initial conversion price of $3.78 per share.
Under the Production Payment Agreement, Orion will receive fixed payments of $128-152 per tonne of lithium processed and 0.96-1.14% of gross revenue, capped at 41,500 tonnes annually. The investment satisfies requirements from both the U.S. Department of Energy's $2.26 billion loan and General Motors, with first DOE loan draw expected in Q3 2025.
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