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) 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.
NACCO Industries (NYSE: NC) reported strong financial performance for Q4 and full-year 2024. Q4 operating profit reached $3.9 million with net income of $7.6 million, while Q4 Adjusted EBITDA increased 26.8% to $9.0 million compared to Q4 2023.
Full-year 2024 highlights include:
- Net income of $33.7 million ($4.55/share) versus 2023 net loss of $39.6 million
- Adjusted EBITDA of $59.4 million, up 116% from 2023
- Cash position of $72.8 million with $99.5 million total debt
- $6.6 million paid in dividends and 317,000 shares repurchased for $9.9 million
The improvement was primarily driven by better performance in Coal Mining and North American Mining segments. For 2025, NACCO expects modest year-over-year increase in consolidated operating profit, with solid customer demand in Coal Mining and improved results anticipated in North American Mining.
Lithium Americas (TSX: LAC) (NYSE: LAC) has appointed Luke Colton as Executive Vice President and Chief Financial Officer, effective January 29, 2025. Colton brings over two decades of global financial and mining experience to LAC as the company prepares for major construction at Thacker Pass in 2025.
Colton's most recent role was CFO at Minova International (2023-2024). Previously, he served as CFO at Turquoise Hill Resources for over five years, where he was also a director of Oyu Tolgoi, overseeing a multi-billion-dollar copper mine development in Mongolia. His experience includes CFO positions at Richards Bay Minerals and various senior roles at Rio Tinto. Colton, who started his career at Ernst & Young, holds a Masters of Accountancy from Brigham Young University.
Lithium Americas (LAC) announced significant increases in mineral resources and reserves for its Thacker Pass lithium project in Nevada. The project now holds the world's largest measured lithium reserve with 14.3 million tonnes of lithium carbonate equivalent (LCE) at 2,540 ppm lithium, representing a 286% increase from November 2022.
The company plans a five-phase expansion targeting 160,000 tonnes per year of battery-quality lithium carbonate production, with four phases of 40,000 t/y each. The project economics show an average annual EBITDA of $2.2 billion for the first 25 years, with after-tax NPV of $5.9 billion at 8% discount and 19.6% IRR. Total capital costs for all phases are estimated at $12.4 billion.
Phase 1 construction started in early 2023, with completion targeted for late 2027. The project is expected to create nearly 2,000 construction jobs and 350 full-time operational positions for Phase 1, growing to approximately 1,100 full-time employees over the life of mine.
Lithium Americas (LAC) has finalized its joint venture with General Motors (GM) for the Thacker Pass lithium project in Nevada. LAC retains a 62% controlling interest while GM acquires a 38% stake for $625 million, consisting of $430 million in direct cash funding and a $195 million letter of credit facility. GM has already contributed $330 million, alongside LAC's $138 million. The remaining contributions ($100 million from GM and $181 million from LAC) will be made at the final investment decision, targeted for early 2025.
The project aims to produce battery-quality lithium carbonate for North American supply chains, with completion targeted for late 2027. The previously announced $2.26 billion U.S. Department of Energy loan terms remain unchanged, with first draw expected mid-2025.
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