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Lithium Americas Corp (NewCo) - LAC STOCK NEWS

Welcome to our dedicated news page for Lithium Americas (NewCo) (Ticker: LAC), a resource for investors and traders seeking the latest updates and insights on Lithium Americas (NewCo).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lithium Americas (NewCo)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lithium Americas (NewCo)'s position in the market.

News
Lithium Americas Closes US$275 Million Underwritten Public Offering
Rhea-AI Summary
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
Rhea-AI Summary
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
Rhea-AI Summary
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
Rhea-AI Summary
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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End-of-Day
8.01%
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Lithium Americas Provides a Thacker Pass Construction Plan Update
Rhea-AI Summary
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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4.54%
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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
Rhea-AI Summary
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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4.54%
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NACCO INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Rhea-AI Summary
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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End-of-Day
-0.37%
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Lithium Americas Provides Thacker Pass Update with Q3 2023 Carve-Out Financials and MD&A
Rhea-AI Summary
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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End-of-Day
3.8%
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NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2023 RESULTS
Rhea-AI Summary
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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End-of-Day
6.67%
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Lithium Americas Closes Separation to Create Two Leading Lithium Companies
Rhea-AI Summary
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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End-of-Day
-27.61%
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Lithium Americas Corp (NewCo)

NYSE:LAC

LAC Rankings

#2431 Ranked by Market Cap
#4242 Ranked by Stock Gains
N/A Ranked by Dividends

LAC Stock Data

1.15B
130.19M
10.28%
26.09%
9.15%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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