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 Corp. (LAC) announced a Community Benefits Agreement (CBA) with the Fort McDermitt Paiute and Shoshone Tribe, aimed at fostering collaboration and providing long-term benefits. The CBA includes job training, employment opportunities, and funding for cultural education. Additionally, an 8,000 square foot community center is planned for the Tribe. The Company has received necessary environmental permits for the Thacker Pass project and is preparing for construction, with key contractor selections underway. A court hearing on a pending appeal is scheduled for January 5, 2023.
Lithium Americas Corp. (NYSE: LAC) is progressing towards the construction of its Thacker Pass lithium project in Nevada, having received all required state and federal permits. The federal court will hold an oral hearing regarding the project's Record of Decision on January 5, 2023. Previously, all injunction requests related to Thacker Pass were denied. The company is also finalizing partnerships and supply agreements, and is applying for U.S. Department of Energy funding. The Thacker Pass project is positioned as a critical lithium supply source for North America's growing battery ecosystem.
Lithium Americas Corp. (LAC) has announced a Strategic Collaboration Agreement with Green Technology Metals Ltd. (GT1) aimed at developing an integrated lithium chemical supply chain in North America. This collaboration builds on a previous $10 million investment by Lithium Americas in GT1. The agreement includes the establishment of a Strategic Management Committee to oversee joint exploration and development efforts, particularly focused on North American lithium resources. The partnership follows the passing of the Inflation Reduction Act, highlighting the growing demand for domestic lithium supply.
Lithium Americas Corp. (LAC) reported its Q2 2022 financial results, highlighting significant progress in its lithium projects in Argentina and the U.S. Construction at the Caucharí-Olaroz project is over 90% complete, with a focus on production. The company has spent 88% of its capital budget, totaling $653 million. In the U.S., the Thacker Pass project is advancing, with necessary permits secured and early construction expected to commence in 2022. As of June 30, 2022, LAC had $441 million in cash and equivalents. The net loss was reduced to $16.6 million compared to $19.3 million in Q2 2021.
Lithium Americas Corp. (TSX: LAC, NYSE: LAC) announced the results of its annual shareholder meeting held on June 21, 2022. Shareholders approved several key items, including:
- Setting the Board of Directors at nine members.
- Electing nine incumbent directors.
- Reappointing PricewaterhouseCoopers LLP as auditors.
- Passing a non-binding advisory vote on executive compensation.
Voting results showed strong support for all resolutions, with over 96% approval for the advisory vote on executive compensation.
Lithium Americas Corp. (LAC) has announced a technical collaboration with Arena Minerals Inc. to optimize development in the Pastos Grandes basin, Argentina. This agreement aims to share technical knowledge, explore processing technologies, and develop a resource model to enhance lithium extraction efficiencies. The collaboration emphasizes sustainable development and community engagement. Key elements include joint data sharing and infrastructure utilization, although no intellectual property will be exchanged. Both companies are focused on advancing their lithium projects amidst the growing demand for lithium products.
Lithium Americas Corp. (LAC) announced its Q1 2022 results, reporting a net loss of $46.1 million compared to $10 million in Q1 2021. The company has spent $605 million of its $741 million budget on its Caucharí-Olaroz project, which is nearing completion. It also made a $360 million acquisition of the Pastos Grandes project. In the U.S., LAC is advancing the Thacker Pass project, with a feasibility study in progress. The company holds $492 million in cash and has additional credit. A key environmental permit was issued in February for Thacker Pass.
Lithium Americas Corp. (LAC) has entered an agreement to acquire shares of Green Technology Metals Ltd. (GT1) for a total of US$10 million. This investment is part of a larger share placement, with LAC expected to hold about 5% of GT1 upon completion. The collaboration aims to enhance the North American lithium supply chain, focusing on advancing GT1's Ontario Lithium Projects and developing processing for battery-grade lithium chemicals. The partnership leverages both companies' expertise in lithium production and processing.
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