LAC
Live News • Jun 04
Lithium Americas Surpasses Expectations With Thacker Pass Progress and Strong Cash Position Lithium Americas reported breakeven EPS for Q1 2026, ahead of expectations despite not recording any revenue as construction at the Thacker Pass project continues.
The company holds over US$1.2b in cash and restricted cash, supported by recent Department of Energy loans and equity raises, against approximately US$1.3b already spent on Thacker Pass out of a planned US$2.93b total investment.
Mechanical completion of Thacker Pass Phase 1 is targeted for late 2027, with production ramp-up currently planned for 2028, supported by a joint venture with General Motors and its positioning as a U.S. supplier of critical lithium for EV batteries.
The key takeaway is that Lithium Americas is still firmly in a build-out phase, with a sizeable cash position and federal loan support aimed at carrying Thacker Pass toward its planned completion timeline.
You may want to weigh the long construction lead time, large remaining capital spend, and reliance on a single flagship asset against the potential benefits of exposure to a U.S.-based lithium project tied to the EV battery supply chain. Announcement • May 06
Lithium Americas Corp. Appoints Clayton Walker as Independent Director, Effective May 5, 2026 Lithium Americas Corp. announced the appointment of Clayton Walker as an independent member of its Board of Directors effective immediately, May 5, 2026. Mr. Walker has over 25 years of experience leading global mining companies, most recently as former Chief Growth and Development Officer at Rio Tinto where he was responsible for the overall strategic direction and execution of the Copper Growth Portfolio. From 2021 to 2025, he served as Chief Operating Officer for Rio Tinto’s Copper product group, where he led global teams focused on growth and optimization across a world-class copper portfolio. His responsibilities included oversight of major operations and projects across the Americas, including Rio Tinto Kennecott in Utah and Resolution Copper in Arizona. From 2016 to 2021, he served as Chief Executive Officer and Executive Chairman of Iron Ore Company of Canada. Prior to that, he spent 15 years in various management roles at Rio Tinto. Mr. Walker holds a Master of Business Administration degree as well as a Bachelor of Science, Metallurgical Engineering degree from the University of Utah. Recent Insider Transactions Derivative • Apr 16
President exercised options and sold CA$492k worth of stock On the 10th of April, Jonathan Evans exercised options to acquire 85k shares at no cost and sold these for an average price of CA$5.77 per share. This trade did not impact their existing holding. For the year to December 2023, Jonathan's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Jonathan's direct individual holding has increased from 635.14k shares to 768.84k. Company insiders have collectively sold CA$6.7m more than they bought, via options and on-market transactions in the last 12 months. 
