LAC
Lithium Americas Corp.4.7800
-0.0400-0.83%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.45BP/E (TTM)
-Basic EPS (TTM)
-1.08Dividend Yield
0%Recent Filings
8-K
Director Kirkman resigns
8-K
DOE warrants issued
Lithium Americas issued warrants to DOE on January 30, 2026, per prior OWCA: A&R Company Warrant for 18.3M common shares (5% of outstanding) at $0.01/share and A&R JV Warrant for 8.7B non-voting JV units (5% economic interest) at $0.0001/unit, both exercisable 10 years via cashless exercise. DOE gains registration rights (S-3 by June 30) and put rights forcing GM to buy or exchange JV warrant for LAC shares at conversion rate maintaining economics; GM holds post-substantial completion call. Warrants dilute equity yet secure DOE loan amendments.
10-Q
Q3 FY2025 results
Lithium Americas posted a Q3 net loss of $199M, up sharply from $8.5M last year, driven by a $190M non-cash hit from fair-value swings on its convertible notes' embedded derivative while operating expenses ticked up to $9.7M on construction ramp-up. Thacker Pass construction advanced with $146M capitalized in Q3, pushing mineral properties to $1.0B; cash fell to $385M after $526M invested YTD yet financing delivered $364M including Orion's $212M and GM's JV infusion. Debt stands at $387M convertible (9.875% rate, due 2030) plus $49M royalties; free cash flow not disclosed in the 10-Q. JV with GM holds firm at 62/38 split. Tariffs on steel and equipment imports pose supply chain risks.
8-K
Launches $250M ATM program
Lithium Americas launched a US$250M at-the-market equity program on November 13, 2025, via TD Securities, allowing flexible common share sales on NYSE without sales obligation. Commissions cap at 3.0% of gross proceeds; net proceeds target general corporate purposes like capex and debt repayment. No shares sold yet.
8-K
Thacker Pass advances swiftly
Lithium Americas reported Q3 2025 results, capitalizing $145.9M at Thacker Pass where engineering hit 80% complete and 700 workers drive construction toward 2027 mechanical completion. Post-quarter, it drew $435M from the $2.23B DOE loan, raised $335.6M via ATM programs, and converted $97.5M notes. Cash stood at $385.6M, but net loss swelled to $223.9M on derivative swings. Tariffs loom over imports.
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