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Lithium Americas Corp (NYSE: LAC; TSX: LAC) is a Canadian mining company focused on developing the Thacker Pass lithium project in northern Nevada. The company aims to produce battery-quality lithium carbonate for the North American critical minerals supply chain. On October 1, 2025, LAC closed at USD 7.5601 per share, reflecting a 32.40% increase, with a trading volume of 11,107,179 shares on the New York Stock Exchange.
Corporate Structure
Headquartered in Vancouver, British Columbia, Lithium Americas employs between 501 and 1,000 people. The executive team includes:
- Jonathan Evans, President and CEO, overseeing corporate strategy and key partnerships
- Virginia Morgan, VP of Investor Relations and ESG, responsible for sustainability reporting and stakeholder engagement
- Leandro Vedovatti, Regional IT Executive, leading technology integration and data management
The company has a multidisciplinary workforce that encompasses expertise in geology, engineering, project management, and environmental compliance.
Lithium extraction by Volodymyr Hryshchenko
Recent Developments and News
- August 21, 2025: Lithium Nevada, a subsidiary of LAC, awarded CB&I a contract for the procurement, fabrication, and installation of 36 flat-bottom atmospheric storage tanks at Thacker Pass. These tanks will hold process solutions and chemicals used in lithium extraction from clay deposits.
- March 14, 2024: The U.S. Department of Energy approved a USD 2.26 billion loan to finance the construction of lithium carbonate manufacturing facilities at Thacker Pass.
- October 1, 2025: DOE restructured its loan agreement, securing 5% equity in LAC via warrants and an additional 5% in the LAC/GM joint venture. This amendment includes over USD 100 million in new equity and introduces mechanisms to enhance repayment security for taxpayers.
- October 2024: General Motors increased its investment to USD 945 million, forming a joint venture with Lithium Americas for the development of the Thacker Pass mine.
Financial and Strategic Analysis
As of October 1, 2025:
- Share Price: USD 7.5601 (+32.40%)
- 52-Week Range: USD 2.31–7.53
- Market Capitalization: USD 1.348 billion (intraday)
- Volume: 11,107,179 shares
- Net Loss (TTM): USD 52.86 million; Diluted EPS: –0.25
- Total Cash (MRQ): USD 508.85 million; Debt/Equity (MRQ): 19.95%
Strategically, Lithium Americas is progressing Thacker Pass—one of the largest lithium deposits in North America—toward initial production expected by 2026 and full ramp-up anticipated in 2027. The DOE loan and GM equity investment provide significant financing support, while the CB&I contract secures essential infrastructure for lithium extraction.
Market Position and Industry Context
Demand for lithium is increasing worldwide, particularly with the expansion of electric vehicle and grid-scale energy storage markets. The United States produces less than 1% of the global lithium supply, and the Thacker Pass project aims to contribute to the domestic production of battery-grade lithium carbonate. Positioned within the lower half of the global cost curve for clay-based lithium extraction, the project is designed to integrate upstream mining with on-site refining capabilities. Collaborations with governmental and industry partners highlight its role in fostering U.S. energy security and advancing the domestic supply chain for critical minerals.
tl;dr
On October 1, 2025, the U.S. Department of Energy restructured its USD 2.26 billion loan to Lithium Americas, securing equity warrants and improving repayment terms. General Motors has committed USD 945 million to the Thacker Pass joint venture. Additionally, the company awarded CB&I a contract on August 21, 2025, for critical processing tanks. Initial lithium production is expected to commence in 2026, with full capacity anticipated in 2027, positioning LAC to enhance domestic lithium supply for electric vehicles and energy storage.
