LITHIUM AMERICAS CORP. 8K

Lithium Americas Corp. filed its Q2 2026 Form 10‑Q, detailed substantial construction progress and cost developments at its Thacker Pass project, and executed multiple financing actions including DOE loan advances, ATM equity issuances, and a new Yorkville convertible debenture facility while reaffirming a late‑2027 mechanical completion target.

On August 13, 2026, Lithium Americas Corp. reported its financial and operational results for the quarter ended June 30, 2026, highlighting progress and cost developments at its Thacker Pass Phase 1 project and several financing actions. The company disclosed that it filed its Form 10‑Q for Q2 2026 and held approximately $1.3 billion in total cash and restricted cash as of June 30, 2026, including $530.3 million at the Thacker Pass joint venture level, with total project capitalized costs reaching about $1.8 billion toward a total Capex estimate of $2.93 billion. During and after the quarter, Lithium Americas raised equity under a March 2026 at‑the‑market program (issuing 14.1 million shares for roughly $72.7 million in net proceeds), received a third advance of $342 million under its U.S. Department of Energy loan facility (bringing cumulative DOE advances to $1.209 billion), and entered into a securities purchase agreement with Yorkville for up to $175 million of subordinated convertible debentures (with an initial $150 million issuance committed). Operationally, the company reported significant advancement of construction at Thacker Pass, including over 3.42 million workhours without serious injury, over 95% completion of detailed engineering and over 80% of procurement, increasing on‑site labor toward a peak in late 2026, and specific milestones in power infrastructure, structural steel, equipment installation, and logistics infrastructure such as its Transload Terminal. Management reaffirmed its target for mechanical completion of Thacker Pass Phase 1 in late 2027, maintained 2026 Capex guidance of $1.3–$1.6 billion for Phase 1, and outlined inflationary and tariff-related cost pressures, while also reporting an improvement to net income for Q2 and year‑to‑date 2026 driven largely by gains on financial instruments and higher interest income.

Filing Facts

CIK

1966983

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-347834

Alert Tier

6