Earnings ·
Lithium Americas Corp. reported financial results for the fiscal quarter ended June 30, 2026, posting net income of…
LACLithium Americas Corp.
Lithium Americas Corp. reported financial results for the fiscal quarter ended June 30, 2026, posting net income of $1.7 million compared to a loss in the prior year period. The company holds approximately $1.3 billion in total cash and restricted cash, including $530.3 million at the Thacker Pass joint venture level. Construction progress continues toward mechanical completion targeted for late 2027, with over 1,600 workers on site and capital expenditures of $483.6 million capitalized during the quarter. The company also announced a securities purchase agreement for up to $175 million in subordinated convertible debentures from Yorkville Advisors, with an initial closing of $150 million. Lithium Americas Corp. operates in the mining industry, developing the Thacker Pass lithium project in Nevada.