Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
IPO Year: 2023
Exchange: NYSE
Website: lithiumamericas.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/17/2024 | Sector Perform → Outperform | National Bank Financial | |
7/29/2024 | $3.90 | Neutral | Piper Sandler |
3/18/2024 | $15.00 → $7.00 | Sector Outperform → Sector Perform | Scotiabank |
12/11/2023 | $7.00 | Neutral | JP Morgan |
11/15/2023 | Outperform | National Bank Financial | |
10/31/2023 | Speculative Buy | Canaccord Genuity | |
10/18/2023 | $25.00 → $7.00 | Buy → Hold | Deutsche Bank |
10/16/2023 | $14.00 | Buy | B. Riley Securities |
10/5/2023 | $20.00 | Sector Outperform | Scotiabank |
10/5/2023 | $15.00 | Buy | Stifel |
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6-K - LITHIUM AMERICAS CORP. (0001966983) (Filer)
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6-K - LITHIUM AMERICAS CORP. (0001966983) (Filer)
6-K - LITHIUM AMERICAS CORP. (0001966983) (Filer)
VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") today announced the retirement of Eduard Epshtein and the appointment of Pablo Mercado as Executive Vice President and Chief Financial Officer ("CFO") to succeed Eduard as CFO of Lithium Americas. Upon completion of the planned separation of the Company's Argentine and North American businesses into two independent public companies (the "Separation"), Pablo would become CFO of the North American business. Eduard will continue to work with Lithium Americas as an advisor supporting the Separation and the financial reporting needs of both b
TORONTO, ON / ACCESSWIRE / March 8, 2023 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP) (OTCQX:NSUPF) (Frankfurt:D9M1) is pleased to announce the appointment of Mr. Jean Lafleur, P. Geo., to its Technical Committee.Mr. Lafleur brings 45 years of experience as a geologist in Canada and internationally. During his early career, he worked for Newmont, Falconbridge, Dome Mines, and Placer Dome, as well as serving as a C-suite executive for several small-cap junior exploration companies. Mr. Lafleur is currently a Senior Consultant for Appian Capital Advisory LLP. Throughout his career, he has remained active as a technical, management and financing consultan
VANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") is pleased to announce the voting results from its annual meeting of shareholders held on June 21, 2022 (the "Meeting"). A requisite majority of shareholders, casting votes in person or by proxy, approved the following items of business at the Meeting: setting the size of the Board of Directors at nine;electing each of the nine incumbent directors nominated by management;re-appointing PricewaterhouseCoopers LLP ("PwC") as the Company's auditor; andapproving a non-binding advisory vote on executive compensation. Votes were cast on the matters no
VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announces that on November 24, 2021 the Company purchased 23,369,003 common shares (the "Arena Shares") of Arena Minerals Inc. (TSXV:AN) ("Arena Minerals") at a price of C$0.54 per share through an alternative market transaction for aggregate consideration of approximately US$10 million (the "Purchase"). The Arena Shares represent 6.3% of the issued and outstanding common shares of Arena Minerals as of close of market on November 24, 2021. Prior to the Purchase, Lithium Americas beneficially owned 42,857,143 common shares, representing approxima
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") has reported its financial and operating results for the nine months ended September 30, 2024 ("Q3 2024") and has filed its condensed consolidated interim financial statements ("Financials") and management's discussion and analysis ("MD&A"). Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, "This past year has been pivotal in moving Thacker Pass forward toward production, including entering into a new joint venture agreement with GM and closing of the DOE Loan. We are working to FID the project by the end of the year to move Thacke
Consolidated Q3 2024 Highlights: Operating profit of $19.7 million compared with Q3 2023 $6.3 million operating lossQ3 2024 includes $13.6 million of business interruption insurance incomeNet income of $15.6 million versus Q3 2023 net loss of $3.8 millionCLEVELAND, Oct. 30, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended September 30, 2024. Comparisons in this news release are to the three months ended September 30, 2023, unless otherwise noted. Three Months Ended Nine Months Ended ($ in thousands, except per share amounts) 9/30/2024 9/30/2023 $ Change 9/30/2024 9/30/2023 $ Change Operating Profit (Loss) $19,699 $
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") is pleased to announce the closing of a $2.26 billion loan from the U.S. Department of Energy's ("DOE") Loan Programs Office ("LPO") under the Advanced Technology Vehicles Manufacturing ("ATVM") Loan Program (the "DOE Loan") for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada ("Thacker Pass" or the "Project"). HIGHLIGHTS The DOE Loan for $2.26 billion will have interest rates fixed from the date of each monthly advance for the term of the loan at applicable U.S. Treasury rates. The DOE Loan amount in
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced the Company and General Motors Holdings LLC ("GM") have entered into a new investment agreement ("Investment Agreement") to establish a joint venture ("JV") for the purpose of funding, developing, constructing and operating (the "JV Transaction") Thacker Pass in Humboldt County, Nevada ("Thacker Pass" or the "Project"). The JV Transaction will deliver $625 million of cash and letters of credit from GM to Thacker Pass alongside the conditional commitment for a $2.3 billion U.S. Department of Energy ("DOE") loan announced earlier this year. Under the
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announces the Company and General Motors Holdings LLC ("GM") have agreed to extend the outside date for the second tranche subscription agreement until the end of the year. Along with the extension, GM has reaffirmed its intention to complete the additional $330 million investment to support development of Thacker Pass, which is the largest known Measured and Indicated lithium resource in North America. "Our relationship with GM has been built on collaboration and a mutual goal to develop a robust domestic lithium supply chain," said Jonathan Evans, President
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") has reported its financial and operating results for the six months ended June 30, 2024 ("Q2 2024") and has filed its condensed consolidated interim financial statements ("Financials") and management's discussion and analysis ("MD&A"). HIGHLIGHTS Thacker Pass On March 12, 2024, the Company received from the U.S. Department of Energy ("DOE") a conditional commitment for a $2.26 billion loan (the "DOE Loan") under the Advanced Technology Vehicles Manufacturing Loan Program, to fund eligible construction costs of the processing facilities at Thacker Pass to
Consolidated Q2 2024 Highlights: Operating profit of $7.4 million increased from $1.8 million in Q2 2023Includes $4.5 million gain on sale of an assetIncome before taxes of $6.2 million increased from $3.3 million in Q2 2023Net income of $6.0 million, or $0.81/share versus $2.5 million, or $0.34/share, in Q2 2023CLEVELAND, July 31, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended June 30, 2024. Comparisons in this news release are to the three months ended June 30, 2023, unless otherwise noted. Three Months Ended Six Months Ended ($ in thousands, except per share amounts) 6/30/2024 6/30/2023 % Change 6/30/2024 6/30
Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced the results from its annual general and special meeting held on May 24, 2024 (the "Meeting"). Each of the following eight nominees was elected as a Director of the Company: Director Nominees Votes For Votes Withheld Kelvin Dushnisky 45,768,333 (95.40%) 2,204,376 (4.60%) Michael Brown 46,792,466 (97.54%) 1,180,243 (2.46%) Fabiana Chubbs 46,567,741 (97.07%) 1,404,969 (2.93%) Jonathan Evans 46,703,884 (97.36%) 1,268,823 (2.64%) Dr. Yuan Gao 46,872,455 (97.71%)
(All amounts in US$ unless otherwise indicated) Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") has reported its financial and operating results for the three months ended March 31, 2024 ("Q1 2024") and has filed its condensed consolidated interim financial statements ("Financials") and management's discussion and analysis ("MD&A"). HIGHLIGHTS Thacker Pass Site preparation for major earthworks has been completed and Thacker Pass is prepared for the commencement of major construction, expected in the second half of 2024. The Company continues to focus on increasing the level of detailed engineering, alongside advancing procurement and execution p
USA News Group Commentary Issued on behalf of Lithium South Development Corporation VANCOUVER, BC, May 3, 2024 /PRNewswire/ -- USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Co
National Bank Financial upgraded Lithium Americas from Sector Perform to Outperform
Piper Sandler initiated coverage of Lithium Americas with a rating of Neutral and set a new price target of $3.90
Scotiabank downgraded Lithium Americas from Sector Outperform to Sector Perform and set a new price target of $7.00 from $15.00 previously
JP Morgan initiated coverage of Lithium Americas with a rating of Neutral and set a new price target of $7.00
National Bank Financial initiated coverage of Lithium Americas with a rating of Outperform
Canaccord Genuity initiated coverage of Lithium Americas with a rating of Speculative Buy
Deutsche Bank downgraded Lithium Americas from Buy to Hold and set a new price target of $7.00 from $25.00 previously
B. Riley Securities initiated coverage of Lithium Americas with a rating of Buy and set a new price target of $14.00
Scotiabank initiated coverage of Lithium Americas with a rating of Sector Outperform and set a new price target of $20.00
Stifel initiated coverage of Lithium Americas with a rating of Buy and set a new price target of $15.00
WASHINGTON — Amid the global search for lithium for electric vehicle batteries, major automakers are eyeing production from American Battery Technology Co. (NASDAQ:ABAT), CEO Ryan Melsert said this month at a mining conference. The company is developing one of the largest lithium deposits in the United States at its Tonopah Flats mining and refining project in Nevada to provide lithium in addition to the company's battery recycling business. American Battery Technology is funding its operations with revenue from recycling and U.S. Department of Energy grants but plans to augment that in the medium term with project financing and lithium offtake agreements with strategic partners. Al
National Bank Financial Inc analyst Mohamed Sidibe initiates coverage on Lithium Americas (NYSE:LAC) with a Sector Perform rating and announces Price Target of $7.
One of the largest U.S. lithium projects recently cleared a key permitting milestone after lengthy delays. But it’s just one step in a nation where mine permitting is a key chokepoint for the Biden administration’s ambitions to ramp up domestic production of metals crucial to the energy transition. North Carolina-based Piedmont Lithium (NASDAQ:PLL) recently received a mining permit from the state for its lithium mining, concentrating and refining operation. The project has faced at least three years of local opposition over concerns that it could pollute drinking water. "Although this is largely company-specific news, any good news on permitting in (the) U.S. is good for domestic l
The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for essential raw materials. Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum. For investors, this shift comes with significant implications in related ETFs such as the Global X Lithium & Battery Tech ETF (NYSE:LIT), Amplify Lithium & Battery Technology ETF (NYSE:BATT), WisdomTree Battery Value Chain and Innovation Fund (NYSE:WBAT) and the United States Copper Index Fund (NYSE:CPER). Lithium and Rare Earths: Balancing Act The demand for lithium and rare earths is projected to decline due to lower battery electric vehicl
https://www.bleeckerstreetresearch.com/research/lac
As the electrification revolution accelerates, lithium — a critical raw material for batteries — stands at the forefront of the energy transition. North American lithium miners Piedmont Lithium Inc (NASDAQ:PLL), Lithium Americas Corp (NYSE:LAC), and American Battery Technology Co (NASDAQ:ABAT) are strategically positioned to benefit from this surge in demand. We look into recent insights from J.P. Morgan’s fireside chats with these companies to gauge their future prospects. Subsequently, we compare these stocks to determine which one offers greater upside potential. Here’s a quick peek into the three companies’ key metrics before we dive in: CompanyMarket Capitalization2023 Revenue
HSBC analyst Santhosh Seshadri maintains Lithium Americas (NYSE:LAC) with a Hold and lowers the price target from $6.5 to $5.1.
Consolidated Q3 2024 Highlights: Operating profit of $19.7 million compared with Q3 2023 $6.3 million operating lossQ3 2024 includes $13.6 million of business interruption insurance incomeNet income of $15.6 million versus Q3 2023 net loss of $3.8 millionCLEVELAND, Oct. 30, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended September 30, 2024. Comparisons in this news release are to the three months ended September 30, 2023, unless otherwise noted. Three Months Ended Nine Months Ended ($ in thousands, except per share amounts) 9/30/2024 9/30/2023 $ Change 9/30/2024 9/30/2023 $ Change Operating Profit (Loss) $19,699 $
Consolidated Q2 2024 Highlights: Operating profit of $7.4 million increased from $1.8 million in Q2 2023Includes $4.5 million gain on sale of an assetIncome before taxes of $6.2 million increased from $3.3 million in Q2 2023Net income of $6.0 million, or $0.81/share versus $2.5 million, or $0.34/share, in Q2 2023CLEVELAND, July 31, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended June 30, 2024. Comparisons in this news release are to the three months ended June 30, 2023, unless otherwise noted. Three Months Ended Six Months Ended ($ in thousands, except per share amounts) 6/30/2024 6/30/2023 % Change 6/30/2024 6/30
Consolidated Q1 2024 Highlights: Consolidated operating profit of $4.8 million increased 162% over Q1 2023Consolidated income before taxes of $5.6 million up 28% from Q1 2023Income tax expense compared with income tax benefit in Q1 2023 due to shift in mix of earningsConsolidated net income of $4.6 million, or $0.61/share versus $5.7 million, or $0.76/share, in Q1 2023 EBITDA of $11.2 million up 4% from Q1 2023CLEVELAND, May 1, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended March 31, 2024. Comparisons in this news release are to the three months ended March 31, 2023, unless otherwise noted. Three Months Ended ($
Thacker Pass Update: Conditional Commitment for $2.3 billion DoE LoanLONDON, UK / ACCESSWIRE / March 15, 2024 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to note recent positive announcements by Lithium Americas Corporation ((", LAC", , NYSE:LAC) in relation to its Thacker Pass Lithium Project ("Thacker Pass"). Trident holds a net 1.05% gross revenue royalty over Thacker Pass (after expected exercise of a partial royalty buyback, which would see $13.2 million to Trident).U.S. Government Advanced Technology Vehicles Manufacturing Loan1LAC has received a conditional commitment (the "Conditional Commitment") from the U.S. Department of Ener
Consolidated Q4 2023 Highlights: Operating loss of $67.4 million versus operating profit of $15.5 million in 2022Includes non-cash asset impairment charge of $65.9 million triggered by significant unplanned outage at the power plant served by the Red Hills MineNet loss of $44.0 million compared with net income of $13.8 million in 2022Adjusted EBITDA of $7.1 million, which excludes the asset impairment charge, versus $23.6 million in 20222024 Consolidated Outlook Expect to report positive full-year net income compared with substantial 2023 lossCLEVELAND, March 6, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months and year e
Second Quarter 2023 NACCO Consolidated Highlights: Consolidated income before taxes of $3.3 million versus $45.1 million in Q2 2022Q2 2022 operating profit and other income included $14.0 million and $16.9 million, respectively, of income from contract termination settlementsConsolidated net income decreased to $2.5 million, or $0.34/share, from $37.2 million, or $5.07/share, in Q2 2022 Adjusted EBITDA decreased to $9.2 million from $21.0 million in Q2 2022CLEVELAND, Aug. 2, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three and six months ended June 30, 2023. Comparisons in this news release are to the three months ended June 3
First Quarter 2023 NACCO Consolidated Highlights: Consolidated operating profit decreased to $1.8 million from $14.9 million in Q1 2022 mainly due to lower earnings at the Coal Mining and Minerals Management segmentsConsolidated net income decreased to $5.7 million, or $0.76/share, versus $12.6 million, or $1.72/share, in Q1 2022 EBITDA decreased to $10.8 million from $21.4 million in Q1 2022CLEVELAND, May 3, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months ended March 31, 2023. Comparisons in this news release are to the three months ended March 31, 2022, unless otherwise noted. Three Months Ended ($ in thousands except
NACCO Consolidated Highlights: Q4 2022 consolidated operating profit increased to $15.5 million, up 43.7% over Q4 2021 Q4 2022 consolidated net income increased to $13.8 million, or $1.84/share, up from $7.8 million, or $1.07/share, in Q4 2021 Q4 2022 EBITDA increased to $23.6 million, up 32.9% over Q4 2021FY 2022 consolidated net income increased to $74.2 million, or $10.06/share, up from $48.1 million, or $6.69/shareFY 2022 Adjusted EBITDA, which excludes impairments and contract termination income, increased 24.4% from 2021 to $88.2 million CLEVELAND, March 15, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced the following consolidated results for the three months and year
CLEVELAND, Nov. 2, 2022 /PRNewswire/ -- Third Quarter NACCO Consolidated Highlights:Consolidated operating profit of $9.8 million versus $27.6 million in Q3 2021 - Q3 2022 includes non-cash asset impairment charge of $3.9 million and voluntary retirement program charge of $0.8 million - Q3 2021 included $10.3 million Bisti Fuels contract termination feeConsolidated net income decreased to $10.6 million, or $1.45/share, versus $24.8 million, or $3.47/share, in Q3 2021 Adjusted EBITDA decreased to $22.1 million, down 5.0% from Q3 2021NACCO Industries® (NYSE:NC) today announced consolidated operating profit of $9.8 million and net income of $10.6 million, or $1.45 per diluted share, f
Second Quarter NACCO Consolidated Highlights: Income before income tax increased to $45.1 million, up from $9.4 million in Q2 2021 primarily due to receipt of $30.9 million of contract termination settlement assets and significantly improved earnings in the Minerals Management segmentNet income increased to $37.2 million, up from $6.5 million in Q2 2021Adjusted EBITDA increased to $21.0 million, up 37.0% from Q2 2021Diluted earnings per share increased to $5.07/share from $0.91/share in Q2 2021CLEVELAND, Aug. 3, 2022 /PRNewswire/ -- NACCO Industries® (NYSE:NC) today announced consolidated operating profit of $29.7 million and net income of $37.2 million, or $5.07 per diluted share, for the s