Lithium Americas Advances Thacker Pass Project

Lithium Americas Corp. ( (LAC) ) has released its Q1 earnings. Here is a breakdown of the information Lithium Americas Corp. presented to its investors.

Lithium Americas Corp. is a company focused on the development of lithium projects, primarily operating in the mining sector with a significant project in Thacker Pass, Nevada, which is set to become one of North America’s largest lithium operations.

In its first quarter of 2025, Lithium Americas reported significant progress on its Thacker Pass project, including the commencement of major construction and achieving a key construction milestone with the placement of permanent concrete. The company also secured a strategic investment from Orion Resource Partners, ensuring full funding for the first phase of the project.

Key financial highlights for the quarter include a cash position of $446.9 million and capitalized construction costs of $78.2 million. The company also closed a $250 million investment from Orion Resource Partners and announced a final investment decision with General Motors for the project’s first phase. Additionally, the company plans to draw from a $2.26 billion loan from the U.S. Department of Energy in the third quarter of 2025.

The Thacker Pass project is on track with engineering and procurement efforts, targeting completion of its first phase by late 2027. The company is also advancing infrastructure developments, including workforce housing and a limestone quarry to support its operations.

Looking ahead, Lithium Americas remains focused on advancing the Thacker Pass project, with management expressing confidence in meeting construction timelines and managing potential trade and tariff challenges. The company is poised to play a significant role in the lithium supply chain, supporting the growing electric vehicle market.