The latest update is out from Lithium Americas Corp. ( (TSE:LAC) ).
On April 1, 2025, Lithium Americas Corp. finalized a $250 million investment agreement with Orion Resource Partners to support the development of Phase 1 of the Thacker Pass lithium project in Nevada. This investment, which includes a $195 million convertible note and a $25 million production payment agreement, ensures that the project is fully funded for its construction phase, targeted for completion in late 2027. The company also announced a final investment decision for Phase 1 with General Motors, its joint venture partner, marking a significant milestone in establishing a domestic lithium supply chain.
Spark’s Take on TSE:LAC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LAC is a Underperform.
Lithium Americas Corp. is facing substantial financial and operational challenges, with persistent losses and negative cash flows weighing heavily on its prospects. Despite strategic funding for the Thacker Pass project, the negative market momentum and valuation concerns contribute to a low overall stock score, reflecting the high risks associated with the company’s current financial state.
To see Spark’s full report on TSE:LAC stock, click here.
More about Lithium Americas Corp.
Lithium Americas Corp. operates in the lithium industry, focusing on the development and production of lithium resources. The company is primarily engaged in advancing the Thacker Pass project in Nevada, which is the largest known measured lithium resource in the world. Lithium Americas is committed to creating a U.S.-produced lithium supply chain to reduce dependence on foreign suppliers.
YTD Price Performance: -16.34%
Average Trading Volume: 4,562,897
Technical Sentiment Signal: Strong Buy
Current Market Cap: $557.7M
For an in-depth examination of LAC stock, go to TipRanks’ Stock Analysis page.