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Lithium Americas Sets $1.3–$1.6 Billion 2026 Capex as Thacker Pass Construction Advances

Story Highlights
  • Lithium Americas advanced Phase 1 construction at Thacker Pass in 2025, achieving major engineering, procurement and safety milestones.
  • The company set 2026 Capex at $1.3–$1.6 billion and expanded its readiness team to support Thacker Pass commissioning and late-2027 startup.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lithium Americas Sets $1.3–$1.6 Billion 2026 Capex as Thacker Pass Construction Advances

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An announcement from Lithium Americas Corp. ( (TSE:LAC) ) is now available.

Lithium Americas reported steady progress on Phase 1 construction at its Thacker Pass lithium project in Nevada, with detailed engineering 93% complete and procurement 60% complete as of year-end 2025. On-site workforce reached about 950 people, safety performance remained strong with no serious injuries, and key processing facilities and long-lead equipment moved into active build-out, while a workforce hub ramped up to nearly 700 residents.

To support continued build-out, the company issued 2026 capital expenditure guidance of $1.3 billion to $1.6 billion for Thacker Pass Phase 1, including major construction spending and capitalized interest on a federal loan. Lithium Americas is expanding its operations and business readiness team to manage commissioning and ramp-up, with first production targeted for late 2027, reinforcing its role in developing a secure North American lithium supply chain amid improving market conditions.

The most recent analyst rating on (TSE:LAC) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.

Spark’s Take on TSE:LAC Stock

According to Spark, TipRanks’ AI Analyst, TSE:LAC is a Neutral.

The score is held back mainly by weak financial performance (large losses and significant cash burn, alongside rising debt). Technicals provide support with an above-average uptrend and positive momentum, while valuation is constrained by ongoing losses (negative P/E) and no dividend yield data.

To see Spark’s full report on TSE:LAC stock, click here.

More about Lithium Americas Corp.

Lithium Americas Corp. is a North America-focused lithium developer advancing the Thacker Pass project in Humboldt County, Nevada. The company aims to produce battery-grade lithium chemicals to support the growing electric vehicle and energy storage markets, positioning itself as a strategic supplier within the emerging U.S. energy transition supply chain.

Average Trading Volume: 1,623,544

Technical Sentiment Signal: Buy

Current Market Cap: C$1.74B

See more data about LAC stock on TipRanks’ Stock Analysis page.

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