Equity Stake DilutionLithium Americas Corp's joint venture stake will lower from 62% to 59% due to DOE receiving a 5% equity stake via low-cost warrants.
Tariffs And Cost InflationApproximately 25% of LAC's $2.93B capital cost estimate is likely to be impacted by tariffs, potentially increasing costs beyond the expected 10% capex inflation.
Valuation And Risk ConcernsThere are concerns about valuation and risk/reward due to lithium price levels, capital budgets, timelines, and staffing risks.