LITHIUM AMERICAS CORP.
Business
Lithium Americas Corp. is a Canadian resource company focused on developing, building, and operating lithium deposits and chemical processing facilities. The company's flagship asset is Thacker Pass, a sedimentary lithium deposit in Nevada designed to produce battery-grade lithium carbonate in multiple phases at full capacity. Thacker Pass is owned through a joint venture with General Motors, with Phase 1 construction underway targeting mechanical completion in late 2027. The company also holds investments in exploration properties and lithium technology companies.
Summary from 10-K filed 2026-03-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Exploration expenditures | −19,000 | −202,000 | −4 | |
| General and administrative expenses (Note 15) | −53 | −28 | −25 | |
| Total operating expenses | −53 | −28 | −29 | |
| Transaction costs (Note 16) | −32 | −22 | −11 | |
| Gain on LAC and JV warrant obligations (Note 3) | 160 | 0 | — | |
| Loss on convertible debt and conversion feature (Note 11) | −171 | 0 | — | |
| Gain/(loss) on investments measured at fair value (Note 6) | 711,000 | −7 | 32 | |
| Other income | 9 | 15 | 3 | |
| Total other expense | −33 | −14 | 24 | |
| Net loss | −86 | −43 | −5 | |
| Common stockholders | −122 | −43 | −5 | |
| Non-controlling interest | 36 | −105,000 | 0 | |
| Net loss per share attributable to common stockholders, basic (Note 13) | −0.5 | −0.21 | −0.03 | |
| Net loss per share attributable to common stockholders, diluted (Note 13) | −0.5 | −0.21 | −0.03 | |
| Weighted average number of common shares outstanding, basic | 244 | 201 | 160 | |
| Weighted average number of common shares outstanding, diluted | 244 | 201 | 160 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|
| Cash (Note 5) | 568 | — | 594 | 196 | |
| Restricted cash (Note 5) | 337 | — | 288,000 | — | |
| Receivables | 4 | — | 557,000 | 4 | |
| Prepaids and deposits | 2 | — | 8 | 6 | |
| Total current assets | 912 | — | 602 | 206 | |
| Investments measured at fair value (Note 6) | 5 | — | 4 | 11 | |
| Mineral properties, plant and equipment, net (Note 7) | 1,344 | — | 399 | 201 | |
| Deferred financing costs (Note 3) | 312 | — | 12 | 0 | |
| Other assets (Note 8) | 7 | — | 28 | 19 | |
| Total assets | 2,579 | — | 1,045 | 437 | |
| Accounts payable | 88 | — | 700,000 | 5 | |
| Accrued liabilities (Note 9) | 83 | — | 52 | 19 | |
| Current portion of lease liabilities (Note 10) | 6 | — | 6 | 878,000 | |
| Total current liabilities | 177 | — | 58 | 25 | |
| Convertible debt and conversion feature (Note 11) | 160 | — | 0 | — | |
| Warrant obligation (Note 3) | 234 | 394 | — | — | |
| DOE Loan (Note 3) | 351 | — | 0 | — | |
| Royalty and production payment arrangements (Note 11) | 51 | — | 21 | 21 | |
| Lease liabilities (Note 10) | 16 | — | 17 | 3 | |
| Reclamation liabilities | 473,000 | — | 288,000 | 112,000 | |
| Other liabilities (Note 10) | 4 | — | 4 | 4 | |
| Total liabilities | 992 | — | 100 | 52 | |
| Commitments (Note 21) | — | — | — | — | |
| Non-controlling interest (Note 4) | 528 | — | 310 | 0 | |
| Common stock, no par value, unlimited authorized; 314,335 and 218,465 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively (Note 12) | 1,280 | — | 655 | 383 | |
| Additional paid-in capital | 0 | — | 36 | 15 | |
| Accumulated deficit | −221 | — | −56 | −13 | |
| Total stockholders' equity | 1,059 | — | 635 | 385 | |
| Total liabilities, non-controlling interest and stockholders' equity | 2,579 | — | 1,045 | 437 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation | 46,000 | 46,000 | 135,000 | |
| Stock-based compensation (Note 12) | 6 | 5 | 6 | |
| Amortization of right-of-use asset | 1 | 946,000 | 692,000 | |
| Other items | 2 | 36,000 | −269,000 | |
| (Increase)/decrease in receivables | −1 | 4 | −4 | |
| Decrease in prepaids and deposits | 127,000 | 301,000 | −643,000 | |
| Increase/(decrease) in accounts payable | 14 | −22,000 | −1 | |
| Increase/(decrease) in accrued liabilities | −7 | 14 | −2 | |
| Operating lease payments, net of non-cash interest accrual | −932,000 | −873,000 | −688,000 | |
| Net cash used in operating activities | −61 | −13 | −40 | |
| Additions to mineral properties, plant and equipment | −765 | −178 | −189 | |
| Net cash used in investing activities | −765 | −178 | −189 | |
| Proceeds from convertible debt and production payment arrangements, net of issuance and transaction costs (Note 11) | 212 | 0 | — | |
| Proceeds from issuance of non-controlling interest (Note 4) | 100 | 330 | 0 | |
| Proceeds from public offerings, net of issuance costs (Note 12) | 401 | 262 | — | |
| Proceeds from DOE Loan (Note 3) | 435 | 0 | — | |
| Deferred financing costs | −5 | −2 | 0 | |
| Principal payments on finance lease obligations | −5 | −836,000 | −34,000 | |
| Net cash provided by financing activities | 1,138 | 589 | 424 | |
| Net increase in cash and restricted cash | 311 | 398 | 195 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LITHIUM AMERICAS CORP.'s CIK number?
LITHIUM AMERICAS CORP.'s SEC CIK number is 0001966983 (1966983). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LITHIUM AMERICAS CORP.'s SEC filings?
All of LITHIUM AMERICAS CORP.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LITHIUM AMERICAS CORP. last report earnings?
LITHIUM AMERICAS CORP. (LAC) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-222734). This is LITHIUM AMERICAS CORP.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is LITHIUM AMERICAS CORP.'s most recent earnings 8-K?
LITHIUM AMERICAS CORP.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001193125-26-222734. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LITHIUM AMERICAS CORP.'s latest earnings 8-K →
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