Lithium Americas Corp (LAC) Financials
TSX: LAC · Lithium · Development stage
- Market cap$999.9M
- Share price$2.65
- 52-week range$2.60 – $9.47
- Shares outstanding377,334,749
- ExchangeTSX
- Websitelithiumamericas.com
Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion. The DOE holds the LAC Warrant to purchase common shares equivalent to a 5% equity stake of the Company as of January 30, 2026 (the ' Issuance Date ') and the JV Warrant to purchase a non-voting, non-transferable equity interest in the JV equivalent to a 5% interest as of the Issuance Date. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.
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Lithium Americas Corp financial statements
Key figures read from 14 of 15 financial statement filings, Nov 9, 2023 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$568,226 | US$593,885 | US$195,516 | US$636 | US$933 |
| Total current assets | US$911,639* | US$602,463* | US$233,617 | US$25,901 | US$9,041 |
| Total current liabilities | — | — | US$24,563 | US$54,209 | US$4,517 |
| Working capital | — | — | US$209,054 | (US$28,308) | US$4,524 |
| Exploration and evaluation assets | — | — | US$770 | US$9,514 | US$5,747 |
| Property, plant and equipment | — | — | US$206,082 | US$3,936 | US$3,294 |
| Total assets | US$2,579,048 | US$1,044,944 | US$439,500 | US$27,838 | US$10,852 |
| Debt | US$511,004 | US$0 | US$0 | US$43,572 | US$40,000 |
| Total liabilities | — | — | US$32,038 | US$62,255 | US$52,538 |
| Shareholders' equity | — | — | US$407,462 | (US$34,417) | (US$41,686) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$19) | (US$202) | (US$3,763) | (US$47,275) | (US$36,113) |
| General and administrative | (US$52,822) | (US$28,096) | (US$16,274) | (US$9,545) | (US$5,116) |
| Net income (loss) | (US$86,262) | (US$42,633) | (US$3,934) | (US$67,798) | (US$47,026) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|---|
| Operating cash flow | (US$61,222) | (US$13,013) | (US$39,526) | (US$51,995) |
| Investing cash flow | (US$765,044) | (US$177,693) | (US$188,944) | (US$20,640) |
| Financing cash flow | US$1,137,702 | US$589,075 | US$423,638 | US$72,338 |
| Exploration spending (capitalized) | (US$765,044) | (US$177,693) | (US$188,944) | (US$4,120) |
| Property, plant and equipment spending | — | — | — | (US$1,505) |
| Change in cash | US$311,436 | US$398,369 | US$195,168 | (US$297) |
| Cash at end of period | US$905,609 | US$594,173 | US$195,804 | US$636 |
No financings are on record for Lithium Americas Corp yet.