Lithium Americas reports FY2024 net loss of $42.6M; Thacker Pass construction on track for late 2027

LITHIUM AMERICAS CORP.

Net loss of $42.6M ($0.21 per share) vs $5.1M in 2023; operating expenses $28.3M.
Cash & equivalents $594.2M, up from $195.8M; total assets $1,044.9M.
Thacker Pass Phase 1 engineering >55% complete; first concrete targeted May 2025, production late 2027.
Funding secured: $2.26B DOE loan, $625M GM JV, $250M Orion; fully funded for Phase 1 construction.
Capitalized $179.9M in construction costs; 14.3 Mt LCE reserve supports 85-year mine life.

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