Lithium Americas Q2 net loss $24.8M; Thacker Pass Phase 1 on track for late 2027

LITHIUM AMERICAS CORP.

2025-Q2 EPS reported -$0.11 vs consensus -$0.04 ▼ miss (-210.7%)

Net loss for six months ended June 30, 2025 was $24.8M ($0.11 loss per share), up from $12.8M in 2024 due to transaction costs.
Cash and restricted cash $509.1M as of June 30, 2025; $220M Orion investment closed, GM contributed $100M to JV.
Thacker Pass construction: 300 workers on site, first steel installation in Sept 2025, Phase 1 mechanical completion target late 2027.
Engineering 70% design complete; $425M committed in purchase agreements; DOE loan first draw expected H2 2025.
ATM program raised $8.5M in Q2, additional $55.1M post-quarter at avg $3.11/share.

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