Lithium Americas reports Q3 net loss $223.9M; receives $435M DOE loan drawdown

LITHIUM AMERICAS CORP.

2025-Q3 EPS reported -$0.98 vs consensus -$0.04 ▼ miss (-2238.9%)

Nine-month net loss $223.9M ($0.98 per share) from non-cash embedded derivative loss; opex $24.1M.
Received first $435M DOE loan drawdown; total loan $2.23B at 0% spread over UST, ~23-year term.
Raised ~$335M via three ATM programs; $97.5M Orion notes converted into 25.79M shares.
Thacker Pass: 80% engineering complete, 700 workers on site, mechanical completion target late 2027.
DOE amended loan: deferred $184M debt service first 5 years, warrants for 5% LAC and JV equity.

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