---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-278745"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:38:30.815514+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-278745
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312525278745/0001193125-25-278745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312525278745/lac-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-278745
- JSON: https://secwatch.observer/filing/0001193125-25-278745.json
- Plain text: https://secwatch.observer/filing/0001193125-25-278745.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.