---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-115091"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:43:08.727910+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lithium Americas posts FY2025 net loss $86.3M; Thacker Pass construction advancing with $1.3-1.6B 2026 capex guidance

## Summary
- Net loss of $86.3M ($0.50 diluted EPS) vs $42.6M ($0.21) in 2024; operating expenses $52.8M up from $28.3M.
- Total cash and restricted cash $905.6M at Dec 31, 2025, up from $594.2M; received $435M DOE loan advance in Oct 2025 and $432M in Feb 2026.
- Cumulative capex at Thacker Pass $982.8M; 2026 capex guidance $1.3-1.6B; mechanical completion for Phase 1 targeted late 2027.
- Sold 68.2M shares via ATM in 2025 for net $401.2M at avg $5.98; additional 32.5M shares sold post-year-end for net $189.7M at avg $5.92.
- Construction: 93% engineering complete, 60% procurement, ~950 personnel on site, targeting ~1,800 by late 2026.

## SEC filing metadata
- accession: 0001193125-26-115091
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312526115091/0001193125-26-115091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312526115091/lac-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-115091
- JSON: https://secwatch.observer/filing/0001193125-26-115091.json
- Plain text: https://secwatch.observer/filing/0001193125-26-115091.txt

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