secwatch.observer — SEC 8-K summary
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Issuer:     LITHIUM AMERICAS CORP. (LAC)
CIK:        0001966983
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001193125-26-115091
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526115091/0001193125-26-115091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526115091/lac-20260319.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-115091

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