earnings
confidence high
sentiment neutral
materiality 0.65
Lithium Americas Q1 net income $4.6M; Thacker Pass on track for late 2027 completion
LITHIUM AMERICAS CORP.
2026-Q1 EPS reported
$0.00
- Net income of $4.6M vs net loss of $11.5M in Q1 2025, largely due to non-cash gain on embedded derivative.
- Cash and restricted cash $1.207B as of March 31, 2026; $529M at Thacker Pass JV level.
- Thacker Pass construction: 1,300 workers on site; FY2026 capex guidance $1.3B-$1.6B, mechanical completion late 2027.
- Tariff exposure estimated $80M-$120M; ~75% of project cost structure (labor/services) not directly affected.
- Received $432M second advance from DOE loan in February 2026; March 2026 ATM program up to $250M established.