---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-222734"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2026-05-14T11:00:16+00:00"
generated_at: "2026-05-14T11:12:49.225087+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lithium Americas Q1 net income $4.6M; Thacker Pass on track for late 2027 completion

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-222734
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2026-05-14T11:00:16+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312526222734/0001193125-26-222734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312526222734/lac-20260514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-222734
- JSON: https://secwatch.observer/filing/0001193125-26-222734.json
- Plain text: https://secwatch.observer/filing/0001193125-26-222734.txt

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