secwatch.observer — SEC 8-K summary
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Issuer:     LITHIUM AMERICAS CORP. (LAC)
CIK:        0001966983
Form:       8-K
Filed at:   2026-05-14T11:00:16+00:00
Accession:  0001193125-26-222734
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526222734/0001193125-26-222734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1966983/000119312526222734/lac-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-222734

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