Lithium Americas Reports Q2 2025 EPS Miss, Revenue Details Unavailable; $574.1M in Construction Costs for Thacker Pass Project

Lithium Americas Corp reported a Q2 2025 net loss of $24.8 million, missing estimates. The company's Thacker Pass project in Nevada is expected to commence production in 2028, aiming to become a fully integrated lithium production site. Despite financial challenges, significant progress was made at the project, with $574.1 million in construction capital costs and other project-related expenses capitalized. The company held $509.1 million in cash and restricted cash as of June 30, 2025, and closed a strategic investment from Orion Resource Partners, receiving $220 million in cash.

VANCOUVER, British Columbia — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) reported a net loss of $24.8 million for the second quarter of 2025, missing analysts' estimates. The company's Thacker Pass project in Nevada, which aims to become a fully integrated lithium production site, continues to make significant progress despite financial challenges.

As of June 30, 2025, Lithium Americas had $509.1 million in cash and restricted cash. The company closed a strategic investment from Orion Resource Partners, receiving $220 million in cash. This investment, along with other capital contributions, has allowed the company to capitalize $574.1 million in construction capital costs and other project-related expenses.

The Thacker Pass project, which is expected to commence production in 2028, has seen notable progress. The company has over 300 workers on site, with plans to increase this number to approximately 1,000 by year-end 2025. Permanent concrete foundations and facility entrances have been placed, and the first shipment of steel arrived in Winnemucca in late July, with first steel installation targeted for September 2025. The project's detailed engineering is approximately 70% design complete and expected to increase to over 90% by year-end 2025.

Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

References:
[1] https://www.stocktitan.net/news/LAC/lithium-americas-reports-second-quarter-2025-y1puusz7m4ot.html