L
Lithium Americas Corp D
D
LAC
4.64000
USD
0.08
(1.75%)
Market Closed
Volume
435,269
EPS
-0
Div Yield
-
P/E
-4
Market Cap
1,408,185,656
Title: Lithium Americas Corp
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Lithium Americas is a pure-play lithium producer. Following a deal with the US government, the firm will own 59% of one resource, Thacker Pass, which is located in northwest Nevada, with automaker General Motors owning 36% and the US government owning 5%. Thacker Pass is under construction and expected to begin production in 2028. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemicalmarket.