LAC Chart
About

Lithium Americas Corp. focuses on developing, building, and operating of lithium deposits and chemical processing facilities in the United States and Canada. Its flagship asset is the Thacker Pass project located in the McDermitt Caldera in Humboldt County, northern Nevada, as well as invests in exploration properties in the United States and Canada. The company was incorporated in 2023 and is headquartered in Vancouver, Canada.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Other Industrial Metals Market Cap 1.60B
Enterprise Value 1.97B Income -242.01M Sales —
Book/sh 1.96 Cash/sh 1.27 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -14.07 PEG —
P/S — P/B 2.68 P/C —
EV/EBITDA -58.01 EV/Sales — Quick Ratio 3.76
Current Ratio 3.77 Debt/Eq 45.23 LT Debt/Eq —
EPS (ttm) -1.08 EPS next Y -0.37 EPS Growth —
Revenue Growth — Earnings 2026-03-27 ROA -1.99%
ROE -32.03% ROIC — Gross Margin 0.00%
Oper. Margin 0.00% Profit Margin 0.00% Shs Outstand 303.49M
Shs Float 278.56M Short Float 7.12% Short Ratio 1.11
Short Interest — 52W High 10.52 52W Low 2.31
Beta 3.42 Avg Volume 14.25M Volume 4.60M
Target Price $6.42 Recom Hold Prev Close $5.04
Price $5.26 Change 4.45%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.42
Mean price target
2. Current target
$5.22
Latest analyst target
3. DCF / Fair value
$-31.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.22
Low
$5.00
High
$8.00
Mean
$6.42

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-12 main Scotiabank Sector Perform → Sector Perform $7
2025-11-13 up Scotiabank Sector Underperform → Sector Perform —
2025-11-06 up JP Morgan Underweight → Neutral $5
2025-10-16 down JP Morgan Neutral → Underweight $5
2025-10-06 down Scotiabank Sector Perform → Sector Underperform $5
2025-10-02 main BMO Capital Market Perform → Market Perform $5
2025-10-01 main Wedbush Neutral → Neutral $8
2025-09-25 down TD Cowen Buy → Hold $5
2025-09-24 main Jefferies Buy → Buy $7
2025-05-16 reit Wedbush Neutral → Neutral $5
2025-03-31 main Scotiabank Sector Perform → Sector Perform $3
2025-01-07 main Piper Sandler Neutral → Neutral $4
2024-12-19 init Wedbush — → Neutral $5
2024-11-12 main B. Riley Securities Buy → Buy $5
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 7836 — — CROWLEY TIMOTHY AMBROSE Officer — 2026-02-09 00:00:00 D nan
1 8707 — — GRANDY EDWARD General Counsel — 2026-02-09 00:00:00 D nan
2 31647 — Stock Award(Grant) at price 0.00 per share. ZAWADZKI ALEXI ILLYA Officer — 2026-01-29 00:00:00 D —
3 28149 — Conversion of Exercise of derivative security at price 5.43 per share. ZAWADZKI ALEXI ILLYA Officer — 2026-01-29 00:00:00 D 152849.0
4 25490 — Stock Award(Grant) at price 0.00 per share. CROWLEY TIMOTHY AMBROSE Officer — 2026-01-29 00:00:00 D —
5 25613 — Stock Award(Grant) at price 0.00 per share. BARNUM AUBREE Officer — 2026-01-29 00:00:00 D —
6 33655 — Stock Award(Grant) at price 0.00 per share. GRANDY EDWARD General Counsel — 2026-01-29 00:00:00 D —
7 44434 — Stock Award(Grant) at price 0.00 per share. GERSPACHER RICHARD Officer — 2026-01-29 00:00:00 D —
8 37554 — Stock Award(Grant) at price 0.00 per share. COLTON LUKE Chief Financial Officer — 2026-01-29 00:00:00 D —
9 51838 — — EVANS JONATHAN DAVID Chief Executive Officer — 2026-01-23 00:00:00 D nan
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-12.77M-24.90M-60.12M-44.13M
TotalUnusualItems-28.88M21.02M-2.56M0.00
TotalUnusualItemsExcludingGoodwill-28.88M21.02M-2.56M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-42.53M-5.09M-67.80M-47.15M
ReconciledDepreciation992.00K827.00K1.52M658.00K
ReconciledCostOfRevenue46.00K158.00K170.00K134.00K
EBITDA-41.64M-3.88M-62.69M-44.13M
EBIT-42.63M-4.71M-64.21M-44.79M
NetInterestIncome14.74M2.57M-4.38M-2.65M
InterestExpense0.00377.00K3.59M2.36M
InterestIncome14.74M2.94M0.000.00
NormalizedIncome-13.65M-26.10M-65.23M-47.15M
NetIncomeFromContinuingAndDiscontinuedOperation-42.53M-5.09M-67.80M-47.03M
TotalExpenses28.30M28.75M60.86M44.49M
DilutedAverageShares200.82M160.36M142.85M142.85M
BasicAverageShares200.82M160.36M142.85M142.85M
DilutedEPS-0.21-0.03-0.47-0.33
BasicEPS-0.21-0.03-0.47-0.33
DilutedNIAvailtoComStockholders-42.53M-5.09M-67.80M-47.03M
NetIncomeCommonStockholders-42.53M-5.09M-67.80M-47.03M
NetIncome-42.53M-5.09M-67.80M-47.03M
MinorityInterests105.00K0.00
NetIncomeIncludingNoncontrollingInterests-42.63M-5.09M-67.80M-47.03M
NetIncomeDiscontinuousOperations0.000.00122.00K
NetIncomeContinuousOperations-42.63M-5.09M-67.80M-47.15M
PretaxIncome-42.63M-5.09M-67.80M-47.15M
OtherIncomeExpense-29.07M21.09M-2.56M-2.00K
OtherNonOperatingIncomeExpenses-197.00K78.00K15.00K-2.00K
SpecialIncomeCharges-22.21M-10.54M0.000.00
ImpairmentOfCapitalAssets353.00K0.00
RestructuringAndMergernAcquisition22.21M10.54M0.000.00
GainOnSaleOfSecurity-6.66M31.56M-2.56M
NetNonOperatingInterestIncomeExpense14.74M2.57M-4.38M-2.65M
TotalOtherFinanceCost-31.00K786.00K294.00K
InterestExpenseNonOperating0.00377.00K3.59M2.36M
InterestIncomeNonOperating14.74M2.94M0.000.00
OperatingIncome-28.30M-28.75M-60.86M-44.49M
OperatingExpense28.25M28.59M60.69M44.36M
OtherOperatingExpenses202.00K4.15M47.27M36.11M
DepreciationAmortizationDepletionIncomeStatement166.00K170.00K134.00K
DepletionIncomeStatement166.00K170.00K134.00K
DepreciationAndAmortizationInIncomeStatement196.00K1.52M658.00K
DepreciationIncomeStatement196.00K1.52M658.00K
SellingGeneralAndAdministration28.05M24.45M13.41M8.25M
GeneralAndAdministrativeExpense28.05M24.45M13.41M8.25M
OtherGandA10.32M8.98M5.89M2.87M
SalariesAndWages17.73M15.47M7.52M5.37M
GrossProfit-46.00K-158.00K-170.00K-134.00K
CostOfRevenue46.00K158.00K170.00K134.00K
TotalRevenue0.000.000.000.00
OperatingRevenue0.000.000.000.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber218.47M161.78M160.05M160.05M
ShareIssued218.47M161.78M160.05M160.05M
NetDebt42.94M39.07M
TotalDebt22.64M3.89M45.19M41.76M
TangibleBookValue635.00M384.93M-34.42M-41.69M
InvestedCapital635.00M384.93M9.15M-1.69M
WorkingCapital543.89M181.30M-52.27M-2.71M
NetTangibleAssets635.00M384.93M-34.42M-41.69M
CapitalLeaseObligations22.64M3.89M1.62M1.75M
CommonStockEquity635.00M384.93M-34.42M-41.69M
TotalCapitalization635.00M384.93M-34.42M-1.69M
TotalEquityGrossMinorityInterest945.34M384.93M-34.42M-41.69M
MinorityInterest310.34M0.00
StockholdersEquity635.00M384.93M-34.42M-41.69M
RetainedEarnings-55.68M-13.15M-260.43M-192.63M
AdditionalPaidInCapital35.62M15.02M226.01M150.94M
CapitalStock655.07M383.06M0.000.00
CommonStock655.07M383.06M0.000.00
TotalLiabilitiesNetMinorityInterest99.60M51.96M62.26M52.54M
TotalNonCurrentLiabilitiesNetMinorityInterest41.32M27.38M8.05M48.02M
OtherNonCurrentLiabilities20.71M20.75M478.00K326.00K
NonCurrentDeferredLiabilities3.50M3.50M5.95M5.94M
NonCurrentDeferredRevenue3.50M3.50M5.95M5.94M
LongTermDebtAndCapitalLeaseObligation16.82M3.02M1.62M41.76M
LongTermCapitalLeaseObligation16.82M3.02M1.62M1.75M
LongTermDebt40.00M
LongTermProvisions288.00K112.00K478.00K326.00K
CurrentLiabilities58.28M24.59M54.21M4.52M
OtherCurrentLiabilities348.00K724.00K303.00K
CurrentDebtAndCapitalLeaseObligation5.82M878.00K43.57M
CurrentCapitalLeaseObligation5.82M878.00K
CurrentDebt43.57M
OtherCurrentBorrowings43.57M
PensionandOtherPostRetirementBenefitPlansCurrent8.14M6.88M
PayablesAndAccruedExpenses44.32M16.48M9.91M4.21M
CurrentAccruedExpenses43.62M11.88M
Payables700.00K4.59M9.91M4.21M
AccountsPayable700.00K4.59M9.91M4.21M
TotalAssets1.04B436.89M27.84M10.85M
TotalNonCurrentAssets442.77M231.01M25.90M9.04M
OtherNonCurrentAssets288.00K288.00K
NonCurrentPrepaidAssets0.002.46M
NonCurrentDeferredAssets11.53M0.00
InvestmentsAndAdvances4.15M11.16M12.45M0.00
OtherInvestments3.62M8.58M5.00M0.00
InvestmentinFinancialAssets8.58M5.00M0.00
AvailableForSaleSecurities8.58M5.00M
LongTermEquityInvestment537.00K2.58M7.45M0.00
InvestmentsInOtherVenturesUnderEquityMethod537.00K2.58M7.45M0.00
NetPPE426.80M217.10M13.45M9.04M
AccumulatedDepreciation-3.71M-2.25M-2.88M-1.36M
GrossPPE430.51M219.35M16.33M10.40M
ConstructionInProgress24.39M12.86M0.000.00
OtherProperties24.52M4.81M4.08M3.18M
MachineryFurnitureEquipment2.64M2.62M2.74M1.48M
CurrentAssets602.17M205.88M1.94M1.81M
PrepaidAssets7.73M5.87M1.30M754.00K
Receivables557.00K4.49M3.00K124.00K
OtherReceivables163.00K
DuefromRelatedPartiesCurrent2.92M3.00K124.00K
AccruedInterestReceivable394.00K1.57M0.000.00
AccountsReceivable0.002.92M3.00K124.00K
CashCashEquivalentsAndShortTermInvestments593.88M195.52M636.00K933.00K
CashAndCashEquivalents593.88M195.52M636.00K933.00K
CashEquivalents0.00183.47M0.000.00
CashFinancial593.88M12.05M636.00K933.00K
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-190.71M-228.47M-57.62M-44.87M
RepaymentOfDebt-836.00K-34.00K-374.00K-263.00K
IssuanceOfDebt320.15M0.0023.51M
IssuanceOfCapitalStock262.15M320.15M72.71M20.11M
CapitalExpenditure-177.69M-188.94M-5.62M-1.93M
InterestPaidSupplementalData268.00K168.00K
EndCashPosition594.17M195.80M636.00K933.00K
BeginningCashPosition195.80M636.00K933.00K512.00K
ChangesInCash398.37M195.17M-297.00K421.00K
FinancingCashFlow589.08M423.64M72.34M41.11M
CashFromDiscontinuedFinancingActivities0.000.00
CashFlowFromContinuingFinancingActivities589.08M423.64M72.34M41.11M
NetOtherFinancingCharges327.76M103.52M72.34M761.00K
InterestPaidCFF0.000.00-3.02M
CashDividendsPaid0.000.000.00
NetCommonStockIssuance262.15M320.15M72.71M20.11M
CommonStockIssuance262.15M320.15M72.71M20.11M
NetIssuancePaymentsOfDebt-836.00K-34.00K-374.00K23.25M
NetShortTermDebtIssuance303.17M0.000.00
ShortTermDebtPayments-16.98M0.000.00
ShortTermDebtIssuance320.15M0.000.00
NetLongTermDebtIssuance-836.00K-34.00K-374.00K23.25M
LongTermDebtPayments-836.00K-34.00K-374.00K-263.00K
LongTermDebtIssuance0.000.0023.51M
InvestingCashFlow-177.69M-188.94M-20.64M2.25M
CashFlowFromContinuingInvestingActivities-177.69M-188.94M-20.64M2.25M
NetOtherInvestingChanges-288.00K4.18M
NetInvestmentPurchaseAndSale0.00-15.02M0.00
PurchaseOfInvestment0.00-15.02M0.00
NetPPEPurchaseAndSale-177.69M-188.94M-5.62M-1.93M
PurchaseOfPPE-177.69M-188.94M-5.62M-1.93M
OperatingCashFlow-13.01M-39.53M-51.99M-42.94M
CashFromDiscontinuedOperatingActivities0.000.00-511.00K
CashFlowFromContinuingOperatingActivities-13.01M-39.53M-51.99M-42.43M
ChangeInWorkingCapital17.64M-8.33M8.85M2.03M
ChangeInPayablesAndAccruedExpense13.61M-3.42M9.27M2.55M
ChangeInAccruedExpense13.63M-2.11M
ChangeInPayable-22.00K-1.31M9.27M2.55M
ChangeInAccountPayable-22.00K-1.31M9.27M2.55M
ChangeInPrepaidAssets301.00K-643.00K
ChangeInReceivables3.73M-4.26M-423.00K-525.00K
ChangesInAccountReceivables-423.00K-525.00K
OtherNonCashItems-837.00K-957.00K516.00K119.00K
StockBasedCompensation5.17M5.58M2.35M1.80M
UnrealizedGainLossOnInvestmentSecurities-31.56M2.56M0.00
DepreciationAmortizationDepletion992.00K827.00K1.52M658.00K
DepreciationAndAmortization992.00K827.00K1.52M658.00K
Depreciation992.00K827.00K1.52M658.00K
OperatingGainsLosses6.66M-31.56M
GainLossOnInvestmentSecurities6.66M-31.56M
NetIncomeFromContinuingOperations-42.63M-5.09M-67.80M-47.03M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LAC
Date User Asset Broker Type Position Size Entry Price Patterns