Lithium Americas (LAC)
Developing Nevada's Thacker Pass lithium mine and processing project.
Something off on this page? Send us feedback.
Develops the Thacker Pass lithium mine and processing project in northern Nevada rather than operating a producing mine. Its single-project model is executed through a joint venture with General Motors, with financing, permits, construction and lithium-carbonate processing shaping commercial viability.
Developing rather than operating a lithium mine and processing project, the company is focused on Thacker Pass in northern Nevada. The first development phase is designed to produce battery-quality lithium carbonate, making the business a single-project U.S. developer.
A joint venture with General Motors funds, develops, constructs and will operate Thacker Pass; GM also has an offtake arrangement for the first development phase. The project is the North American business that entered the new issuer through the 2023 separation.
Execution depends on construction timing and costs, partner and project financing, permits and potential litigation, and factors affecting lithium-carbonate processing and commercial viability. The DOE loan places conditions on transfers of project assets and cash from the joint venture.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | BMO Capital | Reiterate | Rating: —Target: $5 | Target: $4 |
| Jul 1, 2026 | Goldman Sachs | Initiate | Rating: —Target: — | Target: $4.50 |
| Jan 12, 2026 | Scotiabank | Reiterate | Rating: —Target: $5 | Target: $7 |
| Nov 13, 2025 | Scotiabank | Upgrade | ||
| Nov 6, 2025 | JP Morgan | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $822.8M · Total debt $1.16B · Total assets $3.54B · Shareholders' equity $1.42B
- Revenue
- $0
- Operating income
- −$14.8M
- Net income
- $2.1M
No dividends on record.
| Institutions | ≈ 33.79% | 54.87M ADS | |
|---|---|---|---|
| 172 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.13% | 1.83M ADS | |
| 15 holders · as of Jun 29, 2026 | |||
| Strategic holders | 9.24% | 15.00M ADS | |
| 1 holder · as of Oct 16, 2025 | |||
| Other | ≈ 55.84% | 90.70M ADS | |
| remainder | |||
162.41M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (162.41M in the company's Sep 22, 2026 report, 223.28M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ganfeng Lithium Group Co., Ltd./ADRStrategic | 9.24% | 15.00M | filed Oct 16, 2025 |
Van Eck Associates CorpInstitution | 5.62% | 9.13M ADS | as of Jun 30, 2026 |
D. E. Shaw & Co., Inc.Institution | 3.61% | 5.87M ADS | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 3.46% | 5.61M ADS | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 3.08% | 5.00M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 17, 2025 | Edward Grandy | officer: Sr VP, GC & Secretary | −6,356 | $4.51 |
| Mar 20, 2026 | Michael John Brown | director | +1,000 | $3.78 |
| Nov 14, 2025 | Edward Grandy | officer: Sr VP, GC & Secretary | −6,183 | $4.50 |
| Nov 14, 2025 | Timothy Ambrose Crowley | officer: VP, Gov & External Affairs | −4,763 | $4.50 |
| Nov 14, 2025 | Richard Gerspacher | officer: EVP, Capital Projects | −6,118 | $4.50 |
- Albemarle
Global lithium producer with an operating Nevada extraction site
- SQM (ADR)
Global lithium producer with Chilean and Australian operations
- Rio Tinto (ADR)
Global miner building a large lithium portfolio through Arcadium
- Lithium Argentina
Lithium-carbonate producer operating Caucharí-Olaroz in Argentina
- ioneer (ADR)
DOE-financed Nevada lithium-boron project nearing construction
- Standard Lithium
U.S. DLE developer targeting battery-quality lithium carbonate
- American Battery Technology
Nevada claystone project targeting lithium hydroxide production
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lithium Americas | $2.99 | −0.06% | $660.9M | — | — | — | — |
| Albemarle | $117.30 | +0.45% | $13.32B | — | 11.9 | 2.3 | +31.1% |
| SQM (ADR) | $70.69 | +0.71% | $19.86B | 14.3 | 8.9 | 2.9 | +136.7% |
| Rio Tinto (ADR) | $97.42 | −0.08% | $157.69B | 13.2 | — | 2.6 | +57.4% |
| Lithium Argentina | $6.00 | −1.23% | $969.9M | — | 15.6 | — | +134.3% |
| ioneer (ADR) | $3.25 | +0.62% | $203.6M | — | — | — | — |
| Standard Lithium | $2.22 | +0.68% | $519.4M | — | — | — | — |
| American Battery Technology | $2.39 | −0.21% | $317.8M | — | — | 14.6 | +194.0% |
| Median | 13.7 | 11.9 | 2.8 | +134.3% |