Lithium Americas Reports Second Quarter 2026 Results
Thacker Pass construction remains on track for mechanical completion in late 2027, with over 1,600 workers currently on site and the 198-foot Duplex Plant Stack successfully installed. The company received a $342 million advance from the DOE, bringing total loan funding to $1.209 billion, and closed on an initial $150 million in subordinated convertible debentures with Yorkville Advisors. Liquidity stands at approximately $1.3 billion in cash and restricted cash, supporting the revised 2026 Capex guidance of $1.3 billion to $1.6 billion.
Key figures
- Eps
- 0.01
- Guidance
- Fiscal 2026 Capex $1.3B - $1.6B
- Atm avg price q2
- 5.36
- Atm shares sold q2
- 13000000
- Atm net proceeds q2
- $68.5 million
- Cumulative doe loan
- $1.209 billion
- Doe loan advance q2
- $342 million
- Tariff exposure est
- $80 million - $100 million
- Cash and restricted cash
- $1.3 billion
- Capitalized costs to date
- $1.8 billion
- Yorkville debentures initial
- $150 million
AI analysis
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