Lithium Americas Corp.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
LAC · Price history
Price at last available close
$2.16
−$0.52 (-19.40%) 1M
2026-10-27
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Company & revenue
About Lithium Americas Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Lithium Americas Corp. is a resource company primarily engaged in the exploration and development of lithium deposits across the United States and Argentina. The firm holds significant interests in several key projects, including Cauchari-Olaroz in Argentina's Jujuy province, the Thacker Pass project located in northwestern Nevada, and Pastos Grandes within Argentina's Salta province. Formerly known as Western Lithium USA Corporation, the company officially rebranded to Lithium Americas Corp. in March 2016.
How they make money
Lithium Americas Corp. is a resource development company currently focused on the construction and future operation of the Thacker Pass lithium project in Nevada, USA. The company does not currently generate revenue from operations and relies on capital raises, debt financing, and strategic investments to fund the development of its lithium assets.
Products & services
The company is developing the Thacker Pass lithium project, which is intended to produce lithium carbonate for the electric vehicle battery supply chain.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Disclosed major customers
- General MotorsSource
Customer concentration
The company is in the development stage and has no commercial revenue; however, it has a significant strategic offtake arrangement with General Motors as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Construction and engineering contractors — Various third-party contractors engaged for the construction and development of the Thacker Pass project.Source
Business relationships & partnerships
- General Motors — A strategic investment and offtake agreement where GM provides capital for the development of Thacker Pass in exchange for exclusive access to lithium production.Source
Competitors
Strengths
Risks
- Significant development and construction risks associated with bringing a large-scale mining project into production.Source
- Dependence on external financing and capital markets to fund ongoing operations and project development.Source
- Regulatory and permitting risks inherent in the mining industry.Source
Company-specific research
Questions worth answering for LAC
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •How long can LAC fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does LAC's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for LAC to reach sustainable profitability?
- •What future growth or profitability would be needed to justify LAC's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of LAC's score?
Essential Investment Snapshot
Market Cap
$482.3M
P/E Ratio
-6.5
EPS
$-0.39
52-Week High
$10.52
52-Week Low
$2.51
Beta
3.38
Analyst Target
$4.25
Shares Outstanding
243.7M
Total Debt
$1.16B
Dividend
No current dividend
Liquidation Value / Share
$8.00
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on LAC.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Ownership of the Thacker Pass project, one of the largest known lithium resources in the United States.
- +Strategic partnership and funding support from General Motors.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Industrial Materials industry.
- −Significant development and construction risks associated with bringing a large-scale mining project into production.
- −Dependence on external financing and capital markets to fund ongoing operations and project development.
- −Regulatory and permitting risks inherent in the mining industry.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$2.16
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $230K | $0.00 | $46K | $158K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$230K | $0.00 | -$46K | -$158K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $64.7M | $52.8M | $28.1M | $24.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $64.1M | $52.8M | $28.3M | $28.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$52.8M | -$51.8M | -$27.3M | -$3.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$64.3M | -$52.8M | -$28.3M | -$28.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $377K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$55.2M | -$86.3M | -$42.6M | -$5.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$97.3M | -$122.1M | -$42.5M | -$5.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.39 | $-0.51 | $-0.21 | $-0.03 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 244M | 244M | 201M | 160M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 244M | 244M | 201M | 160M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.01
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+460.0%
Cash Change
+61.7%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 115.2%. Cash increased 61.7%. Total debt increased 460.0%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · LAC
Corporate developments & opportunities
No reviewed developments match this filter.
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