Lithium Americas Corp. announced its financial and operational results for the fiscal year ended December 31, 2025, reporting a net loss of $86.3 million, operating expenses of $52.8 million, and cash and restricted cash of $905.6 million. The company provided Thacker Pass construction updates, including $982.8 million in cumulative capitalized costs and $1.3-$1.6 billion Capex guidance for 2026.
Key takeaways
Net loss of $86.3 million for year ended December 31, 2025, up from $42.6 million in 2024.
Cash and restricted cash of $905.6 million as of December 31, 2025.
Cumulative construction capital costs capitalized of $982.8 million to December 31, 2025.
2026 Capex guidance for Thacker Pass Phase 1 of $1.3-$1.6 billion.
Received DOE Loan advances of $435 million on October 20, 2025, and $432 million on February 24, 2026.
Sold 68.2 million common shares via ATM programs in 2025 for net proceeds of $401.2 million.