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Stock impact report

Lithium Americas Reports Strong Q3 2024 Progress [Yahoo! Finance]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lithium Americas Corp. is a company focused on the development of lithium resources, primarily operating within the mining and minerals sector. It is dedicated to advancing the Thacker Pass project, which is one of the largest known lithium resources in North America. In its latest earnings report for the third quarter of 2024, Lithium Americas highlighted significant advancements, including a joint venture with General Motors and securing a $2.26 billion loan from the U.S. Department of Energy. These developments aim to facilitate the construction of processing facilities at the Thacker Pass site. Key financial metrics revealed that as of September 2024, the company held $341.2 million in cash and cash equivalents and reported a net loss due to increased expenses related to operating as an independent entity. Strategic moves included a new investment agreement with GM, securing a substantial financial commitment to fund and operate Thacker Pass, and the completion of major earth Show less Read more
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