On March 19, 2026, Lithium Americas Corp. (TSX: LAC, NYSE: LAC) announced its financial and operational results for the fiscal year ended December 31, 2025. The company reported a net loss of $86.3 million for the year, which reflects an increase from the previous year, primarily due to higher general and administrative expenses associated with ongoing construction activities at the Thacker Pass lithium project. Despite the loss, the company highlighted significant progress in its operations, particularly at Thacker Pass, where construction is advancing rapidly. The project is expected to play a crucial role in securing America's energy and national security future, with peak construction activity anticipated in 2026 and a workforce expansion to approximately 1,800 skilled workers by late 2026. The company has also secured substantial funding, including a $2.23 billion loan from the U.S. Department of Energy, which has helped de-risk the project. As of December 31, 2025, Lithium Americas had approximately $905.6 million in total cash and restricted cash, positioning it well for future developments. The company remains on track for mechanical completion of Phase 1 of Thacker Pass in late 2027, with a targeted capital expenditure range of $1.3 billion to $1.6 billion for fiscal year 2026. Overall, the results indicate a strong operational outlook and commitment to advancing the Thacker Pass project, which is crucial for the domestic lithium supply chain.

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