LAC
Live News • May 15
Lithium Americas Reports Q1 Profit as Thacker Pass Construction Surges Toward Completion Lithium Americas reported Q1 2026 net income of $4.6 million, compared with a prior-year loss, while another filing showed a Q1 net loss of $409,000 that was smaller than analyst expectations for a seven-cent loss per share.
Construction at the Thacker Pass Phase 1 project is progressing, with more than 1,300 workers onsite, over 2.43 million workhours without a serious injury, and mechanical completion targeted for late 2027.
The company reports engineering work above 95%, procurement above 70%, and continued support from an equity program and an advance on a U.S. Department of Energy loan to fund ongoing development.
The key takeaway is that Lithium Americas is moving Thacker Pass through advanced engineering and construction milestones while maintaining liquidity through external financing and equity issuance.
You should watch how ongoing project spending, supply chain pressures, tariffs, inflation and geopolitical risks affect both the construction timeline and potential funding needs over the next several quarters. Announcement • May 06
Lithium Americas Corp. Appoints Clayton Walker as Independent Director, Effective May 5, 2026 Lithium Americas Corp. announced the appointment of Clayton Walker as an independent member of its Board of Directors effective immediately, May 5, 2026. Mr. Walker has over 25 years of experience leading global mining companies, most recently as former Chief Growth and Development Officer at Rio Tinto where he was responsible for the overall strategic direction and execution of the Copper Growth Portfolio. From 2021 to 2025, he served as Chief Operating Officer for Rio Tinto’s Copper product group, where he led global teams focused on growth and optimization across a world-class copper portfolio. His responsibilities included oversight of major operations and projects across the Americas, including Rio Tinto Kennecott in Utah and Resolution Copper in Arizona. From 2016 to 2021, he served as Chief Executive Officer and Executive Chairman of Iron Ore Company of Canada. Prior to that, he spent 15 years in various management roles at Rio Tinto. Mr. Walker holds a Master of Business Administration degree as well as a Bachelor of Science, Metallurgical Engineering degree from the University of Utah. Recent Insider Transactions Derivative • Apr 16
President exercised options and sold CA$492k worth of stock On the 10th of April, Jonathan Evans exercised options to acquire 85k shares at no cost and sold these for an average price of CA$5.77 per share. This trade did not impact their existing holding. For the year to December 2023, Jonathan's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Jonathan's direct individual holding has increased from 635.14k shares to 768.84k. Company insiders have collectively sold CA$6.7m more than they bought, via options and on-market transactions in the last 12 months. 
