Financial Performance - The company reported a net loss of $20,348 thousand for the nine months ended September 30, 2024, compared to a net income of $8,967 thousand for the same period in 2023[11]. - The company reported a net loss of $8,063 thousand for the three months ended September 30, 2024, compared to a net loss of $200 thousand in the same period of 2023, marking a substantial increase in losses[120]. - Total comprehensive loss for the nine months ended September 30, 2024, was $20,348 thousand, compared to a comprehensive income of $8,967 thousand in the same period of 2023, highlighting a significant downturn[120]. - The company recognized a gain on financial instruments measured at fair value of $5,750 thousand for the nine months ended September 30, 2024, compared to a loss of $32,545 thousand in the same period of 2023[11]. - Interest earned on cash deposits for the nine months ended September 30, 2024, was $11,230 thousand, compared to $0 in the same period of 2023, indicating a strong return on cash holdings[113]. Assets and Liabilities - As of September 30, 2024, the company's total assets increased to $692,967 thousand, up from $439,500 thousand as of December 31, 2023, representing a growth of approximately 57.4%[9]. - The company's total liabilities as of September 30, 2024, included the GM Tranche 2 Agreements derivative, which was assumed to be settled in shares[59]. - The company’s total liabilities related to mining contractor liability remained stable at $3,500,000 as of September 30, 2024[71]. - The company’s receivables decreased from $2.9 million as of December 31, 2023, to $151,000 as of September 30, 2024[42]. - Total liabilities, including accounts payable and accrued liabilities, are projected to be $34,909 across various obligations by the end of 2027[143]. Shareholder Equity - Total shareholders' equity increased to $658,680 thousand as of September 30, 2024, up from $407,462 thousand at the end of 2023, reflecting a growth of 61.6%[9]. - The weighted average number of common shares outstanding increased to 218,039 thousand as of September 30, 2024, from 160,048 thousand in the same period of 2023, indicating dilution of shares[120]. - The Company holds 218,294,000 shares outstanding as of September 30, 2024, reflecting an increase from 161,778,000 shares at December 31, 2023[80]. Investments and Financing - The company completed a public offering, raising $275,000 thousand, with share issuance costs of $12,854 thousand, contributing to a net cash provided by financing activities of $261,386 thousand[11]. - The company has entered into agreements with General Motors for a total equity investment of $650,000 thousand, with the first tranche of $320,148 thousand already closed[19]. - The company completed a $320.1 million first tranche investment from General Motors, with a second tranche investment of up to $329.9 million pending certain conditions[82]. - The company received a conditional commitment for a $2.26 billion loan from the U.S. Department of Energy to finance the construction of processing facilities at Thacker Pass, which was closed on October 28, 2024[37]. - The Company closed a $2.26 billion Department of Energy (DOE) Loan for financing the construction of processing facilities at Thacker Pass, subject to certain conditions[144]. Operational Expenses - The company incurred exploration and evaluation expenditures of $8.2 million for the nine months ended September 30, 2024, compared to $9.4 million in 2023[55]. - The company reported stock-based compensation expenses of $2.8 million for the nine months ended September 30, 2024, compared to $70,000 in 2023[51]. - The company incurred transaction costs of $6,061 thousand for the three months ended September 30, 2024, compared to $2,529 thousand in the same period of 2023, reflecting increased operational expenses[120]. Joint Ventures and Agreements - The joint venture with GM will provide $625 million in cash and letters of credit for the Thacker Pass project, with GM acquiring a 38% asset-level ownership stake[37]. - The company has a 20-year offtake agreement with GM for up to 100% of production volumes from Phase 1 of Thacker Pass[37]. - The Company entered into a Joint Venture (JV) with GM, which will provide $625 million in cash and letters of credit for the Thacker Pass project, granting GM a 38% ownership stake[144]. Compensation and Share Units - The company granted 99 Deferred Share Units (DSUs) to its directors during the nine months ended September 30, 2024, with a total estimated fair value of $435 thousand[23]. - During the nine months ended September 30, 2024, the Company granted 442 PSUs with a total estimated fair value of $2,793 thousand, compared to $621 thousand in 2023, indicating a significant increase in compensation[108]. - The balance of outstanding RSUs increased to 2,409 as of September 30, 2024, from 1,650 as of December 31, 2023[137]. - The balance of outstanding Performance Share Units (PSUs) increased to 693 as of September 30, 2024, from 628 as of December 31, 2023[138]. - The Company has $6,009 of total unamortized compensation cost related to unvested RSUs as of September 30, 2024, compared to $2,346 in 2023[135].

Lithium Americas Corp. (LAC) closed the most recent trading day at $3.24, moving -1.52% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.04%. The lithium producer's stock has climbed by 40.6% in the past month, exceeding the Basic Materials sector's gain of 7.12% and the S&P 500's gain of 3.77%. Analysts and investors alike will be keeping a close eye on the perfor ...

Lithium Americas Corp. (LAC) ended the recent trading session at $2.69, demonstrating a -0.74% swing from the preceding day's closing price. This change lagged the S&P 500's 0.71% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%. Prior to today's trading, shares of the lithium producer had gained 22.62% over the past month. This has outpaced the Basic Materials sector's gain of 5.75% and the S&P 500's gain of 6.41% in that time. The investment community will be p ...

Lithium Americas Corp. (LAC) ended the recent trading session at $2.70, demonstrating a +1.5% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.42% for the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. The lithium producer's shares have seen an increase of 8.57% over the last month, surpassing the Basic Materials sector's gain of 5.24% and the S&P 500's gain of 2.06%. Analysts and investors alike will be keeping a ...

Lithium Americas Corp. (LAC) closed the latest trading day at $2.31, indicating a +0.87% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.15%. Shares of the lithium producer witnessed a loss of 15.81% over the previous month, trailing the performance of the Basic Materials sector with its gain of 1.99% and the S&P 500's gain of 2%. The investment community will be paying close attention to ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lithium Americas Corp. (LAC) . Lithium Americas Corp. currently has an ave ...

[Condensed Consolidated Interim Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Condensed Consolidated Interim Statements of Financial Position](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Financial%20Position) As of June 30, 2024, the company's total assets significantly increased to $692.2 million from $439.5 million at the end of 2023, primarily driven by a rise in cash and cash equivalents and investments in property, plant, and equipment | | June 30, 2024 ($ thousands) | December 31, 2023 ($ thousands) | | :--- | :--- | :--- | | **Total Current Assets** | 384,565 | 205,883 | | **Total Non-Current Assets** | 307,671 | 233,617 | | **Total Assets** | **692,236** | **439,500** | | **Total Current Liabilities** | 19,090 | 24,563 | | **Total Long-Term Liabilities** | 8,566 | 7,475 | | **Total Liabilities** | **27,656** | **32,038** | | **Total Shareholders' Equity** | **664,580** | **407,462** | | **Total Liabilities and Shareholders' Equity** | **692,236** | **439,500** | - The increase in assets was mainly due to cash and cash equivalents rising to **$375.8 million** from **$195.5 million**, and property, plant, and equipment increasing to **$296.6 million** from **$206.1 million**[14](index=14&type=chunk) [Condensed Consolidated Interim Statements of Comprehensive Loss](index=3&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Comprehensive%20Loss) For the six months ended June 30, 2024, the company reported a net loss of $12.3 million, a significant shift from a net income of $9.2 million in the same period of 2023 | | Six Months Ended June 30, 2024 ($ thousands) | Six Months Ended June 30, 2023 ($ thousands) | | :--- | :--- | :--- | | General and administrative expenses | (9,094) | (5,358) | | Transaction costs | (2,181) | (6,830) | | Gain/(loss) on financial instruments | (4,484) | 26,959 | | Finance and other income | 6,076 | 52 | | **Net Income/(Loss)** | **(12,285)** | **9,167** | | **Basic and Diluted EPS** | **($0.07)** | **$0.06** | [Condensed Consolidated Interim Statements of Equity](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Equity) Shareholders' equity increased from $407.5 million at December 31, 2023, to $664.6 million at June 30, 2024, primarily due to $275 million in gross proceeds from a public offering, partially offset by net loss and share issuance costs | Description | Amount ($ thousands) | | :--- | :--- | | **Balance, December 31, 2023** | **407,462** | | Shares issued from public offering | 275,000 | | Share issuance cost | (12,854) | | Equity compensation amortization | 7,257 | | Net loss | (12,285) | | **Balance, June 30, 2024** | **664,580** | [Condensed Consolidated Interim Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Interim%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2024, net cash provided by financing activities was $261.7 million, primarily from a public offering, resulting in a significant increase in cash and cash equivalents to $375.8 million | Activity | Six Months Ended June 30, 2024 ($ thousands) | | :--- | :--- | | Net cash used in operating activities | (4,118) | | Net cash used in investing activities | (77,294) | | Net cash provided by financing activities | 261,726 | | **Change in Cash and Cash Equivalents** | **180,314** | | **Cash and Cash Equivalents - End of Period** | **375,830** | [Notes to the Condensed Consolidated Interim Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [Note 1. Background and Nature of Operations](index=6&type=section&id=1.%20Background%20and%20Nature%20of%20Operations) Lithium Americas Corp. was formed following a separation on October 3, 2023, focusing on advancing the Thacker Pass lithium project in Nevada, and relies on equity financing as it has not yet generated significant revenue - The company's core asset is the **Thacker Pass lithium project** in Humboldt County, Nevada[3](index=3&type=chunk) - The company was created through a separation transaction from its former parent company, now named Lithium Americas (Argentina) Corp., on October 3, 2023[38](index=38&type=chunk) - To date, the company has not generated significant revenues and depends on equity financing to fund its operations and development activities[42](index=42&type=chunk) [Note 2. Basis of Preparation and Presentation](index=7&type=section&id=2.%20Basis%20of%20Preparation%20and%20Presentation) The unaudited condensed consolidated interim financial statements are prepared in accordance with IFRS (IAS 34), with comparative periods presented on a carve-out basis from the former parent company - The financial statements are prepared in accordance with **IFRS**, specifically **IAS 34** for interim reporting[43](index=43&type=chunk) - Financial data for periods prior to the separation on October 3, 2023, are presented on a carve-out basis, including allocations of corporate costs from the former parent company[24](index=24&type=chunk)[40](index=40&type=chunk)[44](index=44&type=chunk) - The company's presentation and functional currency is the **US dollar (USD)**[61](index=61&type=chunk) [Note 3. Summary of Material Accounting Policies](index=8&type=section&id=3.%20Summary%20of%20Material%20Accounting%20Policies) The company's accounting policies are consistent with 2023 Annual Financials, involving significant judgments in impairment assessment of Thacker Pass and fair value estimation of Ascend Elements investment, with no impairment identified for Thacker Pass despite a market capitalization decrease - Following a decrease in market capitalization, an impairment assessment was conducted for the **Thacker Pass project** as of June 30, 2024, which concluded that no impairment was necessary[63](index=63&type=chunk)[88](index=88&type=chunk) - Management applied significant judgment in estimating the fair value of its investment in **Ascend Elements**, a private company, based on market trends and peer company analysis[46](index=46&type=chunk) - The company is currently evaluating the impact of **IFRS 18**, a new standard for financial statement presentation effective January 1, 2027[28](index=28&type=chunk)[65](index=65&type=chunk) [Note 8. Property, Plant and Equipment](index=11&type=section&id=8.%20Property,%20Plant%20and%20Equipment) The net book value of property, plant, and equipment increased to $296.6 million as of June 30, 2024, primarily due to $90.2 million in additions to the Thacker Pass project, with no impairment recognized despite a market capitalization decline | PP&E Category | Net Book Value at Dec 31, 2023 ($ thousands) | Net Book Value at June 30, 2024 ($ thousands) | | :--- | :--- | :--- | | Thacker Pass | 202,819 | 292,970 | | Other PP&E | 3,263 | 3,645 | | **Total** | **206,082** | **296,615** | - The company conducted an impairment test on Thacker Pass, determining its recoverable amount based on a discounted cash flow model. Key assumptions included an average lithium price of **$27,079/tonne** over 25 years, a Phase 1 capital cost of **$2.93 billion**, and a discount rate of **11.6%**[75](index=75&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk)[77](index=77&type=chunk) - The company has commitments for royalty payments on Thacker Pass, including an **8% gross revenue royalty** up to a cumulative **$22 million**, which then reduces to **4%**[57](index=57&type=chunk)[59](index=59&type=chunk) [Note 10. Agreements with General Motors](index=13&type=section&id=10.%20Agreements%20with%20General%20Motors) The company has a strategic agreement with General Motors (GM) for a total investment of $650 million, with the second tranche contingent on funding for Thacker Pass Phase 1, and GM holding an offtake agreement for up to 100% of Phase 1 production - GM's investment is structured in two tranches: Tranche 1 (**$320.1 million**) is complete, and Tranche 2 (up to **$329.9 million**) is pending the company meeting certain funding conditions for Thacker Pass[80](index=80&type=chunk)[93](index=93&type=chunk) - The Tranche 2 agreement is accounted for as a derivative liability, with a fair value of **$360 thousand** as of June 30, 2024[94](index=94&type=chunk)[115](index=115&type=chunk) - GM has an offtake agreement to purchase up to **100%** of Phase 1 production at market rates for a term of **ten years**, with extension options[116](index=116&type=chunk)[86](index=86&type=chunk) [Note 12. Share Capital and Equity Compensation](index=16&type=section&id=12.%20Share%20Capital%20and%20Equity%20Compensation) In April 2024, the company completed a public offering of 55 million common shares, raising $275 million in gross proceeds to advance the Thacker Pass project, and maintains an equity incentive plan for employees and directors - On April 22, 2024, the company raised **$275 million** in gross proceeds (**$262 million** net) through a public offering of **55 million** common shares[119](index=119&type=chunk) | Equity Unit Type | Outstanding at Dec 31, 2023 (thousands) | Granted in H1 2024 (thousands) | Outstanding at June 30, 2024 (thousands) | | :--- | :--- | :--- | :--- | | RSUs | 1,650 | 1,936 | 2,739 | | DSUs | 95 | 42 | 137 | | PSUs | 628 | 442 | 750 | [Other Notes](index=9&type=section&id=Other%20Notes) Other notes detail the company's financial position and activities, including increased cash and cash equivalents, fair value losses on investments, transaction costs for DOE loan due diligence, and a subsequent grant from the U.S. Department of Defense - **Cash and Cash Equivalents (Note 4):** Increased to **$375.8 million** at June 30, 2024, from **$195.5 million** at December 31, 2023[48](index=48&type=chunk) - **Investments (Notes 6 & 7):** Recognized a fair value loss of **$1.9 million** on its investment in Green Technology Metals and a **$2.6 million** loss on its investment in Ascend Elements for the six months ended June 30, 2024[68](index=68&type=chunk)[52](index=52&type=chunk) - **DOE Loan (Note 17 & Background):** The company received a conditional commitment for a **$2.26 billion** loan from the U.S. Department of Energy (DOE) and incurred **$1.7 million** in related due diligence costs in H1 2024[9](index=9&type=chunk)[127](index=127&type=chunk) - **Subsequent Event (Note 22):** On August 5, 2024, the company received an **$11.8 million** grant from the U.S. Department of Defense to support local infrastructure upgrades[145](index=145&type=chunk)

Let's take a look at what these Wall Street heavyweights have to say about Lithium Americas Corp. (LAC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Of the 14 recommendations that derive the current ABR, seven are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 14.3% of all recommendations. While the ABR calls for buying Lithium Americas Corp., it may not be wise to make an investment decision solely based on this infor ...

Company Performance - Lithium Americas Corp. is expected to be closely monitored by analysts and investors during its upcoming earnings disclosure [1] - The company's stock closed at $2.58, reflecting a daily increase of 1.57%, outperforming the S&P 500's gain of 1.02% [4] - Over the past month, shares of Lithium Americas Corp. have decreased by 14.77%, which is significantly worse than the Basic Materials sector's loss of 3.78% and the S&P 500's gain of 4.44% [8] Analyst Estimates - Recent adjustments to analyst estimates for Lithium Americas Corp. are crucial as they indicate the changing nature of near-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [6] - The Zacks Consensus EPS estimate for Lithium Americas Corp. has remained unchanged over the last 30 days, and the company currently holds a Zacks Rank of 2 (Buy) [9] Industry Context - The Mining - Miscellaneous industry, which includes Lithium Americas Corp., is part of the Basic Materials sector and currently ranks 179 in the Zacks Industry Rank, placing it in the bottom 29% of over 250 industries [2] - The Zacks Rank system indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [7]

分组1: Lithium Americas (LAC) - Lithium Americas has $147 million in cash, providing some operational runway despite recent challenges [1] - The company's stock has declined over 35% in the past month, significantly underperforming the basic materials sector and the S&P 500 [4] - Major construction at the Thacker Pass lithium mining site is expected to begin in the second half of the year, with a $2.26 billion federal loan secured [4][13] 分组2: Sirius XM Holdings (SIRI) - Sirius XM shares are currently trading at half their price from the previous year, presenting a compelling value case [6] - The company has exclusive content deals with major sports leagues, contributing to steady revenue growth averaging 9% annually over the past decade [7] - Despite a decline in business, Sirius XM maintains a price-to-earnings ratio of 8x and continues to return value to shareholders through buybacks and dividends [14] 分组3: Pioneer Power Solutions (PPSI) - Pioneer Power Solutions is trading at nearly $4 per share, with a strong position in power solutions and a revenue of $40.8 million in 2023 [9] - The company experienced a robust 30% revenue growth in 2024, supported by strong demand for electrical products [16] - PPSI stock trades at just 7x estimated 2025 earnings, positioning it attractively amidst growing trends in electric vehicles and AI [16]