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Lithium Americas: More Ridiculousness After Public Offering
Seeking Alpha· 2024-04-22 13:15
gchapelIn a stunning display of self-immolation, Lithium Americas (NYSE:LAC) set itself on fire and incinerated 30% of its share price in one day via a public offering of shares. While some investors were aware LAC needed additional capital to bridge the gap in funding for its lithium mine (called Thacker Pass), some were not. Both groups however were stunned when LAC announced it would issue 55 million shares (with the ability to issue an extra 15%) at a mere $5.00 a share. This resulted in the stock c ...
Lithium Americas Prices US$275 Million Underwritten Public Offering
Newsfilter· 2024-04-18 05:56
(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced the pricing of its previously announced underwritten public offering (the "Offering") of 55,000,000 of its common shares (the "Common Shares") at a price to the public of $5.00 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of $275,000,000. The Offering is being conducted t ...
Lithium Americas Announces Proposed Public Offering of Common Shares
Newsfilter· 2024-04-17 21:07
(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) ("Lithium Americas" or the "Company") announced that it intends to offer and sell, subject to market conditions, 55,000,000 of its common shares (the "Common Shares") in an underwritten public offering (the "Offering"). All of the Common Shares to be sold in the Offering will be offered by Lithium Americas. The Offering is subject to market and other con ...
3 Beaten-Down EV Stocks With the Potential to Shift Back Into High Gear
InvestorPlace· 2024-04-11 20:40
It’s fair to say that the entire EV sector is maligned at the moment. Stocks throughout the upstart industry have seen their values plummet over the last year. The global EV market slowed down as higher lending rates slashed demand. Speculative SPAC firms failed, and Chinese demand cratered as its economy suffered. Yet, EV sales continue to increase albeit at a slower rate. The industry is continuing to grow. That would make some investors seek for undervalued EV stocks. It is also becoming more competitive ...
Lithium Americas (LAC) - 2023 Q4 - Annual Report
2024-03-18 21:00
TSX: LAC ● NYSE: LAC www.lithiumamericas.com 510 Burrard St, 3rd Floor Vancouver BC, V6C 3B9 www.computershare.com Date: March 18, 2024 To: All Canadian Securities Regulatory Authorities Subject: LITHIUM AMERICAS CORP. Dear Sir/Madam: Exhibit 99.1 We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer: | Meeting Type : | | Annual General and Special Meeting | | | --- | --- | --- | --- | | Record Date for Notice of Meeting : | | April 12, 2024 | | | Record ...
Lithium Americas (LAC) - 2023 Q4 - Annual Report
2024-03-18 11:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: Not applicable ☐ TRANSITION REPORT PURSUANT ...
Lithium Americas (LAC) Investor Presentation - Slideshow
2023-08-15 17:46
August 2023 NI 43-101 DISCLOSURE 40 years of supply life with potential expansion opportunity Development planning for Caucharí-Olaroz Stage 2 expansion of at least 20 ktpa LCE (100% basis) | --- | --- | |----------------------------------------|-------------------| | LAC | NYSE and TSX | | Currency Exchange | USD | | Shares Outstanding(3) | 160M | | 52 Week Range(2) (NYSE) | $17.58 - $33.10 | | Share Price(1) (NYSE) | $20.18 | | Average Daily Volume(2) (NYSE & TSX) | 2.0M | | Market Cap(1) | $3.2B | | Cash ...
Lithium Americas (LAC) Investor Presentation - Slideshow
2023-05-26 15:46
(1) See the Company's news release of January 31, 2023, titled "Lithium Americas Provides General Motors Transaction Details and Update on Construction Plan for Thacker Pass" for full details. (2) See the Company's news release of February 16, 2023 for full details. (3) As of May 15, 2023. 5 Shareholders(4) | --- | --- | --- | --- | --- | --- | --- | |------------|--------------------------------------------------------|--------------------|-----------|-------|-------|-------| | | | | | | | | | | | | ROW 2% ...
Lithium Americas (LAC) Investor Presentation
2022-10-27 17:19
Project Highlights - Caucharí-Olaroz Stage 1 construction is nearing completion, targeting 40,000 tpa of battery-quality lithium carbonate production[13, 24] - Development planning for Caucharí-Olaroz Stage 2 expansion of at least 20,000 tpa is progressing[14, 25] - Thacker Pass is advancing towards construction start in 2023, targeting Phase 1 of 40,000 tpa and Phase 2 total capacity of 80,000 tpa lithium carbonate[14, 38] - A development plan for Pastos Grandes is advancing with a construction decision expected in H2 2023[14, 36] Financial Status - Lithium Americas had $392 million in cash, cash equivalents, and short-term bank deposits as of September 30, 2022[17] - Available capital from the credit facility was $75 million, with total debt of $235 million[17] - The total capital cost estimate for Caucharí-Olaroz Stage 1 is up 15% to $852 million (on a 100% basis)[31] Market Dynamics - Lithium carbonate prices have increased to over $70,000/tonne in China[20] - Demand for lithium batteries for electric vehicles is expected to increase by over 1,200% between 2021 and 2040[22] - Recycling is projected to account for approximately 26.4% of total lithium supply in 2050[22] - The lithium market is expected to grow to over 2 million tonnes of LCE in 2030[23] Strategic Investments - Lithium Americas completed the acquisition of Millennial Lithium and their Pastos Grandes project for approximately $400 million[35] - The company holds a 17.4% strategic investment in Arena Minerals[35] - Lithium Americas acquired approximately 5% of Green Technology Metals (GT1) for US$10 million[48]
Lithium Americas (LAC) Corporate Presentation - Slideshow
2022-06-24 22:25
| --- | --- | --- | --- | |------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | LithiumAmericas | | | | | CORPORATE PRESENTATION | | | | | JUNE 2022 | | | | CAUTIONARY STATEMENT ADDITIONAL REFERENCE MATERIALS This presentation should be read in conjunction with Lithium Americas Corp.'s ("Lithium Americas", "LAC" or the "Company") news releases, latest Management Discussion and Analysis ("MD&A") and Financial Statements ("Financials") for the three months ende ...