As Lithium Americas Stock Doubles on Trump Stake Bid, Is It Too Late to Buy LAC?

Core Insights - Lithium Americas (LAC) stock surged by 95% to $6.01 after news of the Trump administration seeking an equity stake in the company, with a year-to-date gain exceeding 140% [1][2] - The proposed investment coincides with LAC renegotiating a $2.2 billion Department of Energy loan for its Thacker Pass project, projected to be one of North America's largest lithium sources by late 2027 [2][5] - The U.S. government aims to secure direct ownership in critical mineral supply chains, having previously acquired a 15% stake in MP Materials, which has seen a 410% year-to-date stock increase [3] Company Overview - Lithium Americas is recognized as a leading pure-play lithium developer globally, with its Thacker Pass project housing one of the largest known lithium reserves [4] - The construction at Thacker Pass is accelerating, currently employing over 300 workers, with expectations to increase to 1,000 by year-end [4] - The project is on track for its late 2027 production timeline, with 70% of detailed engineering completed and steel installation progressing [5] Financial Position - As of Q2 2025, Lithium Americas reported over $500 million in cash, but is projected to have a free cash outflow of $2.5 billion from 2025 to 2028, indicating a need for additional capital [6]