BMO Slashes Lithium Americas Target to $4.50 as Thacker Pass CapEx Inflation Hits 15%

Quick Read Lithium Americas (LAC) is building the Thacker Pass mine in Nevada with Phase 1 engineering 93% complete and mechanical completion targeted for late 2027 to produce 40,000 tonnes per year of battery-quality lithium carbonate; the company has drawn $867.6M from its $2.23B DOE loan facility and holds $905.6M in cash, with strategic partnerships including General Motors’ 38% joint venture interest providing execution validation. BMO Capital cut its price target to $4.50 from $6 citing 15% capex ...