Lithium Americas returns to Q2 profit at US$1.7 million; cash and restricted cash rises to US$1.28 billion as of June 30, 2026

Reuters2026/08/13 10:50

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Lithium Americas posted Q2 2026 net income of US$1.7 million, swinging from a net loss of US$13.2 million a year earlier.
Cash and restricted cash climbed 41.25% to US$1.28 billion at June 30, driven by DOE Loan advances and ATM proceeds.
Thacker Pass Phase 1 capitalized US$507.9 million in Q2; total capitalized project costs reached US$1.8 billion, including US$1.6 billion in the US$2.93 billion estimate.
Construction remained on track for late-2027 mechanical completion, with energization targeted for Q4 2026 and more than 1,600 workers on site.
Management flagged US$80 million to US$100 million of tariff exposure, with a definitive capital estimate targeted by end-Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Americas Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260813986894) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lithium Americas returns to Q2 profit at US$1.7 million; cash and restricted cash rises to US$1.28 billion as of June 30, 2026

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