Lithium Americas Corp. (LAC)

Over the past six months, several key events have impacted Lithium Americas Corp.'s stock price. In October 2025, Lithium Americas announced a substantial investment increase from General Motors, bringing GM's total commitment to $945 million and forming a joint venture for the Thacker Pass mine. In November 2025, the company reported its Third Quarter results, fully funded Thacker Pass after a U.S. loan drawdown, and received upgrades from Canaccord Genuity Group and Cormark. In December 2025, Lithium Americas was set to join the S&P/TSX Composite Index. In January 2026, Scotiabank lifted its price target on shares from $5.00 to $7.00 and maintained a "sector perform" rating, with the stock experiencing fluctuations. In February 2026, Lithium Americas finalized agreements with the U.S. Department of Energy (DOE) and General Motors, granting the DOE deep-discount warrants for 5% stakes in both the company and its LAC-GM joint venture, formalizing the DOE's equity rights and capital contributions, reshaping the Thacker Pass venture's capital structure. The stock price as of February 6, 2026, was $4.66, and short interest in Lithium Americas decreased by 15.58% since its last report.

The demand for lithium, particularly for lithium-ion battery products used in electric vehicles (EVs) and energy storage systems, is beginning to exhibit seasonal trends. The expansion of lithium applications beyond EVs into grid-scale energy storage is creating new demand patterns with distinct seasonal and geographic characteristics. While specific seasonality for Lithium Americas Corp.'s products is not detailed, the broader lithium market experiences fluctuations. For instance, some lithium carbonate producers in Qinghai anticipate slight output reductions due to seasonal factors, while overall domestic supply in China is projected to maintain an upward trend in December. The market for lithium chemicals remains tight, supporting a strong price outlook.

Lithium Americas Corp. is a pure-play lithium producer focused on supplying battery-quality lithium carbonate for the North American critical minerals supply chain. Its flagship asset, the Thacker Pass project in northern Nevada, is one of the largest known lithium resources globally and is expected to be the first clay-based lithium asset to enter production. The company plans to develop Thacker Pass into a fully integrated lithium production site, including downstream refining capabilities, to sell into the lithium chemical market. Production at Thacker Pass is anticipated to begin in late 2027.

Lithium Americas Corp.'s primary geographic footprint is in the United States, centered around its Thacker Pass project in northern Nevada, approximately 100 kilometers north-northwest of Winnemucca. The company also operates a Lithium Technical Development Center in Reno, Nevada. Following a separation on October 3, 2023, Lithium Americas Corp. (LAC) retained its North American assets, while its Argentine lithium assets, including the Caucharí-Olaroz project, were spun off into a new independent company, Lithium Argentina (LAAC).

Lithium Americas Corp. emphasizes its commitment to sustainable and responsible sourcing throughout its supply chain and publishes an ESG-S Report, which generally contributes positively to its brand reputation. However, a May 2024 report from Bleecker Street Research raised concerns about the viability of clay-based lithium mining projects, stating that they have historically failed and that no successful example of a clay-based mine exists globally, which could potentially impact the company's reputation.

Lithium Americas Corp. (LAC) has a mixed ownership structure comprising institutional, retail, and individual investors. Approximately 12.16% of the company's stock is owned by Institutional Investors, 1.05% by Insiders, and 86.79% by Public Companies and Individual Investors. Major institutional owners include General Motors Holdings LLC, Van Eck Associates Corp, REMX - VanEck Vectors Rare Earth/Strategic Metals ETF, Millennium Management Llc, Invesco Ltd., Goldman Sachs Group Inc, Citadel Advisors Llc, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., LIT - Global X Lithium & Battery Tech ETF, and PBW - Invesco WilderHill Clean Energy ETF.