Lithium Americas Corp. reported its financial results for the first quarter ending March 31, 2025. The company experienced an increase in net loss, reaching $11.5 million compared to $6.3 million in the same period the previous year, attributed to higher general and administrative expenses, increased reporting obligations under the DOE Loan, and elevated transaction costs due to recent financing activities. Operating expenses rose to $6.5 million, up from $5.8 million in Q1 2024. The company's cash and restricted cash positions decreased to $446.9 million from $594.2 million as of December 31, 2024, reflecting the use of cash for transaction costs and other payables accrued at the end of 2024. Total assets also saw a decline, standing at $1,018.5 million compared to $1,044.9 million at the end of the last year. Significant operational updates include the capitalization of $78.2 million in construction capital costs and other project-related expenses during the quarter. The company is progressing with its construction activities and addressing potential impacts from tariff announcements, with 75% of its capital project costs related to labor and services, which are not expected to be significantly affected by these tariffs.