Lithium Americas Reports Q3 Net Loss of $223.9 Million
Lithium Americas Corp. reported a net loss of $223.9 million for the nine months ended September 30, 2025, compared to a net loss of $21.4 million for the same period in 2024. Loss per share was $0.98, up from $0.07 in the prior year. Operating expenses were $24.1 million, compared to $18.2 million in 2024. As of September 30, 2025, cash and restricted cash totaled $385.6 million, down from $594.2 million at December 31, 2024. Total assets increased to $1,451.5 million from $1,044.9 million, and total long-term liabilities rose to $452.2 million from $41.3 million. During the quarter, the company received its first loan drawdown from the U.S. Department of Energy and continued construction at the Thacker Pass lithium project, with approximately 700 workers on-site and over 80% of detailed engineering completed. $145.9 million of construction capital and project costs were capitalized during the quarter.
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