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Lithium Americas Corp LAC Stock Quote

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Morningstar‘s Stock Analysis LAC

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Lithium Americas Should Benefit From Lithium Growth as Multiple Low-Cost Resources Enter Production

Business Strategy and Outlook

| Seth Goldstein, CFA |

Lithium Americas aims to become a low-cost pure-play lithium producer. The company has no current lithium sales volumes but is developing three resources that should eventually enter production, with the first project to enter production by the end of 2022. Cauchari-Olaroz and Pastos Grandes are brine resources located in northwestern Argentina. Thacker Pass is the company’s clay resource in the U.S. state of Nevada.

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Company Profile LAC

Business Description

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market. The company is also exploring separating into two companies, with assets divided by geography, an Argentina company and a U.S. company.

900 West Hastings Street, Suite 300
Vancouver, BC, V6C 1E5, Canada
T +1 778 656-5820
Industry Other Industrial Metals & Mining
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 65