LAC News & Events

As of December 31, 2025, a total of $982.8 million of construction capital costs and other project-related costs have been capitalized, of which $862.6 million is part of the total Capex estimate of $2.93 billion per the Company's Technical Report. A targeted total Capex range of $1.3 to $1.6 billion for fiscal year 2026 remains unchanged from the Company's new release dated February 19, 2026 entitled "Lithium Americas Provides a Project Update and 2026 Capex Guidance for Thacker Pass."

Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, "2025 marked a transformative year for Thacker Pass. Construction is advancing at full pace, and we are carrying that strong momentum into 2026. We are grateful for the continued support of the U.S. Administration and the Department of Energy. With the second loan drawdown in February 2026, we have meaningfully de-risked the Project and reinforced our path forward. This investment reflects our shared commitment to rebuilding critical mineral supply chains here at home and reducing reliance on foreign sources. Construction at Thacker Pass is progressing rapidly, with safety as our highest priority. Peak construction activity is expected in 2026, and our workforce continues to expand, with approximately 1,800 skilled craftspeople anticipated on site by late 2026. We remain on track for mechanical completion of Phase 1 in late 2027, positioning Thacker Pass to play a central role in securing America's energy and national security future. Together with our partners, we are advancing energy independence, strengthening domestic supply chains and building a more resilient future."