Streetbeat News

LAC

Lithium Americas Corp.

https://www.lithiumamericas.com

Industry

Industrial Materials

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Open

3.91

Mkt cap

811M

Volume

8.4M

High

3.94

P/E Ratio

-26.57

52-wk high

7.71

Low

3.61

Div yield

N/A

52-wk low

2.02

Lithium Americas Corp. (NYSE:LAC) shares rose after securing a $2.26 billion loan from the U.S. Department of Energy to fund the Thacker Pass Project in Nevada. This project aims to produce 40,000 tonnes of lithium carbonate annually, with GM acquiring a 38% stake.

Portfolio Pulse from Vaishali Prayag

October 29, 2024 | 7:06 pm

Lithium Americas Corp. has secured a $2.26 billion loan from the U.S. Department of Energy to finance the construction of processing facilities at Thacker Pass, Nevada. This project aims to produce 40,000 tonnes of lithium carbonate annually and is supported by a joint venture with General Motors.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:41 pm

Lithium Americas shares rose following the announcement of a $2.26 billion loan from the U.S. Department of Energy's Loan Programs Office.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:41 pm

Corning Incorporated (NYSE:GLW) reported better-than-expected Q3 earnings and a positive Q4 outlook, leading to a 7% stock price increase. Other companies like GeneDx Holdings, V.F. Corporation, and Opera Limited also saw significant stock gains due to strong financial results and guidance.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 2:47 pm

Lithium stocks are experiencing a rise in share prices, potentially due to positive developments in China that are influencing the commodity market.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:39 pm

Lithium company shares are rising due to a report indicating potential large lithium reserves in Arkansas.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 7:12 pm

A study suggests Arkansas may hold up to 19 million tons of lithium, potentially boosting U.S. lithium resources significantly. This discovery could benefit lithium-focused ETFs and companies involved in lithium mining and technology.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 4:42 am

Scotiabank analyst Ben Isaacson has maintained a Sector Perform rating on Lithium Americas (NYSE:LAC) but has lowered the price target from $3 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:36 pm

Lithium Americas Corp. shares surged after announcing a joint venture with General Motors for the Thacker Pass lithium project. GM will invest $625 million, acquiring a 38% stake, and has a conditional $2.3 billion DOE loan. This marks a significant step in establishing a domestic supply chain for critical minerals.

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 3:29 pm

United Airlines reported better-than-expected earnings, leading to a 9.3% stock increase. Other stocks like Korro Bio, Wave Life Sciences, and Morgan Stanley also saw significant gains due to positive developments.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 2:23 pm

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