Lithium AmericasLAC
About: Lithium Americas is a pure-play lithium producer. The firm owns 62% of one resource, Thacker Pass, that is located in northwest Nevada, with automaker General Motors owning the remaining 38%. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
Employees: 79
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 36
11% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 54
4% more funds holding
Funds holding: 211 [Q3] → 220 (+9) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
4% less capital invested
Capital invested by funds: $187M [Q3] → $180M (-$7.62M) [Q4]
1.61% less ownership
Funds ownership: 30.09% [Q3] → 28.49% (-1.61%) [Q4]
47% less call options, than puts
Call options by funds: $13.4M | Put options by funds: $25M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Scotiabank Ben Isaacson 43% 1-year accuracy 6 / 14 met price target | 11%downside $2.75 | Sector Perform Maintained | 31 Mar 2025 |
Financial journalist opinion
Based on 6 articles about LAC published over the past 30 days
