"BMO Capital reduced its target from $6 to $4.50, citing two pressures: higher capex inflation at Thacker Pass, now 15% versus 10% previously, and ongoing dilution from at-the-market equity issuance."
"Thacker Pass construction progress: Phase 1 engineering is 93% complete, with approximately 950 workers on site scaling toward a peak of 1,800 by late 2026."
"Lithium Americas has drawn $435 million in October 2025 and an additional $432 million in February 2026 from its $2.23 billion DOE loan facility."
"General Motors holds a 38% joint venture interest in Thacker Pass and contributed $100 million at final investment decision, reducing execution risk for the project."
Lithium Americas has seen a year-to-date decline of over 16%, trading at approximately $3.97. The stock is significantly below its 52-week high of $10.52 but has gained over 33% in the past year. BMO Capital has cut its price target to $4.50, citing higher capex inflation at Thacker Pass and ongoing dilution. The construction progress at Thacker Pass is notable, with 93% of Phase 1 engineering complete. The company has secured substantial funding but faces significant capex requirements in the coming years.
Read at 24/7 Wall St.
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