Lithium Americas Corp. filed its Quarterly Report on Form 10-Q on August 14, 2025, reporting its consolidated interim financial statements for the three and six months ended June 30, 2025. The company reported a net loss of $12.4 million for Q2 2025, and $24.8 million for the six months ended June 30, 2025.
The increased net loss was primarily due to higher transaction costs associated with closing the Orion Investment and advisory fees upon achieving FID. Cash and restricted cash decreased to $509.1 million at June 30, 2025, from $594.2 million at December 31, 2024, reflecting cash used for operating costs and accrued liabilities.
Major construction is progressing at Thacker Pass, with over 300 workers on site and permanent concrete foundations materializing in the processing plant area. The first shipment of steel arrived in Winnemucca in late July, with installation targeted for September, keeping Phase 1 on track for mechanical completion in late 2027.
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