Lithium Americas — Third Quarter 2026 Earnings Summary

Lithium Americas reported a net income of $96.4 million for the nine months ended September 30, 2026, driven by significant gains on financial instruments and increased interest income. The company updated its definitive capital cost estimate for the Thacker Pass Phase 1 project to $3.83 billion, reflecting increases due to labor inflation, tariff exposure, and additional contingency. Construction progress remains on track with mechanical completion targeted for late 2027, supported by a workforce of approximately 1,900 personnel and over 80% of third-party contract values committed. Financially, the company holds $1.3 billion in total cash and restricted cash as of September 30, 2026, following recent advances from the U.S. Department of Energy and the issuance of subordinated convertible debentures.