NYSE:DRS 8 January 2026

March 20, 2026, 12:50 PM EDT. Lithium Americas (TSX:LAC) reported significant progress on the Thacker Pass lithium project in Nevada, supported by the U.S. Department of Energy. The firm announced a CA$250 million equity offering to fund its flagship asset, reflecting ongoing capital needs despite substantial scale and de-risking steps. Shares trade at CA$5.53 with a mixed recent performance, down 15.6% year-to-date but up 30.1% over 12 months. The company posted a full-year net loss of US$122.09 million, indicating sustained cash burn. Two advances on a US$2.23 billion DOE loan bolster financing certainty, yet fresh equity raises highlight dilution risks investors face. The developments underscore Lithium Americas' balancing act between advancing construction and managing capital structure pressures.