LAC•Lithium Americas raised its Phase 1 Thacker Pass capex estimate to $3.83 billion from $2.93 billion, and expects to spend $1.7 billion to $2.0 billion this year. Shares fell 6.4%.
Lithium Americas raised its Phase 1 capital expenditure estimate for its Thacker Pass lithium project in Nevada to $3.83 billion from $2.93 billion, citing construction progress, engineering updates and procurement costs. The company expects to spend $1.7 billion to $2.0 billion on Phase 1 this year, up from its previous estimate of $1.3 billion to $1.6 billion. Its 2026 forecast includes $55 million to $65 million in capitalized interest on a U.S. Department of Energy loan. The company expects mechanical completion by late 2027, with ramp-up through 2028.
