4.6000 -0.03 (-0.65%)
After hours: 6:29PM EDT
|Bid||4.6000 x 800|
|Ask||4.6200 x 1300|
|Day's Range||4.5900 - 4.9400|
|52 Week Range||1.9200 - 6.0300|
|Beta (5Y Monthly)||2.10|
|PE Ratio (TTM)||10.04|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. The holdup will result in a shortage of the white metal available for EV batteries when markets rebound, warned industry analysts, executives and consultants.
This news release should be read in conjunction with Lithium Americas’ unaudited condensed consolidated interim financial statements and management's discussion and analysis (“MD&A”) for the three months ended March 31, 2020, which are available on the Company’s website and SEDAR. The Company is exploring financing options for Phase 1 construction, including the possibility of a joint venture partner at Thacker Pass.
VANCOUVER, British Columbia, May 08, 2020 -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the results of its.
NACCO Industries, Inc.® (NYSE: NC) today announced consolidated net income of $6.2 million, or $0.88 per diluted share, for the quarter ended March 31, 2020 compared with consolidated net income of $15.0 million, or $2.15 per diluted share for the quarter ended March 31, 2019. The decrease in consolidated net income was primarily due to lower earnings in the Minerals Management and Coal Mining segments, modestly offset by improved earnings in the North American Mining segment and a favorable change in taxes.
Australian lithium developer ioneer Ltd on Wednesday forecast production costs for its Nevada lithium mine far below current prices for the white metal, implying large margins once it begins production in 2023. Albemarle Corp is the only current U.S. producer of lithium. On Wednesday, ioneer published the definitive feasibility study for its Rhyolite Ridge lithium and boron project in the northern part of Nevada, forecasting cash costs of about $2,510 per tonne of lithium carbonate.
Argentina's fledgling lithium sector has been torpedoed by the global spread of coronavirus, with operations stalled by a nationwide crackdown and some projects being abandoned as the pandemic has sharpened economic concerns in the country. Argentina is part of South America's so-called "lithium triangle," a major sources of the light metal that is key to the development of electrified vehicles. It has been pushing new projects to catch up with neighboring lithium powerhouse Chile.
The coronavirus pandemic is hobbling U.S. efforts to produce lithium, rare earths and other materials used in electric vehicles and high-tech equipment, dealing a blow to President Donald Trump's plan to curb Chinese control of the strategic minerals sector. As the pandemic has killed nearly 20,000 across the globe, U.S. junior miners have slowed engineering work, environmental reviews and loan applications. "We can just hit pause," said Keith Phillips, chief executive of North Carolina's Piedmont Lithium Ltd.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") today announced that construction activities at the Cauchari-Olaroz lithium project (“Caucharí-Olaroz” or the “Project”) in Jujuy, Argentina, are temporarily suspended, in accordance with government-mandated restrictions in response to COVID-19. On March 19, 2020, the government of Argentina enacted the Urgency Decree (DNU) #297/20 ordering, among other provisions, a national mandatory quarantine effective from March 20, 2020 until March 31, 2020. Accordingly, development work at Caucharí-Olaroz will be suspended immediately and the Project will be placed on care and maintenance.
This news release should be read in conjunction with Lithium Americas’ audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2019, which are available on the Company’s website and SEDAR. Construction activities at Caucharí-Olaroz continue to advance in accordance with the 40,000 tonne per annum (“tpa”) of battery-quality lithium carbonate development plan.
VANCOUVER, British Columbia, Feb. 11, 2020 -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced that the Company will be attending.
Lithium Americas Corp. (LAC) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce that it has entered into definitive agreements with Ganfeng Lithium Co., Ltd. (together with its subsidiaries, “Ganfeng Lithium”) in respect to their joint venture company, Minera Exar S.A. (“Minera Exar” or “JV”) (collectively, the “Transaction”). Minera Exar owns 100% of the Caucharí-Olaroz lithium project (“Caucharí-Olaroz” or the “Project”) currently under construction in Jujuy, Argentina. Ganfeng Lithium has agreed to subscribe for new shares of Minera Exar for cash consideration of US$16 million increasing its interest from 50% to 51%, with Lithium Americas owning the remaining 49%.
Thacker Pass is 100% owned by Lithium Nevada Corp. (“Lithium Nevada”), a Nevada corporation that is a wholly-owned subsidiary of Lithium Americas. The NOI formally commences the National Environmental Policy Act (“NEPA”) EIS preparation and public engagement process by the U.S. Department of the Interior Bureau of Land Management (“BLM”).
U.S. regulators have moved a step closer toward approving Lithium Americas Corp's Nevada mine for the white metal, launching a review process that could result in final permits to build by 2021. Albemarle Corp is the only current U.S. producer of lithium. The U.S. Department of the Interior filed paperwork to ask for public comment over the next year on the Thacker Pass project's environmental impact statement, according to a post on a government website dated Jan. 21.
Lithium Americas’ presentation for the conference will be posted on the Company’s website at www.lithiumamericas.com/investors. Lithium Americas is developing the Caucharí-Olaroz lithium brine project under construction in Jujuy, Argentina through a 50/50 joint operation with Ganfeng Lithium Co. Ltd. In addition, Lithium Americas is advancing the 100% owned Thacker Pass lithium project located in Nevada and the largest known lithium deposit in the United States.
Lithium Americas Corp. (LAC.TO) (LAC.TO) ("Lithium Americas" or the "Company") has announced its financial and operating results for the three months ended September 30, 2019. This news release should be read in conjunction with Lithium Americas’ unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the nine months ended September 30, 2019, which are available on the Company’s website and SEDAR. Lithium Americas is also pleased to announce that it has filed the previously announced Updated Feasibility Study and Mineral Reserve Estimation to Support 40,000 tpa Lithium Carbonate Production at the Cauchari-Olaroz Salars, Jujuy Province, Argentina, with an effective date of August 19, 2019, on SEDAR.
Lithium Americas Corp. (LAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We note that the Lithium Americas Corp. (TSE:LAC) Chief Technical Officer, Rene LeBlanc, recently sold US$95k worth of...
Rio Tinto Plc is studying ways to extract lithium from waste rock at a mine it controls in California, making it the latest company trying to produce the battery metal in the United States for the fast-growing electric vehicle market. The move by Rio comes as U.S. politicians and regulators push to expand domestic mining of so-called strategic minerals used to make EV batteries and other high-tech equipment. Rio has produced borates - a group of minerals used to make soaps, cosmetics and other consumer goods - for nearly a century in the Mojave Desert, about 120 miles (195 km) north of Los Angeles.
Lithium Americas Corp. (LAC.TO) (LAC.TO) ("Lithium Americas" or the "Company") today announced the appointment of Dr. Yuan Gao to its Board of Directors. "We are pleased to welcome Dr. Gao to Lithium Americas' Board of Directors,” commented George Ireland, Lithium Americas' Chairman.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Lithium Americas Corp on Monday boosted its budget and production forecast for Argentina's Cauchari-Olaroz lithium brine project, a bullish move linked to the electric vehicle revolution, sending its shares up more than 4 percent in after-hours trading. The move is a tacit bet by the company and partner Ganfeng Lithium Co Ltd that a projected surge in long-term demand for the white metal will overcome any short-term concerns about Argentina's economy. Embattled President Maurio Macri has initiated capital controls to protect the peso currency and is expected by many to lose re-election next month.
Lithium Americas Corp. (LAC.TO) (LAC.TO) ("Lithium Americas" or the "Company") is pleased to provide results of a 40,000 tonnes per annum (“tpa”) definitive feasibility study (“40,000 tpa DFS" or “DFS”) on the Caucharí-Olaroz lithium project ("Caucharí-Olaroz" or the “Project”) currently under construction in Jujuy Province, Argentina. Caucharí-Olaroz is 100% owned by Minera Exar S.A. (“Minera Exar”), a 50/50 joint venture between Lithium Americas and Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”).