The company posted a larger net loss compared to the same period last year, primarily due to a non-cash loss tied to the fair value change of convertible notes. Significant progress was made in construction and financing of the Thacker Pass project.

Lithium Americas posted a net loss of $24.8 million in Q2 2025, driven by increased expenses tied to the Orion Investment and Final Investment Decision milestones, partially offset by gains on financial instruments.