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home / news releases / LAC - Backdoor U.S. Lithium Play: NACCO

LAC - Backdoor U.S. Lithium Play: NACCO

Lithium Americas Corp.
  • NACCO will be the main mine builder and operator of Lithium America's Thacker Pass in Nevada.
  • The company is exiting the coal mining business over time, in favor of more environmentally friendly, higher-growth operations.
  • Profitable operations (12% net profit margin on trailing results) and a solid balance sheet are noteworthy.
  • The stock may be mispriced as a dying coal business, as other segments will provide the bulk of sales and all the growth into 2023-24.
  • Underlying technical strength is evident on NACCO's chart.

For further details see:

Backdoor U.S. Lithium Play: NACCO
Stock Information
Company Name: Lithium Americas Corp.
Stock Symbol: LAC
Market: NYSE
Website: lithiumamericas.com
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