CA - Lithium Americas: A Mixed Take
2024-02-07 00:11:18 ET
Summary
- Even though Lithium Americas may be out of favor, we reiterate some of the favorable long-term narratives that still hold good.
- As per its latest update provided this month, LAC is expected to get conditional approval of its DOE loan in early 2024.
- The stock continues to suffer from bearish conditions, but as a potential rotational option within the strategic metal universe, it offers some promise.
- Unfavorable sentiment towards lithium themes could cap any meaningful upside.
Long-Term Investment Case
Lithium Americas Corp. ( LAC ) is a small-cap stock that offers exposure to a development-stage lithium project- the Thacker Pass (wholly owned by LAC) located in McDermitt Caldera, Nevada. Passive observers of LAC may wonder what's so great about this?...
Lithium Americas: A Mixed Take