LAC:CC - Lithium Americas GAAP EPS of $0.16

2023-08-09 17:18:50 ET

• Lithium Americas press release ( NYSE: LAC ): Q2 GAAP EPS of $0.16.
• In June 2023, Caucharí-Olaroz achieved first lithium production as the project advances commissioning and ramp up to Stage 1 capacity of 40,000 tonnes per annum (“tpa”) of battery-quality lithium carbonate (”Li ₂ CO ₃ ”), which is scheduled to be completed in mid-2024.
• As of June 30, 2023, $895 million of the $979 million total expected capex has been spent (on a 100% basis). As of June 30, 2023, the Company expects its remaining funding requirement to be less than $25 million for capital costs, value added taxes and working capital to reach positive cash flow.
• As at June 30, 2023, the Company had $502.0 million in cash and cash equivalents and short-term bank deposits, with an additional $75 million in available credit.
• Shares +0.59% AH.

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