LAC:CC - Lithium Americas GAAP EPS of -$0.35 misses by $0.25

Lithium Americas press release (NYSE:LAC): Q1 GAAP EPS of -$0.35 misses by $0.25. As at March 31, 2022, the Company had $492 million in cash and cash equivalents with an additional $75 million in available credit. In early April 2022, the site achieved a milestone of 5,000,000 total person hours without a lost time injury. As of March 31, 2021, 82%, or $605 million, of the $741 million capital budget has been spent. On January 25, 2022, the Company completed the acquisition of Millennial and the 100% owned Pastos Grandes project for total consideration of approximately $360 million Shares -2.25% PM.

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Lithium Americas GAAP EPS of -$0.35 misses by $0.25