Lithium Americas Corp

LAC: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 54.00	Wllv	Ngcqsmqn

Lithium Americas Earnings: Thacker Pass in Full Scope After Separation

Seth Goldstein

Nov 10, 2023

Lithium Americas reported its fiscal 2023 third quarter, its first update as a standalone company after the separation from Lithium Argentina. Thacker Pass is the sole focus of the company, which began construction earlier this year. We maintain our $20 fair value estimate and a no-moat rating. Our CAD fair value estimate has increased to CAD 28 from CAD 27 due to currency movements.

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