Lithium Americas

LAC

Industrial Materials · Basic Materials

Price

$2.95

+0.01 (+0.34%)

Market Cap

$658.7M

Exchange

New York Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+82.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 133.7M (2021) → 243.7M (2025)

Lithium Americas Corp. is a mining development company focused on producing lithium, a metal used to make batteries for electric vehicles and energy storage systems. Its main asset is the Thacker Pass project in Nevada, which is one of the largest known lithium deposits in the United States. The company does not yet sell products — it is still building its mine and has not started commercial production.

Lithium Americas currently generates no revenue. It funds operations through equity raises and has received a significant loan commitment from the U.S. Department of Energy to help finance Thacker Pass construction. The company's potential competitive advantage is owning a large, domestic lithium resource at a time when the U.S. government wants to reduce dependence on foreign battery materials. The key risk is that mine construction is expensive and complex, and delays or cost overruns could strain the company's finances before it ever ships its first pound of lithium.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+96.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Research and development spending

Insider Activity

11.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~12 months

$1.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-0.5%

Weak — -0.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

0.64

Moderate — manageable debt (0.64)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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