Lithium Americas Corp T.LAC

Alternate Symbol(s): LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers) northwest of Winnemucca, in Humboldt County, northern Nevada. Its subsidiaries include RheoMinerals Inc., KV project LLC, and 1339480 B.C. Ltd.

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Post by Moemoney42on Jan 11, 2022 11:49am

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Post# 34303876

Oh look!!

Lithium Americas grabs two analyst upgrades on coming catalysts, valuation

Jan. 11, 2022 10:43 AM ETLithium Americas Corp. (LAC), LITALB, SQMBy: Carl Surran, SA News Editor2 Comments

Lithium Americas (LAC +6.1%) pops in early trading after winning two upgrades: Piper Sandler upgrades shares to Overweight from Neutral with a $41 price target, and Deutsche Bank hikes the stock to Buy from Hold with a $34 PT.
Piper analyst Greg Tuttle says Lithium Americas "holds the keys to a multitude of game changing catalysts" related to the Thacker Pass mine in Nevada, which could receive court permits later in the current quarter.
Tuttle sees management's willingness to deploy capital for road work development on the heels of provisionary permits for Thacker Pass as a positive signal.
Also, Tuttle notes the Cauchari project in Argentina likely will come online in H2 2022, as the joint venture already is priming its facilities to prepare for a slow ramp process.
Deutsche Bank's Corinne Blanchard raises shares primarily on valuation following a 28% drop since late November.
Blanchard taps Lithium Americas, Albemarle (ALB +1.5%) and SQM (SQM +3.2%) as her top picks in the space, seeing the trio as well positioned to benefit from tight supply and rising electric vehicle demand leading to a growing deficit.