This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The critical and specialty minerals stocks box score for Thursday was a horrid 37-129-154 as the TSX Venture Exchange shed 14 points to 803. Jonathan Evans's Lithium Americas Corp. (LAC), down six cents to $2.30 on 4.61 million shares, says that completion of its Thacker Pass mine in Nevada remains on track for late next year, with it expected to ramp up to commercial production in 2028. At full production, it is expected to yield 40,000 tonnes of battery-grade lithium carbonate per year. Despite the company adhering to its schedule "on pace," it is being outpaced by rising costs, with Lithium Americas now expecting to shell out between $1.7-billion (U.S.) and $2-billion (U.S.) this year, a $400-million (U.S.) increase.

Mr. Evans, president and chief executive officer, blathers that Thacker Pass "is on track to deliver America's largest fully integrated source of domestic battery-quality lithium carbonate, and we are building it at pace." He adds that the work is advancing toward peak construction activity by the end of 2026, with mechanical completion targeted for late 2027.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS