Lithium Americas Corp. Files 8-K Report
Ticker: LAC · Form: 8-K · Filed: Jan 7, 2025 · CIK: 1966983
Sentiment: neutral
Topics: filing, financials, corporate-update
TL;DR
Lithium Americas filed an 8-K on Jan 7, 2025, mostly financial exhibits and other events.
AI Summary
On January 7, 2025, Lithium Americas Corp. filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with other events and a Regulation FD disclosure. The company, formerly known as 1397468 B.C. Ltd. until February 23, 2023, is incorporated in British Columbia and has its principal executive offices in Vancouver, Canada.
Why It Matters
This filing provides updated information and disclosures for Lithium Americas Corp., which is crucial for investors and stakeholders to assess the company's current status and any material events.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report detailing financial statements and other events, not indicating any immediate significant risks.
Key Players & Entities
- Lithium Americas Corp. (company) — Registrant
- January 7, 2025 (date) — Date of earliest event reported
- 1397468 B.C. Ltd. (company) — Former company name
- February 23, 2023 (date) — Date of name change
- Vancouver, Canada (location) — Address of principal executive offices
FAQ
What is the primary purpose of this 8-K filing for Lithium Americas Corp.?
The filing serves as a Current Report, primarily detailing financial statements and exhibits, along with other events and a Regulation FD disclosure.
When was the earliest event reported in this filing?
The earliest event reported was on January 7, 2025.
What was Lithium Americas Corp. formerly known as, and when did the name change occur?
The company was formerly known as 1397468 B.C. Ltd., and the name change occurred on February 23, 2023.
Where are the principal executive offices of Lithium Americas Corp. located?
The principal executive offices are located at 3260 - 666 Burrard St, Vancouver, British Columbia, Canada, V6C 2X8.
What is the Standard Industrial Classification (SIC) code for Lithium Americas Corp.?
The SIC code for Lithium Americas Corp. is 1000, which corresponds to Metal Mining.
Filing Stats: 4,726 words · 19 min read · ~16 pages · Grade level 11.7 · Accepted 2025-01-07 06:57:12
Key Financial Figures
- $202.8 million — value for the Thacker Pass property was $202.8 million. Mineral Tenure Thacker Pass is comp
- $200.00 — nder the Mining Act . The annual fee of $200.00 per claim is payable to the BLM, Depart
- $12.00 — terior, Nevada, in addition to a fee of $12.00 per claim paid to the county recorder o
- $22 million — til aggregate royalty payments equaling $22 million have been paid, at which time the royal
- $47.6 million — the Thacker Pass plan of operations of $47.6 million. Financial assurance in the amount of $
- $13.7 million — n. Financial assurance in the amount of $13.7 million for the initial work plan was placed wi
Filing Documents
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From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 7, 2025 LITHIUM AMERICAS CORP. (Exact name of Registrant as Specified in Its Charter) British Columbia 001-41788 Not Applicable (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 3260 - 666 Burrard St Vancouver , British Columbia , Canada V6C 2X8 (Address of principal executive offices, and Zip Code) ( 778 ) 656-5820 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Shares, no par value per share LAC New York Stock Exchange Toronto Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item7.01 Regulation FD Disclosure. On January 7, 2025, Lithium Americas Corp. (the "Company") issued a press release announcing an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Humboldt County, Nevada ("Thacker Pass"), including the release of an independent National Instrument 43-101 ("NI 43-101") technical report entitled "NI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA," dated effective December 31, 2024 and an independent S-K 1300 technical report (the "SK 1300 Technical Report") entitled "S-K 1300 Technical Report Summary on the Thacker Pass Project Humboldt County, Nevada, USA" dated December 31, 2024. A copy of this press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information in this Item 7.01 or Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under Securities Act of 1933, as amended, or the Exchange Act. Item8.01 Other Events. Detailed Property Description For a complete description of the Thacker Pass lithium project in Humboldt County, Nevada (" Thacker Pass " or the " Project "), see: the report entitled "S-K 1300 Technical Report Summary on the Thacker Pass Project, Humboldt County, Nevada, USA", current as of December 31, 2024 (the " Thacker Pass S-K 1300 Report "), prepared for the Company by SGS Canada Inc., Sawtooth Mining, LLC, a subsidiary of NACCO Natural Resources Corporation, NewFields Mining Design & Technical Services and EXP U.S. Services Inc., each of which are independent companies and not associates or affiliates of the Company or any associated company of the Company; and the report entitled "NI 43-101 Technical Report on the Thacker Pass Project, Humboldt County, Nevada, USA" effective as of December 31, 2024 (the " Thacker Pass TR "), which has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. The Thacker Pass TR was prepared by William van Breugel, P. Eng., Johnny Canosa, P. Eng., Joseph M. Keane, P.E., Benson Chow, RM-SME, Kevin Bahe, P.E., Paul Kaplan, P.E., and Walter Mutler, P.Eng., each of whom is a "qualified person" for the purposes of NI 43-101, for those sections of the Thacker Pass TR that they are responsible for preparing. The Thacker Pass S-K 1300 Report and the Thacker Pass TR are referred to as the "Reports". The information contained in this section has been derived from the Reports, is subject to certain assumptions, qualifications and procedures described in the Reports, some of which are not fully described herein, and is qualified in its entirety by the full text of