Lithium Americas' Phase 1 Thacker Pass Lithium Project Construction on Track for Mechanical Completion in Late 2027

07:32 AM EST, 11/11/2026 (MT Newswires) -- Lithium Americas' (LAC) phase 1 construction at its Thacker Pass lithium project in Nevada is on track for mechanical completion late 2027, with ramp-up to commercial production targeted in 2028, the company said Wednesday. Capital cost estimate for Thacker Pass phase 1 increased to $3.83 billion, including contingency, from the previous estimated of $2.93 billion, Lithium Americas said. The company said it expects to fund the additional requirement from its contributions and loan reserve funding from the US Department of Energy. At full capacity, Thacker Pass is expected to produce 40,000 tonnes per year of battery-quality lithium carbonate, according to Lithium Americas.