Lithium Americas (LAC.TO) said Friday that its 2024 net loss surged and came in higher than analysts' forecasts.
The company posted a 2024 net loss of US$42.6 million, or US$0.21 per share, compared with a 2023 net loss of US$5.1 million, or US$0.03 per share, and the analyst consensus estimate of US$0.02 loss per share compiled by FactSet.
Lithium Americas attributed the bigger loss to higher transaction costs related to advancing and closing both its loan with the US Energy Department and joint venture over the Thacker Pass project in Nevada. The company also said it recognized a loss on the fair value of financial instruments compared to a gain in the previous year.
"2024 was a transformational year in moving Thacker Pass forward to develop a North American lithium supply chain," President and CEO Jonathan Evans said. "We successfully put in place the partnerships and capital required to develop and construct phase 1 of Thacker Pass, as well as the internal governance and structures to support the growing organization."
Lithium Americas' share price gained 0.3% at last look Friday to US$2.88 on NYSE pre-market trading.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。