US-listed shares of Lithium Americas climb after it swings to Q2 profit

Lithium Americas

13/08/2026 12:40

** U.S.-listed shares of Canada-based Lithium Americas LAC.N LAC.TO up 5.2% at $3.43 premarket
** Company reports Q2 profit compared with a loss a year earlier, driven by higher interest income, the absence of transaction costs incurred last year and gains linked to its JV warrant and convertible notes
** Posts Q2 net income of $1.7 mln versus a loss of $13.2 mln a year earlier
** Q2 transaction costs fall to zero from $13.3 mln, reflecting Orion investment-related and Thacker Pass FID advisory fees
** LAC's other income in Q2 increased to $6.7 mln versus $1.4 mln a year ago, due to higher interest income
** Q2 results also benefited from a $4.5 mln gain on the JV warrant obligation and a $5.7 mln gain on the embedded derivative associated with the company's convertible notes
** As of last close, LAC is down 25.2% YTD

(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))