Lithium Americas provided a robust update on its Thacker Pass lithium project, outlining 2025 achievements, 2026 capital expenditure guidance, and upcoming development milestones for the Phase 1 construction.

“2025 was a pivotal year for Lithium Americas and the Thacker Pass Project with Phase 1 construction well underway,” said Jonathan Evans, President and CEO of Lithium Americas.

“Safety remains our top priority, processing facilities are rising and critical equipment and materials are arriving daily. As planned, we expect to reach peak construction employment of roughly 1,800 skilled craftspeople by year-end. Lithium market conditions are strengthening just as the project prepares to come online in late 2027, with full ramp-up through 2028.”

Evans emphasized the strategic importance of the project, stating, “Thacker Pass represents a unique opportunity to build a secure, resilient North American lithium supply chain. We value our partnership with the federal government and the support of local, state and federal leaders who share our commitment to strengthening America’s energy future.”

Lithium Americas targets a Capex range of $1.3 billion to $1.6 billion for Thacker Pass Phase 1, positioning the project to meet its construction and commissioning milestones on schedule.