Lithium Americas Stock (LAC) Gains Momentum Amid U.S. Government Support
Lithium Americas (LAC) has seen its stock more than double year-to-date, fueled by regulatory tailwinds and potential U.S. government equity participation. The Thacker Pass project in Nevada, backed by Department of Energy funding and General Motors, is on track for commercialization by 2027. While the stock's recent surge reflects optimism, it now trades NEAR fair value, warranting a Neutral outlook.
The company's Phase 1 development benefits from ample funding, mitigating a key risk for pre-revenue mining ventures. Government initiatives to bolster domestic lithium production as a national security priority have provided significant momentum. Market sentiment remains cautious, however, as valuations appear to have priced in near-term expectations.
