Lithium Americas Corp 2026年季度报告

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Theregistrant had 351,062,478 common shares outstanding as at May 13, 2026. PART I Item 1.Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33 PART II Item 1.Legal Proceedings34Item 1A.Risk Factors34Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 3.Defaults Upon Senior Securities34Item 4.Mine Safety Disclosures34Item 5.Other Information34Item 6.Exhibits35Signatures37 Cautionary Statement Regarding Forward-Looking Statements This quarterly report on Form 10-Q, including the documents incorporated by reference, contains “forward-lookinginformation” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within themeaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements” (“FLS”)). All statements, other than statements of historical fact, are FLS and can be identified by the useof statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,”“will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,”“might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,”“would,” “might” or “will” be taken, occur or be achieved. FLS in this quarterly report, including the documents incorporated byreference, includes, but is not limited to: statements relating to the anticipated sources and uses of funds to complete projectfinancing, statements relating to the JV Transaction (as defined herein) with GM (as defined herein), the DOE Loan (asdefined herein), the Orion Investment (as defined herein), the LAC Warrant (as defined herein) the JV Warrant (as definedherein), and the Put, Call and Exchange Agreement (as defined herein), including statements regarding satisfaction of drawdown conditions on the DOE Loan, expectations about the extent to which the JV Transaction, the DOE Loan, including anyamendments thereto, the Orion Investment, the LAC Warrant, the JV Warrant and cash on hand would fund the developmentand construction of Thacker Pass (as defined herein) on schedule or at all; project de-risking initiatives and the extent towhich work to date has de-risked project execution; the expected operations, financial results and condition of the Company;expectations related to the construction build, job creation and nameplate capacity of Thacker Pass as well as otherstatements with respect to the Company’s future objectives and strategies to achieve these objectives, including the futureprospects of the Company; the estimated cash flow, capitalization and adequacy thereof for the Company; the estimatedcosts of the development of Thacker Pass, including timing, progress, approach, continuity or change in plans, construction,commissioning, expected milestones, anticipated production and results thereof and expansion plans; cost and expectedbenefits of the transloading terminal; cost and expected benefit of the limestone quarry; anticipated timing to resolve, and theexpected outcome of, any complaints or claims made or that could be made concerning the permitting process in the UnitedStates for Thacker Pass; the timely completion of environmenta