For the quarter ending 2026-03-31, LAC has $3,112,729K in assets. $1,235,849K in debts. $758,512K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash (note 2) | 758,512 | 568,226 | 385,307 | 508,852 |
| Restricted cash | 449,113 | 337,383 | - | - |
| Receivables | 3,125 | 4,110 | 2,029 | 577 |
| Prepaids and deposits | 1,652 | 1,920 | 1,291 | 2,286 |
| Total current assets | 1,212,402 | 911,639 | 388,627 | 511,715 |
| Investments measured at fair value (note 14) | 256 | 4,863 | 5,362 | 1,951 |
| Restricted cash | - | - | 288 | 288 |
| Total mineral properties, plant and equipment | 1,698,864 | 1,358,227 | 1,047,686 | - |
| Accumulated depreciation | 31,567 | 14,223 | 7,185 | - |
| Mineral properties, plant and equipment, net (note 3) | 1,667,297 | 1,344,004 | 1,040,501 | 810,086 |
| Deferred financing costs (note 4) | 224,398 | 311,808 | 14,024 | 12,066 |
| Other assets | 8,376 | 6,734 | 2,724 | 2,981 |
| Total assets | 3,112,729 | 2,579,048 | 1,451,526 | 1,339,087 |
| Accounts payable | 70,110 | 87,848 | 47,003 | 5,952 |
| Accrued liabilities (note 6) | 88,825 | 83,441 | 50,510 | 40,165 |
| Current portion of lease liabilities (note 7) | 5,787 | 5,530 | 5,603 | 5,685 |
| Total current liabilities | 164,722 | 176,819 | 103,116 | 51,802 |
| Convertible debt and conversion feature (note 8) | 149,439 | 160,017 | 386,985 | 186,901 |
| Warrant obligation (note 4)-LACWarrants | 0 | 83,796 | - | - |
| Warrant obligation (note 4)-JVWarrants | 144,888 | 150,295 | - | - |
| Doe loan | 702,868 | 350,987 | - | - |
| Royalty and production payment arrangements (note 8) | 53,156 | 50,844 | 48,684 | 46,664 |
| Lease liabilities (note 7) | 16,803 | 15,668 | 12,732 | 14,097 |
| Reclamation liabilities | 473 | 473 | 288 | 288 |
| Other liabilities | 3,500 | 3,500 | 3,500 | 3,500 |
| Total liabilities | 1,235,849 | 992,399 | 555,305 | 303,252 |
| Non-controlling interest (note 5) | 532,932 | 527,895 | 420,587 | 419,514 |
| Common stock, no par value, unlimited authorized 347,370 and 314,335 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively (note 9) | 1,477,018 | 1,279,902 | 729,200 | 670,636 |
| Additional paid-in capital | 88,487 | 0 | 22,949 | 24,516 |
| Accumulated deficit | -221,557 | -221,148 | -276,515 | -78,831 |
| Total stockholders' equity | 1,343,948 | 1,058,754 | 475,634 | 616,321 |
| Total liabilities, non-controlling interest and stockholders' equity | 3,112,729 | 2,579,048 | 1,451,526 | 1,339,087 |
LITHIUM AMERICAS CORP. (LAC)
LITHIUM AMERICAS CORP. (LAC)