Jul. 2 at 8:53 AM
$LAC Duffy Fischer has given his Hold rating due to a combination of factors tied to both the strengths and the risks of Lithium Americas. On the positive side, he sees Thacker Pass as a strategically important, large-scale source of U.S. lithium with attractive ore quality, which should support competitive operating costs once the multi-phase build-out is complete.
At the same time, Fischer notes that the project’s appeal is reinforced by deep support from GM and the U.S. Department of Energy, along with more than
$4.5BN of secured funding that exceeds expected development needs. However, he also emphasizes that, despite these advantages, a first-of-its-kind mining project still faces meaningful construction and execution risks, leading him to conclude that a Neutral stance is appropriate at the current valuation and stage of development.
