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Lithium Americas Rated Sector Perform by National Bank of Canada as Shares Surge

BY MT Newswires | ECONOMIC | 09/24/25 11:16 AM EDT

11:16 AM EDT, 09/24/2025 (MT Newswires) -- National Bank of Canada Wednesday kept Lithium Americas (LAC) 's sector perform rating and $5 price target.

The bank said a possible involvement by the US government in Lithium Americas' (LAC) Thacker Pass project could derisk the project's financials during the construction period, as well as the future revenues required through initial offtakes.

Reuters has reported the Trump administration is seeking up to a 10% equity stake in Lithium Americas (LAC) as part of renegotiations around the US$2.26 billion U.S. DOE loan for the project.

National Bank reiterated the rating and price target as it awaits further details from the development.

Lithium Americas' (LAC) share price surged 95% at last look to $8.20 on the TSX.

Price: 8.21, Change: +3.99, Percent Change: +94.55

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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