Lithium Americas Corp. revised its capital cost estimate for the Thacker Pass lithium project in Nevada to $3.83 billion. The previous estimate was $2.93 billion. The $900 million increase reflects tariffs, logistics, labor wage inflation, and higher engineering, procurement, and construction management costs.
The company said it expects the project's anticipated capital needs to remain funded. Mechanical completion of Phase 1 construction is still targeted for late 2027. The project is expected to ramp up to commercial production in 2028. At full capacity, Thacker Pass is projected to produce 40,000 tonnes of battery-quality lithium carbonate annually.