"At the end of the second quarter second quarter, Lithium Americas had $445.5 million in cash compared to $492.35 million at the end of the first quarter. With this amount of cash remaining, Lithium Americas looks to be well-capitalized to self-fund a good portion of Thacker Pass should it be approved (though it looks like the company may get a low-cost loan from the Department of Energy).

This is especially true once we consider the soon-arriving cash flow from Caucharí-Olaroz. Lithium Americas and Ganfeng Lithium (OTC:GNENF, OTCPK:GNENY) are focusing on finishing production capabilities at this point before fully developing the purification plant:

With construction over 90% complete, focus has shifted to prioritize production over completion of all purification circuits. As a result, a portion of the purification process designed to achieve battery-quality is being deferred until early 2023.

At the same time, Lithium Americas reports much of the plant is near commissioning and that the company is transitioning workers from construction to operations. Given what we currently know, I expect "production" in the second half of 2022, but revenue coming from the site (given the deferment of the plant's completion) probably cannot be expected until perhaps the first quarter of 2023."

See the entire article in Seeking Alpha

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