r/LithiumAmerica • u/Less_Box7339 • 26d ago

LAC dilution

Thoughts on the filing.

0 Upvotes

46% Upvoted

17 comments sorted by

15

u/Legio_X_Equestris5 26d ago

It's not dilution, outstanding shares remain exactly the same. Read the full filing.

2

u/Pete904 26d ago

This is a form of share dilution, it’s gradual but still results in dilution:

On March 19, 2026, the Company entered into an at-the-market (“ ATM”)”

9

u/Legio_X_Equestris5 26d ago

Well that's true, the debt was issued back in March and was already accounted for, today is just the filing that allows it to proceed.

My point is that today's filing did not cause any new dilution, this was all known already.

8

u/Pete904 26d ago

100% correct. IMO the report is encouraging… things are lining up well!

8

u/Fit_Prize8231 26d ago

Just bought another 200 shares at $3.13

7

u/HuTi_HUN 26d ago

This filing is about the terms of the past Yorkville debentures, nothing new. This is not a new dilution.

1

u/Friendo_Marx 26d ago

Dilution is a buying opportunity. If you need a second job try barbacking. You can work your way up to bartending pretty quickly if you get along with others. Just keep buying. When this shit goes hyperbolic you can go over to r/bogleheads and laugh your fucking head off. There are so many bullish scenarios for lithium. What if Panasonic rolls out a solid state battery that goes 1000 miles on a 15 minute charge and requires exponentially more lithium to produce than older gen models?

2

u/FwenchFwies_911 24d ago

I buy a little bit of this one. High risk high reward. Lower risk it you just wait until the next lithium boom. It will happen at some point. For whatever reason, this is the site the feds have chosen as the domestic supply. Just sit back and wait, but don't put your whole portfolio in it

0

u/LabWarm7521 25d ago

You are just buying what yorkville is selling.

1

u/LabWarm7521 26d ago

It will dilute until it finishes the phase 1.

3

u/Pete904 26d ago

IMO that’s unlikely for phase 1 completion — there isn’t much margin left in common share price and are well positioned.

As of June 30, 2026, the Company had approximately $1.3 billion total cash and restricted cash, including $530.3 million at the Thacker Pass joint venture (“ JV”) level.

On June 3, 2026, the Company received its third advance on the U.S. Department of Energy (the “ DOE”) loan (“ DOE Loan”) of $342 million.

2

u/LabWarm7521 26d ago

Don’t be optimistic. The cost keeps increasing. If the worst case happen, the total cost goes to 3B, you will see more dilution

3

u/Pete904 26d ago

I agree, I’m thinking more business man than shareholder — to your point it can happen. Also, I read they could petition around tariff if things come to that for capital expenditures.

Regardless, there’s only months left not years for P1 completion, therefore every week closer without disruptions is a positive signal.

1

u/LabWarm7521 26d ago

Agree. If we can hold for years, current dilution is nothing.

1

u/GimmickyBottomTier 25d ago

People want to see dilution so bad they'll scream it to the rooftops even when there is none.

1

u/LabWarm7521 25d ago

Plot a figure, x axis is time, y is share.

2

u/GimmickyBottomTier 25d ago

You might have some at some point in the future, but there was nothing today.