A mining developer digging up lithium in Nevada and Argentina to feed EV battery supply chains, with Thacker Pass as its flagship U.S. project.
No revenue yet; it burns cash, posting USD -0.12B net loss in 2025 and USD -0.04B in 2024. Money comes only from future lithium sales, not current operations.
Thacker Pass is one of the largest known U.S. lithium deposits, giving land-based scarcity that Albemarle and SQM can't easily replicate. But funding gaps and project delays weaken its edge, so moat is eroding.

Key events, in time order
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice