Thacker Pass Development & Execution Risks: The successful and timely development of the Thacker Pass project is subject to construction delays, cost overruns, and unexpected technical or logistical challenges, potentially impacting the project timeline and budget.

Lithium Price Volatility Risks: Fluctuations in global lithium prices, driven by supply-demand dynamics, economic conditions, or technological changes, could significantly impact LAC's future revenues and profitability.

Capital Requirements & Financing Risks: Developing Thacker Pass requires substantial capital expenditure, and the company may face challenges in securing adequate financing on favorable terms, potentially leading to equity dilution or increased debt.