Track market-moving stories before they get noisy

What happenedAccording to a recent SEC filing dated May 13, 2026, Monashee Investment Management reduced its holding in Structure Therapeutics (GPCR +4.26%) by 175,000 shares during the first quarter. The estimated transaction value was $11.98 million, based on the quarter’s average closing price. The value of Monashee’s GPCR position decreased by $13.24 million over the quarter, a figure that includes both trading and stock price effects.

What else to knowThis was a reduction; the remaining stake accounts for 1.8% of Monashee’s 13F reportable assets.Top five holdings post-filing:LSE: TERN: $15.82 million (8.6% of AUM)NYSE: NEE $15.22 million (8.3% of AUM)NASDAQ: MDLN: $13.35 million (7.3% of AUM)NYSE: NRG: $12.42 million (6.8% of AUM)NYSE: FPS: $10.24 million (5.6% of AUM)As of May 19, 2026, Structure Therapeutics shares were priced at $35.88, up 42.55% from a year earlier, outperforming the S&P 500 by 10.24 percentage points.Company overviewMetricValueMarket Capitalization$2.57 billionEmployees220Net Income (TTM)($170.37 million)Price (as of market close May 19, 2026)$35.88Company snapshotDevelops oral therapeutics for chronic diseases, including type 2 diabetes, obesity, and pulmonary and cardiovascular conditions, with a lead candidate, GSBR-1290, targeting GLP-1 receptor agonism.Operates a clinical-stage biopharmaceutical business model, investing in R&D to advance proprietary small-molecule drugs through clinical trials for future commercialization.Targets healthcare providers and patients with unmet medical needs in metabolic, pulmonary, and cardiovascular disease markets.Structure Therapeutics is a clinical-stage biotechnology company specializing in the development of novel oral therapies for chronic and serious diseases. With a focused pipeline led by GSBR-1290 for type-2 diabetes and obesity, the company leverages expertise in G-protein-coupled receptor (GPCR) drug targets to address significant market opportunities. Its strategy emphasizes innovation in small-molecule drug design, aiming to deliver differentiated treatments to large, underserved patient populations.

What this transaction means for investorsMonashee sharply reduced its position in Structure Therapeutics, cutting its holdings from roughly 225,000 shares to about 50,000 shares -- even as the company itself seems to be doing well. So, what does this indicate about Structure's future potential?

The weight loss drug market, especially GLP-1, has become extremely competitive. While it’s still dominated by injectable medications such as Ozempic and Wegovy, oral therapies are gaining ground fast. That’s the market Structure Therapeutics hopes to reach.

Structure continues to post encouraging results in clinical testing. Its lead candidate, aleniglipron, has shown strong results in phase 2 trials. Pill-based treatments could be easier and less costly to manufacture and distribute, and may also be more attractive to patients than injectables.

The question is, who will win the race? Structure is far from the only pharmaceutical company developing oral GLP-1 weight loss medications. Monashee’s decision to significantly reduce its position, rather than fully exit, may signal caution as the race intensifies. Rather than trying to analyze individual pharma stocks, individual investors may prefer an ETF with a broader focus in the GLP-1 industry, such as Roundhill GLP-1 & Weight Loss ETF (NASDAQ: OZEM), which holds several different companies in the space.

Pamela Kock has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Medline. The Motley Fool recommends Forgent Power Solutions. The Motley Fool has a disclosure policy.

Deep Track Capital disclosed a buy of 168,066 additional Structure Therapeutics (GPCR +4.26%) shares in its May 15, 2026, SEC filing, with an estimated transaction value of $11.50 million based on quarterly average pricing.

What happenedAccording to its SEC filing dated May 15, 2026, Deep Track Capital increased its position in Structure Therapeutics by 168,066 shares during the first quarter. The estimated transaction value was $11.50 million, calculated using the average closing price for the quarter. The quarter-end value of the stake decreased by $79.69 million, a change that includes both share purchases and stock price movement.

What else to knowThis buy brought the GPCR stake to 3.37% of the fund's $6.12 billion in reportable U.S. equity holdings as of March 31, 2026.Top holdings post-filing:NASDAQ:GH: $308.35 million (6.36% of AUM)NASDAQ:IMVT: $286.33 million (5.91% of AUM)NASDAQ:TARS: $252.54 million (5.21% of AUM)NASDAQ:PCVX: $249.87 million (5.16% of AUM)NASDAQ:AXSM: $185.92 million (3.84% of AUM)As of Friday, shares were priced at $39.19, up 60% over the past year and well outperforming the S&P 500, which is up about 28% in the same period.Company OverviewMetricValuePrice (as of Friday)$39.19Market Capitalization$2.8 billionNet Income (TTM)($170.3 million)Company SnapshotStructure Therapeutics develops oral small-molecule therapeutics targeting G-protein-coupled receptors (GPCRs) for chronic diseases, with a lead candidate (GSBR-1290) focused on type-2 diabetes and obesity, and additional programs in pulmonary and cardiovascular conditions.The firm operates a clinical-stage biopharmaceutical business model, investing in research and development to advance proprietary drug candidates through clinical trials with the aim of future commercialization and licensing.It targets patients with chronic metabolic, pulmonary, and cardiovascular diseases, addressing unmet medical needs in global healthcare markets.Structure Therapeutics is a clinical-stage biotechnology company headquartered in South San Francisco, California, with a focus on advancing novel oral therapeutics for chronic diseases. The company leverages expertise in GPCR-targeted drug discovery to address significant unmet needs in metabolic and pulmonary indications. Its pipeline and differentiated approach position it to compete in the evolving landscape of oral therapeutics for complex diseases.

What this transaction means for investorsBy adding to a position after a strong run, Deep Track is suggesting it believes important value-creating milestones are still ahead for Structure, even after a nearly 60% run this past year.

The company has been building a compelling case for aleniglipron, its oral GLP-1 candidate. In March, it reported Phase 2 data showing up to 16.3% weight loss at 44 weeks, which management described as the highest efficacy reported among oral GLP-1 drugs and potentially comparable to injectable therapies. The company also received positive end-of-Phase 2 feedback from the FDA and remains on track to begin Phase 3 studies in the third quarter of 2026.

CEO Raymond Stevens said the company is "well positioned" to launch its registrational program and highlighted additional amylin and combination therapy opportunities that could broaden the pipeline.

Structure also remains well-funded, ending the quarter with roughly $1.5 billion in cash, cash equivalents, and short-term investments, enough to support operations through the end of 2028. Ultimately, the key question going forward is whether aleniglipron can continue producing competitive efficacy as it moves into larger studies. If it can, Structure could emerge as a meaningful player in the rapidly expanding obesity market.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Axsome Therapeutics and Guardant Health. The Motley Fool has a disclosure policy.

SAN FRANCISCO, May 26, 2026 (GLOBE NEWSWIRE) -- Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic diseases, with a focus on obesity, today announced that management will participate in two upcoming healthcare conferences in June:

2026 Jefferies Global Healthcare Conference Format:Fireside chat and 1x1 meetings Date/time:Wednesday, June 3 at 12:15 p.m. ET Location:New York, NY   Goldman Sachs 47th Annual Global Healthcare Conference Format:Fireside chat and 1x1 meetings Date/time:Tuesday, June 9 at 10:00 a.m. ET Location:Miami, FL
The live and archived webcasts will be accessible from the company’s website at https://ir.structuretx.com/events-presentations/events and replays will be available for 90 days.

About Structure Therapeutics
Structure Therapeutics is a science-driven clinical-stage biopharmaceutical company focused on discovering and developing innovative oral small molecule treatments for chronic metabolic conditions with significant unmet medical needs. Utilizing its next generation structure-based drug discovery platform, the Company has established a robust GPCR-targeted pipeline, featuring multiple wholly-owned proprietary clinical-stage oral small molecule compounds designed to surpass the scalability limitations of traditional biologic and peptide therapies and be accessible to more people living with obesity around the world. For additional information, please visit www.structuretx.com.

Investors:
Corey Davis, Ph.D.
LifeSci Advisors, LLC
212-915-2577
[email protected]

Jun Yoon
Structure Therapeutics Inc.
[email protected]

Media:
Dan Budwick
1AB
[email protected]

CompaniesJune 5 (Reuters) - Structure Therapeutics (GPCR.O), opens new tab said on Friday its experimental GLP-1 obesity pill did not show any signs of drug-induced liver injury, and patients continued to lose weight even on the lower doses ​of the drug.

The company said only 10.4% of patients taking the experimental small molecule drug, aleniglipron, discontinued ‌treatment.

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The results were presented at the American Diabetes Association meeting in New Orleans and published in a medical journal.

The oral drug has been touted as a potential competitor to Eli Lilly's (LLY.N), opens new tab Foundayo and Novo Nordisk's (NOVOb.CO), opens new tab Wegovy pill.

Patients on Structure's ​once-daily pill lost up to 39 lbs on the 180 mg dose after 44 weeks, compared ​with a placebo, in a mid-stage trial, the company had reported in March. ⁠Patients on the higher 240 mg dose lost 37 lbs or 16% of their weight.

In December, the ​drug had shown weight loss of up to 15.3% with 240 mg dose at 36 weeks. Patients ​taking the 120 mg dose showed a placebo-adjusted mean weight loss of 11.3%.

On Friday, the company said participants who remained on drug in the open-label extension continued to lose weight after a median follow up of 20 weeks, with weight ​loss of 13.3%, 16.2%, and 15.3% in participants who took 45 mg, 90 mg, and 120 mg ​doses of aleniglipron, respectively.

There was also no weight-loss plateau, which Julio Rosenstock, chair of the aleniglipron program steering committee, said ‌was ⁠an important distinction for a once-daily oral, non-peptide GLP-1 receptor agonist to potentially become an additional treatment option for patients.

The company said it saw improved tolerability at a lower 2.5 mg starting dose, adding the data supports the design of its late stage program set to begin in the third quarter of 2026.

Wall ​Street has been focused ​on better tolerability as ⁠a point of differentiation between obesity drugs. Aleniglipron is a oral pill and could appeal more to patients than injectable therapies.

Aleniglipron continues to look competitive on ​efficacy and there is potential for improved tolerability in the late-stage trial, said ​J.P. Morgan ⁠analyst Hardik Parikh.

The most commonly occurring side effects with aleniglipron were gastrointestinal, including nausea, diarrhea, vomiting and constipation.

Structure said a review of each patient's dosing over the course of the study shows that while some required dose ⁠interruptions ​or reductions, vomiting rarely recurred once treatment was resumed or ​the dose was increased again.

Serious adverse effects occurred in one participant who received the 45 mg doses, none who took 90 mg ​and four participants receiving 120 mg.

Reporting by Sriparna Roy and Siddhi Mahatole in Bengaluru; Editing by Arun Koyyur

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Sriparna reports on pharmaceutical companies and healthcare in the United States. She has a master's degree in English literature and post graduate diploma in broadcast journalism.

Structure Therapeutics advances aleniglipron, a potential best-in-class oral GLP-1, into Phase 3 for obesity, supported by strong Phase 2b data. GPCR's $1.5B cash position and a projected cash runway through 2028 underpin its ability to execute pivotal trials and commercial plans. My SOTP analysis yields a fair value of $42.49/share, with aleniglipron's risk-adjusted NPV at $1.34B and pipeline assets included at no additional cost.

Evolv Technologies Holdings, Inc. (EVLV) Q1 2026 Earnings Call Prepared Remarks Transcript

It has been about a month since the last earnings report for 3D Systems (DDD - Free Report) . Shares have lost about 25.7% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is 3D Systems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

3D Systems Posts Narrower Loss in Q4 Earnings, Revenues Rise Y/Y3D Systems reported a fourth-quarter 2025 non-GAAP loss of 13 cents per share, narrower than the reported loss of 19 cents per share in the year-ago quarter. The Zacks Consensus Estimate was pegged at a loss of 11 cents per share.

DDD reported revenues of $106.3 million, down 4.3% year over year but up 16% on a sequential basis. The top line beat the Zacks Consensus Estimate by 7.87%.

DDD’s Q4 Quarterly DetailsProduct revenues declined 11.2% year over year to $62.6 million in the fourth quarter, contributing 59% to total revenues. Services revenues, which accounted for 41% of total revenues, increased 7.7% year over year to $43.7 million.

The company operates through two key segments — Healthcare Solutions and Industrial Solutions — tailored to the diverse industries it serves. Healthcare Solutions focuses on dental, medical devices, personalized health services and regenerative medicine, whereas Industrial Solutions caters to aerospace, defense, transportation and general manufacturing.

In the fourth quarter, Healthcare Solutions’ revenues increased 25% year over year to $50.5 million. MedTech increased more than 8% year over year.

Industrial Solutions' revenues declined 21.1% year over year to $55.8 million. Aerospace and Defense grew 50% year over year.

DDD Q4 Operating DetailsIn the fourth quarter of 2025, DDD’s non-GAAP gross profit fell 5% year over year to $33 million. The non-GAAP gross profit margin declined 30 basis points to 31% due to lower sales volumes.

Adjusted EBITDA loss of $5.3 million in the fourth quarter of 2025 was narrower than the loss of $19.1 million reported in the year-ago quarter.

Non-GAAP operating expense was $42.5 million compared with $58.4 million reported in the year-ago quarter.

3D Systems’ Balance Sheet DetailsAs of Dec. 31, 2025, cash and cash equivalents were $97.1 million, higher than $95.5 million as of Sept. 30, 2025.

As of Dec. 31, 2025, DDD had a total debt of $90.3 million. A total of $3.9 million in debt is scheduled to mature in the fourth quarter of 2026, with the remaining $92 million maturing in 2030.

DDD Offers Positive Q1 Guidance3D Systems expects revenues between $91 million and $94 million for the first quarter of 2026. Adjusted EBITDA loss is expected between $5 million and $3 million.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted -22.73% due to these changes.

VGM ScoresCurrently, 3D Systems has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of this revision has been net zero. Notably, 3D Systems has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

April 28, 2026 07:30 ET  | Source: 3D Systems Inc.

European commercial availability begins May 4, 2026, two months ahead of the previously targeted summer launchCertification expands the addressable market for the Company’s flagship dental printing platform to over 60 million edentulous patients across the US and EU, representing a multi-billion dollar denture marketEarly feedback from the U.S. market launch highlights strong patient satisfaction with denture aesthetics, comfort, and performance using NextDent 300 technology
ROCK HILL, S.C., April 28, 2026 (GLOBE NEWSWIRE) -- 3D Systems (NYSE: DDD) today announced that its NextDent® Jet Base and NextDent® Jet Teeth materials, together with the NextDent 300 MultiJet 3D printer, have received Class IIa certification under the European Union Medical Device Regulation (MDR 2017/745). This regulatory milestone enables immediate commercialization of the complete NextDent Jetted Denture Solution across the EU.

This achievement builds directly on the Company’s full-scope EU MDR certification announced in March 2026 and demonstrates 3D Systems’ leadership in meeting Europe’s most stringent quality, safety, and clinical evidence requirements for moderate-risk medical devices.

The NextDent Jetted Denture Solution is the industry’s first monolithic, multi-material jetted denture workflow. Powered by the NextDent 300 printer and the newly certified Jet Base and Jet Teeth materials, it enables dental labs to produce durable, highly aesthetic, patient-specific monolithic dentures in a single print, fully cured and ready for finishing without additional post-curing steps. This breakthrough delivers superior accuracy, consistency, and production speed compared to traditional analog methods, reinforcing 3D Systems’ leadership across the full spectrum of dentistry: straighten, protect, repair, and replace.

Jeffrey Graves, Ph.D., President and Chief Executive Officer of 3D Systems, stated: “Achieving Class IIa MDR certification for our NextDent Jetted Denture Solution is a major milestone that validates the strength of our clinical data, quality systems, and innovation pipeline. By launching in Europe on May 4, well ahead of our original summer timeline, we are immediately expanding access to this transformative technology for dental labs and clinics across the region. This clearance substantially increases our available addressable market for this high-value platform. As adoption accelerates in both the U.S. and Europe, we expect it to drive significant recurring revenue through premium materials while reinforcing our position as the leading full-service provider in digital dentistry.”

According to internal estimates and market data, the European denture segment represents a multi-billion-dollar opportunity. With this certification, European customers can now access a complete, regulatory-compliant workflow, hardware, certified materials, software, and application expertise, from a single trusted partner.

The NextDent 300 MultiJet printer and associated NextDent Jet Base and Jet Teeth materials will be commercially available in EU markets beginning May 4, 2026, through 3D Systems and its authorized distribution partners.

For more information about the NextDent Jetted Denture Solution, visit: www.3dsystems.com/dental-jetted-dentures

About 3D Systems

For nearly 40 years, 3D Systems has pioneered additive manufacturing solutions that transform how products are designed, prototyped, and produced. As a full-service solutions partner, the Company delivers industry-leading 3D printing technologies, materials, software, and expert application support to high-value markets including medical and dental, aerospace & defense, transportation, and durable goods. More information is available at www.3dsystems.com.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

Investor Contact: [email protected]

Media Contact: [email protected]

May 07, 2026 16:30 ET  | Source: 3D Systems Inc.

New American Formula 1™ team selected seven 3D Systems SLA systems to accelerate critical wind tunnel testing and parts production prior to its 2026 Formula 1™ race debutIndustry-leading SLA materials portfolio is enabling accurate and rapid production of test parts3D Systems’ tightly integrated software, materials and machines, plus expert assistance by 3D Systems, allowed Team to “Race to the Race”
ROCK HILL, S.C., May 07, 2026 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD) announced that Cadillac Formula 1® Team, the newest entrant to the FIA FORMULA ONE WORLD CHAMPIONSHIP, deployed seven SLA 3D printing systems to accelerate critical wind tunnel testing prior to the 2026 FORMULA 1 season, as well as the development of production parts. The combination of these large format additive manufacturing systems, integrated with 3D Systems software, along with Accura® Xtreme White 200, Accura Xtreme Black and Accura HPC materials, enabled rapid and critical wind tunnel testing within rapidly diminishing race deadlines.

3D Systems’ SLA solutions are developed specifically for efficient, high-quality production-grade manufacturing delivering the best in sharp part corners, small extruded and embossed feature details, superior side wall details and smooth layer lines on angled faces in its class. It enables tool-free manufacturing, eliminating weeks of lead time and significantly reducing costs. This was a critical factor while the Cadillac Formula 1® Team qualified for the FIA FORMULA ONE WORLD CHAMPIONSHIP and continues to be essential for continued race car development.

The FIA FORMULA ONE WORLD CHAMPIONSHIP is described by Racecar Engineering magazine as “the greatest challenge a manufacturer of mechanical components may ever be confronted with1.” Indeed, FORMULA 1 racing operates under some of the most stringent technical requirements in all of motorsport. The Cadillac Formula 1® Team worked hard to meet the barriers to entry and secured its place in the 2026 FORMULA 1 season in time for the FORMULA 1 QATAR AIRWAYS AUSTRALIAN GRAND PRIX 2026 in March.

To achieve this, the team worked with 3D Systems’ Application Innovation Group (AIG), a global team of Additive Manufacturing engineers, designers, and technicians who bring expertise to customers to co-develop solutions.

“3D Systems was founded on innovation, pioneering the additive manufacturing industry and we are continuing to lead it into an era of high-precision, highly repeatable production at scale,” said Elvis Perez, Senior Vice President, Sales, 3D Systems. “We are pleased that our work has enabled Cadillac Formula 1® team to enter the 2026 FORMULA 1 season despite the short timelines and strict qualification conditions.”

About 3D Systems

For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

Investor Contact: [email protected] 

Media Contact: [email protected] 

1 “Running a Race car,” 2023, Racecar Engineering magazine.

ROCK HILL, S.C., May 11, 2026 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2026.

Q1 2026 revenue of $95.5 million increased 1% year-over-year, or 11% excluding the impact of divestitures, driven by strong performance in the Healthcare business and double‑digit growth across key markets, including Dental, Med Tech, and Aerospace & Defense.GAAP EPS loss narrowed to $(0.03), or $(0.01) on a non-GAAP basis, while Adjusted EBITDA improved to $2.1 million, reflecting the benefits of higher sales volumes and continued execution of cost reduction initiatives.Robust growth in Dental and Med Tech, each exceeding approximately 20% year-over-year, drove Healthcare to a scale that now rivals the Company's Industrial segment.Early success of recently launched products in Dental and Aerospace & Defense markets, including advanced printing systems for monolithic dentures and high‑performance metal components, is expected to support sustained long‑term revenue growth.Amid ongoing global risks, the Company remains focused on building top-line momentum in key markets over the coming quarters, while maintaining disciplined cost management to achieve our goal of full-year break-even Adjusted EBITDA. Summary of Financial Results
(Unaudited)
   Three Months Ended(in millions, except per share data) March 31, 2026 March 31, 2025Revenue $95.5  $94.5 Gross profit  34.3   32.7 Gross profit margin  35.9 %  34.6 %Operating expense  41.0   69.5 Operating loss  (6.6)  (36.8)Net loss attributable to 3D Systems Corporation  (4.4)  (37.0)Diluted loss per share  (0.03)  (0.28)     Non-GAAP measures for year-over-year comparisons  Non-GAAP gross profit margin  36.1 %  35.0 %Non-GAAP operating expense  36.6   61.6 Adjusted EBITDA  2.1   (23.9)Non-GAAP diluted loss per share $(0.01) $(0.21)          Summary Comments on Results

Dr. Jeffrey Graves, President and Chief Executive Officer of 3D Systems, said, “We are pleased with our first‑quarter performance on both the top and bottom line, which exceeded our initial expectations. Revenue growth was driven by strength in our key markets, including Dental, Med Tech, and Aerospace & Defense. These customers continue to rapidly adopt 3D printing as a core manufacturing technology and expand the range of applications they deploy. In the first quarter, this momentum drove growth rates of more than 20% in our Dental (excluding aligners), Med Tech, and Aerospace & Defense markets. This performance highlights the market‑leading breadth of our additive manufacturing portfolio, spanning direct metal printing and all five major polymer technologies, combined with our deep expertise in advanced applications.”

Dr. Graves concluded, “As the additive manufacturing industry begins to emerge from a multi‑year downturn, our sustained investments in research and development are enabling us to introduce a broad pipeline of new products that are gaining increasing customer traction. While the global economic environment remains uncertain, we are optimistic that, as capital investment activity strengthens, we are well positioned to benefit from the resulting expansion in global manufacturing capacity.”

“Adjusting for divestitures completed in 2025, total revenue increased 11% year over year, demonstrating a return of core revenue growth as we move into 2026” said Phyllis Nordstrom, Chief Financial Officer of 3D Systems. “Strong sales across key product areas, along with a focus on margin expansion, profitability, and efficient cost management, positively contributed to our performance in the quarter. We remain committed to managing costs while making targeted investments in our priority markets to drive profitable growth.”

First Quarter 2026 Results

Total revenue increased 1% to $95.5 million compared to the prior year period. Adjusting for software divestitures completed in 2025, including Geomagic, 3DXpert and Oqton, total revenue increased by 11%.

Healthcare Solutions revenue increased approximately 21% to $50.1 million compared to the prior year period.

Industrial Solutions revenue decreased approximately 15% to $45.4 million compared to the prior year period. Adjusting for divestitures, Industrial Solutions revenue increased 2% year over year.

Gross profit margin increased to 35.9% compared to 34.6% in the prior year period. Non-GAAP gross profit margin increased to 36.1% compared to 35.0% in the prior year period. Adjusting for software divestitures, non-GAAP gross profit margin increased by 600 basis points.

Net loss attributable to 3D Systems Corporation decreased by $32.6 million to $4.4 million compared to the prior year period. The improvement was primarily driven by lower operating expenses, higher sales volume, and favorable revenue mix.

Adjusted EBITDA turned positive, improving by $25.9 million to $2.1 million compared to the prior year period, driven by strong sales, favorable revenue mix, and the impact of prior cost reduction actions. Adjusting for software divestitures, Adjusted EBITDA improved $28.2 million.

Financial Liquidity

At March 31, 2026, the Company had total cash of $86.5 million, which included cash and cash equivalents of $85.1 million and restricted cash of $1.4 million. A total of $3.9 million in principal amount of debt is scheduled to mature in the fourth quarter of 2026, with the remaining $92.0 million principal maturing in 2030.

Second Quarter 2026 Outlook

Revenue:                                                 $93 - $95 million

Adjusted EBITDA:                                  ($4) million - ($2) million

3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation expenses, acquisition expenses, stock-based compensation expense, intangible amortization expense, restructuring expenses, and goodwill impairment, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the Company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

First Quarter 2026 Conference Call and Webcast

The Company will host a conference call and simultaneous webcast to discuss these results on May 12, 2026, which may be accessed as follows:

Date: Tuesday, May 12, 2026
Time: 8:30 a.m. Eastern Time
Listen via webcast: www.3dsystems.com/investor
Participate via telephone: 877-407-8291 or 201-689-8345

A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor.

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the Company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

About 3D Systems

Nearly 40 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the Company is available at www.3dsystems.com.

Investor Contact: [email protected]

Media Contact: [email protected]

3D SYSTEMS CORPORATION
Condensed Consolidated Balance Sheets
(Unaudited)
 (in thousands, except par value) March 31, 2026 December 31, 2025ASSETS    Current assets:    Cash and cash equivalents $85,083  $95,635 Accounts receivable, net of reserves — $4,001 and $3,608  86,237   83,806 Inventories  127,265   127,496 Prepaid expenses and other current assets  42,075   39,770 Total current assets  340,660   346,707 Property and equipment, net  49,023   49,249 Intangible assets, net  16,157   16,614 Goodwill  15,454   15,575 Operating lease right-of-use assets  42,387   45,364 Finance lease right-of-use assets  7,537   7,774 Long-term deferred income tax assets  2,511   2,787 Other assets  39,387   37,658 Total assets $513,116  $521,728 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY    Current liabilities:    Current portion of long-term debt, net of deferred financing costs $3,944  $3,944 Current operating lease liabilities  10,939   11,583 Accounts payable  39,397   41,017 Accrued and other liabilities  49,113   46,656 Customer deposits and deferred revenue  20,020   17,423 Total current liabilities  123,413   120,623 Long-term debt, net of deferred financing costs  86,786   86,394 Long-term operating lease liabilities  42,481   45,420 Long-term deferred income tax liabilities  3,009   2,740 Other liabilities  23,083   24,000 Total liabilities  278,772   279,177 Commitments and contingencies    Redeemable non-controlling interest  —   2,193 Stockholders’ equity:    Preferred stock, 5,000 shares authorized; $0.001 par value; no shares issued and outstanding as of March 31, 2026 and December 31, 2025  —   — Common stock, $0.001 par value, authorized 220,000 shares; shares issued 146,057 and 145,581 as of March 31, 2026 and December 31, 2025, respectively  146   146 Additional paid-in capital  1,622,692   1,620,399 Accumulated deficit  (1,336,784)  (1,332,360)Accumulated other comprehensive loss  (51,710)  (47,827)Total stockholders’ equity  234,344   240,358 Total liabilities, redeemable non-controlling interest and stockholders’ equity $513,116  $521,728  3D SYSTEMS CORPORATION
Condensed Consolidated Statements of Operations
(Unaudited)
   Three Months Ended(in thousands, except per share amounts) March 31, 2026 March 31, 2025Revenue:    Products $57,768  $54,723 Services  37,770   39,817      Total revenue  95,538   94,540 Cost of sales:    Products  36,087   37,365 Services  25,108   24,486      Total cost of sales  61,195   61,851 Gross profit  34,343   32,689 Operating expenses:    Selling, general and administrative  31,348   49,769 Research and development  9,635   19,683      Total operating expenses  40,983   69,452 Loss from operations  (6,640)  (36,763)Non-operating income (loss):    Foreign exchange gain, net  2,638   1,139 Interest income  584   953 Interest expense  (2,164)  (581)Other income (loss), net  3,528   (160)     Total non-operating income  4,586   1,351 Net loss before income taxes  (2,054)  (35,412)Provision for income taxes  (1,483)  (671)Loss on equity method investments, net of income taxes  (1,046)  (903)Net loss before redeemable non-controlling interest  (4,583)  (36,986)Less: net loss attributable to redeemable non-controlling interest  (159)  — Net loss attributable to 3D Systems Corporation $(4,424) $(36,986)     Net loss per common share:    Basic $(0.03) $(0.28)Diluted $(0.03) $(0.28)     Weighted average shares outstanding:    Basic  143,261   132,462 Diluted  143,261   132,462  3D SYSTEMS CORPORATION
Condensed Consolidated Statements of Cash Flows
(Unaudited)
   Three Months Ended(in thousands) March 31, 2026 March 31, 2025OPERATING ACTIVITIES    Net loss before redeemable non-controlling interest $(4,583) $(36,986)Adjustments to reconcile net loss to net cash used in operating activities:    Depreciation and amortization  5,132   5,712 Amortization of debt issuance costs  499   316 Stock-based compensation  2,282   4,168 Non-cash operating lease expense  3,022   2,371 Provision for inventory obsolescence  1,431   1,311 Provision for bad debts  473   325 (Gain) loss on the disposition of businesses, property, equipment and other assets  (320)  128 Provision for deferred income taxes and reserve adjustments  690   1,652 Gain on disposal of investment  (2,576)  — Loss on equity method investment, net of taxes  1,046   903 Changes in operating accounts:         Accounts receivable  (5,645)  (1,231)     Inventories  (2,146)  (1,870)     Prepaid expenses and other current assets  (2,014)  (4,078)     Accounts payable  (2,040)  (2,799)     Deferred revenue and customer deposits  4,759   5,745      Accrued and other liabilities  109   (4,144)All other operating activities  (7,331)  (5,309)Net cash used in operating activities  (7,212)  (33,786)INVESTING ACTIVITIES    Purchases of property and equipment  (2,058)  (2,795)Proceeds from sale of assets and businesses, net of cash sold  100   — Acquisitions and other investments, net of cash acquired  —   (550)Other investing activities  (202)  (67)Net cash used in investing activities  (2,160)  (3,412)FINANCING ACTIVITIES    Purchase of non-controlling interest  (498)  — Taxes paid related to net-share settlement of equity awards  (11)  (285)Other financing activities  (414)  (364)Net cash used in financing activities  (923)  (649)Effect of exchange rate changes on cash, cash equivalents and restricted cash  (289)  1,178 Net decrease in cash, cash equivalents and restricted cash  (10,584)  (36,669)Cash, cash equivalents and restricted cash at the beginning of the year  97,100   172,883 Cash, cash equivalents and restricted cash at the end of the period $86,516  $136,214  3D SYSTEMS CORPORATION
Segment Information
(Unaudited)
     Three Months Ended (in millions) March 31, 2026 March 31, 2025 Revenue:     Healthcare Solutions $50.1 $41.3 Industrial Solutions  45.4  53.2 Total $95.5 $94.5          3D SYSTEMS CORPORATION
Reconciliations of GAAP to Non-GAAP Measures

Presentation of Information in this Press Release

3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP diluted income (loss) per share, non-GAAP operating expense and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems’ core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.

To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items:

amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations;costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees;stock-based compensation expenses, a non-cash expense;charges related to restructuring and cost optimization plans, impairment charges, including goodwill, and divestiture gains or losses;the impact of software divestitures, which were previously included in our Industrial Solutions segment, for pre-divestiture periods in 2025; andcosts, including legal fees, related to significant or unusual litigation matters. Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the company’s products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company’s acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company’s and investors’ ability to compare the company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations. Finally, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration.

The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share.

Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period.

Furthermore, in this press release, 3D Systems reports certain non-GAAP financial measures further adjusted to remove the operating activity related to (i) Geomagic, which the Company divested on April 1, 2025, for $119.4 million in cash, and (ii) 3DXpert and Oqton, which the Company divested on October 31, 2025, for $3.3 million in cash plus a revenue-based royalty of up to $12.9 million (together with Geomagic, the "Software Divestitures"), for periods non-comparable on a year over year basis. The Company believes excluding non-comparable periods allows it to include the operating activity related to Software Divestitures only to the extent that results are comparable year over year.

A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules.

Certain columns may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in thousands.

3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable forward-looking GAAP measure without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges, are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the Company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.

Adjusted Revenue (Unaudited)

  Three Months Ended(in millions) March 31, 2026 March 31, 2025Revenue $95.5 $94.5 Software divestitures  —  (8.5)Adjusted revenue (Non-GAAP) $95.5 $86.0          Non-GAAP Gross Profit and Gross Profit Margin (Unaudited)

  Three Months Ended(in millions) March 31, 2026 March 31, 2025  Gross Profit Gross Profit Margin(1) Gross Profit Gross Profit Margin(1)Gross profit (GAAP) $34.3  35.9% $32.7  34.6%Amortization expense  0.2  0.2%  0.2  0.2%Restructuring expense  —  —%  0.2  0.2%Asset impairment charges  (0.1) (0.1)%  —  —%Gross profit (Non-GAAP) $34.4  36.1% $33.1  35.0%Software divestitures  —  —%  (7.2) (4.9)%Gross profit excluding software divestitures (Non-GAAP) $34.4  36.1% $25.9  30.1% (1) Calculated as non-GAAP gross profit as a percentage of total revenue.

Non-GAAP Operating Expense (Unaudited)

  Three Months Ended(in millions) March 31, 2026 March 31, 2025Operating expense (GAAP) $41.0  $69.5 Amortization expense  (0.7)  (0.8)Stock-based compensation expense  (2.3)  (4.2)Acquisition and divestiture-related expense  (0.2)  (0.9)Legal and other expense  (1.1)  (1.1)Restructuring expense  (0.2)  (0.8)Asset impairment charges  0.1   — Non-GAAP operating expense $36.6  $61.6 Software divestitures  —   (4.9)Non-GAAP operating expenses excluding software divestitures $—  $56.7           Net Loss Attributable to 3D Systems Corporation to Adjusted EBITDA (Unaudited)

  Three Months Ended(in millions) March 31, 2026 March 31, 2025Net loss attributable to 3D Systems Corporation (GAAP) $(4.4) $(37.0)Interest expense (income), net  1.6   (0.4)Provision for income taxes  1.5   0.7 Depreciation expense  4.2   4.7 Amortization expense  0.9   1.0 EBITDA (Non-GAAP)  3.7   (31.0)Stock-based compensation expense  2.3   4.2 Acquisition and divestiture-related expense  0.2   0.9 Legal and other expense  1.1   1.1 Restructuring expense  0.2   1.0 Net loss attributable to redeemable non-controlling interest  (0.2)  — Loss on equity method investment, net of tax  1.0   0.9 Gain on disposal of investment  (2.6)  — Other non-operating income  (3.8)  (1.0)Adjusted EBITDA (Non-GAAP) $2.1  $(23.9)Software divestitures  —   (2.2)Adjusted EBITDA (Non-GAAP) excluding software divestitures $2.1  $(26.1)          Diluted Loss per Share (Unaudited)

  Three Months Ended(in dollars) March 31, 2026 March 31, 2025Diluted loss per share (GAAP) $(0.03) $(0.28)Amortization expense  0.01   0.01 Stock-based compensation expense  0.02   0.03 Acquisition and divestiture-related expense  —   0.01 Legal and other expense  0.01   0.01 Restructuring expense  —   0.01 Gain on disposal of investment  (0.02)  — Loss on equity method investment and other  0.01   0.01 Non-GAAP diluted loss per share $(0.01) $(0.21)

3D Systems Corporation (DDD) Q1 2026 Earnings Call Transcript

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at 3D Systems (DDD - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. 3D Systems currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for DDD that show why this maker of 3D printers shows promise as a solid momentum pick.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For DDD, shares are up 4.3% over the past week while the Zacks Commercial Printing industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 63.89% compares favorably with the industry's 2.43% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of 3D Systems have risen 69.38%, and are up 125.48% in the last year. On the other hand, the S&P 500 has only moved 9.66% and 28.33%, respectively.

Investors should also pay attention to DDD's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. DDD is currently averaging 5,066,604 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with DDD.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DDD's consensus estimate, increasing from -$0.30 to -$0.18 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that DDD is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep 3D Systems on your short list.

June 03, 2026 22:31 ET  | Source: 3D Systems Inc.

ROCK HILL, S.C., June 03, 2026 (GLOBE NEWSWIRE) -- Today, 3D Systems Corporation (NYSE: DDD) (“3D Systems”) announced the pricing of its previously announced upsized underwritten public offering of 16,393,443 shares of common stock at a public offering price of $3.05 per share for total gross proceeds of approximately $50 million. All of the shares of common stock are being offered by 3D Systems. The offering is expected to close on June 5, 2026, subject to customary closing conditions. In addition, 3D Systems has granted the underwriters a 30-day option to purchase up to an additional 2,459,016 shares of common stock at the public offering price, less underwriting discounts and commissions.

Needham & Company and Craig-Hallum are acting as joint book-running managers for the offering.

A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the ”SEC”) and declared effective on May 27, 2026. Copies of the registration statement can be accessed through the SEC’s website free of charge at www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus relating to and describing the terms of the offering were filed with the SEC and are available free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus related to the offering can be accessed through the SEC’s website free of charge at www.sec.gov or obtained free of charge from either of the joint book-running managers for the offering: Needham & Company, LLC, 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, [email protected] or by telephone at (800) 903-3268; or Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 323 N Washington Ave., Suite 300, Minneapolis, MN 55401, by telephone at (612) 334-6300 or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About 3D Systems

Nearly 40 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future.

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding 3D Systems’ expectations regarding the completion of the offering. Forward-looking statements involve known and unknown risks and uncertainties and no assurance can be given that the offering will be consummated on the terms described or at all. Completion of the offering and the terms thereof are subject to numerous factors, many of which are beyond the control of 3D Systems, including market conditions, failure of customary closing conditions and the risk factors and other matters set forth in its periodic filings with the SEC. The forward-looking statements included in this press release are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

Investor Contact: [email protected]

Media Contact: [email protected]

FTSE 100 rises 11 points to 10,443 Nvidia delivers blockbuster earnings overnight but shares down BT, QinetiQ, easyJet, M&B, AJ Bell and ConvaTec report this morning   5.15pm: Stocks little changed The FTSE 100 finished Thursday’s session up 11 points at 10,443, as investors weighed up conflicting geopolitical updates.

Across the Atlantic, a spike in oil prices saw the Nasdaq down 0.4%, the S&P 500 was down 0.3% and the Dow Jones was down 0.2%.   

4pm: FTSE inching higher as news filters from the wires The FTSE 100 has been searching for direction all day, with tentative moves higher and lower.

"Tape bombs" have been making investors nervous or optimistic depending on the news from the wires, says market analyst Chris Beauchamp at IG. 

With the US earnings season essentially now out of the way, "it is back to focusing on Iran for global markets, and today has illustrated the uncertainty of the situation perfectly.

"Stocks had been steady and oil prices had dropped, but then headlines suggested the Iranian supreme leader would not allow enriched uranium to leave Iran.

"Hopes of progress were shattered, at least it seemed that way. But later the headline was denied, leaving investors none the wiser.

"Weeks of this lie ahead, potentially months, but Hormuz remains closed, a ticking timebomb underneath the global economy."

While Iran might not be talking directly to the US, Tehran is reportedly discussing a permanent toll with Oman.  

Such a situation, "unthinkable a few weeks ago, is now perhaps the best option for the global economy," Beauchamp says.

"A slightly higher price for products exiting the strait is infinitely preferable to  the collapse of the global energy system, even if such a toll would represent a major failure for US policy."

On the FTSE 100 leaderboard, the mix of sectors moving, says Patrick Munnelly at Tickmill, "points to a market rewarding selective recovery and company-specific momentum rather than making a blanket call on UK domestic growth".

He says investors are willing to own UK names with identifiable catalysts "but are still cautious on sectors most exposed to politics, rates and consumer strain".

This is because "Westminster risk has not gone away", amidst a likely leadership challenge to Prime Minister Keir Starmer’s position.

This means the domestic equity story will be dogged by a political politcal discount for a while.

"For now, the FTSE can still grind higher on softer rate expectations, global earnings exposure and stock-specific upgrades — but a cleaner re-rating needs political stability, calmer energy markets and clearer evidence that the consumer is not rolling over," says Munnelly. 

3.23pm: US invests in domestic quantum chips  The Dow Jones was lifted into the green after a surge from IBM, jumping over 6% due to the White House supporting a new quantum chip manufacturing venture with $1 billion of funding.

Howard Lutnick's Department of Commerce has signed a letter of intent to back the creation of Anderon, a standalone company that will build what it described as America’s first “pure-play quantum foundry”. IBM will match the government funding with its $1 billion cash investment.

The agreement is part of the US CHIPS programme, which aims to expand domestic semiconductor manufacturing and reduce reliance on overseas supply chains.

2.50pm: Wall Street opens in red Wall Street stocks have opened slightly lower, despite a small gain for Nvidia. 

The Nasdaq has started with a fall of 0.6%, while the Dow Jones has dropped 0.2%, and the S&P 500 0.3%. 

Biggest fallers on the Nasdaq were Intuit, Workday, Atlassian, Adobe and Autodesk as investors rotated out of higher-growth software stocks.

Intel also fell after recent gains, while Walmart was among the weaker blue-chip performers despite its more defensive profile.

Nvidia rose 0.5%, with Tesla and Micro other big-tech gainers.

2.23pm: StanChart asked to explain AI remarks Regulators in Hong Kong and Singapore have asked Standard Chartered for more information after CEO Bill Winters said ​the Asia-focused lender plans to replace "lower-value human capital" with ‌AI.

This is a Bloomberg report, which says the company was asked ​to explain the remarks by the two monetary authorities, including the ⁠impact of job cuts in their local markets.

Hong ​Kong officials asked whether StanChart was using AI as a pretext to ​cut staff, with Stan Chart having said this week that it is looking to axe over 7,000 jobs over the next four years.

1.50pm: Not just any results, these are M&S results Marks and Spencer's strong finish to the 2026 financial year has reinforced confidence in the retailer’s turnaround story, with analysts at two investment bank today arguing the group still has scope for further upgrades despite a cautious outlook.

Deutsche Bank said the chain's results yesterday showed it had exited the year “more strongly than we anticipated”, supporting its view that the business was “back on track” with improving sales growth and recovering margins driven by cost efficiencies.

UBS was similarly upbeat, describing M&S as “the best turnaround in UK retail” and saying recent trading had “reinvigorated the growth narrative”.

1.04pm: Wall Street and Nvidia US stock futures are back in the red again, with Nvidia roughly flat in premarket trading. 

Dow Jones futures are down 0.15%, with the S&P 500 and Nasdaq seen falling 0.3% and 0.45%. 

There's a rebound in US oil prices and government borrowing costs at the heart of this small retreat.

WTI crude, having fallen from almost $108 earlier in the week to below $98 overnight, is now back above $100 a barrel. 

US 10yr Treasury note yields are also up above 4.6% and the dollar index is up 0.1%.

This is "amid struggling US negotiations with Iran to end the war", says analyst John Canavan at Oxford Economics. 

"This week’s data calendar has been slow so far but will pick up with the release of the weekly jobless claims figures, the May Philadelphia Fed manufacturing index, and April housing starts reports just after the open, followed by the May S&P Global services and manufacturing figures just ahead of mid-morning. The Treasury will hold a $19bn 10-year TIPS reopening auction this afternoon."

Nvidia shares are down 0.2%. 

CEO Jensen Huang "crushed it, beating every measure (substantially)", says market analyst Kenny Polcari at Slatestone Wealth, with revenue up 85% and EPS coming in at $1.87 versus $1.77 expected, with guidance for next quarter landed at $91 billion — again ahead of estimates.

"Demand has gone parabolic," Huang said, as "agentic AI has arrived."

There was virtually no reaction in the afterhours session, which Polcari says "is the story this morning", despite "another monster quarter" as "extraordinary has become the expectation".

"When a company delivers one of the greatest earnings runs in market history and the stock barely moves, the market is telling you something. Expectations are stretched. Positioning is crowded. Perfection has already been priced in."

12.30pm: Huge IPOs to spark scramble for cash Deutsche Bank has noted that OpenAI's planned $60 billion initial public offering would be more than double the size of Saudi Aramco's record-setting 2019 listing and on its own would nearly match the total amount raised by all US IPOs at the height of the dot-com boom, also not far short of the $65 billion raised across all US IPOs in both 1999 and 2000, and the $62 billion raised in 2020, and would represent half of the record-breaking $119 billion raised in 2021.

With SpaceX aiming to raise around $75 billion this year and Claud developer Anthropic targeting an IPO as soon as October, with reports suggesting it too may seek to raise more than $60 billion, thematic strategist Adrian Cox acknowledges concerns about the capacity of the market to absorb several hundred billion dollars of IPO issuance in a single year. 

"There will be a scramble to make the most of investor appetite for direct exposure to pure-play AI companies in the public markets," he says.

But Cox notes that the US stock market is now worth approximately $70 trillion, five times larger in nominal terms than at the peak of the dot-com bubble.

Recent signs suggest appetite remains robust: AI chipmaker Cerebras raised $6.4 billion last week in the largest IPO of 2026 so far, with its shares jumping by two-thirds on the first day of trading to give it a market value of roughly $67 billion.

11.49am: Oil price rebound hits Footsie The FTSE has dropped fairly sharply back into the red. 

Autotrader and ConvaTec, down 8.4% and 7.4% are leading the decline. BT Group and Sage are a bit behind, down 3.3% and 2.7%.

All four published numbers today, but apart from the gloomy outlook from Autotrader, none of the results were that bad, but seem to be in the sort of 'shoot the messenger role' of being in the headlines. 

Whitbread is down 3.2%, not helped as UBS put out a note warning investors face a “catalyst light” period for the Premier Inn owner.

The drop for the FTSE mirrors a rise in oil prices, with Brent crude futures up 2.1% to $107 a barrel again. 

US stock futures are flat, with analyst Derren Nathan at Hargreaves Lansdown noting that this is a recovery from declines earlier in the day.

"All the major indices closed up more than 1% yesterday after three consecutive sessions of losses, helped by easing oil prices and expectations of strong quarterly results from the world’s most valuable company NVIDIA. Both numbers and guidance eclipsed expectations but as is so often the case traders took some profits in after-hours, only to recover in today’s pre-market trading."

11.12am: CBI survey adds more gloomy May data The CBI Industrial Trends Survey total orders balance fell to -41 in May, from -38 in April, below the consensus forecast of -40.

In seasonally-adjusted terms, the balance fell to -42, from -36 in April.

Output volumes fell in the three months to May, with manufacturers also expecting output volumes to fall again in the three months to August.

Expectations for selling price inflation picked up in May, for the second consecutive month, to stand at their highest since February 2023.

Total order books were reported as the weakest since September 2020. The volume of export orders was also seen as below “normal” and well below the long-run average.

Stocks of finished goods were reported as adequate in May, but the balance stood below its long-run average.

Senior economist Cameron Martin says the Iran conflict "is feeding through to higher energy costs and renewed supply chain disruption, adding another layer of challenges for manufacturers".

10.39am: FTSE indices in green The FTSE 100 has hustled and bustled its way into positive territory, led by financials, defence and retail. 

Online broker IG Group is top of the list, with ICG and St James's Place in the top ten, possibly due to bonds and read-across to the surge at AJ Bell on the back of results.

Babcock, JD Sports and 3i Group are also all up 2% or more. 

Scottish Mortgage, a big shareholder in SpaceX, is up 2% as the rocket company published its prospectus overnight.

London's mid-caps are further in the green, up 167 points or 0.7% at 23,005, which looks like the highest in over a month. 

AJ Bell is up 13.6%, QinetiQ 10.4% and Investec 5.2% at the top there. 

Looking at QinetiQ, Peel Hunt analyst Andrew Humphrey says the results showed stronger-than-expected margins, earnings and cash generation despite slightly weaker revenue.

"While slightly weaker than consensus forecasts at the profit level, we expect any negative sentiment to be offset by the big dividend increase and extension of the buyback programme."

9.51am: UK economy sent into reverse "The UK economy is facing a perfect storm," says Chris Williamson, chief business economist at S&P Global Market Intelligence on the flash PMI numbers, "as rising political uncertainty adds to the growing impact from the war in the Middle East.

May PMI data indicate that the economy contracted at a 0.2% quarterly rate, he says, a U-turn from the growth in the first quarter.

The survey found businesses reporting falling output, surging inflation, supply shortages and job cuts in the first half of May.

"The blame lies first and foremost with the war in the Middle East, though companies are also noting that domestic politics are taking an increasing toll, driving uncertainty higher, in turn deterring spending, hiring and investment," Williamson says.

"Things could well get worse in the coming months, as we have been seeing some support to manufacturing from precautionary stock building which will inevitably fade once warehouses are full.

"Just as the economy shows signs of sinking into decline, prices are surging higher to herald a marked upturn in inflation in the months ahead as these costs pass through to consumers.

"This combination of a faltering economy and spiking price pressures leaves the Bank of England in a major quandary, facing the growing need to hike rates to help contain inflation but thereby adding to recession risks.”

9.40am: Flash PMI worse than expected UK private sector output fell in May for first time in over a year due to a downturn in the service economy, according to the 'flash' PMI release just out. 

The preliminary reading of the UK services purchasing managers' index for May fell to 47.9 from 52.7 the month before. A 64-month low and well below the forecast 51.7.

The flash UK manufacturing index was unchanged at 53.7, while the manufacturing output index rose to a three-month high of 52.4, up from 51.8. 

9.27am: FTSE paddling After almost an hour and a half of trading, the FTSE is paddling just below the waterline, while most mainland European stock indices are marginally in the green.

Germany's DAX is up 0.3%, but the benchmarks for Paris and Milan are up 0.1%, with Madrid's IBEX a bit flatter.

The Euro Stoxx 600 is up 0.2%, with top risers being QinetiQ and German sector peer Hensoldt, followed by Investec, which has gained 4.7% after releasing annual results.

Pressure from the bond market has continued to ease, with the UK 10-year gilt now down below 5% and US and other government borrowing costs retreating too. 

This largely reflects rising optimism that the US and Iran might reach a deal, which boosted markets yesterday.

President Trump said that the US was in the “final stages” for a possible draft deal to end the conflict, which Iranian agencies confirming that Tehran was reviewing a new draft sent in response to its own 14-point proposal.

Axios reported that Trump and Israel’s Netanyahu had a tense call on Tuesday over a new peace proposal drafted by Qatar and Pakistan.

Brent crude fell below $105 a barrel in the past half hour, but has rebounded to $105.5.

9.03am: M&B falls to 1yr low Mitchells & Butlers PLC (LSE:MAB) shares fell 8.7% after the pub and restaurant group reported flat underlying profits for the first half due to cost inflation, while sales growth slowed.

Current trading has moderated, Anna Barnfather at Panmure notes, down from 4.5% in the first quarter to 1.8% in the second, and the most recent three weeks at 1.1%, reflecting tougher weather-led comparatives, macro pressure on discretionary spend and some tube-strike disruption.

She calls it a "resilient" performance, and notes that industry data shows the LFL growth is ahead of the market. 

The shares are down 8.2% today and 12.4% so far this year, with Barnfather noting that they now trade at a 7.6x PE, "the bottom of the pub sector range" for a valuation that "looks undemanding given M&B is still taking share, deleveraging and investing at attractive returns, with LFL moderation offset by additional cost mitigation". 

8.36am: ConvaTec 'reassuring' ConvaTec's announcement, given the share price weakness in recent months, needed to be reassuring, says Panmure Liberum analyst Seb Jantet. 

"And that is what ConvaTec delivered." However, the shares fell 2.5% still, down around 13% in the year so far. 

He says revenue growth "looks to be in line with expectations" and full-year guidance is unchanged.

"The new news in the statement is that ConvaTec has signed a patch pump supply agreement in IC, which will give it access to the fast-growing patch pump market."

Analysts at Stifel also saw it as "a positive start to 2026", adding that margin guidance was maintained "despite concerns around potential for [cost of goods sold] inflationary headwinds, we expect a relief rally after recent share weakness, which has presented an attractive entry point".

8.15am: FTSE 100 opens lower The FTSE 100 has opened down 40 points at just under 10,393.

Precious metals and copper miners are dragging, but ConvaTec is the biggest faller, down 3.7%.

It being Thurssday, there are some stocks going ex-dividend, with Shell by far the biggest contributor, accounting for 6.84 points of the adjustment, followed by Imperial Brands, Bunzl, Whitbread and Tritax Big Box.

On the FTSE 250, Mitchells & Butlers leads the losses, down 7.9% on its interim results. 

8am: Qinetiq eyes more shareholder returns QinetiQ Group PLC has hiked its dividend 24% and added £200 million to extend its share buyback programme after its biggest year for order intake.

The FTSE 250 defence contractor reported underlying operating profit up 18% to £218 million for the year to March, as operating margins improved to 11.3% from 9.6% following restructuring and cost-cutting measures.

Revenue was broadly flat at £1.92 billion, though organic growth was 1.3%.

After free cash flow rose 41% to £159 million, CEO Steve Wadey said the board is targeting more than £550 million in free cash flow across the 2027-2029 financial years, leading to around £500 million of dividends and share buybacks.

7.51am: easyjet posts wider H1 loss Budget airline easyJet posted a wider first-half loss as the Iran war led to higher fuel costs and reduced visibility into summer bookings, offsetting improvements in passenger numbers and its holidays business.

A pre-tax loss of £552 million for the half-year to March, compared with a £394 million loss a year earlier.

It said forward bookings have slowed since the escalation in Middle East tensions, with customers booking closer to departure dates than normal.

Chief executive Kenton Jarvis says the airline was “well placed to manage the current environment” despite near-term uncertainty linked to the Middle East conflict, supported by "one of the strongest investment‑grade balance sheets in European aviation".

7.32am: BT profits flat, but dividend policy upgraded BT has, alongside its annual results, upgraded its dividend policy and reiterated targets for sharply higher cash generation over the next four years as it expects cost savings and lower capital spending to drive stronger shareholder returns.

The telecoms group saw adjusted revenue fall 4% to £19.6 billion, which was just short of the City consensus forecast of £19.68 billion.

Adjusted EBITDA was flat at £8.2 billion, in line with expectations.

Chief executive Allison Kirkby said the group was “transforming ahead of plan” and reiterated guidance for normalised free cash flow to rise to about £2 billion in the 2027 financial year, with adjusted EBITDA growth flat or slightly higher at £8.2-8.3 billion.

7.17am: FTSE 100 set to start lower, Nvidia drops afterhours The FTSE 100 is set for a frugal start on Thursday after a prosperous previous day on both sides of the Atlantic.

London's blue-chip index has been called 20 points lower on the futures market, chipping away at the gain of almost 102 points made yesterday when it closed at 10,432.34.

There was a bigger bounce in New York overnight, with all three major indexes snapping a three-day losing streak as investors welcomed softer Treasury yields and a sharp drop in oil prices.

The tech-powered Nasdaq led the way, striding 1.5% higher, with the Dow Jones climbing 1.3% and the S&P 500 1.1%.

After the closing bell, Nvidia delivered another blockbuster quarter of earnings and $80 billion of buybacks, but saw its shares fall 1.3% in afterhours trade. with investors difficult to impress after the recent years of breakneck growth from the chip heavyweight.

"It was a garden variety beat – a better than expected top and bottom line with guidance above the Street estimate – and one that was well telegraphed following the very strong results from AI-hyperscalers earlier in the earnings season," says market analyst Kyle Rodda at Capital.com. 

Ipek Ozkardeskaya at Swissquote says: "Some blamed the May-to-July outlook for not being strong enough. Others pointed to confusion around Nvidia’s new reporting structure. But honestly, this looked more like simple profit-taking after an enormous rally than lack of conviction."

FTSE 100 rises 11 points to 10,443 Nvidia delivers blockbuster earnings overnight but shares down BT, QinetiQ, easyJet, M&B, AJ Bell and ConvaTec report this morning   5.15pm: Stocks little changed The FTSE 100 finished Thursday’s session up 11 points at 10,443, as investors weighed up conflicting geopolitical updates.

Across the Atlantic, a spike in oil prices saw the Nasdaq down 0.4%, the S&P 500 was down 0.3% and the Dow Jones was down 0.2%.   

4pm: FTSE inching higher as news filters from the wires The FTSE 100 has been searching for direction all day, with tentative moves higher and lower.

"Tape bombs" have been making investors nervous or optimistic depending on the news from the wires, says market analyst Chris Beauchamp at IG. 

With the US earnings season essentially now out of the way, "it is back to focusing on Iran for global markets, and today has illustrated the uncertainty of the situation perfectly.

"Stocks had been steady and oil prices had dropped, but then headlines suggested the Iranian supreme leader would not allow enriched uranium to leave Iran.

"Hopes of progress were shattered, at least it seemed that way. But later the headline was denied, leaving investors none the wiser.

"Weeks of this lie ahead, potentially months, but Hormuz remains closed, a ticking timebomb underneath the global economy."

While Iran might not be talking directly to the US, Tehran is reportedly discussing a permanent toll with Oman.  

Such a situation, "unthinkable a few weeks ago, is now perhaps the best option for the global economy," Beauchamp says.

"A slightly higher price for products exiting the strait is infinitely preferable to  the collapse of the global energy system, even if such a toll would represent a major failure for US policy."

On the FTSE 100 leaderboard, the mix of sectors moving, says Patrick Munnelly at Tickmill, "points to a market rewarding selective recovery and company-specific momentum rather than making a blanket call on UK domestic growth".

He says investors are willing to own UK names with identifiable catalysts "but are still cautious on sectors most exposed to politics, rates and consumer strain".

This is because "Westminster risk has not gone away", amidst a likely leadership challenge to Prime Minister Keir Starmer’s position.

This means the domestic equity story will be dogged by a political politcal discount for a while.

"For now, the FTSE can still grind higher on softer rate expectations, global earnings exposure and stock-specific upgrades — but a cleaner re-rating needs political stability, calmer energy markets and clearer evidence that the consumer is not rolling over," says Munnelly. 

3.23pm: US invests in domestic quantum chips  The Dow Jones was lifted into the green after a surge from IBM, jumping over 6% due to the White House supporting a new quantum chip manufacturing venture with $1 billion of funding.

Howard Lutnick's Department of Commerce has signed a letter of intent to back the creation of Anderon, a standalone company that will build what it described as America’s first “pure-play quantum foundry”. IBM will match the government funding with its $1 billion cash investment.

The agreement is part of the US CHIPS programme, which aims to expand domestic semiconductor manufacturing and reduce reliance on overseas supply chains.

2.50pm: Wall Street opens in red Wall Street stocks have opened slightly lower, despite a small gain for Nvidia. 

The Nasdaq has started with a fall of 0.6%, while the Dow Jones has dropped 0.2%, and the S&P 500 0.3%. 

Biggest fallers on the Nasdaq were Intuit, Workday, Atlassian, Adobe and Autodesk as investors rotated out of higher-growth software stocks.

Intel also fell after recent gains, while Walmart was among the weaker blue-chip performers despite its more defensive profile.

Nvidia rose 0.5%, with Tesla and Micro other big-tech gainers.

2.23pm: StanChart asked to explain AI remarks Regulators in Hong Kong and Singapore have asked Standard Chartered for more information after CEO Bill Winters said ​the Asia-focused lender plans to replace "lower-value human capital" with ‌AI.

This is a Bloomberg report, which says the company was asked ​to explain the remarks by the two monetary authorities, including the ⁠impact of job cuts in their local markets.

Hong ​Kong officials asked whether StanChart was using AI as a pretext to ​cut staff, with Stan Chart having said this week that it is looking to axe over 7,000 jobs over the next four years.

1.50pm: Not just any results, these are M&S results Marks and Spencer's strong finish to the 2026 financial year has reinforced confidence in the retailer’s turnaround story, with analysts at two investment bank today arguing the group still has scope for further upgrades despite a cautious outlook.

Deutsche Bank said the chain's results yesterday showed it had exited the year “more strongly than we anticipated”, supporting its view that the business was “back on track” with improving sales growth and recovering margins driven by cost efficiencies.

UBS was similarly upbeat, describing M&S as “the best turnaround in UK retail” and saying recent trading had “reinvigorated the growth narrative”.

1.04pm: Wall Street and Nvidia US stock futures are back in the red again, with Nvidia roughly flat in premarket trading. 

Dow Jones futures are down 0.15%, with the S&P 500 and Nasdaq seen falling 0.3% and 0.45%. 

There's a rebound in US oil prices and government borrowing costs at the heart of this small retreat.

WTI crude, having fallen from almost $108 earlier in the week to below $98 overnight, is now back above $100 a barrel. 

US 10yr Treasury note yields are also up above 4.6% and the dollar index is up 0.1%.

This is "amid struggling US negotiations with Iran to end the war", says analyst John Canavan at Oxford Economics. 

"This week’s data calendar has been slow so far but will pick up with the release of the weekly jobless claims figures, the May Philadelphia Fed manufacturing index, and April housing starts reports just after the open, followed by the May S&P Global services and manufacturing figures just ahead of mid-morning. The Treasury will hold a $19bn 10-year TIPS reopening auction this afternoon."

Nvidia shares are down 0.2%. 

CEO Jensen Huang "crushed it, beating every measure (substantially)", says market analyst Kenny Polcari at Slatestone Wealth, with revenue up 85% and EPS coming in at $1.87 versus $1.77 expected, with guidance for next quarter landed at $91 billion — again ahead of estimates.

"Demand has gone parabolic," Huang said, as "agentic AI has arrived."

There was virtually no reaction in the afterhours session, which Polcari says "is the story this morning", despite "another monster quarter" as "extraordinary has become the expectation".

"When a company delivers one of the greatest earnings runs in market history and the stock barely moves, the market is telling you something. Expectations are stretched. Positioning is crowded. Perfection has already been priced in."

12.30pm: Huge IPOs to spark scramble for cash Deutsche Bank has noted that OpenAI's planned $60 billion initial public offering would be more than double the size of Saudi Aramco's record-setting 2019 listing and on its own would nearly match the total amount raised by all US IPOs at the height of the dot-com boom, also not far short of the $65 billion raised across all US IPOs in both 1999 and 2000, and the $62 billion raised in 2020, and would represent half of the record-breaking $119 billion raised in 2021.

With SpaceX aiming to raise around $75 billion this year and Claud developer Anthropic targeting an IPO as soon as October, with reports suggesting it too may seek to raise more than $60 billion, thematic strategist Adrian Cox acknowledges concerns about the capacity of the market to absorb several hundred billion dollars of IPO issuance in a single year. 

"There will be a scramble to make the most of investor appetite for direct exposure to pure-play AI companies in the public markets," he says.

But Cox notes that the US stock market is now worth approximately $70 trillion, five times larger in nominal terms than at the peak of the dot-com bubble.

Recent signs suggest appetite remains robust: AI chipmaker Cerebras raised $6.4 billion last week in the largest IPO of 2026 so far, with its shares jumping by two-thirds on the first day of trading to give it a market value of roughly $67 billion.

11.49am: Oil price rebound hits Footsie The FTSE has dropped fairly sharply back into the red. 

Autotrader and ConvaTec, down 8.4% and 7.4% are leading the decline. BT Group and Sage are a bit behind, down 3.3% and 2.7%.

All four published numbers today, but apart from the gloomy outlook from Autotrader, none of the results were that bad, but seem to be in the sort of 'shoot the messenger role' of being in the headlines. 

Whitbread is down 3.2%, not helped as UBS put out a note warning investors face a “catalyst light” period for the Premier Inn owner.

The drop for the FTSE mirrors a rise in oil prices, with Brent crude futures up 2.1% to $107 a barrel again. 

US stock futures are flat, with analyst Derren Nathan at Hargreaves Lansdown noting that this is a recovery from declines earlier in the day.

"All the major indices closed up more than 1% yesterday after three consecutive sessions of losses, helped by easing oil prices and expectations of strong quarterly results from the world’s most valuable company NVIDIA. Both numbers and guidance eclipsed expectations but as is so often the case traders took some profits in after-hours, only to recover in today’s pre-market trading."

11.12am: CBI survey adds more gloomy May data The CBI Industrial Trends Survey total orders balance fell to -41 in May, from -38 in April, below the consensus forecast of -40.

In seasonally-adjusted terms, the balance fell to -42, from -36 in April.

Output volumes fell in the three months to May, with manufacturers also expecting output volumes to fall again in the three months to August.

Expectations for selling price inflation picked up in May, for the second consecutive month, to stand at their highest since February 2023.

Total order books were reported as the weakest since September 2020. The volume of export orders was also seen as below “normal” and well below the long-run average.

Stocks of finished goods were reported as adequate in May, but the balance stood below its long-run average.

Senior economist Cameron Martin says the Iran conflict "is feeding through to higher energy costs and renewed supply chain disruption, adding another layer of challenges for manufacturers".

10.39am: FTSE indices in green The FTSE 100 has hustled and bustled its way into positive territory, led by financials, defence and retail. 

Online broker IG Group is top of the list, with ICG and St James's Place in the top ten, possibly due to bonds and read-across to the surge at AJ Bell on the back of results.

Babcock, JD Sports and 3i Group are also all up 2% or more. 

Scottish Mortgage, a big shareholder in SpaceX, is up 2% as the rocket company published its prospectus overnight.

London's mid-caps are further in the green, up 167 points or 0.7% at 23,005, which looks like the highest in over a month. 

AJ Bell is up 13.6%, QinetiQ 10.4% and Investec 5.2% at the top there. 

Looking at QinetiQ, Peel Hunt analyst Andrew Humphrey says the results showed stronger-than-expected margins, earnings and cash generation despite slightly weaker revenue.

"While slightly weaker than consensus forecasts at the profit level, we expect any negative sentiment to be offset by the big dividend increase and extension of the buyback programme."

9.51am: UK economy sent into reverse "The UK economy is facing a perfect storm," says Chris Williamson, chief business economist at S&P Global Market Intelligence on the flash PMI numbers, "as rising political uncertainty adds to the growing impact from the war in the Middle East.

May PMI data indicate that the economy contracted at a 0.2% quarterly rate, he says, a U-turn from the growth in the first quarter.

The survey found businesses reporting falling output, surging inflation, supply shortages and job cuts in the first half of May.

"The blame lies first and foremost with the war in the Middle East, though companies are also noting that domestic politics are taking an increasing toll, driving uncertainty higher, in turn deterring spending, hiring and investment," Williamson says.

"Things could well get worse in the coming months, as we have been seeing some support to manufacturing from precautionary stock building which will inevitably fade once warehouses are full.

"Just as the economy shows signs of sinking into decline, prices are surging higher to herald a marked upturn in inflation in the months ahead as these costs pass through to consumers.

"This combination of a faltering economy and spiking price pressures leaves the Bank of England in a major quandary, facing the growing need to hike rates to help contain inflation but thereby adding to recession risks.”

9.40am: Flash PMI worse than expected UK private sector output fell in May for first time in over a year due to a downturn in the service economy, according to the 'flash' PMI release just out. 

The preliminary reading of the UK services purchasing managers' index for May fell to 47.9 from 52.7 the month before. A 64-month low and well below the forecast 51.7.

The flash UK manufacturing index was unchanged at 53.7, while the manufacturing output index rose to a three-month high of 52.4, up from 51.8. 

9.27am: FTSE paddling After almost an hour and a half of trading, the FTSE is paddling just below the waterline, while most mainland European stock indices are marginally in the green.

Germany's DAX is up 0.3%, but the benchmarks for Paris and Milan are up 0.1%, with Madrid's IBEX a bit flatter.

The Euro Stoxx 600 is up 0.2%, with top risers being QinetiQ and German sector peer Hensoldt, followed by Investec, which has gained 4.7% after releasing annual results.

Pressure from the bond market has continued to ease, with the UK 10-year gilt now down below 5% and US and other government borrowing costs retreating too. 

This largely reflects rising optimism that the US and Iran might reach a deal, which boosted markets yesterday.

President Trump said that the US was in the “final stages” for a possible draft deal to end the conflict, which Iranian agencies confirming that Tehran was reviewing a new draft sent in response to its own 14-point proposal.

Axios reported that Trump and Israel’s Netanyahu had a tense call on Tuesday over a new peace proposal drafted by Qatar and Pakistan.

Brent crude fell below $105 a barrel in the past half hour, but has rebounded to $105.5.

9.03am: M&B falls to 1yr low Mitchells & Butlers PLC (LSE:MAB) shares fell 8.7% after the pub and restaurant group reported flat underlying profits for the first half due to cost inflation, while sales growth slowed.

Current trading has moderated, Anna Barnfather at Panmure notes, down from 4.5% in the first quarter to 1.8% in the second, and the most recent three weeks at 1.1%, reflecting tougher weather-led comparatives, macro pressure on discretionary spend and some tube-strike disruption.

She calls it a "resilient" performance, and notes that industry data shows the LFL growth is ahead of the market. 

The shares are down 8.2% today and 12.4% so far this year, with Barnfather noting that they now trade at a 7.6x PE, "the bottom of the pub sector range" for a valuation that "looks undemanding given M&B is still taking share, deleveraging and investing at attractive returns, with LFL moderation offset by additional cost mitigation". 

8.36am: ConvaTec 'reassuring' ConvaTec's announcement, given the share price weakness in recent months, needed to be reassuring, says Panmure Liberum analyst Seb Jantet. 

"And that is what ConvaTec delivered." However, the shares fell 2.5% still, down around 13% in the year so far. 

He says revenue growth "looks to be in line with expectations" and full-year guidance is unchanged.

"The new news in the statement is that ConvaTec has signed a patch pump supply agreement in IC, which will give it access to the fast-growing patch pump market."

Analysts at Stifel also saw it as "a positive start to 2026", adding that margin guidance was maintained "despite concerns around potential for [cost of goods sold] inflationary headwinds, we expect a relief rally after recent share weakness, which has presented an attractive entry point".

8.15am: FTSE 100 opens lower The FTSE 100 has opened down 40 points at just under 10,393.

Precious metals and copper miners are dragging, but ConvaTec is the biggest faller, down 3.7%.

It being Thurssday, there are some stocks going ex-dividend, with Shell by far the biggest contributor, accounting for 6.84 points of the adjustment, followed by Imperial Brands, Bunzl, Whitbread and Tritax Big Box.

On the FTSE 250, Mitchells & Butlers leads the losses, down 7.9% on its interim results. 

8am: Qinetiq eyes more shareholder returns QinetiQ Group PLC has hiked its dividend 24% and added £200 million to extend its share buyback programme after its biggest year for order intake.

The FTSE 250 defence contractor reported underlying operating profit up 18% to £218 million for the year to March, as operating margins improved to 11.3% from 9.6% following restructuring and cost-cutting measures.

Revenue was broadly flat at £1.92 billion, though organic growth was 1.3%.

After free cash flow rose 41% to £159 million, CEO Steve Wadey said the board is targeting more than £550 million in free cash flow across the 2027-2029 financial years, leading to around £500 million of dividends and share buybacks.

7.51am: easyjet posts wider H1 loss Budget airline easyJet posted a wider first-half loss as the Iran war led to higher fuel costs and reduced visibility into summer bookings, offsetting improvements in passenger numbers and its holidays business.

A pre-tax loss of £552 million for the half-year to March, compared with a £394 million loss a year earlier.

It said forward bookings have slowed since the escalation in Middle East tensions, with customers booking closer to departure dates than normal.

Chief executive Kenton Jarvis says the airline was “well placed to manage the current environment” despite near-term uncertainty linked to the Middle East conflict, supported by "one of the strongest investment‑grade balance sheets in European aviation".

7.32am: BT profits flat, but dividend policy upgraded BT has, alongside its annual results, upgraded its dividend policy and reiterated targets for sharply higher cash generation over the next four years as it expects cost savings and lower capital spending to drive stronger shareholder returns.

The telecoms group saw adjusted revenue fall 4% to £19.6 billion, which was just short of the City consensus forecast of £19.68 billion.

Adjusted EBITDA was flat at £8.2 billion, in line with expectations.

Chief executive Allison Kirkby said the group was “transforming ahead of plan” and reiterated guidance for normalised free cash flow to rise to about £2 billion in the 2027 financial year, with adjusted EBITDA growth flat or slightly higher at £8.2-8.3 billion.

7.17am: FTSE 100 set to start lower, Nvidia drops afterhours The FTSE 100 is set for a frugal start on Thursday after a prosperous previous day on both sides of the Atlantic.

London's blue-chip index has been called 20 points lower on the futures market, chipping away at the gain of almost 102 points made yesterday when it closed at 10,432.34.

There was a bigger bounce in New York overnight, with all three major indexes snapping a three-day losing streak as investors welcomed softer Treasury yields and a sharp drop in oil prices.

The tech-powered Nasdaq led the way, striding 1.5% higher, with the Dow Jones climbing 1.3% and the S&P 500 1.1%.

After the closing bell, Nvidia delivered another blockbuster quarter of earnings and $80 billion of buybacks, but saw its shares fall 1.3% in afterhours trade. with investors difficult to impress after the recent years of breakneck growth from the chip heavyweight.

"It was a garden variety beat – a better than expected top and bottom line with guidance above the Street estimate – and one that was well telegraphed following the very strong results from AI-hyperscalers earlier in the earnings season," says market analyst Kyle Rodda at Capital.com. 

Ipek Ozkardeskaya at Swissquote says: "Some blamed the May-to-July outlook for not being strong enough. Others pointed to confusion around Nvidia’s new reporting structure. But honestly, this looked more like simple profit-taking after an enormous rally than lack of conviction."

Lithium Americas Corp. (LAC - Free Report) closed at $3.79 in the latest trading session, marking a -2.82% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.

The lithium producer's shares have seen a decrease of 22.93% over the last month, not keeping up with the Basic Materials sector's loss of 14.76% and the S&P 500's loss of 7.34%.

The upcoming earnings release of Lithium Americas Corp. will be of great interest to investors. The company is expected to report EPS of -$0.07, down 40% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.45 per share and revenue of $0 million, indicating changes of +2.17% and 0%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Lithium Americas Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.91% downward. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Posted by Defense World Staff on Apr 13th, 2026

Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$7.00.

A number of brokerages have weighed in on LAC. TD Securities raised Lithium Americas to a “hold” rating in a research report on Monday, February 9th. National Bank Financial reduced their price target on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research report on Friday, December 19th.

View Our Latest Research Report on LAC

Lithium Americas Price Performance Shares of TSE:LAC opened at C$5.63 on Monday. Lithium Americas has a fifty-two week low of C$3.40 and a fifty-two week high of C$14.75. The business has a 50-day simple moving average of C$6.11 and a two-hundred day simple moving average of C$7.33. The company has a debt-to-equity ratio of 50.27, a quick ratio of 52.06 and a current ratio of 5.16. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -11.26 and a beta of 1.26.

About Lithium Americas (Get Free Report)

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.

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Lithium Americas Corp. (LAC - Free Report) closed at $4.98 in the latest trading session, marking a +2.89% move from the prior day. This change outpaced the S&P 500's 0.24% loss on the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.26%.

Prior to today's trading, shares of the lithium producer had gained 30.46% outpaced the Basic Materials sector's gain of 6.38% and the S&P 500's gain of 6.42%.

Market participants will be closely following the financial results of Lithium Americas Corp. in its upcoming release. It is anticipated that the company will report an EPS of -$0.07, marking a 40% fall compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.3 per share and revenue of $0 million, which would represent changes of +34.78% and 0%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Lithium Americas Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 30.01% higher within the past month. Right now, Lithium Americas Corp. possesses a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 146, positioning it in the bottom 41% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow LAC in the coming trading sessions, be sure to utilize Zacks.com.

The move follows a sharp reversal—turning a ‘sell-the-news’ dip into a momentum-driven recovery.

LAC: From Groundbreaking To Price ActionChart created using Benzinga Pro

The stock initially slipped after breaking ground at Thacker Pass—classic ‘buy the rumor, sell the news.’ But sentiment flipped fast.

Wedbush analyst Dan Ives’ price target for LAC at $8, points to significant upside—and renewed focus on lithium as a U.S. strategic asset—helped drive a double-digit surge.

Now, the narrative is catching up with the chart.

LAC Technical Setup Is Getting CleanThe structure has improved quickly. Price has reclaimed short-term moving averages and is now pressing against resistance around $5.25.

Momentum indicators are rising but not stretched, and volume has picked up—suggesting real participation behind the move.

This is what early-stage breakouts tend to look like.

$5.25: Why This Level MattersThe $5.25 zone is doing the heavy lifting.

A clean break above it—especially on strong volume—could open a path toward the next psychological level near $6.00. If it fails to break, the stock likely consolidates before another attempt.

Either way, the compression here is the story.

More Than Just A TradeThere's a bigger layer underneath.

Lithium Americas has been tied to the Trump administration’s efforts to secure domestic supply chains, with past interest from policymakers adding a national security angle to the stock. That narrative doesn't move charts on its own—but when it aligns with price action, it tends to amplify moves.

Right now, that alignment is starting to show.

Image via Shutterstock

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Lithium Americas Today

LAC

Lithium Americas

$4.41 +0.26 (+6.36%)

As of 06/11/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$2.47▼

$10.52Price Target$5.56

An unusual surge in bullish options activity for Lithium Americas NYSE: LAC suggests institutional capital is positioning for a significant upside repricing, looking past near-term operational headwinds. On April 28, call option volume soared 197% above the daily average, with over 62,000 contracts changing hands. This aggressive derivatives positioning materializes even as Lithium Americas navigates the financial pressures of a recent earnings miss and a newly activated equity dilution program, signaling that sophisticated investors are focused on a more powerful, structural catalyst.

The market is beginning to digest a fundamental shift in Lithium Americas' risk profile. Recent SEC filings revealed that the U.S. government is not just a lender but a direct equity partner in Lithium Americas' future, a development that re-frames the investment thesis from a speculative mining venture to a quasi-sovereign strategic asset.

Get Lithium Americas alerts:

The Ace in the Hole: DOE's 5% Stake Changes EverythingThe most critical, and perhaps underappreciated, catalyst is the U.S. Department of Energy's (DOE) direct investment in Lithium Americas. An SEC filing from Jan. 30, 2026, disclosed the issuance of warrants to the DOE, granting it the right to purchase a 5% equity stake in Lithium Americas at a nominal exercise price of 1 cent per share. Concurrently, the DOE secured a 5% economic stake in the Thacker Pass joint venture itself.

This arrangement effectively makes the U.S. government a key stakeholder, aligning federal interests with the successful execution of the Thacker Pass project. This sovereign backing complements the previously announced $2.23 billion DOE loan facility and the $625 million joint venture with General Motors NYSE: GM.

The combination of federal and corporate support elevates Thacker Pass from a simple mining asset to a cornerstone of America's domestic electric vehicle (EV) supply chain. For investors, this substantially mitigates long-term political and regulatory risk, providing a structural floor for the asset's valuation.

Despite the robust long-term outlook, investors must weigh significant near-term financial pressures that could induce volatility. The path to production requires navigating a period of peak capital deployment and potential share dilution.

The $250 Million Dilution QuestionAccording to a Form 8-K filed on March 19, 2026, Lithium Americas activated a $250 million At-The-Market (ATM) equity program. This facility allows Lithium Americas to sell shares directly into the market to fund ongoing development, potentially creating an overhang on the stock price. While a necessary tool for financing, the ATM program introduces near-term dilution risk. This headwind makes the concurrent spike in bullish call volume particularly noteworthy, as it suggests options traders are anticipating a catalyst powerful enough to overwhelm the technical pressure from equity issuance.

Peak Spending, Peak Risk: The Billion-Dollar BuildoutLithium Americas is entering its most capital-intensive phase. Management has guided for fiscal year 2026 capital expenditures (CapEx) at the Thacker Pass project to fall between $1.3 billion and $1.6 billion. This spending is critical to achieving mechanical completion, which is targeted for late 2027. This period of high cash burn represents peak execution risk. Any project delays or further cost inflation could strain Lithium Americas's liquidity, making the timely drawdown of the DOE loan and capital injections from the GM joint venture essential for maintaining momentum.

The divergence between near-term risks and long-term potential is clearly reflected in institutional trading patterns. Large, well-capitalized funds appear to be accumulating shares, looking through the current phase of high spending and dilution toward the de-risked, federally backed production asset.

The Institutional Seal of ApprovalOver the last 12 months, institutional inflows have dwarfed outflows, totaling $183.13 million in buying versus just $44.22 million in selling. The most recent quarter saw significant accumulation from major asset managers. VanEck Associates expanded its position by 20.8% to nearly 17.5 million shares. Millennium Management LLC boosted its stake by 35.8%, while Legal & General Group Plc increased its holdings by over 200%. This pattern of accumulation indicates that institutional capital is endorsing the long-term strategic value of the Thacker Pass asset, undeterred by the short-term financial complexities.

Decoding the 62,000-Contract SignalThe 197% surge in call option volume is a powerful indicator of speculative conviction. Such concentrated activity often precedes a significant corporate announcement or a shift in market sentiment. With short interest over 7% of the public float, any sharp upward price movement could trigger a feedback loop of short covering. Traders are closely watching the $5.50 strike price. A decisive break above this level, especially on high volume, could act as a technical trigger, potentially forcing dealers to hedge their positions and accelerating the upward momentum.

Lithium Americas Corp. (LAC) Price Chart for Friday, June, 12, 2026

A New Breed of National AssetThe current market for Lithium Americas presents a classic conflict between short-term uncertainty and long-term strategic value. Lithium Americas' recent earnings miss and ongoing CapEx burn are tangible risks that justify caution. Analyst ratings reflect this split: Wedbush set a bullish $8 price target, while Scotiabank lowered its target to $5, citing dilution concerns.

However, the U.S. government's entry as a direct equity partner fundamentally alters the risk-reward calculation. This sovereign backstop provides a rare layer of security in the mining sector. For investors with a longer time horizon, the current share price may offer an entry point to a strategically vital, de-risked asset essential to the future of North American energy independence. Investors might consider the heavy institutional buying and anomalous options activity as signs that the market is beginning to price in this new reality.

Should You Invest $1,000 in Lithium Americas Right Now?Before you consider Lithium Americas, you'll want to hear this.

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In an exclusive email interaction with Benzinga, Tim Crowley, SVP, Government and External Affairs at Lithium Americas, framed lithium as far more than an EV input. It has "emerged as a cornerstone of our national security, energy independence, and economic competitiveness”—a positioning that aligns closely with the Donald Trump-era push to localize critical mineral supply chains.

That shift is key. While EV demand ebbs and flows, national policy priorities tend to stick—and increasingly point toward domestic sourcing.

Crowley emphasized that Lithium Americas is working "in partnership with our federal, state, and local leaders" to build a U.S.-based lithium supply chain designed to "support high-quality American jobs." The message is clear: this is no longer just a commodity story—it's a strategic one.

Policy Tailwinds Meet ExecutionThat policy backdrop is converging with execution on the ground.

As the company transitions from developer to builder, investor interest is picking up. Crowley noted a "meaningful uptick in institutional engagement," driven by tangible progress rather than long-dated projections.

Detailed engineering is complete. Financing is secured. And perhaps most critically, Thacker Pass remains "on schedule and on budget" for mechanical completion in late 2027.

That combination—policy alignment plus execution visibility—changes the lens through which the stock is viewed.

Beyond The EV NarrativeThe bigger takeaway is that Lithium Americas may be decoupling from the EV cycle narrative.

Instead, it's positioning itself at the center of a broader U.S. push to secure critical mineral supply chains. If that trend continues, lithium demand may increasingly be driven not just by autos—but by national strategy.

And that's a story with far longer legs.

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(All amounts in US$ unless otherwise indicated)

VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the appointment of Clayton Walker as an independent member of its Board of Directors (the “Board”) effective immediately.

Mr. Walker has over 25 years of experience leading global mining companies, most recently as former Chief Growth and Development Officer at Rio Tinto where he was responsible for the overall strategic direction and execution of the Copper Growth Portfolio. From 2021-2025, he served as Chief Operating Officer for Rio Tinto’s Copper product group, where he led global teams focused on growth and optimization across a world-class copper portfolio. His responsibilities included oversight of major operations and projects across the Americas, including Rio Tinto Kennecott in Utah and Resolution Copper in Arizona. From 2016-2021, he served as Chief Executive Officer and Executive Chairman of Iron Ore Company of Canada. Prior to that, he spent 15 years in various management roles at Rio Tinto. Mr. Walker holds a Master of Business Administration degree as well as a Bachelor of Science, Metallurgical Engineering degree from the University of Utah.

Kelvin Dushnisky, Executive Chair of the Board, commented: “On behalf of the Board and executive team, I am very pleased to welcome Clayton Walker to the Board. His executive leadership, senior operating experience and technical knowledge, together with his understanding of the U.S. regulatory landscape, will be instrumental as we advance Thacker Pass to production and drive long-term value for our stakeholders.”

ABOUT LITHIUM AMERICAS

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and General Motors Holdings LLC (“GM”) (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion Resource Partners LP. The DOE holds warrants to purchase common shares of the Company for a 5% equity stake and JV warrants to purchase a 5% non-voting, non-transferable equity interest in the JV. Lithium Americas’ shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “FLS”). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. FLS in this news release includes, but is not limited to, statements regarding the expected contributions of Mr. Walker following his appointment; statements related to Thacker Pass, including the capacity of Phase 1, targeted mechanical completion, development plans, and project financing; and other statements regarding management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts.

FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company’s current views about future events that, while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company’s actual results could differ materially from those anticipated in any FLS as a result of the risk factors set out in the Company’s continuous disclosure documents available on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.ca.

Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the aforementioned documents and other disclosure documents available on EDGAR and SEDAR+.

The FLS contained in this news release is expressly qualified by these cautionary statements. All FLS in this news release speaks as of the date of this news release. The Company does not undertake any obligation to update or revise any FLS, whether as a result of new information, future events or otherwise, except as required by law.

More News From Lithium Americas Corp.

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VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced that it has filed its Quarterly Report on Form 10-Q, which includes the Company’s unaudited condensed consolidated interim financial statements (“Financials”) for the three months ended March 31, 2026 (“Q1 2026”), and provided an update on its Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass” or the “Project”).

Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, “Construction at Thacker Pass is accelerating toward mechanical completion in late 2027. There are now over 1,300 workers on site as of mid-May and over 2,000 expected at peak construction. In 2025, we emphasized de-risking project execution and made strategic decisions that have enabled us to focus on execution in 2026 – detailed engineering is almost complete, finances have been secured and global supply chain challenges are being well managed.”

Mr. Evans added, “At a moment when resilient domestic supply chains are more critical than ever, lithium stands out as a strategic resource underpinning both national security and a reliable energy future. We are grateful for the strong partnerships and support from leaders at the federal and state levels. Recent visits to Thacker Pass by U.S. Senators Catherine Cortez Masto and Jacky Rosen, Nevada Governor Joe Lombardo and the U.S. Department of Energy, underscore a shared commitment to strengthening American supply chains, advancing energy independence and creating meaningful American jobs.”

Q1 2026 AND SUBSEQUENT TO Q1 2026 HIGHLIGHTS

As of March 31, 2026, the Company had approximately $1.2 billion total cash and restricted cash, including $529 million at the Thacker Pass joint venture (“JV”) level. On January 26, 2026, the Company completed an at-the-market (“ATM”) equity program established on November 13, 2025 (the “November 2025 ATM Program”). The Company issued and sold an aggregate total of 43.3 million common shares at an average price of $5.78 per share pursuant to the November 2025 ATM Program, for aggregate net proceeds of $246.7 million after sales agent’s commission and other expenses. Of these amounts, during Q1 2026, the Company issued and sold 32.5 million common shares at an average price of $5.92 per share, for aggregate net proceeds of $189.7 million after sales agent commission and other expenses. On February 24, 2026, the Company received its second advance on the U.S. Department of Energy (the “DOE”) loan (“DOE Loan”) of $432 million. On March 19, 2026, the Company entered into an ATM equity program, pursuant to which the Company may sell its common shares, no par value, up to a maximum aggregate offering price of $250 million (the “March 2026 ATM Program”). Use of net proceeds for the March 2026 ATM Program includes general corporate purposes, which may include funding of corporate and project overhead expenses, financing of capital expenditures, repayment of indebtedness and additions to working capital. As of March 31, 2026, the Company did not issue or sell any common shares nor receive any net proceeds pursuant to the March 2026 ATM Program. Subsequent to March 31, 2026, the Company issued and sold an aggregate total of 2.3 million common shares at an average price of $5.20 per share pursuant to the March 2026 ATM Program, for aggregate net proceeds of $11.2 million after sales agent commission and other expenses. As of May 13, 2026, the Company had 351,062,478 shares issued and outstanding. On January 30, 2026 (the “Issuance Date”), pursuant to the omnibus waiver, consent and amendment (as amended, the “OWCA”) entered into by the Company and the DOE on October 7, 2025, the Company issued to the DOE a warrant to purchase up to 18,268,687 common shares, which was equal to 5% of the Company’s outstanding total shares as of the Issuance Date, at an exercise price of $0.01 per share (the “LAC Warrant”), exercisable for ten years from the Issuance Date, subject to customary anti-dilution adjustments and other terms set forth in the LAC Warrant. Additionally, the JV issued to the DOE a warrant to purchase 8,656,509,695 non-voting units of the JV, which was equal to a 5% economic interest in the JV as of the Issuance Date, at an exercise price of $0.0001 per unit (the “JV Warrant”), exercisable for ten years from the Issuance Date, subject to customary anti-dilution adjustments and other terms set forth in the JV Warrant. The Company continues to progress major construction of the processing plant at Thacker Pass Phase 1, targeting mechanical completion in late 2027. As of March 31, 2026: A total of 2.43 million workhours completed at Thacker Pass without a serious injury or lost-time incident, and a total recordable incident frequency rate of 0.25. A total of $1.3 billion of construction capital costs and other project-related costs have been capitalized, of which $1.1 billion is part of the total capital expenditure (“Capex”) estimate of $2.93 billion per the Company’s Technical Report entitled “NI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,” effective December 31, 2024 (“Technical Report”). The Company continues to target a total capex range of $1.3 billion to $1.6 billion for Thacker Pass Phase 1 for fiscal year 2026. See the Capital Expenditure and 2026 Capex Guidance section below for more details. Detailed engineering design completed surpassed 95%, while procurement was over 70% complete, including the shipment of major plant materials and equipment. There were approximately 1,065 personnel on site, expected to increase to over 2,000 in the second half of 2026. There were over 1,000 workers residing at the Company’s all-inclusive housing facility for construction workers in Winnemucca (the “Workforce Hub” or “WFH”). Long-lead equipment has been arriving to either Thacker Pass or the fabrication yard in Winnemucca, including the 115KV Main Transformer, Auxiliary Boiler, Air Cooled Heat Exchangers, Fin Fan Cooler, Duplex Stack and Bicarbonate Reactors. Additional long-lead items that have started their delivery to site include the Thickener Steel and Shell Plates, Filter Presses, Steam Turbine Generator and SS Converter. Outstanding long-lead items are expected to be delivered throughout 2026, along with other equipment and construction materials. Over 75% of the structural steel for Thacker Pass, which is sourced from the United Arab Emirates, is in transit or has arrived on site at Thacker Pass or the laydown yard in Winnemucca. The Company and Bechtel have worked with the steel supplier to attempt to limit the effects of the Middle East conflict, including the closure of the Strait of Hormuz, to minimize impacts on the fabrication and shipment of steel to Thacker Pass. Predominantly, the Company has successfully re-routed steel through the Port of Jeddah. Development milestones achieved to date at Thacker Pass include: The first cable pulls on the module pipe racks commenced in March 2026. Structural steel at the Filter Building progresses, with the second floor being installed. Installation of key equipment commenced at the following facilities: Bicarbonate Reactors for the Lithium Carbonate Crystallizer, Pillers for Magnesium Sulfate, Air Compressors and Conveyor Tail Pulley’s for the Filter Building, Thickener Steel and Shell Plants in the Countercurrent Decantation and Run-of-Mine areas, and Fin Fan Coolers and SS Converter for the Sulfuric Acid Plant. Given the advanced level of detailed engineering, the Company has commenced a definitive capital estimate, targeting completion in the second half of 2026. Advanced levels of engineering and procurement is expected to enable the team to estimate remaining quantities and materials with higher confidence. The Company will use current data to assess remaining labor needs and productivity rates for the estimate and will incorporate recent unexpected developments including the implications of tariffs, the Middle East conflict impacts, fuel price increases and other inflationary increases that were not included in the total Capex estimate of $2.93 billion per the Company’s Technical Report. The total Capex estimate of $2.93 billion did not include any exposure to tariffs. The Company estimates the total potential exposure to tariffs for Thacker Pass Phase 1 construction costs to be approximately $80 million to $120 million, the majority of which is expected to be incurred during 2026. Work to enhance reliability for grid power from the local electric utility cooperative, by upgrading six regional substations and switching stations, was completed in March 2026, ahead of schedule. Construction at the Company’s Transload Terminal (“TLT”) west of Winnemucca commenced in March 2026, with completion targeted in 2027 to align with start up at Thacker Pass. The TLT is approximately 60 miles from Thacker Pass, adjacent to the rail line, and is intended to support operations by serving as a critical logistics hub for the Project’s reagents. CAPITAL EXPENDITURE AND 2026 CAPEX GUIDANCE

As of March 31, 2026, a total of $1.3 billion of construction capital costs and other project-related costs have been capitalized, of which $1.1 billion is part of the total Capex estimate of $2.93 billion per the Company’s Technical Report. The Company continues to target a total Capex range of $1.3 billion to $1.6 billion for Thacker Pass Phase 1 for fiscal year 2026.

The table below summarizes Capex during the quarter ended March 31, 2026, cumulative Capex to March 31, 2026, as well as the Company’s 2026 Capex guidance.

(US$)

For the quarter
ended March 31, 2026

Cumulative to
March 31, 2026

Fiscal Year 2026
Capex Guidance

Thacker Pass Phase 1 construction costs included in the total $2.93 billion Capex estimate(1)(2)

$275.5 million

$1,138.1 million

$1.2 - $1.5 billion

Other capitalized development costs for Thacker Pass(3)

$8.3 million

$101.4 million

$30 - $40 million

Capitalized interest, including the Orion Note and DOE Loan

$10.7 million

$37.7 million

$45 - $55 million

Total

$294.5 million

$1,277.2 million

$1.3 - $1.6 billion

Capex Notes:

(1)

Thacker Pass Phase 1 construction costs cumulative to March 31, 2026 and those estimated for fiscal year 2026 do not include $14.1 million and $8.0 million, respectively, of community contributions that are required to be expensed under U.S. GAAP, though these were included in the $2.93 billion Capex estimate per the Company’s Technical Report.

(2)

Thacker Pass Phase 1 construction costs as of March 31, 2026, and those estimated for 2026, include actual tariffs incurred (through March 31, 2026) and estimated tariff exposure, primarily for equipment and construction materials sourced from Canada, China, India, UAE, Turkey and the European Union. The Company has been working toward limiting the effect of any potential tariffs on its construction supply chain, with approximately 75% of the total capital project cost structure related to labor, contractors and other services not expected to be directly affected by any potential tariffs. The Company continues to closely monitor potential tariff exposure; however, changes in tariffs and trade restrictions can be announced with little or no advance notice.

(3)

Other capitalized development costs are required to be capitalized under U.S. GAAP, though these were not included in $2.93 billion Capex estimate per the Company’s Technical Report.

FINANCIALS

Selected consolidated financial information is presented as follows:

(in US$ million except per share information)

Three months ended March 31,

2026

2025

$

$

Operating expenses

11.1

6.5

Net income (loss)

4.6

(11.5

)

Net loss per share – basic and diluted - attributable to common stockholders

0.00

0.05

(in US$ millions)

As at March 31, 2026

As at December 31, 2025

$

$

Cash and restricted cash

1,207.6

905.6

Total assets

3,112.7

2,579.0

Total long-term liabilities

1,071.1

815.6

During the three months ended March 31, 2026, net income increased to $4.6 million from a net loss of $11.5 million in the comparable year period, primarily due to a gain on the fair value of the embedded derivative associated with the senior unsecured convertible notes with an aggregate principal amount of $195.0 million (the “Notes”) with fund entities managed by Orion Resource Partners LP (collectively, “Orion”). This non-cash, fair value gain on the embedded derivative primarily reflects the impact of a decrease in the Company’s share price from $4.36 at December 31, 2025 to $3.95 at March 31, 2026. Other income also increased, primarily driven by higher interest income due to higher balances in interest generating bank accounts, driven largely by proceeds from the ATM programs executed during the year ended December 31, 2025, as well as the quarter ended March 31, 2026. The impact of these items was partially offset by an increase in general and administration expenses, due to increased hiring, share-based compensation, community investment and regulatory and professional fees to support increased activities related to the Company’s operations.

At March 31, 2026, total assets increased from December 31, 2025, as a result of cash raised as part of the Company’s ATM equity programs as well as restricted cash received from the Company’s second draw on the DOE Loan. Total assets also increased as a result of additions to mineral properties, plant and equipment from the continued development of Thacker Pass.

At March 31, 2026, the increase in total long-term liabilities was mainly attributable to a $351.9 million increase in the DOE Loan ($432.0 million related to the second advance and interest costs of $6.6 million, net of $86.7 million amortized deferred financing costs). This was partly offset by a $10.6 million reduction in the Orion Notes and an $83.8 million decrease in the LAC Warrant obligation ($88.8 million fair value of the LAC Warrant reclassified to equity on January 30, 2026 partly offset by $5.0 million loss recognized for the fair value increase in the LAC Warrant from December 31, 2026 to January 30, 2026).

This news release should be read in conjunction with the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026 and annual report on Form 10-K for the year ended December 31, 2025, available on the Company’s issuer profile on EDGAR at www.sec.gov, SEDAR+ at www.sedarplus.ca and on the Company’s website at www.lithiumamericas.com.

ABOUT LITHIUM AMERICAS

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and General Motors Holdings LLC (“GM”) (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion. The DOE holds the LAC Warrant to purchase common shares equivalent to a 5% equity stake of the Company as of the Issuance Date and the JV Warrant to purchase a non-voting, non-transferable equity interest in the JV equivalent to a 5% interest as of the Issuance Date. Lithium Americas’ shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

TECHNICAL INFORMATION

The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Commercial and Product Strategy of the Company, and a “qualified person” as defined under National Instrument 43-101 and Subpart 1300 of Regulation S-K under the United States Securities Act of 1933, as amended.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements” (“FLS”)). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. FLS in this news release include, but are not limited to: statements relating to the anticipated sources and uses of funds to complete project financing; statements relating to the JV and the DOE Loan, the strategic investment from Orion for the development and construction of the Thacker Pass, the LAC Warrant and the JV Warrant, including statements regarding satisfaction of draw down conditions on the DOE Loan expectations about the extent to which the JV Transaction, the DOE Loan, including any amendments thereto, the investment from Orion, the LAC Warrant, the JV Warrant and cash on hand would fund the development and construction of Thacker Pass on schedule or at all; project de-risking initiatives and the extent to which work to date has de-risked project execution; the expected operations, financial results and condition of the Company; expectations related to the construction build, job creation and nameplate capacity of Thacker Pass as well as other statements with respect to the Company’s future objectives and strategies to achieve these objectives, including the future prospects of the Company; the estimated cash flow, capitalization and adequacy thereof for the Company; the estimated costs of the development of Thacker Pass, including timing, progress, approach, continuity or change in plans, construction, commissioning, expected milestones, anticipated production and results thereof and expansion plans; cost and expected benefits of the transloading terminal; cost and expected benefit of the limestone quarry; anticipated timing to resolve, and the expected outcome of, any complaints or claims made or that could be made concerning the permitting process in the U.S. for Thacker Pass; the timely completion of environmental reviews and related consultations, and receipt or issuance of permits and approvals, in the U.S. for the Company’s development and resultant operations; capital expenditures and programs; estimates, and any change in estimates, of the mineral resources and mineral reserves at Thacker Pass; development of mineral resources and mineral reserves; the realization of mineral resources and mineral reserves estimates, including whether certain mineral resources will ever be developed into mineral reserves, and information and underlying assumptions related thereto; government regulation of mining operations and treatment under governmental and taxation regimes; the future price of commodities, including lithium; the creation of a battery supply chain in the U.S. to support the electric vehicle market; the timing and amount of future production, currency exchange and interest rates; the Company’s ability to raise capital; expected expenditures to be made by the Company; statements relating to revised capital cost estimates; ability to produce high purity battery grade lithium products; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the timing, cost, quantity, capacity and product quality of production at Thacker Pass; successful development of Thacker Pass, including successful results from the Company’s testing facility and third-party tests related thereto; statements with respect to the expected economics of Thacker Pass, including capital costs, operating costs, sustaining capital requirements, after tax net present value and internal rate of return, pricing assumptions, payback period, sensitivity analyses, net cash flows and life of mine; anticipated job creation of the workforce hub; the expectation that the National Construction Agreement (Project Labor Agreement) with North America’s Building Trades Unions for construction of Phase 1 of Thacker Pass will minimize construction risk, ensure availability of skilled labor, address the challenges associated with Thacker Pass’s remote location and be effective in prioritizing employment of local and regional skilled craft workers, including members of underrepresented communities; overarching accessibility to a productive workforce; the expected workforce development training program being prepared with Great Basin College; the Company’s commitment to sustainable development, limiting the environmental impact at Thacker Pass and plans for phased reclamation during the life of mine including use benefits of growth media; ability to achieve capital cost efficiencies; anticipated use of any future proceeds and earnings related to Thacker Pass; as well as other statements with respect to management’s beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.

FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company’s current views about future events, and while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions and other factors upon which such FLS is based include, without limitation: expectations regarding Phase 2 of Thacker Pass, including financing, and the absence of material adverse events affecting the Company during this time; the ability of the Company to perform conditions and meet expectations regarding the Company’s financial resources and future prospects; the ability to meet future objectives, priorities and anticipated milestones; a cordial business relationship between the Company and third-party strategic and contractual partners; the risk of general business and economic uncertainties and adverse market conditions; confidence that development, construction and operations at Thacker Pass will proceed as anticipated, including the impact of potential supply chain disturbances including but not limited to product availability, customs delays and potential shipping disruptions, especially with respect to steel, and the availability of equipment, labor and facilities necessary to complete development and construction of Thacker Pass and produce battery grade lithium; unforeseen technological, equipment and engineering problems; changes in general economic and geopolitical conditions, including as a result of regulatory changes by the current U.S. presidential administration, higher interest rates, the rate of inflation, a potential economic recession, ongoing conflict in the Middle East and potential changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; uncertainties inherent to the feasibility studies and mineral resource and mineral reserve estimates; the mine processing facilities, based on the results of the testing facility and third-party tests, performing as expected; the ability of the Company to secure sufficient additional financing, advance and develop the Project, and to produce battery grade lithium; the respective benefits and impacts of Thacker Pass when production operations commence; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the Company’s ability to operate in a safe and effective manner, and without material adverse impact from the effects of climate change or severe weather conditions; reliability of technical data; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; demand for lithium, including that such demand is supported by growth in the electric vehicle market, lithium-ion battery market and battery energy storage system market; current technological trends; the impact of increasing competition in the lithium business, and the Company’s competitive position in the industry; continuing support of local communities and the Fort McDermitt Paiute and the Shoshone Tribe in relation to Thacker Pass, and continuing constructive engagement with these and other stakeholders, including any expected benefits of such engagement; risks related to cost, funding and regulatory authorizations to develop a workforce housing facility; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; impacts of inflation, deflation, currency exchange rates, interest rates and other general economic and stock market conditions; the impact of unknown financial contingencies, including litigation costs, environmental compliance costs and costs associated with the impacts of climate change, on the Company’s operations; increased attention to environmental, social, governance and safety and sustainability-related matters; risks related to the Company’s public statements with respect to such matters that may be subject to heightened scrutiny from public and governmental authorities related to the risk of potential “greenwashing,” (i.e., misleading information or false claims overstating potential sustainability-related benefits); risks that the Company may face regarding potentially conflicting initiatives from certain U.S. state or other governments; estimates of and unpredictable changes to the market prices for lithium products; development and construction costs for Thacker Pass, and costs for any additional exploration work at the Project; estimates of mineral resources and mineral reserves, including whether mineral resources not included in mineral reserves will be further developed into mineral reserves; some of the modifying factors used to convert mineral resources to mineral reserves may change materially, and could materially impact the mineral reserve estimate; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of ongoing supply chain disruptions and availability of equipment and supplies on such timing; timely responses from governmental agencies responsible for reviewing and considering the Company’s permitting activities at Thacker Pass; availability of technology, including low carbon energy sources and water rights, on acceptable terms to advance Thacker Pass; government regulation of mining operations and mergers and acquisitions activity, and treatment under governmental, regulatory and taxation regimes; ability to realize expected benefits from investments in or partnerships with third parties; accuracy of development budgets and construction estimates; that the Company will meet its future objectives and priorities; the ability to satisfy production and lithium-recovery targets; that the Company will have access to adequate capital to fund its future projects and plans; that such future projects and plans will proceed as anticipated; compliance by joint venture partners, DOE and Orion with terms of agreements; the lack of any material disputes or disagreements between joint venture partners; the regulation of the mining industry by various governmental agencies; as well as assumptions concerning general economic and industry growth rates, commodity prices, resource estimates, currency exchange and interest rates and competitive conditions. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct.

Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLS will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company’s actual results could differ materially from those anticipated in any FLS as a result of the risk factors described under Part I, Item 1A, “Risk Factors” in the Company’s Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission and elsewhere throughout that report, and in the Company’s other continuous disclosure documents available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. All FLS contained in this news release are expressly qualified by the risk factors set out in the aforementioned documents. Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the aforementioned documents and other disclosure documents available on SEDAR+ and on EDGAR. The Company does not undertake any obligation to update or revise any FLS, whether as a result of new information, future events or otherwise, except as required by law.

More News From Lithium Americas Corp.

Lithium Americas Corp. remains a Sell; Thacker Pass progress lowers execution risk but doesn't improve equity risk/reward. LAC capex pressures intensify with $1.3–1.6 billion needed in 2026 and potential tariff exposure of $80–120 million. ATM share issuances dilute common equity, signaling investors are primarily funding the project rather than capturing upside.