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Lithium Americas secures $175 million in debt financing to strengthen its balance sheet as Thacker Pass approaches peak construction.

PUBLIC · LACAug 06, 20263 days ago

Amount Raised

$175 Million

Round Type

Debt Financing

VancouverEnergyMining

Investors

Yorkville Advisors Global, LpYa Ii Pn, Ltd.

Description

Lithium Americas Corp. has entered into a securities purchase agreement with YA II PN, Ltd. for up to $175 million in subordinated convertible debentures. The proceeds from this financing will enhance the company’s liquidity position

Company Information

Company

Lithium Americas

Location

Vancouver, British Columbia, Canada

About

Lithium Americas (TSX & NYSE: LAC) is focused on advancing Thacker Pass to production. Located in northern Nevada, Thacker Pass is the largest-known lithium M&I resource in the U.S. Construction commenced in early 2023 and is expected to create 1,800 construction jobs and 500 permanent jobs during operations of its 40-year mine life.

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