Lithium Americas Closes US$275 Million Underwritten Public Offering
VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.
- VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”).
- The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.
- The net proceeds from the Offering are intended to be used to fund the advancement of construction and development of the Company’s Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass”).
- At the same time, the Offering and GM funding will allow the Company to meet the financing-related condition relating to closing the DOE Loan conditional commitment (the “Conditional Commitment”).