Lithium Americas announced it has entered into a securities purchase agreement with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP, for up to $175 million in aggregate principal amount of subordinated convertible debentures. Proceeds will further strengthen the Company's liquidity position as it continues its development of
@ThackerPass, designed to produce 40,000 tonnes per year of battery-grade lithium carbonate in northern Nevada.
Jonathan Evans, President and CEO of Lithium Americas, said, “Thacker Pass is progressing well toward our late 2027 mechanical completion target, with over 1,600 personnel on site and long-lead equipment and materials arriving daily. The Debentures announced today will provide the Company with additional financial flexibility as we advance through peak construction while navigating global macroeconomic and geopolitical pressures. We believe Thacker Pass is uniquely positioned to deliver a reliable, U.S.-sourced supply of lithium at a time when domestic supply chain security is more critical than ever, and this financing underscores our commitment to supporting American energy independence.”
Read the news release here
lithiumamericas.com/news/new…
$LAC #lithium #Nevada