Lithium Americas secures $175M convertible debenture financing

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Go back to Lithium Americas secures $175M convertible debenture financing

Lithium Americas Further Strengthens Balance Sheet with $175 Million Financing as Thacker Pass Approaches Peak Construction

August 6, 2026 6:45 AM EDT

(All amounts in US$)

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (Lithium Americas or the Company) today announced it has entered into a securities purchase agreement (the Purchase Agreement) with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP (Yorkville), for up to $175 million in aggregate principal amount of subordinated convertible debentures (the Debentures). Proceeds will further strengthen the Companys liquidity position as it continues its development of Thacker Pass (Thacker Pass or the Project), which... More