- On **October 8, 2025**, Lithium Americas Corp. entered into an Equity Distribution Agreement with TD Securities (USA) LLC, establishing an "at the market" (ATM) program to offer and sell common shares with an aggregate offering price of up to **US$250,000,000**.  **[1966983_0001193125-25-234676_d54912d8k.htm:1]** 
- Under the agreement, the company may sell common shares through the agent, who will receive a commission of up to **3.0%** of the gross proceeds from each sale.  **[1966983_0001193125-25-234676_d54912d8k.htm:1]** 
- The net proceeds from any offerings are intended for general corporate purposes, which may include funding a portion of the **$120 million reserve account** for a U.S. Department of Energy loan, financing capital expenditures, repaying indebtedness, and adding to working capital.  **[1966983_0001193125-25-234676_d54912d8k.htm:1]** 
- The agreement will remain effective until the earlier of the issuance and sale of all common shares under the ATM Program or **12 months** following the date of the agreement.  **[1966983_0001193125-25-234676_d54912d8k.htm:1]** **[1966983_0001193125-25-234676_d54912dex11.htm:1]**

Lithium Americas Corp. enters into **US$250 million** 'at-the-market' equity offering program

- Lithium Americas Corp. (LAC) finalized amendments to its **$2.23 billion loan** from the U.S. Department of Energy (DOE) for the Thacker Pass project, with the DOE agreeing to **defer $184 million** of scheduled debt service obligations from the first five years of repayment to the remaining years of loan maturity.  **[1966983_0001193125-25-233937_d10878dex991.htm:0]** 
- In consideration for this deferral, the DOE will receive a **5% equity stake in LAC** through warrants to purchase common shares and a **5% economic stake in the joint venture** through warrants to purchase non-voting equity interests, both at an exercise price of **$0.01 per share/unit**.  **[1966983_0001193125-25-233937_d10878dex991.htm:1]** **[1966983_0001193125-25-233937_d10878d8k.htm:1]** 
- LAC will contribute an **additional $120 million to DOE Loan reserve accounts** within 12 months of the amendments' effective date, with **$60 million** allocated to a new DSCR shortfall reserve account and **$60 million** to a new care & maintenance reserve account.  **[1966983_0001193125-25-233937_d10878dex991.htm:0]** **[1966983_0001193125-25-233937_d10878d8k.htm:2]** 
- The company completed its at-the-market (ATM) equity program as of **October 1, 2025**, selling **26,921,629 common shares** for **gross proceeds of $99,999,988.75**.  **[1966983_0001193125-25-233937_d10878dex991.htm:1]**

Lithium Americas Finalizes DOE Loan Amendments and Completes ATM Program

- The global Lithium Mining Market is projected to grow from **$3.02 Billion in 2024** to **$17.54 Billion by 2035**, driven by increasing demand for electric vehicles and renewable energy storage systems.  **[1966983_c97ae1f6b63d4fb498f237e0058996b0_0]** 
- The U.S. government has acquired an equity stake in **Lithium Americas** and provided the first tranche of a project construction loan for its **Thacker Pass Project**.  **[1966983_c97ae1f6b63d4fb498f237e0058996b0_1]** 
- **Thacker Pass**, located in northern Nevada and managed by Lithium Nevada LLC (a wholly owned subsidiary of Lithium Americas), is recognized as the **world's largest known measured lithium resource**.  **[1966983_c97ae1f6b63d4fb498f237e0058996b0_2]** 
- Lithium Nevada LLC has awarded CB&I a contract for the **engineering, procurement, fabrication, and construction (EPFC) of 36 flat-bottom atmospheric tanks at Thacker Pass**.  **[1966983_c97ae1f6b63d4fb498f237e0058996b0_2]**

Lithium Americas' Thacker Pass Project Secures U.S. Government Support Amidst Lithium Market Growth Projections

- Lithium Americas Corp. (LAC) has reached a non-binding agreement in principle with the U.S. Department of Energy (DOE) and General Motors Holdings LLC (GM) to advance the **first draw of $435 million** on the previously announced DOE loan for the Thacker Pass lithium project.  **[1966983_0001193125-25-225972_d98794dex991.htm:0]** **[1966983_0001193125-25-225972_d98794d8k.htm:1]** 
- The total DOE Loan amount has been adjusted to **$2.23 billion**, with the principal remaining at **$1.97 billion**, and the first draw is expected in **Q4 2025**.  **[1966983_0001193125-25-225972_d98794dex991.htm:1]** 
- In exchange for the first draw, the DOE will defer **$182 million of debt service** over five years and receive a **5% equity stake** in Lithium Americas and a **5% economic stake** in the Thacker Pass joint venture.  **[1966983_0001193125-25-225972_d98794dex991.htm:1]** **[1966983_0001193125-25-225972_d98794d8k.htm:2]** 
- Lithium Americas will post an additional **$120 million** to DOE Loan reserve accounts, and GM will amend its offtake agreement to allow for additional third-party offtake agreements.  **[1966983_0001193125-25-225972_d98794dex991.htm:1]** **[1966983_0001193125-25-225972_d98794d8k.htm:2]** **[1966983_0001193125-25-225972_d98794dex991.htm:2]**

Lithium Americas Reaches Agreement for First Draw on DOE Loan

- The **U.S. Department of Energy (DOE)** will acquire a **5% equity stake** in both **Lithium Americas (LAC)** and its **Thacker Pass lithium mine joint venture** with General Motors (GM).  **[1966983_f90330d131af4d77badb3714df013127]** 
- This strategic move aims to **secure domestic lithium supply** for electric vehicle battery production, with the **Thacker Pass project** projected to produce enough lithium carbonate annually for approximately **800,000 EVs**.  **[1966983_f90330d131af4d77badb3714df013127]** 
- The government's investment is linked to the renegotiation of a **$2.26 billion federal loan** to support the project, which is planned to commence production in **2028**.  **[1966983_f90330d131af4d77badb3714df013127]** 
- Lithium Americas currently reports **zero revenue** and **negative earnings per share (-0.26)** as it remains in the development phase.  **[1966983_f90330d131af4d77badb3714df013127]**

U.S. Department of Energy to Acquire 5% Stake in Lithium Americas and Thacker Pass JV

- The Trump administration is seeking up to a **10% equity stake** in Lithium Americas (LAC) as it renegotiates a **$2.26 billion Department of Energy loan** for the **Thacker Pass lithium mine** in Nevada.  **[1966983_21f59b2217c84925a07b3fb6e9da48ba]** 
- Lithium Americas has offered **warrants equal to roughly 5%–10% of common shares** as part of discussions, which officials view as a national-security measure to build a domestic lithium supply chain.  **[1966983_21f59b2217c84925a07b3fb6e9da48ba]** 
- The Thacker Pass project, which includes a **$625 million investment from General Motors**, is under construction and projected to begin production in **2028**, with an initial output of approximately **40,000 metric tons of lithium carbonate per year**.  **[1966983_21f59b2217c84925a07b3fb6e9da48ba]** 
- News of the administration's request for an equity stake and increased oversight, partly driven by concerns over weak lithium prices, caused Lithium Americas' shares to rise sharply in after-hours trading.  **[1966983_21f59b2217c84925a07b3fb6e9da48ba]**

LITHIUM AMERICAS (LAC)