Welcome to our dedicated page for Lithium Americas news (Ticker: LAC), a resource for investors and traders seeking the latest updates and insights on Lithium Americas stock.
Lithium Americas Corp. reports developments tied to the construction and financing of Thacker Pass, its lithium project in Humboldt County, Nevada. Company news commonly covers project updates, annual and quarterly results, DOE ATVM loan activity, at-the-market equity programs, and capital-structure actions supporting processing facilities and mine development.
Coverage also includes governance changes such as board appointments, common-share trading matters on the TSX and NYSE, and index-related corporate updates. The company is a Canadian resource and materials issuer focused on lithium deposits and chemical processing facilities in North America.
Lithium Americas Corp. (LAC) announced on February 28, 2022, that it submitted a draft application for funding from the U.S. Department of Energy to support its 100%-owned Thacker Pass lithium project in Nevada. This project aims to bolster the domestic lithium supply chain for electric vehicles. The company received final key state permits for Thacker Pass and is exploring a separation of its U.S. and Argentina operations to enhance strategic focus. The Caucharí-Olaroz project in Argentina is also nearing completion, positioning the company for future growth.
Lithium Americas Corp. has received the final key state-level permits for its Thacker Pass lithium project in Nevada. The approved permits include the Water Pollution Control Permit, Mine Reclamation Permit, and Class II Air Quality Operating Permit, allowing advancement towards construction. The company aims to support the growing electric vehicle market through a US-based battery supply chain. Despite previous appeals against its Record of Decision, recent approvals position the project for future development.
Lithium Americas Corp. has completed the acquisition of Millennial Lithium Corp., enhancing its asset portfolio with the Pastos Grandes lithium brine project in Argentina. Millennial shareholders will receive 0.1261 Lithium Americas shares and $0.001 in cash per share. This deal adds significant lithium resources to Lithium Americas' growth pipeline, which is crucial for meeting rising industry demand. The Pastos Grandes project, with a capacity of 24,000 tpa, is positioned for development, leveraging experiences from the Caucharí-Olaroz project.
Lithium Americas Corp. (LAC) announced that approximately 98% of Millennial Lithium Corp. (ML) shareholders approved the acquisition of all outstanding common shares by Lithium Americas. This vote is crucial for advancing the acquisition process, with completion expected by January 25, 2022. The company, which operates in Argentina and Nevada, aims to bolster its lithium assets through this transaction, previously announced on November 17, 2021.
Lithium Americas has announced the successful completion of its US$258.75 million offering of 1.75% convertible senior notes due 2027. This included an exercise of the Over-Allotment Option for an additional US$33.75 million. The proceeds will be used to repay a US$205 million senior secured credit facility and for general corporate purposes. The notes are convertible into common shares at a premium of approximately 35% to the last sale price as of December 1, 2021. This move enhances the company’s balance sheet and reduces interest costs.
Lithium Americas Corp. (LAC) has successfully closed a US$225 million offering of 1.75% convertible senior notes due 2027. Proceeds will be used to fully repay a US$205 million secured credit facility, with remaining funds allocated for general corporate purposes. The notes are convertible at a price of approximately US$47.10 per share, representing a 35% premium over the stock's last sale price. An over-allotment option of US$33.75 million allows initial purchasers to increase the offering size. This financing enhances the company's capital structure and financial flexibility.
Lithium Americas Corp. (LAC) has announced the pricing of a US$225 million offering of convertible senior notes due in 2027. An over-allotment option for an additional US$33.75 million is also available. The notes will accrue interest at 1.75% per annum, with a conversion rate starting at 21.2307 shares per US$1,000 principal amount. The company plans to use the proceeds to repay existing debt and for general corporate purposes. The offering is expected to close around December 6, 2021, pending regulatory approvals.
Lithium Americas Corp. (LAC) has announced a proposed offering of $225 million in convertible senior notes due in 2027. The offering includes an option for initial purchasers to buy an additional $33.75 million. The unsecured notes will accrue interest payable semi-annually and can be converted into cash or common shares under specific conditions. Proceeds will be used to repay indebtedness and for general corporate purposes. The offering is subject to market conditions and regulatory approvals from the TSX and NYSE.
Lithium Americas Corp. (LAC) announced a significant investment on November 24, 2021, acquiring 23,369,003 common shares of Arena Minerals Inc. at C$0.54 each, totaling approximately US$10 million. This purchase increases Lithium Americas' stake in Arena to 66,226,146 shares, representing 18% of the total shares outstanding. The investment solidifies Lithium Americas' commitment to resource development in Argentina, particularly near its Caucharí-Olaroz lithium project. Additionally, Ignacio Celorrio, President for Latin Americas at Lithium Americas, is expected to join Arena's board.
Lithium Americas Corp. (LAC) has announced a definitive agreement to acquire Millennial Lithium Corp. (ML) for C$4.70 per share, totaling approximately US$400 million. This transaction grants Millennial shareholders around 9.1% ownership in Lithium Americas based on its recent share price. The acquisition aims to enhance Lithium Americas’ growth strategy by integrating Millennial's Pastos Grandes project, leveraging synergies with its Caucharí-Olaroz operation. The deal is subject to regulatory approvals and is expected to close in January 2022.