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Recent Updates — LAC

September 11, 2026View Source ↗

On September 8, 2026, Alexi Zawadzki notified the board of directors of his intention to retire from his position as Vice President, Corporate Development, effective September 11, 2026. The company stated that this retirement is not due to any disagreement regarding operations or policies. Lithium Americas Corp. operates in the mining industry, focusing on lithium development projects.

August 13, 2026View Source ↗

Lithium Americas Corp. completed the initial closing of a private placement with YA II PN, Ltd., issuing $150.0 million in aggregate principal amount of subordinated convertible debentures on August 13, 2026. The company retains the right to sell an additional $25.0 million in delayed closings. These five-year notes carry a base interest rate of 5%, which steps up to 7.5% within two years and 15% thereafter if specific triggers occur. Conversion is permitted at the lower of $4.56 or 95% of the preceding five-day VWAP, subject to a floor of $1.63. Proceeds are designated for general corporate purposes, including capital expenditures and debt repayment. The company operates in the mining industry, focusing on lithium development.

August 13, 2026View Source ↗

Lithium Americas Corp. reported financial results for the fiscal quarter ended June 30, 2026, posting net income of $1.7 million compared to a loss in the prior year period. The company holds approximately $1.3 billion in total cash and restricted cash, including $530.3 million at the Thacker Pass joint venture level. Construction progress continues toward mechanical completion targeted for late 2027, with over 1,600 workers on site and capital expenditures of $483.6 million capitalized during the quarter. The company also announced a securities purchase agreement for up to $175 million in subordinated convertible debentures from Yorkville Advisors, with an initial closing of $150 million. Lithium Americas Corp. operates in the mining industry, developing the Thacker Pass lithium project in Nevada.

August 6, 2026View Source ↗

Lithium Americas Corp. entered into a Securities Purchase Agreement with YA II PN, Ltd. to issue up to $175 million in aggregate principal amount of subordinated convertible debentures. The company will initially issue $150 million upon filing its Form 10-Q for the period ended June 30, 2026, with an option to sell an additional $25 million. The debentures carry a five-year maturity and a base interest rate of 5%, which steps up to 7.5% or 15% upon certain events. Conversion is subject to caps limiting the investor's ownership to 4.99% (increasable to 9.99%) or 19.99%. Proceeds will support general corporate purposes, including capital expenditures for the Thacker Pass project in Nevada, which targets mechanical completion in late 2027 and production of battery-grade lithium carbonate.