Lithium Americas closes $400M (U.S.) public offering

Jan 22, 2021

2021-01-22 10:47 ET – News Release

An anonymous director reports

LITHIUM AMERICAS CLOSES US$400 MILLION UNDERWRITTEN PUBLIC OFFERING

Lithium Americas Corp. has closed its previously announced underwritten public offering of shares of its common stock. The company issued 18,181,818 common shares, including 2,272,727 common shares following the exercise in full by the underwriters of their overallotment option. The shares were issued at a price of $22 (U.S.) per common share for gross proceeds to the company of approximately $400-million (U.S.).

Canaccord Genuity acted as lead book-running manager for the offering; Deutsche Bank Securities, Evercore ISI and Stifel acted as joint book-running managers; and National Bank Financial and Cormark Securities acted as co-managers.

The net proceeds from the offering are intended to be used to finance development of the Thacker Pass lithium project and for general corporate and working capital purposes, as further described in the prospectus supplement described herein.

The offering was made by way of a prospectus supplement to the company’s existing Canadian base shelf prospectus and the company’s United States registration statement on Form F-10. The offering was made in the United States and in each of the provinces and territories of Canada, except Quebec. The prospectus supplement, the base shelf prospectus and the registration statement contain important information about the company and the offering. The final Canadian prospectus supplement (together with the related Canadian base shelf prospectus) is available on SEDAR. The final U.S. prospectus supplement (together with the registration statement) is available on EDGAR. Alternatively, the Canadian prospectus supplement (together with the related Canadian base shelf prospectus) and the U.S. prospectus supplement (together with the registration statement) may be obtained upon request by contacting the company or Canaccord Genuity, attention: syndicate department, 99 High St., suite 1,200, Boston, Mass., 02110, by telephone at 617-371-3900 or by e-mail at [email protected].

The company is relying on an exemption under Section 602.1 of the Toronto Stock Exchange company manual for the pricing of the offering, pursuant to which the company is following the rules of the New York Stock Exchange.

About Lithium Americas Corp.

Lithium Americas is a development-stage company with projects in Jujuy, Argentina, and Nevada, United States. The company trades on both the Toronto Stock Exchange and on the New York Stock Exchange under the ticker symbol LAC.

We seek Safe Harbor.

https://www.lithiumamericas.com/