# LITHIUM AMERICAS CORP. (LAC) — capital_raise/atm_program [announced]
Source: SEC API (secapi.ai) · situation sit_5a00653da5599cb924c3 · retrieved 2026-08-12T07:21:54.904Z

## Overview
Lithium Americas Corp. is developing Thacker Pass in northern Nevada, designed to produce 40,000 tonnes per year of battery-grade lithium carbonate with mechanical completion targeted for late 2027; the project is owned by a joint venture with General Motors (62% Lithium Americas, 38% GM) and is financed by a $2.23 billion U.S. Department of Energy loan and strategic investments from GM and Orion…

Lithium Americas Corp. entered into a Securities Purchase Agreement with YA II PN, Ltd. (an affiliate of Yorkville Advisors Global, LP) on August 5, 2026, to issue up to $175 million in aggregate principal amount of subordinated convertible debentures. The Company will initially issue $150 million upon filing its quarterly report on Form 10-Q for the period ended June 30, 2026, with the remaining $25 million available at the Company's discretion in one or more delayed closings. The debentures carry a 5-year maturity with a 5% annual interest rate (increasing to 7.50% or 15% upon specified trigger events), are convertible at a price equal to the lower of a fixed price (140% of the NYSE closing price on the day prior to issuance, or $3.79) or 95% of the lowest daily VWAP during the five consecutive trading days preceding conversion, subject to a floor price of 50% of the NYSE closing price (reducible to no less than 20%). The investor is subject to a 19.99% beneficial ownership cap (Exchange Cap) unless shareholder approval is obtained, and a 4.99% individual beneficial ownership threshold (increasable to 9.99% upon 65 days' notice). Proceeds will be used for general corporate purposes including corporate and project overhead, capital expenditures, debt repayment, and working capital.

## Terms
- Counterparty: YA II PN, Ltd. (affiliate of Yorkville Advisors Global, LP) · Deal value: $175.0M · Consideration: mixed

## Key dates
- Announced 2026-08-06

## Timeline
- 2026-08-06 · 8-K (0001193125-26-336637): 8-K - LITHIUM AMERICAS CORP. — *Lithium Americas Corp. is developing Thacker Pass in northern Nevada, designed to produce 40,000 tonnes per year of battery-grade lithium carbonate with mechanical completion targeted for late 2027; the project is owned by a joint venture with General Motors (62% Lithium Americas, 38% GM) and is financed by a $2.23 billion U.S. Department of Energy loan and strategic investments from GM and Orion…* Lithium Americas Corp. entered into a Securities Purchase Agreement with YA II PN, Ltd. (an affiliate of Yorkville Advisors Global, LP) on August 5, 2026, to issue up to $175 million in aggregate principal amount of subordinated convertible debentures. The Company will initially issue $150 million upon filing its quarterly report on Form 10-Q for the period ended June 30, 2026, with the remaining $25 million available at the Company's discretion in one or more delayed closings. The debentures carry a 5-year maturity with a 5% annual interest rate (increasing to 7.50% or 15% upon specified trigger events), are convertible at a price equal to the lower of a fixed price (140% of the NYSE closing price on the day prior to issuance, or $3.79) or 95% of the lowest daily VWAP during the five consecutive trading days preceding conversion, subject to a floor price of 50% of the NYSE closing price (reducible to no less than 20%). The investor is subject to a 19.99% beneficial ownership cap (Exchange Cap) unless shareholder approval is obtained, and a 4.99% individual beneficial ownership threshold (increasable to 9.99% upon 65 days' notice). Proceeds will be used for general corporate purposes including corporate and project overhead, capital expenditures, debt repayment, and working capital.
  https://www.sec.gov/Archives/edgar/data/1966983/0001193125-26-336637.txt

## Citations
- 0001193125-26-336637 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526336637