DOE Supports Lithium Americas (LAC) As New Investor

Under the agreements, implemented connected January 30, Lithium Americas Corp. (NYSE:LAC) issued the DOE a warrant to acquisition up to 18,268,687 communal shares, representing 5% of the company’s outstanding shares. In addition, the associated task betwixt Lithium Americas Corp. (NYSE:LAC) and General Motors issued a abstracted warrant for Non-Voting Units representing a 5% economical involvement successful the associated venture. Both warrants are exercisable for 10 years and taxable to anti-dilution adjustments.

A registration rights statement obliges Lithium Americas Corp. (NYSE:LAC) to registry for resale the communal shares issuable upon workout of these warrants, portion a put, telephone and speech statement gives the DOE the close to merchantability oregon speech its associated task warrant interests to oregon done GM Holdings, and grants GM Holdings a corresponding telephone close aft important completion milestones astatine the Thacker Pass project.

Lithium Americas Corp. (NYSE:LAC) is simply a lithium mining institution that focuses connected developing, building, and operating lithium deposits and chemic processing facilities successful the United States and Canada.

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