Bullboard - Stock Discussion Forum Lithium Americas Corp T.LAC

Alternate Symbol(s): LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers... see more

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TSX:LAC - Post Discussion

Lithium Americas Corp > Lithium Americas Announces Closing of US$100M ATM Offering

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Post by davgro on Nov 30, 2020 4:49pm

Lithium Americas Announces Closing of US$100M ATM Offering

2020-11-30 16:15 ET - News Release

VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce that it has completed the US$100 million at-the-market equity offering (the “ATM Program”) announced on October 20, 2020. In connection with the ATM Program, the Company issued a total of 9,266,587 common shares from treasury for gross proceeds of approximately US$100 million.

Total net proceeds from the ATM Program will be used for working capital and general corporate purposes.

“We are very pleased with the outcome of the ATM Program,” said Jon Evans, President and CEO. “With over US$145 million in cash on our balance sheet, the Company is in a strong position to complete construction at Cauchar-Olaroz and advance strategic discussions to finance Thacker Pass.”

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