---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-047737"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T07:43:21.203707+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lithium Americas secures $250M Orion investment to fully fund Thacker Pass Phase 1

## Summary
- Orion invests $250M: $195M convertible notes (9.875% interest, conv. price $3.78), $25M PPA, $30M delayed draw.
- Investment expected to close week of Mar 10; enables FID for Thacker Pass Phase 1; fully funded for construction.
- Phase 1 target late 2027; first DOE loan draw Q3 2025; Orion to evaluate up to $500M for Phase 2.
- Conversion price of $3.78 per share is a 43% premium to 5-day VWAP on NYSE.

## SEC filing metadata
- accession: 0001193125-25-047737
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312525047737/0001193125-25-047737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312525047737/d940383d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-047737
- JSON: https://secwatch.observer/filing/0001193125-25-047737.json
- Plain text: https://secwatch.observer/filing/0001193125-25-047737.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.