Lithium Americas secures $250M financing for Thacker Pass via convertible note and production payment agreement

LITHIUM AMERICAS CORP.

$195M convertible note at 9.875% interest, convertible at $3.78/share, with a 5-year maturity.
Production payment agreement: $128/tonne fixed for 72 quarters plus 0.96% gross revenue variable.
Investor (Orion Resource Partners) also commits $25M upfront and $30M delayed draw option.
Funds will support construction and development of Phase 1 of Thacker Pass lithium project in Nevada.
Convertible note issuance is exempt under Section 4(a)(2); registration rights agreement for resale of conversion shares.

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