---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-051979"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:10:17.351427+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-25-051979
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312525051979/0001193125-25-051979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312525051979/d930889d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-051979
- JSON: https://secwatch.observer/filing/0001193125-25-051979.json
- Plain text: https://secwatch.observer/filing/0001193125-25-051979.txt

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