---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-074679"
form_type: "8-K"
ticker: "LAC"
cik: "0001966983"
company_name: "LITHIUM AMERICAS CORP."
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T20:19:09.861760+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lithium Americas closes $250M Orion investment, achieves FID for Thacker Pass Phase 1

## Summary
- Closed $195M convertible note at 9.875% interest, $25M production payment from Orion; additional $30M delayed draw notes available.
- Thacker Pass Phase 1 FID announced with GM; construction target late 2027 for 40,000 t/y lithium carbonate.
- Fully funded status achieved; DOE $2.26B loan conditions satisfied; GM contributed $100M, LAC $192M to JV.
- Convertible note convertible at $3.78/share, maturity April 2030; capped conversion at 43.7M shares.
- Production payments: fixed $128/tonne for 72 quarters, variable 0.96% of gross revenue for life of mine.

## SEC filing metadata
- accession: 0001193125-25-074679
- form_type: 8-K
- ticker: LAC
- cik: 0001966983
- company_name: LITHIUM AMERICAS CORP.
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1966983/000119312525074679/0001193125-25-074679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1966983/000119312525074679/d939615d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-074679
- JSON: https://secwatch.observer/filing/0001193125-25-074679.json
- Plain text: https://secwatch.observer/filing/0001193125-25-074679.txt

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