Lithium Americas reaches non-binding agreement with DOE and GM for first draw of $435M on $2.26B loan

LITHIUM AMERICAS CORP.

$435M first draw expected Q4 2025 on $2.26B DOE loan for Thacker Pass; total loan adjusted to $2.23B.
DOE defers $182M debt service over 5 years in exchange for 5% equity warrants in LAC and 5% JV economic interest.
Company to post additional $120M to reserve accounts within 12 months of first draw.
GM amends offtake agreement to allow JV to sell remaining Phase 1 production to third parties.
Non-binding agreement in principle; definitive documentation and conditions remain pending.

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