other material
confidence high
sentiment neutral
materiality 0.60
Lithium Americas enters $250M ATM equity distribution agreement with TD Securities
LITHIUM AMERICAS CORP.
- Agreement allows sale of up to US$250M common shares at-the-market via TD Securities.
- Commission of up to 3.0% of gross proceeds; Agent receives customary indemnification.
- Proceeds may fund portion of $120M DOE loan reserve account and general corporate purposes.
- Company not obligated to sell any shares under the program; shelf registration effective May 23, 2025.
- ATM program relies on TSX exemption for eligible interlisted issuers; common shares trade on NYSE/TSX.