Lithium Americas secures up to $175M in convertible debentures to fund Thacker Pass

LITHIUM AMERICAS CORP.

Initial $150M subordinated convertible debenture issuance; option for additional $25M at Company's discretion.
5-year maturity, 5% annual interest (step-up to 7.5% in first 2 years, 15% after 2 years upon certain events).
Conversion price is lower of fixed price (≥140% of prior close or $3.79) or 95% of 5-day VWAP, subject to floor price.
Proceeds for general corporate purposes including Thacker Pass; ATM equity program suspended for 30 days.
Thacker Pass targets late 2027 mechanical completion; backed by $2.23B DOE loan and GM/Orion investments.

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