Lithium Americas Corp. announced on May 15, 2025, that it has entered into an equity distribution agreement to establish an At-The-Market (ATM) Program. This program allows the company to sell common shares with a maximum aggregate offering price of $100 million.
Shares sold through the ATM Program will be offered on the New York Stock Exchange, the Toronto Stock Exchange, and other agreed marketplaces at prevailing market prices. The volume and timing of any sales will be determined at the company's discretion.
The net proceeds from the ATM Program, if any, are intended for general corporate purposes. These purposes may include funding corporate and project overhead expenses, financing capital expenditures, repaying indebtedness, and adding to working capital, providing financial flexibility for ongoing operations and development.
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