representative work

Lithium Americas and General Motors Complete Closing under US$650 Million Equity Investment and Supply Agreement Transaction


On February 16, 2023, Lithium Americas Corp. and General Motors held the initial closing under their US$650 Million equity investment and supply agreement transaction. At the closing, General Motors completed the first tranche of its equity investment commitment, by subscribing for US$320 million of common shares of Lithium Americas to acquire 9.999% of Lithium Americas’ issued share capital, and the parties entered into an offtake agreement for the sale to General Motors of all lithium carbonate produced on stage 1 of the Thacker Pass Project and an investor rights agreement.

Cassels acted for Lithium Americas.

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