On August 6, 2026, Lithium Americas Corp. entered into a securities purchase agreement with YA II PN, Ltd., an affiliate of Yorkville Advisors Global, LP, for up to US$175 million in aggregate principal amount of subordinated convertible debentures. Proceeds will further strengthen Lithium America’s liquidity position as it continues its development of Thacker Pass, which is designed to produce 40,000 tonnes per year of battery-grade lithium carbonate. The financing complements the project’s $2.23 billion U.S. Department of Energy loan and strategic investments from General Motors Holdings LLC and funds managed by Orion Resource Partners.
Cassels acted for Lithium Americas.