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Stock impact report

Lithium Americas secures $250m investment for Thacker Pass lithium project in US [Yahoo! Finance]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
and construction of phase one of the Thacker Pass lithium project in Humboldt County, Nevada, US. This investment positions the company to be fully funded for construction and provides liquidity to manage corporate overheads and other expenses post-final investment decision. Orion has committed to purchasing senior unsecured convertible notes worth $195m and entering into a production payment agreement (PPA) with Lithium Americas. The PPA involves another $25m in exchange for payments linked to the minerals processed and the gross revenue generated by Thacker Pass. The combined initial investment of the notes and PPA totals $220m. Orion has also agreed to potentially purchase another $30m in notes within two years subject to certain conditions. Additionally, Orion has expressed a non-binding interest in evaluating up to $500m of financing for phase two of the Thacker Pass project. The investment is expected to close the week of 10 March 2025, subject to the satisfaction Show less Read more
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