Lithium Americas Closes US$400 Million Underwritten General public Offering Toronto Inventory Exchange:LAC

VANCOUVER, British Columbia, Jan. 22, 2021 (World NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Enterprise”) declared these days the closing of its earlier introduced underwritten public featuring (the “Offering”) of shares of its prevalent inventory (the “Prevalent Shares”). The Corporation issued 18,181,818 Typical Shares, such as 2,272,727 Frequent Shares following the training in entire by the underwriters of their in excess of-allotment solution. The shares were issued at a price of US$22.00 per Frequent Share for gross proceeds to the Enterprise of roughly US$400 million.

Canaccord Genuity acted as direct reserve-jogging manager for the Offering, Deutsche Bank Securities, Evercore ISI and Stifel acted as joint book-operating administrators and National Lender Economical and Cormark Securities acted as co-managers.  

The internet proceeds from the Giving are supposed to be used to fund enhancement of the Thacker Pass lithium challenge and for typical company and doing the job cash functions, as additional explained in the Prospectus Complement explained below.

The Giving was created by way of a prospectus complement (the “Prospectus Dietary supplement”) to the Company’s present Canadian foundation shelf prospectus (the “Foundation Shelf Prospectus”) and the Company’s United States registration assertion on Type F-10 (the “Registration Assertion”). The Offering was created in the United States and in each and every of the provinces and territories of Canada, except Québec. The Prospectus Nutritional supplement, the Foundation Shelf Prospectus and the Registration Assertion consist of critical facts about the Company and the Featuring. The remaining Canadian Prospectus Supplement (alongside one another with the connected Canadian Foundation Shelf Prospectus) is accessible on SEDAR at www.sedar.com. The remaining U.S. Prospectus Dietary supplement (with each other with the Registration Assertion) is accessible on EDGAR at www.sec.gov. Alternatively, the Canadian Prospectus Health supplement (together with the associated Canadian Base Shelf Prospectus) and the U.S. Prospectus Health supplement (with each other with the Registration Assertion) might be obtained upon ask for by calling the Enterprise or Canaccord Genuity, Attention: Syndicate Section, 99 Substantial Avenue, Suite 1200, Boston, MA 02110, by phone at (617) 371-3900 or by email at [email protected].

This push release does not represent an present to provide or the solicitation of an provide to acquire securities, nor will there be any sale of the securities in any province, point out or jurisdiction in which these types of offer, solicitation or sale would be illegal prior to the registration or qualification under the securities legal guidelines of any such province, point out or jurisdiction. The securities remaining presented have not been accepted or disapproved by any regulatory authority, nor has any these types of authority handed on by the accuracy or adequacy of the Prospectus Health supplements, the Foundation Shelf Prospectus or the Registration Statement.

The Firm is relying on an exemption underneath Part 602.1 of the TSX Corporation Manual for the pricing of the Giving, pursuant to which the Firm is following the rules of the New York Stock Exchange.

About Lithium Americas:

Lithium Americas is a improvement-phase enterprise with initiatives in Jujuy, Argentina and Nevada, United states of america.  The Enterprise trades on each the Toronto Stock Trade and on the New York Stock Exchange, beneath the ticker symbol “LAC”.

For more details get in touch with:
Lithium Americas Corp.
Investor Relations
Suite 300 – 900 West Hastings Avenue
Vancouver, BC, V6C 1E5
Phone: 778-656-5820
E mail: [email protected]
Site: www.lithiumamericas.com

Forward-Wanting Statements:

This information launch contains “forward-hunting information” and “forward-wanting statements” (which we refer to collectively as ahead-looking information) below the provisions of relevant securities laws. All statements, other than statements of historic simple fact, are forward-seeking info. Illustrations of forward-searching information in this information release incorporate, among other matters, statements connected to the anticipated use of proceeds of the Providing.

Ahead-hunting information and facts is primarily based upon a amount of components and assumptions that, if untrue, could lead to the precise success, performances or achievements of the Enterprise to be materially different from long term results, performances or achievements expressed or implied by this sort of information and facts. These kinds of info demonstrates the Company’s current sights with respect to potential activities and is essentially centered on a selection of assumptions that, when considered realistic by the Organization these days, are inherently issue to considerable uncertainties and contingencies. These assumptions consist of, among the other folks: the anticipated use of proceeds of the Offering envisioned budgets, capital expenditures and plans for the Company’s jobs estimates of the mineral sources and reserves at its houses progress of mineral resources and reserves federal government regulation of mining functions and treatment beneath governmental and taxation regimes the timing and quantity of long term generation forex trade and interest charges the Company’s potential to elevate funds exploration of financing choices and a potential joint undertaking partner for Thacker Go the timing, value, amount, ability and merchandise high-quality of manufacturing at the Thacker Move undertaking final results of the Company’s engineering, style permitting software at the Thacker Move job, including that the Enterprise receives permits as expected prosperous outcomes from the Company’s screening facility and third-social gathering exams relevant thereto funds expenditures, operating expenditures, sustaining funds requirements, timing, results and completion of the Thacker Go feasibility review funding of venture permitting and feasibility review charges for the Thacker Go undertaking means to accomplish cash value efficiencies the impact of existing or any added polices on the Company’s operations forecasted demand for lithium products, which include pricing thereof the Company’s ability to fund, progress and create the Caucharí-Olaroz task and the Thacker Move job into output, together with benefits therefrom and timing thereof the impacts of COVID-19 globally and in the jurisdictions in which we operate, and on the availability and movement of staff, materials and products timing of regulatory approvals and permits, and on 3rd events we are in a contractual connection with regarding the preparing of the feasibility research and with respect to development actions at the Caucharí-Olaroz undertaking precision of mineral methods, which include irrespective of whether this sort of mineral sources can ever be transformed into reserves reliability of technological information, precision of present funds and development estimates that pending patents will be authorised ability to attain industrial generation the share selling price and demand for our prevalent inventory normal economic problems maintenance of a positive organization romance with co-house owners timely responses from governmental organizations liable for reviewing and thinking about the Company’s allowing routines the Business situation in a aggressive setting and a steady and supportive legislative, regulatory and neighborhood atmosphere.

Ahead-hunting info also involve recognized and not known hazards that may perhaps cause real results to differ materially, these hazards include, between other folks, inherent challenges in the progress of money intensive mineral projects (such as as co-entrepreneurs), variants in mineral means and mineral reserves, world wide desire for lithium, recovery premiums and lithium pricing, dangers affiliated with effectively securing suitable funding, variations in undertaking parameters and funding thereof, dangers relevant to advancement of lithium marketplaces and pricing for products and solutions thereof, variations in laws, governmental or group coverage, political threat connected with international operations, permitting hazard, which include receipt of new permits and maintenance of current permits, title and obtain chance, price tag overruns, unpredictable weather conditions and maintenance of normal means, unanticipated delays, intellectual house dangers, currency and fascination charge fluctuations, operational threats, health and fitness and basic safety dangers, and general market and business problems. Further dangers, assumptions and other things are set out in the Company’s management dialogue investigation, most the latest yearly data kind and annual report on Sort 40-F, copies of which are obtainable on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Despite the fact that the Company has tried to identify critical pitfalls and assumptions, specified the inherent uncertainties in this kind of ahead-looking info, there may well be other factors that induce success to vary materially. Forward-searching facts is made as of the date hereof and the Enterprise does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information and facts contained in this news release, apart from as expected by legislation. Accordingly, viewers are cautioned not to spot undue reliance on forward-on the lookout information and facts.