On April 22, 2024, Lithium Americas Corp. completed a public offering of 55,000,000 common shares at a price of US$5.00 per common share, for aggregate gross proceeds of US$275 million.
The net proceeds of the offering are to be used to fund the advancement of construction and development of Lithium Americas’ Thacker Pass lithium project in Humbolt County, Nevada.
Cassels Brock & Blackwell LLP acted as Canadian counsel to Lithium Americas Corp. with a deal team that included David Redford, Kyle Simpson, John Munnis, Randall Blom, Reza Sarsangi (securities and mining), Sean Baraich (business), Corinne Grigoriu, Neil Burnside (tax), and Kim Dodson (law clerk).
Dorsey & Whitney LLP acted as US counsel to Lithium Americas Corp with a deal team that included James Guttman, Dale K. Williams, and Joseph Frydenlund.
Blake, Cassels & Graydon LLP acted as counsel to the underwriters with a deal team that included Bob Wooder, Kathleen Keilty, Borna Pirzadeh, Hayley Nelles, and Seb Lloyd.
Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to the underwriters with a deal team that included Ryan J. Dzierniejko, Annabelle Gardere, and Haris Yaqeen.