Past year: ▼ 56%(2.41 – 5.73 USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2026capital raising announcement▼ BadMajor
The Yorkville deal's first tranche closed: $150 million of the subordinated convertible debentures were issued, with a fixed conversion price of $4.56 (or a lower variable price) and a floor of $1.63, potentially dropping to $0.65 - completing the company's third major dilutive financing move within a year, after the DOE warrants and repeated ATM raises.
6 Aug 2026capital raising announcement▼ BadMajor
Lithium Americas turned to a structured, potentially dilutive financing source: a deal with Yorkville Advisors (YA II PN) for up to $175 million of subordinated convertible debentures, with a variable conversion price (95% of the lowest 5-day VWAP, subject to a floor) and interest rates that step up to 7.5% or 15% if the stock falls, registration lapses, or dilution caps are hit - the kind of toxic-convertible structure typically used when cheaper capital isn't available. The notes rank behind, and are cash-repayment-limited while, Orion's existing notes remain outstanding.
3 Feb 2026capital raising announcement▼ BadMajor
Lithium Americas executed the dilutive warrants promised to the DOE under last October's loan waiver: a 10-year warrant to buy 18,268,687 shares (5% of the company) at $0.01/share, plus a warrant for a 5% non-voting economic stake in the LAC-GM joint venture at $0.0001/unit - real, priced-in dilution now delivered in exchange for keeping the federal project loan on track.
8 Oct 2025capital raising announcement▼ BadMajor
To keep its DOE loan for Thacker Pass in good standing, Lithium Americas agreed to a package of concessions: issuing the DOE penny warrants for 5% of its common shares and 5% of the LAC-GM joint venture's economic interest, tightening GM offtake-priority terms, and contributing an additional $120 million to DOE loan reserve accounts ($60M debt-service-coverage shortfall reserve, $60M care & maintenance reserve) within 12 months - real dilution and cash commitments to preserve the project's federal financing.
7 Apr 2025capital raising announcement▲ GoodMajor
The Orion financing closed: Lithium Americas issued the $195 million convertible note and received the $25 million production payment, funding $220 million of the announced $250 million Phase 1 construction package.
11 Mar 2025capital raising announcement▲ GoodMajor
Lithium Americas lined up a $250 million financing package from mine-finance specialist Orion Resource Partners for Thacker Pass Phase 1 construction: a $195 million convertible note (9.875% interest, convertible at $3.78/share), a $25 million production payment agreement, and an option for Orion to fund a further $30 million within two years.
