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To: Sun Tzu who wrote (8236)	4/23/2024 12:37:02 PM
From: Sun Tzu	Respond to of 10768

Lithium Americas Closes US$275-Million Underwritten Public Share Offering MT NEWSWIRES - 1:05 PM ET 4/22/2024 INVESTMENT NEWS 01:05 PM EDT, 04/22/2024 (MT Newswires) -- Lithium Americas ( LAC ) on Monday said it closed a US$275-million underwritten public share offering. The company issued 55-million shares priced at US$5.00 each in the offering. The net proceeds from the financing are intended to be used to advance construction and development of the company's Thacker Pass lithium project in Humboldt County, Nevada. Chief executive Jonathan Evans said in a statement, "We are pleased to have completed this key financing milestone, which together with the U.S. Department of Energy (DOE) loan under the Advanced Technology Vehicles Manufacturing Loan Program, satisfies the funding condition to closing the General Motors Holdings LLC second tranche investment. At the same time, the offering and GM funding will allow the company to meet the financing-related condition relating to closing the DOE Loan conditional commitment." These financings are expected to fully fund Thacker Pass Phase 1 construction. Lithium Americas ( LAC ) shares were last seen up C$0.06 to C$6.54 on the Toronto Stock Exchange.