Lithium Americas Corp. - LAC STOCK NEWS

Lithium Americas Corp. (LAC) announced that approximately 98% of Millennial Lithium Corp. (ML) shareholders approved the acquisition of all outstanding common shares by Lithium Americas. This vote is crucial for advancing the acquisition process, with completion expected by January 25, 2022. The company, which operates in Argentina and Nevada, aims to bolster its lithium assets through this transaction, previously announced on November 17, 2021.

Lithium Americas has announced the successful completion of its US$258.75 million offering of 1.75% convertible senior notes due 2027. This included an exercise of the Over-Allotment Option for an additional US$33.75 million. The proceeds will be used to repay a US$205 million senior secured credit facility and for general corporate purposes. The notes are convertible into common shares at a premium of approximately 35% to the last sale price as of December 1, 2021. This move enhances the company’s balance sheet and reduces interest costs.

Lithium Americas Corp. (LAC) has successfully closed a US$225 million offering of 1.75% convertible senior notes due 2027. Proceeds will be used to fully repay a US$205 million secured credit facility, with remaining funds allocated for general corporate purposes. The notes are convertible at a price of approximately US$47.10 per share, representing a 35% premium over the stock's last sale price. An over-allotment option of US$33.75 million allows initial purchasers to increase the offering size. This financing enhances the company's capital structure and financial flexibility.

Lithium Americas Corp. (LAC) has announced the pricing of a US$225 million offering of convertible senior notes due in 2027. An over-allotment option for an additional US$33.75 million is also available. The notes will accrue interest at 1.75% per annum, with a conversion rate starting at 21.2307 shares per US$1,000 principal amount. The company plans to use the proceeds to repay existing debt and for general corporate purposes. The offering is expected to close around December 6, 2021, pending regulatory approvals.

Lithium Americas Corp. (LAC) has announced a proposed offering of $225 million in convertible senior notes due in 2027. The offering includes an option for initial purchasers to buy an additional $33.75 million. The unsecured notes will accrue interest payable semi-annually and can be converted into cash or common shares under specific conditions. Proceeds will be used to repay indebtedness and for general corporate purposes. The offering is subject to market conditions and regulatory approvals from the TSX and NYSE.

Lithium Americas Corp. (LAC) announced a significant investment on November 24, 2021, acquiring 23,369,003 common shares of Arena Minerals Inc. at C$0.54 each, totaling approximately US$10 million. This purchase increases Lithium Americas' stake in Arena to 66,226,146 shares, representing 18% of the total shares outstanding. The investment solidifies Lithium Americas' commitment to resource development in Argentina, particularly near its Caucharí-Olaroz lithium project. Additionally, Ignacio Celorrio, President for Latin Americas at Lithium Americas, is expected to join Arena's board.

Lithium Americas Corp. (LAC) has announced a definitive agreement to acquire Millennial Lithium Corp. (ML) for C$4.70 per share, totaling approximately US$400 million. This transaction grants Millennial shareholders around 9.1% ownership in Lithium Americas based on its recent share price. The acquisition aims to enhance Lithium Americas’ growth strategy by integrating Millennial's Pastos Grandes project, leveraging synergies with its Caucharí-Olaroz operation. The deal is subject to regulatory approvals and is expected to close in January 2022.

Lithium Americas Corp. (LAC) announced its Q3 2021 results, highlighting progress on its Caucharí-Olaroz and Thacker Pass projects. Construction at Caucharí-Olaroz is 81% complete, with an expected first production by mid-2022. Total expenditures were $519 million. Thacker Pass is set for early works in H1 2022, targeting an increase in lithium carbonate production capacity to 40,000 tpa. Financially, LAC reported a net loss of $17.2 million for Q3 2021, up from $6.5 million in Q3 2020, with a cash balance of $482 million. The company also plans an offer to acquire Millennial Lithium Corp. valued at approximately $400 million.

Lithium Americas Corp. (LAC) announced an unconditional offer to acquire Millennial Lithium Corp. for approximately US$400 million. Each Millennial shareholder will receive C$4.70 per share, translating to a 22.1% premium over a previous agreement with CATL. The acquisition promises to enhance Lithium Americas' growth strategy near its Caucharí-Olaroz project in Argentina. The Millennial Board considers this offer a 'Superior Proposal' and has initiated a 10-day Matching Period for CATL to respond. The transaction entails payment of a US$20 million termination fee under certain conditions.