Lithium Americas Enters Securities Purchase Agreement With Yorkville For Up To $175M Of Subordinated Convertible Debentures
Proceeds will further strengthen the Company’sliquidity position as it continues its development of Thacker Pass ("Thacker Pass" or the "Project"), which is designed to produce 40,000 tonnes per year of
Lithium Americas got permission to borrow up to $175 million from a company called Yorkville to help pay for building their mining project. This means they have more money to keep working on their plans, which is a sign they're serious about finishing it.
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