Lithium Americas Corp (NewCo) Dossier
Qualitative Analysis
Business overview
Lithium Americas Corp. (LAC) is a Canadian-based resource and materials company focused on developing, building, and operating significant lithium deposits and chemical processing facilities. The company's flagship asset is the Thacker Pass project located in Humboldt County, Nevada, which represents the largest known lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the United States. Lithium Americas currently owns a 62% interest in Thacker Pass and manages the project, while General Motors (GM) holds a 38% interest. The project is designed to establish a secure, domestic lithium supply chain to support the on-shoring of industrial-scale battery-quality lithium carbonate production.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Developing the flagship Thacker Pass lithium claystone project in Humboldt County, Nevada, to establish a secure, domestic supply chain of battery-grade lithium carbonate.
Expected impact: Targeting nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate, sufficient to support up to 1 million electric vehicles annually.
Partnering with Emerson to implement advanced automation and digital technologies at the Thacker Pass processing plant.
Expected impact: Optimizes operational efficiencies, enhances safety, and ensures consistent production of high-purity battery-grade lithium.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Establishes a long-term commercial anchor and provides substantial capital backing for the Thacker Pass project.
Terms: GM committed a total of $625 million to form a joint venture, securing a 38% asset-level ownership stake in Thacker Pass alongside a 20-year offtake agreement for up to 100% of Phase 1 production volumes.
Secures fully funded status at the project and corporate level for the duration of Phase 1 construction.
Terms: A $250 million strategic investment consisting of $195 million in senior unsecured convertible notes, a $25 million production payment agreement, and a $30 million delayed-draw note facility.
Provides low-cost debt financing backed by federal initiatives to secure critical domestic mineral supply chains.
Terms: A $2.26 billion conditional loan facility under the Advanced Technology Vehicles Manufacturing (ATVM) program. In connection with the loan, the company issued a warrant to the DOE to purchase up to 5% of the company's common shares at an exercise price of $0.01 per share.