Lithium Americas Corp and DOE Agree to Amend 223 Billion Loan for Thacker Pass Project

Reuters
2025/10/08
Lithium Americas Corp and DOE Agree to Amend 223 Billion Loan for Thacker Pass Project

Lithium Americas Corp. has finalized amendments to its existing $2.23 billion loan from the U.S. Department of Energy (DOE) to finance the construction of processing facilities at Thacker Pass. Under the new terms, $184 million of scheduled debt service obligations will be deferred from the first five years of repayment to the remaining years of the loan's maturity. Additionally, Lithium Americas will contribute an extra $120 million to DOE Loan reserve accounts within 12 months of the amendments taking effect. In exchange for the debt service deferral, the DOE will receive warrants to acquire a 5% equity stake in Lithium Americas and a 5% economic stake in the Thacker Pass joint venture. These warrants and related agreements remain subject to final documentation and approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Americas Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251007448987) on October 08, 2025, and is solely responsible for the information contained therein.

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