Lithium Americas Announces Proposed Public Offering of Common Shares

(All amounts in US$ unless otherwise indicated)

VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced that it intends to offer and sell, subject to market conditions, 55,000,000 of its common shares (the “Common Shares”) in an underwritten public offering (the “Offering”). All of the Common Shares to be sold in the Offering will be offered by Lithium Americas. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Lithium Americas also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Common Shares (the “Over-Allotment Option”).

Evercore ISI, Goldman Sachs & Co. LLC and BMO Capital Markets (together, the “Lead Underwriters”) will lead a syndicate of underwriters and are acting as the co-lead book-running managers for the proposed Offering.

The Offering will be made in the United States by way of a prospectus supplement (the “U.S. Prospectus Supplement”) to the Company’s existing base shelf prospectus (the “U.S. Base Shelf Prospectus”) forming part of an effective registration statement on Form F-3 (File No. 333-274883) (the “Registration Statement”), and will be made in Canada by way of a prospectus supplement (the “Canadian Prospectus Supplement”, together with the U.S. Prospectus Supplement, the “Prospectus Supplements”) to the Company’s existing base shelf prospectus (the “Canadian Base Shelf Prospectus”, together with the U.S. Base Shelf Prospectus, the “Base Shelf Prospectuses”). The Offering is being made in the United States and in each of the provinces and territories of Canada, except Québec. The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the proposed Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement and the other documents the Company has filed before making an investment decision. The preliminary Canadian Prospectus Supplement (together with the related Canadian Base Shelf Prospectus) is available on SEDAR+ at www.sedarplus.ca. The preliminary U.S. Prospectus Supplement (together with the Registration Statement) is available on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the final U.S. Prospectus Supplement (together with the Registration Statement) may be obtained, when available, upon request by contacting Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52^nd Street, 35^th Floor, New York, NY 10055 by telephone at [phone] or by email at [e-mail]; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282 by telephone at [phone] or by email at [e-mail]; or BMO Nesbitt Burns Inc., Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario L6S 6H2, by telephone at 905-791-3151 EXT 4312 or by email at [e-mail].