In the latest trading session, Lithium Americas Corp. (LAC) closed at $4.68, marking a -1.47% move from the previous day.

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Lithium Americas Closes US$275-Million Underwritten Public Share Offering

(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,00

Lithium Americas' stock (LAC) plummeted after the company announced it was offering new shares at a discount. The shares were priced at $5, which was nearly 25% lower than Wednesday's closing price.  Yahoo Finance's Julie Hyman and Myles Udland discuss the announcement. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

(Bloomberg) -- Lithium Americas Corp.’s stock plunged the most on record after agreeing to sell 55 million shares at a deep discount.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsShares of the lithium explorer fell as much as 27% to $4.82 as of 9:31 a.m. in New Y

Lithium Americas said early on Thursday that it would raise $275 million to accelerate construction and development of the Thacker Pass lithium project in Nevada. The company will sell 55 million shares for $5 per share, Lithium Americas said, a month after the U.S. unveiled plans to lend it $2.26 billion to build the project. The company aims to extract lithium at Thacker Pass from a large clay deposit, something that has never been done before at commercial scale.

(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the pricing of its previously announced underwritten public offering (the “Offering”) of 55,000,000 of its common shares (the “Common Shares”) at a price to the public of $5.00 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of $275,000,000. The Offering is bei

Lithium Americas said on Wednesday it would sell 55 million of its common stock in a bid to raise more cash, a month after the U.S. unveiled plans to lend it $2.26 billion to build Nevada's Thacker Pass lithium project. The company aims to extract lithium at Thacker Pass from a large clay deposit, something that has never been done before at commercial scale. The loan, announced last month, is a key part of the Biden administration's effort to reduce dependence on lithium supplies from China.

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