What financing arrangements, debt facilities, or equity issuances are planned to fund the project’s expansion?

Financing Outlook for Thacker Pass Expansion

Lithium Americas disclosed that the next phase of Thacker Pass will be funded primarily through existing and newly‑arranged capital‑raising tools. The company intends to draw down on its $1.5 billion term‑loan facility that was secured in 2023 and is already earmarked for mine‑development and processing‑plant construction. In addition, the firm announced a planned equity issuance – a secondary offering of roughly $500 million of common shares – to top‑up the balance‑sheet, provide a non‑dilutive cash buffer, and support the ramp‑up of production capacity. No new senior‑secured debt beyond the existing facility was mentioned, indicating the firm will rely on the current loan and the equity raise to meet its capital‑expenditure targets.

Trading Implications

The confirmed access to a sizable, low‑cost loan and a modest equity raise removes a key financing bottleneck for Thacker Pass, reinforcing the company’s ability to meet its 2026‑2027 production‑ramp targets. This should tighten the discount on LAC’s equity relative to peers (e.g., Albemarle, SQM) and could trigger a short‑term price appreciation as the market digests the reduced funding risk. However, the secondary equity issuance introduces a potential dilution signal, so investors may price‑in a modest upside‑downward adjustment. In practice, a buy‑on‑dip if the stock stalls below the 20‑day moving average (~$30) could capture the upside from the clarified financing runway, while a break above the 50‑day trend line (~$34) may open the door for a short‑term swing‑trade profit‑taking as the news is baked in.