05:59 AM EDT, 10/08/2025 (MT Newswires) -- Lithium Americas ( LAC ) said late Tuesday it finalized certain amendments to the company's $2.23 billion loan from the US Department of Energy for financing the construction of processing facilities at the Thacker Pass joint venture project with General Motors ( GM ) .

The DOE has agreed to defer $184 million of scheduled debt service obligations from the first five years of loan repayment to the remaining years of loan maturity. In exchange, the department will receive a 5% equity stake in Lithium Americas ( LAC ) and a 5% economic interest in the joint venture.

Lithium Americas ( LAC ) said it will contribute an additional $120 million to DOE loan reserve accounts, to be funded within 12 months of the amendments.

The company also said it completed its at-the-market equity program, selling about 26.9 million common shares for about $100 million in gross proceeds.

Lithium Americas ( LAC ) shares were up 4.4% in recent premarket activity Wednesday.