07:30 AM EDT, 10/08/2025 (MT Newswires) -- Lithium Americas ( LAC ) up 3% in pre-market trading, said it has finalized its agreement on certain amendments to the US$2.23 billion loan from the U.S. Department of Energy (DOE) to construct the processing facilities at Thacker Pass. The company also completed an at-the-market equity program.

The amendments will see the DOE defer $184 million of debt service obligations from the first five years of loan repayment to the remaining years of loan maturity. The company will also contribute an extra $120 million to DOE loan reserve accounts.

In return, the DOE will receive a 5% equity stake in Lithium Americas ( LAC ) through warrants to buy shares at $0.01 each, and a 5% economic stake in the JV through warrants to buy an equity interest of the JV with an exercise price of $0.01 per unit.

GM's offtake agreement with Lithium Americas' ( LAC ) subsidiary, Lithium Nevada (LN), has also been amended to allow LN to enter into third-party offtake agreements for certain remaining production volumes not forecasted to be purchased by GM.

The company established an ATM program May 15, which was completed Oct. 1. The company sold 26.9 million shares, raising $1 billion.

Lithium Americas ( LAC ) was last seen up $0.25, to $8.52 in New York trading.