LITHIUM AMERICAS CORP. 8-K

What Happened
Lithium Americas Corp. announced on March 19, 2026 that it entered into an Equity Distribution Agreement with TD Securities (USA) LLC to establish an at-the-market (ATM) program allowing the company to offer and sell up to US$250,000,000 of its common shares. The Common Shares will be issued under the company’s shelf registration statement on Form S-3 (File No. 333-287327), and a related prospectus supplement was filed the same day.

Key Details

• Agreement date: March 19, 2026; sales agent: TD Securities (USA) LLC.
• Maximum aggregate offering size: US$250,000,000.
• Agent fee: up to 3.0% of gross proceeds per sale; company will also reimburse legal fees and provide customary indemnities.
• Securities issued under shelf registration effective May 23, 2025 (Form S-3 No. 333-287327); prospectus supplement filed March 19, 2026.
• Company not obligated to sell shares; ATM program effective until all shares sold or terminated.
• Legal opinion on validity of issuance filed as Exhibit 5.1 (Cassels Brock & Blackwell LLP).

Why It Matters
This agreement gives Lithium Americas a flexible, on-demand way to raise up to $250 million of equity capital by selling shares into the market over time. For investors, the program is a potential source of dilution if the company elects to issue shares, and sales through the ATM could affect share supply and near-term market price. The company states net proceeds, if any, will be used for general corporate purposes, including project and corporate overhead, capital expenditures, debt repayment and working capital.