Lithium Americas Corp. (TSE:LAC) has released an update.
Lithium Americas Corp. has entered into an underwriting agreement to issue and sell 55 million common shares, with an option for underwriters to purchase an additional 8.25 million shares. The offering, aimed at raising capital, involves prominent underwriters such as Evercore Group L.L.C., Goldman Sachs & Co. LLC, and BMO Nesbitt Burns Inc. This move signifies the company’s efforts to expand its financial base amidst the growing demand for lithium.
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