Lithium Americas Announces $250 Million Strategic Investment from Orion Resource Partners for Thacker Pass

The investment consists of a commitment to (i) purchase $195 million of the Company’s senior unsecured convertible notes (the “notes”), (ii) enter into a Production Payment Agreement whereby Orion will pay $25 million to the Company in exchange for payments corresponding to the minerals processed and revenue generated by the Thacker Pass Project, and, (iii) subject to the satisfaction of certain conditions precedent, purchase an additional $30 million in notes within two years.

The Vinson & Elkins team was led by partners Ben Heriaud and Jackson O’Maley, with assistance from senior associate Layton Suchma and associates Nick Wetzeler, John Frey, Shelby Shearer, Lauren Perillo, Hannah Avery, and Waleed Vohra. Also advising were partner Eamon Nolan, senior associate Maria Borges, and associates Andrew Chang and Dan Lee; partner Robert Hughes, counsels Austin White and Bader Thabti, and associate Christina Wu; partners David Peck and Wendy Salinas and associate Paige Melton; counsel Alex Bluebond; partner Shane Tucker and associate Matt Green; partner Michael Kurzer, senior associate Haley Titcomb, and associate Sean Dao; partners Matthew Dobbins and Brandon Tuck and senior associate Kelly Rondinelli; counsel Elizabeth Krabill McIntyre; and partner Brian Howard.