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Vinson & Elkins Advises Lithium Americas in $175 Million Convertible Financing

Deals & Cases

August 7, 2026 • 1-minute read

Vinson & Elkins represented Lithium Americas Corp. (NYSE: LAC) (“Lithium Americas”) in connection with entry into a securities purchase agreement with YA II PN Ltd., an affiliate of Yorkville Global Advisors (“Yorkville”), pursuant to which Yorkville has agreed to purchase up to $175,000,000 aggregate principal amount of convertible debentures. Proceeds will further strengthen Lithium Americas’ liquidity position as it continues its development of Thacker Pass, which is designed to produce 40,000 tonnes per year of battery-grade lithium carbonate. The financing complements a $2.23 billion U.S. Department of Energy loan and strategic investments from General Motors Holdings LLC and funds managed by Orion Resource Partners, transactions on which Vinson & Elkins represented Lithium Americas.

The Vinson & Elkins corporate team was led by Partner Ben Heriaud, Senior Associate Nick Wetzeler, and Partner Jackson O’Maley, with assistance from Associates Shelby Shearer, Hannah Avery, and Eleni McGee. Also advising were Partner David Stone and Senior Associate Layton Suchma; Partners Wendy Salinas, David Peck, and Sean Moran, and Associate Paige Melton; Partner Eamon Nolan and Associates Darren Fox, Dan Lee, and Dane Rogerson; Partner Austin White and Senior Associate Christina Wu.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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