Lithium Americas Corp. · NYSE:LAC

Lithium Americas — Benchmark Presentation April 2017

27 slides from Lithium Americas's conference presentation, April 2017

1. Slide 1: The Rise and Fall of Lithium

   THE RISE AND FALL OF LITHIUM +60 MILLION TONS OF OPPORTUNITY Dr. David Deak Lithium Americas Corp. APRIL 2017 The views, estimates, and opinions expressed in this presentation are those of the author and do not necessarily reflect the position of Lithium Americas Corp. APRIL 2017 |

2. Slide 2: Why Are We Here?

   WHY ARE WE HERE? APRIL 2017 |

3. Slide 3: Climate Change 101

   CLIMATE CHANGE 101 Current 375 Level Atmospheric carbon dioxide levels 350 325 300 275 250 225 200 175 400,000 300,000 200,000 100,000 0 Years before present Source: NASA APRIL 2017 | 3

4. Slide 4: Energy Sources vs CO2

   ENERGY SOURCES VS CO 2 45 40 US energy consumption (quadrillion BTU) Petroleum 35 30 25 Natural Gas 20 15 Coal 10 Nuclear 5 Hydro Wood Renewables 0 1776 1836 1895 1956 2012 Source: EIA APRIL 2017 | 4

5. Slide 5: What Is the Opportunity?

   WHAT IS THE OPPORTUNITY? APRIL 2017 |

6. Slide 6: Keeping the Lights On

   KEEPING THE LIGHTS ON APRIL 2017 | 6

7. Slide 7: The EV: A Better User Experience

   THE EV: A BETTER USER EXPERIENCE | T SX : LAC APRIL 2017 | 7

8. Slide 8: Lithium: Cost Parity

   LITHIUM: COST PARITY TODAY Source: McKinsey, EIA | T SX : LAC APRIL 2017 | 8

9. Slide 9: Lithium: It's Light

   LITHIUM: IT’S LIGHT Periodic table Lithium Anode 3 Li Cathode | T SX : LAC APRIL 2017 | 9

10. Slide 10: Lithium: It's High Energy

    LITHIUM: IT’S HIGH ENERGY Electrochemical series F2 + 2e- ⇄ 2F. +2.87 Pb4+ + 2e- ⇄ Pb2+ +1.67 Cl2 + 2e- ⇄ 2Cl- +1.36 O2 = 4H+ + 4e- ⇄ 2H2O +1.23 stronger reducing agent stronger oxidizing agent Ag+ + 1e- ⇄ Ag +0.80 Fe3+ + 1e- ⇄ Fe2+ +0.77 Cu2+ + 2e- ⇄ Cu +0.34 2H+ + 2e- ⇄ H2 0.00 Pb2+ + 2e- ⇄ Pb -0.

11. Slide 11: Lithium Market: Today

    LITHIUM MARKET: TODAY $1.5 billion in sales 182 kt LCE market 40% Lithium carbonate Li-ion equivalent (LCE) Li 60% other 3-4 gigafactories Source: USGS | T SX : LAC APRIL 2017 | 11

12. Slide 12: Gigafactory Mathematics

    GIGAFACTORY MATHEMATICS To meet some oncoming demand (e.g. Tesla, VW) in 5 years: 1 GIGAFACTORY 4 GIGAFACTORIES 70 GWh / year x 0.7 kg LCE per kWh ~ 50,000 t of LCE per year ~ 200,000 t of LCE per year 70 GWh / 70 kWh per EV ~ 1 million EVs per year ~ 4 million EVs per year = 25% of today’s Li marke

13. Slide 13: Gigafactory Mathematics

    GIGAFACTORY MATHEMATICS To electrify the world’s fleet of vehicles: 1 GIGAFACTORY 62 GIGAFACTORIES 70 GWh x 0.7 kg LCE per kWh ~ 50,000 t of LCE per year ~ 3.1 million tonnes of LCE per year 70 GWh / 70 kWh per EV ~ 1 million EVs per year ~ 62 million EVs per year Over 20 years: Over 20 years: = 1 m

14. Slide 14: Rapid Technology Adoption

    RAPID TECHNOLOGY ADOPTION 100 Percent of households 75 50 25 0 1910 1930 1950 1970 1990 2010 Electricity Range Refrigerator Radio Color Television Telephone Automobile Microwave Clothes Washer VCR Air Conditioning Clothes Dryer Dish Washer Computer Cell Phone Internet Electricity Source: BlackRock,

15. Slide 15: Lithium Market: Tomorrow

    LITHIUM MARKET: TOMORROW 3.1 million tonnes …. | T SX : LAC APRIL 2017 | 15

16. Slide 16: Lithium Market: Tomorrow

    LITHIUM MARKET: TOMORROW EV market needs 20x growth Lithium carbonate equivalent (LCE) 3.1 million tpa LCE Over 60 gigafactories Excludes:  Utility storage  Semi trucks | T SX : LAC APRIL 2017 | 16

17. Slide 17: Where Are the Opportunities?

    WHERE ARE THE OPPORTUNITIES? APRIL 2017 |

18. Slide 18: Lithium Sources

    LITHIUM SOURCES BRINE HARD ROCK CLAY | T SX : LAC APRIL 2017 | 18

19. Slide 19: Lithium Production Costs

    LITHIUM PRODUCTION COSTS Difficult to escape physics Plenty of room for optimization Innovate to lower cost | T SX : LAC APRIL 2017 | 19

20. Slide 20: Innovate: Streamline Process

    INNOVATE: STREAMLINE PROCESS ore/brine  Li2CO  LiOH⋅H2O ore/brine  LiOH⋅H2O | T SX : LAC APRIL 2017 | 20

21. Slide 21: Innovate: Revamp Energy Systems

    INNOVATE: REVAMP ENERGY SYSTEMS Build on first principles $0.35/kWh  <$0.05/kWh Vertical integration | T SX : LAC APRIL 2017 | 21

22. Slide 22: Innovate: Alternative Brine Tech

    INNOVATE: ALTERNATIVE BRINE TECH Increase yield recovery Process for all circumstances Optimize water management | T SX : LAC APRIL 2017 | 22

23. Slide 23: Innovate: Alternative Rock Tech

    INNOVATE: ALTERNATIVE ROCK TECH Vertical integration $0.35/kWh  <$0.05/kWh Recycle consumables | T SX : LAC APRIL 2017 | 23

24. Slide 24: Innovate: Clay Opportunity

    INNOVATE: CLAY OPPORTUNITY Robust process exists* Favorable thermodynamics Goal: optimizing mass-energy balance *Not yet commercialized | T SX : LAC APRIL 2017 | 24

25. Slide 25: How to Best Invest in Lithium?

    HOW TO BEST INVEST IN LITHIUM? $40 BILLION | T SX : LAC APRIL 2017 | 25

26. Slide 26: Take-Aways

    TAKE-AWAYS 1 Electrification of transport is a reality • Better user experience 2 Lithium market must grow by a factor of +20 • For EV market needs • Cost parity today • More for utilities, semi-trucks et al. 3 Investable projects are: • Scalable and risk-manageable • Built on collaborative talent 4

27. Slide 27: The Future Is Clear

    THE FUTURE IS CLEAR CONTACT INFORMATION info@lithiumamericas.com 1100 – 355 Burrard Street Vancouver, BC V6C 2G8 Canada APRIL 2017 | Hong Kong

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