Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (November 2024)
31 slides from Lithium Americas's investor presentation, November 2024
Slide 1: Corporate Presentation
NYSE & TSX: LAC Corporate Presentation
Slide 2: Disclaimer
NYSE & TSX: LAC 2 / CORPORATE PRESENTATION ● NOVEMBER 2024 Disclaimer ADDITIONAL REFERENCE MATERIALS NI 43-101 and S-K 1300 DISCLOSURE This presentation should be read in conjunction with materials from Lithium Americas Corp. (“LAC” or the Scientific and technical information in this presentation ha
Slide 3: Investment Highlights
NYSE & TSX: LAC 3 / CORPORATE PRESENTATION ● NOVEMBER 2024 Investment Highlights Thacker Pass: Phase 1 permitted and in construction – positioned to become a 1 near-term source of lithium in the U.S. U.S. Department of Energy (DOE) Advanced Technology Vehicles 2 Manufacturing (ATVM) Loan secured(1)
Slide 4: Thacker Pass Highlights
NYSE & TSX: LAC 4 / CORPORATE PRESENTATION ● NOVEMBER 2024 OREGON Thacker Pass Highlights McDermitt IDAHO Denio Caldera Lithium is recognized as a critical mineral – Thacker Pass would McDermitt significantly reduce the U.S. dependency on foreign suppliers Unique high-grade sedimentary resource, o
Slide 5: A Track Record of Executing Key Milestones
NYSE & TSX: LAC 5 / CORPORATE PRESENTATION ● NOVEMBER 2024 A Track Record of Executing Key Milestones 2007+ 06/2021 07/2022 01/2023 03/2024 10/2024 Discovery and Bureau of Land Lithium Technical General Motors DOE ATVM Loan DOE ATVM Loan Exploration Management (BLM) Development Strategic Partner and
Slide 6: U.S. DOE ATVM Loan: Highly Attractive Project Financing
NYSE & TSX: LAC 6 / CORPORATE PRESENTATION ● NOVEMBER 2024 U.S. DOE ATVM Loan: Highly Attractive Project Financing Advanced Technology Vehicles Manufacturing Loan from the U.S. Department of Energy(1)(2) Highly attractive terms across all metrics Quantum: $2.26 billion Principal: $1.97 billion Capit
Slide 7: LAC-GM Joint Venture Transaction Summary
NYSE & TSX: LAC 7 / CORPORATE PRESENTATION ● NOVEMBER 2024 LAC-GM Joint Venture Transaction Summary Joint Venture (JV) Transaction Structure GM to contribute $430 million of direct funding and provide an additional $195 million LC Facility LAC Existing to be used for U.S. DOE Loan reserve Shareholde
Slide 8: Benefits of the LAC-GM JV Transaction to Lithium Americas
NYSE & TSX: LAC 8 / CORPORATE PRESENTATION ● NOVEMBER 2024 Benefits of the LAC-GM JV Transaction to Lithium Americas(1) Provides Combined $625 Million of Cash and Letters of Credit for 1 Thacker Pass Replaces $330 million Tranche 2 investment with $625 million of cash and letters of credit that will
Slide 9: Impact of DOE Loan and GM JV Transaction on Thacker Pass Funding
NYSE & TSX: LAC 9 / CORPORATE PRESENTATION ● NOVEMBER 2024 Impact of DOE Loan and GM JV Transaction on Thacker Pass Funding Funding Status for Thacker Pass JV (US$ in millions) (Excluding LAC Corporate Overhead Funding) Total JV Funding Requirement $ 138 $ 196 $ 290 Future capex reduces LAC funding
Slide 10: Substantially De-Risked Project Execution for Thacker Pass
NYSE & TSX: LAC 10 / CORPORATE PRESENTATION ● NOVEMBER 2024 Substantially De-Risked Project Execution for Thacker Pass Work Force Thacker Pass Procurement Detailed Hub (WFH) Plant Areas Pricing Engineering Build out will align with Excavation of the process Top 7 pieces of long-lead Currently 40% de
Slide 11: Unique Geology
NYSE & TSX: LAC 11 / CORPORATE PRESENTATION ● NOVEMBER 2024 Unique Geology The McDermitt Caldera Caldera Setting as Key Differentiator Originated from a Yellowstone complex Post-caldera hydrothermal fluids in the vicinity of Thacker Pass altered some of the supervolcano ~16 million years ago smectit
Slide 12: Thacker Pass Project Location Benefits
NYSE & TSX: LAC 12 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass Project Location Benefits McDermitt Caldera Thacker Pass 80 Transloading Facility Access to adjacent paved highways; road improvements to facilitate construction traffic completed Lease for transloading terminal secured; ac
Slide 13: Thacker Pass is Well Positioned Along the Global Cost Curve
NYSE & TSX: LAC 16 13 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass is Well Positioned Along the Global Cost Curve 30,000 Thacker Pass Feasibility Study OPEX(1) Feasibility Study Total Operating Costs does not reflect benefits from Inflation Reduction Act (Years 1 – 25)(2)(3) 45X credits – 1
Slide 14: Thacker Pass Utilizes Well Proven Technology and Equipment
NYSE & TSX: LAC 14 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass Utilizes Well Proven Technology and Equipment No novel equipment required; the flowsheet consists of standard equipment that has been proven for decades Mineral Clay 1 2 3 Traditional 4 Standard Chemical 5 Standard Li2CO3 Benef
Slide 15: Lithium Technical Development Center
NYSE & TSX: LAC 15 / CORPORATE PRESENTATION ● NOVEMBER 2024 Lithium Technical Development Center Producing lithium carbonate samples since July 2022 • 30,000 ft2 state-of-the-art laboratory and piloting facility integrating the Thacker Pass flow sheet from end-to-end • Validated Thacker Pass flowshe
Slide 16: Developing Sustainable Lithium
NYSE & TSX: LAC 21 16 / CORPORATE PRESENTATION ● NOVEMBER 2024 Developing Sustainable Lithium ENVIRONMENTAL Minimizing our • On-site energy generation combined with clean • Zero liquid discharge facility eliminates environmental impact hydropower electricity is expected to minimize discharge of indu
Slide 17: Actively Engaging with Local Tribal and Community Members
NYSE & TSX: LAC 23 17 / CORPORATE PRESENTATION ● NOVEMBER 2024 Actively Engaging with Local Tribal and Community Members Through years of engagement, information sharing and meetings, we have learned about the community needs and priorities Community Benefits Agreement with the Community Needs & Pri
Slide 18: Top-tier Board of Directors with Deep Applicable Expertise
NYSE & TSX: LAC 18 / CORPORATE PRESENTATION ● NOVEMBER 2024 Top-tier Board of Directors with Deep Applicable Expertise Experts in strategic global operations and developing large capital projects, with deep technical and financial knowledge Kelvin Dushnisky, Director and Executive Jinhee Magie, Dire
Slide 19: Proven Team with a Strong Track Record
NYSE & TSX: LAC 19 / CORPORATE PRESENTATION ● NOVEMBER 2024 EPCM CONTRACTOR – Trusted industry-leading firm Proven Team with a Strong Track Record that has built more than 25,000 projects for industries and governments in 160 countries on all seven continents Experienced Management team with leading
Slide 20: Thacker Pass: Clear Path to First Production in 2027
NYSE & TSX: LAC 20 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass: Clear The is Path a sample text.to InsertFirst Production your text here. The is a sample text. Insertin your 2027 text here. The is a sample text. Insert your text here.. The is a sample text. Insert your text here. The is a1
Slide 21: LAC-GM Joint Venture
NYSE & TSX: LAC 21 / CORPORATE PRESENTATION ● NOVEMBER 2024 LAC-GM JOINT VENTURE GM is now the #2 seller of EVs in North America
Slide 22: LAC-GM JV Transaction is Value Enhancing for LAC Shareholders
NYSE & TSX: LAC 22 / CORPORATE PRESENTATION ● NOVEMBER 2024 LAC-GM JV Transaction is Value Enhancing for LAC Shareholders Ownership in Strengthens relationship with GM as joint venture Consensus NAVPS Total GM Thacker Pass and offtake customer Accretion to LAC Financial Support Retained by LAC Share
Slide 23: General Motors is the Right Partner for Thacker Pass
NYSE & TSX: LAC 23 / CORPORATE PRESENTATION ● NOVEMBER 2024 General Motors is the Right Partner for Thacker Pass “We’re pleased with the significant progress Lithium Americas is making to help GM achieve our goal to develop a resilient EV material supply chain. Sourcing critical EV raw materials, li
Slide 24: LAC-GM JV Transaction Summary and Key Terms
NYSE & TSX: LAC 30 24 / CORPORATE PRESENTATION ● NOVEMBER 2024 LAC-GM JV Transaction Summary and Key Terms* Manager LAC to act as manager of Thacker Pass In exchange for a 38% interest in Thacker Pass, GM to contribute $625 million of cash and letters of credit to the Project: — $330 million cas
Slide 25: Appendix
NYSE & TSX: LAC 25 / CORPORATE PRESENTATION ● NOVEMBER 2024 APPENDIX Winnemucca office grand opening with members of the local community
Slide 26: Thacker Pass Phase 1 CAPEX Estimate Update
NYSE & TSX: LAC 26 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass Phase 1 CAPEX Estimate Update Updated Thacker Pass Phase 1 CAPEX Estimate(1) to reflect steps taken to de-risk project execution (US$ millions) $662 $2,930 $2,268 Update reflects: • Higher level of engineering • Union labor pro
Slide 27: Well Positioned to Benefit from Looming Lithium Supply Gap
NYSE & TSX: LAC 27 / CORPORATE PRESENTATION ● NOVEMBER 2024 Well Positioned to Benefit from Looming Lithium Supply Gap Global EV adoption to drive lithium demand Significant supply gap forecasted EV Penetration Rate Expected to Increase ~85% in 2040(1) Every Known Project Needed to Meet Forecasted D
Slide 28: Thacker Pass Mineral Resource and Reserve (NI 43-101)
NYSE & TSX: LAC 28 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass Mineral Resource and Reserve As reported under NI 43-101 as of November 2, 2022 Mineral Reserve Estimate Mineral Resource Estimate Lithium Average Average Tonnage Carbonate Tonnage LCE Category Li Category Li (Mt) (ppm) Equival
Slide 29: Thacker Pass Mineral Resource and Reserve (S-K 1300)
NYSE & TSX: LAC 29 / CORPORATE PRESENTATION ● NOVEMBER 2024 Thacker Pass Mineral Resource and Reserve As reported under S-K 1300, as of December 31, 2023 Mineral Reserve Estimate Mineral Resource Estimate Lithium Average Li Metallurgical Tonnage Carbonate Tonnage LCE Category (ppm) Category Average
Slide 30: Forward-Looking Statements and Information
NYSE & TSX: LAC 30 / CORPORATE PRESENTATION ● NOVEMBER 2024 Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, budgets and construction estimates; uncertainties inherent to feasibility
Slide 31: Contact Information
CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas
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