Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (February 2024)
28 slides from Lithium Americas's investor presentation, February 2024
Slide 1: Corporate Presentation
NYSE & TSX: LAC CORPORATE PRESENTATION February 2024
Slide 2: Disclaimer
NYSE & TSX: LAC 2 / CORPORATE PRESENTATION ● FEBRUARY 2024 Disclaimer ADDITIONAL REFERENCE MATERIALS CURRENCY This presentation should be read in conjunction with materials from Lithium Americas Corp. (the “Company”), including All figures presented are in U.S. Dollars unless otherwise noted. news r
Slide 3: Lithium Supply Is Needed
NYSE & TSX: LAC 3 / CORPORATE PRESENTATION ● FEBRUARY 2024 LITHIUM SUPPLY IS NEEDED To Respond to Growing Global Demand
Slide 4: Well Positioned to Benefit from Looming Lithium Supply Gap
NYSE & TSX: LAC 4 / CORPORATE PRESENTATION ● FEBRUARY 2024 Well Positioned to Benefit from Looming Lithium Supply Gap Global EV adoption to drive lithium demand Significant supply gap forecasted EV Sales Expected to Increase by ~80% (2022 vs. 2040)(1) Every Known Project Needed to Meet Forecasted De
Slide 5: Li Content is Increasing in Batteries for More EV Range & Power
NYSE & TSX: LAC 5 9 / CORPORATE PRESENTATION ● FEBRUARY 2024 Li Content is Increasing in Batteries for More EV Range & Power Lithium is the common denominator Average battery pack sizes are Global EV adoption expected to across all battery chemistries(1) increasing (kWh)(2) increase 3x by the next d
Slide 6: Thacker Pass
NYSE & TSX: LAC 6 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass THACKER PASS Permitted Project in the U.S. with a Clear Path to Production
Slide 7: A Pure-Play North American Lithium Company
NYSE & TSX: LAC 7 / CORPORATE PRESENTATION ● FEBRUARY 2024 A Pure-Play North American Lithium Company Thacker Pass is a top-tier, generational asset and hosts the largest known Measured and Indicated (M&I) lithium resource in the U.S. at 16.1 million tonnes LCE(1); significant exploration potential
Slide 8: Positioned for Development of the Largest M&I Resource in the U.S.
NYSE & TSX: LAC 8 / CORPORATE PRESENTATION ● FEBRUARY 2024 OREGON Positioned for Development of the Denio McDermitt Caldera McDermitt IDAHO Largest M&I Resource in the U.S. McDermitt Thacker Orovada Pass (New LAC) Winnemucca Stock Exchange NYSE / TSX Reno San Francisco NEVADA Ticker LAC Common Share
Slide 9: A Track Record of Executing Key Milestones
NYSE & TSX: LAC 9 / CORPORATE PRESENTATION ● FEBRUARY 2024 A Track Record of Executing Key Milestones Thacker Pass is the largest measured & indicated resource and most advanced lithium project in the U.S…. Jun Jan Apr Jul Oct Jan Feb 2007+ 2018 2021 2022 2022 2022 2023 2023 Discovery and Pre-Feasib
Slide 10: Unique Location and Geology
NYSE & TSX: LAC 10 / CORPORATE PRESENTATION ● FEBRUARY 2024 Unique Location and 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 year
Slide 11: Thacker Pass Utilizes Well Proven Technology and Equipment
NYSE & TSX: LAC 11 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass Utilizes Well Proven Technology and Equipment Mineral Clay 1 2 3 Traditional 4 Standard Chemical 5 Standard Li2CO3 Beneficiation Dewatering Hydrometallurgy Process Process Thacker Pass Key Neutralization/ MgSO4 (Epsom salts) Ma
Slide 12: Lithium Technical Development Center
NYSE & TSX: LAC 12 / CORPORATE PRESENTATION ● FEBRUARY 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, building on previous smaller sc
Slide 13: Thacker Pass is Well Positioned Along the Global Cost Curve
NYSE & TSX: LAC 13 16 / CORPORATE PRESENTATION ● FEBRUARY 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: General Motors: Equity Investment and Supply Agreement
NYSE & TSX: LAC 14 18 / CORPORATE PRESENTATION ● FEBRUARY 2024 General Motors: Equity Investment and Supply Agreement Total investment of $650 million across two tranches(1) ▪ Tranche 1: GM investment of $320 million completed in February 2023(1) ▪ Tranche 2: GM to invest $330 million(2) Offtake agr
Slide 15: Construction Progress Images
NYSE & TSX: LAC 15 / CORPORATE PRESENTATION ● FEBRUARY 2024 Construction Progress Images Major earthworks continues to advance in preparation for major construction to commence in 2H2024 • Construction commenced in March 2023 after notice to proceed from the BLM • 2023 activities included detailed e
Slide 16: Developing Sustainable Lithium
NYSE & TSX: LAC 16 21 / CORPORATE PRESENTATION ● FEBRUARY 2024 Developing Sustainable Lithium Going beyond regulatory requirements Low Carbon Footprint Scope 1 & 2 carbon intensity of 6.02 Avoided emissions of 10.02 t CO2e / t Li2CO3 t CO2e / t Li2CO3 ▪ Co-located sulfuric acid plant generating majo
Slide 17: Thacker Pass has Strong Stakeholder Support
NYSE & TSX: LAC 17 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass has Strong Stakeholder Support Lithium is Recognized as a DOE Loan Process Record of Decision Upheld Local Community and Critical Mineral Advancing ▪ In February 2023, the Nevada Tribe Engagement ▪ The U.S. Department of Defens
Slide 18: Actively Engaging with Local Tribal and Community Members
NYSE & TSX: LAC 18 23 / CORPORATE PRESENTATION ● FEBRUARY 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 Fort McDermitt Paiute
Slide 19: Being a Good Neighbor
NYSE & TSX: LAC 19 / CORPORATE PRESENTATION ● FEBRUARY 2024 Hiring Locally McDermitt Being a Good Neighbor Over the years, we have met regularly with local community members for the purpose of identifying community concerns and developing ways to address them McDermitt Paiute and Shoshone Tribe memb
Slide 20: Proven Team with a Strong Track Record
NYSE & TSX: LAC 20 / CORPORATE PRESENTATION ● FEBRUARY 2024 Proven Team with a Strong Track Record EPCM CONTRACTOR – Trusted industry-leading firm 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 21: Lithium Americas – Accelerating Forward
NYSE & TSX: LAC 21 / CORPORATE PRESENTATION ● FEBRUARY 2024 Lithium Americas – Accelerating Forward Pure-play North American lithium company; separation completed October 3, 2023 LAC continues to develop partnership with GM following closing of $320 million Tranche 1 investment and offtake agreement
Slide 22: Appendix
NYSE & TSX: LAC 22 / CORPORATE PRESENTATION ● FEBRUARY 2024 Appendix APPENDIX
Slide 23: Thacker Pass Location
NYSE & TSX: LAC 23 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass Location Thacker Pass is adjacent to paved highway, access to transmission line and nearby McDermitt Caldera rail (~60 miles). Thacker Pass
Slide 24: Thacker Pass Feasibility Study Highlights
NYSE & TSX: LAC 24 15 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass Feasibility Study Highlights Project economics from the Feasibility Study, effective date November 2, 2022(1) Phase 1 Phase 2 Production Capacity 40,000 tonnes LCE(2) 40,000 tonnes LCE (2) Avg. Annual EBITDA(3) $1.1 billion
Slide 25: Shareholder Profile and Analyst Coverage
NYSE & TSX: LAC 25 / CORPORATE PRESENTATION ● FEBRUARY 2024 Shareholder Profile and Analyst Coverage Research Coverage(3) • On average, 85% of aggregate volume is traded on the NYSE(1) Matthew Key • Top 10 strategic and institutional shareholders hold ~26% of Joel Jackson shares outstanding(1) Katie
Slide 26: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 26 / CORPORATE PRESENTATION ● FEBRUARY 2024 Thacker Pass Mineral Resource and Reserve Mineral Reserve Estimate Mineral Resource Estimate As of November 2, 2022 As of November 2, 2022 Lithium Lithium Average Average Tonnage Carbonate Tonnage Carbonate Category Li Category Li (Mt) Equi
Slide 27: Forward-Looking Statements and Information
NYSE & TSX: LAC 27 / CORPORATE PRESENTATION ● FEBRUARY 2024 Forward-Looking Statements and Information This News Release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, following the Arrangement becoming payable, including as a result of event
Slide 28: Contact Information
CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas
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