Lithium Americas Corp. · NYSE:LAC

Lithium Americas — Benchmark Presentation September 2017

25 slides from Lithium Americas's conference presentation, September 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. SEPTEMBER 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. SEPT EMBER 2017 |

2. Slide 2: Why Are We Here?

   WHY ARE WE HERE? SEPT EMBER 2017 |

3. Slide 3: SEPT EMBER 2017 |

   SEPT EMBER 2017 | 3

4. Slide 4: What Is the Opportunity?

   WHAT IS THE OPPORTUNITY? SEPT EMBER 2017 |

5. Slide 5: The EV: A Better User Experience

   THE EV: A BETTER USER EXPERIENCE | T SX : LAC SEPT EMBER 2017 | 5

6. Slide 6: Lithium: Cost Parity Today

   LITHIUM: COST PARITY TODAY Source: McKinsey, EIA | T SX : LAC SEPT EMBER 2017 | 6

7. Slide 7: Lithium: It's Light

   LITHIUM: IT’S LIGHT Periodic table Lithium Anode 3 Li Cathode | T SX : LAC SEPT EMBER 2017 | 7

8. Slide 8: 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.

9. Slide 9: 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 SEPT EMBER 2017 | 9

10. Slide 10: 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

11. Slide 11: Gigafactory Mathematics (Cont.)

    GIGAFACTORY MATHEMATICS (CONT.) 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 year

12. Slide 12: 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,

13. Slide 13: Lithium Market: Tomorrow

    LITHIUM MARKET: TOMORROW 3.1 million tonnes …. | T SX : LAC SEPT EMBER 2017 | 13

14. Slide 14: 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 SEPT EMBER 2017 | 14

15. Slide 15: Where Are the Opportunities?

    WHERE ARE THE OPPORTUNITIES? SEPT EMBER 2017 |

16. Slide 16: Lithium Sources: Brine, Hard Rock, Clay

    LITHIUM SOURCES BRINE HARD ROCK CLAY | T SX : LAC SEPT EMBER 2017 | 16

17. Slide 17: Lithium Production Costs

    LITHIUM PRODUCTION COSTS Difficult to escape physics Plenty of room for optimization Innovate to lower cost | T SX : LAC SEPT EMBER 2017 | 17

18. Slide 18: Innovate: Streamline Process

    INNOVATE: STREAMLINE PROCESS ore/brine  Li2CO  LiOH⋅H2O ore/brine  LiOH⋅H2O | T SX : LAC SEPT EMBER 2017 | 18

19. Slide 19: Innovate: Revamp Energy Systems

    INNOVATE: REVAMP ENERGY SYSTEMS Build on first principles $0.35/kWh  <$0.05/kWh Vertical integration | T SX : LAC SEPT EMBER 2017 | 19

20. Slide 20: Innovate: Alternative Brine Tech

    INNOVATE: ALTERNATIVE BRINE TECH Increase yield recovery Process for all circumstances Optimize water management | T SX : LAC SEPT EMBER 2017 | 20

21. Slide 21: Innovate: Alternative Rock Tech

    INNOVATE: ALTERNATIVE ROCK TECH Vertical integration $0.35/kWh  <$0.05/kWh Recycle consumables | T SX : LAC SEPT EMBER 2017 | 21

22. Slide 22: Innovate: Clay Opportunity

    INNOVATE: CLAY OPPORTUNITY Robust process exists* Favorable thermodynamics Goal: optimizing mass-energy balance *Not yet commercialized | T SX : LAC SEPT EMBER 2017 | 22

23. Slide 23: How to Best Invest in Lithium?

    HOW TO BEST INVEST IN LITHIUM? $40 BILLION | T SX : LAC SEPT EMBER 2017 | 23

24. Slide 24: 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

25. Slide 25: The Future Is Clear

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

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