Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (June 2023)
30 slides from Lithium Americas's investor presentation, June 2023
Slide 1: June 2023
June 2023
Slide 2: Cautionary Statement
Cautionary Statement CURRENCY All figures presented are in U.S. Dollars unless otherwise noted. ADDITIONAL REFERENCE MATERIALS THIRD-PARTY NAMES AND TRADEMARKS This presentation should be read in conjunction with Lithium Americas Corp.’s (“Lithium All product and company names are trademarks or regi
Slide 3: Thacker Pass and Argentina overview
Thacker Pass Argentina One of the largest M&I lithium Thacker Pass In June 2023, Caucharí-Olaroz (44.8% interest) resource in U.S.(1) produced first lithium as part of commissioning(2) Source for U.S. domestic lithium supply Stage 1 production capacity of 40 ktpa battery-quality lithium carbonate
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (NYSE: LAC) LAC NYSE and TSX $45 Currency Exchange USD $40 Shares Outstanding(1) 160M $35 $30 52 Week Range(2) (NYSE / TSX) $17.58 - $33.10 $25 Share Price(1) (NYSE / TSX) $20.85 $20 Average Daily Volume(2) (NYSE / TSX) 2.1M $15 Market Cap(1) $3.3B $10 $5 Cash and cash
Slide 5: Investment in new sources of lithium supply needed to meet demand
Investment in new sources of lithium supply needed to meet demand $90 8.0 Operating & Brownfield expansion $80 Highly Probable Probable $70 Supply-demand gap 6.0 Demand has resulted in price $60 increases throughout 2021-2022. $50 Prices have softened Supply gap despite: US$000s / t in 2023 with str
Slide 6: Creating Two Leading Lithium Companies
Creating Two Leading Lithium Companies Separation will result in two independent public companies Pure-play North America – Top-tier lithium assets critical to supporting the North American EV supply chain Pure-play Argentina – Top-tier lithium brine assets near commercial production with significan
Slide 7: Unlocking Value Through the Creation of Two Lithium Market Leaders
Unlocking Value Through the Creation of Two Lithium Market Leaders June 23 Filing of the Management Information Circular (NewCo) Timeline July 31 Lithium Americas (Argentina) Corp. (“Lithium Lithium Americas Corp. (“New LAC”): North Argentina”): Argentina-focused lithium company set AGM concurrently
Slide 8: Simplified Separation Transaction Structure
Simplified Separation Transaction Structure Immediately Before the Separation(1) Immediately After the Separation(1) LAC Shareholder LAC Shareholder (New LAC) NYSE & TSX Ticker: LAC(2) NYSE & TSX Ticker: LAAC(2) North America Argentinian Argentinian North America Business Business Business Business
Slide 9: North America
North America
Slide 10: Thacker Pass Highlights
Thacker Pass Highlights Building the largest known lithium resource in the U.S. 1 2 3 4 5 6 7 8 (1) See the Company’s NI 43-101 technical report dated effective November 2, 2022, “Feasibility Study National 10 Instrument 43-101 Technical Report for the Thacker Pass Project, Humboldt County, Nevada,
Slide 11: Demonstrated flowsheet built on commonly used mining and chemical processes
Demonstrated flowsheet built on commonly used mining and chemical processes Thacker Pass pilot plant Validated Thacker Pass Producing battery-quality work completed flowsheet lithium carbonate All basic design elements (heat Replicated integrated process Producing samples to battery- and material ba
Slide 12: Respecting Our Environment
Respecting Our Environment Low Carbon Footprint Low Water Consumption Minimizing Environmental Impact with active reclamation to minimize environmental impact (1) Based on third-party analysis from a leading international engineering firm. When including processing. 12 (2) Refer to the Company’s NI
Slide 13: Actively Engaging with Local Tribal and Community Members
Actively Engaging with Local Tribal and Community Members Community Benefits Agreement with the Fort McDermitt Paiute and Shoshone Tribe • Closest Native American tribe to Thacker Pass Direct Benefit to Local Community • Formal stakeholder engagement process with local communities • Funding a new K-
Slide 14: Thacker Pass Feasibility Study Highlights
Thacker Pass Feasibility Study Highlights Feasibility Study supports Thacker Pass as largest new source of lithium in the U.S. 80 ktpa LCE 40 years $2.3 billion $1.1 billion Phase 1 and 2 Life of Mine Phase 1 capital cost Average annual EBITDA(1) Total Production Capacity 40 ktpa LCE $6,743 / tonne
Slide 15: Thacker Pass – 3D Rendering of Processing Plant
Thacker Pass – 3D Rendering of Processing Plant (Phase 1 – 40 ktpa LCE) Lithium Carbonate Plant Sulfuric Acid Plant Counter Current Decantation (CCD) Neutralization & Filtration Magnesium Sulfate 15
Slide 16: Thacker Pass Construction Timeline and Capital Costs
Thacker Pass Construction Timeline and Capital Costs Building estimated lithium capacity to supply over 40 million Electric Vehicles 2007-2022 2023 2024 2025 2026 2027 2028 2029 2030 Defined M&I resource – largest known Phase 1 in the U.S. Phase 1 Construction(1) First Production 40,000 tpa Base
Slide 17: Thacker Pass Expected Operating Costs
Thacker Pass Expected Operating Costs Total Operating Costs(1)(2) Lithium Process Plant Breakdown(3) Lithium Process Plant Fuel (non-mining) 46% 1% Mine $6,743 per Net Power Raw Materials Imported 15% tonne lithium (including 11% carbonate Logistics) $3,088 per G&A 63% tonne lithium carbonate Mainte
Slide 18: Experienced leadership team
– 20+ years of experience – 20+ years of experience in finance and corp – 25 years of developing and executing – Trusted industry-leading firm that has built dev in the energy industry industrial and mining projects more than 25,000 projects for industries – Previously ran FMC’s lithium operation an
Slide 19: Experienced project team including Bechtel, a world class EPCM company
Experienced project team including Bechtel, a world class EPCM company Years of Name Title Experience Brief Experience Richard Gerspacher Global Head Projects 25+ Owner / Contractor – Mega project specialist: South America / Australia / Africa Nasser Fahmy Senior Project Director 35+ Owner – Maratho
Slide 20: General Motors Investment and Offtake
General Motors Investment and Offtake
Slide 21: GM Equity Investment and Binding Supply Agreement Summary
GM Equity Investment and Binding Supply Agreement Summary Largest-ever investment by an automaker in battery raw materials GM Equity Investment and Binding Supply Agreement Summary(1) Illustrative Transaction Structure Total investment of $650 million across two tranches Tranche 1 (Closed) Tranc
Slide 22: General Motors Tranche Separation Adjustment Summary
General Motors Tranche 2 Separation Adjustment Summary GM Tranche 2 Separation Adjustment Overview Relative New LAC Value Ratio Following the satisfaction of certain closing conditions, which are Relative New LAC Value Ratio = (A x C) ÷ (A x C + B x D), where: expected to be met after the Separati
Slide 23: Argentina
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Slide 24: Largest lithium carbonate brine operation to come online in over 20 years
Largest lithium carbonate brine operation to come online in over 20 years BOLIVIA Stage 1 capacity of 40,000 tpa(1) battery-quality lithium carbonate Produced first lithium as part of commissioning in June 2023(2) CHILE Additional purification processing equipment necessary to achieve battery-qu
Slide 25: First lithium as part of commissioning achieved in June 2023
First lithium as part of commissioning achieved in June 2023 Total capital cost estimate $645 million(1) at the realized market-based exchange rate (on a 100% basis) As of March 31, 2023, $834 million spent(2), of the $979 million capital cost estimate at the official Argentina exchange rate (10
Slide 26: Caucharí-Olaroz Processing Plant – Aerial View
Caucharí-Olaroz Processing Plant – Aerial View Click here to view the latest video update Purification Plant Step 2 – removes Mg, Ca, B and SO4 KCl Crystallizer SX Plant Step 3 – further removal of NaCl and KCl Step 1 – reduces boron to <10ppm salts concentration Soda Ash Storage Reagent storage fac
Slide 27: Consolidating the Pastos Grandes Basin
Pastos Grandes basin is ~100 km from Caucharí-Olaroz and represents regional growth in northern Argentina Consolidating the Pastos Grandes Basin Integrating the development of the Pastos Grandes project and the Sal de la Puna project is expected to result in a larger scale and more optimized devel
Slide 28: Lithium Americas 2023 – Accelerating Forward
Lithium Americas 2023 – Accelerating Forward Separation is targeted to become effective by October 15, 2023, but in any event no later than December 31, 2023 LAC selected GM as the partner for Thacker Pass after a robust process and closed $320 million Tranche 1 investment Thacker Pass commenced con
Slide 29: Forward-Looking Statements and Disclaimers
Forward-Looking Statements and Disclaimers FORWARD-LOOKING STATEMENTS AND INFORMATION This presentation contains “forward-looking information” within the meaning of applicable Canadian securities FLI involves known and unknown risks, assumptions and other factors that may cause actual results legisl
Slide 30: Forward-Looking Statements and Disclaimers
Forward-Looking Statements and Disclaimers estimates; global financial markets, general economic conditions, competitive business environments, and other DISCLAIMER factors that may negatively impact the Company’s financial condition; future factors that may arise making it inadvisable to proceed wi