Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (August 2024)
30 slides from Lithium Americas's investor presentation, August 2024
Slide 1: Corporate Presentation
NYSE & TSX: LAC Corporate Presentation AUGUST 2024
Slide 2: Disclaimer
NYSE & TSX: LAC 2 / CORPORATE PRESENTATION ● AUGUST 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. (the “Company”), Scientific and technical information in this presentation h
Slide 3: Investment Highlights
NYSE & TSX: LAC 3 / CORPORATE PRESENTATION ● AUGUST 2024 Investment Highlights Thacker Pass: Phase 1 fully permitted and funding for construction substantially 1 de-risked(1) – positioned to become a near-term source of lithium in the U.S. 2 General Motors strategic investment and exclusive offtake
Slide 4: Thacker Pass Snapshot
NYSE & TSX: LAC 4 / CORPORATE PRESENTATION ● AUGUST 2024 1 Thacker Pass Snapshot OREGON Phase 1 construction permitted, funding substantially de-risked and IDAHO uniquely positioned to supply North American lithium Denio McDermitt Caldera McDermitt Unique high-grade sedimentary resource, one of th
Slide 5: A Track Record of Executing Key Milestones
NYSE & TSX: LAC 5 / CORPORATE PRESENTATION ● AUGUST 2024 1 A Track Record of Executing Key Milestones Thacker Pass is one of the largest known Measured & Indicated Resource and most advanced lithium project in the U.S. Jun Jan Apr Jul Oct Jan Feb Mar 2007+ 2018 2021 2022 2022 2022 2023 2023 2024 Dis
Slide 6: Strong Support from General Motors via Long-Term Off-Take Agreement and Strategic Investment
NYSE & TSX: LAC 18 6 / CORPORATE PRESENTATION ● AUGUST 2024 2 Strong Support from General Motors via Long-Term Off-Take Agreement and Strategic Investment Total investment of $650 million across two tranches(1) Thacker Pass provides General Motors with a rare, Tranche 1: General Motors investment
Slide 7: U.S. DOE ATVM Loan Conditional Commitment
NYSE & TSX: LAC 7 / CORPORATE PRESENTATION ● AUGUST 2024 3 U.S. DOE ATVM Loan Conditional Commitment Conditional Commitment received for an ATVM Loan from the U.S. Department of Energy(1) Anticipated terms highly attractive across all metrics Quantum: $2.26 billion(2) Interest: U.S. Treasury Rate(3)
Slide 8: Unique Geology
NYSE & TSX: LAC 8 / CORPORATE PRESENTATION ● AUGUST 2024 4 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 smectite
Slide 9: Thacker Pass Project Location Benefits
NYSE & TSX: LAC 9 / CORPORATE PRESENTATION ● AUGUST 2024 4 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; acc
Slide 10: Thacker Pass is Well Positioned Along the Global Cost Curve
NYSE & TSX: LAC 16 10 / CORPORATE PRESENTATION ● AUGUST 2024 4 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 11: Thacker Pass Utilizes Well Proven Technology and Equipment
NYSE & TSX: LAC 11 / CORPORATE PRESENTATION ● AUGUST 2024 5 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 ● AUGUST 2024 5 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: Substantially De-Risked Project Execution for Thacker Pass
NYSE & TSX: LAC 13 / CORPORATE PRESENTATION ● AUGUST 2024 6 Substantially De-Risked Project Execution for Thacker Pass(1) Detailed plan in place to mitigate key risks for construction, procurement and cost overruns Technical Early Works Thacker Pass Work Force Center Construction Plant Areas Hub (WF
Slide 14: Substantially De-Risked Project Execution for Thacker Pass
NYSE & TSX: LAC 14 / CORPORATE PRESENTATION ● AUGUST 2024 6 Substantially De-Risked Project Execution for Thacker Pass Construction progress: site preparation completed; Thacker Pass is prepared for the commencement of major construction following issuing following issuing full notice to proceed, ex
Slide 15: Thacker Pass Phase 1 CAPEX Estimate Update
NYSE & TSX: LAC 15 / CORPORATE PRESENTATION ● AUGUST 2024 6 Thacker Pass Phase 1 CAPEX Estimate Update The U.S. DOE Loan(2), GM Investment(3) and cash on hand(4) are expected to fund the remaining capital expenditures for Thacker Pass Phase 1 construction (1) See the Company’s MD&A for further detai
Slide 16: Developing Sustainable Lithium
NYSE & TSX: LAC 16 / CORPORATE PRESENTATION ● AUGUST 2024 7 Developing Sustainable Lithium ENVIRONMENTAL Focused on minimizing our • On-site energy generation combined with clean • Zero liquid discharge facility eliminates environmental impact by hydropower electricity is expected to minimize discha
Slide 17: Thacker Pass has Strong Stakeholder Support
NYSE & TSX: LAC 17 / CORPORATE PRESENTATION ● AUGUST 2024 7 Thacker Pass has Strong Stakeholder Support Lithium is Recognized Conditional Commitment Record of Decision Local Community and as a Critical Mineral Received from the U.S. Upheld Tribe Engagement The U.S. Department of Defense Department
Slide 18: Actively Engaging with Local Tribal and Community Members
NYSE & TSX: LAC 23 18 / CORPORATE PRESENTATION ● AUGUST 2024 7 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 19: Top-tier Board of Directors with Deep Applicable Expertise
NYSE & TSX: LAC 19 / CORPORATE PRESENTATION ● AUGUST 2024 8 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 20: Proven Team with a Strong Track Record
NYSE & TSX: LAC 20 / CORPORATE PRESENTATION ● AUGUST 2024 EPCM CONTRACTOR – Trusted industry-leading firm 8 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 21: Thacker Pass: Next Steps Toward Production
NYSE & TSX: LAC 21 / CORPORATE PRESENTATION ● AUGUST 2024 Your Text Thacker Pass: Next Steps Toward Production Phase 1 construction permitted and funding de-risked(1), set to ramp up major construction in the second half of 2024 Advance detailed engineering and First year of issue full notice produc
Slide 22: Industry Overview
NYSE & TSX: LAC 22 / CORPORATE PRESENTATION ● AUGUST 2024 INDUSTRY OVERVIEW
Slide 23: The Transition to a Net Zero Economy Creates Considerable Opportunity for Lithium Americas
NYSE & TSX: LAC 23 / CORPORATE PRESENTATION ● AUGUST 2024 The Transition to a Net Zero Economy Creates Considerable Opportunity for Lithium Americas Global Net-zero Commitments U.S. Inflation Reduction Act Tech-neutral Residential Manufacturing Emissions ITC/PTC Incentives Credits Carbon Inflation R
Slide 24: U.S. Government Actively Supporting the Development of a Domestic Supply Chain
NYSE & TSX: LAC 24 / CORPORATE PRESENTATION ● AUGUST 2024 U.S. Government Actively Supporting the Development of a Domestic Supply Chain ATVM Program Overview Review of Recent ATVM Loans (US $mm) The U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Battery Metals Anode
Slide 25: Well Positioned to Benefit from Looming Lithium Supply Gap
NYSE & TSX: LAC 25 / CORPORATE PRESENTATION ● AUGUST 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 Dem
Slide 26: Appendix
NYSE & TSX: LAC 26 / CORPORATE PRESENTATION ● AUGUST 2024 APPENDIX
Slide 27: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 27 / CORPORATE PRESENTATION ● AUGUST 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) Equivalen
Slide 28: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 28 / CORPORATE PRESENTATION ● AUGUST 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 Li
Slide 29: Forward-Looking Statements and Information
NYSE & TSX: LAC 29 / CORPORATE PRESENTATION ● AUGUST 2024 Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking and community environment in the jurisdictions where th
Slide 30: Contact Information
CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas
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