Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (May 2024)
34 slides from Lithium Americas's investor presentation, May 2024
Slide 1: Corporate Presentation
NYSE & TSX: LAC Corporate Presentation MAY 2024
Slide 2: Disclaimer
NYSE & TSX: LAC 2 / CORPORATE PRESENTATION ● MAY 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 has
Slide 3: Investment Highlights
NYSE & TSX: LAC 3 / CORPORATE PRESENTATION ● MAY 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 for
Slide 4: Thacker Pass Snapshot
NYSE & TSX: LAC 4 / CORPORATE PRESENTATION ● MAY 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 the l
Slide 5: A Track Record of Executing Key Milestones
NYSE & TSX: LAC 5 / CORPORATE PRESENTATION ● MAY 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 Discov
Slide 6: Strong Support from General Motors via Long-Term Off-Take Agreement and Strategic Investment
NYSE & TSX: LAC 18 6 / CORPORATE PRESENTATION ● MAY 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 of
Slide 7: U.S. DOE ATVM Loan Conditional Commitment
NYSE & TSX: LAC 7 / CORPORATE PRESENTATION ● MAY 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) wi
Slide 8: Unique Geology
NYSE & TSX: LAC 8 / CORPORATE PRESENTATION ● MAY 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 to
Slide 9: Thacker Pass Project Location Benefits
NYSE & TSX: LAC 9 / CORPORATE PRESENTATION ● MAY 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; access
Slide 10: Thacker Pass is Well Positioned Along the Global Cost Curve
NYSE & TSX: LAC 16 10 / CORPORATE PRESENTATION ● MAY 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 – 10%
Slide 11: Thacker Pass Utilizes Well Proven Technology and Equipment
NYSE & TSX: LAC 11 / CORPORATE PRESENTATION ● MAY 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) Magne
Slide 12: Lithium Technical Development Center
NYSE & TSX: LAC 12 / CORPORATE PRESENTATION ● MAY 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 scale
Slide 13: Substantially De-Risked Project Execution for Thacker Pass
NYSE & TSX: LAC 13 / CORPORATE PRESENTATION ● MAY 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 (WFH)
Slide 14: Substantially De-Risked Project Execution for Thacker Pass
NYSE & TSX: LAC 14 / CORPORATE PRESENTATION ● MAY 2024 6 Substantially De-Risked Project Execution for Thacker Pass Construction progress: major earthworks continues to advance in preparation for major construction to commence in 2H 2024 • Initial construction commenced in early 2023 after notice to
Slide 15: Thacker Pass Phase 1 CAPEX Estimate Update
NYSE & TSX: LAC 15 / CORPORATE PRESENTATION ● MAY 2024 6 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) Update reflects: The majority of CAPEX spend is • Higher level of engineering expected
Slide 16: Developing Sustainable Lithium
NYSE & TSX: LAC 21 16 / CORPORATE PRESENTATION ● MAY 2024 7 Developing Sustainable Lithium Going beyond regulatory requirements Low Carbon Footprint(1) Scope 1 & 2 carbon intensity of 6.02 Avoided emissions of 10.02 t t CO2e / t Li2CO3 CO2e / t Li2CO3 Co-located sulfuric acid plant generating majo
Slide 17: Thacker Pass has Strong Stakeholder Support
NYSE & TSX: LAC 17 / CORPORATE PRESENTATION ● MAY 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 of
Slide 18: Actively Engaging with Local Tribal and Community Members
NYSE & TSX: LAC 23 18 / CORPORATE PRESENTATION ● MAY 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 & Priori
Slide 19: Being a Good Neighbor
NYSE & TSX: LAC 19 / CORPORATE PRESENTATION ● MAY 2024 Hiring Locally McDermitt 7 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 Fort McDermitt Paiute Shoshone Tribe member
Slide 20: Top-tier Board of Directors with Deep Applicable Expertise
NYSE & TSX: LAC 20 / CORPORATE PRESENTATION ● MAY 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 Director, President and Chief Executive KELVIN DUSHNISKY Direc
Slide 21: Proven Team with a Strong Track Record
NYSE & TSX: LAC 21 / CORPORATE PRESENTATION ● MAY 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 te
Slide 22: Thacker Pass: Next Steps Toward Production
NYSE & TSX: LAC 22 / CORPORATE PRESENTATION ● MAY 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 First year of >30% and full production and no
Slide 23: Industry Overview
NYSE & TSX: LAC 23 / CORPORATE PRESENTATION ● MAY 2024 INDUSTRY OVERVIEW
Slide 24: The Transition to a Net Zero Economy Creates Considerable Opportunity for Lithium Americas
NYSE & TSX: LAC 24 / CORPORATE PRESENTATION ● MAY 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 Redu
Slide 25: U.S. and Canadian Governments and Companies Focused on Localization of Supply Chains
NYSE & TSX: LAC 25 / CORPORATE PRESENTATION ● MAY 2024 U.S. and Canadian Governments and Companies Focused on Localization of Supply Chains Thacker Pass is strategically located to serve the developing EV hubs in North America Michigan Quebec New York Thacker Pass Nevada Tennessee Ohio California, N
Slide 26: U.S. Government Actively Supporting the Development of a Domestic Supply Chain
NYSE & TSX: LAC 26 / CORPORATE PRESENTATION ● MAY 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 / C
Slide 27: Well Positioned to Benefit from Looming Lithium Supply Gap
NYSE & TSX: LAC 27 / CORPORATE PRESENTATION ● MAY 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 Demand
Slide 28: Li Content is Increasing in Batteries for More EV Range & Power
NYSE & TSX: LAC 9 28 / CORPORATE PRESENTATION ● MAY 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 decad
Slide 29: Appendix
NYSE & TSX: LAC 29 / CORPORATE PRESENTATION ● MAY 2024 APPENDIX
Slide 30: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 30 / CORPORATE PRESENTATION ● MAY 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) Equivalent (
Slide 31: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 31 / CORPORATE PRESENTATION ● MAY 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 Re
Slide 32: Thacker Pass Feasibility Study Highlights
NYSE & TSX: LAC 15 32 / CORPORATE PRESENTATION ● MAY 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 After
Slide 33: Forward-Looking Statements and Information
NYSE & TSX: LAC 33 / CORPORATE PRESENTATION ● MAY 2024 Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking community environment in the jurisdictions where the Compa
Slide 34: Contact Information
CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas