Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (June 2026)
33 slides from Lithium Americas's investor presentation, Jun 3, 2026
Slide 1: Building Vertically Integrated, Domestic Lithium Capacity at Thacker Pass
TSX & NYSE: LAC Building Vertically Integrated, Domestic Lithium Capacity at Thacker Pass CORPORATE PRESENTATION ● JUNE 2026
Slide 2: Disclaimer
Disclaimer ADDITIONAL REFERENCE MATERIALS securities at this time. This presentation is the property of the this presentation are common to the industry. The prospective and QA/QC programs, methods relating to mineral resources This presentation should be read in conjunction with materials Company.
Slide 3: Why Invest in Lithium Americas?
Why Invest in Lithium Americas? Advancing Thacker Pass Phase 1 Toward Production to Grow Stakeholder Value Li2CO3 LARGEST LITHIUM PROJECT IN THE U.S. PHASE 1 INCREASES U.S. CAPACITY 7x(2) Building near-term domestic lithium capacity Strengthening America’s energy security • Targeting mechanical comp
Slide 4: What Differentiates Thacker Pass?
What Differentiates Thacker Pass? OREGON McDermitt IDAHO Denio Caldera Thacker Pass is located in northern Nevada, the #1 McDermitt jurisdiction in the world for mineral investment(1) Thacker Pass McDermitt Vertically integrated lithium project in the U.S. Orovada Winnemucca near-term production wit
Slide 5: Deep Development and Operational Leadership Experience
Deep Development and Operational Leadership Experience Kelvin Dushnisky Philip Montgomery Clayton Walker Jonathan Evans Luke Colton Richard Gerspacher Director and Executive Chair Director and Chair, Director Director, President and CEO EVP and CFO EVP, Capital Projects and Technical Committee Opera
Slide 6: Clear Path to Mechanical Completion in Late 2027
Clear Path to Mechanical Completion in Late 2027 2007+ • Discovery and exploration • Record of Decision issued Jan 2021 Early • Major operating construction commenced Long-term permits for construction start Feb 2023 2025 2026 2027 2028 offtake with GM received Apr 2022 for up to 100% of • CBA with
Slide 7: THACKER PASS: From Clay to Battery-Grade Lithium Carbonate
THACKER PASS: From Clay to Battery- Grade Lithium Carbonate Strengthening American supply chains, advancing energy independence and creating meaningful American jobs in northern Nevada 7
Slide 8: Aerial of Thacker Pass Phase 1 Processing Plant Area
Aerial of Thacker Pass Phase 1 Processing Plant Area Beneficiation ROM Stockpile Filter Building CCD Circuit Turbine Generator Scale of plant pad ~1,100 ft x ~3,100 ft Admin Building Centrifuging Warehouse Construction of Phase 1 is expected to create Leaching MgSO4 Crystallization over 2,000 jobs P
Slide 9: Thacker Pass Capex and Capex Guidance
Thacker Pass Capex and Capex Guidance Capital Expenditure During the quarter ended March 31, 2026, cumulative to 2025 and 2026 Guidance For the quarter ended Cumulative to Fiscal Year (US$) March 31, 2026(1) March 31, 2026(1) 2026 Capex Guidance(1) Thacker Pass Phase 1 construction costs included in
Slide 10: Construction Progress at Thacker Pass
Construction Progress at Thacker Pass(1) Image as of May 2026 2.43 million total workhours completed at Thacker Structural steel progresses, second floor of the Additional long-lead items that have started their Pass without a serious injury or lost-time incident, Filter Building being install
Slide 11: Going Vertical at the Processing Plant
Going Vertical at the Processing Plant The second level of the Filter Building is being built out Installation of the second floor at the sulfuric acid plant 11
Slide 12: Processing Plant Construction Progress
Processing Plant Construction Progress The second level of the Magnesium Sulfate building is being built out Bicarbonate reactors for the Lithium Carbonate Crystallization facility A cable tray module is lifted into position near the Magnesium Sulfate Building, six prefabricated modules were install
Slide 13: Welding Work Drives Construction Progress Forward
Welding Work Drives Construction Progress Forward The buildout of eight counter-current decantation (CCD) units continue The first seal weld on a CCD thickener The first weld of an aboveground pipe at the Filtration Building Inside a CCD thickener 13
Slide 14: Electrical Infrastructure Powers Construction Progress
Electrical Infrastructure Powers Construction Progress Pipe Rack Modules south of Cation Removal Ion Exchange Building Set Pipe Rack Module including pre-installed pipe ready to weld The first electrical house, or “E-house,” was set in place on site in late May 14
Slide 15: Long-Lead Items Arriving to Site
Long-Lead Items Arriving to Site Assembling a Duplex Plant Stack for the Sulfuric Acid Plant at Thacker Pass The Sulfur Burner Cross Over arrives at Thacker Pass The mist eliminator for the stage one brine concentrator in the Magnesium Sulfate system 15
Slide 16: Taking Care of Our Workforce and Local Community
Taking Care of Our Workforce and Local Community LAC is committed to minimizing housing and hotel room demands in Winnemucca by housing our construction workforce at the Workforce Hub (WFH) First residents moved in late Sept 2025; now over 1,200 residents The WFH is completed and welcoming residents
Slide 17: Thacker Pass Phase 1 Funded for Construction
Thacker Pass Phase 1 Funded for Construction Draws on the DOE Loan accelerates major construction at Thacker Pass $2.23 Billion $945 Million Total $250 Million Strategic U.S. DOE ATVM Loan(1) Investment and 38% JV(1) Investment(1) Project financing at the risk-free rate 38% asset-level interest in T
Slide 18: Operating Costs – Competitive in a Downturn
Operating Costs – Competitive in a Downturn 35,000 Lithium AISC OPEX(1)(2) including Thacker Pass(3) 30,000 (Production Scenario (Years 1-25)) 25,000 Current Avg. Price $24,200/t Fastmarkets Lithium Carbonate spot prices CIF China, Japan & Korea 20,000 (Month to date avg. as of May 12/26) C1 OPEX(1)
Slide 19: Lithium: It's About Batteries
Lithium: It’s About Batteries Batteries can do incredible things far beyond EVs. GM battery packs help power the largest second-life battery development in the world, a microgrid built by Redwood Materials in Sparks, Nevada, supporting the AI infrastructure company Crusoe. And our EVs can help suppo
Slide 20: Lithium Batteries Power the Modern World
Lithium Batteries Power the Modern World “We’ve now crossed into a point where anytime Diversified Demand anyone is looking at investing in the power system, batteries are one of the most attractive Electric Vehicles 50% Growth in demand as EV penetration rates grow and larger Global penetration opt
Slide 21: Lithium Batteries are Vital for U.S. Grid and Data Security
Lithium Batteries are Vital for U.S. Grid and Data Security Energy Hungry Data Global Battery Outlook(4) How Much Lithium Is Needed? Data Centers Need 4,500 Over 170% growth for batteries 1 GWh BESS Storage = 880 t LCE(5) A LOT of Power Batteries used in EVs and • Each gigawatt hour of battery energ
Slide 22: Appendix
Appendix 22
Slide 23: Thacker Pass Utilizes Well Proven Technology & Equipment
Thacker Pass Utilizes Well Proven Technology & Equipment No novel equipment required; the flowsheet consists of standard equipment that has been proven for decades BENEFICIATION PROCESS CHEMICAL PROCESS VIRTUAL SITE TOUR • LAC’s Lithium Technical Development Center • Standard hydrometallurgical proc
Slide 24: Location Benefits: Thacker Pass is in the McDermitt Caldera
Location Benefits: Thacker Pass is in the McDermitt Caldera McDERMITT CALDERA Thacker Pass 80 Transloading Facility Workforce Hub THACKER PASS Access to adjacent paved highways; road improvements to facilitate construction GEOLOGY ANIMATION traffic completed Scan or click on the QR code to watch
Slide 25: Thacker Pass Phase 1-5 Expansion Potential
Thacker Pass Phase 1-5 Expansion Potential(1)(2) Overall Site General Arrangement(1) Phase 1 40,000 t/y Li2CO3 facility 2,250 t/d sulfuric acid plant CAPEX $2.9 billion Targeting construction completion in late 2027 Phase 2 40,000 t/y Li2CO3 facility 2,250 t/d sulfuric acid plant CAPEX
Slide 26: Actively Engaging with Local Tribal & Community Members
Actively Engaging with Local Tribal & Community Members To advance the shared priorities of all our stakeholders, LAC puts the local community at the center of our purpose Community Engagement Highlights Thacker Pass is founded on more than a decade of • We are actively engaged with the Winnemucca,
Slide 27: Developing a Strong Workforce in Northern Nevada
Developing a Strong Workforce in Northern Nevada At Thacker Pass, we are committed to hiring local workers and contributing to a thriving economy Creating Employment Opportunities Committed to Hiring Locally Phase 1 creates employment opportunities for over 2,000 jobs during Tribal and local com
Slide 28: Company Snapshot
Company Snapshot LAC NYSE Performance (US$) Analyst Coverage as of June 3, 2026 As of May 13, 2026 $5.21 $1.83 billion Firm Analyst Firm Analyst Share Price Market Capitalization MacMurray Whale Bill Paterson 13.6 million $2.47 / $10.52 Joel Jackson Mohamed Sidibé 30-day Average Volume 52 Week Low /
Slide 29: Thacker Pass Mineral Resource and Reserve
Thacker Pass Mineral Resource and Reserve See next slide for Notes As Reported Under NI 43-101 As Reported Under S-K 1300 Mineral Reserve Estimate Mineral Reserve Estimate As reported under NI 43-101 as of December 31, 2024(1) As reported under S-K 1300, as of December 31, 2024(3) Tonnage Average Li
Slide 30: Thacker Pass Mineral Resource and Reserve Notes
Thacker Pass Mineral Resource and Reserve NOTES See the Company’s Technical Reports effective December 31, 2024 for full details. (1) Mineral Reserve Estimate (2) Mineral Resource Estimate (3) Mineral Reserve Estimate (4) Mineral Resource Estimate As reported under NI 43-101 as of December 31, 2024
Slide 31: End Notes
End Notes Why Invest in Lithium Americas? Operating Costs – Competitive in a Downturn Lithium Batteries: Vital for U.S. Grid and Data Security (1) For more details, see the Company’s news release of May 14, (1) For full details, refer to the Company’s Technical Reports and (1) Source: https://www.ce
Slide 32: Forward-Looking Statements and Information
Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian prioritizing employment of local and regional skilled craft workers, including members of underrepresented jurisdictions where the Company operates; impacts o
Slide 33: LAC
LAC CONTACT INFORMATION NYSE & TSX Virginia (Ginny) Morgan VP, Investor Relations and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas