Lithium Americas Corp. · NYSE:LAC
Lithium Americas — Investor Presentation (September 2023)
34 slides from Lithium Americas's investor presentation, September 2023
Slide 1: Corporate Presentation September 2023
NYSE & TSX: LAC (NewCo) CORPORATE PRESENTATION September 2023
Slide 2: Disclaimer
NYSE & TSX: LAC 2 / CORPORATE PRESENTATION 2023 Disclaimer ADDITIONAL REFERENCE MATERIALS CURRENCY This presentation should be read in conjunction with Lithium Americas Corp.’s (“Lithium Americas”, “LAC” or the All figures presented are in U.S. Dollars unless otherwise noted. “Company”) news release
Slide 3: Separation
NYSE & TSX: LAC 3 / CORPORATE PRESENTATION 2023 SEPARATION Creating a Lithium Developer that is Critical to Supporting the North American EV Supply Chain
Slide 4: Separation Will Result in Two Independent Public Companies
NYSE & TSX: LAC 4 / CORPORATE PRESENTATION 2023 Separation Will Result in Two Independent Public Companies North America – Lithium assets critical to supporting the North American EV supply chain Argentina – Producing brine assets with significant growth potential Thacker Pass (100%) Provides each c
Slide 5: Separating to Unlock Shareholder Value
NYSE & TSX: LAC 5 / CORPORATE PRESENTATION 2023 Separating to Unlock Shareholder Value Immediately Before the Separation(1) Immediately After the Separation(1) LAC Shareholder LAC Shareholder (New LAC) (Lithium Argentina) NYSE & TSX Ticker: LAC(2) NYSE & TSX Ticker: LAAC(2) North America Business Ar
Slide 6: Positioned for Development of the Largest M&I Resource in the U.S.
NYSE & TSX: LAC 6 / CORPORATE PRESENTATION 2023 Positioned for Development of the Largest M&I Resource in the U.S. (New LAC) Pre-Separation Post-Separation Stock Exchange NYSE / TSX NYSE / TSX Ticker LAC LAC Common Shares 159.9 million(1) 159.9 million(1) Outstanding(1) ~US$336 million Cash(2) US$50
Slide 7: Lithium Supply Is Needed
NYSE & TSX: LAC 7 / CORPORATE PRESENTATION 2023 LITHIUM SUPPLY IS NEEDED To Respond to Growing Global Demand
Slide 8: Investment in New Sources of Supply Required to Meet Demand
NYSE & TSX: LAC 8 / CORPORATE PRESENTATION 2023 Investment in New Sources of Supply Required to Meet Demand Global EV Adoption to Drive Lithium Demand Significant Supply Gap Forecasted EV Sales Expected to Increase by ~80% (2022 vs. 2040)(1) Every Known Project Needed to Meet Forecasted Demand(2) 10
Slide 9: Li Content is Increasing in Batteries for More EV Range & Power
NYSE & TSX: LAC 9 / CORPORATE PRESENTATION 2023 Li Content is Increasing in Batteries for More EV Range & Power Lithium is the common denominator Average battery pack sizes are Global EV Adoption Increasing 3x across all battery chemistries(1) increasing (kWh)(2) by the Next Decade Illustrative 60 k
Slide 10: Thacker Pass
NYSE & TSX: LAC 10 / CORPORATE PRESENTATION 2023 THACKER PASS Fully Permitted Project in the U.S. with a Clear Path to Production
Slide 11: Creating a Pure-Play North American Lithium Company
NYSE & TSX: LAC 11 / CORPORATE PRESENTATION 2023 Creating a Pure-Play North American Lithium Company Thacker Pass is a top-tier, generational asset and hosts the largest known M&I lithium resource in the U.S. with significant exploration potential due to its unique geology Only fully permitted proje
Slide 12: Thacker Pass Highlights
NYSE & TSX: LAC 12 / CORPORATE PRESENTATION 2023 Thacker Pass Highlights Developing the largest known lithium M&I resource in the U.S. 100% owned and located in northern Nevada within the 1 McDermitt Caldera with significant exploration upside due to the unique project location and geology 2022 feas
Slide 13: Unique Location and Geology
NYSE & TSX: LAC 13 / CORPORATE PRESENTATION 2023 Unique Location and 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 smect
Slide 14: Lithium Technical Development Center
NYSE & TSX: LAC 14 / CORPORATE PRESENTATION 2023 Lithium Technical Development Center Demonstrated Thacker Pass flowsheet built on commonly used mining and chemical processes Thacker Pass pilot Validated Thacker Pass Producing battery-quality plant work completed flowsheet lithium carbonate All basi
Slide 15: Thacker Pass Feasibility Study Highlights
NYSE & TSX: LAC 15 / CORPORATE PRESENTATION 2023 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) Tota
Slide 16: Thacker Pass is Well Positioned Along the Global Cost Curve
NYSE & TSX: LAC 16 / CORPORATE PRESENTATION 2023 Thacker Pass is Well Positioned Along the Global Cost Curve $25,000 $20,000 2025E C1 Production Costs ($USD per tonne LCE) $15,000 $10,000 Thacker Pass $6,743(1) $5,000 $- 2025E LCE Production (kt LCE) Feasibility Study Total Operating Costs Feasibili
Slide 17: Thacker Pass: Accelerating Towards Production
NYSE & TSX: LAC 17 / CORPORATE PRESENTATION 2023 Thacker Pass: Accelerating Towards Production A track record of executing on key milestones Defined M&I resource – largest known in the U.S. Environmental studies conducted and released Record of Decision issued All permits for construction issued Lit
Slide 18: General Motors: Strategic Partner and Committed Offtake Agreement
NYSE & TSX: LAC 18 / CORPORATE PRESENTATION 2023 General Motors: Strategic Partner and Committed Offtake Agreement Total investment of $650 million across two tranches(1) Tranche 1: GM investment of $320 million completed in February 2023(3) Tranche 2: GM to invest $330 million into Lithium Amer
Slide 19: Construction is Advancing
NYSE & TSX: LAC 19 / CORPORATE PRESENTATION 2023 Construction is Advancing Thacker Pass will power the U.S. battery supply chain Construction commenced in March 2023 after notice to proceed from the Bureau of Land Management 2023 activities include: • Detailed engineering • Earthworks and preparatio
Slide 20: 'Made in America' Lithium
NYSE & TSX: LAC 20 / CORPORATE PRESENTATION 2023 ‘Made in America’ Lithium Addressing the need for locally sourced critical battery raw metals PROCESSING In August 2022, the Inflation Reduction Act (IRA) was passed to promote investment in domestic energy CAPACITY(1) Chile production and is a crucia
Slide 21: Developing Sustainable Lithium
NYSE & TSX: LAC 21 / CORPORATE PRESENTATION 2023 Developing Sustainable Lithium Going beyond regulatory requirements Low Carbon Footprint Scope 1 & 2 carbon intensity of 6.02 Avoided emissions of 10.02 t CO2e / t Li2CO3 t CO2e / t Li2CO3 Co-located sulfuric acid plant generating majority of carbon
Slide 22: Thacker Pass has Strong Stakeholder Support
NYSE & TSX: LAC 22 / CORPORATE PRESENTATION 2023 Thacker Pass has Strong Stakeholder Support Lithium is Recognized as a DOE Loan Process Record of Decision Upheld Local Community and Critical Mineral Advancing In February 2023, the Nevada Tribe Engagement The U.S. Department of Defense Letter
Slide 23: Actively Engaging with Local Tribal and Community Members
NYSE & TSX: LAC 23 / CORPORATE PRESENTATION 2023 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 Fort McDermitt Paiute & Shoshone Tr
Slide 24: Being a Good Neighbor
NYSE & TSX: LAC 24 / CORPORATE PRESENTATION 2023 Hiring Locally McDermitt 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 McDermitt Paiute and Shoshone Tribe member Jayson C
Slide 25: Proven Team with a Strong Track Record
NYSE & TSX: LAC 25 / CORPORATE PRESENTATION 2023 Proven Team with a Strong Track Record EPCM CONTRACTOR – Trusted industry-leading firm that has built more than 25,000 projects for industries and governments in 160 countries on all seven continents Management team with leading technical, financial a
Slide 26: Lithium Americas – Accelerating Forward
NYSE & TSX: LAC 26 / CORPORATE PRESENTATION 2023 Lithium Americas – Accelerating Forward Separation is targeted to be completed in early October 2023 LAC continues to develop partnership with GM following closing of $320 million Tranche 1 investment and offtake agreement Construction is advancing wi
Slide 27: Contact Information
CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas
Slide 28: Appendix
NYSE & TSX: LAC 28 / CORPORATE PRESENTATION 2023 APPENDIX
Slide 29: Corporate Snapshot
NYSE & TSX: LAC 29 / CORPORATE PRESENTATION 2023 Corporate Snapshot Share Price (NYSE:LAC) (US$/sh.) LAC NYSE and TSX $45 Currency Exchange USD Shares Outstanding(1) 160M 52 Week Range(2) (NYSE) $16.07 - $32.50 $30 Share Price(1) (NYSE) $18.90 1-Year Average Daily Volume(2) (NYSE & TSX) 2.6M $15 Mar
Slide 30: GM Equity Investment and Binding Supply Agreement Summary
NYSE & TSX: LAC 30 / CORPORATE PRESENTATION 2023 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 milli
Slide 31: General Motors Tranche 2 Separation Adjustment Summary
NYSE & TSX: LAC 31 / CORPORATE PRESENTATION 2023 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
Slide 32: Commonly Used Mining and Chemical Processes
NYSE & TSX: LAC 32 / CORPORATE PRESENTATION 2023 Commonly Used Mining and Chemical Processes MINERAL BENEFICIATION CLAY DEWATERING Sulfuric acid plant The process starts by feeding ore and water to attrition scrubbers. Through mechanical Clay is thickened to recover and recycle water Sulfuric acid i
Slide 33: Thacker Pass Mineral Resource and Reserve
NYSE & TSX: LAC 33 / CORPORATE PRESENTATION 2023 Thacker Pass Mineral Resource and Reserve Mineral Reserve Estimate Mineral Resource Estimate As of November 2, 2022 As of November 2, 2022 Lithium Lithium Average Average Tonnage Carbonate Tonnage Carbonate Category Li Category Li (Mt) (ppm) Equivalen
Slide 34: Forward-Looking Statements and Information
NYSE & TSX: LAC 34 / CORPORATE PRESENTATION 2023 Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation, in the course of production; government regulation of mining operations; and expectat
Lithium Americas Corp. (NewCo) — Investor Presentation (September 2023) on 6ix