Lithium Americas Corp. · NYSE:LAC

Lithium Americas — Investor Presentation (March 2024)

33 slides from Lithium Americas's investor presentation, March 2024

  1. Slide 1: Corporate Presentation

    NYSE & TSX: LAC CORPORATE PRESENTATION MARCH 2024

  2. Slide 2: Disclaimer

    NYSE & TSX: LAC 2 / CORPORATE PRESENTATION ● MARCH 2024 Disclaimer ADDITIONAL REFERENCE MATERIALS NI 43-101 DISCLOSURE This presentation should be read in conjunction with materials from Lithium Americas Corp. (the “Company”), including Scientific and technical information in this presentation has b

  3. Slide 3: Investment Highlights

    NYSE & TSX: LAC 3 / CORPORATE PRESENTATION ● MARCH 2024 Investment Highlights 1 Thacker Pass: positioned to become first meaningful source of lithium in U.S. 2 General Motors strategic investment and exclusive offtake for Phase 1 3 U.S. DOE ATVM Loan Conditional Commitment 4 Thacker Pass: unique geo

  4. Slide 4: Thacker Pass Snapshot

    NYSE & TSX: LAC 4 / CORPORATE PRESENTATION ● MARCH 2024 1 Thacker Pass Snapshot OREGON Permitted and uniquely positioned to supply North American lithium McDermitt IDAHO Denio Caldera McDermitt  Unique high-grade sedimentary resource, largest Measured and Indicated lithium resource in the U.S.(1) M

  5. Slide 5: A Track Record of Executing Key Milestones

    NYSE & TSX: LAC 5 / CORPORATE PRESENTATION ● MARCH 2024 1 A Track Record of Executing Key Milestones Thacker Pass is 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 Discovery a

  6. Slide 6: Strong Support from General Motors via Long-Term Off-Take Agreement and Strategic Investment

    NYSE & TSX: LAC 18 6 / CORPORATE PRESENTATION ● MARCH 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 o

  7. Slide 7: U.S. DOE ATVM Loan Conditional Commitment

    NYSE & TSX: LAC 7 / CORPORATE PRESENTATION ● MARCH 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)

  8. Slide 8: Unique Geology

    NYSE & TSX: LAC 8 / CORPORATE PRESENTATION ● MARCH 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

  9. Slide 9: Thacker Pass Project Location Benefits

    NYSE & TSX: LAC 9 / CORPORATE PRESENTATION ● MARCH 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  Access to rail ~60 miles away in Winnemucca,

  10. Slide 10: Thacker Pass is Well Positioned Along the Global Cost Curve

    NYSE & TSX: LAC 16 10 / CORPORATE PRESENTATION ● MARCH 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

  11. Slide 11: Thacker Pass Utilizes Well Proven Technology and Equipment

    NYSE & TSX: LAC 11 / CORPORATE PRESENTATION ● MARCH 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) Mag

  12. Slide 12: Lithium Technical Development Center

    NYSE & TSX: LAC 12 / CORPORATE PRESENTATION ● MARCH 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 sca

  13. Slide 13: Substantially De-Risked Project Execution for Thacker Pass

    NYSE & TSX: LAC 13 / CORPORATE PRESENTATION ● MARCH 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

  14. Slide 14: Substantially De-Risked Project Execution for Thacker Pass

    NYSE & TSX: LAC 14 / CORPORATE PRESENTATION ● MARCH 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

  15. Slide 15: Thacker Pass Phase 1 CAPEX Estimate Update

    NYSE & TSX: LAC 15 / CORPORATE PRESENTATION ● MARCH 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) • Together, the expected DOE ATVM Loan plus GM’s Investment are expected to Update r

  16. Slide 16: Developing Sustainable Lithium

    NYSE & TSX: LAC 21 16 / CORPORATE PRESENTATION ● MARCH 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 CO2e / t Li2CO3 t CO2e / t Li2CO3  Co-located sulfuric acid plant generating ma

  17. Slide 17: Thacker Pass has Strong Stakeholder Support

    NYSE & TSX: LAC 17 / CORPORATE PRESENTATION ● MARCH 2024 7 Thacker Pass has Strong Stakeholder Support Lithium is Recognized as a Conditional Commitment Record of Decision Upheld Local Community and Critical Mineral Received from the U.S.  In February 2023, the Nevada Tribe Engagement  The U.S. De

  18. Slide 18: Actively Engaging with Local Tribal and Community Members

    NYSE & TSX: LAC 23 18 / CORPORATE PRESENTATION ● MARCH 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 & Prio

  19. Slide 19: Being a Good Neighbor

    NYSE & TSX: LAC 19 / CORPORATE PRESENTATION ● MARCH 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 McDermitt Paiute Shoshone Tribe member Ja

  20. Slide 20: Proven Team with a Strong Track Record

    NYSE & TSX: LAC 20 / CORPORATE PRESENTATION ● MARCH 2024 8 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 Experienced Management team with leading

  21. Slide 21: Thacker Pass: Next Steps Toward Production

    NYSE & TSX: LAC 21 / CORPORATE PRESENTATION ● MARCH 2024 Your Text Thacker Pass: Next Steps Toward Production Fully permitted and in construction, set to ramp up Phase 1 construction in the second half of 2024 Advance detailed engineering First year of >30% and full production and notice to proceed

  22. Slide 22: Industry Overview

    NYSE & TSX: LAC 22 / CORPORATE PRESENTATION ● MARCH 2024 INDUSTRY OVERVIEW

  23. Slide 23: The Transition to a Net Zero Economy Creates Considerable Opportunity

    NYSE & TSX: LAC 23 / CORPORATE PRESENTATION ● MARCH 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 Re

  24. Slide 24: U.S. and Canadian Governments and Companies Focused on Localization of Supply Chains

    NYSE & TSX: LAC 24 / CORPORATE PRESENTATION ● MARCH 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,

  25. Slide 25: U.S. Government Actively Supporting the Development of a Domestic Supply Chain

    NYSE & TSX: LAC 25 / CORPORATE PRESENTATION ● MARCH 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 /

  26. Slide 26: Well Positioned to Benefit from Looming Lithium Supply Gap

    NYSE & TSX: LAC 26 / CORPORATE PRESENTATION ● MARCH 2024 Well Positioned to Benefit from Looming Lithium Supply Gap 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 Dema

  27. Slide 27: Li Content is Increasing in Batteries for More EV Range & Power

    NYSE & TSX: LAC 9 27 / CORPORATE PRESENTATION ● MARCH 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 dec

  28. Slide 28: Appendix

    NYSE & TSX: LAC 28 / CORPORATE PRESENTATION ● MARCH 2024 APPENDIX

  29. Slide 29: Shareholder Profile and Analyst Coverage

    NYSE & TSX: LAC 29 / CORPORATE PRESENTATION ● MARCH 2024 Shareholder Profile and Analyst Coverage • On average, 85% of aggregate volume is traded on the NYSE(1) Research Coverage(3) • Top 10 strategic and institutional shareholders hold approx. 25% Matthew Key of shares outstanding(1) Joel Jackson K

  30. Slide 30: Thacker Pass Feasibility Study Highlights

    NYSE & TSX: LAC 15 30 / CORPORATE PRESENTATION ● MARCH 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 Aft

  31. Slide 31: Thacker Pass Mineral Resource and Reserve

    NYSE & TSX: LAC 31 / CORPORATE PRESENTATION ● MARCH 2024 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) E

  32. Slide 32: Forward-Looking Statements and Information

    NYSE & TSX: LAC 32 / CORPORATE PRESENTATION ● MARCH 2024 Forward-Looking Statements and Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities party strategic and contractual partners; the ability of the Company to fund, advance and

  33. Slide 33: Contact Information

    CONTACT INFORMATION Virginia (Ginny) Morgan Vice President, IR and ESG info@lithiumamericas.com www.lithiumamericas.com @LithiumAmericas

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