Lithium Americas Reports Full Year 2025 Results

About this update from Lithium Americas Corp.

(All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia, March 19, 2026--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced that it has filed its Annual Report on Form 10-K, which includes the Company’s audited consolidated financial statements for the year ended December 31, 2025, and provided an update on its Thacker Pass lithium project in Humboldt County, Nevada ("Thacker Pass" or the "Project"). Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, "2025 marked a transformative year for Thacker Pass. Construction is advancing at full pace, and we are carrying that strong momentum into 2026. We are grateful for the continued support of the U.S. Administration and the Department of Energy. With the second loan drawdown in February 2026, we have meaningfully de-risked the Project and reinforced our path forward. This investment reflects our shared commitment to rebuilding critical mineral supply chains here at home and reducing reliance on foreign sources." "Construction at Thacker Pass is progressing rapidly, with safety as our highest priority. Peak construction activity is expected in 2026, and our workforce continues to expand, with approximately 1,800 skilled craftspeople anticipated on site by late 2026. We remain on track for mechanical completion of Phase 1 in late 2027, positioning Thacker Pass to play a central role in securing America’s energy and national security future. Together with our partners, we are advancing energy independence, strengthening domestic supply chains and building a more resilient future." Q4 2025 AND SUBSEQUENT TO Q4 2025 FINANCIAL AND CORPORATE HIGHLIGHTS Q4 2025 PROJECT AND CONSTRUCTION HIGHLIGHTS The Company continues to progress major construction at Thacker Pass Phase 1, targeting mechanical completion in late 2027. A detailed project update, including construction and operations and business readiness ("OBR") highlights, was released on February 19, 2026 entitled "Lithium Americas Provides a Project Update and 2026 Capex Guidance for Thacker Pass". Construction milestones achieved in Q4 2025 include: CAPITAL EXPENDITURE AND 2026 CAPEX GUIDANCE As of December 31, 2025, a total of $982.8 million of construction capital costs and oth...

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