{"id":798294,"date":"2025-01-07T06:58:37","date_gmt":"2025-01-07T11:58:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\/"},"modified":"2025-01-07T06:58:37","modified_gmt":"2025-01-07T11:58:37","slug":"lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\/","title":{"rendered":"Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth12 { width: 12% }\n.bwwidth15 { width: 15% }\n.bwwidth16 { width: 16% }\n.bwwidth17 { width: 17% }\n.bwwidth20 { width: 20% }\n.bwwidth23 { width: 23% }\n.bwwidth24 { width: 24% }\n.bwwidth25 { width: 25% }\n.bwwidth27 { width: 27% }\n.bwwidth37 { width: 37% }\n.bwwidth45 { width: 45% }\n.bwwidth49 { width: 49% }\n.bwwidth50 { width: 50% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass<\/b><\/p>\n<p class=\"bwalignc\">\n(All amounts in US$ unless otherwise indicated)<\/p>\n<p>VANCOUVER, British Columbia&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) <\/b>(\u201c<b>Lithium Americas<\/b>\u201d<b \/>or the<b \/>\u201c<b>Company<\/b>\u201d)<b \/>announced an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Humboldt County, Nevada (\u201c<b>Thacker Pass<\/b>\u201d or the \u201c<b>Project<\/b>\u201d), including the release of an independent National Instrument 43-101 (\u201c<b>NI 43-101<\/b>\u201d) technical report (\u201c<b>Technical Report<\/b>\u201d) entitled \u201cNI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d and an independent S-K 1300 technical report (the \u201c<b>S-K 1300 Technical Report<\/b>\u201d) entitled \u201cS-K 1300 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d both dated effective December 31, 2024. The Project is indirectly owned by Lithium Nevada Ventures LLC (\u201c<b>LN<\/b>\u201d). LN is a joint venture between the Company, which has a 62% ownership, and General Motors Holdings LLC (\u201c<b>GM<\/b>\u201d), which has a 38% ownership.<\/p>\n<p>\nJonathan Evans, President and CEO, commented, \u201cWe are excited to release the results of our Thacker Pass Technical Report that demonstrates the multigenerational opportunity for transformational growth the Project creates. Thacker Pass is now the largest measured lithium reserve and resource in the world and has the potential to become an unmatched district, generating American jobs and helping the U.S. regain independence of its energy supply. We are committed to safely and sustainably developing Thacker Pass while engaging with our stakeholders to increase domestic production of critical minerals.\u201d<\/p>\n<p><b>HIGHLIGHTS<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nProven and Probable (\u201c<b>P&amp;P<\/b>\u201d) mineral reserve estimate of 14.3 million tonnes (\u201c<b>Mt<\/b>\u201d) lithium carbonate equivalent (\u201c<b>LCE<\/b>\u201d) at an average grade of 2,540 parts per million (\u201c<b>ppm<\/b>\u201d) lithium (\u201c<b>Li<\/b>\u201d), an increase of 286% since the November 2022 Feasibility Study<sup>1<\/sup>; supports an expansion of up to five phases with an 85-year mine life.<\/p>\n<\/li>\n<li>\nMeasured and Indicated (\u201c<b>M&amp;I<\/b>\u201d)<b \/>mineral resource estimate of 44.5 Mt LCE at an average grade of 2,230 ppm Li; an increase of 177% since the November 2022 Feasibility Study.<\/p>\n<\/li>\n<li>\nExpansion plan targeting 160,000 tonnes per year (\u201c<b>t\/y<\/b>\u201d) of battery-quality lithium carbonate (\u201c<b>Li<sub>2<\/sub>CO<sub>3<\/sub><\/b>\u201d) production capacity in four phases of 40,000 t\/y each, respectively (\u201c<b>Phase 1<\/b>,\u201d \u201c<b>Phase 2<\/b>,\u201d \u201c<b>Phase 3<\/b>\u201d and<b \/>\u201c<b>Phase 4<\/b>\u201d), with a sulfuric acid plant without an additional Li<sub>2<\/sub>CO<sub>3<\/sub> production circuit as Phases 1-4 are expected to have excess capacity (\u201c<b>Phase 5<\/b>\u201d). Phase 4 expansion incorporates a direct rail line from Winnemucca to Thacker Pass.<\/p>\n<\/li>\n<li>\nProject economics for an 85-year life of mine (\u201c<b>LOM<\/b>\u201d) (\u201c<b>Base Case<\/b>\u201d) and an optimized production scenario for years 1-25 of the 85-year LOM (\u201c<b>Years 1-25<\/b>\u201d or \u201c<b>Production Scenario<\/b>\u201d). Both the Base Case and Production Scenario use a price assumption of $24,000 per tonne of Li<sub>2<\/sub>CO<sub>3<\/sub>.<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAverage annual EBITDA<sup>2<\/sup> for the Production Scenario is estimated at $2.2 billion per year and $2.1 billion per year for the Base Case.<\/p>\n<\/li>\n<li>\nProduction Scenario after-tax net present value (\u201c<b>NPV<\/b>\u201d) of $5.9 billion at 8% discount and 19.6% after-tax internal rate of return (\u201c<b>IRR<\/b>\u201d), and Base Case after-tax NPV of $8.7 billion at 8% discount and 20.0% after-tax IRR.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\nProduction Scenario operating costs (\u201c<b>OPEX<\/b>\u201d) of $6,238 per tonne lithium carbonate produced, and Base Case OPEX of $8,039 per tonne lithium carbonate produced.<\/p>\n<\/li>\n<li>\nCapital cost (\u201c<b>CAPEX<\/b>\u201d) estimates for Phase 1 of $2.93 billion (as previously disclosed in March 2024), Phase 2 of $2.33 billion, Phase 3 of $2.74 billion, Phase 4 and 5 together of $4.32 billion, based on cost estimates from Q2 2024 and include a 15% contingency.<\/p>\n<\/li>\n<li>\nConstruction of each of Phases 1 through 4 is expected to be spaced four years apart, with Phase 5 beginning at the same time as Phase 4.<\/p>\n<\/li>\n<li>\nPhase 1 is expected to create nearly 2,000 jobs during construction and approximately 350 full-time jobs during operations. Over the LOM, an average of approximately 1,100 full-time employees are expected to support mining and processing operations. Additional jobs are expected to be created in the local communities through ancillary and support services, such as transportation, maintenance and supplies.<\/p>\n<\/li>\n<li>\nPhase 1 is targeted for completion in late 2027. The Company is targeting to announce the final investment decision (\u201c<b>FID<\/b>\u201d) for Phase 1 in early 2025. Bechtel is the engineering, procurement and construction management (\u201c<b>EPCM<\/b>\u201d) contractor for the construction of Phase 1.<\/p>\n<\/li>\n<\/ul>\n<p><sup>1<\/sup> For more details, refer to the Company\u2019s Feasibility Study entitled \u201cFeasibility Study National Instrument 43-101 Technical Report for the Thacker Pass Project Humboldt County, Nevada, USA\u201d, dated effective November 2, 2022, available on SEDAR+.<br \/>\n<br \/><sup>2<\/sup> Earnings before income, taxes, depreciation and amortization (\u201c<b>EBITDA<\/b>\u201d) is a non-GAAP financial measure, refer to Non-GAAP Measures for more information.<\/p>\n<p><b>PROJECT IMPROVEMENTS<\/b><\/p>\n<p>\nThe Thacker Pass Technical Report results reflect continuous improvement initiatives, including optimizing the mine plan and incorporating results of test work completed at the Company\u2019s Lithium Technical Development Center.<\/p>\n<p>\nThe Thacker Pass deposit allows the mine to have multiple grades of ore exposed at any given time, enabling flexibility to deliver optimum ore blends as needed to maximize economics. The Company has developed an optimized mine plan which allows an approximate 25% increase in recovery for the first 12 years of production, providing a higher economic return during the years of capital investment for building Phases 2 through 5.<\/p>\n<p>\nProcess optimizations and engineering development updates include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBeneficiation circuit: the number of decanter centrifuges reduced from six to four.<\/p>\n<\/li>\n<li>\nCounter-current Decantation (\u201c<b>CCD<\/b>\u201d) thickeners: smaller diameter.<\/p>\n<\/li>\n<li>\nFilter presses: reduced from eight membrane type to four recessed chamber type.<\/p>\n<\/li>\n<li>\nBrine evaporators: reduced from three to two.<\/p>\n<\/li>\n<li>\nSulfuric acid plant for Phase 1 through 4: size of plant reduced from the previous 3,000 tonnes per day (\u201c<b>t\/d<\/b>\u201d) sulfuric acid to 2,250 t\/d sulfuric acid, reducing the transportation and consumption of liquid sulfur.<\/p>\n<\/li>\n<li>\nFinal polishing step where low levels of calcium and magnesium are removed: improved reaction parameters in the calcium precipitation circuit reduce loading on ion exchange.<\/p>\n<\/li>\n<li>\nReagents: reduced soda ash consumption in the lithium carbonate circuit.<\/p>\n<\/li>\n<\/ul>\n<p>\nTo maximize the life of mine, ore control parameters would be lowered after the construction of Phase 1 through 5 is completed. Phase 5 would consist of a 3,000 t\/d sulfuric acid plant and a brine plant to supplement feed to the processing plants of Phases 1 through 4, to maintain their nominal production capacity at 40,000 t\/y.<\/p>\n<p>\nEstimated OPEX for Years 1-25 is approximately $500 per tonne lower (~7%), than the November 2022 Feasibility Study. Lower raw material (reagent) consumption and costs, decreased maintenance on less equipment and reduced tailings placement (due to less tailings produced) were offset by higher mining costs to achieve the optimized mine plan, power utility costs based on final selection of power provider and general and administrative costs for insurance.<\/p>\n<p><b>TECHNICAL REPORT SUMMARY<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth50 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>December 2024 Thacker Pass Technical Report Results (US$)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth24 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Production Scenario<br \/>\n<br \/>(Years 1-25)<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Base Case<br \/>\n<span><br \/><\/span>(85-year LOM)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral resource (Measured &amp; Indicated)<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n44.5 Mt LCE at a grade of 2,230 ppm Li<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral reserves (Proven &amp; Probable)<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n14.3 Mt LCE at a grade of 2,540 ppm Li<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOre reserve life<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n85 years<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOperational life<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n25 years<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n85 years<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNominal production capacity<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n160,000 t\/y Li<sub>2<\/sub>CO<sub>3<br \/>\n<\/sub><br \/>(Phases 1-4 at 40,000 t\/y Li<sub>2<\/sub>CO<sub>3 <\/sub>each, with additional Phase 5 producing brine to feed to Phases 1-4 lithium processing plants)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMining method<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nContinuous open-pit mining<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nProcessing method<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSulfuric acid leaching<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMetallurgical Recovery<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n82.1%<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwleftsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n80.4%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInitial capital costs \u2013 Phase 1<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$2.93 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInitial capital costs \u2013 Phase 2<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$2.33 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInitial capital costs \u2013 Phase 3<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$2.75 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInitial capital costs \u2013 Phase 4 and 5 (includes rail)<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$4.32 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSustaining capital costs<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$1.55 billion<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$6.92 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOperating Costs (average) (per tonne LCE)<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6,238<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$8,039<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nLithium carbonate price assumption (per tonne)<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwwidth49 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$24,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAverage Annual EBITDA (per year)<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$2.2 billion<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$2.1 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAfter-tax NPV @ 8% Discount Rate<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$5.9 billion<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$8.7 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAfter-tax IRR<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n19.6%<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n20.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><b>CONSTRUCTION TIMELINE<\/b><\/p>\n<p>\nConstruction of Thacker Pass to reach total nominal design capacity of 160,000 t\/y of Li<sub>2<\/sub>CO<sub>3<\/sub> is planned over five phases. Each of Phases 1 through 4 are expected to be spaced 4 years apart with Phase 5 beginning at the same time as Phase 4. Construction of Phases 2 through 5 is expected to occur over a 13-year period, from the start of Phase 1 first production. Phase 4 expansion includes a direct rail line to Thacker Pass for the transportation of raw materials and finished product. The lithium carbonate production plants for Phase 1 through 4 is expected to have excess capacity that would take brine feed from Phase 5 to maintain their nominal production capacity of 40,000 t\/y. Additional required permitting for Phases 2 through 5 will be initiated following the completion of Phase 1 construction.<\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth37 bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Thacker Pass Expansion by Phase<\/b><\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 1<\/b><\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 2<\/b><\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 3<\/b><\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 4<\/b><\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 5<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nSulfuric Acid Plant Capacity (t\/d)<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,250<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,250<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,250<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,250<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nNominal Design LCE Production (t\/y)<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40,000<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40,000<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40,000<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40,000<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nBeneficiation circuit<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwpadl0 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nLeaching, Neutralization &amp; CCD circuits<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwpadl0 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nMagnesium and calcium removal circuit<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwpadl0 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nPartial<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nLithium carbonate production plant<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nX<\/p>\n<\/td>\n<td class=\"bwwidth12 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nConstruction of Phase 1 commenced in early 2023 and the Company is targeting to announce FID in early 2025. Bechtel is the EPCM contractor for the construction of Phase 1. In Q4 2024, the Company provided Bechtel and other major contractors with limited full notice to proceed to de-risk the construction schedule and continue to target completion in late 2027.<\/p>\n<p>\nCurrent work at Thacker Pass for Phase 1 includes excavation of the process plant (now over 75% complete), advancing detailed engineering (now over 50% complete) and awarding of procurement packages. At the Workforce Hub, the Company\u2019s full-service housing facility in Winnemucca for construction workers, the site\u2019s utility infrastructure is being built out.<\/p>\n<p><b>CAPITAL COST ESTIMATE<\/b><\/p>\n<p>\nTotal estimated CAPEX for the development of Phases 1 through 5 for total nominal production of 160,000 t\/y of lithium carbonate is $12.4 billion. CAPEX estimates are based on Q2 2024 pricing and include a 15% contingency. CAPEX estimates include early works, mine development, mining, the process plant, the off-site transload facility, commissioning and all associated infrastructure.<\/p>\n<p>\nCAPEX for Phase 2, 3, 4 and 5 is derived from Phase 1 estimates. CAPEX for Phases 2 and 3 benefits from established mine and plant infrastructure from Phase 1. CAPEX for Phases 4 and 5 include the addition of one processing plant, two sulfuric acid plants and a direct rail line to Thacker Pass.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor0 bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Thacker Pass CAPEX Estimates<br \/>\n<br \/><\/b>($US millions)<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 1<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 2<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase 3<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Phase<br \/>\n<span><br \/><\/span>4 &amp; 5<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwalignc bwwidth15 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Additional<br \/>\n<br \/>LOM<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth25 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Mine<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$88<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth25 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Process &amp; Sulfuric Acid Plants<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$2,842<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$2,326<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$2,754<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$4,074<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth25 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Infrastructure Relocation<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$2<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$114<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth25 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Rail expansion<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$241<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n&#8211;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth25 bwleftsingle bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Total Development Capital<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$2,930<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$2,328<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$2,754<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$4,315<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrightsingle bwalignc bwwidth15 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$114<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nSustaining capital costs for Years 1 through 25 total $1.55 billion and for LOM total $6.92 billion. Sustaining capital costs include replacement costs for mining equipment, process plant equipment, expansions of storage facilities and infrastructure and capital repayment to third parties for the off-site transload terminal, mining and limestone quarry. Capital costs for Phases 2 through 5 are not included in sustaining capital costs.<\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth50 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwvertalignm bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Sustaining Capital Cost Estimate <\/b>(US$ millions)<\/p>\n<\/td>\n<td class=\"bwwidth24 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Production Scenario<br \/>\n<br \/>(Years 1-25)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth24 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Base Case<br \/>\n<br \/>(85-year LOM)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMine including equipment capital<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$636<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$3,445<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMobile equipment<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$28<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$93<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nProcess plants and infrastructure<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$626<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$3,125<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThird-party capital repayment<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$259<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$259<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth50 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal sustaining capital cost<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$1,549<\/p>\n<\/td>\n<td class=\"bwwidth24 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6,921<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>OPERATING COST ESTIMATE<\/b><\/p>\n<p>\nOPEX include raw materials, labor, utilities, maintenance materials, supplies and outside services and tailings. Reagents for the sulfuric acid plant and process plant account for approximately 50% of total operating costs for LOM or 56% for Years 1-25. Primary reagents include liquid sulfur, soda ash, quicklime, caustic soda, flocculant and limestone.<\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td rowspan=\"2\" class=\"bwwidth45 bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwtopsingle bwvertalignm bwleftsingle\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Summary of Thacker Pass OPEX <\/b>(US$)<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth27 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Production Scenario<br \/>\n<br \/><\/b><b>(Years 1-25)<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwwidth27 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwrightsingle\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Base Case<br \/>\n<br \/><\/b><b>(85-year LOM)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>$ per tonne<br \/>\n<br \/>Li<span><sub>2<\/sub><\/span>CO<span><sub>3<\/sub><\/span><\/b><\/p>\n<\/td>\n<td class=\"bwwidth10 bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>% of<br \/>\n<br \/>Total<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>$ per tonne<br \/>\n<br \/>Li<span><sub>2<\/sub><\/span>CO<span><sub>3<\/sub><\/span><\/b><\/p>\n<\/td>\n<td class=\"bwwidth11 bwsinglebottom bwrowaltcolor0 bwpadl0 bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>% of<br \/>\n<br \/>Total<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth45 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Mine<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$904<\/p>\n<\/td>\n<td class=\"bwwidth10 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n14%<\/p>\n<\/td>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$1,767<\/p>\n<\/td>\n<td class=\"bwwidth11 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n22%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth45 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Lithium Processing &amp; Sulfuric Acid Plants<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5,013<\/p>\n<\/td>\n<td class=\"bwwidth10 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n80%<\/p>\n<\/td>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5,946<\/p>\n<\/td>\n<td class=\"bwwidth11 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n74%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth45 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>General &amp; Administrative<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$321<\/p>\n<\/td>\n<td class=\"bwwidth10 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5%<\/p>\n<\/td>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$326<\/p>\n<\/td>\n<td class=\"bwwidth11 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth45 bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Total Operating Costs<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>6,238<\/b><\/p>\n<\/td>\n<td class=\"bwwidth10 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>100%<\/b><\/p>\n<\/td>\n<td class=\"bwwidth16 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$8,039<\/b><\/p>\n<\/td>\n<td class=\"bwwidth11 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>100%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>MINERAL RESOURCE ESTIMATE<\/b><\/p>\n<p><b>Thacker Pass Mineral Resource Estimate as of December 31, 2024<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth37 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Category<\/b><\/p>\n<\/td>\n<td class=\"bwwidth20 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>In Situ Dry<br \/>\n<br \/>Tonnage (Mt)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth17 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Average Li<br \/>\n<br \/>(ppm)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth23 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Lithium Carbonate<br \/>\n<br \/>Equivalent (Mt)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMeasured<\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n560.8<\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,680<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n8.0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndicated<\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,225.2<\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,150<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n36.5<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Total Measured &amp; Indicated<\/b><\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>3,786.0<\/b><\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>2,230<\/b><\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>44.5<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInferred<\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,981.5<\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,070<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n21.6<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nNotes for the December 31, 2024 Mineral Resource:<\/p>\n<ol class=\"bwlistdecimal\">\n<li>\nThe independent Qualified Person who supervised the preparation of and approved disclosure for the estimate is Benson Chow, P.G., SME-RM.<\/p>\n<\/li>\n<li>\nMineral Resources that are not Mineral Reserves do not have demonstrated economic viability.<\/p>\n<\/li>\n<li>\nThe Mineral Resource model has been generated using Imperial units. Metric tonnages shown in table are conversions from the Imperial Block Model.<\/p>\n<\/li>\n<li>\nMineral Resources are inclusive of 1,056.7 million metric tonnes (Mt) of Mineral Reserves<\/p>\n<\/li>\n<li>\nMineral Resources are reported using an economic break-even formula: \u201cOperating Cost per Resource Short Ton\u201d\/\u201cPrice per Recovered Short Ton Lithium\u201d * 10^6 = ppm Li Cutoff. \u201cOperating Cost per Resource Short Ton\u201d = US$86.76, \u201cPrice per Recovered Short Ton Lithium\u201d is estimated: \u201cLithium Carbonate Equivalent (LCE) Price\u201d * 5.3228 * (1 \u2013 \u201cRoyalties\u201d) * \u201cMetallurgical Recovery\u201d. Variables are \u201cLCE Price\u201d = US$26,308\/Short Ton ($29,000\/tonne) Li<sub>2<\/sub>CO<sub>3<\/sub>, \u201cGRR\u201d = 1.75% and \u201cMetallurgical Recovery\u201d = 73.5%.<\/p>\n<\/li>\n<li>\nPresented at a cutoff grade of 858 ppm Li. and a maximum ash content of 85%.<\/p>\n<\/li>\n<li>\nA mineral resource constraining pit shell has been derived from performing a pit optimization estimation using Vulcan software and the same economic inputs as what was used to calculate the cutoff grade.<\/p>\n<\/li>\n<li>\nThe conversion factor for lithium to LCE is 5.3228.<\/p>\n<\/li>\n<li>\nApplied density for the mineralization is weighted in the block model based on clay and ash percentages in each block and the average density for each lithology (Section 14.1.6.4 of the Technical Report).<\/p>\n<\/li>\n<li>\nMeasured Mineral Resources are in blocks estimated using at least 3 drill holes and 10 samples where the closest sample during estimation is less than or equal to 900 ft. Indicated Mineral Resources are in blocks estimated using at least 2 drill holes and 10 samples where the closest sample during estimation is less than or equal to 1,500 ft. Inferred Mineral Resources are in blocks estimated using at least 2 drill holes and 9 samples where the closest sample during estimation is less than or equal to 2,500 ft.<\/p>\n<\/li>\n<li>\nTonnages and grades have been rounded to accuracy levels deemed appropriate by the QP. Summation errors due to rounding may exist.<\/p>\n<\/li>\n<li>\nMineral Resources are presented on a 100% basis. LN indirectly owns the Project. Lithium Americas owns a 62% interest in LN and GM owns the remaining 38%.<\/p>\n<\/li>\n<\/ol>\n<p><b>MINERAL RESERVE ESTIMATE<\/b><\/p>\n<p><b>Thacker Pass Mineral Reserve Estimate as of December 31, 2024<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth37 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwvertalignm bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Category<\/b><\/p>\n<\/td>\n<td class=\"bwwidth20 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Run-of-Mine<br \/>\n<br \/>(ROM) Dry<br \/>\n<br \/>Tonnage <\/b><b>(Mt)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth17 bwtopsingle bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Average Li<br \/>\n<\/b><br \/><b>(ppm)<\/b><\/p>\n<\/td>\n<td class=\"bwwidth23 bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwrightsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Lithium Carbonate<br \/>\n<br \/>Equivalent (Mt)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nProven<\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n269.5<\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,180<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4.5<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nProbable<\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n787.1<\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,320<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n9.7<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwwidth37 bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1 bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Total Proven and Probable<\/b><\/p>\n<\/td>\n<td class=\"bwwidth20 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>1,056.7<\/b><\/p>\n<\/td>\n<td class=\"bwwidth17 bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,540<\/p>\n<\/td>\n<td class=\"bwwidth23 bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>14.3<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nNotes for the December 31, 2024 Mineral Reserve:<\/p>\n<ol class=\"bwlistdecimal\">\n<li>\nThe independent Qualified Person for the Mineral Reserves Estimate has been prepared by Kevin Bahe, P.E.<\/p>\n<\/li>\n<li>\nMineral Reserves have been converted from measured and indicated Mineral Resources within the feasibility study and have demonstrated economic viability.<\/p>\n<\/li>\n<li>\nReserves presented in an optimized pit at an 85% maximum ash content, cutoff grade of 858 ppm Li, and an average cut-off factor of 13.3 kg of LCE recovered per tonne of leach ore tonne (ranged from 7.5-26 kg of LCE recovered per tonne of leach ore tonne).<\/p>\n<\/li>\n<li>\nA sales price of $29,000 US$\/tonne of Li<sub>2<\/sub>CO<sub>3<\/sub> was utilized in the pit optimization resulting in the generation of the reserve pit shell in 2024. An overall slope of 27 degrees was applied. For bedrock material pit slope was set at 52 degrees. Mining and processing costs of $95.40 per tonne of ROM feed, a processing recovery factor based on the block model, and a GRR cost of 1.75% were additional inputs into the pit optimization.<\/p>\n<\/li>\n<li>\nA LOM plan was developed based on equipment selection, equipment rates, labor rates, and plant feed and reagent parameters. All Mineral Reserves are within the LOM plan. The LOM plan is the basis for the economic assessment within the Technical Report, which is used to show the economic viability of the Mineral Reserves.<\/p>\n<\/li>\n<li>\nApplied density for the ore is varied by clay type (Table 14-13 of the Technical Report).<\/p>\n<\/li>\n<li>\nLithium Carbonate Equivalent is based on in-situ LCE tonnes with a 95% mine recovery factor.<\/p>\n<\/li>\n<li>\nTonnages and grades have been rounded to accuracy levels deemed appropriate by the QP. Summation errors due to rounding may exist.<\/p>\n<\/li>\n<li>\nThe reference point at which the Mineral Reserves are defined is at the point where the ore is delivered to the run-of-mine feeder.<\/p>\n<\/li>\n<li>\nMineral Reserves are presented on a 100% basis. LN indirectly owns the Project. Lithium Americas owns a 62% interest in LN and GM owns the remaining 38%.<\/p>\n<\/li>\n<\/ol>\n<p>\nPlease refer to the Technical Report for full details on the geology, mining, processing and infrastructure of Thacker Pass.<\/p>\n<p><b>QUALITY ASSURANCE AND QUALITY CONTROL<\/b><\/p>\n<p><b>Mineral Resources<\/b><\/p>\n<p>\nSample names, certificate identifications and run identifications were cross referenced with the laboratory certificates and sample assay datasheet for spot checking and verification of data. No data anomalies were discovered during this check.<\/p>\n<p>\nQuality Assurance \/ Quality Control (\u201c<b>QA\/QC<\/b>\u201d) methodology utilized by Lithium Americas and results of these checks were discussed between Lithium Americas\u2019 geologists and the Mineral Resources qualified person, as defined under NI 43-101 (\u201c<b>QP<\/b>\u201d), who has reviewed and verified the Mineral Resource estimate (the \u201c<b>Mineral Resources QP<\/b>\u201d).<\/p>\n<p>\nGeologic logs, Access databases and Excel spreadsheets were provided to the Mineral Resources QP for cross validation with the Excel lithological description file. Spot checks between Excel lithological description sheets were performed against the source data with no inconsistencies found with the geologic unit descriptions.<\/p>\n<p>\nVerification of the block model was performed by the creation of a geostatistical model and the review of its various outputs. Histograms, simulation and swath plots were created and analyzed to validate the accuracy of the block model.<\/p>\n<p>\nBased on the various reviews, validation exercises and remedies outlined above, the Mineral Resources QP concluded that the data is adequate for use for Mineral Resource estimation.<\/p>\n<p><b>Mineral Reserves<\/b><\/p>\n<p>\nA QP has reviewed and verified the Mineral Reserve estimate (the \u201c<b>Mineral Reserves QP<\/b>\u201d), for the following as part of the mine planning, cost model and Mineral Reserves data verification.<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nGeotechnical: slope stability study completed by BARR Engineering in 2019 and 2024 was reviewed.<\/p>\n<\/li>\n<li>\nMining Method: open-pit mining with limited blasting has been reviewed and assessed with geotechnical reports.<\/p>\n<\/li>\n<li>\nPit Optimization: was based on the resource pit completed in 2024. The final optimized pit is limited by several physical features.<\/p>\n<\/li>\n<li>\nMine Design: ramp, bench and face angle parameters were validated by geotechnical reports.<\/p>\n<\/li>\n<li>\nProduction Schedule: the production schedule was validated based on reasonability.<\/p>\n<\/li>\n<li>\nLabor and Equipment: estimations for equipment sizes, capacity, availability and utilization were reviewed for reasonability.<\/p>\n<\/li>\n<li>\nEconomic Model: model was reviewed and demonstrated economic viability for the Project.<\/p>\n<\/li>\n<li>\nFacilities and Materials: facilities and materials located within the reserve pit boundary will be re-located when access to those areas are required during mining.<\/p>\n<\/li>\n<\/ul>\n<p><b>QUALIFIED PERSON<\/b><\/p>\n<p>\nThe scientific and technical information contained in this news release has been derived from the Technical Report and has been reviewed and approved by Rene LeBlanc, RM-SME, Vice President, Growth and Product Strategy of the Company, a QP as defined under NI 43-101.<\/p>\n<p>\nFurther information about Thacker Pass, including a description of the key assumptions, parameters, sampling methods, data verification and QA\/QC programs, methods relating to Mineral Resources and Mineral Reserves and factors that may affect those estimates are contained in the Technical Report which is available under the Company\u2019s profile on SEDAR+, and in the S-K 1300 Technical Report which is available under the Company\u2019s profile on EDGAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54174189&amp;newsitemid=20250107373175&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=0aa00ee8cbb9b5098bfd2c6fe4c248c6\">www.sec.gov<\/a> and both reports are available on the Company\u2019s website.<\/p>\n<p>\nOther than as described in the Company\u2019s continuous disclosure documents, there are no known legal, political, environmental or other risks that could materially affect the potential development of the Mineral Reserves and Mineral Resources at this point in time.<\/p>\n<p><b>NON-GAAP MEASURES<\/b><\/p>\n<p>\nThis news release contains certain non-GAAP (Generally Accepted Accounting Principles) measures, including EBITDA. Such measures have non-standardized meaning under GAAP and may not be comparable to similar measures used by other issuers. Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Non-IFRS financial measures used in this news release are common to the industry. The prospective non-GAAP financial measures or ratios presented are not able to be reconciled to the nearest comparable measure under IFRS and the equivalent historical non-GAAP financial measure for the prospective non-GAAP financial measure or ratio discussed herein are not available because the Project is not and has not been in production. As the Company has provided these measures on a forward-looking basis, it is unable to present a quantitative reconciliation to the most directly comparable financial measure calculated and presented in accordance with GAAP without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various reconciling items that would impact the most directly comparable forward-looking GAAP measure that have not yet occurred, are outside of the Company\u2019s control and\/or cannot be reasonably predicted.<\/p>\n<p><b>NATIONAL INSTRUMENT 43-101 DISCLOSURE<\/b><\/p>\n<p>\nReaders are cautioned that the conclusions, projections and estimates set out in this news release are subject to important qualifications, assumptions and exclusions, all of which are detailed in the Technical Report. To fully understand the summary information set out above, the Technical Report is available on SEDAR+ at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54174189&amp;newsitemid=20250107373175&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=2&amp;md5=d2fa1ae3c55e455c05d6d4bd33ad2d55\">www.sedarplus.ca<\/a> should be read in its entirety.<\/p>\n<p><b>ABOUT LITHIUM AMERICAS<\/b><\/p>\n<p>\nLithium Americas is committed to responsibly developing Thacker Pass located in Humboldt County in northern Nevada, which hosts the largest known lithium M&amp;I resource and P&amp;P reserve in the world. Thacker Pass is owned by a joint venture between Lithium Americas (holding a 62% interest and is the manager of the Project), and GM (holding a 38% interest). The Company is focused on advancing Thacker Pass Phase 1 toward production, targeting nominal design capacity of 40,000 t\/y of battery-quality lithium carbonate. The Company and its EPCM contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America\u2019s Building Trades Unions for construction of Thacker Pass. The three-year construction build is expected to create nearly 2,000 direct jobs, including 1,800 skilled contractors. Lithium Americas\u2019 shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lithiumamericas.com&amp;esheet=54174189&amp;newsitemid=20250107373175&amp;lan=en-US&amp;anchor=www.lithiumamericas.com&amp;index=3&amp;md5=bf1adfe6217a45d90b3803dba1f9c6f0\">www.lithiumamericas.com<\/a> or follow @LithiumAmericas on social media.<\/p>\n<p><b>FORWARD-LOOKING INFORMATION<\/b><\/p>\n<p>\nThis news release contains \u201cforward-looking information\u201d within the meaning of applicable Canadian securities legislation, and \u201cforward-looking statements\u201d within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as \u201cforward-looking information\u201d (\u201cFLI\u201d)). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include, but are not limited to, words, such as \u201canticipate,\u201d \u201cplan,\u201d \u201ccontinues,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cprojects,\u201d \u201cpredict,\u201d \u201cproposes,\u201d \u201cpotential,\u201d \u201ctarget,\u201d \u201cimplement,\u201d \u201cscheduled,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201cshould,\u201d \u201cbelieve\u201d and similar terminology, or statements that certain actions, events or results \u201cmay,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmight\u201d or \u201cwill\u201d be taken, occur or be achieved. FLI in this news release includes, but is not limited to expectations relating to performance and execution of business plans; expectations related to current or future joint venture relationships; expectations relating to financial management, controls and project funding; expectations relating to the timing and ability to advance to a final investment decision for major construction of the Project; expectations relating to delivering shareholder value; expectations relating to contributions to the development of a North American lithium supply chain and the resulting beneficial impacts on local communities proximate to the Project; expectations and timing on the commencement of major construction and first production; project de-risking initiatives; expectations related to the construction build and phases of Thacker Pass and nameplate capacity (as well as expansion potential) and mine life; expectations relating to the estimated completion and performance of the Project, including estimates of operating and capital costs; statements with respect to the expected economics of Thacker Pass, including production expectations, EBITDA, NPV, IRR, pricing assumptions, life of mine, OPEX and sustaining capital; other statements with respect to the Company\u2019s future objectives and strategies to achieve these objectives, and management\u2019s beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance of the Project or expectations that are not historical facts.<\/p>\n<p>\nFLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLI reflects the Company\u2019s current views about future events, and while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation, the absence of material adverse events affecting the Company during the construction of the Project; the ability to perform conditions and meet expectations of agreements with GM; confidence that development, construction and operations at Thacker Pass will proceed as anticipated, including the impact of potential supply chain disruptions and the availability of equipment and facilities necessary to complete development and construction at Thacker Pass and produce battery grade lithium; the Company\u2019s ability to operate in a safe and effective manner, and without material adverse impact from the effects of climate change or severe weather conditions; expectations regarding the Company\u2019s financial resources and future prospects, including the ability to obtain additional financing on satisfactory terms; expectations regarding future pricing of lithium and the supplies necessary to operate Thacker Pass; the ability to meet future objectives and priorities; a cordial business relationship between the Company and third party strategic and contractual partners; general business and economic uncertainties and adverse market conditions; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the Company\u2019s ability to complete construction of each Phase of the Project on time and on budget; the respective benefits and impacts of Thacker Pass when production operations commence; the availability of equipment and facilities necessary to complete development and construction at the Project; unforeseen technological, engineering and operational problems; political factors, including the impact of the results of the 2024 U.S. presidential election on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; accuracy of development budgets and construction estimates; uncertainties inherent to feasibility studies and mineral resource and mineral reserve estimates; reliability of technical data; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; government regulation of mining operations and changes to regulatory or governmental royalty or tax rates; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; demand for lithium, including that such demand is supported by growth in the electric vehicle market; current technological trends; the impact of increasing competition in the lithium business, and the Company\u2019s competitive position in the industry; changes to costs of production due to general economic factors such as: recession, inflation, deflation, and financial instability; compliance by joint venture partners with terms of agreements; continuing support of local communities and the Fort McDermitt Paiute and Shoshone Tribe for Thacker Pass, and continuing constructive engagement with these and other stakeholders, and any expected benefits of such engagement; risks related to cost, funding and regulatory authoritarians to develop a workforce housing facility; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; ability to realize expected benefits from investments in or partnerships with third parties; availability of technology, including low carbon energy sources and water rights, on acceptable terms to advance Thacker Pass; the impact of unknown financial contingencies, including litigation costs, title dispute or claims, environmental compliance costs and costs associated with the impacts of climate change, on the Company\u2019s operations; increased attention to environmental, social, governance and safety (\u201cESG-S\u201d) and sustainability-related matters, risks related to the Company\u2019s public statements with respect to such matters that may be subject to heightened scrutiny from public and governmental authorities related to the risk of potential \u201cgreenwashing,\u201d (i.e., misleading information or false claims overstating potential sustainability-related benefits), risks that the Company may face regarding potentially conflicting anti-ESG-S initiatives from certain U.S. state or other governments; estimates of and unpredictable changes to the market prices for lithium products, as well as assumptions concerning general economic and industry growth rates, commodity prices, resource estimates, currency exchange and interest rates and competitive conditions. Although the Company believes that the assumptions and expectations reflected in such FLI are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct.<\/p>\n<p>\nReaders are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLI will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company\u2019s actual results could differ materially from those anticipated in any FLI as a result of the risk factors set out herein and in the Company\u2019s filings with securities regulators.<\/p>\n<p>\nThe FLI contained in this news release is expressly qualified by these cautionary statements. All FLI in this news release speaks as of the date of this news release. The Company does not undertake any obligation to update or revise any FLI, whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Company\u2019s filings with securities regulators, including the Company\u2019s most recent Annual Report on Form 20-F and most recent management\u2019s discussion and analysis for our most recently completed financial year and, if applicable, interim financial period, which are available on SEDAR+ at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54174189&amp;newsitemid=20250107373175&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=4&amp;md5=dfe0bcc28801f646246c36db7f52cc93\">www.sedarplus.ca<\/a> and on EDGAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54174189&amp;newsitemid=20250107373175&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=5&amp;md5=575ce3bb8ea2b70bcb5989e321f54051\">www.sec.gov<\/a>. All FLI contained in this news release is expressly qualified by the risk factors set out in the aforementioned documents.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250107373175r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250107373175\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250107373175\/en\/<\/a><\/span><\/p>\n<p><b>INVESTOR CONTACT<br \/>\n<\/b><br \/>Virginia Morgan, VP, IR and ESG<br \/>\n<br \/>+1-778-726-4070<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@lithiumamericas.com\">ir@lithiumamericas.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250107373175\/en\/1997027\/3\/Lithium_Americas_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass (All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211;Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (\u201cLithium Americas\u201dor the\u201cCompany\u201d)announced an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Humboldt County, Nevada (\u201cThacker Pass\u201d or the \u201cProject\u201d), including the release of an independent National Instrument 43-101 (\u201cNI 43-101\u201d) technical report (\u201cTechnical Report\u201d) entitled \u201cNI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d and an independent S-K 1300 technical report (the \u201cS-K 1300 Technical Report\u201d) entitled \u201cS-K 1300 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d both dated effective December 31, 2024. The Project is indirectly owned by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-798294","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass (All amounts in US$ unless otherwise indicated) VANCOUVER, British Columbia&#8211;(BUSINESS WIRE)&#8211;Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (\u201cLithium Americas\u201dor the\u201cCompany\u201d)announced an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Humboldt County, Nevada (\u201cThacker Pass\u201d or the \u201cProject\u201d), including the release of an independent National Instrument 43-101 (\u201cNI 43-101\u201d) technical report (\u201cTechnical Report\u201d) entitled \u201cNI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d and an independent S-K 1300 technical report (the \u201cS-K 1300 Technical Report\u201d) entitled \u201cS-K 1300 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d both dated effective December 31, 2024. The Project is indirectly owned by &hellip; Continue reading &quot;Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-07T11:58:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250107373175r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"24 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass\",\"datePublished\":\"2025-01-07T11:58:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/\"},\"wordCount\":4829,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250107373175r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithium-americas-increases-mineral-resource-and-reserve-for-thacker-pass\\\/\",\"name\":\"Lithium Americas Increases Mineral Resource and Reserve for Thacker Pass - 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(TSX: LAC) (NYSE: LAC) (\u201cLithium Americas\u201dor the\u201cCompany\u201d)announced an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Humboldt County, Nevada (\u201cThacker Pass\u201d or the \u201cProject\u201d), including the release of an independent National Instrument 43-101 (\u201cNI 43-101\u201d) technical report (\u201cTechnical Report\u201d) entitled \u201cNI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d and an independent S-K 1300 technical report (the \u201cS-K 1300 Technical Report\u201d) entitled \u201cS-K 1300 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,\u201d both dated effective December 31, 2024. 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