Lithium Americas Submits Formal Application for Department of Energy’s ATVM Loan Program

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VANCOUVER, April 14, 2022 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce that the Company has submitted a formal application to the U.S. Department of Energy (“DOE”) Office of Lending Programs (“PLO”) for funding to be used in its 100% owned Thacker Pass lithium project in Humboldt County, Nevada (“Thacker pass”) through the Advanced Technology Vehicle Manufacturing Loan Program (“ATVM loan program”). The ATVM Loan Program is designed to provide loans to facilities located in the United States for the manufacture of advanced technology vehicles and qualifying components used in those vehicles.

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“Thacker Pass is a unique, large-scale, late-stage lithium project that represents one of the most significant opportunities to create a national lithium supply chain to support electric vehicle production in the United States. said Jonathan Evans, President and CEO. “We are pleased to submit our official loan request and look forward to moving forward with the ATVM loan program process to accelerate the development of Thacker Pass. We are very pleased to become one of the nation’s leading suppliers of critical materials to support the growth of the nation’s battery and electric vehicle industry in response to increased US consumer demand and interest.

The submission does not guarantee that Lithium Americas will obtain funding from the ATVM loan program and additional steps remain in the process.

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About Lithium Americas

Lithium Americas is focused on advancing lithium projects in Argentina and the United States toward production. In Argentina, Caucharí-Olaroz is progressing to first production and Pastos Grandes represents regional growth. In the United States, Thacker Pass has received its Record of Decision and is moving towards construction. The Company is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “LAC”.

For more information, contact:
Investor Relations
Phone: 778-656-5820
Email: [email protected]
Website: www.lithiumamericas.com

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of applicable United States securities laws and “forward-looking information” under applicable Canadian securities laws (collectively, “forward-looking statements”). . These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company, its projects or the results of the industry to be materially different from the results, future performance or achievement expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, ” plans”, “anticipates”, “estimates”. ”, “planned”, “expect”, “predict” and other similar terms, or indicate that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be reached. These statements reflect the Company’s current expectations regarding future events, financial or operating performance and results, and speak only as of the date of this release. These statements include, but are not limited to, expectations regarding the development status of the Company’s projects, the expected potential benefits of the Thacker Pass project for the creation of a battery supply chain in the United States and the resulting benefits to the Company, the outcome of the Company’s loan application filed with the DOE, the completion of a feasibility study for the Thacker Pass Project, the ability to advance the Thacker Pass Project to expected production and product quality, plans for regional operations in Argentina and expected construction completion of the Caucharí-Olaroz project, and plans regarding strategic alternatives to finance the Thacker Pass project.

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Forward-looking statements involve significant risks and uncertainties, should not be construed as guarantees of future performance or results, and will not necessarily be accurate indicators of whether or not those results will be achieved. A number of factors could cause actual results to differ materially from results discussed in any forward-looking statements or information, including, but not limited to, risks associated with developing mining projects, achieving milestones and planned budgets as planned and compliance with planned deadlines. ; the results of the Company’s engineering, design and permitting program for the Thacker Pass project, including the Company’s adherence to schedules and the receipt and maintenance of permits as planned; the timing, results and completion of a feasibility study and making a construction decision for the Thacker Pass project, including estimated capital and operating costs; the successful development of the Company’s projects and its ability to produce battery-grade lithium; changes in the availability of loan funding, evaluation criteria, or government policies regarding DOE loan application; risks associated with the novel nature of the deposit at Thacker Pass; the Company’s ability to simultaneously advance multiple lithium projects to production and integrate newly acquired operations into its business; availability of strategic alternatives to the Company and on satisfactory terms; the risks inherent in litigation that could lead to additional unforeseen delays or unfavorable decisions for the Company or its projects; maintain the support of local communities in the regions where the Company’s projects are located; changing social perceptions and their impact on project development and litigation; continued global supply chain disruptions and their impact on the development of the Company’s projects; availability of personnel, supplies and equipment; the impact of inflation on the Company, its projects and their economic feasibility; expectations and anticipated impact of COVID-19 on the Company and its mineral properties; unexpected changes in the market price of the Company’s shares; changes to Lithium Americas’ current and future business plans and strategic alternatives available to Lithium Americas; changes in government policies and priorities; general stock market conditions; lithium demand, supply and pricing; and general economic and political conditions in Canada, the United States, Argentina and other jurisdictions where Lithium Americas does business. Additional information about these assumptions and risks and uncertainties is contained in the Company’s filings with securities regulatory authorities, including the Company’s most recent Annual Information Form and the most recent MD&A for the last financial year and interim financial period of the Company, which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

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Although the forward-looking statements contained in this release are based on what management of the Company believes to be reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.

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