Latest news with #ThackerPass
Yahoo
29-07-2025
- Business
- Yahoo
Lithium Americas Publishes 2024 ESG-S Report
VANCOUVER, British Columbia, July 29, 2025--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") has published its annual environmental, social, governance and safety ("ESG-S") report ("Report") for the period January 1 to December 31, 2024. The Report provides an overview of the Company's performance in key areas, including health and safety, environmental responsibility, community and stakeholder engagement, corporate governance and safeguarding our people, assets and communities as we execute on building Thacker Pass. "This Report outlines our 2024 ESG-S performance during initial ramp-up of construction at Thacker Pass," said Jonathan Evans, President and CEO. "We are advancing Thacker Pass, strengthening U.S. national security and creating economic benefits for American workers, companies and communities. Construction of Phase 1 of Thacker Pass is expected to create approximately 2,000 new jobs in northern Nevada, including 1,800 skilled labor contractors." Mr. Evans added, "In 2024, we cemented partnerships that set the financing foundation to advance Thacker Pass into major construction. Throughout the year, we increased our focus on safety with additional initiatives, training and management systems, adopted additional policies and procedures to strengthen our governance and continued to build on years of continuous engagement with our local neighbors." The Report was prepared in alignment with the Global Reporting Initiative ("GRI") Universal Standards (2021), the GRI 14: Mining Sector (2024), the Sustainability Accounting Standards Board's Metals and Mining Standards and the United Nations Sustainable Development Goals. The full Report can be found on the Company's website at Other reports and filings, including the Company's 2024 Annual Report on Form 10-K, are also available at ABOUT LITHIUM AMERICASLithium Americas is developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) 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 General Motors Holdings LLC (holding a 38% interest). The Company is focused on advancing Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Thacker Pass. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit or follow @LithiumAmericas on social media. FORWARD-LOOKING INFORMATIONThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, and "forward-looking statements" within the meaning of applicable United States securities legislation (collectively referred to as "forward-looking information" or "FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipate," "plan," "continues," "estimate," "expect," "may," "will," "projects," "predict," "proposes," "potential," "target," "implement," "scheduled," "forecast," "intend," "would," "could," "might," "should," "believe" and similar terminology. FLI in this news release includes, but is not limited to, statements related to Thacker Pass, including mineral resource and mineral reserve estimates, the design capacity thereof, the Company's focus on advancing Phase 1 toward production, expected job creation and the other anticipated benefits of Thacker Pass for U.S. national security, workers, companies and communities. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLI reflects the Company's current views about future events, and while considered reasonable by the Company as of the date of this news release, is inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that FLI will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: relationships between the Company and third party strategic and contractual partners; development, construction and operations at Thacker Pass proceeding as anticipated; the Company's ability to operate in a safe and effective manner; the Company's financial resources and future prospects; general business and economic conditions; settlement of agreements related to the operation and sale of mineral production and the operations and inputs required in the course of production; the benefits and impacts of Thacker Pass; unforeseen technological, engineering and operational problems; accuracy of development budgets and construction estimates; uncertainties inherent to feasibility studies and mineral resource and mineral reserve estimates; reliability of technical data; the receipt and maintenance of mining, exploration, environmental and other permits or approvals; government regulation and policy and changes thereto, including in respect of the mining industry, the green energy transition, the electric vehicle market, royalty rates and tax rates; demand for lithium; competition in the lithium business, and the Company's competitive position in the industry; changes to costs of production; support of key stakeholders; availability of technology, including low carbon energy sources and water rights, on acceptable terms; the impact of unknown financial contingencies, including litigation costs, title disputes or claims, environmental compliance costs and costs associated with the impacts of climate change or severe weather conditions; estimates regarding commodity prices, currency exchange rates, interest rates, inflation rates and competitive conditions. Readers are cautioned that the foregoing list of risks, assumptions and other factors is not exhaustive. 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. As such, readers are cautioned not to place undue reliance on this information. The FLI contained in this news release is expressly qualified by these cautionary statements. All FLI in this news release speaks as of the date hereof. 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's filings with securities regulators, including the Company's most recent Annual Report on Form 20-F and most recent management's discussion and analysis for our most recently completed financial year and the most recent interim financial period, which are available on SEDAR+ at and on EDGAR at View source version on Contacts INVESTOR CONTACT Virginia Morgan, VP, IR and ESG+1-778-726-4070ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-07-2025
- Business
- Business Wire
Lithium Americas Publishes 2024 ESG-S Report
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (' Lithium Americas ' or the ' Company ') has published its annual environmental, social, governance and safety ('ESG-S ') report (' Report ') for the period January 1 to December 31, 2024. The Report provides an overview of the Company's performance in key areas, including health and safety, environmental responsibility, community and stakeholder engagement, corporate governance and safeguarding our people, assets and communities as we execute on building Thacker Pass. 'This Report outlines our 2024 ESG-S performance during initial ramp-up of construction at Thacker Pass,' said Jonathan Evans, President and CEO. 'We are advancing Thacker Pass, strengthening U.S. national security and creating economic benefits for American workers, companies and communities. Construction of Phase 1 of Thacker Pass is expected to create approximately 2,000 new jobs in northern Nevada, including 1,800 skilled labor contractors.' Mr. Evans added, 'In 2024, we cemented partnerships that set the financing foundation to advance Thacker Pass into major construction. Throughout the year, we increased our focus on safety with additional initiatives, training and management systems, adopted additional policies and procedures to strengthen our governance and continued to build on years of continuous engagement with our local neighbors.' The Report was prepared in alignment with the Global Reporting Initiative (' GRI ') Universal Standards (2021), the GRI 14: Mining Sector (2024), the Sustainability Accounting Standards Board's Metals and Mining Standards and the United Nations Sustainable Development Goals. The full Report can be found on the Company's website at Other reports and filings, including the Company's 2024 Annual Report on Form 10-K, are also available at ABOUT LITHIUM AMERICAS Lithium Americas is developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) 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 General Motors Holdings LLC (holding a 38% interest). The Company is focused on advancing Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Thacker Pass. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit or follow @LithiumAmericas on social media. FORWARD-LOOKING INFORMATION This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, and 'forward-looking statements' within the meaning of applicable United States securities legislation (collectively referred to as 'forward-looking information' or 'FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as 'anticipate,' 'plan,' 'continues,' 'estimate,' 'expect,' 'may,' 'will,' 'projects,' 'predict,' 'proposes,' 'potential,' 'target,' 'implement,' 'scheduled,' 'forecast,' 'intend,' 'would,' 'could,' 'might,' 'should,' 'believe' and similar terminology. FLI in this news release includes, but is not limited to, statements related to Thacker Pass, including mineral resource and mineral reserve estimates, the design capacity thereof, the Company's focus on advancing Phase 1 toward production, expected job creation and the other anticipated benefits of Thacker Pass for U.S. national security, workers, companies and communities. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLI reflects the Company's current views about future events, and while considered reasonable by the Company as of the date of this news release, is inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that FLI will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: relationships between the Company and third party strategic and contractual partners; development, construction and operations at Thacker Pass proceeding as anticipated; the Company's ability to operate in a safe and effective manner; the Company's financial resources and future prospects; general business and economic conditions; settlement of agreements related to the operation and sale of mineral production and the operations and inputs required in the course of production; the benefits and impacts of Thacker Pass; unforeseen technological, engineering and operational problems; accuracy of development budgets and construction estimates; uncertainties inherent to feasibility studies and mineral resource and mineral reserve estimates; reliability of technical data; the receipt and maintenance of mining, exploration, environmental and other permits or approvals; government regulation and policy and changes thereto, including in respect of the mining industry, the green energy transition, the electric vehicle market, royalty rates and tax rates; demand for lithium; competition in the lithium business, and the Company's competitive position in the industry; changes to costs of production; support of key stakeholders; availability of technology, including low carbon energy sources and water rights, on acceptable terms; the impact of unknown financial contingencies, including litigation costs, title disputes or claims, environmental compliance costs and costs associated with the impacts of climate change or severe weather conditions; estimates regarding commodity prices, currency exchange rates, interest rates, inflation rates and competitive conditions. Readers are cautioned that the foregoing list of risks, assumptions and other factors is not exhaustive. 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. As such, readers are cautioned not to place undue reliance on this information. The FLI contained in this news release is expressly qualified by these cautionary statements. All FLI in this news release speaks as of the date hereof. 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's filings with securities regulators, including the Company's most recent Annual Report on Form 20-F and most recent management's discussion and analysis for our most recently completed financial year and the most recent interim financial period, which are available on SEDAR+ at and on EDGAR at
Associated Press
01-07-2025
- Business
- Associated Press
Questions over water rights could halt construction at Thacker Pass lithium mine
A dispute over water could jeopardize ongoing construction of what will eventually be the world's largest lithium mine. Lithium Americas Corporation filed an emergency motion Monday seeking clarification about whether it needs to stop pumping water to its Thacker Pass lithium mining project in Northern Nevada. Local rancher Edward Bartell has sued over the project, claiming the company's water pumping will harm his cattle operation. Nevada's state engineer had previously found that the company could move forward with its plans to pump water, but a judge partially reversed that finding. Then, last week, the state engineer issued a cease and desist letter to the Canada-based mining company. In lieu of a legal clarification of the previous decision, Lithium Americas is asking for a limited stay — or temporary suspension — that would allow it to proceed with construction. 'The ruling never mentions … that pumping needs to be halted,' said Tim Crowley, vice president of government and external affairs at Lithium Americas. 'We don't think the judge intended that result.' Thacker Pass is the largest known lithium resource and reserve in the world. The company needs about 200 acre-feet of water per year during construction, which will continue through 2027. An acre-foot of water is enough to cover roughly a football field with water 1 foot deep or to supply roughly two urban households with indoor and outdoor water needs for a year. Once in production, the company will require about 2,600 acre-feet of water per year. If the emergency motion is denied, the company said in its filing that it will be 'irreparably harmed,' as will the people who are, and plan to be, employed by the company. During construction, the company expects to employ close to 2,000 people. 'We need water to move forward with construction,' Crowley said, noting that construction has been at 'full bore' on the $3 billion project since receiving its final investment decision in April, with plans to 'go vertical with steel' as soon as August. Construction costs total more than $1 million per day. The company is asking for the court to issue its decision by July 7, as that's when the state engineer expects compliance with the cease and desist letter. The company is also working on ways to secure water temporarily, Crowley said, although he declined to provide details. 'We are confident we are not going to have to stop construction,' he said. Bartell, the rancher who filed the suit that led to the order for the company to stop pumping, told The Nevada Independent in a brief call that 'obviously we're going to challenge (the company's emergency motion).' Timeline Thacker Pass is in a mountainous area northwest of Winnemucca; extraction companies have eyed Thacker Pass since the 1970s, when lithium was found at the site. In 2007, the company that is now Lithium Americas renewed exploration at the site, and in 2020, the company submitted its environmental impact statement to the Bureau of Land Management (BLM). That same year, Lithium Americas filed an application seeking to move permitted water rights it had previously obtained in the Quinn River Valley closer to the mine site, which sits to the west of the valley. Bartell protested, claiming the change application would conflict with his existing water rights. The BLM approved permits for Thacker Pass in 2021 during the final days of President Donald Trump's first administration, allowing the mining project to move forward, and ultimately, the state engineer granted Lithium America's request to relocate its water rights, as long as it kept them within the Quinn River Valley. Lithium Americas adapted to that limitation by constructing an 8-mile-long pipeline to move the water uphill from the valley to the mine site. In March 2023, Bartell filed a petition for judicial review; the matter didn't receive an oral hearing until February of this year. On April 10, the Sixth Judicial District Court of Nevada issued an order reversing the state engineer's decision on two of the five water rights claims brought forth in the matter, returning them to application status. In the ruling, the court pointed out that the state engineer's determination that the company's effects to Bartell's water rights and cattle operation 'is not rooted in scientific fact' because it had 'assumed' — rather than scientifically determining — there was enough water in two of the five contested claims. On April 28, the state engineer issued a letter to Lithium Americas alerting the company that permits for two wells had been returned to application status following the ruling. The state engineer asked the company for additional information that would help 'develop a more thorough understanding of the water sources' related to the claims, including data such as flow measurements or pumping test data. On June 4, staff from the Nevada Division of Water Resources (DWR) found during an investigation of Lithium America's property that the company was still pumping water. On June 17, DWR received a letter from Bartell containing photographs showing the company continued to pump water following the June 4 investigation. Meter readings on file with the division confirm that water was pumped from the well since the April ruling. On June 20, DWR issued a letter to the company stating that 'the State Engineer hereby directs LNC to immediately CEASE AND DESIST any further pumping from the Quinn #1 well. The State Engineer likewise hereby notifies LNC that it is prohibited from pumping water from any other well that is proposed as a point of diversion under the above-mentioned applications, including but not limited to the Quinn #2 well.' Crowley confirmed to The Nevada Independent that the company continues to pump water from the wells while it comes up with an alternative. 'Our interpretation of the cease and desist order is we have 14 days to comply, and no one from the state has suggested that we're wrong,' Crowley said. Ongoing legal challenges The cease and desist order is the latest in a line of legal challenges that has plagued the lithium project. In 2021, a slew of environmental groups filed a joint lawsuit alleging the BLM violated various federal acts by approving the mine's environmental impact statement and another suit filed by the Reno-Sparks Indian Colony and other Indigenous people alleged the BLM violated the National Historic Preservation Act. Bartell also sued, alleging the BLM violated the Endangered Species Act by failing to consider the mine's effects on Lahontan cutthroat trout and other various environmental concerns. The suit stood in apparent opposition to a suit he'd filed just two years earlier — not related to the mine — against a project aimed at preserving the trout. In that suit, he objected to the agency's 2017 decision to allow the Nevada Department of Wildlife to apply rotenone, a type of fish poison, to eradicate non-native brook trout in a portion of Falls Canyon Creek in an effort to restore threatened Lahontan cutthroat trout. The three suits were dismissed. In 2023, the Reno-Sparks Indian Colony and two other tribes filed a new suit alleging the BLM didn't consult with them before the project and withheld historical information. That suit also was dismissed. ___ This story was originally published by The Nevada Independent and distributed through a partnership with The Associated Press.
National Post
12-06-2025
- Business
- National Post
Lithium Americas Reports 2025 Annual and Special Meeting Results
Article content VANCOUVER, British Columbia — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (' Lithium Americas ' or the ' Company ') announced the results from its annual and special meeting of shareholders held on June 11, 2025 (the ' Meeting '). Each of the following eight nominees was elected as a director of the Company: Article content Director Nominees Votes For Votes Withheld Kelvin Dushnisky 48,803,883 (94.19%) 3,008,880 (5.81%) Michael Brown 50,599,180 (97.66%) 1,213,583 (2.34%) Fabiana Chubbs 50,208,428 (96.90%) 1,604,335 (3.10%) Jonathan Evans 50,596,958 (97.65%) 1,215,805 (2.35%) Dr. Yuan Gao 48,676,931 (93.95%) 3,135,832 (6.05%) Zach Kirkman 46,944,510 (90.60%) 4,868,253 (9.40%) Jinhee Magie 48,777,066 (94.14%) 3,035,697 (5.86%) Philip Montgomery 49,306,513 (95.16%) 2,506,250 (4.84%) Article content Article content Final voting results on all matters voted on at the Meeting will be filed on SEDAR+ ( and EDGAR ( and posted to the Investors section of the Company's website at Article content ABOUT LITHIUM AMERICAS Article content Lithium Americas is developing the Thacker Pass project (' Thacker Pass ' or the ' Project ') located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a joint venture between Lithium Americas (holding a 62% interest and the manager of the Project) and General Motors Holdings LLC (holding a 38% interest). Lithium Americas' shares are listed on the NYSE and the TSX under the symbol 'LAC'. Article content Article content Article content Article content Article content Article content
National Post
15-05-2025
- Automotive
- National Post
Lithium Americas Reports First Quarter 2025 Results
Article content VANCOUVER, British Columbia — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (' Lithium Americas ' or the ' Company ') announced that it has filed its Quarterly Report on Form 10-Q, which includes the Company's consolidated interim financial statements (' Financials ') for the three months ended March 31, 2025 (' Q1 2025 '), and provided an update on its Thacker Pass lithium project in Humboldt County, Nevada (' Thacker Pass ' or the ' Project '). Article content Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, 'Major construction has commenced at Thacker Pass and the first significant construction milestone was achieved the first week of May 2025 with the initial placement of permanent concrete in the processing plant area. The site has undergone transformational change over the past year and there is excitement amongst our stakeholders and partners as we build one of North Americas largest lithium operations.' Article content As of March 31, 2025, the Company had approximately $446.9 million in cash and restricted cash. During the quarter ended March 31, 2025, $78.2 million of construction capital costs and other project-related costs were capitalized. Subsequent to Q1 2025 on April 1, 2025, the Company closed the previously announced strategic investment of $250 million from fund entities managed by Orion Resource Partners LP (collectively, ' Orion '), for the development and construction of Phase 1 of Thacker Pass (' Orion Investment '). With the Orion Investment, Lithium Americas has achieved fully funded status for the development of Phase 1 of Thacker Pass at the project and corporate level for the duration of construction. Contemporaneously with closing the Orion Investment on April 1, 2025, the Company and General Motors Holdings LLC (' GM ') announced the final investment decision (' FID ') for construction of Phase 1 of Thacker Pass. On declaring FID, GM and Lithium Americas contributed $100 million and $191.6 million in cash to the joint venture between GM and the Company (the ' JV '), respectively. The Company currently expects to make the first draw on the previously announced $2.26 billion loan from the U.S. Department of Energy (the ' DOE Loan ') sometime in the third quarter of 2025 (' Q3 2025 '). Article content Completion of Phase 1 of Thacker Pass is targeted for late 2027. Project engineering and procurement continue in line with the project schedule to support construction. Major construction has begun at Thacker Pass, with earthworks almost complete and permanent concrete placement in the processing plant area commenced in early May 2025. As of March 31, 2025, detailed engineering was over 60% design complete and expected to increase to over 90% design complete by year end 2025. The higher level of detailed engineering at the early stages of construction helps de-risks execution in terms of project schedule and cost. In April 2025, fabrication of the structural steel to be used to build the facilities at Thacker Pass commenced. First steel installation is targeted to commence in September 2025. Manufacturing of all long-lead equipment awarded continues to advance with expected delivery in line with the project schedule. During Q1 2025, the first modular housing units were installed at the workforce hub, the Company's all-inclusive housing facility for construction workers in Winnemucca (the ' Workforce Hub '). First occupancy of the Workforce Hub is targeted for the second half of 2025. The Company recently submitted a Plan of Operations to the Bureau of Land Management to build a limestone quarry named Western Quarry, approximately one hour drive from Thacker Pass via national and state highways. Western Quarry is being planned as a source of local, lower cost limestone, a reagent used in the Thacker Pass processing flowsheet to produce battery-quality lithium carbonate. Article content Mr. Evans added, 'The Company continues to review its potential exposure to the fluid tariff announcements. Our teams are working toward limiting the effect of any potential tariff or trade disputes on our construction supply chain. Approximately 75% of the Company's total capital project cost structure relates to labor, contractors and other services which are not expected to be directly affected by any of the potential tariffs or trade disputes.' Article content The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Growth and Product Strategy of the Company, and a 'qualified person' as defined under National Instrument 43-101 and Subpart 1300 of Regulation S-K under the United States Securities Act of 1933, as amended. Article content During Q1 2025, net loss increased due to higher general and administrative expenses reflecting continuing transition to domestic filer status, increased reporting obligations under the DOE Loan and higher transaction costs reflecting increased financing activities that concluded with the Orion Investment. Article content During Q1 2025, total assets decreased reflecting the use of cash for payment of transaction costs and other payables accrued at December 31, 2024. Article content This news release should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, available on the Company's issuer profile on EDGAR at SEDAR+ at and on the Company's website at Article content Lithium Americas is committed to responsibly developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a JV 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 Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 t/y of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's 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' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit or follow @LithiumAmericas on social media. Article content This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, and 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as ' forward-looking statements ' or ' FLS '). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as 'anticipate,' 'plan,' 'continue,' 'estimate,' 'expect,' 'may,' 'will,' 'project,' 'predict,' 'propose,' 'potential,' 'target,' 'implement,' 'schedule,' 'forecast,' 'intend,' 'would,' 'could,' 'might,' 'should,' 'believe' and similar terminology, or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved. FLS in this news release includes, but is not limited to: statements relating to the anticipated sources and uses of funds to complete project financing, statements relating to the JV, the DOE Loan and the Orion Investment, including statements regarding satisfaction of draw-down conditions on the DOE Loan and expected timing for first draw-down on the DOE Loan; expectations and timing on the commencement of major construction and first production; project de-risking initiatives and the extent to which work to date has de-risked project execution; the expected operations, financial results and condition of the Company; the Company's future objectives and strategies to achieve those objectives, including the future prospects of the Company; the estimated cash flow, capitalization and adequacy thereof for the Company; the estimated costs of the development of Thacker Pass, including timing, progress, approach, continuity or change in plans, construction, commissioning, milestones, anticipated production and results thereof and expansion plans; cost and expected benefits of the transloading terminal; anticipated timing to resolve, and the expected outcome of, any complaints or claims made or that could be made concerning the permitting process in the United States for Thacker Pass; the timely completion of environmental reviews and related consultations, and receipt or issuance of permits and approvals, in the United States for the Company's development and resultant operations; capital expenditures and programs; estimates, and any change in estimates, of the mineral resources and mineral reserves at Thacker Pass; development of mineral resources and mineral reserves; the realization of mineral resources and mineral reserves estimates, including whether certain mineral resources will ever be developed into mineral reserves, and information and underlying assumptions related thereto; government regulation of mining operations and treatment under governmental and taxation regimes; the future price of commodities, including lithium; the creation of a battery supply chain in the United States to support the electric vehicle market; the timing and amount of future production, currency exchange and interest rates; the Company's ability to raise capital; expected expenditures to be made by the Company on Thacker Pass; statements relating to revised capital cost estimates; ability to produce high purity battery grade lithium products; 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 timing, cost, quantity, capacity and product quality of production at Thacker Pass; successful development of Thacker Pass, including successful results from the Company's testing facility and third-party tests related thereto; statements with respect to the expected economics of Thacker Pass, including capital costs, operating costs, sustaining capital requirements, after tax net present value and internal rate of return, pricing assumptions, payback period, sensitivity analyses, net cash flows and life of mine; anticipated job creation and the completion of the Workforce Hub; the expectation that the National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Phase 1 of Thacker Pass will minimize construction risk, ensure availability of skilled labor, address the challenges associated with Thacker Pass' remote location and be effective in prioritizing employment of local and regional skilled craft workers, including members of underrepresented communities; the expected workforce development training program being prepared with Great Basin College; the Company's commitment to sustainable development, minimizing the environmental impact at Thacker Pass and plans for phased reclamation during the life of mine including use benefits of growth media; ability to achieve capital cost efficiencies; as well as other statements with respect to management's beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Article content FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company's 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 and other factors upon which such FLS is based include, without limitation: expectations regarding Phase 2 of Thacker Pass, including financing; the ability of Lithium Nevada LLC (' LN ') to draw-down on the DOE Loan on the anticipated timeline, or at all, and the absence of material adverse events affecting the Company during the construction of the Project; the ability of LN to satisfy all draw-down conditions for the DOE Loan in a timely manner; the ability of the Company to perform conditions and meet expectations regarding the Company's financial resources and future prospects; the ability to meet future objectives and priorities; a cordial business relationship between the Company and third party strategic and contractual partners; unforeseen technological and engineering problems; changes in general economic and geopolitical conditions, including as a result of regulatory changes by the current presidential administration and potential changes in United States trade policy, including the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments and the resulting consequences on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; uncertainties inherent to feasibility studies in the NI 43-101 Technical Report and S-K 1300 Technical Report and mineral resource and mineral reserve estimates; the mine processing facilities, based on the results of the testing facility and third-party tests, performing as expected; the ability of the Company to secure sufficient additional financing, advance and develop Thacker Pass, and to produce battery grade lithium; the respective benefits and impacts of Thacker Pass when production operations commence; 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's ability to operate in a safe and effective manner, and without material adverse impact from the effects of climate change or severe weather conditions; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; demand for lithium, including that such demand is supported by growth in the electric vehicle market and lithium-ion battery market; current technological trends; the impact of increasing competition in the lithium business, and the Company's competitive position in the industry; continuing support of local communities and the Fort McDermitt Paiute and the Shoshone Tribe in relation to Thacker Pass, and continuing constructive engagement with these and other stakeholders, including any expected benefits of such engagement; risks related to cost, funding and regulatory authorizations to develop the Workforce Hub; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; impacts of inflation, deflation, currency exchange rates, interest rates and other general economic and stock market conditions; the impact of unknown financial contingencies, including litigation costs, environmental compliance costs and costs associated with the impacts of climate change, on the Company's operations; increased attention to environmental, social, governance and safety and sustainability-related matters; risks related to the Company's 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 'greenwashing,' (i.e., misleading information or false claims overstating potential sustainability-related benefits); risks that the Company may face regarding potentially conflicting initiatives from certain U.S. state or other governments; estimates of and unpredictable changes to the market prices for lithium products; development and construction costs for Thacker Pass, and costs for any additional exploration work at the Project; estimates of mineral resources and mineral reserves, including whether mineral resources not included in mineral reserves will be further developed into mineral reserves; some of the modifying factors used to convert mineral resources to mineral reserves may change materially, and could materially impact the mineral reserve estimate; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of ongoing supply chain disruptions and availability of equipment and supplies on such timing; timely responses from governmental agencies responsible for reviewing and considering the Company's permitting activities at Thacker Pass; availability of technology, including low carbon energy sources and water rights, on acceptable terms to advance Thacker Pass; government regulation of mining operations and mergers and acquisitions activity, and treatment under governmental, regulatory and taxation regimes; ability to realize expected benefits from investments in or partnerships with third parties; accuracy of development budgets and construction estimates; that the Company will meet its future objectives and priorities; that the Company will have access to adequate capital to fund its future projects and plans; that such future projects and plans will proceed as anticipated; compliance by LN and GM with terms of the JV agreements and the ability of LN and GM to fund their share of funding obligations for Thacker Pass; the lack of any material disputes or disagreements between LN and GM; the regulation of the mining industry by various governmental agencies; 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 FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. Article content Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLS 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's actual results could differ materially from those anticipated in any FLS as a result of the risk factors set out herein, and in the Company's other continuous disclosure documents available on SEDAR+ at and EDGAR at Readers are further cautioned to review the full description of risks, uncertainties and management's assumptions in the aforementioned documents and other disclosure documents available on SEDAR+ and on EDGAR. Article content Article content Article content Article content Contacts Article content Article content Article content
