 LAC MEDIA AND MORE WEEKLY UPDATE March 7, 2025 |
Dear Humboldt County Neighbors, Welcome to the Thacker Pass Update for the week ending March 7, 2025. We want to keep you informed of the progress and welcome your input.  This week, our dedicated teams have been hard at work preparing for the next phases of building North America’s largest lithium project. Pictured above is one of High Mark Construction’s scrapers, used to cut and lay the general fill. On-Site Action: Sculpting the Landscape Sawtooth Mining: This week, our mining team has been focused on: Building the west ramp and access road Repairing haul roads after recent rain Clearing and preparing the construction laydown area for receiving equipment / materials to construct the project facilities, starting in Nov. 2025 Preparing a new access point near the NDOT cattle guards Leveling the alluvial stockpile (deposits of sand, gravel, clay and sediments) by moving and compacting materials to create a uniform surface that meets the project’s engineering requirements  Pictured above are 48-inch diameter plastic piping culverts that will be placed under the site entry road to allow stormwater to flow under the road to natural areas. Highmark Construction: Precision Earthmoving Our construction team continues to shape the future of Thacker Pass: Placing and compacting general fill on the eastern plant pad Carefully grading slopes on the southern plant pad Preparing the groundwork for ‘Volt Road’ – a name chosen to celebrate the site’s domestic energy production mission  Pictured above, Bechtel craft workers are clearing the old mine entrance. Union Craft Workers: Building Momentum Union workers are now on site and are crafting a new chapter. The main tasks recently accomplished include: Relocating the lunch facilities Setting up new environmentally approved portable generator systems Preparing additional parking areas (pictured) Managing site logistics and deliveries Assembling office equipment Cleaning SR 293 Controlling dust on site roads  Behind the Scenes: Project Preparations Engineering and Design Progress LAC and Bechtel engineering and key construction teams are working on a 3D computer generated model of the process plant for critical processing systems and constructability reviews Reviewing building layouts for pre-engineered metal buildings FOUNDATIONS FOR OUR WORKFORCE HUB TAKE SHAPE   Pictured at left is the development of the West Road. This is the road vehicles will use to access the parking lot and Workforce Hub housing platform. Pictured at right is the drainage ditch on the east side of the Workforce Hub housing pad. The drainage ditch will exist for the life of the Workforce Hub to drain runoff water. Workforce Hub Updates: Building Progress New developments taking shape: Rebar and formwork installation and backfill of the concrete foundations are in-progress Precast concrete for the kitchen area is being delivered Grounding wire placement is underway Project Highlights Installation of onsite sewer improvements and roadways Completion of the first backfill pile of approximately 35,000 cubic yards Workforce Hub concrete foundations approximately 25% complete Offsite waterline installation is approximately 50% complete Batch plant is scheduled for concrete pour and environmental testing Looking Ahead Module placement is scheduled to begin March 17 Water line installation continues Site inspections and precise engineering work is ongoing Regulatory and Permitting Thacker Pass is in regular communication with state and federal agencies regarding construction progress and safety and environmental compliance Community Commitment We remain dedicated to safety, environmental stewardship and keeping our community informed. Each day drives us closer to bringing sustainable, domestic lithium production to northern Nevada. OUR PARTNERS IN FORWARD LOOKING STATEMENTSCautionary Statement Regarding Forward-Looking Statements This newsletter contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements” within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively referred to as “FLS”)) and is subject to important risks and uncertainties (such statements are usually accompanied by 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, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved). FLS statements in this newsletter are intended to provide Lithium Americas Corp. (“LAC” or the “Company”) security holders and potential investors with information regarding the Company, including management’s assessment of LAC and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect LAC’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company’s control. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. The FLS contained in this newsletter is expressly qualified by these cautionary statements. All FLS in this newsletter speaks as of the date hereof. The Company does not undertake any obligation to update or revise any FLS, 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, if applicable, interim financial period, which are available on SEDAR+ and on EDGAR at https://www.sec.gov/. All FLS contained in this newsletter is expressly qualified by the risk factors set out in the aforementioned documents. |
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