Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium
Americas" or the "Company") is pleased to announce that
the United States Bureau of Land Management
("
BLM") has issued the Record of Decision
(“
ROD”) for the Thacker Pass lithium project
(“
Thacker Pass” or the “
Project”)
following completion of the National Environmental Policy Act
(“
NEPA”) process. Thacker Pass, located 100 km
northwest of Winnemucca, in Humboldt County, Nevada, is 100% owned
by Lithium Nevada Corp. (“
Lithium Nevada”), a US
corporation and wholly-owned subsidiary of Lithium Americas.
“The issuance of the
ROD is the culmination of over 10 years of hard work from the
Thacker Pass team, as well as the BLM and other federal, state and
local agencies, all of whom worked tirelessly to ensure their
respective commitments to environmental stewardship and community
engagement,” commented Jon Evans, President and CEO. “With the
federal permitting process complete, our focus is on advancing the
financing process including discussions with potential strategic
partners.”
Receipt of the ROD
represents an important milestone in the development and the
permitting of the Thacker Pass Project. Applications for key state
permits and water rights transfers have been submitted, with
results expected later this year.
About Lithium Americas:
Lithium Americas is a development-stage company
with projects in Jujuy, Argentina and Nevada, USA. The
Company trades on both the Toronto Stock Exchange and on the New
York Stock Exchange, under the ticker symbol “LAC”.
For further information contact:Lithium Americas
Corp.Investor RelationsSuite 300 – 900 West Hastings
StreetVancouver, BC, V6C 1E5Telephone: 778-656-5820Email:
ir@lithiumamericas.comWebsite: www.lithiumamericas.com
Forward-Looking Statements:
This news release contains “forward-looking
information” and “forward-looking statements” (which we refer to
collectively as forward-looking information) under the provisions
of applicable securities legislation. All statements, other than
statements of historical fact, are forward-looking information.
Examples of forward-looking information in this news release
include, among other things, statements related to: development of
the Thacker Pass project, including timing and permitting
expectations.
Forward-looking information is based upon a
number of factors and assumptions that, if untrue, could cause the
actual results, performances or achievements of the Company to be
materially different from future results, performances or
achievements expressed or implied by such information. Such
information reflects the Company’s current views with respect to
future events and is necessarily based upon a number of assumptions
that, while considered reasonable by the Company today, are
inherently subject to significant uncertainties and contingencies.
These assumptions include, among others: expected budgets, capital
expenditures and programs for the Company’s projects; estimates of
the mineral resources and reserves at its properties; development
of mineral resources and reserves; government regulation of mining
operations and treatment under governmental and taxation regimes;
the timing and amount of future production; currency exchange and
interest rates; the Company’s ability to raise capital; exploration
of financing options and a potential joint venture partner for
Thacker Pass; the timing, cost, quantity, capacity and product
quality of production at the Thacker Pass project; results of the
Company’s engineering, design permitting program at the Thacker
Pass project, including that the Company meets deadlines set forth
herein and receives permits as anticipated; successful results from
the Company’s testing facility and third-party tests related
thereto; capital costs, operating costs, sustaining capital
requirements, timing, results and completion of the Thacker Pass
feasibility study; funding of project permitting and feasibility
study costs for the Thacker Pass project; ability to achieve
capital cost efficiencies; the effect of current or any additional
regulations on the Company’s operations; forecasted demand for
lithium products, including pricing thereof; the Company’s ability
to fund, advance and develop the Caucharí-Olaroz project and the
Thacker Pass project into production, including results therefrom
and timing thereof; the impacts of COVID-19 globally and in the
jurisdictions in which we operate, and on the availability and
movement of personnel, supplies and equipment; timing of regulatory
approvals and permits, and on third parties we are in a contractual
relationship with regarding the preparation of the feasibility
study and with respect to construction activities at the
Caucharí-Olaroz project; accuracy of mineral resources, including
whether such mineral resources can ever be converted into reserves;
reliability of technical data, accuracy of current budget and
construction estimates; that pending patents will be approved;
ability to achieve commercial production; the share price and
demand for our common stock; general economic conditions;
maintenance of a positive business relationship with co-owners;
timely responses from governmental agencies responsible for
reviewing and considering the Company’s permitting activities; the
Company’s position in a competitive environment; and a stable and
supportive legislative, regulatory and community environment.
Forward-looking information also involves known
and unknown risks that may cause actual results to differ
materially. These risks include, among others, inherent risks in
the development of capital intensive mineral projects (including as
co-owners), variations in mineral resources and mineral reserves,
global demand for lithium, recovery rates and lithium pricing,
risks associated with successfully securing adequate financing,
changes in project parameters and funding thereof, risks related to
growth of lithium markets and pricing for products thereof, changes
in legislation, governmental or community policy, political risks
associated with foreign operations, permitting risks, including
receipt of new permits and maintenance of existing permits, title
and access risks, cost overruns, unpredictable weather and
maintenance of natural resources, unanticipated delays,
intellectual property risks, currency and interest rate
fluctuations, operational risks, health and safety risks, and
general market and industry conditions. Additional risks,
assumptions and other factors are set out in the Company’s
management discussion analysis and most recent annual information
form, copies of which are available on SEDAR at www.sedar.com and
on the SEC’s website at www.sec.gov.
Although the Company has attempted to identify
important risks and assumptions, given the inherent uncertainties
in such forward-looking information, there may be other factors
that cause results to differ materially. Forward-looking
information is made as of the date hereof and the Company does not
intend, and expressly disclaims any obligation to, update or revise
the forward-looking information contained in this news release,
except as required by law. Accordingly, readers are cautioned not
to place undue reliance on forward-looking information.
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