Lithium Americas Corp. (TSX: LAC) (NYSE:
LAC) ("Lithium Americas" or the "Company") is pleased to
report the release of the Final Environmental Impact Statement
("
Final EIS") for the Thacker Pass lithium project
(“
Thacker Pass” or the “
Project”)
by the United States Bureau of Land Management
("
BLM"). Thacker Pass, located north of
Winnemucca, Nevada, USA, is 100% owned by Lithium Nevada Corp.
(“
Lithium Nevada”), a US corporation and
wholly-owned subsidiary of Lithium Americas.
“The publication of
the Final EIS is the culmination of more than a decade of work
studying, exploring and developing the Thacker Pass project,”
commented Jon Evans, President and CEO. “Thacker Pass has the
potential to provide future sources of high-quality lithium
chemicals critical for establishing a strong domestic lithium
supply chain required to support a low-carbon economy.”
Publication of the
Final EIS for Thacker Pass follows a comprehensive review of the
potential impacts of the Project, including alternatives and a full
examination of project and site-specific mitigation measures. Local
communities and tribes, Humboldt County, the State of Nevada, U.S.
Fish and Wildlife Service and the U.S. Environmental Protection
Agency were all eligible to participate in developing the scope and
content of the Final EIS for Thacker Pass.
The Final EIS is the
result of pre-planning work that included the early collection of
environmental baseline information, community and Native American
engagement, project re-design, and the initial submission of a
Conceptual Plan of Operations for agency consideration. The
Company’s water-protection permit applications were submitted in
mid-2020 and are being considered by the State.
The final step in the
Federal permitting process for Thacker Pass is the issuance of the
Record of Decision (“ROD”) by the BLM. The ROD is
expected to be issued in early 2021.
For more information
on the Final EIS please visit the BLM website at
https://eplanning.blm.gov/eplanning-ui/project/1503166/570.
Zero Emission
Transportation Association
In addition, Lithium
Americas is pleased to announce that it has joined a coalition made
up of 30 founding companies to launch the Zero Emission
Transportation Association (“ZETA”), an
organization dedicated to achieving 100% electric vehicle
(“EV”) sales in the United States by 2030.
Founding members are industry leaders in the EV space including
extractives, automotive and energy companies, whose values and
strategic interests support ZETA’s principles of EV adoption and
growth in the US. ZETA coordinates public education efforts and
federal policy development to promote EV adoption with the goal of
creating American electric vehicle manufacturing jobs, better
serving consumers, improving air quality and public health, and
significantly reducing carbon pollution.
For more information
on ZETA please visit their website at: www.zeta2030.org
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, permitting expectations
and expected future supply and quality thereof, and goals of
organizations the Company has joined.
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 DFS 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 DFS 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
position in a competitive environment; and a stable and supportive
legislative, regulatory and community environment.
Forward-looking information also involve 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 risk
associated with foreign operations, permitting risk, including
receipt of new permits and maintenance of existing permits, title
and access risk, 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.
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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