Lithium Americas Corp. - LAC STOCK NEWS

Lithium Americas Corp. (TSX: LAC, NYSE: LAC) announced the results of its annual shareholder meeting held on June 21, 2022. Shareholders approved several key items, including:

• Setting the Board of Directors at nine members.
• Electing nine incumbent directors.
• Reappointing PricewaterhouseCoopers LLP as auditors.
• Passing a non-binding advisory vote on executive compensation.

Voting results showed strong support for all resolutions, with over 96% approval for the advisory vote on executive compensation.

Lithium Americas Corp. (LAC) has announced a technical collaboration with Arena Minerals Inc. to optimize development in the Pastos Grandes basin, Argentina. This agreement aims to share technical knowledge, explore processing technologies, and develop a resource model to enhance lithium extraction efficiencies. The collaboration emphasizes sustainable development and community engagement. Key elements include joint data sharing and infrastructure utilization, although no intellectual property will be exchanged. Both companies are focused on advancing their lithium projects amidst the growing demand for lithium products.

Lithium Americas Corp. (LAC) announced its Q1 2022 results, reporting a net loss of $46.1 million compared to $10 million in Q1 2021. The company has spent $605 million of its $741 million budget on its Caucharí-Olaroz project, which is nearing completion. It also made a $360 million acquisition of the Pastos Grandes project. In the U.S., LAC is advancing the Thacker Pass project, with a feasibility study in progress. The company holds $492 million in cash and has additional credit. A key environmental permit was issued in February for Thacker Pass.

Lithium Americas Corp. (LAC) has entered an agreement to acquire shares of Green Technology Metals Ltd. (GT1) for a total of US$10 million. This investment is part of a larger share placement, with LAC expected to hold about 5% of GT1 upon completion. The collaboration aims to enhance the North American lithium supply chain, focusing on advancing GT1's Ontario Lithium Projects and developing processing for battery-grade lithium chemicals. The partnership leverages both companies' expertise in lithium production and processing.

Lithium Americas Corp. (NYSE: LAC) announced on April 14, 2022, that it has submitted a formal loan application to the US Department of Energy's Loan Programs Office for funding related to its Thacker Pass lithium project in Nevada. This project aims to build a domestic lithium supply chain for electric vehicle production. CEO Jonathan Evans emphasized the project's significance in supporting US battery and EV industries. However, securing funding is not guaranteed, and further steps are required in the application process.

Lithium Americas Corp. (TSX: LAC, NYSE: LAC) reported its fourth-quarter and annual financial results for 2021. Construction of the Caucharí-Olaroz project is 85% complete, with commissioning expected in H2 2022. Total capital costs have risen to $741 million, reflecting increased manpower and inflationary pressures. The company acquired Millennial Lithium Corp. for $390 million, expanding its operations in Argentina. As of December 31, 2021, the company reported $511 million in cash, with a net loss of $38.5 million for 2021. Key environmental permits for the Thacker Pass project were issued in early 2022.

Lithium Americas Corp. (LAC) announced on February 28, 2022, that it submitted a draft application for funding from the U.S. Department of Energy to support its 100%-owned Thacker Pass lithium project in Nevada. This project aims to bolster the domestic lithium supply chain for electric vehicles. The company received final key state permits for Thacker Pass and is exploring a separation of its U.S. and Argentina operations to enhance strategic focus. The Caucharí-Olaroz project in Argentina is also nearing completion, positioning the company for future growth.

Lithium Americas Corp. has received the final key state-level permits for its Thacker Pass lithium project in Nevada. The approved permits include the Water Pollution Control Permit, Mine Reclamation Permit, and Class II Air Quality Operating Permit, allowing advancement towards construction. The company aims to support the growing electric vehicle market through a US-based battery supply chain. Despite previous appeals against its Record of Decision, recent approvals position the project for future development.