Lithium Americas signs community benefit agreement with Fort McDermitt Paiute and Shoshone Tribe, The Canadian Business Journal

VANCOUVER, British Columbia, October 20, 2022 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“lithium american” or “Company”) is pleased to announce that it has entered into a community benefit agreement (“CBA”) Fort McDermitt Paiute and the Shoshone (“tribe”). The Tribe is located approximately 40 miles from the Thacker Pass project in Humboldt County, Nevada.tucker pass” or “plan”). The CBA establishes a framework for ongoing collaboration and defines the long-term interests of the tribe, the largest Native American community near the project.

Jonathan Evans, President and CEO, said: “Signing to the CBA is a testament to our commitment to going beyond regulatory requirements and building constructive relationships with the communities closest to our projects. Our focus is on providing vocational training to prepare tribe members for long-term careers that support families, which is essential to the chain’s development.”

CBA is the result of years of commitment, training, and relationship building between the company and the tribe. CBA provides additional training and employment opportunities for the tribes and supports cultural education and preservation. Additionally, the company agreed to build her 8,000-square-foot community center for the tribe. This includes daycares, kindergartens, playgrounds, cultural facilities, and communal greenhouses to support landfill efforts and provide income for the tribe.

During the summer, Far Western Anthropological Research Group, Inc.far western) completed cultural work on approximately 13,000 acres at Sucker Pass with supervision and support from members of the tribe. Cultural activities were a key requirement of the National Environmental Policy Act (“Nepa”) and no areas of archaeological significance were found in the project.

We are proceeding with all areas necessary to support the start of construction, such as the final selection of designers, procurement, and construction management (“EPCM”) Evaluating Contractors, Partnerships and Supply Agreements, and Proceeding with the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program. The Company has obtained all necessary federal and state environmental permits to begin construction and is awaiting a decision on appeal to the Bureau of Land Management regarding the issuance of a decision record. After the completion of the August 11, 2022 briefing, the United States District Court for the District of Nevada (“federal court”) has scheduled an oral hearing on January 5, 2023.

About Lithium America
Lithium Americas is focused on bringing lithium projects to production in Argentina and the United States. In Argentina, Caucharí-Olaroz is on its way to first production and Pastos Grandes represents regional growth. In the US, Thacker Pass has received record of approval and is moving towards construction. The company trades on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol “LAC.”

For more information, please contact:
PR for investors
Phone: +1-778-656-5820
Email: [email protected]
Website: www.lithiumamericas.com

Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) as defined by applicable securities laws. I’m here. All statements other than statements of historical fact are forward-looking information. Examples of forward-looking information contained in this news release include, among other things, the following statements: Continued tribal support for the project. Planning to exceed regulatory requirements. our ability to fund development programs through debt or equity financing, including government loan programs; Anticipated timing and outcome of any litigation or regulatory process regarding the Thacker Pass project. We maintain permits to keep the project on track.

Forward-looking information is based on a number of factors and assumptions that, if not true, may cause our actual results, performance or achievements to differ from future results or performance expressed or implied by such information. , or may differ materially from the results. Such information reflects our current views regarding future events and is necessarily based on many assumptions. These assumptions, which we currently believe to be reasonable, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others: our ability to fund, advance and develop the Caucharí-Olaroz and Thacker Pass projects and raise additional capital as needed (including as a result of our loan applications to the U.S. Department of Energy); uncertainties regarding obtaining and maintaining mining, exploration, environmental and other permits or approvals in Nevada and Argentina, and the resolution of complaints or lawsuits relating to such environmental permitting processes; stability in the jurisdictions in which we operate; A supportive legislative, regulatory, and community environment. Exploration, development and construction costs for the Caucharí-Olaroz and Thacker Pass projects. This includes the accuracy of capital cost, operating cost and maintenance capital estimates. estimates of mineral resources and mineral reserves, including whether mineral resources will be developed into mineral reserves; reliability of technical data; unknown financial contingencies, including the costs of litigation and regulatory processes; impact on Advances and changes in technology. Lithium demand, including fueled by the continued growth of the electric vehicle market. the impact of increased competition in the lithium business and our competitiveness in the industry; Preparing a development plan and feasibility study for lithium production in the Thacker Pass project. Our current and future business plans and strategic alternatives available to us. The impact of inflation on our projects and cost estimates. exchange rates and interest rates; general economic and stock market conditions;

Forward-looking information also involves known and unknown risks that could cause actual results to differ materially. These risks include risks inherent in the development of capital-intensive mineral projects (including joint ownership), fluctuations in mineral resources and reserves, changes in budget estimates, global demand for lithium, recovery rate and lithium pricing, including risk. This includes public awareness of the consequences of government loan applications, changes in project parameters and its funding, risks associated with the growth of the lithium market and the pricing of its products, changes in legislation, government or community policies, and the like. Includes changes in perception. mining projects in general and opposition thereto; political risks associated with foreign operations; permitting risks, including receipt of new permits and maintenance of existing permits; consequences of litigation and regulatory processes relating to Company projects; cost overruns, unpredictable weather and natural resource maintenance, unanticipated delays, intellectual property risks, currency and interest rate fluctuations, operational risks, health and safety risks, cybersecurity risks, economic conditions, the impact of inflation on our projects and general market and industry conditions; Additional risks, assumptions and other factors are described in our most recent Annual Management Discussion Analysis and Annual Information Forms. Copies of these are available on his SEDAR company profile at www.sedar.com and on his website at the SEC at www.sec.government

Although we have attempted to identify material risks and assumptions, there are uncertainties inherent in such forward-looking information and there may be other factors that could cause results to differ materially. there is. Forward-looking information is made only as of the date set forth herein and, except as required by law, the Company does not update or update any forward-looking information contained in this news release. We have no intention of correcting it and expressly disclaim any obligation to do so. Readers are therefore cautioned not to place undue reliance on such forward-looking information.

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