VANCOUVER, British Columbia, March 2, 2023 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“lithium american” or “company”) is a 100% owned Thacker Pass Lithium Project (“tucker pass” or “plan) in Humboldt County, Nevada, the Bureau of Land Management (“BLM”).
Jonathan Evans, President and CEO, said: “We are excited about the prospect of generating economic growth in northern Nevada and playing a major role in domestic electric vehicle lithium he supply he chain.”
Thacker Pass targets 80,000 tons per year (seetpa”) battery quality lithium carbonate (“Lee2CO3”) two-tier capacity of 40,000 tpa (“Phase 1” and “Phase 2”). Phase 1 production is expected to start in late 2026. The project is expected to create 1,000 jobs for him during construction and 500 during operation. For more information, please refer to the technical report titled “Feasibility Study, National Instrument 43-101 Technical Report for the Thacker Pass Project Humboldt County, Nevada, USA” effective November 2, 2022 (see “technical report”), filed with SEDAR under company profile on January 31, 2023.
Construction updates:
- Construction has commenced, including site preparation, geological excavation, water pipeline development, and associated infrastructure.
- A major earthwork contract has been awarded with the activity scheduled to commence in late 2023.
- In the fourth quarter of 2022, Bechtel Corporation was awarded Engineering, Procurement and Construction Management (“EPCM”) Contract for construction of Soccer Pass Phase 1 with detailed engineering underway.
- The main construction contracts are as follows.
- Lithium carbonate and purification. Aquatech International LLC (“Aqua Tech”) won the contract for a magnesium sulfate and lithium carbonate chemical plant. Founded in 1981 and based in Philadelphia, Aquatech is a world leader in water purification technologies for the industrial and infrastructure markets with a focus on desalination, water recycling and reuse, and zero liquid discharge (seeZLDMore”).
- Sulfuric acid factory. EXP Global Co., Ltd. (“Experience point”) won the contract for engineering, procurement, construction support, commissioning and start-up services for a sulfuric acid plant. Founded in 1906 and headquartered in Chicago, EXP is a world leader in oil, gas and chemicals. Mex Co., Ltd. (“Mex”) won a contract for state-of-the-art MECS technology licensing, engineering and equipment® A heat recovery system that utilizes waste heat to produce steam, which is then converted into carbon-free electricity for processing plants.
- Contract selection and engineering has begun for the Work Force Hub (housing for construction contractors) and transshipment facilities within the Winnemucca area.
Construction at Tucker Pass is subject to the United States District Court for the District of Nevada (“federal court”) Issuance of record of decision (“rod), the federal court confirmed that the football pass licensing process was thorough and responsible. and the area designated for tailings to be considered, and did not impose any restrictions expected to affect construction schedules. The company said he is working closely with BLM to complete the necessary follow-up and does not expect it to affect the overall construction schedule.
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 United States, construction has begun on Thacker Pass, with first production targeted for late 2026. The company trades on both the Toronto and New York Stock Exchanges under the ticker symbol “LAC.”
For more information, please contact:
PR for investors
Phone: 778-656-5820
Email: This email address is being protected from spambots. JavaScript must be enabled to view.
Website: www.lithiumamericas.com
Forward-Looking Information
This news release contains certain forward-looking information, including information regarding construction at Thacker Pass and expected production timelines. Statements that are not historical facts are “forward-looking information” as that term is defined in National Instrument 51-102 of the Canadian Securities Administration (collectively, “forward-looking information”). Although not always, information about forward-looking statements may include “plans,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “could,” and “could.” ”, and similar expressions. , or a statement that an event, condition, or result “occurs,” “could,” “could,” or “should.” In preparing forward-looking information herein, Lithium America makes certain key assumptions, including, but not limited to, the assumption that general business conditions will not change materially adversely.
Forward-looking information contains forward-looking information and is inherently uncertain and the actual results, performance or achievements of Lithium Americas and its subsidiaries may not be expressed or implied by the forward-looking information. Any future results, performance or achievements may differ materially. Various risks, uncertainties and other factors. Such risks and other factors include, among others, risks associated with changes in construction and project timelines (timing, delay, progress, approach, continuity or (including risks associated with changes). Risks associated with obtaining sufficient funding on a timely and acceptable basis. risks associated with fluctuations in lithium and other commodity prices and exchange rates; Other risks and uncertainties disclosed in information released by Lithium Americas and filed with applicable regulatory authorities.
Lithium America’s forward-looking information is based on management’s beliefs, expectations, and opinions as of the date such information is posted, and Lithium America does not intend or intend to update or revise any forward-looking information. No obligation is assumed and expressly disclaimed. Except as otherwise required by applicable securities laws, whether as a result of new information, future events or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
This news release also contains forward-looking information regarding the mineral resources and mineral reserves estimates of the Thacker Pass deposit, the information in this news release is fully qualified based on information in the technical report. is needed. Significant factors that could cause actual results to differ from conclusions, estimates, designs, forecasts or projections include geological modeling, grade interpolation, lithium price estimates, mining cost estimates, mine design parameters , and final pit shell limits such as more detailed exploration. Slope angle of excavation or final pit.
