Lithium Americas Announces First Lithium as Part of Commissioning at Caucharí-Olaroz
12 Junho 2023 - 8:37AM
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC)
(“
Lithium Americas” or the
“
Company”) is pleased to report that the
Caucharí-Olaroz project (“
Caucharí-Olaroz” or the
“
Project”) in Jujuy, Argentina has produced its
first lower than battery-quality lithium carbonate as part of
commissioning. Additional purification processing equipment
necessary to achieve battery-quality lithium carbonate is expected
to be completed in the second half of 2023, as planned.
“The initial
production achieved as part of commissioning is an exciting step as
Caucharí-Olaroz continues to advance toward first production of
battery-quality lithium carbonate,” said Jonathan Evans, Lithium
Americas’ President and CEO. “Our dedicated and skilled teams
continue to work diligently to progress this transformative
project.”
More information on anticipated production will
be provided later this quarter. During the ramp-up stage to
production capacity of 40,000 tonnes per annum, the Company expects
Caucharí-Olaroz to operate substantially below designed capacity
and to produce lithium carbonate below battery-quality
specifications.
ABOUT LITHIUM
AMERICAS
Lithium Americas is focused on advancing lithium
projects in Argentina and the United States to production. In
Argentina, Caucharí-Olaroz is advancing toward full production
capacity, and the Pastos Grandes basin represents an additional
regional growth opportunity. In the United States, Thacker Pass has
received its Record of Decision and has commenced construction. The
Company continues to advance a reorganization that will result in
the separation of its U.S. and Argentine business units into two
independent public companies. 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:Investor
RelationsTelephone: +1-778-656-5820Email:
ir@lithiumamericas.comWebsite: www.lithiumamericas.com
FORWARD-LOOKING STATEMENTS
Certain statements in this release constitute
“forward-looking statements” within the meaning of applicable
United States securities legislation and “forward-looking
information” under applicable Canadian securities legislation
(collectively, “forward-looking statements”). Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, events, performance or
achievements of the proposed Separation and of the Company (Lithium
Americas (NewCo)’s / Lithium Argentina’s), its projects, or
industry results, to be materially different from any future
results, events, performance or achievements expressed or implied
by such forward-looking statements. Such statements can be
identified by the use of words such as “may,” “would,” “could,”
“will,” “intend,” “expect,” “believe,” “plan,” “anticipate,”
“estimate,” “schedule,” “forecast,” “predict” and other similar
terminology, or state that certain actions, events or results
“may,” “could,” “would,” “might” or “will” be taken, occur or be
achieved. These statements reflect the Company’s current
expectations regarding future events, financial or operating
performance and results, and speak only as of the date of this
release. Such statements include without limitation, statements
with respect to the expecting timing to complete installation of
production facilities, the process and timing for commissioning and
the prospect of, and timing to achieve, full production capacity at
the Caucharí-Olaroz Project.
Forward-looking statements involve significant
risks and uncertainties, should not be read as guarantees of future
performance, events or results and will not necessarily be accurate
indicators of whether or not such events or results will be
achieved. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking
statements or information, including, but not limited to, risks
associated with mining project development, and achieving a certain
target level of production or full production capacity for the
Caucharí-Olaroz project and the expected timeline therefore
uncertainties with obtaining required approvals; and consents,
risks associated with mining project development, achieving
anticipated milestones and budgets as planned, and meeting expected
timelines; risks inherent in litigation that could result in
additional unanticipated adverse delays or rulings; maintaining
local community support for the Cauchari-Olaroz Project; changing
social perceptions and their impact on project development; ongoing
global supply chain disruptions and their impact on developing the
Cauchari-Olaroz Project; availability of personnel, supplies and
equipment; the impact of inflation or changing economic conditions;
any impacts of COVID-19 or an escalation thereof; changes to the
Company’s current and future business plans and the strategic
alternatives available to the Company; demand, supply and pricing
for lithium; and general economic and political conditions in
Canada, the United States, Argentina and other jurisdictions where
the Company conducts business. Additional information about certain
of these assumptions and risks and uncertainties is contained in
the Company’s filings with securities regulators, including the
Company’s most recent annual information form and most recent
management’s discussion and analysis for the Company’s most
recently completed financial year and interim financial period,
which are available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov.
Although the forward-looking statements
contained in this release are based upon what management of the
Company believes are reasonable assumptions as of the date hereof,
there can be no assurance that actual results will be consistent
with these forward-looking statements. These forward-looking
statements are made as of the date of this release and are
expressly qualified in their entirety by this cautionary statement.
Subject to applicable securities laws, the Company does not assume
any obligation to update or revise the forward-looking statements
contained herein to reflect events or circumstances occurring after
the date of this release.
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