LAC Raises Mineral Resource & Reserve Estimates for Thacker Pass

Core Insights - Lithium Americas Corp. (LAC) has reported an increase in mineral resource and reserve estimates for the Thacker Pass lithium project, which is now recognized as the largest measured lithium reserve and resource globally [1][2][3] Mineral Resource and Reserve Estimates - The proven and probable mineral reserve estimate is now 14.3 million tons (Mt) of lithium carbonate equivalent (LCE) at an average grade of 2,540 parts per million (ppm) lithium, reflecting a 286% increase since the November 2022 Feasibility Study [3] - The measured and indicated mineral resource estimate stands at 44.5 Mt LCE at an average grade of 2,230 ppm lithium, marking a 177% rise since the November 2022 Feasibility Study [3] Project Expansion Plans - The expansion plan aims to produce 160,000 tons per year (t/y) of battery-quality lithium carbonate (Li2CO3) in four phases, each producing 40,000 t/y, with construction of each phase projected to be spaced four years apart [4] - Phase 1 is expected to create nearly 2,000 jobs during construction and is targeted for completion in late 2027 [4] Market Performance - Shares of LAC have declined by 42.7% over the past year, compared to an 18% decline in its industry [5]