Lithium Americas Announces Appointment of Luke Colton as EVP and CFO
Lithium Americas Announces Appointment of Luke Colton as EVP and CFO
VANCOUVER, British Columbia--(BUSINESS WIRE)--January 7, 2025--Lithium Americas
Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced
the appointment of Luke Colton as Executive Vice President (“EVP”) and Chief Financial
Officer (“CFO”), effective Wednesday, January 29, 2025.
“The success of our team is having the right people in the right roles at the right time,” said
Jonathan Evans, President and CEO. “Luke’s previous experience developing large-scale capital
projects, as well as working with joint venture partners, will be key as Lithium Americas
transitions Thacker Pass into major construction in 2025. We are very pleased to have onboard
an experienced professional with deep financial management and controls experience as we
advance shareholder value by developing a North American lithium supply chain.”
Mr. Colton is a seasoned mining executive with significant financial, statutory, commercial and
leadership experience spanning over two decades across multiple global jurisdictions. Most
recently, Mr. Colton was CFO of Minova International from mid-2023 to late-2024, responsible
for finance, treasury and taxation, and was an important member of Minova’s senior leadership
team. Previously, Mr. Colton spent over five years at Turquoise Hill Resources (“THR”) as the
CFO, and was a director of Oyu Tolgoi, overseeing the development of a multi-billion-dollar
copper open pit and underground mine in Mongolia and the privatization of THR by Rio Tinto.
His previous experience includes CFO of Richards Bay Minerals, and he held progressively
more senior roles at Rio Tinto including Manager Financial, Capital Accounting and Compliance
for Rio Tinto Iron Ore; Principle, Valuations and Analysis for Rio Tinto Controllers; and
Manager, Reporting and Control for Rio Tinto Energy America. Mr. Colton began his career at
Ernst & Young and holds a Masters of Accountancy from Brigham Young University.
ABOUT LITHIUM AMERICAS
Lithium Americas is committed to responsibly developing Thacker Pass located in Humboldt
County in northern Nevada, which hosts the largest known lithium Measured and Indicated
resource and Proven and Probable reserve in the world. Thacker Pass is owned by a joint venture
between Lithium Americas (holding a 62% interest and is the manager of the Project), and
General Motors Holdings LLC (holding a 38% interest). The Company is focused on advancing
Thacker Pass Phase 1 toward production, targeting nominal design capacity of 40,000 tonnes per
year of battery-quality lithium carbonate. The Company and its engineering, procurement and
construction management contractor, Bechtel, entered into a National Construction Agreement
(Project Labor Agreement) with North America’s Building Trades Unions for construction of
Thacker Pass. The three-year construction build is expected to create nearly 2,000 direct jobs,
including 1,800 skilled contractors. Lithium Americas’ shares are listed on the Toronto Stock
Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit
www.lithiumamericas.com or follow @LithiumAmericas on social media.
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable
Canadian securities legislation, and “forward-looking statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 (collectively referred to as
“forward-looking information” (“FLI”)) and is subject to important risks and uncertainties (such
statements are usually accompanied by words such as “anticipate,” “plan,” “continues,”
“estimate,” “expect,” “may,” “will,” “projects,” “predict,” “proposes,” “potential,” “target,”
“implement,” “scheduled,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe”
and similar terminology, or statements that certain actions, events or results “may,” “could,”
“would,” “might” or “will” be taken, occur or be achieved). FLI statements in this document are
intended to provide LAC security holders and potential investors with information regarding
Lithium Americas, including management's assessment of the Company and its subsidiaries'
future plans and financial outlook. All forward-looking statements reflect LAC's beliefs and
assumptions based on information available at the time the statements were made and as such are
not guarantees of future performance. As actual results could vary significantly from the
forward-looking information, you should not put undue reliance on forward-looking information
and should not use future-oriented information or financial outlooks for anything other than their
intended purpose.
The FLI contained in this news release is expressly qualified by these cautionary statements. All
FLI in this news release speaks as of the date of this news release. The Company does not
undertake any obligation to update or revise any FLI, whether as a result of new information,
future events or otherwise, except as required by law. Additional information about these
assumptions and risks and uncertainties is contained in the Company’s filings with securities
regulators, including the Company’s most recent Annual Report on Form 20-F and most recent
management’s discussion and analysis for our most recently completed financial year and, if
applicable, interim financial period, which are available on SEDAR+ at www.sedarplus.ca and
on EDGAR at www.sec.gov. All FLI contained in this news release is expressly qualified by the
risk factors set out in the aforementioned documents.
Contacts
INVESTOR CONTACT
Virginia Morgan, VP, IR and ESG
+1-778-726-4070