Lithium Americas Announces US$10 Million Strategic Equity Investment in Green Technology Metals
Lithium Americas Announces US$10 Million Strategic Equity Investment in
Green Technology Metals
VANCOUVER, British Columbia, April 28, 2022 -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas"
or the "Company") is pleased to announce that it has entered into an agreement to acquire shares of Green Technology
Metals Ltd. (ASX: GT1) (“GT1”) in a share placement for total consideration of US$10 million. GT1 is a North American
focused lithium exploration and development company with hard rock spodumene assets in north-west Ontario, Canada
(“Ontario Lithium Projects ”).
“GT1’s team brings a strong track record of lithium exploration and resource extraction, which fits well with Lithium Americas’
expertise in chemical processing,” commented Jon Evans, Lithium Americas’ President and CEO. “With this initial investment,
we look forward to working closely with GT1 to help accelerate the development of a North American lithium supply chain.”
GT1’s CEO, Luke Cox, commented, “We are delighted to welcome Lithium Americas to the GT1 register. In combination with
our existing strategic delivery partners and major shareholders, Primero and AMCI, we look forward to working with Lithium
Americas in executing on our aggressive project advancement and development plans over the next few years.”
The Company’s investment in GT1 is part of a share placement of approximately US$40 million (A$55 million). Upon closing of
the share placement, Lithium Americas expects to own approximately 5% of GT1.
Collaboration Framework
In addition to its US$10 million placement, Lithium Americas has entered into a non-binding Collaboration Framework
(“Framework ”) with GT1 to advance evaluation of a strategically located, integrated lithium chemicals business in North
America.
The Framework allows for evaluation of potential cooperative aspects between the two businesses in relation to all aspects of
the lithium processing and production value chain, from the processing of spodumene through to the production of battery-
grade lithium chemicals. It is set to leverage off and benefit from the considerable expertise within both businesses with
respect to the production of both intermediate and final lithium products. Lithium Americas has a well-established and highly
technical knowledge base within lithium chemical products and downstream lithium processing, which neatly complements
GT1’s upstream mining and spodumene processing expertise and the planned development pathway for its Ontario Lithium
Projects.
Key guiding principles of the Framework involve both parties working together in seeking to:
• Rapidly advance GT1’s Ontario Lithium Projects and fast-track the Seymour lithium project (80% GT1) into production.
• Develop midstream and downstream processing routes for battery-grade lithium chemicals in Ontario and across North
America.
• Advance development plans and project financing for an integrated lithium chemicals business.
• Source downstream offtake partners and deliver an integrated supply chain solution to customers.
• Leverage Lithium Americas’ Lithium Technical Development Center in Reno to further test and develop intermediate and
final lithium products.
About Green Technology Metals
GT1 is a North American focused lithium exploration and development business. GT1’s Ontario Lithium Projects comprise high
-grade, hard rock spodumene assets (Seymour, Root and Wisa) and lithium exploration claims (Allison and Solstice) located
on highly prospective Archean Greenstone tenure in north-west Ontario, Canada. GT1’s strategy is to build a vertically
integrated lithium business in Ontario.
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 towards first production and Pastos Grandes represents regional growth. In the United States,
Thacker Pass has received its Record of Decision and is advancing towards construction. 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 Relations
Telephone: 778-656-5820
Email: [email protected]
Website: www.lithiumamericas.com
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as
forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of
historical fact, are forward-looking information, examples of which in this news release include, among other things,
statements related to: the Company’s investment in a private placement by GT1 and expected ownership interest upon closing
thereof, provided certain conditions to closing are met; the expected benefits to the Company from such investment; any
support the Company expects to provide to GT1 to advance its projects; any future acquisition or disposition of securities of
GT1; expected benefits to Company from the Collaboration Framework, including expectations regarding future collaboration
initiatives, complementary expertise, ability to achieve the guiding principles under the Collaboration Framework, including
rapid advancement of the Ontario Lithium Projects, development of processing routes for battery-grade lithium chemicals in
Ontario and across North America, advancement of development plans and project financing for an integrated lithium
chemicals business, sourcing downstream offtake partners and developing an integrated supply chain solution, and plans to
leverage the Company’s technical development center that is under development in Reno for testing and development of lithium
products.
Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results,
performance or achievements of the Company to be materially different from future results, performance or achievements
expressed or implied by such information. Such information reflects the Company’s current views with respect to future events
and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are
inherently subject to significant uncertainties and contingencies. These assumptions include, among others: changes to the
current and future business plans of the Company and separately of GT1, and the strategic alternatives available to each of
them; stock market conditions generally; demand, supply and pricing for lithium; competitive conditions in the lithium industry
and related industries; results of exploration activities and technical reporting by GT1; current technological trends; a cordial
business relationship between the Company and GT1, and ability to cooperatively advance and achieve the principles of the
Collaboration Framework; political and local support for the proposed initiatives under the Collaboration Framework; and
general economic and political conditions in North America and other jurisdictions where the Company and GT1 conducts
business.
Additional risks, assumptions and other factors upon which forward-looking information is based, as it pertains to the
Company and its properties, are set out in the Company’s management discussion and analysis and most recent annual
information form, copies of which are available under our profile on SEDAR at www.sedar.com.
Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such
forward-looking information, there may be other factors that cause results to differ materially. Forward-looking information is
made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to update or revise the
forward-looking information contained in this news release, except as required by applicable law. Accordingly, readers are
cautioned not to place undue reliance on forward-looking information.