Investor Presentaiton
LITHIUM ARGENTINA / CORPORATE PRESENTATION 2023
NYSE & TSX: LAAC
4
Fully Funded to Reach Nameplate Production and Positive Cash Flow
Allocation of Key Assets & Liabilities
Key Assets
Cash Allocation
(as of Q2 2023 balance sheet)
Convertible Notes
LithiumAmericas
(NewCo)
THACKER PASS (100%)
GT1 INVESTMENT (~4.8%)
ASCEND ELEMENTS INVESTMENT (1)
~US$336 million
From Q2 2023 balance of US$502 million (2)(3)
Other Sources of Liquidity
~US$330 million GM Tranche 2 investment (5)
Pending DOE ATVM financing (6)
LithiumArgentina
(RemainCo)
CAUCHARÍ-OLAROZ (44.8%)
PASTOS GRANDES (100%)
SAL DE LA PUNA (65%)
~US$167 million
From Q2 2023 balance of US$502 million (2)(3)
~US$259 million (4)
Outstanding principal amount (1.75% due 2027)
~US$75 million (7)
Subordinate loan
One LAC Share Becomes One Share of New LAC and One Share of Lithium Argentina
Target date for separation: October 3
(1)
For more information, see the Company's Management Information Circular.
US$5 million.
(2)
(3)
Upon the completion of Separation, Lithium Americas (NewCo) will receive US$75 million of cash + any GM Tranche 1 unspent
Based on cash and cash equivalents and short-term bank deposits at June 30, 2023.
(4)
Subject to adjustments to terms as a result of the Separation, pursuant to the convertible notes indenture.
(5)
Subject to certain closing conditions, including securing sufficient funding for the development of Thacker Pass Phase I.
(6)
net proceeds, with the remaining cash to be allocated to Lithium Argentina. The US$75 million allocation is subject to adjustment if (7)
the Separation occurs post September 1, 2023. Pro-forma as if separation occurred on June 30, 2023.
Funding from the ATVM Loan Program is expected to provide up to 75% of the Thacker Pass project's eligible capital costs for
construction of Phase I.
Undrawn as of June 30, 2023.View entire presentation