Lithium Americas in talks with DOE, GM re loan draw

Ms. Virginia Morgan reports LITHIUM AMERICAS COMMENTS ON SHARE PRICE MOVEMENT Lithium Americas Corp. is responding to media reports pertaining to the status of its previously announced $2.26-billion loan from the U.S. Department of Energy (DOE). All amounts are in U.S. dollars unless otherwise indicated. The company is in discussions with the DOE and General Motors Holdings LLC (GM), its joint venture partner in the Thacker Pass lithium project, regarding first draw on the DOE loan. The topics of these discussions include certain conditions precedent to draw on the DOE loan and associated loan specifics as well as incremental requests from the DOE for potential further conditions to first draw and/or potential amendments to the DOE loan and associated transaction documents, including corresponding consideration. The company continues to work with the DOE and GM regarding proposals for a mutually agreeable resolution. About Lithium Americas Corp. Lithium Americas is developing Thacker Pass, located in Humboldt county in northern Nevada, which hosts the largest known measured lithium resource (measured and indicated) and reserve (proven and probable) in the world. Thacker Pass is owned by a joint venture between Lithium Americas (holding a 62-per-cent interest and is the manager of the project) and GM (holding a 38-per-cent interest). The company is focused on advancing phase 1 of Thacker Pass 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 labour agreement) with North America's Building Trades Unions for construction of Thacker Pass. Construction 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. We seek Safe Harbor.