VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today released its 2021 Environment, Social, Governance and Safety (ESG-S) Report (the “Report”). The theme of the report Activating transition, reaffirms the Company’s commitment to responsible development and production, as well as the Company’s ESG-S practices and overall progress made over the past two years (reporting period from January 1, 2020 to December 31, 2021).
“One of the greatest global transitions is underway – the shift to a clean energy economy – and lithium is critical to that transition,” commented Jonathan Evans, president and CEO of Lithium Americas. “Lithium Americas is uniquely positioned to enable a North American-based lithium supply chain. Over the past two years, every aspect of our business has grown and evolved to prepare us to be one of the safest, most environmentally responsible and most inclusive lithium operators.
HIGHLIGHTS OF THE 2021 ESG-S REPORT:
- We have achieved our goal of zero injuries, zero fatalities and zero recordable work-related injuries in 2020 and 2021.
- In 2021, we had a zero percent turnover rate and increased gender diversity on our Board of Directors and our management team.
- Thacker Pass actively participates in the local Negotiation Task Force, which is dedicated to developing agreements to guide the construction and operation of Thacker Pass, with an emphasis on identifying solutions that protect safety and the well-being of community members.
- 52 training sessions in construction skills, heavy equipment operator and cultural oversight for archaeological mitigation work delivered to Fort McDermitt Paiute and Shoshone Tribe members. In the spring of 2022, 11 tribesmen participated in their first monitoring activities.
- Thacker Pass has received its Record of Decision (ROD) from the United States Bureau of Land Management following the completion of the National Environmental Policy Act (NEPA) process, along with all key environmental permits from the State of Nevada Division of Environmental Protection.
- In September 2021, Lithium Americas was approved as a pending member of the Initiative for Responsible Mining Assurance (IRMA), which means the company is committed to having Thacker Pass audited against the new draft IRMA Ready standard. for exploration and development within 12 months of its availability for application.
Lithium Americas’ approach to safe and responsible development and shared value is driven by our commitment to be an environmental steward, community partner, employer of choice, and company to be proud of.
The report has been prepared with reference to the Global Reporting Initiative (GRI) 2021 standards, based on a robust materiality assessment and disclosure of our material topics management approach. The scope of the report includes the activities and interests of Lithium Americas and our wholly owned Thacker Pass project. The Caucharí-Olaroz project is not included in the scope of this report, however, background information is shared on its construction phase. For more information on Caucharí-Olaroz, please see the Minera Exar GRI 2021 Sustainability Report available at www.lithiumamericas.com/esg. The Pastos Grandes project, 100% owned by the Company, was acquired in early 2022 and is outside the reporting period of this report. The report can be downloaded from www.lithiumamericas.com/esg.
ABOUT LITHIUM AMERICAS
Lithium Americas is focused on advancing lithium projects in Argentina and the United States toward production. In Argentina, Caucharí-Olaroz is progressing to first production and Pastos Grandes represents regional growth. In the United States, Thacker Pass has received its Record of Decision and is moving towards construction. The Company is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “LAC”.
For more information, contact:
E-mail: [email protected]
This press release contains “forward-looking information” and “forward-looking statements” (which we collectively refer to as forward-looking information) under the provisions of applicable securities laws. All statements, other than statements of historical fact, are forward-looking information. Examples of forward-looking information contained in this press release include, among others, statements relating to the following: the Company’s environmental, social, governance and safety strategies, goals and objectives; the development plans of the Company’s projects and the success thereof; expectations that the Thacker Pass project will contribute to the development of a national supply chain in the United States; the expected benefits of future production, including that such supply will support a clean economy; the anticipated benefits of the Thacker Pass project to surrounding communities; and, a commitment to conduct an audit of the Thacker Pass project under the IRMA Ready standard and the timeline for conducting such an audit.
Forward-looking information is based on a number of factors and assumptions which, if incorrect, could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by this information. This information reflects the current views of the Company regarding future events and is necessarily based on a number of assumptions which, although considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others, the following: the successful development of the Company’s projects, including the Thacker Pass project, and the timing thereof; maintain existing permits and receive additional permits as needed; continued government, community and tribal support for the Thacker Pass project; current technology trends; the availability of technology, including low-carbon energy sources, on acceptable terms to advance the sustainability goals and priorities set out in this report; the ability to fund, advance and complete development of the Company’s projects and commence production, including costs, timing thereof; constructive relations between the Company and its various stakeholders; the ability to operate safely and efficiently; the impacts of climate change on the Company and its projects; environmental compliance costs; adverse weather conditions and natural disasters; ability to maintain necessary permits or approvals in Argentina and the United States; the stability and support of legislative, regulatory and local communities in the jurisdictions in which the Company operates; demand and prices for lithium and other products generally; the impact of increasing competition in the lithium industry, including the Company’s competitive position in the industry; inflationary pressures and their impact on the technology needed to achieve our goals and objectives; ability to attract and retain qualified talent in a competitive hiring environment; and the accuracy of Mineral Resource estimates (including relative to comparables) and the ability to convert Mineral Resources to Mineral Reserves. Other risks, assumptions and other factors are discussed in the Company’s most recent Annual Information Form and in the MD&A, copies of which are available on SEDAR at www.sedar.com.
Although the Company has attempted to identify significant risks and assumptions, given the uncertainties inherent in such forward-looking information, there may be other factors that cause results to differ materially. The forward-looking information contained in this press release 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 press release, except as the law requires it. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.