VANCOUVER, British Columbia, Nov. 3, 2022 (GLOBE NEWSWIRE) — Lithium Americas Corp. LAK LAK (“Lithium America“ or the “company“) is pleased to announce that after months of due diligence, the Company, together with its advisors and Board of Directors, intends to move forward with a restructuring that will result in the splitting of its North American and Argentinian businesses into two independent public companies (the “separation“). The separation will create two separate companies, which will include:

• An Argentine lithium company (“Lithium International“) owns Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina (“Caucharí-Olaroz“); and
• A North American focused lithium company (“Lithium Americas (NewCo)“) Owner of the Thacker Pass Lithium Project in Humboldt County, Nevada (“Thacker Pass“) and the company’s North American investments.

“Following an extensive review of the merits of splitting Lithium Americas into two public entities, we have reiterated our belief that splitting up the North American and Argentinian companies will facilitate unlocking the full potential of their significant asset base to deliver maximum value to our shareholders and others to offer stakeholders,” said Jonathan Evans, President and CEO. “Upon the completion of the separation, Lithium Americas shareholders will retain ownership of two leading lithium companies – one of the largest known lithium developments in North America, central to the U.S. domestic supply chain, and a near-term producing portfolio with significant growth from two high quality projects in Argentina.”

TWO INDEPENDENT COMPANIES WITH INDUSTRY-LEADING LITHIUM ASSETS

Upon completion of the Separation, Lithium International will continue to hold the Company’s 44.8% interest in Caucharí-Olaroz and 100% interest in the Pastos Grandes lithium brine project in Salta, Argentina (“Large impasto“). It will also be the…