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VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Firm”) is happy to announce the election of Kelvin Dushnisky and Jinhee Magie to the Firm’s board of administrators (“Board”) following immediately’s Annual Normal Assembly of Shareholders (“AGM”).
“We’re happy to welcome Kelvin and Jinhee to our Board,” mentioned George Eire, Chairman of the Board, Lithium Americas. “Their information and expertise will likely be a superb complement to the Board as we start the transition from developer to operator.”
Kelvin Dushnisky brings greater than 25 years of world mining expertise, with a concentrate on execution on strategic priorities. Mr. Dushnisky was the CEO and a member of the Board of Administrators of AngloGold Ashanti Ltd. Previous to AngloGold, he was at Barrick Gold Corp. for 16 years, together with serving as President and a member of the Board of Administrators. Mr. Dushnisky holds a B.Sc. (Hon.) diploma from the College of Manitoba and M.Sc. and Juris Physician levels from the College of British Columbia. He’s a member of the Regulation Society of British Columbia and the Canadian Bar Affiliation.
Jinhee Magie brings over 25 years of public firm expertise in senior finance roles, centered on acquisitions and divestitures, private and non-private fairness fundraising and public firm reporting. Ms. Magie is presently the Chief Monetary Officer and Senior Vice President of Lundin Mining Company. Earlier than becoming a member of Lundin in 2008, her profession began at Ernst & Younger, and she or he was the Director of Company Compliance for LionOre Mining Worldwide Ltd. Ms. Magie holds a Bachelor of Commerce diploma from the College of Toronto and is a Chartered Skilled Accountant (CPA, CA).
Election of Board of Administrators
Every of the next 9 administrators proposed by administration was elected as a director of Lithium Americas on the AGM. The detailed outcomes are set out beneath:
|Director||Votes For||Votes Withheld||% For||% Withheld|
|Dr. Yuan Gao||41,447,166||1,658,704||96.15%||3.85%|
Closing voting outcomes on all issues voted on on the AGM are printed on our web site at www.lithiumamericas.com/investors/#reports-and-filings and with Canadian and US securities regulators.
ABOUT LITHIUM AMERICAS
Lithium Americas is a development-stage firm with initiatives in Jujuy, Argentina and Nevada, United States. The Firm trades on each the Toronto Inventory Alternate and on the New York Inventory Alternate, beneath the ticker image “LAC”.
For additional info contact:
E mail: email@example.com
Web site: www.lithiumamericas.com
Ahead-Trying Statements and Data
This information launch incorporates “forward-looking info” and “forward-looking statements” (which we check with collectively as forward-looking info) beneath the provisions of relevant securities laws. All statements, aside from statements of historic reality, are forwarding-looking info. Examples of forward-looking info on this information launch embrace: the Firm’s anticipated transition from developer to operator, assuming the profitable improvement of the Caucharí-Olaroz and Thacker Cross initiatives; the completion of development and graduation of manufacturing at such initiatives; and the Firm’s capacity to efficiently fund improvement of the Thacker Cross mission.
Ahead-looking info could contain recognized and unknown dangers, assumptions and uncertainties which can trigger the Firm’s precise outcomes or efficiency to vary materially. This info displays the Firm’s present views with respect to future occasions and is essentially based mostly upon numerous assumptions that, whereas thought of cheap by the Firm immediately, are inherently topic to important uncertainties and contingencies. These assumptions embrace, amongst others, the Firm’s capacity to fund, advance and develop the initiatives through which it holds an curiosity to business manufacturing, together with acquiring further financing as wanted; upkeep of a constructive enterprise relationship with mission companions (together with initiatives beneath co-ownership preparations); uncertainties associated to receiving and sustaining mining, exploration, environmental and different permits or approvals in Nevada and Argentina; exploration, improvement and development prices for the Caucharí-Olaroz and Thacker Cross initiatives; the accuracy of estimates of mineral sources and mineral reserves, and of improvement budgets and development estimates; reliability of technical knowledge; anticipated timing and outcomes of exploration, improvement and development actions, together with the influence of COVID-19 on such timing; well timed responses from governmental businesses accountable for reviewing and contemplating allowing actions; forecasted demand for lithium, together with that such demand is supported by progress within the electrical car market; the influence of accelerating competitors within the lithium enterprise, and LAC’s aggressive place within the business; the end result and influence of any litigation; normal financial circumstances; a secure and supportive legislative, regulatory and group atmosphere within the jurisdictions the place the Firm operates; the influence of COVID-19 on the Firm’s enterprise typically, together with points impacting provide chains typically; the anticipated advantages from prior transactions; and preparation of a improvement plan and feasibility examine for lithium manufacturing on the Thacker Cross mission.
Ahead-looking info additionally entails recognized and unknown dangers that will trigger precise outcomes to vary materially. These dangers embrace, amongst others, inherent dangers within the improvement of capital intensive mineral initiatives (together with as co-owners); variations in mineral sources and mineral reserves; world demand for lithium; restoration charges and lithium pricing; dangers related to efficiently securing enough financing; modifications in mission parameters and funding thereof; dangers associated to the expansion of lithium markets and pricing for merchandise thereof; modifications in laws, governmental or group coverage; political threat related to overseas operations; allowing threat, together with receipt of latest permits and upkeep of current permits; title and entry threat; price overruns; unpredictable climate and upkeep of pure sources; unanticipated delays; mental property dangers; foreign money and rate of interest fluctuations; operational dangers; well being and security dangers; and, normal market and business circumstances. Further dangers, assumptions and different components are set out within the Firm’s newest administration dialogue evaluation and annual info type, copies of which can be found on SEDAR at www.sedar.com.
Though the Firm has tried to determine essential dangers and assumptions, given the inherent uncertainties in such forward-looking info, there could also be different components that trigger outcomes to vary materially. Ahead-looking info is made as of the date hereof and the Firm doesn’t intend, and expressly disclaims any obligation to, replace or revise the forward-looking info contained on this information launch, besides as required by legislation. Accordingly, readers are cautioned to not place undue reliance on forward-looking info.