Lithium Americas Reports 2023 Full Year and Fourth Quarter Results - Seite 2

• As of December 31, 2023, the Company had approximately $196 million in cash and cash equivalents.
• In light of current market conditions and to preserve strong liquidity, the Company has reduced project capital expenditures to minimal levels until closing of the DOE Loan and issuance of FNTP, which are expected in the second half of the year. In addition, the Company has taken actions to reduce its general and administrative and operating expense budget for 2024 by more than 25%.

TECHNICAL INFORMATION

The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Growth and Product Strategy of the Company, and a “qualified person” as defined under National Instrument 43-101 and Subpart 1300 of Regulation S-K under the United States Securities Act of 1933.

FINANCIALS

Selected consolidated financial information is presented as follows:

(in US$ million except per share information)	Year ended December 31,
	2023	2022
	$	$
Expenses	27.6	60.9
Net loss	3.9	67.8
Loss per share – basic	0.02	0.42

(in US$ million)	As at December 31, 2023	As at December 31, 2022
	$	$
Cash and cash equivalents	195.5	0.6
Total assets	439.5	27.8
Total long-term liabilities	7.5	8.0

During the year ended December 31, 2023, expenses and net loss decreased due to the commencement of construction at Thacker Pass resulting in the commencement of capitalization of a majority of project costs effective February 1, 2024. Also, at December 31, 2023, the Company recognized a $32.8 million gain on the change in fair value of the derivative liability related to the number of shares to be issued pursuant to the second tranche of the subscription agreement with GM.