VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) – Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the election of Kelvin Dushnisky and Jinhee Magie to the Company’s board of directors (“Board”) following today’s Annual General Meeting of Shareholders (“AGM”).
“We are pleased to welcome Kelvin and Jinhee to our Board,” said George Ireland, Chairman of the Board of Lithium Americas. “His knowledge and experience will be an excellent complement to the Board as we begin the transition from developer to operator.”
Kelvin Dushnisky brings more than 25 years of global mining experience, with a focus on executing strategic priorities. Mr. Dushnisky was the CEO and member of the Board of Directors of AngloGold Ashanti Ltd. Prior to AngloGold, he was with Barrick Gold Corp. for 16 years, including as Chairman and Member of the Board of Directors. Mr. Dushnisky has a B.Sc. (Hon.) BA from the University of Manitoba and M.Sc. and Juris Doctor degrees from the University of British Columbia. He is a member of the Law Society of British Columbia and the Canadian Bar Association.
Jinhee Magie brings more than 25 years of public company experience in senior finance positions, focusing on acquisitions and divestitures, public and private equity fundraising, and public company reporting. Ms. Magie is currently the CFO and Senior Vice President of Lundin Mining Corporation. Before joining Lundin in 2008, her career began at Ernst & Young and she was the Director of Corporate Compliance for LionOre Mining International Ltd. Ms. Magie holds a Bachelor of Commerce from the University of Toronto and is a Chartered Professional Accountant (CPA, CA ).
Election of the Board of Directors
Each of the next nine directors nominated by management was elected as a director of Lithium Americas at the AGM. Detailed results are set out below:
|director||Votes in favor||Withheld votes||Percentage for||Percentage withheld|
|Dr. Yuan Gao||41,447,166||1,658,704||96.15%||3.85%|
The final results of the vote on all matters voted on at the AGM are published on our website at www.lithiumamericas.com/investors/#reports-and-filings and with Canadian and US securities regulators.
ABOUT LITHIUM AMERICAS
Lithium Americas is a company in development stage with projects in Jujuy, Argentina and Nevada, United States. The Company is listed on both the Toronto Stock Exchange and the New York Stock Exchange, under the ticker symbol “LAC”.
Forward Looking Statements and Information
This press release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) in accordance with the provisions of applicable securities law. All statements, except statements of historical fact, are forward-looking information. Examples of forward-looking information in this press release include: the expected transition of the Company from developer to operator, assuming the successful development of the Caucharí-Olaroz and Thacker Pass projects; completion of construction and commencement of production on such projects; and the Company’s ability to successfully finance the development of the Thacker Pass project.
Forward-looking information may involve known and unknown risks, assumptions, and uncertainties that may cause actual results or company performance to differ materially. This information reflects the current views of the Company with respect to future events and is necessarily based on a series of assumptions that, although considered reasonable by the Company at the present time, are inherently subject to significant uncertainties and contingencies. These assumptions include, but are not limited to, the ability of the company to finance, advance and develop the projects in which it has an interest for commercial production, including obtaining additional financing as necessary; maintaining a positive business relationship with project partners (including projects under joint ownership agreements); uncertainties related to the receipt and maintenance of mining, exploration, environmental and other permits or approvals in Nevada and Argentina; exploration, development and construction costs of the Caucharí-Olaroz and Thacker Pass projects; the accuracy of mineral resource and mineral reserve estimates, and of development budgets and construction estimates; reliability of technical data; anticipated schedule and results of exploration, development and construction activities, including the impact of COVID-19 on said schedule; timely responses from government agencies responsible for reviewing and considering permitting activities; the anticipated demand for lithium, including the fact that such demand is supported by the growth of the electric vehicle market; the impact of increasing competition in the lithium business and LAC’s competitive position in the industry; the outcome and impact of any litigation; general economic conditions; a stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; the impact of COVID-19 on the Company’s business in general, including issues affecting supply chains in general; the expected benefits of previous transactions; and preparation of a development plan and feasibility study for lithium production at the Thacker Pass project.
Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. These risks include, among others, risks inherent to the development of capital-intensive mining projects (including as co-owners); variations in mineral resources and mineral reserves; global demand for lithium; lithium recovery rates and prices; risks associated with successfully obtaining adequate financing; changes in the parameters of the project and its financing; risks related to the growth of lithium markets and the prices of its products; changes in legislation, government or community policy; political risk associated with foreign operations; allow risk, including receiving new permits and maintaining existing permits; title and access risk; cost overruns; unpredictable weather and maintenance of natural resources; unforeseen delays; intellectual property risks; currency and interest rate fluctuations; operational risks; health and safety risks; and general market and industry conditions. Risks, assumptions and other additional factors are set out in management’s latest discussion analysis and in the annual reporting form, copies of which are available from SEDAR at www.sedar.com.
Although the company has attempted to identify important 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 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 required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.