Lithium Americas Publishes 2024 ESG-S Report
'This Report outlines our 2024 ESG-S performance during initial ramp-up of construction at Thacker Pass,' said Jonathan Evans, President and CEO. 'We are advancing Thacker Pass, strengthening U.S. national security and creating economic benefits for American workers, companies and communities. Construction of Phase 1 of Thacker Pass is expected to create approximately 2,000 new jobs in northern Nevada, including 1,800 skilled labor contractors.'
Mr. Evans added, 'In 2024, we cemented partnerships that set the financing foundation to advance Thacker Pass into major construction. Throughout the year, we increased our focus on safety with additional initiatives, training and management systems, adopted additional policies and procedures to strengthen our governance and continued to build on years of continuous engagement with our local neighbors.'
The Report was prepared in alignment with the Global Reporting Initiative (' GRI ') Universal Standards (2021), the GRI 14: Mining Sector (2024), the Sustainability Accounting Standards Board's Metals and Mining Standards and the United Nations Sustainable Development Goals.
The full Report can be found on the Company's website at www.lithiumamericas.com. Other reports and filings, including the Company's 2024 Annual Report on Form 10-K, are also available at www.lithiumamericas.com.
ABOUT LITHIUM AMERICAS
Lithium Americas is developing the Thacker Pass project located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a joint venture between Lithium Americas (holding a 62% interest and is the manager of the Project), and General Motors Holdings LLC (holding a 38% interest). The Company is focused on advancing Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America's Building Trades Unions for construction of Thacker Pass. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.
FORWARD-LOOKING INFORMATION
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, and 'forward-looking statements' within the meaning of applicable United States securities legislation (collectively referred to as 'forward-looking information' or 'FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as 'anticipate,' 'plan,' 'continues,' 'estimate,' 'expect,' 'may,' 'will,' 'projects,' 'predict,' 'proposes,' 'potential,' 'target,' 'implement,' 'scheduled,' 'forecast,' 'intend,' 'would,' 'could,' 'might,' 'should,' 'believe' and similar terminology. FLI in this news release includes, but is not limited to, statements related to Thacker Pass, including mineral resource and mineral reserve estimates, the design capacity thereof, the Company's focus on advancing Phase 1 toward production, expected job creation and the other anticipated benefits of Thacker Pass for U.S. national security, workers, companies and communities.
FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLI reflects the Company's current views about future events, and while considered reasonable by the Company as of the date of this news release, is inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that FLI will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: relationships between the Company and third party strategic and contractual partners; development, construction and operations at Thacker Pass proceeding as anticipated; the Company's ability to operate in a safe and effective manner; the Company's financial resources and future prospects; general business and economic conditions; settlement of agreements related to the operation and sale of mineral production and the operations and inputs required in the course of production; the benefits and impacts of Thacker Pass; unforeseen technological, engineering and operational problems; accuracy of development budgets and construction estimates; uncertainties inherent to feasibility studies and mineral resource and mineral reserve estimates; reliability of technical data; the receipt and maintenance of mining, exploration, environmental and other permits or approvals; government regulation and policy and changes thereto, including in respect of the mining industry, the green energy transition, the electric vehicle market, royalty rates and tax rates; demand for lithium; competition in the lithium business, and the Company's competitive position in the industry; changes to costs of production; support of key stakeholders; availability of technology, including low carbon energy sources and water rights, on acceptable terms; the impact of unknown financial contingencies, including litigation costs, title disputes or claims, environmental compliance costs and costs associated with the impacts of climate change or severe weather conditions; estimates regarding commodity prices, currency exchange rates, interest rates, inflation rates and competitive conditions. Readers are cautioned that the foregoing list of risks, assumptions and other factors is not exhaustive. Although the Company believes that the assumptions and expectations reflected in such FLI are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. As such, readers are cautioned not to place undue reliance on this information.
The FLI contained in this news release is expressly qualified by these cautionary statements. All FLI in this news release speaks as of the date hereof. The Company does not undertake any obligation to update or revise any FLI, whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Company's filings with securities regulators, including the Company's most recent Annual Report on Form 20-F and most recent management's discussion and analysis for our most recently completed financial year and the most recent interim financial period, which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
11 minutes ago
- Business Insider
AI could be the US's secret weapon in the race to mine more minerals — if it can prove itself
The US is scrambling to reduce its reliance on foreign sources of critical minerals. The raw materials are essential inputs for modern technology. Smartphones, 5G networks, and military weapons like fighter jets are built using these materials, and they continue to be used to spur innovation. Lithium powers electric vehicle batteries, copper keeps data centers running, and silicon forms the foundation of semiconductors. Demand is rising fast, with the global critical minerals market projected to reach nearly $500 billion by 2030, said Kings Research, a market research firm. Yet the US still relies heavily on imports. As of 2024, the country imported 100% of 12 out of 50 designated critical minerals, including graphite, manganese, and gallium, according to the United States Geological Survey, many of which come from China. Now, under the second Trump presidency, the US is pushing to reestablish its dominance in mineral production. The administration has made domestic manufacturing a national priority, issuing an executive order to boost mining on American soil and imposing 50% tariffs on imported metals like steel and aluminum. Rebuilding domestic mineral supply could strengthen the economy and improve national security. But it could also lead to supply gaps, potentially driving up the cost of materials that power innovation. To prevent bottlenecks, startups and legacy tech companies are turning to artificial intelligence. Their AI tools promise to speed up mineral discovery and reduce supply chain risks in a volatile geopolitical climate. But in a highly regulated industry where progress is slow, some experts question whether AI can deliver on its promises. Startups are racing to reshape mineral exploration Startups are betting on AI to discover new mineral deposits — and some are seeing early results. Earth AI uses predictive software and proprietary drilling hardware to find, verify, and sell multi-billion-dollar mineral projects. Its algorithms are trained on decades of historical data from Australia, including past successes and failures of mineral discovery, to pinpoint hydrothermal systems: heated, mineral-rich waters likely to hold valuable deposits. After identifying a promising site, the company drills using its own rigs and analyzes rock samples to confirm the presence of metal. Once proven, the site is sold to larger mining firms. Earth AI said it has a success rate of 75% — far above the industry average of less than 1%. Over the last 12 months, the company said it has already made three discoveries in Australia, one of which is indium, a rare metal used in touchscreens and semiconductors for AI hardware. It's also discovering untapped reserves rich with minerals. In late July, Earth AI's software identified a massive underground trove of nickel and palladium in the east coast of Australia the company will drill. By using AI, Earth AI told Business Insider it can cut mineral discovery timelines from years to months. "We think that we can create the most value by drilling into the ground, proving that 'Yes, there are chemical concentrations of metal there,'" said Monte Hackett, CFO of Earth AI. Terra AI is also betting that AI can speed up the industry's slow discovery process. "Despite decades of investment in sensors and data, we're doing worse every year," said John Mern, cofounder and CEO of Terra AI. "The amount of metal added to the global supply this year is 90% lower than it was in 1990." Terra's software uses AI to ingest layers of geological data — like magnetic field readings and seismic activity — used to generate thousands of underground maps to identify the most promising places to drill. Mern said its AI-first approach is already being piloted on rare earth projects in the US and by mining companies across the Americas, Africa, and Europe. He added that Terra's platform could cut the 17-year average mine development timeline in half. Investors see AI applications in mining as a major opportunity. Founders Factory, a UK-based venture firm, recently partnered with mining giant Rio Tinto to launch an accelerator backing 12 startups a year — including Terra AI. Jack Kennedy, an investor at Founders Factory, sees mining as a $2 trillion industry that's been "untouched" by tech innovation. He compares mining to a "waste management business," where tons of earth are moved to extract small amounts of metal. "AI is essentially a way to try and process tons of different data points to make efficiencies," Kennedy told BI. Doing so, he added, translates to reductions in waste, costs, and environmental impact. Legacy players use AI to secure the supply chain Legacy firms are also getting in on the action. Exiger, a supply chain management software provider, helps governments and Fortune 500 companies track and secure critical mineral supply chains. Its AI model breaks down products into digital twins — detailed virtual versions that map the materials inside — then traces the material composition of the products using a database of 10 billion transaction records. The database includes commercial datasets purchased from custom brokers and invoice processes, financial data, engineering specifications, build-to-print drawings, material declarations, and manufacturing process documents. Using AI to assess a company's supply chain gives clients visibility into the vulnerabilities within their mineral supply chains, like where they may be over-reliant on certain countries and geopolitical risks. In turn, clients can make informed decisions when adjusting their mineral supply chain strategy. In one case, Exiger identified how to extract germanium — a rare earth mineral used in fiber optics and chips — from coal ash and smelter waste in the US, potentially reducing foreign dependence. "When China restricted exports on rare earths, it exposed customers to price volatility and geopolitical uncertainty," Brandon Daniels, CEO of Exiger, told BI. "Our platform helps clients navigate that risk with a level of precision previously unattainable." The limitations of AI Still, AI isn't a magic solution. Rajive Ganguli, a mining engineering professor at the University of Utah with decades of experience applying AI in the field, said the technology is only as good as the data it's trained on. High-quality, hard data — like drill hole information and physical samples — is often scarce, expensive, and difficult to obtain. "AI on bad numbers does not result in good answers," Ganguli told BI. He also points out that many "AI discoveries" happen in areas already known to geologists. The technology, he said, doesn't work as well in unexplored, data-poor regions. Additionally, the startups that spoke to BI said that the mining industry remains skeptical about embracing new technologies, making the adoption of AI in the critical mineral discovery process an uphill battle. That said, Ganguli believes the biggest obstacles to scaling up mineral production aren't technological, but systemic. In the US, companies often wait 10 to 15 years to get permits approved. Even though the Trump administration is making moves to fast-track permitting, the process continues to remain bottlenecked in the near term. Despite early talks with US clients, Earth AI hasn't begun exploration in the country due to delays that can drag on for years. Experts agree that AI won't replace humans. Geologists and engineers are still essential for interpreting AI outputs and making final decisions about where to drill. "This isn't a lab problem," Ganguli said regarding mineral discovery, adding that "domain experts" are crucial to understanding how the machines operate, what the data means, and how the site actually works. Even so, companies believe AI can play a key role in strengthening the US mineral supply chain. But even with the best tools, the US is unlikely to do it alone. "The reality is, the majority of our supply chain is going to come from beyond our borders," Terra AI CEO Mern said. "We need responsible international partners to secure it."
Forbes
11 minutes ago
- Forbes
Where Will Palantir (PLTR) Stock Be In 5 Years?
Palantir Technologies (NYSE: PLTR) is riding a wave of excitement as one of the top AI and data analytics, with its stock price doubling in 2025. The firm has grown from a defense-centric company focused on servicing government agencies to a commercial juggernaut integrating AI functionality to service a greater number of private and public sector pain points. This article will cover both where Palantir stands today and where it will be in five years based on analyst ratings, an overview of its current offerings and its key growth and risk areas. The Current State Of Palantir Palantir was founded in 2003 by Peter Thiel and a group of co-founders including Alex Karp and Jon Lonscale to process and analyze data from U.S. intelligence agencies. After the company's direct listing in 2020, the stock experienced volatility, with 2025 serving as a turning point as Palantir soared over 100%. The firm has expanded to commercial sectors with an increasing library of products from AIP to Apollo. With a current share price of $158, as of August 1st, 2025, Palantir is at an all-time high propelled by defense contracts and ambitious new initiatives in the commercial space. Palantir has secured major clients like the Department of Defense with Gotham, its intelligence and defense platform, and Morgan Stanley with Foundry, its analytics platform. Palantir's Key Growth Considerations Some of the largest factors fueling Palantir's growth over the next five years include the growth of AI, Palantir's ability to secure government defense contracts and regulation which could inhibit Palantir's dominance in the surveillance space. One of Palantir's key growth areas is its application of AI with unique workflows through the AIP, or AI Platform. With AIP, Palantir has grown commercial revenue by 71% year over year with notable customers including Fannie Mae and Walgreens. This market is rapidly growing with the AI software market expected to reach over $1.8 trillion in the next five years, which could lead to more widespread Palantir adoption. With Palantir securing a $10 billion U.S. Army deal in July 2025 on top of a $795 million contract for Maven Smart System software licenses in May 2025, the firm is solidifying its position as a major defense contractor. With rising U.S. defense budgets and the risk of global conflict, Palantir is well-positioned to provide key services in defense. This provision of services is helping to increase Palantir's revenues in 2025. In 2025, Palantir worked on IRS databases and deportation programs which serve as growth areas in a friendly political environment. While this is a growth consideration, lawsuits or new regulatory developments could impede Palantir's government revenue. For the next few years, Palantir should be well positioned regulatorily but a new administration or new regulators could affect long-term revenue for the firm. Future Risks And Challenges Palantir is well-positioned now but new competition from other tech giants, macroeconomic storms or unfavorable regulatory environments could negatively affect the stock. Rival tech firms like Microsoft, AWS, Google Cloud and Databricks could steal contracts or customers from Palantir, especially if there's public backlash against the firm. These would primarily affect Palantir's provision of commercial tools, but in the defense sector, firms like RTX or Northrop Grumman could overtake Palantir in the provision of AI tools to the government. With rising competition, Palantir's margins could be cut, causing slower revenue growth by 2030. Outside of competition, macroeconomic pressure like an interest rate hike or even a full-blown recession could cause public-sector clients to cut their enterprise AI budgets with Palantir. As a public company and a volatile growth stock, the firm's price could also swing from inflation or a downturn, affecting investors in Palantir. Likewise, a pullback in tech spending could also cause a depression in stock price. Investor Sentiment Investor enthusiasm for Palantir is high especially among younger investors and those who see its long-term potential from an AI implementation perspective. Palantir boasts a visionary CEO, exciting contracts with the federal government and advanced technology that the public sector is implementing. Despite this public market bullishness, critics highlight that Palantir's high valuation is driven by excitement over AI potential and that investor sentiment could reverse if earnings fail to keep pace. Analyst Forecasts And Price Targets Analysts are split on the future price of Palantir, with a majority of 25 analysts proposing a 'hold' rating on Palantir, according to Yahoo Finance. Price targets from analysts range from $100.39 to $178, highlighting a split in expectations from professionals. Depending on factors like leadership in AI, high growth and seizing of new market opportunities, Palantir could soar or fall from its current high. The Bull Case For Palantir Stock In The Next 5 Years The bull case for Palantir follows that the firm's platforms like Gotham and Founder become leaders in their respective industries capturing key contracts from both the public and private sector. With new contracts and reliance by leading firms and agencies, Palantir's revenue would continue to rise leading to a capturing of new highs at $178. Palantir also continues to capture new markets in areas like security and data analytics with industries as broad as intelligence to healthcare. With continued expansion, the bull case for Palantir seems more likely. The Bear Case For Palantir Stock In The Next 5 Years In a bear case scenario, Palantir's growth could slow due to both competition and the rise of regulatory pressure leading to a fall to $100 per share. A risk area could include competitors like AWS and Google capturing more market share or the loss of government contracts, especially with a change in presidential administration or congress. Another risk is slowing growth in the economy which would negatively affect revenue and cause a drop in share price. Another key factor is execution and sentiment risk. If the team can't follow through on their ambitious plans, the firm may not be able to scale effectively and collapse on its promises. If AI implementation doesn't follow through as expected or enthusiasm wanes, Palantir's share price could also be affected. Bottom Line Palantir is riding a wave as one of the best stocks of 2025, specifically from a growth perspective, with its stock price doubling in 2025. While the firm originated as a defense-oriented firm servicing the U.S. government's many agencies, the firm has diversified tremendously as a commercial powerhouse providing AI services as well as data analysis features. Based on previous performance and the savviness of its leadership team, it's more than likely that the stock will continue to rise in value, depending on key factors as discussed. Frequently Asked Questions (FAQs) Is Palantir Stock A Good Investment For The Next 5 Years? Palantir has the potential to be a good investment over the next five years depending on whether it can execute on its aggressive plans to be implemented broadly in the private and public sector. What Are Analysts Stating About Palantir's Long-term Outlook? Analyst opinions range for Palantir's stock from more bullish analysts estimating $300 in the next five years to more bearish analysts estimating only up to $100. How Much Will Palantir Stock Be In 5 Years? Estimates for Palantir's stock in five years range from a decrease to $75 in a bear case to $500 in a bull case but most estimates range from $100 to $300.
Yahoo
13 minutes ago
- Yahoo
Rivian sues to sell its EVs directly in Ohio
Rivian has filed a lawsuit in Ohio to be able sell its electric vehicles directly to consumers in the state — the latest swing in a perpetual fight between up-and-coming American automakers and the entrenched and powerful dealership lobby. The company sued the registrar of Ohio's Bureau of Motor Vehicles (BMV) on Monday in federal court, claiming the state is harming consumers by blocking direct sales. Rivian is currently able to sell EVs directly to consumers in 25 states and in Washington D.C. Ohio's BMV did not immediately respond to a request for comment. 'Ohio's prohibition of Rivian's direct-sales-only business model is irrational in the extreme: it reduces competition, decreases consumer choice, and drives up consumer costs and inconvenience — all of which harm consumers — with literally no countervailing benefit,' lawyers for the company wrote in the complaint. Rivian is asking the court to allow the company to apply for a dealership license so it can sell vehicles directly. Ohio customers have to buy from Rivian vehicles from locations in other states where direct sales are allowed. The cars are then shipped to Rivian service centers within Ohio. Allowing Rivian to sell directly would not be treading new legal ground, the company argues in its complaint. Tesla has had a license to sell in Ohio since 2013 and can sell directly to consumers. What's stopping Rivian is a 2014 law passed by the state's legislature. That law, which Rivian says came after an intense lobbying effort by the Ohio Automobile Dealers Association (OADA), effectively gave Tesla a carve-out and blocked any future manufacturers from acquiring the necessary dealership licenses. (OADA did not immediately return a request for comment.) 'Consumer choice is a bedrock principle of America's economy. Ohio's archaic prohibition against the direct-sales of vehicles is unconstitutional, irrational, and harms Ohioans by reducing competition and choice and driving up costs and inconvenience,' Mike Callahan, Rivian's chief administrative officer, said in a statement. Rivian has won legal fights over direct sales before. In 2021, Rivian and Lucid Motors were granted dealership licenses to sell EVs in the state of Illinois. That state's dealer association sued to try to block Rivian and Lucid from selling directly, but ultimately failed. Lucid Motors, meanwhile, filed a lawsuit of its own in Texas in 2022 in a challenge to that state's direct-sales ban. The court ruled against Lucid earlier this year, but the company has appealed, federal court records show. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
