Lithium Americas (LAC) risk factors, FY2024 10-K

Risk Relating to Resource Development

1. 01There can be no assurances when or if the Orion Investment will be completed
2. 02various factors, including the imposition of new tariffs by the Trump administration, that could lead to changes in the costs of fuel, power, labor, contractors, materials, supplies and equipment
3. 03Mineral resource and reserve estimates are inherently uncertain and may be inaccurate
4. 04Opposition could lead to delays or prevent the Project from proceeding, impacting development

Risks Relating to Lithium Production and Operations

1. 05Actual costs and production may vary due to factors such as resource availability and inflation
2. 06Ore grade, composition or type at Thacker Pass may be lower quality than expected, which may result in actual production levels being lower than expected
3. 07Negative cash flows from operations are expected until achievement of profitable production, so the Company is relying on generating profits or raising capital to meet obligations and liabilities
4. 08Any non-compliance with stringent environmental regulations could delay or increase the costs
5. 09Increased focus on ESG matters could lead to higher costs, reduced profits and litigation risks
6. 10As a result of such competition, the Company may be unable to maintain or acquire financing, retain existing personnel or hire new personnel, or maintain or acquire technical or other resources, supplies or equipment, all on terms it considers acceptable to complete the development of its projects
7. 11The ongoing Russian war in Ukraine, conflict in the Middle East, inflation and other factors continue to impact global markets and cause general economic uncertainty, the impact of which may have a material adverse effect on the Company's business, financial position, results of operations and prospects
8. 12Insurance may not protect against all risks associated with environmental and other incidents the Company may experience

Risks Related to the Company’s Business and Securities

1. 13The Company’s debt agreements contain, and any future indebtedness it incur may contain, various covenants that limit the manner in which the Company operates its business and its ability to engage in specified types of transactions
2. 14engage in certain affiliate transactions
3. 15The stock markets have experienced extreme volatility that has sometimes been unrelated to the operating performance of individual companies. These broad market fluctuations may adversely affect the trading price of the Common Shares
4. 16The Company has significant capital requirements associated with the development of Thacker Pass
5. 17Loss of FPI status requires increased regulatory reporting requirements and associated costs
6. 18If certain Canadian Tax requirements are not met, the Company and Lithium Argentina could be subject to substantial tax liabilities resulting from the Separation
7. 19Shareholders may face significant tax liabilities, impacting the intended tax-free status of the Common Shares received pursuant to the Arrangement
8. 20Changes in U.S. and Canadian tax laws could increase the Company’s tax liabilities
9. 21Any indemnification claims may have a material adverse effect upon the Company
10. 22more of its assets produce, or are held for the production of, passive income. Passive income generally includes interest, dividends, and other investment income