'With over 10 years of development and over
'The milestone of filing the Draft EIS for the low-impact
Permitting Process
Under the National Environmental Policy Act ('NEPA'), publication of the Draft EIS commences a 45-day public comment period. The BLM will then consider comments submitted by the public and regulatory agencies, update the Draft EIS as appropriate, and issue a Final Environmental Impact Statement ('Final EIS'). Upon publication of the Final EIS, a 30-day availability period is expected to follow before the BLM issues its Record of Decision ('ROD') on the proposed Project and exploration plan. The ROD will state the BLM's decision, describe alternatives that were considered, identify the preferred alternative and rationale for selection, and set forth any stipulations and environmental protection measures required by the agency. A positive final decision, along with BLM's Plan of Operations Permit approval, if granted, would represent BLM's authorization for construction and operations to proceed upon posting financial assurance for reclamation. Consistent with the NEPA time schedule, Lithium Nevada is also applying for various Federal, State and local permits to secure other necessary approvals for construction, operations, and reclamation.
Feasibility Study
The Company's technical team and consultants continue to advance work on the
The BLM permitting process is based on proposed production of 60,000 tonnes per annum of lithium carbonate equivalent ('LCE') for
About
In addition to the Company's 100%-owned
Contact:
Tel: 778-656-5820
Email: ir@lithiumamericas.com
Web: www.lithiumamericas.com
Forward-Looking Statements
This news release contains 'forward-looking information' and 'forward-looking statements' (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking information. Examples of forward-looking information in this news release include, among other things, statements related to: development of the
Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Such information reflects the Company's current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others, forecasted demand for lithium products, including pricing thereof, the Company's ability to fund, advance and develop the Cauchari-Olaroz project and the
Forward-looking information also involves known and unknown risks that may cause actual results to differ materially, these risks include, among others, inherent risks in development of capital intensive mineral projects (including as co-owners), variations in mineral resources and mineral reserves, global demand for lithium, recovery rates and lithium pricing, risks associated with successfully securing adequate financing, changes in project parameters and funding thereof, risks related to growth of lithium markets and pricing for products thereof, changes in legislation, governmental or community policy, political risk associated with foreign operations, permitting risk, including receipt of new permits and maintenance of existing permits, title and access risk, cost overruns, unpredictable weather and maintenance of natural resources, unanticipated delays, intellectual property risks, currency and interest rate fluctuations, operational risks, health and safety risks, and general market and industry conditions. Additional risks, assumptions and other factors are set out in the Company's management discussion and analysis and most recent annual information form, copies of which are available on SEDAR at www.sedar.com. Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. 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 news release, except as required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.
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