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LITHIUM AMERICAS CORP.

For the period ended Mar 31, 2025. Filed May 15, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 15, 2025

LAC$1.89-6.4%Stored close · as of Nov 10, 2026

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Legal Proceedings

Item 1. Legal Proceedings

We are involved in various legal and regulatory actions and proceedings which arise in the ordinary course of business. While the final outcome of such actions and proceedings cannot be predicted with certainty, management believes that the resolution of such actions and proceedings will not have a material impact on our consolidated financial position or results of operations.

In February 2023, the Company’s application with the State of Nevada Division of Water Resources (“NDWR”) for the transfer of certain water rights for Phase 1 of Thacker Pass was approved by the State Engineer. The State Engineer’s Office issued the final water rights permits on June 30, 2023 and July 3, 2023, authorizing the Company to use its water production wells. In March 2023, the State Engineer’s decision was appealed in state court by a local ranching company. In April 2025, the court upheld the State Engineer’s decision in relation to due process and most of the other issues that were appealed, while remanding two questions to the State Engineer for further analysis. The limited remand did not order a limitation on the Company’s ability to use its water rights, and the Company is continuing to use the water rights for construction activities at Thacker Pass. The claimant has filed an appeal to the Nevada Supreme Court which, prior to its possible consideration of the case, has referred the matter to the court’s settlement program.

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