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LITHIUM AMERICAS CORP.

For the period ended Jun 30, 2025. Filed Aug 14, 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.

Jun 30, 2025 · Filed Aug 14, 2025

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

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Legal Proceedings

Item 1. Legal Proceedings

The Company has been involved in various legal and regulatory actions and proceedings, which arise in the ordinary course of business. While the final outcomes 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 the Company’s condensed consolidated financial statements 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 were appealed, while remanding two questions to the State Engineer for further analysis. On June 20, 2025, the NDWR directed the Company to cease pumping from certain wells pending the agency’s consideration of the remand, although the agency subsequently extended the date for the Company to demonstrate compliance with the directive. On July 30, 2025, the Company finalized a settlement agreement with the ranching company. Currently, the parties are jointly seeking dismissal of the water-rights litigation and a vacatur of the remand order in the courts to complete the resolution of this issue and confirm LAC’s water rights.

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