LITHIUM AMERICAS CORP.

Subsequent event (Note 16)

1 The Company is the primary beneficiary in a variable interest entity (“VIE”). See Note 5 for further information related to the Company’s VIE. The consolidated assets as of March 31, 2026 and December 31, 2025 include $2.4 billion and $2.1 billion, respectively, of assets for the VIE that can only be used to settle the obligations of the VIE. As of March 31, 2026 and December 31, 2025, these assets include Cash of $80.1 million and $75.5 million, respectively; Restricted Cash of $448.8 million and $337.1 million, respectively; Receivables of $0.9 million and $2.5 million, respectively; Prepaids and deposits of $0.2 million and $0.4 million, respectively; Mineral properties, plant and equipment of $1.6 billion and $1.3 billion, respectively; Deferred financing costs of $224.1 million and $311.8 million, respectively;

and, Other assets, non-current of $8.3 million and $6.6 million, respectively. The consolidated liabilities as of March 31, 2026 and December 31, 2025, include $1.0 billion and $670.1 million, respectively, attributable to the VIE, which include $968.5 million and $639.8 million, respectively, of liabilities of the VIE whose creditors have no recourse to the Company. As of March 31, 2026 and December 31, 2025, these liabilities include Accounts Payable of $70.1 million and $87.4 million, respectively; Accrued liabilitiesof $84.9 million and $74.5 million, respectively; Lease liabilities, current of $5.7 million and $5.4 million, respectively; Lease liabilities, non-current of $16.8 million and $15.7 million, respectively; JV warrant obligation of $84.2 million and $101.9 million, respectively; DOE Loan of $702.9 million and $351.0 million, respectively; Reclamation liabilities of$0.5 million and $0.5 million, respectively; and, Other liabilities, non-current of $3.5 million and $3.5 million, respectively.

(Expressed in thousands of U.S. dollars, except for per share amounts and shares in thousands)