Trident Royalties: $2.3bn Loan Commitment on Thacker Pass

US DoE Loan

Lithium Americas (NYSE: LAC) has received a loan commitment:

For a conditional US$2.6bn loan

- Under the Advanced Technology Vehicles Manufacturing ("ATVM") Loan Program

- To finance the construction of the processing facilities at Thacker Pass

Impact on Trident Royalties

- Trident holds a net 1.05% gross revenue royalty over Thanker Pass

- Post expected exercise of a partial royalty buyback

- Which would see US$13.2m to Trident

Market Intelligence

- Demonstrates significant commitment by US DoE to Thacker Pass

- Significantly de-risks the Thacker Pass royalty stream

- Positive for TRR following recent decline in lithium spot price