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LithiumAmericas NEWS RELEASE Lithium Americas Reports First Quarter 2021 Results 5/6/2021 VANCOUVER , British Columbia , May 06 , 2021 ( GLOBE NEWSWIRE ) -- Lithium Americas Corp. ( TSX : LAC ) ( NYSE : LAC ) ( " Lithium Americas " or the " Company " ) has reported unaudited financial and operating results for the first quarter ended March 31 , 2021 ( " Q1 2021 " ) . HIGHLIGHTS Caucharí - Olaroz Lithium Project ( " Caucharí - Olaroz " ) : • Construction activities at Caucharí - Olaroz continue to advance to achieve first production in mid - 2022 , with strict COVID - 19 health and safety protocols . No positive cases of COVID - 19 have been reported at site in over seven months . • All major equipment and the majority of bulk materials have been delivered to site . • Construction of the lime plant has been completed with pre - commissioning work ongoing . • Significant progress continues to be made on the KCI plant and site infrastructure . • The solar evaporation ponds are well advanced with sufficient brine inventory to support production ramp up beginning in mid - 2022 . • Following a review of the budget and COVID - 19 related costs , capital expenditures have been revised to $ 641 million ( on a 100 % basis ) , up 13 % from the 2019 estimate of $ 565 million . The revised budget primarily reflects the impact of COVID - 19 , including additional camp capacity , mandatory quarantine period at site and enhanced health and safety protocols , as well as additional contingency to complete the current construction schedule . • As of March 31 , 2021 , capital expenditures committed were $ 521 million , 81 % of the updated capital expenditure budget , of which $ 426 million , 66 % of the budget , has been spent . • The Company's 49 % share of the remaining capital expenditure is $ 105 million and is expected to be 1