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LithiumAmericas NEWS RELEASE Lithium Americas Reports Second Quarter 2021 Results 8/5/2021 VANCOUVER , British Columbia , Aug. 05 , 2021 ( GLOBE NEWSWIRE ) -- Lithium Americas Corp. ( TSX : LAC ) ( NYSE : LAC ) ( " Lithium Americas " or the " Company " ) has reported unaudited financial and operating results for the second quarter ended June 30 , 2021 . HIGHLIGHTS Caucharí - Olaroz • Construction activities at Caucharí - Olaroz remain on track to achieve first production by mid - 2022 on the initial 40,000 tonnes per annum ( " tpa " ) operation . • As of June 30 , 2021 , capital expenditures committed were $ 545 million ( 85 % of the $ 641 million budget ) , of which $ 471 million ( 73 % of the budget ) has been spent . • • The Company's share of the remaining capital expenditure is expected to be fully funded from available credit . Over 1,200 workers are on site , with over 60 % of the total workforce having received at least their first dose of the COVID - 19 vaccine . • Evaporation ponds are on track to begin liming in the second half of 2021 , with sufficient brine inventory to support production ramp up . • With all major equipment on site , focus is on construction of the chemical and processing plants : • Solid - liquid separation plant is over 73 % complete . • Solvent extraction ( SX ) plant is 65 % complete . • Potassium chloride ( KCI ) plant is over 67 % complete . 1