Free
Message: Regarding the change in the Timeline for the DFS on Thacker Pass

My initial inquiry, on 15 July 2020... in part:

Wed 7/15/2020 1:53 PM
 
 
 
 
To:
  •  Natalie Whiteway on behalf of Lithium Americas Info
 

Question:   Why has the Timeline for the Thacker Pass DFS been delayed from the previously posted H1, 2020 time frame to the now non-definitive "sometime in the near future" time frame?

 

I understand that the SARS-CoV-2 virus has affected all aspects of our economy, but I don't buy the excuse that it has a prohibitive bearing on release of the DFS.  Your current posted Timeline on the company web site not only doesn't show Q4 for 2019, it also omits the entire year for 2020.  Why has this been changed?  Are you saying that we are in the middle of 15 months of no news re: Thacker Pass?

 

What is going on here?

_____________________________________________________________________________

 

Her reply on 17 July 2020:

 

Thu 7/16/2020 10:49 AM
To:
  •  You
Cc:
  •  Lithium Americas Investor Relations
 

 

Hello ,

 

Thank-you for your email.  Would you have time for a call to discuss the comments and concerns set out in your email below?  If so, please put forward a few dates/times when you are available for a call, along with the best number to reach you on.

 

Thank-you,

Betty Joy LeBlanc, BA, MBA

Director of Corporate Communications

Lithium Americas Corp.

TSX:  LAC  |  NYSE:  LAC

Tel. 604-828-0999

betty.leblanc@lithiumamericas.com

______________________________________________________________________________

 

I sent her back my phone number and a schedule for the following week when I would be available and did not hear from her again until today, 19 August 2020, when I received the following email:

 

Dear Bill,

 

Thank-you for bringing this to our attention.  We have adjusted the Thacker Pass timeline which currently appears on Lithium Americas’ website to reflect the current permitting process, expected record of decision timeframe and definitive feasibility study, as set out below.  Please visit our website where you can click on each of the items set out on the Thacker Pass timeline below, and a text box will open up with detailed information. https://www.lithiumamericas.com/thacker-pass/

 

Additional information can be found on the company’s website as follows:

 

•             Lithium Americas’ news releases:  https://www.lithiumamericas.com/news/

•             Investor Presentation:  https://www.lithiumamericas.com/_resources/presentations/corporate-presentation.pdf

•             Details of the Cauchari-Olaroz construction stage JV lithium brine project in Argentina, including progress videos:  https://www.lithiumamericas.com/cauchari-olaroz/

•             Details of the Thacker Pass permitting and development stage sedimentary (clay) lithium project in northwestern Nevada:  https://www.lithiumamericas.com/thacker-pass/

•             Media coverage of the company including interviews with Jonathan Evans, CEO, and a short NBC video on Thacker Pass titled “America’s Lithium Valley”: https://www.lithiumamericas.com/investors/#media-coverage

 

Pease let me know if you have any questions or require additional information.   I can be reached during regular TSX market hours at 8:30 am – 4:30 pm ET, at 604-828-0999 or via email at betty.leblanc@lithiumamericas.com

 

All the best,

Betty Joy LeBlanc

Director of Corporate Communications

Lithium Americas Corp.

TSX:  LAC  |  NYSE:  LAC

Tel. 604-828-0999

betty.leblanc@lithiumamericas.com

 

______________________________________________________________________________

 

So my concern, expressed as:

Question:   Why has the Timeline for the Thacker Pass DFS been delayed from the previously posted H1, 2020 time frame to the now non-definitive "sometime in the near future" time frame?

 

And

 

"Your current posted Timeline on the company web site not only doesn't show Q4 for 2019, it also omits the entire year for 2020.  Why has this been changed?

 

Isn't definitively answered, but I don't think I am going to get any other answer.  I look at the reply today as akin to a Chamber of Commerce response to the Question:  How is everything going in Toledo?  Just Rosy!

 

I just checked the Timeline published on the company website for Thacker Pass again and 2019 is entirely blanc.  The 2020 portion of the Timeline has been updated since my initial inquiry back on 15  July  and 2020 now has a single entry:  H2 Submit EIS. There is no mention of the Q4 DFS release on the Timeline, so obviously they need to update that to reflect information found elsewhere that now clearly indicate we can expect to see the Thacker Pass DFS in Q4, 2020.

 

Anyway, it is what it is.  In all fairness I didn't call IR, but from her email I was expecting a call from her.  I should have followed up with a call anyway and I didn't.  I suppose it doesn't make much difference IF we actually do see the DFS in 4th Quarter 2020, as now expected.

 

I am appreciative that I did finally get a reply and that Ms LeBlanc left the door open  if I have any further questions. 

Share
New Message
Please login to post a reply