Lithium Americas Announces Appointment of Luke Colton as EVP and CFO
07 January 2025 - 10:57PM
Business Wire
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC)
(“Lithium Americas” or the “Company”) today announced
the appointment of Luke Colton as Executive Vice President
(“EVP”) and Chief Financial Officer (“CFO”),
effective Wednesday, January 29, 2025.
“The success of our team is having the right people in the right
roles at the right time,” said Jonathan Evans, President and CEO.
“Luke’s previous experience developing large-scale capital
projects, as well as working with joint venture partners, will be
key as Lithium Americas transitions Thacker Pass into major
construction in 2025. We are very pleased to have onboard an
experienced professional with deep financial management and
controls experience as we advance shareholder value by developing a
North American lithium supply chain.”
Mr. Colton is a seasoned mining executive with significant
financial, statutory, commercial and leadership experience spanning
over two decades across multiple global jurisdictions. Most
recently, Mr. Colton was CFO of Minova International from mid-2023
to late-2024, responsible for finance, treasury and taxation, and
was an important member of Minova’s senior leadership team.
Previously, Mr. Colton spent over five years at Turquoise Hill
Resources (“THR”) as the CFO, and was a director of Oyu
Tolgoi, overseeing the development of a multi-billion-dollar copper
open pit and underground mine in Mongolia and the privatization of
THR by Rio Tinto. His previous experience includes CFO of Richards
Bay Minerals, and he held progressively more senior roles at Rio
Tinto including Manager Financial, Capital Accounting and
Compliance for Rio Tinto Iron Ore; Principle, Valuations and
Analysis for Rio Tinto Controllers; and Manager, Reporting and
Control for Rio Tinto Energy America. Mr. Colton began his career
at Ernst & Young and holds a Masters of Accountancy from
Brigham Young University.
ABOUT LITHIUM AMERICAS
Lithium Americas is committed to responsibly developing Thacker
Pass located in Humboldt County in northern Nevada, which hosts the
largest known lithium Measured and Indicated resource and Proven
and Probable reserve in the world. Thacker Pass is owned by a joint
venture between Lithium Americas (holding a 62% interest and is the
manager of the Project), and General Motors Holdings LLC (holding a
38% interest). The Company is focused on advancing Thacker Pass
Phase 1 toward production, targeting nominal design capacity of
40,000 tonnes per year of battery-quality lithium carbonate. The
Company and its engineering, procurement and construction
management contractor, Bechtel, entered into a National
Construction Agreement (Project Labor Agreement) with North
America’s Building Trades Unions for construction of Thacker Pass.
The three-year construction build is expected to create nearly
2,000 direct jobs, including 1,800 skilled contractors. Lithium
Americas’ shares are listed on the Toronto Stock Exchange and New
York Stock Exchange under the symbol LAC. To learn more, visit
www.lithiumamericas.com or follow @LithiumAmericas on social
media.
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation, and
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as “forward-looking information”
(“FLI”)) and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
“anticipate,” “plan,” “continues,” “estimate,” “expect,” “may,”
“will,” “projects,” “predict,” “proposes,” “potential,” “target,”
“implement,” “scheduled,” “forecast,” “intend,” “would,” “could,”
“might,” “should,” “believe” and similar terminology, or statements
that certain actions, events or results “may,” “could,” “would,”
“might” or “will” be taken, occur or be achieved). FLI statements
in this document are intended to provide LAC security holders and
potential investors with information regarding Lithium Americas,
including management's assessment of the Company and its
subsidiaries' future plans and financial outlook. All
forward-looking statements reflect LAC's beliefs and assumptions
based on information available at the time the statements were made
and as such are not guarantees of future performance. As actual
results could vary significantly from the forward-looking
information, you should not put undue reliance on forward-looking
information and should not use future-oriented information or
financial outlooks for anything other than their intended
purpose.
The FLI contained in this news release is expressly qualified by
these cautionary statements. All FLI in this news release speaks as
of the date of this news release. The Company does not undertake
any obligation to update or revise any FLI, whether as a result of
new information, future events or otherwise, except as required by
law. Additional information about these assumptions and risks and
uncertainties is contained in the Company’s filings with securities
regulators, including the Company’s most recent Annual Report on
Form 20-F and most recent management’s discussion and analysis for
our most recently completed financial year and, if applicable,
interim financial period, which are available on SEDAR+ at
www.sedarplus.ca and on EDGAR at www.sec.gov. All FLI contained in
this news release is expressly qualified by the risk factors set
out in the aforementioned documents.
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version on businesswire.com: https://www.businesswire.com/news/home/20250107980769/en/
INVESTOR CONTACT Virginia Morgan, VP, IR and ESG
+1-778-726-4070 ir@lithiumamericas.com
Lithium Americas (NYSE:LAC)
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