April 4, 2022

Lithium Americas (NYSE:LAC) CEO Jonathan Evans Interview

Midas Letter
Midas Letter
Lithium Americas (NYSE:LAC) CEO Jonathan Evans Interview

Have you seen gas prices? Oil needs to be a thing of the past. The world needs clean energy alternatives. That is why commodities like lithium are going to keep growing in importance. Coupled with the shift to electric vehicles (EVs), the battery metal demand will only keep exponentially rising. Lithium Americas Corp (TSE:LACNYSE:LAC) presents a compelling opportunity to take advantage of the booming lithium price trend.

“If you look where we are this year, I’ll call in 500k tonnes of demand this year. By the end of 2025, you’re looking at a million. So the industry doubling in the next four years and then more than doubling after that from 2025 to 2030, it’s over 2 million tonnes. If you ask Elon Musk, he’ll tell you it’s 3 million and he’s typically been right” – Lithium Americas CEO Jonathan Evans

Lithium Americas focuses on advancing three lithium projects in Argentina and the United States to production. The company expects production at one of its sites within the year.

The company’s Thacker Pass project is one of the largest lithium opportunities in the USA. With that Nevada project potentially spinning off into a separate public pure North American play. However, $LAC is awaiting a court decision to break that ground.

Lithium Americas announced a US$511 million cash position in its latest financials, putting the company in a good place financially given the stage of its projects.

“We are very strong now. We have the resources to be able to move these projects forward at the right pace. Also we can be thoughtful about who we partner with. At the same time, the market has really developed very favourably. I don’t think anyone expected the EV adoption rate to be what it is today.” – Lithium Americas CEO Jonathan Evans

The lithium supply and demand inequality will only get worse. Watch the full interview to see why Lithium Americas makes a solid case to be a significant player on the supply side of that equation.


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