Lithium Argentina AG (LAR) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of Lithium Americas Corp. Please note that today's meeting is being recorded. [Operator Instructions] It is now my pleasure to turn today's meeting over to George Ireland, Mr. Ireland, the floor is yours.

Thank you. Good morning. I would like to welcome everyone to the Annual General Meeting of Shareholders of Lithium Americas Corporation. My name is George Ireland, and I'm the Chairman of the Board of Directors. In accordance with the company articles, I will act as Chair of this meeting. As this meeting is being held virtually by live webcast, we'd like to explain a few rules for the orderly conduct of the meeting. One, questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder using the instant messaging service of the virtual interface. We thank everyone for attending and for your interest in our company. All participants attending the meeting will be able to ask questions, including registered shareholders and guests. Two, management will vet questions and provide responses to appropriate questions in their discretion. The Q&A session will be held at the end of the meeting. Questions about procedural matters or directly related to motions under consideration during the meeting may be addressed during the meeting at management's discretion. Three, for the purposes of the meeting today, voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on all -- on each business item after the presentation of all business items. Four, when you're asked to vote, you'll receive a message on the virtual interface requesting you to register your votes. The polls have been open since the start of the meeting and will remain open for the amount of time specified later during this meeting. You may vote on all motions while the polls are open. If you have previously completed a proxy, you are reminded not to vote in the online poll. Doing so will override your original voting instructions. We will now proceed with the formal portion of today's meeting. To expedite the formal business, I will move and second all motions. I now ask that the Annual General Meeting of the Shareholders of the company come to order. I appoint Jenna Virk, Corporate Secretary and Director of Legal Affairs of the company, to act as recording secretary for the meeting. For the purposes of this meeting, I appoint Computershare Investor Services, who I will refer to as Computershare during today's meeting, through its representatives as scrutineers to process the votes of any polls taken at this meeting and to report the voting results to Ms. Virk and myself. Moving on. The items of business for today's meeting are set out in the management information circular of the company dated May 6, 2022. The notice calling this meeting, the management information circular, the formal proxy and other meeting materials were mailed to shareholders on or about May 13, 2022. Unless there is an objection, I will dispense with the reading of the Notice of Meeting. Copies of all meeting materials are available under the company's profile on the SEDAR and EDGAR websites. Our transfer agent, Computershare, has attested to the proper mailing of this notice calling this meeting and is filed with me proof of service of the mailing. I direct that a copy of the proof of service be annexed to the minutes of this meeting as scheduled. I've been advised that voting shares representing more than 5% of all outstanding voting shares of the company are present at the meeting. As such, we have a quorum of shareholders present, and the meeting is duly called and duly -- is called and duly constituted for the transaction of business. I have received the scrutineer's report, which I direct be annexed to the minutes of the meeting as a schedule. As the first item of business on today's agenda, I will now present the meeting, the December 31, 2021, audited consolidated financial statements of the company, together with the auditor's report. Print copies of these documents have been mailed to shareholders who requested them. Electronic copies are available on the SEDAR, EDGAR and Lithium Americas websites. I do not propose to read these meeting -- these documents at this meeting. The next item of business is the approval of a resolution to fix the number of directors. I move and second a motion to set the number of directors of the company at 9. Unless there are any questions, I will move on to the next item of business. Moving on, the company has previously adopted an advanced notice policy that sets out the process for nominations of directors by shareholders in certain circumstances. The company did not receive notice of any nominations for this meeting under the advanced notice policy. As such, the individuals nominated by the management are the only persons eligible to be nominated for election to the Board of Directors at this meeting. Management has nominated 9 individuals for election by shareholders as described in the circular. Each will hold office until the conclusion of the company's next Annual Meeting of Shareholders, unless that person ceases to be a director before such time. The nominees standing for election are: Fabiana Chubbs, Kelvin Dushnisky, Jonathan Evans, Dr. Yuan Gao, John Kanellitsas, Jinhee Magie, Franco Mignacco, Xiaoshen Wang and myself, George Ireland. The nominees have each confirmed that they are willing to serve as a director. Since there are no other nominations, I move and second a motion to elect the directors. Unless there are any questions, I'll move on to the next item of business. The next item is the appointment of the company's auditors for the ensuing year and authorizing the directors of the company to fix the auditor's remuneration. I move and second that PricewaterhouseCoopers LLP be appointed auditors of the company until the next Annual Meeting of Shareholders and the Board of Directors of the company be authorized to fix their remuneration. As mentioned, voting today will be conducted by electronic ballot. I will now take a moment to ask that the balloting be open to registered shareholders and appointed proxy holders for approximately 2 minutes. [Voting]

The polls have been open since the start of this meeting. All registered holders and proxy holders who have properly logged in with their control members and wish to vote will see the screen -- on the screen all motions under consideration for voting purposes at this meeting. Please register your votes by accessing the voting page and selecting the for or against button next to the motion to set the number of directors at 9. Please register your votes for selecting the for or withhold button next to the name of each proposed director and next to the resolution for the appointment of PricewaterhouseCoopers LLP as the company auditors and authorizing directors to set their remuneration. We will provide registered shareholders and duly appointed proxy holders approximately 1 more minute to complete the electronic ballots. [Voting]

Once electronic balloting closes, the voting page will disappear, and your votes will be submitted automatically. Based on the number of votes received prior to the proxy cutoff time of 10:00 a.m. Pacific on June 17, 2022, I will ask that the scrutineer compile the report regarding the results of voting on all business matters and send the results to the Corporate Secretary. The results will be announced and published on SEDAR and by press release. I also direct that the results of the poll be included with the minutes of this meeting. All items of business as per the Notice of Meeting have now been dealt with. I move and second that the formal meeting now terminate, and the formal meeting is now concluded. I will now turn the meeting over to our esteemed CEO, Jonathan Evans, who is also President of Lithium Americas Corporation for a question-and-answer session.

Hello, everyone. Thank you for attending today's meeting. The latest corporate presentation can be found on our website. I'm happy to take questions regarding that. [Operator Instructions] There being no further questions, that concludes our meeting today. Thank you all for attending today's AGM and for your continued support of Lithium Americas Corporation. Thank you.

This concludes the meeting. You may now disconnect.