Other renewables

First Ever Cross-Canada Tour of a Purely Electric Vehicles

On August 17th, Mitsubishi’s innovative four passenger electric, zero tailpipe emission car, the i-MiEV (Mitsubishi Innovative Electric Vehicle), will leave St. John’s, Newfoundland on a 28 day coast to coast tour. The electric car, powered by high capacity lithium-ion batteries, will cover approximately 7,500 kilometres before arriving in Vancouver, British Columbia on September 13th at the EV (Electric Vehicle) 2010 Conference and Trade Show.

"Lithium Americas is delighted to be a corporate partner of Mitsubishi Motor Sales of Canada Ltd’s i-MiEV Clean Across Canada Tour," said Waldo Perez, President and CEO of Lithium Americas.

"We share Mitsubishi Motor’s belief regarding responsibility to our environment. It is our hope that, as Canadian’s witness first hand, through the i-MiEV’s cross-Canada tour, the developments made in electric vehicle technology, automotive consumers will quickly begin to embrace the environmental benefits associated with driving an electric-powered vehicle like the Mitsubishi i-MiEV. We look forward to the day that the lithium required to run the i-MiEV comes from our Company."

Lithium Americas is focussed on developing one of the world’s largest lithium brine resources. The demand for lithium carbonate is expected to more than triple by the year 2020, with the majority of the demand growth expected to come from the automobile industry’s electrification of the automobile using lithium-ion battery technology, such as that evidenced by the Mitsubishi i-MiEV.

Lithium Americas Corp. is an exploration company focused on the exploration of lithium, potassium, borax and other minerals in South America. The Company’s principal and most advanced property comprises a significant portion of two adjacent Argentinean salt lakes, Cauchari and Olaroz, covering 43,451 hectares located in the Puna Plateau.
 
The Puna Plateau is the most prolific brine reserve region globally, hosting approximately 84 percent of the world’s lithium brine reserves. Based on an NI 43-101 compliant inferred in situ resource estimate of 1.58 x 10(12) litres with average grade of 584 mg/L lithium and 4,860 mg/L potassium (equivalent to 4.9 million tonnes of lithium carbonate and 7.7 million tonnes of potassium), Lithium Americas’ principal property is one of the largest known lithium brine deposits in the world.

The Company believes the Cauchari and Olaroz property has the potential of becoming a world-class lithium deposit in both size and quality. Magna International and Mitsubishi Corporation are equity shareholders in the Company, in addition to both having off-take arrangements with Lithium Americas.

www.lithiumamericas.com