Thacker Pass Litigation Update

Trident Royalties Plc (AIM:TRR), the diversified mining royalty company, notes the recent announcement regarding the Thacker Pass lithium project (“Thacker Pass” or the “Project”) in Nevada, by the project operator, Lithium Americas Corp. (“LAC”)1. Trident holds a 60% interest in a gross revenue royalty over the entirety of the Project.

Following an oral hearing held by the US District Court, District of Nevada, on 5 January 2023 for the appeal of the issuance of the Record of Decision, the Federal Court reaffirmed no additional hearings or briefings are required and it expects to issue a decision in the next couple of months.

Adam Davidson, Chief Executive Officer of Trident, commented:

“Thacker Pass is a critical project for the USA to establish a robust battery metal supply chain. It is also a cornerstone asset within our portfolio and provides battery metal exposure and significant future revenues.”

References

*Source: Lithium Americas Corp. announcement dated 6 January 2023

( https://www.lithiumamericas.com/news/lithium-americas-provides-update-following-hearing-on-the-thacker-pass-record-of-decision-appeal )