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Distributed Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Distributed Operations [abstract]  
Summary of carrying values of assets and liabilities

As at October 3, 2023, the carrying value of Lithium Americas (NewCo) which was distributed comprised the following assets and liabilities:

 

 

 

$

 

Assets

 

 

 

Cash and cash equivalents

 

 

275,499

 

Receivables, prepaids and deposits

 

 

16,877

 

Property, plant and equipment

 

 

131,182

 

Exploration and evaluation assets

 

 

770

 

Investment in Green Technology Metals

 

 

3,590

 

Investment in Ascend Elements

 

 

8,582

 

Assets distributed upon separation

 

 

436,500

 

 

 

 

 

Liabilities

 

 

 

Accounts payable and accrued liabilities

 

 

(17,157

)

Current portion of long-term liabilities

 

 

(808

)

GM transaction derivative liability

 

 

(370

)

Decommissioning provision

 

 

(601

)

Other liabilities

 

 

(4,617

)

Liabilities distributed upon separation

 

 

(23,553

)

 

 

 

 

Net assets distributed upon separation

 

 

412,947

 
Summary of Results and Cash Flows

The results and cash flows of Lithium Americas (NewCo) presented as discontinued operations are as follows:

 

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

$

 

 

$

 

 

$

 

EXPENSES

 

 

 

 

 

 

 

 

 

Exploration and evaluation expenditures

 

 

-

 

 

 

(5,779

)

 

 

(44,464

)

General and administrative

 

 

-

 

 

 

(8,073

)

 

 

(9,544

)

Equity compensation

 

 

-

 

 

 

(5,309

)

 

 

(4,036

)

 

 

 

-

 

 

 

(19,161

)

 

 

(58,044

)

OTHER ITEMS

 

 

 

 

 

 

 

 

 

Transaction costs

 

 

-

 

 

 

(10,095

)

 

 

-

 

Gain/(loss) on financial instruments measured at fair value

 

 

-

 

 

 

32,545

 

 

 

(2,564

)

Finance costs

 

 

-

 

 

 

(43

)

 

 

(447

)

Other (loss)/income

 

 

-

 

 

 

(10

)

 

 

14

 

Gain on distribution of assets upon separation

 

 

 

 

 

1,267,552

 

 

 

-

 

 

 

 

-

 

 

 

1,289,949

 

 

 

(2,997

)

 

 

 

 

 

 

 

 

 

 

INCOME/(LOSS) FROM DISCONTINUED OPERATIONS

 

 

-

 

 

 

1,270,788

 

 

 

(61,041

)

 

4.
DISTRIBUTED OPERATIONS (continued)

 

 

 

Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

$

 

 

$

 

 

$

 

Cash used in operating activities of discontinued operations

 

 

-

 

 

 

(30,679

)

 

 

(48,453

)

Cash used in investing activities of discontinued operations

 

 

-

 

 

 

(116,804

)

 

 

(20,320

)

Cash provided/(used) in financing activities of discontinued operations

 

 

-

 

 

 

302,755

 

 

 

(374

)