XML 304 R37.htm IDEA: XBRL DOCUMENT

Sal De La Puna Joint Venture (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about business combination [line items]

Summary of Consideration Transferred for Asset Acquisition

Consideration for the purchase is as follows:


		$
Cash		28
Pre-existing investment in Arena Minerals shares and warrants			18,388
Lithium Americas common shares			163,203
Transaction costs			4,186
Consideration given			185,805

Summary of Assets Acquired and Liabilities Received Asset Acquistion

The allocation of the purchase price to the assets acquired and liabilities assumed is based upon estimated fair values at the date of acquisition as set out below:


		$
Cash and cash equivalents			4,538
Receivables, prepaids and deposits		902
Property, plant and equipment		55
Exploration and evaluation assets			1,385
Investment in Sal de la Puna Project			182,136
Accounts payable and accrued liabilities			(3,211	)
Net assets acquired			185,805

Summary of Joint Arrangement Accounted For Using Equity Method

The Company’s 65% ownership interest in Sal de la Puna is a joint venture and is accounted for using the equity method of accounting. Changes in the investment balance are summarized below:


		$
Investment in Sal de la Puna, as at December 31, 2022			-
Acquisition of interest in Sal de la Puna			182,136
Share of loss of Sal de la Puna			(866	)
Investment in Sal de la Puna, as at December 31, 2023			181,270
Contribution to investment in Sal de la Puna			2,113
Share of loss of Sal de la Puna			(176	)
Investment in Sal de la Puna, as at December 31, 2024			183,207

Sal de la Puna Holdings

Disclosure of detailed information about business combination [line items]

Schedule of Amounts Presented in Financial Statements of Joint Venture

The following is the condensed financial information of Sal de la Puna Holdings Ltd. on a 100% basis.


		December 31, 2024				December 31, 2023
		$				$
Current assets
Cash and cash equivalents			49				88
Other current assets			1,540				348
Total current assets			1,589				436
Non-current assets (including purchase price allocation adjustments)			280,470				280,481
Current liabilities			(202	)			(2,040	)
Net assets			281,857				278,877

LAR's share of Sal de la Puna's net assets			183,207				181,270

6.

SAL DE LA PUNA JOINT VENTURE (continued)


		Years Ended December 31,
		2024				2023			2022
		$				$			$
EXPENSES
Exploration and evaluation expenditures			479				1,772			5,017
General and administrative			522				231			354
			1,001				2,003			5,371

Foreign exchange and other (income)/loss			(730	)			762			(3,563	)
Net loss			271				2,765			1,808