The Amendment provides USCM with a clear path to acquire a 100% ownership interest in the McDermitt East Lithium Project (the " Project " or " McDermitt East "), located in the McDermitt Caldera, one of the largest lithium districts in North America. 1 The McDermitt Caldera is anchored by the Thacker Pass Project, currently being constructed by Lithium Americas. The U.S. government recently acquired an equity stake in Lithium Americas and released the first tranche of a project construction loan.