Target Hospitality signs $140M multi-year contract with Lithium Americas for Nevada workforce hub; provides 2025 outlook

Target Hospitality Corp.

Multi-year construction and services agreement with Lithium Americas to support Thacker Pass lithium project.
Workforce Hub near Winnemucca, NV will house up to 2,000 individuals; first occupancy mid-2025, completion by year-end 2025.
Total expected revenue ~$140M over initial term with ~$76M committed minimum (~$68M in 2025).
Company plans $15-20M growth capital for regional network expansion.
Preliminary 2025 outlook: revenue $385-395M, adjusted EBITDA $150-160M.

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