Lithium Argentina AG - LAR STOCK NEWS

Lithium Argentina (TSX: LAR, NYSE: LAR) has signed a Letter of Intent with Ganfeng Lithium to jointly develop the Pozuelos-Pastos Grandes (PPG) basins in Argentina. The partnership aims to consolidate multiple projects: Ganfeng's wholly-owned Pozuelos-Pastos Grandes project, the jointly-owned Pastos Grandes project (85% LAR, 15% Ganfeng), and Sal de la Puna project (65% LAR, 35% Ganfeng).

The development plan targets a combined capacity of up to 150,000 tonnes per annum of lithium carbonate equivalent, utilizing solar evaporation and direct lithium extraction (DLE) technology. A 5,000 tpa DLE demonstration plant is being manufactured for installation at the Cauchari-Olaroz operation, expected to complete later this year.

The companies are exploring financing options, including potential customer collaborations and strategic partnerships for offtake and minority ownership. The joint venture remains subject to definitive documentation, development plan completion, regulatory approvals, and other closing conditions.

Lithium Argentina (NYSE: LAR) reported strong operational performance for 2024, with its Cauchari-Olaroz facility becoming Argentina's largest lithium carbonate operation. The facility achieved 25,400 tonnes of lithium carbonate production in 2024, exceeding guidance, with Q4 production reaching 8,500 tonnes at 85% of design capacity.

Key financial metrics include revenue of $198 million with average realized price of $7,800 per tonne, and cash operating costs of $7,130 per tonne. The company reduced project-level debt from $350 million to $210 million. For 2025, production guidance is set at 30,000-35,000 tonnes, with expected similar operating costs to 2024.

The company is implementing new processing technologies, including a solvent extraction DLE process, with a 5,000 tpa demonstration plant expected to begin commissioning by end of 2025. Future expansion plans include Stage 2 development for additional 40,000 tpa capacity and regional growth targeting up to 150,000 tpa of LCE production.

Lithium Argentina AG (TSX: LAR) (NYSE: LAR) has announced it will release its fourth quarter and full year 2024 financial results after market close on Monday, March 17, 2025. The company will host a webcast and conference call to discuss these results on Tuesday, March 18, 2025, at 10:00 a.m. ET.

A webcast replay will be made available through the company's Investor Relations section of their website following the event. Interested parties can access the live webcast through the provided attendee URL.

Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), formerly known as Lithium Americas (Argentina) Corp., has successfully completed its corporate migration from Canada to Switzerland. As part of this transition, the company will maintain its listings on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE), but will trade under the new symbol 'LAR' starting January 27, 2025. The company will continue to comply with public company reporting requirements under both Canadian and U.S. securities laws.