Financial Data and Key Metrics Changes - The company reported a revenue increase despite softer market prices, attributed to higher production volumes [5] - Average realized price for lithium carbonate was $7,400 per tonne, an 8% decrease compared to the previous quarter [6] - Operating costs decreased approximately 8% quarter on quarter, reaching $6,100 per tonne [6][7] Business Line Data and Key Metrics Changes - At Qachari Olaroz, production volumes reached 8,500 tonnes of lithium carbonate for the second quarter, with a total of 15,700 tonnes in the first half [6] - The company is confident in reaching its full-year production guidance of 30,000 to 35,000 tonnes [4] Market Data and Key Metrics Changes - Lithium prices have shown increased volatility, currently just over $10,000 per tonne, but the company believes lower prices are not sustainable due to strong global growth and the need for new supply [8][9] - The pricing discount received was approximately $2,000 per tonne, similar to Q1, reflecting taxes and reprocessing costs [26][47] Company Strategy and Development Direction - The growth strategy targets over 200,000 tonnes per year of lithium carbonate equivalent capacity, leveraging expansion at existing operations and regional growth projects [10] - The company aims to consolidate projects in the Pizuelos and Patos Grande Basins, positioning itself for one of the largest lithium operations globally [10][11] - Focus remains on operational efficiency, financial flexibility, and maximizing shareholder value while advancing growth initiatives [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to manage price volatility and maintain low production costs [17][18] - The company anticipates that the second half of the year will see larger volume production compared to the first half [44] - There is a strong demand from Ganfeng, indicating a well-sold order book for the company's products [40] Other Important Information - The company secured $120 million in new bank facilities to support working capital as operations advance [4] - A feasibility study for regional growth projects is expected to be completed by the end of the year [20] Q&A Session Summary Question: Impact of CATL shutting down mines in China on lithium market - Management is monitoring developments related to China's anti-involution policies and believes current pricing is unsustainable in the long term [16][18] Question: Pricing discounts and expectations for the rest of the year - The pricing discount was approximately $2,000, similar to Q1, and operational stability is expected to improve through Q3 and Q4 [26][28] Question: Visibility into Q3 and Q4 order book and pricing - The majority of the product is under offtake agreements, primarily with Ganfeng, ensuring strong demand [40] Question: Financial health of Ganfeng as a partner - Ganfeng is seen as a strong partner with access to capital and a focus on low-cost projects, prioritizing Argentina for investment [56][58]

LITHIUM ARGENTINA / EARNINGS PRESENTATION NYSE & TSX: NYSE & TSX: NYSE & TSX: LARLAR From earth to energy Q2 2025 Earnings Call This presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as "forward-looking information"). These statements relate to future events or the Company's future perform ...

Core Insights - Lithium Argentina AG reported its first quarter 2025 results, highlighting a focus on cost discipline and operational optimization at the Cauchari-Olaroz lithium brine operation [1][2][3] Production and Operating Performance - Lithium carbonate production for Q1 2025 totaled 7,200 tonnes, a 15% decrease from Q4 2024, primarily due to planned maintenance [6] - The company reaffirmed its 2025 production guidance of 30,000 to 35,000 tonnes, expecting higher production volumes in the latter half of the year [6] - In April 2025, production capacity returned to over 85% following maintenance activities [6] Financial Performance - Revenue for Q1 2025 was $58 million, with an average realized price of approximately $8,085 per tonne of lithium carbonate sold [6] - The company reported a net loss of $7.2 million for Q1 2025, an improvement from a net loss of $10.2 million in the same period last year [8] - Cash operating costs were approximately $6,634 per tonne, maintaining a competitive position as a low-cost producer [2][8] Strategic Initiatives - The company is developing a 5,000 tonnes per annum demonstration plant in China to confirm new processing technology [6] - A letter of intent has been executed with Ganfeng to jointly develop the Pozuelos-Pastos Grandes projects, targeting a production capacity of up to 150,000 tonnes per annum of lithium carbonate equivalent [6] - Cauchari-Olaroz is advancing a Stage 2 expansion plan, considering an additional production capacity of 40,000 tonnes per annum [6] Financial Position - As of March 31, 2025, the company had $73.9 million in cash and cash equivalents and a $75 million undrawn credit facility with Ganfeng [11] - The company incurred $5 million in costs related to its corporate migration to Switzerland during Q1 2025 [11] - Minera Exar S.A. had approximately $218 million of net debt, with a new $150 million bank facility expected to close in Q2 2025 [11]

Core Insights - Lithium Argentina AG released its 2024 Sustainability Report titled "Lithium With Purpose," showcasing its Environmental, Social, and Governance (ESG) progress for the year 2024 [1]. ESG Achievements - The company completed an updated materiality assessment and conducted a community survey, which revealed a 68% positive opinion from local communities [3]. - There was a 52% reduction in carbon emissions per tonne of lithium carbonate produced [3]. - The water footprint was reduced by 67% per tonne of lithium carbonate produced [3]. - The company received three ISO certifications: ISO 45001 for Health and Safety, ISO 9001 for Quality, and ISO 14001 for Environmental management [3]. - Safety metrics improved in 2024 compared to 2023 [3].

Core Viewpoint - Lithium Argentina AG will release its first quarter 2025 earnings results on May 14, 2025, and will hold a conference call to discuss these results on May 15, 2025, at 10:00am ET [1][2]. Company Overview - Lithium Argentina operates the Cauchari-Olaroz lithium brine operation in Argentina in partnership with Ganfeng and is advancing additional lithium resources in the region [2]. - The company is publicly traded on both the TSX and NYSE [2]. Event Details - The earnings call will be accessible via a webcast on the company's Investor Relations website [1][2]. - The specific URL for the webcast is provided for attendees [2]. Contact Information - For further inquiries, the Investor Relations contact details are provided, including a telephone number and email address [3].

Core Viewpoint - Lithium Argentina AG has signed a Letter of Intent with Ganfeng Lithium Co. Ltd. to jointly develop the Pozuelos-Pastos Grandes basins in Argentina, which includes multiple lithium projects [1][2]. Group 1: Joint Development and Strategic Plans - The LOI establishes a framework for consolidating the Pozuelos-Pastos Grandes (PPG) projects and finalizing a regional development plan [2]. - The development plan aims to utilize solar evaporation and direct lithium extraction (DLE) technologies, targeting a combined capacity of up to 150,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) [2]. - The plan also includes the production of lithium chloride to enhance flexibility for battery market applications [2]. Group 2: Technological Advancements - A 5,000 tpa DLE demonstration plant is being constructed for the Cauchari-Olaroz lithium operation, which is jointly managed by Lithium Argentina and Ganfeng [3]. - The DLE demo plant is expected to improve processing efficiencies, reduce production costs, and lower the environmental impact through decreased water usage [3]. Group 3: Financing and Partnerships - Ganfeng and Lithium Argentina are exploring financing options for the PPG projects, including potential collaborations with customers and strategic partners for offtake and minority ownership interests [4]. - The formation of the joint venture for PPG is contingent upon several conditions, including the finalization of documentation and regulatory approvals [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F (Mark One) OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: Not applicable ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ OR Commission file number: 001-38350 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

Core Viewpoint - Lithium Argentina AG reported strong operational performance in 2024, with the Cauchari-Olaroz lithium carbonate operation becoming the largest in Argentina, achieving over 90% capacity utilization by December 2024 [1][6]. Operational Performance - Lithium carbonate production in 2024 totaled 25,400 tonnes, exceeding production guidance [6]. - Fourth quarter production reached 8,500 tonnes, a 25% increase from the previous quarter, achieving 85% of design capacity [6]. - For 2025, production is guided to be between 30,000 and 35,000 tonnes, with higher output expected in the second half of the year due to planned shutdowns in the first half [6]. Financial Performance - Revenue for 2024 was $198 million, with an average realized price of approximately $7,800 per tonne of lithium carbonate sold [6]. - The company reported a net loss of $15.2 million for 2024, a significant decline from a net income of $1,288.3 million in 2023, primarily due to operational losses and lower gains from financial instruments [10]. - As of December 31, 2024, the company had $86 million in cash and cash equivalents and a $75 million undrawn credit facility with Ganfeng [9]. Debt Management - Project-level debt was reduced from $350 million to $210 million during 2024, supported by Ganfeng's access to low-cost capital [2]. - The company secured longer-term debt facilities with international banks at competitive rates [2]. Future Plans - The company aims to optimize operations further in 2025, focusing on integrating new processing technologies developed by Ganfeng, including a solvent extraction DLE process [3]. - A 5,000 tonnes per annum demonstration plant is expected to begin commissioning later in 2025 [9]. - Plans for Stage 2 expansion include an additional production capacity of 40,000 tonnes per annum, utilizing existing infrastructure and new processing technologies [9]. Regional Development - The company is advancing a regional growth plan in collaboration with Ganfeng, targeting a production capacity of up to 150,000 tonnes per annum across various projects in the Province of Salta [9].

Core Viewpoint - Lithium Argentina AG is set to release its fourth quarter and full year 2024 earnings results on March 17, 2025, followed by a conference call on March 18, 2025, to discuss these results [1][2]. Company Overview - Lithium Argentina is a producer of lithium carbonate, primarily for lithium-ion batteries and electric vehicles [3]. - The company operates the Caucharí-Olaroz lithium brine operation in Argentina in partnership with Ganfeng Lithium Co. Ltd and is advancing the development of additional lithium resources in the region [3]. - The company is publicly traded on the TSX and NYSE under the ticker symbol "LAR" and has its registered and head offices in Zug, Switzerland, with operational headquarters in Buenos Aires, Argentina [3]. Event Details - The earnings call will take place on March 18, 2025, at 10:00 AM Eastern time [2]. - A webcast replay will be available after the event on the company's News and Events page [3].

Corporate Migration - Lithium Argentina AG has completed its corporate migration from Canada to Switzerland, changing its name from Lithium Americas (Argentina) Corp. [1][2] - The company will continue to list its common shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the new symbol "LAR," with trading expected to commence on January 27, 2025 [2]. Company Overview - Lithium Argentina is a producer of lithium carbonate, primarily used in lithium-ion batteries and electric vehicles [3]. - The company operates the Caucharí-Olaroz lithium brine operation in Argentina in partnership with Ganfeng Lithium Co. Ltd and is advancing the development of additional lithium resources in the region [3]. - The registered and head offices of Lithium Argentina are located in Zug, Switzerland, while the operational headquarters are in Buenos Aires, Argentina [3].