Lithium Americas (Argentina) (LAAC)

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Lithium Argentina Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-14 20:45
ZUG, Switzerland, May 14, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) today announced its first quarter 2025 results. Unless otherwise stated, results are presented in United States dollar. Sam Pigott, Lithium Argentina’s President and CEO, commented: First-quarter performance highlights our focus on cost discipline at Cauchari-Olaroz. The operation performed as expected, with planned maintenance and optimization activities – aimed at enhancing ...
Lithium Argentina Publishes 2024 Sustainability Report
GlobeNewswire· 2025-05-07 13:27
ZUG, Switzerland, May 07, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG. (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) announces the release of its 2024 Sustainability Report, “Lithium With Purpose” (the “Report”). The Report highlights the Company’s overall Environmental, Social and Governance (“ESG”) progress from January 1 to December 31, 2024. Some of the highlights included in the Report included the following ESG related achievements at Cauchari-Olaroz: Completion of an updated materia ...
Lithium Argentina to Release First Quarter 2025 Results on May 14, 2025
GlobeNewswire· 2025-04-14 21:03
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].
Lithium Argentina and Ganfeng Advance Plan to Jointly Develop the Pozuelos-Pastos Grandes Basins
GlobeNewswire· 2025-04-11 11:04
ZUG, Switzerland, April 11, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG. (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) is pleased to announce that it has executed a Letter of Intent (“LOI”) with Ganfeng Lithium Co. Ltd. (“Ganfeng”) to advance a plan to jointly develop the Pozuelos-Pastos Grandes basins, which includes Ganfeng’s wholly-owned Pozuelos-Pastos Grandes project, the jointly-owned Pastos Grandes project (85% owned by Lithium Argentina and 15% owned by Ganfeng) and Sal de la Puna ...
Lithium Americas (Argentina) (LAAC) - 2024 Q4 - Annual Report
2025-03-28 21:33
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 ...
Lithium Argentina Reports Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-03-17 22:05
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].
Lithium Argentina to Release Fourth Quarter and Full Year 2024 Results on March 17, 2025
GlobeNewswire· 2025-02-14 11:25
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].
Lithium Argentina Completes Corporate Migration to Switzerland
GlobeNewswire· 2025-01-23 12:00
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].
Lithium Argentina Shareholders Approve Corporate Migration to Switzerland
Newsfilter· 2025-01-17 21:30
Core Points - Lithium Americas (Argentina) Corp. has received shareholder approval for its plan to migrate its incorporation from Canada to Switzerland, with 99.23% of voting shareholders in favor [2][3] - The Corporate Migration is expected to take effect around January 23, 2025, pending customary approvals [3] - The company aims to enhance its financial and strategic flexibility while focusing on strengthening operations in Argentina and advancing growth in the electromobility supply chain [3] Company Overview - Lithium Argentina is a producer of lithium carbonate primarily for lithium-ion batteries and electric vehicles, operating the Caucharí-Olaroz lithium brine operation in partnership with Ganfeng Lithium Co., Ltd [5] - The company is actively developing additional lithium resources in Argentina and is listed on both the TSX and NYSE [5]
Lithium Argentina Provides 2024 Production Results, 2025 Guidance and Update on Special Meeting of Shareholders
GlobeNewswire· 2025-01-08 12:22
Core Viewpoint - Lithium Americas (Argentina) Corp. announced its 2024 production results and provided guidance for 2025, highlighting a successful year with a focus on operational excellence and future growth in the lithium industry [1][4]. Production Results - The Caucharí-Olaroz operation produced approximately 25,400 tonnes of lithium carbonate in 2024, achieving production targets [3][7]. - Fourth quarter production reached approximately 8,500 tonnes, marking a 25% increase compared to the third quarter [3]. 2025 Production Guidance - For 2025, the company expects to produce between 30,000 and 35,000 tonnes of lithium carbonate, aiming for higher production rates and lower unit operating costs [4][7]. Technical Report - An updated technical report was filed for the Caucharí-Olaroz operation, reflecting development progress and operational parameters as of December 31, 2024 [5][6]. - The revised long-term operating cost estimate is approximately $6,543 per tonne of lithium carbonate, with an after-tax NPV(8%) for Stage 1 estimated at $3.6 billion [6]. Shareholder Meeting - A special meeting of shareholders is scheduled for January 17, 2025, to approve the redomiciling of the company to Switzerland and amendments to certain resolutions [7][8]. - The Board of Directors recommends shareholders vote in favor of the redomiciling and ancillary resolutions [8]. Governance and Capital Resolutions - Proposed amendments include lowering the maximum upper and lower limits of the capital band from 20% to 10% and adjusting conditional capital for equity incentive plans and financing purposes [9][10][11]. - The company emphasizes its commitment to governance best practices and shareholder interests [13][15]. Company Overview - Lithium Argentina is an emerging producer of lithium carbonate, primarily for lithium-ion batteries and electric vehicles, operating in partnership with Ganfeng at the Caucharí-Olaroz lithium brine operation [21].