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 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].
Lithium Argentina Provides 2024 Production Results, 2025 Guidance and Update on Special Meeting of Shareholders