Lithium Argentina Reports Third Quarter 2025 Results and results of PPG Scoping Study

Core Viewpoint - Lithium Argentina AG reported its third quarter 2025 results, highlighting operational performance, production optimization, and a significant new debt facility to enhance shareholder value [1][3][5]. Financial Performance - The company reported a net loss of $64.5 million for Q3 2025, compared to a net loss of $2.4 million in Q3 2024, primarily due to increased costs associated with the Cauchari-Olaroz Project [10][12]. - Revenue for Q3 2025 was $58 million, with an average realized price of approximately $7,522 per tonne of lithium carbonate sold [8][10]. - Cash and cash equivalents as of September 30, 2025, were $64 million, down from $85.5 million at the end of 2024 [10][11]. Production and Costs - Lithium carbonate production totaled approximately 8,300 tonnes in Q3 2025, with a nine-month total of about 24,000 tonnes, keeping the project on track to exceed the low end of the 2025 guidance of 30,000 – 35,000 tonnes [8][10]. - The cost of sales for Q3 2025 was $57 million, with cash operating costs of $6,285 per tonne of lithium carbonate sold [8][10]. Project Developments - The PPG Scoping Study was released, indicating a pathway to large-scale, low-cost production in Salta, with an after-tax NPV of $8.1 billion and an IRR of 33% at a lithium carbonate price of $18,000 per tonne [6][8]. - The PPG Project hosts a 15.1 million tonnes lithium carbonate equivalent resource, positioning it among the largest undeveloped lithium brine resources [8][11]. Strategic Partnerships and Financing - A new $130 million, six-year debt facility from Ganfeng was announced, aimed at optimizing the capital structure and enhancing shareholder value [5][11]. - Ganfeng will hold a 67% stake in the PPG Project following a joint venture consolidation, with Lithium Argentina retaining 33% [11][12]. Future Outlook - The company aims to maintain higher production levels while implementing long-term improvements to strengthen the business [4][6]. - Expansion plans for Cauchari-Olaroz are underway, targeting an additional production capacity of 45,000 tonnes per annum of lithium carbonate equivalent [11].