Lithium Argentina AG Q4 2025 Earnings Call Summary

Cauchari-Olaroz reached 97% capacity in Q4 2025, driven by optimized brine management, wellfield stability, and reduced reagent usage. Cash costs declined 30% since Q1 2024 to $5,600 per ton, reflecting structural improvements in variable costs rather than just fixed-cost dilution. The long-term cost estimate was revised downward by 17% to $5,400 per ton, positioning the asset in the first quartile of the global cost curve. Management attributes the successful ramp-up to the design of the stage one ...