Core Viewpoint - Lithium Argentina AG and Ganfeng Lithium Group have announced the results of the Scoping Study for the Pozuelos-Pastos Grandes lithium brine project, highlighting a significant partnership aimed at advancing lithium production in Argentina [1][4]. Project Overview - The PPG Project integrates three projects owned by Ganfeng and Lithium Argentina, with Ganfeng holding a 67% stake and Lithium Argentina holding 33% [1][14]. - The project is located in Salta Province, Argentina, and is designed to produce primarily lithium carbonate, with flexibility for lithium hydroxide and lithium chloride [12][9]. Environmental Approval - The Environmental Impact Statement (DIA) for Stage 1 of the PPG Project was issued by the Secretariat of Mining and Energy of Salta Province after a 14-month review [2][5]. Scoping Study Results - The Scoping Study indicates an annual production capacity of 150,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) over a 30-year project life, with Stage 1 targeting 50,000 tpa [6][7]. - The project has a measured and indicated resource of 15.1 million tonnes (Mt) of LCE, making it one of the largest undeveloped lithium brine resources globally [7]. Economic Metrics - The estimated initial capital cost for Stage 1 is $1.1 billion, with a total capital cost of $3.3 billion over the project's life [8][22]. - At a lithium carbonate price of $18,000 per tonne, the after-tax NPV at an 8% discount rate is projected to be $8.1 billion, with an internal rate of return (IRR) of 33% [8][27]. Operating Costs - The operating cash cost is estimated at $5,027 per tonne, with an all-in sustaining cost (AISC) of $5,351 per tonne over the project's life [7][38]. - For Stage 1, the projected operating cash cost is $5,344 per tonne [20][38]. Financing and Development - The company is exploring financing options, including debt, offtake agreements, and minority equity investments to support Stage 1 development [35][36]. - The project aims to leverage Argentina's Régimen de Incentivo para Grandes Inversiones (RIGI) framework to enhance long-term competitiveness and improve after-tax cash flow [21]. Next Steps - The RIGI application is expected to be submitted in the first half of 2026, following the receipt of the environmental permit [35][21]. - A technical report compliant with NI 43-101 standards will be filed within 45 days of the announcement [5][40].

Core Viewpoint - Galan Lithium Limited has received approval for its Hombre Muerto West Project under Argentina's RIGI incentive regime, which is expected to enhance the project's competitiveness and long-term value [1][4][5]. Group 1: RIGI Approval and Its Implications - The RIGI is a significant investment framework aimed at promoting large-scale investments in key sectors like mining, providing long-term certainty on tax and foreign exchange regulations [2][5]. - Hombre Muerto West is the sixth project to receive RIGI approval in Argentina and the second in the mining sector, following Rio Tinto's Rincon project [3]. - The approval of RIGI is seen as a major milestone for Galan, strengthening its position as a low-cost lithium producer [4]. Group 2: Project Details and Economic Benefits - Hombre Muerto West is a multi-decade lithium brine project with a Phase 1 production target of 4,000 tons per annum (ktpa) of lithium carbonate equivalent (LCE), projected to last for 40 years [6]. - The company has secured an offtake agreement for 45,000 tons of LCE production, with plans to scale up to 60 ktpa by the end of Phase 4 [6]. - The project benefits from a world-class resource and a cost profile within the first quartile globally, allowing for lower capital intensity and risk compared to hard rock lithium projects [7]. Group 3: Strategic Importance of Lithium - Lithium chloride produced at Hombre Muerto West is a key component for lithium iron phosphate (LFP) batteries, which dominate the global battery market [8]. - The RIGI provides several key benefits, including a 10% reduction in corporate income tax to 25%, fiscal stability for 30 years, preferential access to currency markets, customs and tariff exemptions, and accelerated depreciation [10].

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].