Lithium Argentina AG (LAR) News & EventsLARLithium Argentina AG

Lithium Argentina Repurchases $200M Convertible Notes

Lithium Argentina announced that it has repurchased $200M aggregate principal amount of its convertible senior notes due January 2027 in privately negotiated transactions with a limited number of qualified institutional buyers for approximately $198M in cash, plus accrued interest. The repurchases were funded with cash on hand, including proceeds of the $180M strategic investment from Ganfeng Lithium Group Co., Ltd. that closed on September 15, 2026. Following the repurchases, approximately $59M aggregate principal amount of the 2027 Notes remains outstanding. Lithium Argentina intends to repay the remaining balance at or before its January 15, 2027 maturity from cash on hand, which exceeded $100M following the repurchases, further reducing its overall debt.

Ganfeng Lithium and Lithium Argentina Finalize Joint Venture Agreement

Lithium Argentina and Ganfeng Lithium announced they have entered into definitive agreements to finalize the new joint venture consolidating the Pozuelos-Pastos Grandes projects in Salta Province, Argentina. Concurrently, Ganfeng has agreed to invest $180M in Lithium Argentina through a six-year unsecured convertible note with a 4% coupon and convertible into Lithium Argentina's common shares at $12.50 per share. The conversion price represents a premium of approximately 96% to the five-day volume-weighted average price of the company's common shares on the NYSE for the period ending August 21. Proceeds, together with cash on hand, are intended to be used to fully repay the Company's $259M convertible debt due January 2027, extending the company's debt maturity profile on an unsecured basis and strengthening the balance sheet. Ganfeng and Lithium Argentina hold 67% and 33% of the joint partnership, respectively.

Cauchari-Olaroz Reports Q2 Revenue of $174M, Net Debt Reduced by $114M

Reports Q2 revenue $174M. "Cauchari-Olaroz delivered another quarter of consistent, strong performance, generating more than $141 million of free cash flow from operations. The team safely completed a planned shutdown while advancing optimization and debottlenecking initiatives and remaining on track to achieve production guidance. This cash generation enabled a $114M reduction in net debt while supporting distributions to the joint venture partners. The operation further strengthened its balance sheet, entering new debt facilities with international banks at an attractive interest rate under 5%, providing added flexibility to support future distributions and fund growth plans...With RIGI approval now in place, early development activities are underway and we look forward to sharing an updated development plan in the coming months. With high-quality, low-cost operations, meaningful cash flow generation and a clear, phased path to growth, we believe the company is well positioned to deliver long-term value for our shareholders."