Lithium Argentina AG
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 21, 2024
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Contents
EX-99.1 · Intercorporate Relationships
Intercorporate Relationships
The corporate structure of the Company, its material subsidiaries, the jurisdiction of incorporation of such corporations and the percentage of equity ownership as at December 31, 2023 are set out in the following chart:
Notes:
(1) Exar Capital provides financing to Minera Exar for purposes of advancing the Caucharí-Olaroz Project.
On March 5, 2024, the Company announced that it and certain of its subsidiaries have executed a definitive agreement with a subsidiary of Ganfeng whereby Ganfeng agrees to acquire US$70 million in newly issued shares of Proyecto Pastos Grandes S.A. (“PPG”), the Company’s indirect wholly-owned Argentinian subsidiary holding the Pastos Grandes Project, which is expected to represent an approximate 14.89% interest in PPG and the project (the “Pastos Grandes Transaction”). Completion of the Pastos Grandes Transaction is expected in the second quarter of 2024 subject to satisfaction of certain conditions, including regulatory approvals of the People’s Republic of China and settlement of applicable transaction agreements. See “Description of the Business – Pastos Grandes Project – Recent Developments”.
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