Lithium Argentina AG

Overview

The Company is a Canadian-based emerging producer of lithium carbonate for use predominantly in lithium-ion batteries and electric vehicles. The Company holds a 44.8% interest in the Caucharí-Olaroz Project in Jujuy, Argentina, which achieved first lithium in June 2023, a 100% interest in the Pastos Grandes Project in Salta, Argentina (which interest is subject to the Pastos Grandes Transaction; see “Description of the Business – Pastos Grandes Project – Recent Developments”), and a 65% interest in the Sal de la Puna Project in Salta, Argentina. In addition, the Company owns the Antofalla Project in the Province of Catamarca, Argentina.

The Company is focused on ramping up the Caucharí-Olaroz Project to bring Stage 1 operations to the full capacity of 40,000 tonnes per annum lithium carbonate. Once at full capacity, the Caucharí-Olaroz Project is expected to be the largest known new battery-quality lithium carbonate brine operation to come into production in over 20 years. The Company is also focused on advancing the development of additional lithium resources in the region, including its Pastos Grandes Project.

The following is a summary of the key corporate developments and other investments and acquisitions that have generally influenced the development of the Company’s business and projects over the past three years. Additional matters of significance related directly to the Caucharí-Olaroz Project and the Pastos Grandes Project are included below under “Description of the Business – Caucharí-Olaroz Project” and “Description of the Business – Pastos Grandes Project”.