Lithium Argentina AG

Regional Growth and Cauchari-Olaroz Expansion

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Regional Growth: Lithium Argentina and Ganfeng continue to advance the joint development of the Pozuelos-Pastos Grandes basins, which includes Ganfeng’s wholly-owned Pozuelos-Pastos Grandes project, the jointly-owned Pastos Grandes project (85% owned by Lithium Argentina and 15% owned by Ganfeng), and Sal de la Puna project (65% owned by Lithium Argentina and 35% owned by Ganfeng) in Argentina (collectively, “PPG”).

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A comprehensive feasibility study, evaluating options for up to 150,000 tpa of lithium carbonate equivalent (“LCE”) through a hybrid Direct Lithium Extraction (“DLE”) process will be completed by the end of the year.

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Ganfeng and Lithium Argentina are jointly exploring financing options, including collaboration with potential customers and strategic partners for offtake and minority ownership interests.

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DLE Demonstration Plant: Development of the 5,000 tpa demonstration plant continues in China.

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Engineering is ongoing in China and installation of the demonstration plant in Argentina is targeted for 2026.

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Stage 2 Expansion: Cauchari-Olaroz is advancing an expansion plan considering an additional production capacity of 40,000 tpa of LCE (“Stage 2”).

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Stage 2 is expected to utilize the existing Stage 1 infrastructure and solar evaporation process, while also incorporating the new processing technologies.

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An application for Stage 2 is being prepared under Argentina’s large investments’ incentive regime (RIGI) to support potential tax and fiscal benefits.