Lithium Argentina Reports Fourth Quarter and Full Year 2025 Results

The most recent news (March 23, 2026) reports full-year 2025 results. Key highlights include: - Production of 34,100 tonnes of lithium carbonate at Cauchari-Olaroz, hitting the high end of the 30k–35k guidance. - 2026 production guidance set at 35,000–40,000 tonnes. - Q4 2025 cash operating costs were $5,618/t, a significant improvement from $6,285/t in Q3 2025. - Realized price in Q4 2025 was $9,049/t, but the company expects a jump to ~$17,000/t in Q1 2026. - A massive resource update (March 11, 2026) increased Measured & Indicated resources by 42% to 28.1 Mt LCE. - Secured a $130 million debt facility from Ganfeng at SOFR + 2.5% to strengthen the balance sheet.

The news is Routine - Positive. While the production figures and cost reductions are excellent, they were largely telegraphed in the January 2026 preliminary update. - Operational Maturity: Achieving 97% nameplate capacity in Q4 2025 proves the asset is technically sound. - Cost Leadership: Costs below $6,000/t place the company in the lower quartile of global producers, providing a safety buffer against volatile lithium prices. - Growth Pipeline: The PPG Scoping Study (NPV of $8.1B) and the 42% resource increase at Cauchari-Olaroz provide a clear path to 150k+ tpa, but these require massive future CAPEX ($1.1B for PPG Stage 1). - Pricing Outlook: The projection of $17,000/t realized price for Q1 2026 is a significant material uplift from the $9,049/t seen in Q4 2025, suggesting a shift in contract mix or market recovery.

Lithium Argentina operates the Cauchari-Olaroz lithium brine project in Jujuy, Argentina (44.8% interest). It is currently the largest lithium brine operation in Argentina. The company is also developing the Pozuelos-Pastos Grandes (PPG) project (33% interest) in Salta, which is envisioned as a massive 150,000 tpa LCE cluster in partnership with Ganfeng Lithium.