Lithium Argentina Reports Third Quarter 2025 Results and results of PPG Scoping Study
None
On November 10, 2025, Lithium Argentina released its third-quarter 2025 results and, concurrently, the results of the Scoping Study for its Pozuelos Pastos Grandes (PPG) project.
For Q3 2025, the company reported: - Lithium carbonate production of 8,300 tonnes from its Cauchari-Olaroz project, bringing year-to-date production to 24,000 tonnes. - An average realized price of $7,522 per tonne and cash operating costs of $6,285 per tonne. - Revenue of $58 million and a net loss of $64.5 million, or ($0.40) per share. - A cash position of $64 million as of September 30, 2025.
The PPG Scoping Study highlights: - A potential 150,000 tonnes per annum (tpa) lithium carbonate equivalent (LCE) operation. - A robust after-tax Net Present Value (NPV) at an 8% discount rate of $8.1 billion and an Internal Rate of Return (IRR) of 33%, assuming a long-term lithium carbonate price of $18,000/t. - A low estimated operating cash cost of $5,027/t. - Stage 1 capital cost is estimated at $1.1 billion. - A significant de-risking milestone was achieved with the approval of the Stage 1 Environmental Impact Statement (EIS) on November 7, 2025.
The release also reiterated the plan to form a new joint venture with Ganfeng Lithium, where Ganfeng will hold 67% and Lithium Argentina 33% of the PPG project, and Ganfeng will provide a $130 million debt facility.
The news is materially positive. The release combines solid operational execution with a major de-risking event for the company's primary growth asset.
Lithium Argentina AG is a lithium resource company focused on developing projects in Argentina. It is part of the Lundin Group of companies.
- Flagship Project (Producing): The company holds a 44.8% interest in the Cauchari-Olaroz lithium brine project in Jujuy, Argentina. The project is in production and ramping up toward its Stage 1 design capacity of 40,000 tpa of lithium carbonate.
- Flagship Project (Development): The Pozuelos-Pastos Grandes (PPG) project in Salta, Argentina. Through a joint venture with Ganfeng Lithium, the company is developing what is expected to be a world-class, 150,000 tpa LCE project. The company will hold a 33% interest.