Lithium Argentina Announces 2025 Production Results for Cauchari-Olaroz and Leadership Updates

The January 6, 2026, news release reports preliminary full-year 2025 operational results for the Cauchari-Olaroz project in Argentina. The company achieved total production of 34,100 tonnes of lithium carbonate, hitting the high end of its 30,000–35,000 tonne guidance. Q4 2025 production reached a record 9,700 tonnes, with the plant operating at 97% of nameplate capacity. Crucially, cash operating costs for Q4 fell below $6,000 per tonne, an improvement from $6,285 in Q3 2025. The company ended the year with $150 million in liquidity and reduced net debt by $26 million in the final quarter. Leadership changes were also finalized, with Alec Meikle promoted to President and John Kanellitsas transitioning to Chairman.

The news is Material - Positive because it demonstrates operational maturity and the ability to hit aggressive production targets while simultaneously lowering costs in a challenging lithium price environment. - Production Reliability: Hitting the high end of guidance (34,100 tonnes) confirms the technical viability of the Stage 1 facility and mitigates previous concerns about ramp-up delays seen in early 2025. - Cost Leadership: Reducing cash operating costs to <$6,000/t is critical. With realized prices in late 2025 hovering around $7,500/t, the margin remains thin but healthy enough to sustain operations and reduce debt. - Financial De-risking: The $26 million debt reduction and $150 million liquidity position are vital, especially given that the company had a negative working capital position of -$166 million as of September 30, 2025. - Strategic Momentum: The submission of the RIGI (Incentive Regime for Large Investments) application for Stage 2 suggests the company is moving toward expansion despite broader market volatility.

Lithium Argentina AG (formerly Lithium Americas Argentina Corp) is a pure-play lithium producer focused on the "Lithium Triangle" in Argentina. - Flagship Project: Cauchari-Olaroz (Jujuy Province). It is the largest lithium carbonate operation in Argentina. Lithium Argentina holds a 44.8% interest, with Ganfeng Lithium (46.7%) and JEMSE (8.5%). - Development Asset: Pozuelos-Pastos Grandes (PPG). A massive resource with a scoping study suggesting 150,000 tpa LCE potential over 30 years and an $8.1 billion NPV8.