Lithium Argentina secures $251 million Ganfeng investment

Lithium Argentina (LAR) reported Q2 2026 earnings, producing 9,280 tonnes of lithium carbonate with cash operating costs of $5,897 per tonne. Revenue reached $174 million, with a 70% cash operating margin. The company expects full-year production of 35,000-40,000 tonnes and is advancing expansion plans. Net income was $1.3 million, up from a loss last year. CEO Samuel Pigott highlighted strong operational performance and low carbon footprint.

Lithium Argentina AG (TSX/NYSE: LAR) reported Q2 2026 results, citing Cauchari-Olaroz output of 9,280 tonnes of lithium carbonate and near design capacity. Q2 revenue was $174 million, adjusted EBITDA $110 million, operating cash flow $142 million and free cash flow from operations $141 million. Net debt fell $114 million and Stage 2 expansion progress continued under RIGI.

Lithium Argentina AG (TSX: LAR, NYSE: LAR) said its Cauchari-Olaroz lithium brine operation closed $220 million in unsecured debt facilities to fund flexibility for Stage 2 expansion of 45,000 tonnes per year of lithium carbonate equivalent. The facilities include $50 million (2-year) and $170 million (3-year, interest under 5%), drawdown until Q2 2027, backed by Ganfeng.

Elevra Lithium Ltd (ASX:ELV) outlined its growth strategy for North American Lithium (NAL) in Quebec, targeting 373,000 tonnes of spodumene concentrate annually. FY26 production was 197,967 tonnes, with revenue of US$202 million. The company plans a three-stage expansion, with initial capital expenditure of US$271 million. FY27 production guidance is 198,000 to 210,000 tonnes.

Chevron (CVX) plans to invest $7 billion in Venezuela over five years to double oil production to 600,000 barrels per day, adding areas in the Orinoco Belt to its joint venture with PDVSA. The move leverages Chevron's existing presence and aims for low-cost growth, despite political and regulatory risks. Venezuela holds the world's largest crude oil reserves but faces infrastructure challenges.

Lululemon founder Chip Wilson, estimated to have a $6.1B fortune, is divorcing his wife of 20 years without a prenuptial agreement. Under British Columbia law, their assets, including Wilson's 8.6% stake in Lululemon and 18% stake in Amer Sports, could be divided equally. The divorce may impact Lululemon's share price and market volatility, with analysts watching closely.