Lithium Argentina AG: Lithium Argentina Announces Closing of $180M Strategic Investment from Ganfeng

Lithium Argentina announced a Scoping Study for its Cauchari-Olaroz Stage 2 Expansion Project, targeting 45,000 tpa of lithium carbonate with an after-tax NPV8% of $3.1B and IRR of 28.5%. The company plans to accelerate an initial 10,000 tpa phase using DLE technology, subject to regulatory approvals. The project has received RIGI approval and is expected to be funded through cash flow and debt.

Lithium Argentina (LAR) finalized a joint venture with Ganfeng Lithium Group (002460.SZ), securing a $180M investment. Ganfeng will hold 67% of the PPG JV, combining three lithium projects in Argentina. The investment includes a convertible note at a 96% premium to LAR's average share price, with proceeds to repay $259M in debt. Both companies expect the transactions to close in September.

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.

TD Bank (TSX: TD) announced a C$10 billion share buyback program, subject to regulatory approval. The bank reported strong Q3 earnings, with adjusted net income up 21% YoY to C$4.7 billion. All business segments showed growth, with wholesale banking net income surging 87%. The bank also increased its dividend and has a U.S. expansion plan.