Seldon Capital initiates Lithium Argentina equity stake

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.

Phillips 66, Kinder Morgan and HF Sinclair said they made a final investment decision to proceed with the $5 billion Western Gateway Pipeline, aiming for completion in 2029 subject to permits. The 1,300-mile system would move refined fuels into the West with 230,000 bpd capacity and potential Southern California gasoline price relief. Ownership: Phillips 66 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%.

Glenmark Pharmaceuticals’ U.S. unit said, in an exchange filing, it reached a settlement with Humana to resolve antitrust litigation tied to consolidated generic-drug price-fixing claims in the Eastern District of Pennsylvania. The settlement totals $15.28 million plus interest, paid in two installments. Glenmark denied the allegations and said the amount was already booked in its financial statements.

Boeing said the US Air Force awarded it a $75 million undefinitized contract action to start building the GBU-75 long-range guided bomb, combining a JDAM warhead with a wing kit and turbojet engine to reach over 300 nautical miles. Boeing invested nearly $100 million. The Navy plans initial deliveries after April 2026 tests.

An internal US Defense Department memo reportedly directs subordinates to buy up to $243.9 million in services from Palantir through March 31, 2027, without competitive bidding, and to identify additional funding for April 1, 2027 to Dec. 31, 2028. The memo cites Palantir support for defense industrial base efficiency and munitions/vehicle delays. Palantir is a public company.