Lithium Argentina's Cauchari-Olaroz operation produced 9,660 tonnes of lithium carbonate in the first quarter, operating at 97% of design capacity for a second consecutive quarter. The facility achieved cash operating costs of $5,391 per tonne, reflecting ongoing optimization efforts that reduced unit costs through structural and operational improvements.

The company generated $168 million in revenue in the first quarter, with an average realized price of $16,818 per tonne, delivering net income of $49 million and adjusted EBITDA of $106 million. Cash and cash equivalents rose to $97 million by March 31, and the completion of a $130 million debt facility from Ganfeng enhances financial flexibility.

Plans are advancing for a Stage 2 expansion at Cauchari-Olaroz to add 45,000 tonnes per annum of LCE capacity, underpinned by a 42% increase in Measured and Indicated resources to 28 million tonnes of LCE at 562 mg/L lithium. RIGI permitting is expected in the second quarter, with a scoping study and comprehensive development plan due by mid-2026.

Lithium Argentina continues to develop the PPG integrated project targeting 150,000 tpa of LCE across three phases with Ganfeng and strategic partners. The company is pursuing a secondary ASX listing to broaden its investor base and is set to receive RMAP conformant status to reinforce responsible production credentials.