Financing ·
Ganfeng Lithium Group closes $180 million strategic investment in Lithium Argentina AG via convertible note
LARLithium Argentina AG
Lithium Argentina AG closed a $180 million strategic investment from Ganfeng Lithium Group Co., Ltd. on September 15, 2026, through the issuance of a six-year unsecured convertible note bearing a 4.0% coupon and convertible into common shares at US$12.50 per share. Net proceeds will be used to repay in full the Company's $259 million convertible notes due January 2027. Ganfeng currently owns approximately 9.6% of the Company's issued and outstanding common shares; assuming full conversion, it would hold approximately 16.1%. The Company's joint venture with Ganfeng regarding the Pozuelos-Pastos Grandes project remains on track for completion by the end of September 2026. Lithium Argentina AG operates in the lithium mining industry, developing projects such as Pozuelos-Pastos Grandes.