Financing ·
Lithium Argentina AG finalized a joint venture with Ganfeng Lithium Group Co., Ltd. (Ganfeng) consolidating the…
LARLithium Argentina AG
Lithium Argentina AG finalized a joint venture with Ganfeng Lithium Group Co., Ltd. (Ganfeng) consolidating the Pozuelos-Pastos Grandes projects in Salta Province, Argentina. Ganfeng holds a 67% interest and acts as operator, while Lithium Argentina retains 33%. Concurrently, Ganfeng agreed to invest $180 million via a six-year unsecured convertible note bearing a 4.0% coupon, convertible at $12.50 per share. Proceeds will fully repay the company's $259 million convertible debt due January 2027 and terminate a $130 million facility. The transactions are expected to close in September 2026. Lithium Argentina AG produces lithium carbonate for use primarily in lithium-ion batteries and electric vehicles.