Shannon Gill's questions to Lithium Argentina (LAR) leadership • Q1 2025
Question
Shannon Gill asked for clarification on why sales volumes dropped 24% quarter-over-quarter, questioning if the higher sales in Q4 2024 were due to selling off inventory that had been built up previously.
Answer
Sam Pigott, President and CEO, stated that Q1 sales simply followed production levels and there was no issue with demand. Alex Shulga, VP and CFO, confirmed this, adding that sales in Q4 2024 were indeed higher than production for that quarter because the company sold off a small amount of inventory that had accumulated earlier in 2024.