LAAC Company Report

Analyst Coverage

Research analysts who have asked questions during LAAC earnings calls.

TD Cowen

4 questions for LAAC

BMO Capital Markets

2 questions for LAAC

Desjardins Securities

2 questions for LAAC

HSBC

2 questions for LAAC

Scotiabank

1 question for LAAC

Deutsche Bank

1 question for LAAC

Cormark Securities

1 question for LAAC

Cormark Securities

1 question for LAAC

Recent press releases and 8-K filings for LAAC.

Lithium Argentina Details PPG Project Scoping Study and Development Strategy

LAAC

New Projects/Investments

Guidance Update

Lithium Argentina announced the results of the scoping study for its PPG project, outlining a Stage 1 Lithium Carbonate Equivalent (LCE) capacity of 50,000 tons per year, expanding to 150,000 tons per year in three phases. The project has an estimated initial capital investment of $1.1 billion and a total life-of-mine capital of $3.3 billion. It projects a strong after-tax NPV of $8.2 billion (at an 8% discount rate) and an IRR of 33% based on a long-term price of $18,000 per ton.
The company received the environmental permit for PPG Stage 1 and plans to formally submit its RIGI application in the first half of 2026. Construction for Stage 1 is targeted to begin in the second half of 2026, with first production expected before 2030.
Lithium Argentina and Ganfeng are advancing a coordinated financing strategy for PPG Stage 1, leveraging partnerships, off-takes, project-level debt, and Ganfeng's access to low-cost financing to minimize shareholder dilution.
The long-term lithium price assumption of $18,000 per ton is supported by third-party forecasts and the need to incentivize new supply, with Ganfeng emphasizing strong demand growth from both EV and energy storage systems (ESS), which could become larger than the EV market within 10 years.

Nov 10, 2025, 1:00 PM

Lithium Argentina Reports Q3 2025 Results and PPG Project Scoping Study

LAAC

New Projects/Investments

Guidance Update

Debt Issuance

Lithium Argentina's Cauchari-Olaroz operation sustained 90% capacity production rates in Q3 2025, achieving a record monthly production volume in October and remaining confident in meeting 2025 targets. The company also secured a new $130 million six-year debt facility from Ganfeng.
The scoping study for the PPG project outlines a Stage 1 LCE capacity of 50,000 tons per year, expanding to 150,000 tons per year in three phases, with an initial capital investment estimated at $1.1 billion and a total life-of-mine capital of $3.3 billion. PPG is projected to have an after-tax NPV of $8.2 billion and an IRR of 33% at an $18,000/ton long-term price, with expected operating costs around $5,000 per ton.
Lithium Argentina received environmental approval for PPG Stage 1 and plans to submit the RIGI application in H1 2026, targeting construction in H2 2026 and first production before 2030. The project holds over 15 million tons of measured and indicated LCE resources.