Lithium Americas (Argentina) Corp. - LAAC STOCK NEWS

Lithium Argentina (LAAC) shareholders have overwhelmingly approved the company's plan to change its incorporation from Canada to Switzerland at a Special Meeting held on January 17, 2025. The arrangement resolution received 99.23% approval from voting shareholders, with 39.78% of total shares outstanding being represented at the meeting.

The Corporate Migration is expected to become effective around January 23, 2025, subject to final court order from the Supreme Court of British Columbia and other customary approvals. According to CEO Sam Pigott, this strategic move aims to strengthen the company's position by expanding its financial and strategic flexibility. The company's focus remains on strengthening operations in Argentina, building on production at Caucharí-Olaroz, improving efficiency, and advancing growth in the electromobility supply chain.

Lithium Argentina (LAAC) announced its 2024 production results and 2025 guidance for Caucharí-Olaroz operations. The company achieved its 2024 target with 25,400 tonnes of lithium carbonate production, reaching 85% of design capacity in Q4 2024. Fourth quarter production was approximately 8,500 tonnes, marking a 25% increase from Q3.

For 2025, production guidance is set at 30,000-35,000 tonnes of lithium carbonate. The company filed an updated technical report for Stage 1 (40,000 tonnes per annum capacity), revealing a revised long-term operating cost estimate of $6,543 per tonne and an after-tax NPV(8%) of $3.6 billion.

The company announced amendments to resolutions for its January 17, 2025 special meeting regarding redomiciling to Switzerland. Key changes include reducing capital band limits from 20% to 10% and lowering equity incentive conditional capital from 15% to 10%.

Lithium Argentina (LAAC) has filed meeting materials for a special shareholders' meeting on January 17, 2025, to approve the company's redomiciling to Switzerland under the new name Lithium Argentina AG. The move requires shareholder, stock exchange, and court approval, expected in early 2025.

The virtual meeting will be held at 10:00 a.m. (Pacific Time), with shareholders as of December 3, 2024, eligible to vote. The proxy voting deadline is set for January 15, 2025. Meeting materials are available on the company's website, SEDAR+, and EDGAR. Due to ongoing postal strikes in Canada, alternative delivery methods have been arranged through Broadridge Financial Solutions and Computershare Investor Services.

Lithium Argentina (TSX/NYSE: LAAC) announced plans to establish corporate domicile in Switzerland, rebranding as Lithium Argentina AG in early 2025. The strategic move requires shareholder, stock exchange, and court approval. The company will maintain its TSX and NYSE listings under the new symbol 'LAR' and continue operating under North American securities laws. The operational headquarters will relocate to Buenos Aires, Argentina. The company's partner, Ganfeng, has agreed to a three-year standstill agreement preventing acquisition of controlling interest. A special shareholder meeting is scheduled for January 17, 2025, to approve the continuation.

Lithium Argentina (LAAC) reported Q3 2024 results, highlighting a 21% increase in production at Caucharí-Olaroz to 6,800 tonnes compared to Q2. The facility is operating at 75-80% of its 40,000 tonnes annual design capacity. The company maintains its 2024 production guidance of 20,000-25,000 tonnes. Realized prices were approximately $8,000 per tonne in Q3, with recent prices declining to $7,000 per tonne. The company reported a net loss of $2.4 million, compared to a $6.6 million gain in Q3 2023. Cash position stands at $92 million, with total assets of $1.12 billion and liabilities of $228.1 million.

Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC), also known as Lithium Argentina, has announced the release of its third quarter 2024 earnings results on November 5, 2024, after market close. The company will host a webcast and conference call to discuss these results on November 6, 2024, at 10:00 a.m. ET.

Investors and interested parties can access the webcast through the Investor Relations section of the company's website. The event, titled 'Lithium Argentina Third Quarter 2024 Earnings Call,' will be available via the provided attendee URL. Following the event, a webcast replay will be accessible through the News and Events page on the company's website.

Lithium Americas (Argentina) Corp. (TSX/NYSE: LAAC) has completed a transaction with Ganfeng Lithium, selling a 14.9% interest in its Pastos Grandes project for $70 million. The deal strengthens Lithium Argentina's balance sheet, reduces short-term debt at Caucharí-Olaroz, and supports future growth plans. Pastos Grandes, acquired in early 2022, is located in the same basin as Sal de la Puna and adjacent to Ganfeng's Pozuelos-Pastos Grandes project.

The companies are collaborating on a regional development plan for the Pastos Grandes Basin, with results expected by the end of 2024. Lithium Argentina anticipates that attractive fiscal incentives from Argentina's Large Investments' Incentive Regime (RIGI) would apply to its long-term development plans at Pastos Grandes and the Stage 2 expansion of Caucharí-Olaroz.

Lithium Argentina (LAAC) reported Q2 2024 results, highlighting significant progress in its Caucharí-Olaroz operation. The project is operating at 70% capacity, with production reaching 5,600 tonnes of lithium carbonate, a 24% increase from Q1. The company maintains its 2024 production guidance of 20,000-25,000 tonnes. Financial highlights include $96M in cash and an undrawn $75M credit facility. Net income for Q2 was primarily due to a $10.8M deferred tax recovery. The company expects to close the Pastos Grandes Transaction soon, providing additional liquidity to reduce leverage at Exar.

Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC), also known as Lithium Argentina, has announced the release of its second quarter 2024 earnings results on August 13, 2024, after market close. The company will host a webcast and conference call to discuss these results on August 14, 2024, at 10:00 a.m. ET.

Investors and interested parties can access the webcast through the Investor Relations section of the company's website. A replay of the webcast will be available following the event on the News and Events page of the Lithium Argentina website.