Lithium Argentina Completes Corporate Migration to Switzerland
Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), formerly known as Lithium Americas (Argentina) Corp., has successfully completed its corporate migration from Canada to Switzerland. As part of this transition, the company will maintain its listings on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE), but will trade under the new symbol 'LAR' starting January 27, 2025. The company will continue to comply with public company reporting requirements under both Canadian and U.S. securities laws.
Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), precedentemente nota come Lithium Americas (Argentina) Corp., ha completato con successo la sua migrazione aziendale dal Canada alla Svizzera. Come parte di questa transizione, l'azienda manterrà le sue quotazioni sia sulla Toronto Stock Exchange (TSX) che sulla New York Stock Exchange (NYSE), ma inizierà a negoziare con il nuovo simbolo 'LAR' a partire dal 27 gennaio 2025. L'azienda continuerà a rispettare i requisiti di reporting per le società pubbliche secondo le leggi sui valori mobiliari canadesi e statunitensi.
Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), anteriormente conocida como Lithium Americas (Argentina) Corp., ha completado con éxito su migración corporativa de Canadá a Suiza. Como parte de esta transición, la empresa mantendrá sus cotizaciones tanto en la Bolsa de Valores de Toronto (TSX) como en la Bolsa de Valores de Nueva York (NYSE), pero comenzará a comerciar bajo el nuevo símbolo 'LAR' a partir del 27 de enero de 2025. La empresa continuará cumpliendo con los requisitos de reporte de empresas públicas bajo las leyes de valores canadienses y estadounidenses.
리튬 아르헨티나 AG (TSX: LAAC) (NYSE: LAAC)는 이전에 리튬 아메리카스(아르헨티나) 주식회사로 알려졌으며, 캐나다에서 스위스로의 기업 이행을 성공적으로 완료했습니다. 이 전환의 일환으로, 이 회사는 토론토 증권 거래소 (TSX)와 뉴욕 증권 거래소 (NYSE)에서의 상장을 유지하겠지만, 2025년 1월 27일부터 새로운 기호 'LAR'로 거래할 것입니다. 이 회사는 캐나다 및 미국 증권 법률에 따라 공개 기업 보고 요구 사항을 계속 준수할 것입니다.
Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), auparavant connu sous le nom de Lithium Americas (Argentina) Corp., a réussi à achever sa migration d'entreprise du Canada vers la Suisse. Dans le cadre de cette transition, la société maintiendra ses cotations à la fois sur la Bourse de Toronto (TSX) et la Bourse de New York (NYSE), mais sera négociée sous le nouveau symbole 'LAR' à partir du 27 janvier 2025. La société continuera à se conformer aux exigences de reporting des entreprises publiques selon les lois sur les valeurs mobilières canadiennes et américaines.
Lithium Argentina AG (TSX: LAAC) (NYSE: LAAC), früher bekannt als Lithium Americas (Argentinien) Corp., hat erfolgreich ihren Unternehmensumzug von Kanada in die Schweiz abgeschlossen. Im Rahmen dieses Übergangs wird das Unternehmen seine Notierungen sowohl an der Toronto Stock Exchange (TSX) als auch an der New York Stock Exchange (NYSE) beibehalten, wird aber ab dem 27. Januar 2025 unter dem neuen Symbol 'LAR' handeln. Das Unternehmen wird weiterhin die Berichtspflichten für öffentliche Unternehmen gemäß den kanadischen und US-amerikanischen Wertpapiergesetzen einhalten.
- Maintains dual listing on major exchanges (TSX and NYSE)
- Continues compliance with Canadian and U.S. securities regulations
- None.
Insights
The migration of Lithium Argentina to Switzerland marks a strategic corporate restructuring that could significantly impact the company's financial and operational framework. Switzerland's corporate tax rates, averaging between 11.9% to 21.6%, typically offer advantages compared to Canada's 26.5% federal-provincial combined rate. Beyond tax benefits, this move positions the company within Europe's sophisticated financial ecosystem.
The choice of Zug is particularly noteworthy, as it's known as Switzerland's 'Crypto Valley' and hosts numerous multinational corporations due to its business-friendly environment and strategic location. This jurisdiction offers strong intellectual property protection, political stability and access to specialized financial services particularly relevant to the mining sector.
The maintenance of dual listing on TSX and NYSE under the new ticker 'LAR' ensures continuity for existing investors while potentially attracting European institutional investors. The timing of this migration, amid growing global demand for lithium and increasing focus on supply chain security, suggests a strategic positioning for expanded international operations and capital access.
However, investors should note that corporate migrations can involve complex transition periods affecting financial reporting and governance structures. The continued adherence to both Canadian and U.S. securities laws provides important regulatory oversight and transparency, though the Swiss regulatory framework will add another layer of compliance requirements.
ZUG, Switzerland, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Lithium Argentina AG (formerly Lithium Americas (Argentina) Corp.) (“Lithium Argentina” or the “Company”) (TSX: LAAC) (NYSE: LAAC) announces that it has completed the previously announced plan to establish corporate domicile in Switzerland from Canada (“Corporate Migration”).
As part of the Corporate Migration, the Company has changed its name to Lithium Argentina AG. The Company continues the listing of its common shares on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) under the new symbol “LAR”. The Company anticipates that trading under this new symbol will commence on January 27, 2025. The Company will continue to be subject to the public company reporting requirements under Canadian and U.S. securities laws.
ABOUT LITHIUM ARGENTINA
Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co. Ltd, is operating the Caucharí-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region. Lithium Argentina currently trades on the TSX and on the NYSE. The Company has its registered and head offices in Zug, Switzerland and the operational headquarters of the Lithium Argentina group of companies is in Buenos Aires, Argentina.
For further information contact:
Investor Relations
Telephone: +1 778-653-8092
Email: Kelly.obrien@lithium-argentina.com
Website: www.lithium-argentina.com
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking information”). These statements relate to future events or the Company’s future performance. All statements, other than statements of historical fact, may be forward-looking information. Forward-looking information generally can be identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “propose,” “potential,” “targeting,” “intend,” “could,” “might,” “should,” “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
In particular, this news release contains forward-looking information, including, without limitation, with respect to the following matters or the Company’s expectations relating to matters such as the anticipated timing of trading under the new symbol; the expected growth initiatives in the lithium industry; and the Company’s positioning us for a successful future.
Forward-looking information does not take into account the effect of transactions or other items announced or occurring after the statements are made. Forward-looking information contained in this news release is based upon a number of expectations and assumptions and is subject to a number of risks and uncertainties, including, but not limited to those related to: uncertainties with respect to satisfying requirements of necessity or desirability of permitting; the continued listing on the TSX and NYSE; being subject to satisfying all conditions prescribed by the exchanges; there being no guarantee that the redomiciling will procure the anticipated benefits nor that the expected impacts will materialize as expected; potential adverse tax consequences resulting from the transaction; risks associated with the Company being governed under a different corporate legal regime post continuation; change in the rights of shareholders as a result of the continuation; unforeseen events that could prevent; uncertainties inherent to economic studies and mineral resource and reserve estimates; global financial markets, general economic conditions, competitive business environments, and other factors that may negatively impact the Company’s financial condition; the inability of the Company to secure sufficient additional financing to develop the Company’s mineral projects; and all the other risk factors identified herein and in the Company’s latest annual information form and in other continuous disclosure filings available on SEDAR+ and EDGAR. All forward-looking statements included in this news release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Readers are cautioned that the actual results achieved will vary from the information provided herein and that such variations may be material. Consequently, there are no representations by the Company that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements.
FAQ
When will Lithium Argentina AG (LAAC) start trading under its new symbol LAR?
What is the impact of Lithium Argentina's (LAAC) corporate migration to Switzerland?
Will Lithium Argentina (LAAC) maintain its stock exchange listings after the migration?
What reporting requirements will Lithium Argentina (LAAC) follow after moving to Switzerland?
