Lithium Argentina (LAR) Corporate Presentation summary

Recent highlights and operational performance

• Achieved cost reductions and increased production quarter-over-quarter, with production volumes rising from 7,200 t in Q1 2025 to 8,500 t in Q2 2025 at Cauchari-Olaroz.

• Secured $120M in new bank debt at SOFR + 1% to strengthen financial position.

• On track to meet 2025 production guidance of 30,000–35,000 tonnes of lithium carbonate equivalent (LCE).

• Over 50% improvement in pricing adjustment for battery-quality Li₂CO₃ market price.

Asset base and growth strategy

• Holds significant interests in low-cost brine assets, including Cauchari-Olaroz (44.8% ownership) and Pozuelos-Pastos Grandes (33% ownership in new JV with Ganfeng).

• Cauchari-Olaroz Stage 1 has a capacity of 40,000 tpa with a 40-year life of mine and total capital costs of $979M.

• Growth strategy targets over 200,000 tpa LCE capacity by combining Stage 2 and regional assets.

• Advancing a 5,000 tpa demonstration plant and integrating new processing technologies for efficiency.

Joint ventures and partnerships

• Formalized a new joint venture with Ganfeng for Pozuelos-Pastos Grandes, targeting 150,000 tpa scalable production.

• JV ownership: 33% Lithium Argentina, 67% Ganfeng; Ganfeng to operate with shared technical and financing committees.

• Secured a 6-year, $130M debt facility at SOFR + 2.5% to support development.

• Total historical investment in the JV assets is approximately $2.0B, with an additional $250M planned for development.