Lithium Argentina (LAR) Financings
TSX: LAR · Lithium · Production stage
- Market cap$965.4M
- Share price$5.88
- 52-week range$5.11 – $16.46
- Shares outstanding164,180,634
- ExchangeTSX
- Websitelithium-argentina.com
Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng, operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and is advancing PPG in the Salta province of Argentina. Lithium Argentina currently trades on the TSX and on the NYSE under the ticker 'LAR'. Cauchari-Olaroz is 44.8% owned by the Company, 46.7% by Ganfeng and 8.5% by JEMSE, a mining investment company owned by the government of Jujuy Province in Argentina.
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Lithium Argentina financial statements
Key figures read from 36 of 36 financial statement filings, Nov 10, 2016 to Aug 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Jan 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$61,134 | US$85,543 | US$122,293 | US$194,471 | US$194,471 |
| Total current assets | US$1,015,068 | US$1,013,814 | US$921,451 | US$660,456 | US$660,456 |
| Total current liabilities | US$280,955 | US$240,272 | US$14,579 | US$224,117 | US$19,645 |
| Working capital | US$734,113 | US$773,542 | US$906,872 | US$436,339 | US$640,811 |
| Exploration and evaluation assets | US$341,014 | US$343,794 | US$343,092 | US$348,645 | US$348,645 |
| Property, plant and equipment | US$9,374 | US$8,988 | US$9,245 | US$9,026 | US$9,026 |
| Total assets | US$1,099,780 | US$1,131,223 | US$1,055,026 | US$1,016,548 | US$1,016,548 |
| Debt | US$616,517 | US$658,515 | US$521,230 | US$430,699 | US$427,594 |
| Total liabilities | US$282,847 | US$240,293 | US$226,095 | US$232,546 | US$232,546 |
| Shareholders' equity | US$816,933 | US$890,930 | US$828,931 | US$784,002 | US$784,002 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$6,689) | (US$10,078) | (US$21,214) | (US$49,197) | (US$35,961) |
| General and administrative | (US$15,712) | (US$14,654) | (US$21,401) | (US$22,883) | (US$10,386) |
| Share-based compensation | (US$15,055) | — | — | — | — |
| Net income (loss) | (US$76,880) | (US$15,240) | US$1,288,369 | (US$93,568) | (US$38,488) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$29,956) | (US$21,810) | (US$28,290) | (US$65,222) | (US$53,181) |
| Investing cash flow | US$6,281 | (US$85,858) | US$77,702 | (US$230,882) | (US$115,830) |
| Financing cash flow | (US$332) | US$68,771 | (US$290,636) | (US$23,465) | US$531,410 |
| Exploration spending (capitalized) | (US$3,238) | (US$702) | (US$2,577) | (US$5,308) | (US$1,298) |
| Property, plant and equipment spending | US$0 | (US$971) | (US$5,291) | (US$1,369) | (US$579) |
| Proceeds from share issues | US$0 | US$0 | US$172 | — | — |
| Change in cash | US$0 | US$0 | (US$2,887) | (US$316,136) | US$362,537 |
| Cash at end of period | US$61,134 | US$85,543 | US$122,293 | US$194,471 | US$510,607 |
Lithium Argentina financings
3 financings announced or closed by Lithium Argentina, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-26 | Lithium Argentina (LAR) | Convertible debenture | Announced | $198.0M | — | Lithium Argentina Announces Repurchase of $200 Million of its 2027 Convertible Notes |
| 2026-08-24 | Lithium Argentina (LAR) | Convertible debenture | Closed, 1 tranche | $180.0M | — | Lithium Argentina Finalizes PPG Joint Venture; Announces $180M Strategic Investment from Ganfeng |
| 2026-08-05 | Lithium Argentina (LAR) | Private placement | Closed, 1 tranche | $220.0M | — | Lithium Argentina Announces $220 Million of New Debt Facilities Closed at Cauchari-Olaroz |
Lithium Argentina debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lithium Argentina has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-10-26 | Convertible note / loan, proposed | — | C$200M | matures 2027-01 |
| 2026-09-15 | Convertible note / loan, closed / funded | — | C$180M | 4%, matures 2027-01 |
| 2026-08-24 | Convertible note / loan, amended | — | C$180M | 4%, matures 2032 |
| 2026-08-05 | Credit facility, closed / funded | — | US$170M | 5% |
| 2023-02-22 | Loan, proposed | U.S. Department of Energy (DOE) | US$650M | — |
| 2021-12-09 | Credit facility, repaid / settled | — | US$205M | — |
| 2021-12-09 | Convertible note / loan, closed / funded | — | US$225M | 1.75%, matures 2027 |
| 2021-12-06 | Credit facility, repaid / settled | — | US$205M | — |
| 2021-11-30 | Convertible note / loan, proposed | 2265866 Ontario Inc. | US$225M | matures 2027 |
| 2015-12-16 | Credit facility, closed / funded | Geologic Resource Partners LLC | US$750,000 | 15%, matures 2018-12-14 |