Lithium Argentina Announces 2023 Production Results for Caucharí-Olaroz

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VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC) (“Lithium Argentina” or the “Firm”) immediately introduced preliminary 2023 operational outcomes for the Caucharí-Olaroz lithium brine operation (“Caucharí-Olaroz” or the “Undertaking”) in Jujuy, Argentina.

HIGHLIGHTS

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• 2023 manufacturing surpassed steerage reaching roughly 6,000 tonnes of lithium carbonate.
• Lithium carbonate plant is producing at roughly 50% capability.
• The KCl plant is operational and within the technique of ramping up in manufacturing quantity and product high quality.
• Lithium Argentina to report year-end monetary outcomes on March 21, 2024 after market shut.

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“We’re more than happy with the manufacturing outcomes from Caucharí-Olaroz thus far and proceed to progress of the ramp up of each manufacturing quantity and product high quality,” commented John Kanellitsas Govt Chair, President and interim CEO. “The staff in Argentina has gained helpful expertise and has persistently achieved necessary milestones because the Undertaking transitioned from building into operations. We look ahead to 2024 with a give attention to reaching nameplate capability and laying the muse for our subsequent part of development.”

Following the achievement of first lithium carbonate manufacturing in June 2023, Caucharí-Olaroz has been persistently producing lithium carbonate as commissioning and ramp-up proceed. Manufacturing is at the moment reaching 99.5% lithium carbonate content material with technical high quality specs approaching battery high quality.

The Undertaking produced roughly 6,000 tonnes of lithium carbonate in 2023 exceeding the Firm’s earlier steerage of 5,000 tonnes. The primary lithium cargo left Argentina in early October with common shipments persevering with since then.

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Fourth Quarter and Full 12 months 2023 Monetary Outcomes

Lithium Argentina plans launch its fourth quarter and full 12 months 2023 monetary outcomes, together with an replace on manufacturing steerage for 2024, after market hours on, March 21, 2024.

Senior administration plans to host a convention name on March 22, 2024, at 10:00 a.m. (Jap Time).

Webcast particulars and an internet archive of the webcast will probably be out there by accessing the Firm’s web site at www.lithium-argentina.com

ABOUT LITHIUM ARGENTINA

Lithium Argentina is an rising producer of lithium carbonate to be used predominately in lithium-ion batteries and electrical automobiles. The Firm, in partnership with Ganfeng Lithium Co, Ltd., is ramping up manufacturing of the Caucharí-Olaroz lithium brine operation in Argentina and advancing growth of extra lithium assets within the area. Lithium Argentina at the moment trades on the TSX and on the NYSE, underneath the ticker image “LAAC.”

TECHNICAL INFORMATION

The Technical Data on this information launch with respect to Caucharí-Olaroz, has been reviewed and authorised by Ernest Burga, P.Eng., a Certified Particular person as outlined by Nationwide Instrument 43-101 unbiased of the Firm.

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FORWARD-LOOKING INFORMATION

This information launch incorporates “forward-looking data” throughout the that means of relevant Canadian securities laws and “forward-looking statements” throughout the that means of the US Personal Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking data”). These statements relate to future occasions or the Firm’s future efficiency. All statements, apart from statements of historic reality, could also be forward-looking data. Ahead-looking data typically might be recognized by way of phrases akin to “search,” “anticipate,” “plan,” “proceed,” “estimate,” “count on,” “could,” “will,” “challenge,” “predict,” “suggest,” “potential,” “concentrating on,” “intend,” “might,” “may,” “ought to,” “consider” and related expressions. These statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking data.

Particularly, this information launch incorporates forward-looking data, together with, with out limitation, with respect to the next issues or the Firm’s expectations regarding such issues: objectives of the Firm; growth of the Caucharí-Olaroz challenge, together with timing of the ramp up in manufacturing capability and product high quality, timing of commissioning and ramp up of the KCI plant; and the discharge of fourth quarter and full 12 months 2023 monetary outcomes, and manufacturing steerage for 2024.

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Ahead-looking data doesn’t consider the impact of transactions or different objects introduced or occurring after the statements are made. Ahead-looking data contained on this information launch is predicated upon numerous expectations and assumptions and is topic to numerous dangers and uncertainties, together with however not restricted to these associated to: present technological tendencies; a cordial enterprise relationship between the Firm and third celebration strategic and contractual companions, together with the co-owners of the Caucharí-Olaroz challenge; capability of the Firm to fund, advance, develop and ramp up the Caucharí-Olaroz challenge, the impacts of the challenge when full manufacturing commences; capability of the Firm to advance and develop the Pastos Grandes and Sal de la Puna tasks; the Firm’s capability to function in a secure and efficient method; uncertainties regarding receiving and sustaining mining, exploration, environmental and different permits or approvals in Argentina; demand for lithium, together with that such demand is supported by development within the electrical car market; the influence of accelerating competitors within the lithium enterprise, and the Firm’s aggressive place within the trade; normal financial, geopolitical, and political situations; the secure and supportive legislative, regulatory and neighborhood setting within the jurisdictions the place the Firm operates; regulatory, and political issues that will affect or be influenced by future occasions or situations; native and world political and financial situations; governmental and regulatory necessities and actions by governmental authorities, together with adjustments in authorities insurance policies; stability and inflation of the Argentine peso, together with any international alternate or capital controls which can be enacted in respect thereof, and the impact of present or any extra rules on the Firm’s operations; the influence of unknown monetary contingencies, together with litigation prices, on the Firm’s operations; positive factors or losses, in every case, if any, from short-term investments in Argentine bonds and equities; estimates of and unpredictable adjustments to the market costs for lithium merchandise; growth and ramp up prices for the Caucharí-Olaroz challenge, and prices for any extra exploration work on the tasks; uncertainties inherent to estimates of Mineral Sources and Mineral Reserves, together with whether or not Mineral Sources not included in Mineral Reserves will probably be additional developed into Mineral Reserves; reliability of technical information; anticipated timing and outcomes of exploration, growth and building actions; the Firm’s capability to acquire extra financing on passable phrases or in any respect; the flexibility to develop and obtain manufacturing at any of the Firm’s mineral exploration and growth properties; the influence of inflationary and different situations on the Firm’s enterprise and world mark; and accuracy of growth funds and building estimates. Many of those expectations, assumptions, danger and uncertainties are past the Firm’s management, and will trigger precise outcomes to vary materially from these which might be disclosed in or implied by such forward-looking data.

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Though the Firm believes that the assumptions and expectations mirrored in such forward-looking data are affordable, the Firm may give no assurance that these assumptions and expectations will show to be appropriate. Since forward-looking data inherently entails dangers and uncertainties, undue reliance shouldn’t be positioned on such data. The Firm’s precise outcomes might differ materially from these anticipated in any forward-looking data on account of the chance elements set out herein and, within the Firm’s newest annual data kind (“AIF”), administration data round administration dialogue & evaluation and different publicly filed paperwork (collectively, the “Firm Public Disclosure”) all of which can be found on SEDAR+.

All forward-looking data contained on this information launch is expressly certified by the chance elements set out within the newest Firm Public Disclosures. Such danger elements should not exhaustive. The Firm doesn’t undertake any obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by legislation. All forward-looking data contained on this information launch is expressly certified in its entirety by this cautionary assertion. Extra details about the above-noted assumptions, dangers and uncertainties is contained within the Firm Public Disclosures, which can be found on SEDAR+ at www.sedarplus.ca.

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