Quarterly ResultMay 12, 2026, 06:36 AM
Lithium Argentina Q1 Net Income $7.5M; Production 9,660 Tonnes
AI Summary
Lithium Argentina AG reported a consolidated net income of $7.5 million for Q1 2026, a significant turnaround from a $7.2 million loss in Q1 2025, primarily driven by improved operating results at the Cauchari-Olaroz project. The Cauchari-Olaroz operation produced 9,660 tonnes of lithium carbonate, sustaining production near design capacity with cash operating costs of $5,391 per tonne. The company is progressing with the Stage 2 expansion at Cauchari-Olaroz and the PPG project, aiming for organic growth funded by operating cash flow and project-level debt. Cash and cash equivalents increased to $97 million, and a $130 million debt facility from Ganfeng was completed, providing financial flexibility.
Key Highlights
- Consolidated Net Income: $7.5 million in Q1 2026, compared to a $7.2 million loss in Q1 2025.
- Cauchari-Olaroz Production: 9,660 tonnes of lithium carbonate in Q1 2026, near design capacity.
- Cauchari-Olaroz Cash Operating Costs: $5,391 per tonne, below $5,400 target.
- Cauchari-Olaroz Revenue: $168 million in Q1 2026, with average realized price of $16,818/tonne.
- Cauchari-Olaroz Adjusted EBITDA: $106 million in Q1 2026, up from $30 million in Q4 2025.
- Cash and Cash Equivalents: $97 million as of March 31, 2026, up from $61 million at year-end 2025.
- Debt Facility: Completed $130 million debt facility from Ganfeng in March 2026.
- Stage 2 Expansion: Advancing plans to increase Cauchari-Olaroz capacity by 45,000 tpa LCE.