Overview

• The 67/33 joint venture will consolidate Pozuelos-Pastos Grandes, Pastos Grandes and Sal de la Puna under a single subsidiary in Salta’s Puna region.
• Ganfeng will provide a US$130 million six-year loan at SOFR + 2.5%, secured by Lithium Argentina’s equity in PPG and tied to initial production allocations.
• The unified project targets up to 150,000 tonnes per annum of lithium carbonate equivalent using a hybrid of direct lithium extraction and solar evaporation.
• Developers plan more than US$2 billion in phased investments across three development stages to build out infrastructure and scale production.
• They expect feasibility results by end-2025, aim to close the JV in Q1 2026 and will apply for RIGI incentives in H1 2026, mindful of the Mariana project’s recent rejection under strict eligibility rules.