Lithium Argentina generated $141 million in free cash flow from operations at the Cauchari-Olaroz lithium brine operation in Argentina during the second quarter of 2026, supported by 9,280 tonnes of lithium carbonate production.

Production at the Jujuy province operation reflected a planned shutdown completed in May 2026 for routine maintenance and plant improvements. The operation averaged 95% of design capacity in the first half of 2026 and remains on track to achieve full-year production guidance of 35,000 to 40,000 tonnes.

Revenue for the second quarter reached $174 million, based on an average realized price of approximately $19,563 per tonne of lithium carbonate sold. Cash operating costs came in at $5,897 per tonne sold, compared to $6,098 per tonne reported in the second quarter of 2025, yielding a cash operating margin of 70%.

Lithium Argentina reported net income of $1.3 million for the three months ended June 30, 2026, compared to a net loss of $4.1 million for the corresponding period of 2025. The net income improvement was driven by the company’s share of income from the Cauchari-Olaroz project reaching $12.3 million, up from a share of loss of $0.4 million in the second quarter of 2025.

Operating cash flow for the quarter reached $142 million, enabling a $114 million reduction in net debt at Cauchari-Olaroz after funding $16 million in cash distributions to Lithium Argentina and joint-venture partner Ganfeng. Subsequent to the quarter end, the operation completed a $170 million debt facility with international banks carrying an interest rate under 5%.

Lithium Argentina holds a 44.8% equity interest in Exar, the operating entity for Cauchari-Olaroz, and operates the project in partnership with Ganfeng. Alongside Cauchari-Olaroz, Lithium Argentina is advancing the PPG project in the Salta province.

“As we look ahead, we continue to take a disciplined approach to growth. Together with Ganfeng, we have agreed to a modular approach to Stage 2 that we believe can accelerate the initial 10,000 tpa of growth capacity, leveraging our partner's expertise in the procurement of advanced processing equipment for installation at site. With RIGI approval now in place, early development activities are underway and we look forward to sharing an updated development plan in the coming months.”

— Sam Pigott, CEO

Read the full announcement: Lithium Argentina Reports Second Quarter 2026 Results