Lithium Argentina Secures RIGI Approval for 45,000 TPA Cauchari-Olaroz Expansion
LAR has more than doubled off its 52-week low of $1.71.
Summary
Lithium Argentina has received approval under Argentina's Large Investment Incentive Regime (RIGI) for the Stage 2 expansion of its Cauchari-Olaroz lithium brine operation. This expansion targets an additional 45,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE), effectively more than doubling the current 40,000 tpa Stage 1 capacity. The RIGI approval provides significant benefits, including 30 years of foreign exchange, fiscal, and customs stability, a reduced corporate income tax rate of 25%, and duty-free imports. This materially de-risks the major growth project, significantly improves its economics, and enhances the company's long-term production outlook. The formal resolution is expected in June 2026, and the company continues to advance environmental permitting and technical plans for Stage 2, with definitive development plan results anticipated in mid-2026.
At the time of this announcement, LAR was trading at $10.19 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $1.71 to $12.05. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.