VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) -- Lithium Americas (Argentina) Corp. (“Lithium Argentina,” the “Company,” or “LAAC”) (TSX: LAAC) (NYSE: LAAC), today announced first quarter results.

Highlights

Operational Highlights

During the three months ended March 31, 2024, Caucharí-Olaroz produced approximately 4,500 tonnes of lithium carbonate.

The project continues to advance through the ramp up and test higher production levels.
In April 2024, a planned shutdown was performed to inspect and improve reliability of the processing plant.
Caucharí-Olaroz remains on target to produce 20,000 - 25,000 tonnes of lithium carbonate in 2024.
The target remains to reach and maintain a near steady state production level by the end of the year.
For 2024, Caucharí-Olaroz expects to be operating cash flow positive when adjusted for working capital changes.
Working capital requirements are expected to remain elevated through the first half of 2024 as production continues to ramp up and sales shipments begin to normalize.

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