Lithium Argentina AG entered into a Loan Agreement on March 20, 2026, with GFL International Co., Limited, a subsidiary of Ganfeng Lithium Group Co. Ltd., for up to US$130 million at SOFR plus 2.5% interest over a six-year term from initial advance (no later than December 31, 2032). The loan fulfills obligations under a prior Framework Agreement for the PPG joint venture (Ganfeng 67%, Lithium Argentina 33%) and includes offtake allocations and security on PPG equity.
Key takeaways
Loan Agreement dated March 20, 2026, for up to US$130 million from GFL International Co., Limited
Interest at SOFR plus 2.5%; six-year term from Initial Advance, latest December 31, 2032
Secured by Company's equity interest in PPG joint venture; prepayable without penalties
Lithium Argentina to allocate up to 50% of PPG initial phase offtake (6,000 tpa LCE cap) to Lender at market prices
Interim: sell up to 6,000 tpa LCE from Cauchari-Olaroz unallocated entitlement to Ganfeng
Initial advance conditions include securing capital for convertible notes due January 2027