Lithium Argentina has repurchased $200 million in principal of its convertible senior notes due in January 2027 for approximately $198 million in cash, plus accrued interest. The completed transactions leave about $59 million of the Lithium Argentina notes outstanding.

Key Takeaways

  • The company funded the repurchases with cash on hand, including proceeds from Ganfeng’s $180 million investment.
  • Lithium Argentina intends to repay the remaining notes at or before their January 15, 2027 maturity.

Lithium Argentina notes repurchase details

The company announced the completed repurchases on October 26, 2026. They were privately negotiated with a limited number of qualified institutional buyers located outside Canada.

The cash used included proceeds from a $180 million strategic investment by Ganfeng Lithium Group that closed on September 15, 2026. Lithium Argentina said its cash on hand exceeded $100 million after the repurchases.

Plan for the remaining debt

Lithium Argentina intends to use cash on hand to repay the approximately $59 million remaining at or before maturity. The company cautioned that repayment is not assured and that the timing and amount of any further repurchases are uncertain.

Chief Executive Officer Sam Pigott described the transactions as a step toward reducing debt. He said the company has no other corporate-level debt maturing until 2032.

Lithium Argentina jointly owns and manages the Cauchari-Olaroz lithium brine operation in Argentina’s Jujuy province and is developing the PPG lithium brine project in Salta province.

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