Lithium Argentina to Establish Corporate Domicile in Switzerland
Lithium Argentina to Establish Corporate Domicile in Switzerland
VANCOUVER, British Columbia, Nov. 29, 2024 -- Lithium Americas (Argentina) Corp. (“ Lithium Argentina ” or the
“Company”) (TSX: LAAC) (NYSE: LAAC) today announced its intention to establish corporate domicile in Switzerland under
the new name, Lithium Argentina AG. The move, which requires shareholder, stock exchange and court approval, is expected
to occur in early 2025.
Lithium Argentina has performed an extensive review of its businesses and corporate structure. Switzerland, was determined
to be the best jurisdiction from a strategic, commercial and legal perspective. The move is expected to provide expanded
financing flexibility and support the Company’s current business and long-term growth plans through access to various
markets, proximity to European customers and an attractive framework for existing shareholders and future investment.
The redomiciling of the Company is proposed to be effected by way of plan of arrangement whereby the Company will be
continued from the Province of British Columbia, Canada into the jurisdiction of the Canton of Zug, Switzerland. The operational
headquarters of the Lithium Argentina group of companies will become Buenos Aires, Argentina.
Lithium Argentina does not anticipate any material change to its operations or financial results as a result of the change of
domicile. As part of the new corporate domicile, the Company plans to change its name to Lithium Argentina AG and continue
the listing of its common shares on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) under
the new symbol ”LAR”, which will continue to provide shareholders with the convenience of owning North American listed stock
and avoids any disruption related to changing the listing to other capital markets. By continuing to trade on North American
markets, the Company will continue to be subject to the public company reporting requirements under Canadian and U.S.
securities laws.
The Company’s partner in the Caucharí-Olaroz project, GFL International Co. Ltd. (“Ganfeng”), has entered into a three year
standstill agreement with Lithium Argentina pursuant to which Ganfeng has agreed that it will not, directly or indirectly, acquire
or facilitate the acquisition of a controlling interest in the Company (subject to customary exceptions).
The continuation is subject to administrative approvals and the Company is planning to call and hold a special meeting of
shareholders on January 17, 2025 to approve the continuation and ancillary matters. A management information circular along
with other meeting materials containing detailed information with respect to the continuation transaction will be made available
to shareholders and filed on SEDAR+ and EDGAR in December.
ABOUT LITHIUM ARGENTINA
Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles.
The Company, in partnership with Ganfeng is ramping up production of the Caucharí-Olaroz lithium brine operation in Argentina
and advancing development of additional lithium resources in the region. Lithium Argentina currently trades on the TSX and on
the NYSE.
For further information contact:
Investor Relations
Telephone: +1 778-653-8092
Email: [email protected]
Website: www.lithium-argentina.com
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and
“forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995
(collectively referred to herein as “forward-looking information”). These statements relate to future events or the Company’s
future performance. All statements, other than statements of historical fact, may be forward-looking information. Forward-
looking information generally can be identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,”
“expect,” “may,” “will,” “project,” “predict,” “propose,” “potential,” “targeting,” “intend,” “could,” “might,” “should,” “believe” and
similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated in such forward-looking information.
In particular, this news release contains forward-looking information, including, without limitation, with respect to the following
matters or the Company’s expectations relating to matters such as the intention to establish corporate domicile in
Switzerland, the anticipated benefits of the redomicile, the approval of the redomicile, the holding of a special meeting of
shareholders, trading of our shares on the TSX and the NYSE, impacts on operations and financial results, impacts on day-to-
day operations and the continued conduct of our business.
Forward-looking information does not take into account the effect of transactions or other items announced or occurring after
the statements are made. Forward-looking information contained in this news release is based upon a number of expectations
and assumptions and is subject to a number of risks and uncertainties, including but not limited to those related to:
uncertainties with respect to obtaining all applicable shareholder, court and regulatory approvals or satisfying other
requirements necessity or desirability of permitting or facilitating the completion of the transaction; the continued listing on the
TSX and NYSE, being subject to satisfying all conditions prescribed by the exchanges; there being no guarantee that the
redomiciling will procure the anticipated benefits nor that the expected impacts will materialize as expected; potential adverse
tax consequences resulting from the transaction; discretion of the Company to implement the redomicile or not; risks
associated with the Company being governed under a different corporate legal regime post continuation; change in the rights of
shareholders as a result of the continuation; unforeseen events that could prevent, delay in or increase in cost of completing
the continuation; uncertainties inherent to feasibility studies and mineral resource and reserve estimates; global financial
markets, general economic conditions, competitive business environments, and other factors that may negatively impact the
Company’s financial condition; the inability of the Company to secure sufficient additional financing to develop the Company’s
mineral projects; and all the other risk factors identified herein and in the Company’s latest annual information form and in
other continuous disclosure filings available on SEDAR+ and EDGAR. All forward-looking statements included in this press
release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the
date of this press release and, except as required by applicable law, the Company does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Readers are cautioned that the actual results achieved will vary from the information provided herein and that such variations
may be material. Consequently, there are no representations by the Company that actual results achieved will be the same in
whole or in part as those set out in the forward-looking statements.
This press release does not constitute a solicitation of any proxy nor the offering of any securities of the Company.