06:55 AM EST, 11/10/2025 (MT Newswires) -- Lithium Argentina AG ( LAR ). was at last look up 3.3% in US premarket trade as it announced Monday the results of a Scoping Study for the Pozuelos-Pastos Grandes lithium brine project in Salta Province, Argentina, but also reported third quarter results that showed a loss per share basic and diluted of US$0.40 while saying it remains "confident in exceeding the low-end of our 2025 targets".

A statement noted that PPG integrates three projects owned by Ganfeng Lithium Group Co., Ltd and Lithium Argentina ( LAR ) into a single development platform in the Pozuelos and Pastos Grandes basins. Upon closing of the new joint venture, Ganfeng and LAR will own 67% and 33% of PPG, respectively.

LAR and Ganfeng noted on Friday, Nov. 7, 2025, the Secretariat of Mining and Energy of the Province of Salta, Argentina, issued the Environmental Impact Statement, for Stage 1 of the PPG Project.

Among highlights, LAR's statement cited a "scalable platform" with production capacity of approximately 150,000 tpa of LCE in three stages of 50,000 tpa of LCE each with a 30-year project life. It also cited a "globally significant resource" with 15.1 Mt LCE measured and indicated resource across consolidated basins, placing PPG among "one of the largest undeveloped lithium brine resources".

Sam Pigott, President and CEO of Lithium Argentina ( LAR ), said: "Together with Ganfeng, we are building on the success of Cauchari-Olaroz to advance Argentina's next major lithium operation.

"We are very pleased to have received environmental approval for Stage 1 from the Salta government, following a 14-month, rigorous review that reinforces our focus on sustainability and adoption of new processing technologies. With strong support from the Province of Salta and the federal government's RIGI investment regime, PPG highlights our contribution to Argentina's growing role in advancing a diversified and competitive global supply chain for lithium chemicals that enable electric mobility and large-scale energy storage."

On Q3, Pigott added: "The third quarter demonstrated continued operational performance and the benefits of our ongoing initiatives to optimize production, enhance process efficiency and reduce long-term costs. We remain confident in exceeding the low-end of our 2025 targets.

"While optimization work continues, we are very encouraged by the plant's performance, with production rates sustaining around 90% of nameplate capacity or higher for extended periods. Looking ahead to 2026, our focus is on maintaining higher production levels while implementing targeted long-term improvements to further strengthen the business.

"On the balance sheet, we were pleased to announce a new US$130 million, six-year debt facility from Ganfeng. This facility provides additional flexibility to optimize our capital structure at the corporate level and further enhance shareholder value."

LAR rose 3% in Canada last Friday