08:25 AM EDT, 08/12/2025 (MT Newswires) -- Lithium Argentina ( LAR ) said Tuesday it has signed an agreement with China's Ganfeng Lithium Group to create a joint venture combining their Pastos Grandes and Pozuelos-Pastos Grandes lithium projects, along with Lithium Argentina's ( LAR ) Sal de la Puna asset.

Under the agreement, Ganfeng will hold a 67% stake in the venture and Lithium Argentina ( LAR ) 33%, based on resource contributions, capital invested, and technology inputs.

Expected to close by Q1 2026, will venture target production of up to 150,000 tonnes per year of lithium carbonate equivalent, rolled out in three phases, the company said.

Ganfeng will also provide Lithium Argentina ( LAR ) with a $130 million, six-year debt facility at SOFR plus 2.5% to enhance its financial flexibility and provide capacity to refinance corporate debt.