Lithium Americas (Argentina) Corp. announced that production commenced in June 2023 at Caucharí-Olaroz, the largest new greenfield lithium brine project. In 2023, approximately 6,000 tonnes of lithium carbonate were produced, achieving 99.5% lithium carbonate content and technical-quality specifications.

Caucharí-Olaroz is producing at approximately 50% of the 40,000 tonnes per annum (?tpa?) capacity. The operation is targeting to reach nameplate capacity on a limited basis by mid-2024 and maintain a level near capacity on a steady state basis by the end of the year. 2024 targeted production at Caucharí-Olaroz of 20,000 ?

25,000 tonnes of lithium carbonate. In the current price environment, the project is expected to generate positive cash flow from operations in 2024. While planning for Stage 2 expansion in production capacity continues to advance, the Company has not committed material capital to growth capex at this time.