Slide 1: Q2 2026 Earnings Presentation
LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR NYSE & TSX: LAR Q2 2026 Earnings Presentation August 11, 2026 Cauchari-Olaroz Jujuy, Argentina
Slide 2: Disclaimer
2 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Disclaimer ADDITIONAL REFERENCE MATERIALS This presentation should be read in conjunction with Lithium Argentina AG (“Lithium Argentina”, “LAR” or the “Company”) news releases, expectations regarding the Company’s cash balance, proceeds fro
Slide 3: Disclaimer (Cont.)
3 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Disclaimer (Cont.) All forward-looking information contained in this presentation is expressly qualified by the risk factors set out in the latest Disclosure THIRD-PARTY NAMES AND TRADEMARKS Documents. Such risks include, but are not limite
Slide 4: Recent Highlights
4 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Recent Highlights Operational execution driving cash generation and disciplined growth 95% $5,629/t $160M $220M Capacity Cash Operating Cash Low-Cost Debt Utilization Costs2 Distributed Facilities at JV- YTD YTD YTD3 level Reliable Operatio
Slide 5: Q2 2026: Strong Financial Performance
5 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Q2 2026: Strong Financial Performance Improved pricing and strong cost performance drove strong financial results Cauchari-Olaroz Operating & Financial Results 1 2Q2026 1Q2026 QoQ 1H2026 Realized lithium prices for second quarter 2026 Reven
Slide 6: Q2 2026: Strong Operation Performance
6 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Q2 2026: Strong Operation Performance Consistent production demonstrates operational reliability and supports strong cash generation Cauchari-Olaroz Production1 tonnes per month 1 Operation has transitioned from ramp- 4000 95% Capacity up t
Slide 7: Cauchari-Olaroz: Structural Cost Leadership
7 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Cauchari-Olaroz: Structural Cost Leadership Consistent low-cost production supports strong cash generation Cauchari-Olaroz1: Cash Operating Costs Cauchari-Olaroz: Operating Margin $ operating cash cost per tonne sold $ operating cash cost p
Slide 8: Cauchari-Olaroz: Strong Cash Flow Generation
8 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Cauchari-Olaroz: Strong Cash Flow Generation Cash flow used to reduce debt, distribute cash to JV partners Free Cash Flow1 from Operations Net Debt Cauchari-Olaroz Q2 2026 actual, excluding working capital changes Cauchari-Olaroz, Q1 to Q2
Slide 9: Strong liquidity and EBITDA outlook enhance financial flexibility
9 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Strong liquidity and EBITDA outlook enhance financial flexibility Liquidity supported at both the JV and corporate level Cauchari-Olaroz 2026 EBITDA Outlook2,3 Cauchari-Olaroz adjusted EBITDA at various market price scenarios ▪ Closed $220M
Slide 10: Independent Verification Confirms Low Carbon Footprint
10 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Independent Verification Confirms Low Carbon Footprint Product carbon footprint independently verified under internationally recognized standards Verified Product Carbon Footprint: 1.4 t CO₂e/t LCE Scope 1 and Scope 2 Emissions Breakdown b
Slide 11: Growth Pipeline: Stage 2 and PPG Progress
11 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Growth Pipeline: Stage 2 and PPG Progress Advancing a phased expansion approach supported by Stage 1 cash flow ▪ Cauchari-Olaroz Stage 2: ▪ Debottlenecking activities at Stage 1 support operation above design capacity, further de-risking S
Slide 12: Upcoming Priorities
12 LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR Upcoming Priorities Building on Stage 1 execution while advancing the next phase of growth Operate Strengthen Grow De-Risk ▪ Achieve 2026 ▪ Continue to increase ▪ Complete Stage 2 ▪ Maintain strong cash production guidance liquidity and st
Slide 13: Contact Information
LITHIUM ARGENTINA / Earnings Presentation NYSE & TSX: LAR NYSE & TSX: LAR Contact Information Kelly O'Brien VP Investor Relations & ESG Kelly.OBrien@lithium-argentina.com www.lithium-argentina.com