Lithium Argentina AG (LAR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to Lithium Argentina fourth quarter and full year 2025 earnings conference call. Please note that this call is being recorded. After the prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Kelly O'Brien, Investor Relations. Please go ahead. Thank you for the introduction. I want to welcome everyone to our conference call this morning. Joining me on the call today to discuss the fourth quarter and full year 2025 results is Sam Pigott, CEO of Lithium Argentina. Alex Shoga, our CFO, will also be available for Q&A. Before we begin, I would like to cover a few items. Our fourth quarter 2025 earnings results were press released earlier this morning, and the corresponding documents are available on our website. I remind you that some of the statements made during this call, including any production guidance, expected company performance, update on development plans, the timing of our project, and market conditions, may be considered forward-looking statements. Please note the cautionary language about forward-looking statements in our presentation, MD&A, and news releases. I now turn the call over to Sam Piggott. Thanks, Kelly. Good morning, everyone, and thank you for joining us. 2025 marked an important year for lithium Argentina. Kachari-Oloraz demonstrated its ability as a stable, cash-generating operation while we significantly advanced our next phase of growth. Starting with operations, Kachari is performing exceptionally well. For the year, production was over 34,000 tons, reaching the high end of our guidance range and ending the year near capacity with fourth quarter pr...