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Lithium Argentina to establish corporate domicile in Switzerland
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Lithium Argentina to establish corporate domicile in Switzerland

Lithium Americas (Argentina) Corp.
Lithium Americas (Argentina) Corp.

VANCOUVER, British Columbia, Nov. 29, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (“Lithium Argentina» or the “Business“) (TSX: LAAC) (NYSE: LAAC) today announced its intention to establish a registered office in Switzerland under the new name, Lithium Argentina AG. This decision, which requires approval from shareholders, the stock exchange and the court, is expected to take place in early 2025.

Lithium Argentina has conducted an in-depth review of its operations and corporate structure. Switzerland has been considered the best jurisdiction from a strategic, commercial and legal perspective. This move is expected to provide increased financing flexibility and support the Company’s current operations and long-term growth plans through access to diverse markets, proximity to European customers and an attractive framework for existing shareholders and future investments.

It is proposed that the re-domiciliation of the Company will be effected by means of a plan of arrangement whereby the Company will be extended from the province of British Columbia, Canada, to the jurisdiction of the Canton of Zug, Switzerland. The operational headquarters of the Lithium Argentina group of companies will become Buenos Aires, Argentina.

Lithium Argentina does not anticipate any material changes to its operations or financial results as a result of the change of domicile. As part of the new corporate domicile, the Company plans to change its name to Lithium Argentina AG and continue to list its common shares on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) under the name the new ticker symbol “LAR”, which will continue to provide shareholders with the convenience of owning shares listed in North America and avoiding any disruption from changing listings in other financial markets. By continuing to operate in the North American markets, the Company will continue to be subject to public company reporting requirements under the securities laws of Canada and the United States.

The Company’s partner in the Caucharí-Olaroz project, GFL International Co. Ltd. (“Ganfeng”), has entered into a three-year standstill agreement with Lithium Argentina pursuant to which Ganfeng has agreed not to, directly or indirectly, acquire or facilitate the acquisition of a majority interest in the Company (subject to usual exceptions).

The continuation is subject to administrative approvals and the Company plans to convene and hold a special meeting of shareholders on January 17, 2025 to approve the continuation and incidental matters. A management information circular and other meeting materials containing detailed information regarding the continuation transaction will be made available to shareholders and filed on SEDAR+ and EDGAR in December.