Lithium Americas Corp.

Thank you for standing by. My name is JL and I will be your conference operator today. At this time, I would like to welcome everyone to the Lithium Argentina third quarter 2025 earnings call and scoping study results. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Oh, now let's turn the conference over to Kelly O'Brien, Vice President, Investor Relations. You may begin.

Thank you for the introduction. I want to welcome everyone to our conference call this morning. Joining me on the call today to discuss PPG scoping study and the Q3 results is Sam Piggott, President and CEO of Lithium Argentina. We are also happy to welcome to the call Wang Xiaoshan, Chief Executive Officer of Gunfeng Group, Carlos Dali, Vice President of Growth and Innovation at Lithium Argentina, and Jason Luot, President of Gonzang South America, to discuss the Pesuelos Pastos Grandes, or PPG, consolidated project. Alex Shoga, Vice President and CFO of Lithium Argentina, will also be available for Q&A. Before we begin, I would like to cover a few items. Our third quarter 2025 earnings and the PPG scoping study results were press released earlier this morning and the corresponding documents are available on Lithium Argentina's website. I remind you that some of the statements made during this call, including any production guidance, expected company performance, update on the PPG development plan, the timing of our projects, 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 will now turn the call over to Sam Piggott.

Good morning, everyone. We have a lot to discuss today. We'll start quickly with third quarter results and want to recognize the incredible work of the global team that continues to collaborate and contribute to the success of the Kachari-Olaroz operation. The third quarter saw continued execution and the impact from our ongoing efforts to optimize our production plan, increase efficiencies in our process, and make improvements designed to bring down costs long term. We remain confident in meeting our targets for 2025. While there is still work to do to complete these optimization efforts, we are very pleased with the plant's performance, where we are seeing production rates of 90% capacity sustained over extended periods of time. In October, we achieved a new record monthly production volume, reaching close to full capacity. As we look towards 2026, our goal is to continue to sustain higher production levels while also taking long-term actions to best position the business for the years to come. On the balance sheet, we were pleased to announce a new $130 million six-year debt facility from Ganfang. This new facility gives us added flexibility to enhance our debt profile at the corporate level while preserving shareholder value. Finally, and what matters most, is that the operation continues to perform safely and reliably with a committed team driving continuous improvements. I want to pause on what's been one of the most important drivers of our progress, the strong performance at Kachari Oloraz. and that's our collaborative partnership. Together, Lithium Argentina and Ganfeng have built a highly successful joint venture in Argentina. With just under a billion dollars in capital investment, we've established one of the largest and most efficient new lithium operations globally, with a shared goal of supplying lithium chemicals to a diversified global customer base. If you look at the production profile on this slide, you can see the strength of our execution. Within 12 months following the completion of the lithium chemical plant, we were able to steadily increase production, reaching close to our targeted capacity. That reflects the quality of our resources, team, and collaborative partnership with Ganseng. With that, I would like to turn it over to Ganseng's CEO, Wang Xiaoshan, to provide his perspective on our partnership and shared vision for Argentina.