Lithium Argentina plans to shift corporate domicile to Switzerland
Lithium Argentina is planning to shift its corporate domicile to Switzerland to bolster its financing flexibility and support long-term growth.
The redomiciling is due to be executed through a plan of arrangement, with the company continuing from British Columbia, Canada, before shifting jurisdiction to the Canton of Zug, Switzerland.
Subject to shareholder, stock exchange and court approvals, the move is set for early 2025.
Lithium Argentina will be renamed Lithium Argentina AG following the relocation.
Following an extensive review, Switzerland emerged as the optimal location for Lithium Argentina from strategic, commercial and legal standpoints, the company said.
It believes this move will provide access to various markets, proximity to European customers and an attractive investment framework for shareholders.
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The Lithium Argentina group of companies’ operational headquarters will be in Buenos Aires, Argentina.
Lithium Argentina predicts no significant operational or financial impact from the domicile change.
In a press statement, Lithium Argentina said: “As part of the new corporate domicile, the company plans to change its name to Lithium Argentina AG and continue the listing of its common shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the new symbol ”LAR”, which will continue to provide shareholders with the convenience of owning North American listed stock and avoids any disruption related to changing the listing to other capital markets.
“By continuing to trade on North American markets, the company will continue to be subject to the public company reporting requirements under Canadian and US securities laws.”
In Jujuy province, northern Argentina, the company holds a 44.8% stake in the Caucharí-Olaroz project through Minera Exar S.A.
Lithium Argentina also has other key projects in the Pastos Grandes basin, Salta province, about 100km south of Caucharí-Olaroz.
