UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
LITHIUM ARGENTINA AG
(Exact name of registrant as specified in its charter)
| Switzerland | 001-38350 | Not applicable | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (IRS Employer Identification No.) |
| Dammstrasse 19, 6300 Zug, Switzerland | 900 West Hastings Street, Suite 310, Vancouver, British Columbia, Canada V6C 1E5 |
|
| (Address of principal executive offices) | (North American Mailing Address) |
Alex Shulga
778-653-8092
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___.
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025.
SECTION 1 - CONFLICT MINERALS DISCLOSURE
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 - Exhibit
Not applicable
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
Lithium Argentina AG (“Lithium Argentina”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). Lithium Argentina is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2025 to satisfy the requirements of Item 2.01. Lithium Argentina’s ESTMA report is available on Lithium Argentina’s website at https://investors.lithium-argentina.com/static-files/179965ef-1fa0-4f94-aec6-98cc14431c21 or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
SECTION 3 - EXHIBITS
Item 3.01. Exhibits
The following exhibit is filed as part of this report.
| Exhibit Number | Description | |
| 2.01 | Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2025 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.
| LITHIUM ARGENTINA AG | |||
| By: | /s/ Alex Shulga | September 4, 2026 | |
| Alex Shulga | (Date) | ||
| Vice President and Chief Financial Officer | |||
UNCLASSIFIED - NON CLASSIFIÉ
| Extractive Sector Transparency Measures Act - Annual Report | |||||||
| Reporting Entity Name | Lithium Americas (Argentina) Corp. |  |
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| Reporting Year | From | 2025-01-01 | To: | 2025-12-31 | Date submitted | 2026-05-29 | |
| Reporting Entity ESTMA Identification Number | E517256 |  Original Submission  Amended Report |
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| Other Subsidiaries Included (optional field) |
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| For Consolidated Reports - SubsidiaryReporting Entities Included in Report: | E186607 Millennial Lithium Corp. | ||||||
| Not Substituted | |||||||
| Attestation by Reporting Entity | |||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above.Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |||||||
| Full Name of Director or Officer of Reporting Entity | Alex Shulga | Date | 2025-05-29 | ||||
| Position Title | Chief Financial Officer | ||||||
UNCLASSIFIED - NON CLASSIFIÉ
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
| Reporting Year | From: | 2025-01-01 | To: | 2025-12-31 | |||||||
| Reporting Entity Name | Lithium Americas (Argentina) Corp. | Currency of the Report | USD | ||||||||
| Reporting Entity ESTMA Identification Number | E517256 | ||||||||||
| Subsidiary Reporting Entities (if necessary) | E186607 Millennial Lithium Corp. | ||||||||||
| Payments by Payee | |||||||||||
| Country | Payee Name1 | Departments, Agency, etc... within Payee that Received Payments2 |
Taxes | Royalties | Fees | Production Entitlements |
Bonuses | Dividends | Infrastructure Improvement Payments |
Total Amount paid to Payee |
Notes34 |
| Argentina | Government of Salta Province | Provincial Revenue of Salta | 214 | 214 | Annual rights payment (REMSA). Payment completed in ARS pesos ARS $228,071, FX rate 0.000940 equal to USD $214.39 Payments method of conversion at the exchange rate at the time payment was made. FX rates from OANDA currency converter, source of accounting system. |
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| Argentina | Government of Salta Province | General Direction Revenue of Salta |
228,764 | 228,764 | Annual rights payment. Payment completed in ARS pesos ARS $245,758,112 FX rate 0.000931 equal to USD $228,764 Payments method of conversion at the exchange rate at the time payments were made. FX rates from OANDA currency converter, source of accounting system. |
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| Argentina | National Government of Argentina | ARCA (Agencia de Recaudacion y Control Aduanero) replacing former tax agency AFIP | 331,438 | 331,438 |
Annual personal tax payment calculated on the basis of 0.5% on company's equity from foreign investors. Payment completed in ARS pesos ARS $480,345,293 FX rate 0.000690 equal to USD $331,438 Payments method of conversion at the exchange rate at the time payments were made. FX rates from OANDA currency converter, source of accounting system. |
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| Chile | Tesoreria General de la Republica | SCM Pampa Union | 140,966 | 140,966 | Annual rights payment. Payment completed in CPL pesos ARS $133,918,132 FX rate 0.001053 equal to USD $140,966 Payments method of conversion at the exchange rate at the time payments were made. FX rates from Banco de Chile. |
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| Additional Notes: | FX rates based on the accountig system conversion as per payment date. OANDA currency converter is the source for the accounting system. | ||||||||||
UNCLASSIFIED - NON CLASSIFIÉ
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
| Reporting Year | From: | 2025-01-01 | To: | 2025-12-31 | |||||||
| Reporting Entity Name | Lithium Americas (Argentina) Corp. | Currency of the Report | USD | ||||||||
| Reporting Entity ESTMA Identification Number | E517256 | ||||||||||
| Subsidiary Reporting Entities (if necessary) | E186607 Millennial Lithium Corp. | ||||||||||
| Payments by Project | ||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments |
Total Amount paid by Project |
Notes23 |
| Argentina | Proyecto Pastos Grandes | 331,438 | 228,978 | 560,416 | Local annual mineral rights. For individual payments break down, please refer to details in tab Payments by Payee |
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| Chile | Arena Minerals Chile | 40,966 | 140,966 |
Local annual mineral rights. For individual payments break down, please refer to details in tab Payments by Payee |
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| Additional Notes3: | ||||||||||