TCA Tanoira Cassagne (“TCA”) advised Minera Exar S.A., in the approval of its simple non-convertible notes program for a total amount in circulation at any time of US$500,000,000 (or its equivalent in other currencies) (the “Program”), which authorization was granted by the National Securities Commission (the “CNV” for its acronym in Spanish) on September12, 2024.

EXAR is an Argentine company dedicated to the development and production of lithium carbonate in the Salar Cauchari-Olaroz, where the ‘Cauchari-Olaroz Plant’ is located, in the province of Jujuy, Argentina.

The company is currently in the production start-up phase and has the installed capacity to reach a production of 40,000 tonnes per year of ‘quality/battery’ lithium carbonate.

This milestone is a turning point for the mining industry, providing new investment opportunities and setting a precedent for future companies in the sector.

Deal Counsel of the Transaction: TCA through a team led by Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Diaz; and Associates: Carolina Mercero, Teófilo Trusso and Stefanía Lo Valvo.