TCA Tanoira Cassagne advised China Minsheng Banking Corp., Ltd. Shangjai Pilot Free Trade Zone Brancha in the structuring of a loan for up to US$50,000,000 to Minera Exar S.A.
EXAR will receive one or more disbursements to fund its working capital needs.
EXAR is an Argentine company jointly owned by Ganfeng Lithium, Lithium Argentina and Jujuy Energía y Minería Sociedad del Estado (JEMSE), dedicated to the development and production of lithium carbonate at the Cauchari-Olaroz Salt Flat, where the Cauchari-Olaroz Plant is located, in the Province of Jujuy, Argentina.
In 2024, the company became Argentina’s leading lithium carbonate producer, surpassing 25,000 tonnes of production. In 2025, it achieved another milestone by exceeding 34,000 tonnes of annual production. For 2026, EXAR’s target is to produce between 35,000 and 40,000 tonnes.
EXAR has installed production capacity of up to 40,000 tonnes per year and generates more than 2,000 direct and indirect jobs.
Legal counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Ignacio Criado Diaz; and Associate Carolina Mercero. Advice on foreign exchange regulation matters was provided by Partner Rocío Carrica and Associate Joaquín López Matheu.
