TCA Tanoira Cassagne advised Ping An Bank Co., Ltd. (acting through its offshore banking department) and Luso International Banking Ltd as lenders, Natixis, Hong Kong Branch (incorporated in France with limited liability) as funding fronting bank and Natixis, Shanghai Branch as agent

in the structuring of a syndicated loan for up to US$100,000,000 to Minera Exar S.A..

EXAR will receive one or more disbursements to fund its working capital needs.

As Pablo Trumper, CFO of EXAR, stated in a recent article published by El Cronista: “The loan carries an interest rate of SOFR + 1%, which reflects access to credit under very favorable conditions.”

Source: https://www.cronista.com/negocios/litio-financiamiento-chino-minera-exar-recibe-prestamo-millonario-para-su-mina-argentina/

In 2024, EXAR became Argentina’s leading producer of lithium carbonate, surpassing 25,000 tons of output.

Total investment has exceeded US$1 billion since construction of the plant began in 2018. This represents a direct investment with real impact, creating a productive unit from the ground up in the heart of the Jujuy Puna region and generating peak employment of 3,300 people.

Once operating at full capacity, EXAR could have an annual production capacity of 40,000 tons of battery-grade lithium carbonate and is expected to have a useful life of 40 years.

Legal counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Ignacio Criado Diaz; and Associate Carolina Mercero.