As indicated by the company in a statement sent to Energy Reportthe tender will be held on November 7, 2024. “The proceeds will be used to mainly finance working capital and/or refinancing of liabilities to finance the commercial line of business”they added.
This Argentine company is made up of Ganfeng Lithium, Lithium Argentina and Jujuy Energy and Mining State Society (JEMSE) as shareholders and concentrates its operations in the Salar CauchariOlaroz, in Jujuy, where it develops the “Cauchari-Olaroz Project”.
With a capacity of 40,000 tons per year of battery quality lithium carbonateExar has the installed capacity to become the largest producer of lithium carbonate from Argentina. Currently, the plant is in the production start phase, and expects to produce between 20,000 and 25,000 tons this year.
The instruments to be tendered meet the following characteristics:
- CLASS I: dollar payment currency, 3-year term with fixed interest rate.
- CLASS II: dollar linked, 2-year term with fixed interest rate.
For both classes the minimum subscription amount is 100 US dollars.
The shareholders indicated that EXAR has a solid competitive position in the lithium carbonate market, the support of its shareholders and a solid and growing cash flow generation. Besides, operates with solid projections regarding future generation of flows.
Who will be the placement agents for Exar’s ON?
In this operation, Bancos Santander and ICBC will act as Organizers and Placement Agents, while Banco Galicia, Banco BBVA, Macro Securities, Banco Comafi, Balanz, Banco Mariva, Banco Supervielle, Puente, Allaria, Invertironline, TPCG, MAX Capital, Global Valores, Neix, Cohen and others), will act as setters.
What status is the Cauchari-Olaroz project in?
The initial stage of exploration and prospecting in the Cauchari Olaroz Salt Flats began in 2009, a period during which numerous pre-feasibility, feasibility and environmental impact studies were carried out. Once the operating permits were obtained, construction of the EXAR plant began, which required an investment of 979 million dollars.
At its peak, this process directly employed more than 3,300 people. Currently, the project has more than 2,100 direct and indirect collaborators, of which more than 60% reside in the Province of Jujuy, and 30% do so in surrounding communities, thus becoming a fundamental engine for development. regional.
direct and indirect
Source: Ambito
