About Web Lithium Argentina

WEB Lithium Argentina: A Leader in Lithium Production

About WEB Lithium Argentina

WEB Lithium Argentina is a pure-play lithium producer with operations in Argentina. The company owns two neighboring lithium brine resources in the Salta province, which are among the largest and highest-grade lithium brine resources in the world. WEB Lithium is committed to sustainable and environmentally responsible lithium production.

Recent Financial Performance

WEB Lithium Argentina recently reported its first quarter 2024 results. The company's revenue increased by 15% year-over-year to $30 million. Net income also increased by 20% to $10 million. The company's strong financial performance is driven by the increasing demand for lithium, which is a key component in electric vehicle batteries.

Financial Position

As of March 31, 2024, Lithium Argentina had $86 million in cash and cash equivalents. The company also had $20 million in long-term debt. This provides the company with a strong financial foundation to continue its growth plans.

Outlook

WEB Lithium Argentina is well-positioned to benefit from the growing demand for lithium. The company has a large and high-quality lithium resource base, and it is committed to sustainable and environmentally responsible lithium production. The company's strong financial position also provides it with the flexibility to invest in new growth opportunities.