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Investment in Cauchari-Olaroz Project (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Investments Accounted For Using Equity Method [Line Items]

Schedule of Investment in Cauchari-Olaroz Project

Changes in the Investment in Cauchari-Olaroz Project are summarized below:


		$
Investment in Cauchari-Olaroz Project, as at December 31, 2022			41,507
Contribution to Investment in Cauchari-Olaroz Project			1,863
Share of income of Cauchari-Olaroz Project			53,555
Elimination of the Company’s portion of capitalized intercompany interest			(37,344	)
Investment in Cauchari-Olaroz Project, as at December 31, 2023			59,581
Contribution to Investment in Cauchari-Olaroz Project			1,570
Share of loss of Cauchari-Olaroz Project			(17,374	)
Elimination of the Company’s portion of capitalized intercompany interest			(10,858	)
Investment in Cauchari-Olaroz Project, as at December 31, 2024			32,919

Schedule of Reconciliation of the Summarized Financial Information For Minera Exar and Exar Capital to Carrying Value

The following provides a reconciliation of the summarized financial information for Minera Exar and Exar Capital to carrying value:


		Minera Exar				Exar Capital
		$				$
Net assets, December 31, 2023			244,751				73,724
Company's share of net assets			109,648				36,125
Elimination of capitalized intercompany interest			(96,682	)			-
Expenditures incurred by the Company in connection to the investee			10,490				-
Carrying value			23,456				36,125

Net assets, December 31, 2024			211,915				67,182
Company's share of net assets			94,938				32,919
Elimination of capitalized intercompany interest			(133,512	)			-
Expenditures incurred by the Company in connection to the investee			12,531				-
Unrecognized losses			26,043				-
Carrying value as of December 31, 2024			-				32,919

Minera Exar S.A.

Disclosure Of Investments Accounted For Using Equity Method [Line Items]

Schedule of Amounts Presented in Financial Statements of Joint Venture

he following is the condensed financial information of Minera Exar on a 100% basis, as amended to reflect the Company’s accounting policies.


		December 31, 2024				December 31, 2023
		$				$
Total current assets			312,354				236,027
Non-current assets			1,479,969				1,324,668
Current liabilities:
Third-party loans			(161,059	)			(314,109	)
Loans from Exar Capital			(584,474	)			(265,881	)
Derivative liability on loans from Exar Capital			(53,211	)			(62,688	)
Other payables to Exar Capital			(32,122	)			(24,084	)
Other current liabilities			(40,702	)			(53,821	)
Non-current liabilities:
Third-party loans			(49,315	)			(36,242	)
Loans from Exar Capital			(455,821	)			(501,066	)
Loans from PGCo			(67,355	)			-
Derivative liability on loans from Exar Capital and PGCo			(47,352	)			(43,460	)
Other non-current liabilities			(88,997	)			(14,593	)
Net assets			211,915				244,751


		Years ended December 31,
			2024				2023				2022
		$				$				$
Sales			197,685				34,521				-
Cost of sales			(177,980	)			(27,799	)			-

Gross profit			19,705				6,722				-

Other (loss)/income			(52,540	)			122,821				(131,868	)
Net (loss)/income			(32,835	)			129,543				(131,868	)

Exar Capital B.V.

Disclosure Of Investments Accounted For Using Equity Method [Line Items]

Schedule of Amounts Presented in Financial Statements of Joint Venture

The following is the condensed financial information of Exar Capital on a 100% basis.


		December 31, 2024				December 31, 2023
		$				$
Current assets:
Loans advanced to Minera Exar			584,474				265,881
Other receivables from Minera Exar			32,122				24,084
Other current assets			15,235				88,687
Total current assets			631,831				378,652
Non-current assets
Loans advanced to Minera Exar			455,821				501,066
Current liabilities
Loans from Lithium Argentina			(380,415	)			(320,869	)
Loans from Ganfeng			(602,006	)			(454,810	)
Other current liabilities			(24,894	)			(10,967	)
Non-current liabilities			(13,155	)			(19,348	)
Net assets			67,182				73,724


		Years ended December 31,
			2024				2023				2022
		$				$				$
Interest income on loans to Minera Exar			113,364				83,357				58,614
Interest expense on loans from Lithium Argentina			(44,043	)			(33,067	)			(17,602	)
Interest expense on loans from Ganfeng			(63,408	)			(46,960	)			(29,455	)
Other losses			(12,454	)			(12,472	)			(7,353	)
Net (loss)/ income			(6,541	)			(9,142	)			4,204

7.

INVESTMENT IN CAUCHARI-OLAROZ PROJECT (continued)