- Portofino (POR) has reported on the status of its Argentina lithium projects
- The company has Initiated a geothermal study at the Yergo Lithium Project in the southern part of Argentina
- It is also working toward completing definitive collaboration agreements with the state-owned mining company of the Province of Salta, regarding multiple lithium brine mineral properties
- Portofino is a Vancouver-based company focused on exploring and developing mineral resource projects in the Americas
- Portifino Resources Inc. (POR) is unchanged on the day, trading at C$0.08 per share at 3:30 pm ET
Portofino (POR) has reported on the status of its lithium projects in Argentina.
At the Yergo Lithium Project, located in the southern part of Argentina’s “Lithium Triangle”, the company has Initiated a geothermal study.
This study will assess the potential of Yergo’s renewable geothermal capacity that could potentially meet 100% of future direct lithium extraction power requirements, additionally providing the potential for a sustainable and stable base-load energy solution to local communities displacing traditional fossil fuels with a carbon neutral future.
The company is also working toward completing definitive collaboration agreements with Recursos Energeticos y Mineros De Salta S.A. (REMSA), the state-owned mining company of the Province of Salta, regarding multiple lithium brine mineral properties in the province.
It is expected that the initial agreement will be concerning the Arizaro salar property which comprises approximately 84 sq. km. and is near multiple world-class lithium projects.
Portofino is a Vancouver-based company focused on exploring and developing mineral resource projects in the Americas.
Portifino Resources Inc. (POR) is unchanged on the day, trading at C$0.08 per share at 3:30 pm ET.
