PriceSensitive

Argentina Lithium (TSXV:LIT) options additional properties on Pocitos Salar

Energy, Sponsored, The Watchlist
TSXV:LIT
19 January 2022 11:30 (EDT)

This browser does not support the video element.

Argentina Lithium & Energy (LIT) is expanding its holdings at the Pocitos Salar, at the heart of Argentina’s world-renowned Lithium Triangle.

The company’s holdings in this salar now total over 26,000 hectares.

Argentina Lithium President & CEO Nikolaos Cacos sat down with Dave Jackson to discuss the news.

The company and its Argentinian subsidiary, Argentina Litio y Energía S.A. have entered into three new option agreements with local vendors to acquire a 100 per cent interest in 10,364 hectares of new properties. 

Argentina Lithium can acquire a 100 per cent interest in the 1,602 hectare “El Pidio GIII” property in the southeast of the Pocitos Basin pursuant to an option agreement dated January 3, 2022.

Argentina Lithium can acquire a 100 per cent interest in the Aguamarga 11 and Aguamarga 16 properties, totalling 7000 hectares in the eastern flank of the Pocitos Basin pursuant to an option agreement dated January 3, 2022. 

The third agreement dated January 6, 2022, gives Argentina Lithium the option to earn a 100 per cent interest in five properties totalling approximately 1,762 hectares at the Pocitos Salar.

Argentina Lithium & Energy Corp (LI) is focused on acquiring high-quality lithium projects in Argentina, and advancing them towards production in order to meet the growing global demand from the battery sector. 

Argentina Lithium & Energy Corp. (LIT) opened trading at C$0.47 per share.

Related News