Aussie company signs agreement with Argentinian province over lithium assets
The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.
The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.
The Vancouver-based company fell the most in nearly two years Wednesday.
Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.
Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.
South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.
As of Dec. 31, the firm owned 1.2 million American depositary receipts in SQM, one of the world’s largest lithium producers.
Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.
The two separate claim groups are located within the Georgia Lake Area Pegmatite field in Ontario.
Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.
Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.