Goin’ BIG in Argentina’s Prolific Lithium Triangle Next-Door to Majors

Argentina Lithium & Energy Corp. (TSX-V: LIT)(OTC: PNXLF) — currently trading around C$0.18 per share — has successfully expanded its lithium exploration foothold in Argentina’s prolific Salar de Antofalla with an option agreement for the acquisition of 3 mine concessions totaling 13,294 acres.

The newly optioned properties are situated adjacent to the company's 22,000 acres of 100% held claims in the renowned Lithium Triangle.

The Lithium Triangle — which includes parts of northwestern Argentina where the company’s two 100%-owned projects [Antofalla and Incahuasi] are located — produces about half of the world's lithium and hosts approximately 60% of the world’s known lithium reserves.
 
 
 
And the Salar de Antofalla — where the company just significantly increased its land position — is emerging as one of the highest-profile salars in all of Argentina. In fact, Argentina Lithium’s neighbor toward the southern end of the salar is none other than major lithium producer Albemarle Corporation, which anticipates the salar being certified as the largest in Argentina. 
 
 
Argentina Lithium CEO, Niko Cacos — whom you’ll be hearing directly from momentarily — commented via press release:
 
 

"This acquisition further bolsters our presence in this highly prospective salar. Albemarle Corporation, a major lithium producer, stated that its lithium resource in the southern portion of Salar de Antofalla is expected to be certified as the largest in Argentina.”

 
 
 
 
The timing also appears right for Argentina Lithium & Energy with a sharp rise in lithium demand being fueled by the world’s largest automakers racing to go electric. Hence, the global demand for a cleaner, greener future is a goal that Argentina Lithium — led by CEO, Niko Cacos — believes it can support through the exploration and development of its expanding portfolio of early-stage lithium resources in northwestern Argentina.

Things are shaping up nicely for an exciting second half of the year for Argentina Lithium as the company progresses its exploration agenda at its growing base of lithium assets in the region coupled with a focus on future accretive acquisitions via its boots-on-the-ground expertise as a member of the prestigious Grosso Group.

Our own Gerardo Del Real of Junior Resource Monthly caught up with the CEO to go over the newly-acquired mine concessions at the flagship Antofalla Lithium Project and much more. CLICK HERE TO LISTEN. Transcript is also available. 
 
 

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.

Click here to see more from Argentina Lithium & Energy