Argentina Lithium & Energy Strengthens Position in Prolific Lithium Triangle

Argentina Lithium & Energy Corp. (TSX-V: LIT)(OTC: PNXLF) — currently trading around C$0.55 per share — has signed a Definitive Agreement to acquire the Rincon West and Pocitos lithium properties, further strengthening its position in the prolific Lithium Triangle, Argentina.

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.

The 2,370 hectare Rincon West property is situated in the very prospective Salar del Rincon where the company is in the planning stages for a geophysics and subsequent drill program. The Pocitos prospect is a group of 11 contiguous mining concessions totalling 15,857 hectares located on the western side of the Pocitos Salar.

The company now holds just under 60,000 hectares of property in the Argentinian portion of the Lithium Triangle and is in the process of raising C$5 million to fund its upcoming exploration agenda.

Argentina Lithium CEO, Niko Cacos — whom you’ll be hearing directly from momentarily — commented via press release:

“With the agreement finalized, we can begin planning for an expedited exploration and drilling program. These properties hold exceptional lithium discovery potential.”

With a sharp rise in lithium demand being fueled by the world’s largest automakers racing to go electric, the timing of the acquisitions could not be any better for Argentina Lithium & Energy.

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 next few quarters 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.

Access Gerardo’s late-breaking interview with Argentina Lithium CEO, Niko Cacos.