Mike Fagan,
Editor
Oct. 5, 2021
Argentina Lithium & Energy Corp. (TSX-V: LIT)(OTC: PNXLF) — currently trading around C$0.25 per share — has entered into an LOI to acquire a 100% interest in the 5,850-acre Rincon West property and the 39,000-acre Pocitos concessions located in the heart of the prolific lithium district in Salta Province, Argentina.
Rincon West — which has seen zero historic drilling and is the primary asset of the pending acquisition — is located on the west side of the Rincon Salar, which has two significant lithium development projects underway by Rincon Ltd. and Argosy Minerals.
Management is evaluating geophysics on the property, which have identified brines at 30 meters depth and point to the potential for hosting lithium brine values upwards of 400 milligrams per liter.
The Pocitos concessions — which have seen modest historic exploration including geophysics and surface sampling with very limited drilling — are situated on the western side of the Pocitos Salar and east of the Arizaro Salar… so some pretty attractive real estate in terms of potential for hosting high-grade lithium reserves.
Argentina Lithium CEO, Niko Cacos, commented via press release:
“These properties represent prime exploration assets with infrastructure close by and potential for discovery of high-grade lithium brines. Salta is a pro-mining jurisdiction and Argentina Lithium intends to fast-track drilling to evaluate and advance these well-located properties.”
Both projects — which are located within the famed Lithium Triangle of Argentina, Chile, and Bolivia — have the benefit of being close to major infrastructure including proximity to an electric power corridor and a major highway that runs down to the Pacific ports in Chile.
Also, the timing really could not be any better for Argentina Lithium & Energy with the current global push for lithium-ion-powered electric vehicles — or EVs for short. In fact, President Biden recently announced new emissions standards calling for a full 50% of vehicles sold in the US by 2030 to be EVs. That’s less than 9 years from now!
And the early proof is in the numbers with battery-quality lithium carbonate prices up over 100% since August of last year.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Argentina Lithium VP of Exploration, Miles Rideout, for an in-depth discussion on the Rincon West and Pocitos acquisitions and what he sees as next-steps for advancing the projects.
Please enjoy that exclusive interview by clicking here.
On a related topic, as you’re no doubt aware, the price of uranium along with select uranium equities have been going gangbusters of late, including some very solid winners for Gerardo’s Junior Resource Monthly portfolio.
Just like lithium, Gerardo has tons more to say about the uranium bull that’s newly in-play including how to position for even more near-term gains. He cautions that it’s a market that always eventually overshoots… so the idea is to get in fast and get out relatively fast as well… with a much fatter wallet to-boot!
Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil.
And click here for our feature report on Argentina Lithium & Energy Corp.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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