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Argentina Lithium & Energy Corp. has successfully closed the Exploration and Purchase Option Agreement for the Rincon West and Pocitos properties in Salta Province, Argentina, following TSX Venture Exchange approval. The Company will pay a total of US$4.2 million in cash over three years, alongside issuing 750,000 common shares. The first payment of US$150,000 and the share issuance have been completed. All shares are subject to a four-month hold period. This acquisition supports Argentina Lithium's aim to capitalize on growing global lithium demand.
Argentina Lithium & Energy Corp. has received TSX Venture Exchange approval for its Definitive Agreement regarding the acquisition of lithium properties in Salta Province. The Agreement maintains prior terms, with future share issuances priced at either the volume-weighted average price or CDN$0.218 per share. Management expresses confidence in the exploration and drilling program, emphasizing the properties' lithium discovery potential, driven by increasing global demand from the battery sector.
Argentina Lithium & Energy Corp. has engaged Zoppa Media Group as an investor relations consultant for one year, effective immediately, at a monthly fee of $1,500. Zoppa is independent of the company but owns 456,000 shares and may purchase more for investment purposes. Their appointment requires regulatory approval from the TSX Venture Exchange. Argentina Lithium focuses on acquiring high-quality lithium projects in Argentina to meet the rising global demand from the battery sector, backed by a skilled management team with extensive experience in the resource sector.
Argentina Lithium & Energy Corp. (PNXLF) has expanded its lithium exploration holdings at the Pocitos Salar in Salta Province, Argentina, now totaling over 26,000 hectares. The company entered into three option agreements to acquire a 100% interest in an additional 10,364 hectares. The planned investments include cash payments of up to US$1.89 million over three years, plus share issuances valued at CAD$651,000. These acquisitions position the company as the largest holder in the Pocitos Basin, a key area for lithium exploration.
Power Play by The Market Herald recently released interviews featuring Xali Gold (XGC) and Argentina Lithium (PNXLF) regarding their latest announcements. Xali Gold is set to operationalize the El Oro tailings reprocessing by mid-2022, with an estimated resource of 119,900 ounces of gold and 3,061,200 ounces of silver. Meanwhile, Argentina Lithium has signed an agreement to acquire the Rincon West and Pocitos properties, committing to share issuances and cash payments totaling US$4,200,000 over 36 months.
On October 14, 2021, Argentina Lithium & Energy Corp. (OTC: PNXLF) announced the signing of a Definitive Agreement to advance their acquisition of the Rincon West and Pocitos lithium properties in Salta Province. This agreement, initially disclosed on September 28, 2021, allows Argentina Lithium to initiate an expedited exploration and drilling program, tapping into the significant lithium potential within these properties. The transaction is pending approval from the TSX Venture Exchange.
Argentina Lithium & Energy Corp. (OTC: PNXLF) is expanding its lithium exploration portfolio in Argentina's Lithium Triangle by entering a letter of intent to acquire the Rincon West (2,370 hectares) and Pocitos (15,857 hectares) properties. The deal includes issuing 750,000 shares to the vendor, cash payments of up to $4.2 million over 36 months, and aims to capitalize on the region's high-grade lithium potential. The company emphasizes the strategic location, close infrastructure, and plans to fast-track drilling to assess these properties.
On September 3, 2021, Argentina Lithium & Energy Corp. (OTC: PNXLF) announced the grant of 225,000 incentive stock options to its officers. Each Option allows for the purchase of a common share at $0.18, with a five-year term expiring on September 3, 2026. The Options are subject to a four-month hold period and require approval from the TSX Venture Exchange. The Company focuses on acquiring high-quality lithium projects in Argentina to meet growing demand in the battery sector, leveraging its experienced management team in the Lithium Triangle.
Argentina Lithium & Energy Corp. (OTC: PNXLF) has announced an expansion of its lithium exploration project at the Salar de Antofalla, Argentina. The company signed an option agreement to earn a 100% interest in three mine concession properties, totaling 5,380.5 hectares, which are adjacent to its existing 9,000-hectare claims. The agreement includes cash payments of $4 million over 42 months and annual exploration expenditures increasing from $500,000 in the first year to $3 million by the fourth year. The Salar de Antofalla is known for its lithium resources, bolstering Argentina Lithium's strategic position in the region.
Argentina Lithium & Energy Corp. is expanding its lithium exploration at Salar de Antofalla, Argentina, by entering an option agreement for three additional mine concession properties totaling 5,380.5 hectares. This complements the company's existing 9,000 hectares of claims. The acquisition involves cash payments of US$4,000,000 over 42 months with specific exploration expenditures. Albemarle Corporation has highlighted this area as having significant lithium resources, providing a strategic advantage as the project is near Argentina's largest lithium operation.