American Salars Lithium Inc. has expanded its Pocitos Project in Argentina by 1,635% to 13,880 hectares, becoming the second largest property holder in the area. The company has entered into a Letter of Intent Agreement to acquire up to 100% of the project, aiming to enhance lithium production capacity and conduct further studies to advance towards commercial operations.
American Salars Lithium Inc. has unveiled a dramatic expansion of its Pocitos Project located in Argentina’s Lithium Triangle, increasing its area by 1,635%, which amounts to 13,880 hectares. This remarkable growth establishes the company as the second largest property holder on the Salar de Pocitos, significantly enhancing its prospects for lithium extraction.
The expansion involves a Letter of Intent Agreement aiming to acquire up to 100% ownership of the Salar De Pocitos Project. The project has undergone substantial historical exploration, and the company intends to compile existing data to update its Mineral Resource Estimate and execute scoping and feasibility studies to facilitate a transition towards commercial production.
The strategic location of the expanded project boasts excellent infrastructure, making this acquisition a transformative milestone for the company and its stakeholders. This development emphasizes American Salars’ commitment to advancing its operations in the growing lithium market.
American Salars Lithium Inc.’s major expansion of the Pocitos Project represents a strategic advancement within Argentina’s Lithium Triangle, positioning the company favorably for increased lithium production. The acquisition not only enhances the company’s property holdings but also lays the groundwork for future exploration and commercial endeavors, demonstrating a commitment to leveraging significant infrastructure and historical exploration data.
Original Source: www.tipranks.com
