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Argentina’s Increasingly Important Contribution to the Lithium Sector on the Rise

FN Media Group Presents USA News Group News Commentary

 

Vancouver, BC – March 16, 2023 – USA News Group  –  Mining exports in 2022 brought in US$3.86 billion to Argentina, marking the highest for the country since 2012. This spike was spurred on by a whopping 234% increase in lithium exports to US$696 million, as Argentina retained its Top 5 status among lithium producers at number four. Several analysts are forecasting that demand isn’t about to slow down, while suppliers struggle to keep up. As well, governments around the world are scrambling to secure supplies for their countries and incentivizing a need for a lithium supply chain independent of China. All the while, they’re having to compete with China for these strategic new energy minerals. Now there is plenty of attention being paid to South American lithium with plenty of developments underway from developers and producers such as Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), Alpha Lithium Corporation (NEO:ALLI) (OTCPK:APHLF), Livent Corporation (NYSE:LTHM), and then Sigma Lithium (NASDAQ:SGML) in Brazil.

 

Developing out its Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina, Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF) is working to expand upon its M+I resource of 571,000 tonnes Li2CO3 equivalent.

 

Now in the midst of its 2023 drill campaign, Lithium South just announced more high-grade results at hole AS02, which was completed to a depth of 410m—including 569 mg/L Li, 605 mg/L Li, 637 mg/L Li, and 708 mg/L Li.

 

“Hole AS02 is the deepest hole completed to date at the HMN Li Project and demonstrates the potential to significantly expand the total resource for the project,” said Lithium South President and CEO Adrian F. C. Hobkirk. “We are very pleased with the high lithium and low magnesium values.”

 

The HMN Li Project is at an advanced stage of evaluation, with a Preliminary Economic Assessment (PEA) completed in April 2019, which was based on an original Tramo claim of 383 hectares of the project’s original claims, whereas today the property package comprises of 5,687 hectares over 9 mining concessions.

 

The last hole to be drilled at the Alba Sabrina Claim Block is currently underway at location AS07, while results from other holes completed to date are pending. Once drilling is completed on the Alba Sabrina Claim Block, the rig will move to the Natalia Maria Claim Block located to the east of Alba Sabrina and south-west of the Tramo claim block which was drilled in 2018.

 

In order to advance their project’s potential for Direct Lithium Extraction (DLE), Lithium South has also sent three 2,000-liter bulk samples of high-quality HMN Li brine for test work performed by three DLE developers: (strategic partners) Chemphys Chengdu located in Sichuan Province, China, Eon Minerals of Salta Province, and Lilac Solutions of Oakland, California.

 

To the south of the HMN Li Project, Livent Corporation (NYSE:LTHM) is producing lithium and has actively operated there for over twenty-five years, with its Fénix project that involves integrated brine extraction and lithium processing facility located in the Salar del Hombre Muerto that contributes to Argentina’s 37,500t annual lithium output.

 

The HMN Li Project is also adjacent to a US$4 billion lithium mine under development by the Korean multinational corporation POSCO, which acquired their holdings from Galaxy Resources Allkem Limited (TSX:AKE) (OTC:OROCF)—for US$280 million, closed in 2018.

 

Allkem went on to retain plenty of asset value in the Lithium Triangle with its Sal de Vida project near groups like Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), and Livent Corporation (NYSE:LTHM), where the company just acquired another 1,800 ha through the Maria Victoria Tenement.

 

“The Maria Victoria tenement is expected to add resource tonnes to the already substantial lithium brine resource defined at Olaroz,” said Allkem Managing Director and CEO Martin Perez de Solay. “Control of this tenement will enable the more efficient development of the Olaroz salar as we consider the long term expansion of production.”

 

Since then, Allkem recently updated the market by stating its Olaroz Lithium Facility achieved record production of 4,253 tonnes of lithium carbonate which was up 17% on the previous corresponding period. Olaroz Stage 2 officially reached 96% completion and pre-commissioning, with full commissioning activities expected to commence later in Q1 CY2023.

 

Livent recently received more accolades in the form of its third consecutive Gold rating for sustainability by EcoVadis, placing Livent in the top 5% of the more than 90,000 companies assessed worldwide in 2022.

 

“As one of the world’s premier producers of lithium chemicals, we believe Livent has an obligation to meet the growing global demand for lithium while advancing industry standards for responsible growth and production,” said Paul Graves, President and CEO of Livent. “Our social and environmental efforts are underpinned by lithium’s critical role in the shift to electric vehicles and clean energy solutions as well as our mission as a company to help build a more sustainable future for generations to come.”

 

On its Tolillar Salar asset, also in the Salta region of Argentina, Alpha Lithium Corporation (NEO:ALLI) (OTC:APHLF) just announced that the property has more than sufficient on-site fresh water to support the company’s planned 50,000 tonnes per annum of lithium production at an upcoming facility.

 

“The existence of an on-site, non-competitive, high delivery rate, high recharge rate, water aquifer is a game-changer for Tolillar,” said Brad Nichol, President and CEO of Alpha. “We have known for some time that we had access to fresh water, but that broad knowledge had to be supported by detailed data and analysis, which we now have thanks to Conhidro. And the results change everything. Other companies have reported availability of fresh water but often underreport issues like highly-competitive access, poor or remote locations, low delivery rates, or some combination of these and other issues. Alpha’s fresh water source will be a major attraction to the world’s most aggressive acquirers of lithium assets.”

 

The news of the water supply followed upon Alpha Lithium’s announcement of being granted drilling licenses for its exploration activities on its properties in the Salar del Hombre Muerto.  Alpha intends to drill up to 12 wellbores on its +5,000 hectare Hombre Muerto property over the next 12 months.

 

Lastly, Sigma Lithium (NASDAQ:SGML) is rapidly moving towards commencing lithium production in April at its Greentech plant in Brazil. Meanwhile, Sigma announced the completion of its crushing circuit and pump water system commissioning, as it begins detailed engineering almost immediately for its planned plant expansion to nearly triple production from 270,000 tpa to 760,000 tpa.

 

“Reaching this critical milestone of concluding commissioning of the crushing module of the Greentech Plant is a tremendous achievement of our execution team,” said Ana Cabral-Gardner, Sigma Lithium CEO and Co-Chair. “What drives us at Sigma Lithium is the larger purpose to leave a legacy of prosperity at Vale do Jequitinhonha in Brazil. We are inserting Brazil in the global battery materials supply chain through the front door, producing an environmentally and socially sustainable lithium that will be building the next generation of electric vehicles with materials produced with the same ethos of its customers.”

 

For more information please visithttps://usanewsgroup.com/2022/08/26/how-a-new-sustainable-lithium-production-technology-could-save-the-ev-revolution/

 

Article Source: 

USA News Group
http://USAnewsgroup.com
info@usanewsgroup.com

 

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Lithium News is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.

 

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

 

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

 

SOURCE USA News Group

The post Argentina’s Increasingly Important Contribution to the Lithium Sector on the Rise appeared first on Financial News Media.

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