Argentina Lithium Drilling Continues to Produce Strong Lithium Results at the Rincon West Project

Argentina Lithium Drilling Continues to Produce Strong Lithium Results at the Rincon West Project

TSX Venture Exchange (TSX-V):  LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") reports positive results from the tenth and eleventh exploration holes at its Rincon West Project in Salta Province Argentina . Samples collected over a 295.5 m section of RW-DDH-010 ranged from 245 to 366 mgl lithium. Samples collected over a 321 m section of RW-DDH-011 ranged from 246 to 344 mgl lithium.

Argentina Lithium & Energy Corp. logo (CNW Group/Argentina Lithium & Energy Corp.)

"Our tenth exploration hole was situated to test the continuity of the brine aquifer as our drilling extends eastward into the main salar basin. These results demonstrate continued strong grades and an exceptional interval length. For our eleventh hole, we moved 2.7 kilometres to the southeast, to test the salt flat in the southern and eastern portion of our main block at the Rincon West project. This produced another long interval of concentrated brines and recovered cores containing fractured crystalline halite and coarse, poorly cemented sediments, which may be excellent formations for pumping potential. We were not able to reach the bottom of the basin formation in the eleventh hole. We plan to extend our ongoing drilling to greater depths, with the objective of drilling into basement rock and defining the bottom of the aquifer." stated Miles Rideout , V.P. of Exploration.

The results including sampling method, the sample interval data and the brine analyses for RW-DDH-010 and RW-DDH-011 are shown in Tables 1 and 2 respectively. Drill collar information is presented in Table 3. An extensive selection of samples has also been sent for brine recovery testing at an independent laboratory; results are awaited.

The Rincon West Project covers 5198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project. Drill holes RW-DDH-010 and RW-DDH-011 represent the first two holes of the 6-hole program planned for the Rinconcita II property, announced in the Company's October 19, 2023 News Release. The Rinconcita II property represents a continuous extension of the sandy western basin at Rincon West, eastwards over the Rincon salt flat.

Figure 1 presents a map of the western (main) block of the Rincon West project showing the positions of eleven completed exploration holes (see  News Releases dated July 13, 2022 , October 3, 2022 , October 25, 2022 , January 26, 2023 , April 24, 2023 and May 31, 2023 ). The drill locations are overlain on the conductive zones (yellow shading) delineated by two geophysics campaigns (see News Releases dated May 2, 2022 and October 19, 2023 ).

Table 1:  Interval data and results of brine analyses for lithium, potassium, and magnesium for drill hole RW-DDH-010 *

Sample Interval (m)

Sample Method

Li

K

Mg

Density

From

To

Thickness

(mg/litre)

(g/ml)

RW-DDH-010






31.5

36.5

5.0

Single packer

102

1766

1601

1.066

39.5

42.5

3.0

Single packer

47

910

925

1.035

51.5

54.5

3.0

Single packer

58

1113

798

1.04

57.5

60.5

3.0

Single packer

131

2461

1469

1.087

63.5

66.5

3.0

Single packer

245

4262

2403

1.153

69.5

72.5

3.0

Single packer

294

5240

2907

1.176

75.5

78.5

3.0

Single packer

230

4087

2142

1.143

81.5

84.5

3.0

Single packer

275

4859

2565

1.165

87.5

90.5

3.0

Single packer

269

4824

2385

1.159

93.5

96.5

3.0

Single packer

343

6206

2925

1.201

141.5

144.5

3.0

Single packer

251

4530

2200

1.149

153.5

156.5

3.0

Single packer

351

6565

3015

1.204

159.5

162.5

3.0

Single packer

342

6389

2925

1.197

165.5

168.5

3.0

Single packer

366

6961

3075

1.212

171.5

174.5

3.0

Single packer

354

6709

2992

1.207

177.5

180.5

3.0

Single packer

365

6968

2999

1.21

183.5

186.5

3.0

Single packer

363

6923

3000

1.215

189.5

192.5

3.0

Single packer

353

6849

2929

1.215

192

196

4.0

Double packer

354

6824

3062

1.211

265.5

294.5

29.0

Single packer

325

6266

2766

1.194

310

314

4.0

Double packer

364

7122

3071

1.21

319

323

4.0

Double packer

360

6932

3072

1.211

333

337

4.0

Double packer

354

6767

3045

1.21

344

348

4.0

Double packer

350

6752

3019

1.209

355

359

4.0

Double packer

323

6185

2797

1.196

Table 2:  Interval data and results of brine analyses for lithium, potassium, and magnesium for drill hole RW-DDH-011*

Sample Interval (m)

Sample Method

Li

K

Mg

Density

From

To

Thickness

(mg/litre)

(g/ml)

RW-DDH-011






12.5

15.5

3.0

Single packer

156

3183

2312

1.123

24.5

27.5

3.0

Double packer

264

5140

3393

1.18

30.5

33.5

3.0

Double packer

262

5327

3040

1.202

36.5

38.0

1.5

Double packer

256

5265

2929

1.196

54.5

57.5

3.0

Single packer

279

5885

2896

1.214

60.5

63.5

3.0

Single packer

276

5779

2857

1.211

66.5

69.5

3.0

Single packer

275

5855

2874

1.208

72.5

75.5

3.0

Single packer

281

5979

2792

1.209

78.5

81.5

3.0

Single packer

280

5956

2862

1.207

84.5

87.5

3.0

Single packer

315

6748

2963

1.216

90.5

93.5

3.0

Single packer

320

6801

2997

1.215

96.5

99.5

3.0

Single packer

293

6249

2897

1.208

102.5

105.5

3.0

Single packer

321

6841

3013

1.213

108.5

111.5

3.0

Single packer

313

6639

2937

1.204

114.5

117.5

3.0

Single packer

286

6096

2777

1.194

120.5

123.5

3.0

Single packer

295

6279

2820

1.196

126.5

129.5

3.0

Single packer

296

6226

2768

1.197

132.5

135.5

3.0

Single packer

317

6680

2905

1.2

138.5

141.5

3.0

Single packer

303

6437

2846

1.203

144.5

147.5

3.0

Single packer

299

6381

2837

1.202

150.5

153.5

3.0

Single packer

299

6197

2850

1.205

156.5

159.5

3.0

Single packer

292

6029

2722

1.195

168.5

171.5

3.0

Single packer

315

6280

2856

1.208

174.5

177.5

3.0

Single packer

302

6356

2890

1.209

180.5

183.5

3.0

Single packer

292

5826

2693

1.209

186.5

189.5

3.0

Single packer

274

5896

2739

1.208

192.5

195.5

3.0

Single packer

275

5908

2679

1.205

210.5

213.5

3.0

Single packer

246

5391

2431

1.202

240.5

243.5

3.0

Single packer

278

5697

2741

1.215

276.5

279.5

3.0

Single packer

335

6890

3032

1.218

282.5

285.5

3.0

Single packer

338

7004

3035

1.219

288.5

291.5

3.0

Single packer

334

6966

3062

1.216

336.5

339.5

3.0

Single packer

344

6971

3028

1.218

342.5

345.5

3.0

Single packer

319

6537

2865

1.212

*Both drill holes were inclined vertically; the brine hosting strata are believed to be flat lying resulting in reported intervals approximating true thickness.

Drilling Methodology

Both RW-DDH-010 and RW-DDH-011 were executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations and the recovery of brine samples where possible.

Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium's geologists.

Table 3:  Collar and maximum depth information for RW-DDH-010 and RW-DDH-011

Hole ID

East

North

Elevation

Azimuth

Dip

Depth


UTM Zone 19S (WGS84)

(m)

(deg.)

(deg.)

(m)

RW-DDH-010

683150

7337904

3743

n/a

90

401.0

RW-DDH-011

685111

7336135

3720

n/a

90

356.0

LIT's preferred method for brine sampling deploys a 'single packer' sampling unit during drilling. The packer sampling method allows the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval. For single packer sampling, an inflatable seal closes the top of the interval; the lower limit of drilling represents the bottom of the interval. In certain instances, double packer sampling is conducted following the completion of drilling. In this case, inflatable seals are employed to close both the top and bottom of the sample interval. The maximum span of double packer sampling is limited to less than 4 m by the height of the drill mast and other equipment limitations.

Geophysical profiling and lining the hole with 2" diameter PVC filters was completed for both holes. All core samples recovered in drilling were retained for geologic logging.

Observations regarding RW-DDH-010

RW-DDH-010 extends drilling eastwards from previous holes, towards Rincon salt flat. The hole was completed to 401.0 m depth and a total 24 brine samples using the single and double packer method were collected and submitted for analysis. Samples collected between 63.5 m depth and 359.0 m depth (the deepest sample collected) ranged from 245 to 366 mg/l lithium.  Over this 295.5 m interval 21 single and double packer brine samples were collected from intervals totalling 95.0 m , representing 32.1% of the total interval.

From surface to 23 m , gravels with a sandy-clayey matrix were drilled. No core was recovered between 23 and 27.5 m . From 27.5 to 52.5 m , red and brown sandy sediments were logged. Fine and medium black sands were drilled between 52.5 and 109 m . From 109 to 162.5 m , grey and brown sands were observed. A single 20 cm clay layer was observed within this interval. A sequence primarily composed of sandy breccias was drilled between 162.5 and 197 m , though no core was recovered between 179 and 180 m . From 197 to 313.7 m , multiple units of brecciated ignimbrite were drilled, typically containing angular lithic clasts.  From 313.7 to 317.7, altered breccia was observed, containing infrequent black veinlets with pyrite. Between 317.7 and 353 m , the hole intersected altered andesite with barite veins, followed by 5 m of hydrothermal breccia with traces of pyrite.  From 358 to 362 m , altered andesite was drilled. Between 362 and 373 m dacitic, rhyolitic and rhyodacitic porphyry units were logged, followed by a hydrothermal breccia. Then from 378 m rhyodacitic and rhyolitic porphyry units were observed, extending the end of the hole at 401 m .

Observations regarding RW-DDH-011

RW-DDH-011 is situated to investigate the basin below the salt flat at the southeast corner of the project area. The hole was drilled to 356.0 m depth and a total 34 brine samples using the single and double packer method were collected and submitted for analysis. Samples collected between 24.5 m depth and 345.50 m depth (the deepest sample collected) ranged from 246 to 344 mg/l lithium.  Over this 321.0 m interval 33 single and double packer brine samples were collected from intervals totalling 97.5 m , representing 30.4% of the total interval.

Medium-grained, brown quartzose sands were recovered from near surface to 36.5 m . Drilling from 36.5 to 45 m featured poor recoveries, showing mainly medium-sized gravels. From 45 to 62 m , the drill intersected medium brown sands.  From 62 to 113 m , brown sandy breccias were recovered. No core was recovered between 113 and 114.5 m , then coarse gray and grayish-brown sands were drilled to 161 m . Between 161 and 213.5 m the drill cored crystalline halite with an alternating distribution of solid formation and of sections with parallel fractures. During the drilling of the remainder of the hole, this halite formation eroded, eventually forming a 45 cm diameter chamber which left the HQ drill string unsupported, creating a precarious situation that led to the termination of the hole. From 213.5, the hole intersected a 3 m layer of fine-to-medium-grained dark sand and from 216.5 to 228.5 m , a solid reddish clay layer was encountered containing gypsum fragments. A sequence of sands, and conglomerates, with infrequent silty layers was drilled between 228.5 and 303.5 m . Within this sequence, no core was recovered between 249.5 and 254 m and also between 279.5 and 281 m . From 303.5 to 354.5 m , the log shows a sequence of sands and breccias. No core was recovered over the contained interval between 341 to 342.5 m . Medium-to-coarse brown sand was encountered from 354.5 m to the bottom of the hole at 356 m . The hole was stopped within this sand formation due to the risk presented by the lack of support for the drill column through the severely eroded halite interval.

Analyses and QA/QC

Samples of brine were submitted for analysis to Alex Stewart International Argentina S.A. ("Alex Stewart"), the local subsidiary of Alex Stewart International, an ISO 9001:2017 certified laboratory, with ISO 17025:2017 certification for the analysis of lithium, potassium and other elements. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including boron, calcium, potassium, lithium, and magnesium. Measurements in the field included pH, electrical conductivity, temperature and density.

The quality of sample analytical results was controlled and assessed with a protocol of blank, duplicate and reference standard samples included within the sample sequences. For hole RW-DDH-010 the lot contained one blank and two duplicate samples, which reported within the acceptable range. A single low-grade, a single medium-grade and a single high-grade reference standard sample were included within the submitted sample suite.  The low-grade reference standard analysis was higher than 3 standard deviations (SD) of best value with a relative percent difference (RPD) of 8.6; the medium-grade reference standard analysis was greater than 3 standard deviations (SD) of best value with a low relative percent difference (RPD) of 2.5; the high-grade reference standard returned less than 3 SD of the best value; with low RPD (2.75).

For hole RW-DDH-011 the lot contained two blanks and two duplicate samples, which reported within the acceptable range, with the largest variance in duplicates being 7.4% RPD. A single low-grade, a single medium-grade and two high-grade reference standard samples were included within the submitted sample suite.  The low-grade reference standard analyzed higher than 3 standard deviations (SD)  of best value with 5.8 relative percent difference (RPD); the medium-grade reference standard analysed at 3 standard deviations (SD) of best value with 1.5 relative percent difference (RPD); the two high-grade reference standards analyzed less than 3 and less than 2 SD of the best value; with low RPD (1.2 and 0.6, respectively).

Qualified Person

Frits Reidel , CPG is a Qualified Person as defined in National Instrument 43-101, is the Principal of Atacama Water Consultants, and is independent of Argentina Lithium. Mr. Reidel has reviewed the work carried out by the Company's exploration team at the early-stage Rincon West property.  The disclosure in this news release has been reviewed and approved by Mr. Reidel.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
_______________________________

Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-drilling-continues-to-produce-strong-lithium-results-at-the-rincon-west-project-302039984.html

SOURCE Argentina Lithium & Energy Corp.

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Argentina Lithium Announces Positive Lithium Values in the 12th Exploration Well at the Rincon West Project

Argentina Lithium Announces Positive Lithium Values in the 12th Exploration Well at the Rincon West Project

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") reports positive results from the twelfth exploration hole at its Rincon West Project in Salta Province Argentina . Brine samples collected over a 165 metre interval of RW-DDH-012 ranged from 322 to 371 mgl lithium.

Argentina Lithium & Energy Logo (CNW Group/Argentina Lithium & Energy Corp.)

"Our ongoing drilling continues to evaluate the Rinconcita II concession that extends from our original claims, eastwards over the salt flat towards the neighboring Rio Tinto concessions. Our twelfth hole demonstrates a long interval of impressive lithium values in porous host lithologies. Thus far, our drilling at Rincon West demonstrates a continuous aquifer of concentrated lithium brines over an extensive basin." stated Miles Rideout , V.P. of Exploration.

The results including sampling method, the sample interval data, and the brine analyses for RW-DDH-012 are shown in Table 1. Drill collar information is presented in Table 2. An extensive selection of core samples has been sent to an independent laboratory for brine recovery testing; results are pending.

The Rincon West Project covers 5198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project. Drill hole RW-DDH-012 represents the third exploration hole of the 6-hole program planned for the Rinconcita II property, announced in the Company's October 19, 2023 News Release. The Company is currently completing the access to the next drill platform (RW-DDH-013), representing a further 1000 m step towards the northeast corner of the property block.

Figure 1 presents a map of the western (main) block of the Rincon West project showing the positions of the twelve completed exploration holes (see News Releases dated July 13, 2022 , October 3, 2022 , October 25, 2022 , January 26, 2023 , April 24, 2023 , May 31, 2023 and January 22, 2024 ). The drill locations are overlain on the conductive zones (shaded yellow) delineated by two geophysics campaigns (see News Releases dated May 2, 2022 and October 19, 2023 ).

Table 1: Interval data and results of brine analyses for lithium, potassium, and magnesium for drill hole RW-DDH-01 2*

Sample Interval (m)

Sample
Method

Li

K

Mg

Density

From

To

Thickness

(mg/litre)

(g/ml)

RW-DDH-012






48.5

51.5

3.0

Single packer

337

6284

3062

1.201

54.5

57.5

3.0

Single packer

345

6667

3116

1.204

60.5

63.5

3.0

Single packer

355

6884

3143

1.207

66.5

69.5

3.0

Single packer

365

7230

3169

1.212

78.5

81.5

3.0

Single packer

363

7210

3208

1.216

96.5

99.5

3.0

Single packer

329

7087

2764

1.218

102.5

105.5

3.0

Single packer

339

7262

2867

1.218

108.5

111.5

3.0

Single packer

356

7483

3034

1.216

120.5

123.5

3.0

Single packer

347

7202

2971

1.215

126.5

129.5

3.0

Single packer

366

7260

3184

1.212

132.5

135.5

3.0

Single packer

352

7152

3067

1.213

138.5

141.5

3.0

Single packer

371

7451

3298

1.214

144.5

147.5

3.0

Single packer

356

7192

3157

1.216

156.5

159.5

3.0

Single packer

345

7054

3091

1.219

162.5

165.5

3.0

Single packer

335

6858

2998

1.219

168.5

171.5

3.0

Single packer

315

6679

2827

1.22

174.5

177.5

3.0

Single packer

324

6696

2893

1.219

180.5

183.5

3.0

Single packer

327

6694

2914

1.218

186.5

189.5

3.0

Single packer

323

6685

2874

1.217

192.5

195.5

3.0

Single packer

324

6744

2897

1.218

198.5

201.5

3.0

Single packer

324

6718

2860

1.217

204.5

207.5

3.0

Single packer

322

6697

2827

1.217

210.5

213.5

3.0

Single packer

324

6717

2834

1.217

*The drill hole was inclined vertically; the brine hosting strata are believed to be flat lying resulting in reported intervals approximating true thickness.

Drilling Methodology

RW-DDH-012 was executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations and the recovery of brine samples where possible.

Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium's geologists.

Table 2: Collar and maximum depth information for RW-DDH-012

Hole ID

East

North

Elevation

Azimuth

Dip

Depth


UTM Zone 19S (WGS84)

(m)

(deg.)

(deg.)

(m)

RW-DDH-012

684144

7337989

3722

n/a

90

339.0

LIT's preferred method for brine sampling deploys a 'single packer' sampling unit during drilling. The packer sampling method allows the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval. For single packer sampling, an inflatable seal closes the top of the interval; the lower limit of drilling represents the bottom of the interval.

Geophysical profiling and lining the hole with 2" diameter PVC filters have been completed. All core samples recovered in drilling were retained for geologic logging.

Observations regarding RW-DDH-012

RW-DDH-012 extends drilling eastwards from previous holes over the Rincon salt flat. The hole was completed to 339.5 m depth and a total 23 brine samples extracted using the single packer method were submitted for analysis.

Samples collected between 48.5 m depth and 213.5 m depth (the deepest sample) ranged from 322 to 371 mg/l lithium. Over this 165 m interval, 23 single packer brine samples were collected from discrete 3 m intervals, totalling 69.0 m of sampling, which represents 41.8% of the total interval.

From surface to 20 m depth, gravels with a sandy-clayey matrix were drilled. Dacite was recovered from 20.0 to 22.9 m , whereupon the drill crossed coarse gray-brown sand, to 52.3 m . Fine black sands were then sampled to 106.5 m depth, followed by reddish clayey sand to 122 m . The drill sampled fine black sands to 129.5, followed by coarse red sand to 135.5 m , then medium brown sand to 144.5 m . Breccia with grey sandy matrix was crossed to 151.0, with clasts of andesite and other compositions. Fine reddish and gray sands were then drilled to 177.4 m , where sulphates were encountered, extending to 178.2 m . Brown, medium-grained sand was then drilled to 180.5, followed by breccia to 185.5 m . Between 185.5 m and 201.4 m , the drill sampled andesitic porphyry with veinlets. From 201.4 to 339.5 m , the drill sampled a sequence of volcanic units (porphyries, breccias and ignimbrites, among others) characterised by the presence of fractures and carbonate or quartz veinlets. Brine sampling in these relatively competent basement units proved unproductive below the initial weathered zone.

Analyses and QA/QC

Samples of brine were submitted for analysis to Alex Stewart International Argentina S.A. ("Alex Stewart"), the local subsidiary of Alex Stewart International, an ISO 9001:2017 certified laboratory, with ISO 17025:2017 certification for the analysis of lithium, potassium and other elements. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including boron, calcium, potassium, lithium, and magnesium. Measurements in the field included pH, electrical conductivity, temperature and density.

The quality of sample analytical results was controlled and assessed with a protocol of blank, duplicate and reference standard samples included within the sample sequences. For hole RW-DDH-012 the lot contained one blank and two duplicate samples, which all reported within the acceptable range. Single low-grade, medium-grade and high-grade reference standard samples (3 standards in total) were included within the submitted sample suite. The low-grade reference standard analysed higher than 3 standard deviations (SD) of best value, with 8.6 relative percent difference (RPD); the medium-grade reference standard analysed below 3 SD of best value, with 4.9 RPD; the high-grade reference standard analysed below 3 SD of the best value; with 2.9 RPD.

Qualified Person

Frits Reidel , CPG is a Qualified Person as defined in National Instrument 43-101, is the Principal of Atacama Water Consultants, and is independent of Argentina Lithium. Mr. Reidel has reviewed the work carried out by the Company's exploration team at the early-stage Rincon West property. The disclosure in this news release has been reviewed and approved by Mr. Reidel.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the state of financial markets in Canada and other jurisdictions; the Company's ability to meet its working capital needs; fluctuations in metal prices; operations in foreign countries and the compliance with foreign laws; environmental regulations or hazards and compliance with regulations associated with mining activities; climate change and climate change regulations; fluctuations in foreign currency exchange rates; failure to obtain or delays in obtaining necessary governmental and regulatory approvals; labour disputes and other risks generally in the mining industry. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-announces-positive-lithium-values-in-the-12th-exploration-well-at-the-rincon-west-project-302125564.html

SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/24/c3920.html

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Argentina Lithium and Energy: Invitation to Red Cloud's Pre-PDAC 2024 Mining Showcase

Argentina Lithium and Energy: Invitation to Red Cloud's Pre-PDAC 2024 Mining Showcase

Argentina Lithium and Energy (TSXV: LIT) (OTCQX: LILIF) is pleased to announce that the company will be presenting at Red Cloud's Pre-PDAC 2024 Mining Showcase. We invite our shareholders and all interested parties to join us.

The annual conference will take place in-person at the Sheraton Centre Toronto Hotel February 29-March 1, 2024.

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Argentina Lithium Announces Commencement of Trading on OTCQX Market and New Symbol

Argentina Lithium Announces Commencement of Trading on OTCQX Market and New Symbol

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Market (OTCQX): LILIF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF), ("Argentina Lithium" or the "Company") is pleased to announce that its common shares are now trading on the OTCQX Best Market under the ticker symbol of LILIF . The OTCQX Best Market is the highest market tier of OTC Markets on which 12,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. Argentina Lithium's common shares will continue to trade on the TSX Venture Exchange under the symbol LIT, and on the Frankfurt Stock Exchange under the symbol OAY3.

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OTC Markets Group Welcomes Argentina Lithium & Energy Corp to OTCQX

OTC Markets Group Welcomes Argentina Lithium & Energy Corp to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Argentina Lithium & Energy Corp (TSX-V: LIT; OTCQX: LILIF), an alternative fuel material company, has qualified to trade on the OTCQX® Best Market. Argentina Lithium & Energy Corp upgraded to OTCQX from the OTCQB® Venture Market.

Argentina Lithium & Energy Corp begins trading today on OTCQX under the symbol "LILIF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

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Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Clean Energy and Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Clean Energy and Precious Metals Virtual Investor Conference, held December 4 th 5 th and 6 th are now available for online viewing.

REGISTER NOW AT : https://bit.ly/46QuklX

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Canadian Investment Regulatory Organization Trade Resumption - FT

Canadian Investment Regulatory Organization Trade Resumption - FT

Trading resumes in:

Company: Fortune Minerals Limited

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Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Government of Canada funding for additional engineering and test work to build on and complement activities being supported by the U.S. Department of Defense

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company's 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (" NICO Project "). The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling approximately C$10 million through the Global Partnerships Initiative (" GPI "). Natural Resources Canada (" NRCan ") is the funding department for the GPI and Fortune will provide additional due-diligence information and complete a Contribution Agreement over the next few weeks. The objectives of the work being funded by NRCan are to build on and complement the programs being supported by the U.S. Department of Defense (" DoD ") through the Company's Defense Production Act (" DPA ") Title III award for US$6,380,555 (~C$8.74 million) (see the news releases also dated May 16, 2024). The total amount of non-dilutive funding that Fortune expects to receive from the U.S. and Canadian governments is approximately C$16.2 million. This important cross-border initiative is aligned with the Canada U.S. Joint Action Plan on Critical Minerals Collaboration to strengthen North American production of the metals needed in essential industries and new technologies to support the energy transition and the growing green economy.

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Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Expanding domestic production of cobalt for the battery supply chain & energy transition

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that the United States Department of Defense ( "DoD ") has awarded the Company a US$6,380,555 (~C$8.74 million) grant under the Defense Production Act (" DPA ") Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (" NICO Project ") toward a project construction decision.

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122.5 m at 1.42% Li2O and 71.4 m at 1.57% Li2O at CV5

122.5 m at 1.42% Li2O and 71.4 m at 1.57% Li2O at CV5

May 16, 2025 – Sydney, Australia

Highlights
  • Continued strong lithium mineralization over wide intervals from infill drilling at CV5.
    • 122.5 m at 1.42% Li 2 O , including 35.8 m at 2.15% Li 2 O (CV24-405).
    • 71.4 m at 1.57% Li 2 O , including 14.2 m at 3.15% Li 2 O (CV24-435).
    • 68.7 m at 1.56% Li 2 O and 22.5 m at 1.04% Li 2 O (CV24-414).
    • 74.9 m at 1.28% Li 2 O , including 28.1 m at 2.28% Li 2 O (CV24-423A).
    • 53.0 m at 1.22% Li 2 O , including 25.0 m at 1.65% Li 2 O (CV24-450).
  • The focus of the 2024 winter drilling at CV5 was to support an upgrade in mineral resource confidence, from the inferred category to the indicated category, targeting release in Q3 2024 inclusive of a maiden CV13 resource.
  • Multiple holes remain to be reported targeting the newly discovered high-grade zone at CV13, with the Company to report the assay results as soon as they are received in the coming weeks.
  • 38,887 m (111 holes) remain to be reported from the 2024 winter drill program – 27,611 m (67 holes) at CV5, and 11,276 m (44 holes) at CV13.

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the next batch of core assay results for drill holes completed in 2024 at the CV5 Spodumene Pegmatite. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec . The CV5 Spodumene Pegmatite, with a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li 2 O inferred 1 , is situated approximately 13.5 km south of the regional and all‑weather Trans-Taiga Road and powerline infrastructure.

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Close up of batteries.

How to Invest in Battery Metals (Updated 2024)

As the world begins to shift away from carbon-based energy and toward renewable energy, new investment opportunities are emerging alongside advancements in electric vehicle (EV) battery technology.

In the short term, EV sales are experiencing slow growth as adoption in major markets faces hurdles.

“The pace of growth is slowing, but that’s what’s expected in growing markets like this,” said Rho Motion’s data manager, Charles Lester, in the firm's 2024 EV sales outlook, emphasizing that the change in pace is normal.

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PATRIOT ALBEMARLE MOU CONCLUDED

PATRIOT ALBEMARLE MOU CONCLUDED

May 15, 2024 Sydney, Australia

Patriot Battery Metals logo (CNW Group/Patriot Battery Metals Inc.)

Highlights

  • Both parties have mutually agreed not to extend the MOU, enabling Patriot to explore a broader range of strategic partnerships within the downstream lithium sector.
  • Patriot has and continues to attract significant attention across the industry, reinforcing its position as a pivotal supplier of high-quality raw materials for lithium-ion batteries outside of China .
  • Patriot maintains a constructive ongoing relationship with Albemarle.

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announces today that the Memorandum of Understanding ("MOU") 9-month term with Albemarle has concluded and will not be extended. Patriot expects to fully engage with other downstream companies in the Lithium supply chain and as such all the rights granted to Albemarle have expired, including any levels of exclusivity in respect of future mine production and links to downstream chemical conversion facilities.

As the scale and quality of Patriot's Corvette Project has become increasingly evident, the Company has received significant interest from participants in the lithium industry, given the potential for Corvette to be a large and high-quality raw material supplier for the future of lithium-ion battery supply chains ex-China.  Enabling the company to fully engage with other downstream companies has been determined to be in the best interests of shareholders.

Since signing the MOU Albemarle and Patriot have worked together on the many technical aspects of an integrated project, advancing the scope of mine concentrate production and opportunities for a downstream lithium hydroxide plant integrated with the Corvette project. Further, the funding provided by Albemarle's strategic investment enabled a robust work program including installation of critical capital works such as the camp, all-weather access road and the recently completed eleven rig winter drill program.

Ken Brinsden , President and CEO of Patriot, expressed his appreciation for the partnership: "Our collaboration with Albemarle has been extremely valuable. We are proud of the progress we've made and are excited by the intense market interest in the Corvette project. As we move forward, Patriot is eager to expand its operations and explore new partnerships that support the growing demand for lithium raw materials and chemicals in North America and Europe .

We also look forward to continuing our productive relationship with Albemarle in a flexible, non-exclusive format", Mr Brinsden added.

As a result of the MOU conclusion the Investor Rights Agreement ("IRA") between Patriot and Albemarle Corporation dated August 3, 2023 was terminated in accordance with its terms. Following the termination all of the rights granted to Albemarle, including exclusivity, have expired providing Patriot with the flexibility to engage with multiple potential partners and further its strategic goals.

Patriot remains committed to maximizing shareholder value by capitalizing on the strategic opportunities available within the evolving landscape of the global lithium market.

About the CV Lithium Trend

The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and is interpreted to span more than 50 kilometres across the Corvette Property. The core area includes the approximate 4.6 km long CV5 Spodumene Pegmatite, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li 2 O inferred 1 .

To date, eight (8) distinct clusters of lithium pegmatite have been discovered across the Corvette Property – CV4, CV5, CV8, CV9, CV10, CV12, CV13, and the recently discovered CV14. Given the proximity of some pegmatite outcrops to each other, as well as the shallow till cover in the area, it is probable that some of the outcrops may reflect a discontinuous surface exposure of a single, larger pegmatite "outcrop" subsurface.

1 The CV5 mineral resource estimate (109.2 Mt at 1.42% Li 2 O and 160 ppm Ta 2 O 5 inferred) is reported at a cut-off grade of 0.40% Li 2 O with effective date of June 25, 2023 (through drill hole CV23-190) . Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

Qualified/Competent Person

The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith , M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects , and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.

Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada , and proximal to regional road and powerline infrastructure. The Corvette Property hosts the CV5 Spodumene Pegmatite with a maiden mineral resource estimate of 109.2 Mt at 1.42% Li 2 O inferred 1 and ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent (LCE), and one of the top 10 largest lithium pegmatite resources in the world. Additionally, the Corvette Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as more than 20 km of prospective trend that remains to be assessed.

1 The CV5 mineral resource estimate (109.2 Mt at 1.42% Li 2 O and 160 ppm Ta 2 O 5 inferred) is reported at a cut-off grade of 0.40% Li 2 O with effective date of June 25, 2023 (through drill hole CV23-190) . Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com . Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au , for available exploration data.

This news release has been approved by the Board of Directors.

" KEN BRINSDEN "

Kenneth Brinsden , President, CEO, & Managing Director

Disclaimer for Forward-looking Information

This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition.

All statements, other than statements of historical fact included in this news release, regarding the Company's strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Forward-looking statements are typically identified by words such as "plan", "expect", "estimate", "intend", "anticipate", "believe", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include that proposed exploration and mineral resource estimate work on the Corvette Property will continue as expected, and that exploration and development results continue to support management's current plans for Corvette Property development

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the ability to execute on plans relating to the Company's Corvette Project, including the timing thereof. In addition, readers are directed to carefully review the detailed risk discussion in the Company's most recent Annual Information Form filed on SEDAR+, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's business plans, financial performance and condition and may not be appropriate for other purposes.

The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

Competent Person Statement (ASX Listing Rule 5.22)

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on July 31, 2023 . The Company confirms it is not aware of any new information or data that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/patriot-albemarle-mou-concluded-302145739.html

SOURCE Patriot Battery Metals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/15/c1336.html

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