Albemarle Signs Agreement for Exclusive Exploration and Acquisition Rights to Lithium Resource in Argentina

Albemarle (NYSE:ALB) has entered into an agreement with Bolland Minera S.A. for the exclusive operation and acquisition rights to a lithium resource in Antofalla.
As quoted in the press release:

Albemarle believes that this lithium resource will be certified as the largest lithium resource in Argentina.
Albemarle is uniquely positioned to develop the Antofalla lithium resource given its technical capabilities, operational experience inSouth America, and proven track record of establishing public-private-partnerships and community relations in the region.
“For the past 80 years, we have developed proprietary lithium extraction know-how which will enable us to evaluate the lithium resource,” said John Mitchell, president of Albemarle’s Lithium and Advanced Materials global business unit.

Click here to read the full press release.