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Argentina Lithium & Energy Corp (TSXV:LIT) was recently featured on Caesars Report, highlighting the company’s recent acquisition of the Antofalla property.
Argentina Lithium & Energy Corp (TSXV:LIT) was recently featured on Caesars Report, highlighting the company’s recent acquisition of the Antofalla property.
As quoted in the publication, the company has:
Expanded its project portfolio with the most recent acquisition of 14,000 hectares of land on the Salar de Antofalla in Argentina’s Salta province. The acquisition will happen in two parts; a first 9,000 hectares have been staked whilst Argentina Lithium has entered into an option agreement to earn a 100% stake in an additional 5,300 hectares.
The exact details of the option agreement haven’t been published, but Argentina has disclosed it will be required to make US$3.5M in cash payments (of which US$3M will be deferred until after the initial 18 months of the earn-in agreement) and US$7M in exploration expenditures (with $0.5M in Y1, $1.5M in Y2, $2M in Y3 and $3M in Y4).
Click here to read the full publication.
Click here to connect with Argentina Lithium & Energy Corp (TSXV:LIT) for an Investor Presentation.
Source: www.caesarsreport.com
