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Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that full Phase 1 pond construction has commenced for 5.4ktpa LCE production at the Hombre Muerto West (HMW) lithium brine project in Catamarca Province, Argentina. This construction milestone aims to deliver lithium chloride production in H1 2025.
Highlights:
- HMW full Phase 1 construction commenced; first fleet mobilised and working on site with more equipment scheduled to arrive next week
- Expected delivery of first evaporation ready pond by Q1 2024; commencing a favourable evaporation path to production during the summer months
- HWM Phase 1 production expected to during H1 2025; a premium concentrate (6% Li) product targeting 5.4ktpa of lithium carbonate equivalent (LCE)
- Other construction activities underway to upgrade site services, camp, diesel storage, water supply, etc.
- HMW is the highest grade lithium brine deposit in Argentina; current JORC resource of 6.6Mt LCE @ 880mg/l Li
- Third party off-take and other strategic discussions ongoing
- Phase 2 DFS progressing well; results on track for September 2023
The first batch of earthmoving equipment for the construction of the ponds has mobilised and is working on site, with further equipment scheduled to arrive in the next week for scaling up the material movement capacity. Other construction activities are also underway for upgrading essential services such as camp, diesel storage, water supply, etc.
The first milestone of the construction of the ponds for HMW Project is to build, line and fill with brine the first pond of the system by Q1 2024. This pond has an evaporation area of 205,000 m2, its completion is a major objective triggering the start of the evaporation path to production at the most favourable time.
As previously announced, the HMW DFS was separated into two phases. This initial Phase 1 of the DFS focuses on the production of a lithium chloride concentrate, as governed by the production permits just approved. The optimisation work is completed and will culminate in the release of a Phase 2 DFS in September 2023, addressing a full 20ktpa LCE production rate.
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented: “This is the beginning of our construction journey to production. I would like to congratulate the global Galan team for their continued support to make this happen. This is also testimony to our desire to work locally with the community and contractors whilst receiving full support from the provincial government of Catamarca, Argentina.
We have come a long way since our early days, considering Galan only obtained the original Hombre Muerto assets just over 5 years ago, and with all the delays experienced during Covid-19. This feels more real than ever for everyone at Galan. We will continue to give our best focused efforts to become a new lithium producer by H1 2025.”
Phase 1 construction fleet and crew mobilised and on site
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This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Galan Lithium
Investor Insight
Galan Lithium’s investment appeal is driven by its Hombre Muerto West project, a top 20 global lithium resource featuring high-grade, low-cost lithium brine concentrate, on track for near-term production in Argentina’s renowned mining region.
Overview
Argentina is no stranger to lithium mining. The South American nation is one of three encompassed in the prolific Lithium Triangle, a region that holds more than 60 percent of the world’s lithium resources. Argentina has the world’s second greatest endowment of lithium reserves (17 Mt), concentrating lithium operations in the provinces of Jujuy, Salta and Catamarca.
Demand for lithium is forecasted to grow from approximately 1 Mt LCE in 2024 to around 3Mt in 2030, a compound annual growth rate of around 20 percent. Argentina has committed to $7 billion worth of investment for lithium production with strong growth projected for exports at $1.1 billion in 2023.
Galan Lithium (ASX:GLN,FSX:9CH) is an Australia-based international mining development company focused on its high-quality lithium brine projects in Argentina – Hombre Muerto West and Candelas. The company also holds a highly prospective lithium project in Australia – Greenbushes South.
The company’s flagship Hombre Muerto West (HMW) project hosts some of Argentina’s highest grade and lowest impurity levels with an inventory of 8.6 million tons (Mt) contained LCE @ 859 mg/L lithium, with 4.7 Mt contained LCE @ 866 mg/L Li in the measured category. The 100-percent-owned property is strategically located near Rio Tinto’s recently acquired Arcadium Lithium project, highlighting its position within a highly sought-after lithium region
Galan has signed a commercial agreement with the Catamarca Government supporting the grant of permits to enable the commercialisation of lithium chloride concentrate from HMW to be sold locally or exported internationally.
In August 2024, Galan entered into a memorandum of understanding with Chengdu Chemphys Chemical Industry Co. for an offtake prepayment agreement for the HMW project. Once a definitive agreement is executed, Chemphys will purchase a total of 23,000 tonnes lithium carbonate equivalent, as a lithium chloride product, over the first five years of production from Phase 1 of the HMW project. Chemphys will also provide Galan with an offtake prepayment facility to facilitate the continued development of Phase 1 of the HMW project.
Catamarca Governor Raúl Jalil and Galan Lithium Managing Director Juan Pablo Vargas de la Vega in Catamarca.
In September 2024, Galan successfully completed a capital raising of AU$20 million, including a fully-subscribed Entitlement Offer of $13.3m, reflecting strong shareholder support and confidence in the Company’s strategic direction and the development of its HMW project
In addition to Hombre Muerto West, Galan Lithium’s portfolio includes several strategically positioned projects that complement its flagship asset:
- Candelas Project (Argentina): Located within the Hombre Muerto Basin, this underexplored project boasts a maiden resource estimate of 685kt LCE and is incorporated into Galan’s Phase 4 expansion plans targeting 60ktpa LCE production by 2030.
- Greenbushes South Project (Australia): Situated just 3 kilometres south of the world-class Greenbushes lithium mine, this project offers strong exploration potential for lithium-bearing pegmatites. Galan is progressing land access agreements and holds an exploration license through to 2029.
- James Bay & Ontario Projects (Canada): In 2023, Galan acquired property blocks in Quebec and Ontario located in globally recognized lithium provinces, providing further exploration upside in key jurisdictions.
Backed by a highly experienced management team, Galan is well-positioned to advance these complementary projects while maintaining its primary focus on developing HMW into a world-class lithium production hub.
Company Highlights
- Galan Lithium is an ASX-listed company developing lithium brine projects within South America’s lithium triangle on the Hombre Muerto salar in Argentina.
- The company has two high-quality projects in the works: its flagship Hombre Muerto West (HMW) and the Candelas lithium project, both in Argentina. The two projects combined bring the company’s current total mineral resource estimate to 8.6 million tons lithium carbonate equivalent @ 859 mg/L lithium.
- HMW leverages advantageous positioning near Arcadium Lithium’s project, which is subject to an acquisition by Rio Tinto, highlighting the strategic importance of this high-grade lithium region
- Galan’s lithium Resources are ranked among the top 20 in the world
- HMW sits in the lowest quartile of the global lithium cost curve, leveraging brine extraction advantages for cost efficiency
- High-grade, low-impurity brine concentrate validated by robust offtake interest and market alignment
- Galan’s phased approach and strong stakeholder collaboration mitigate risks and ensure steady progress toward first production in 2025
- The HMW Phase 1 (5.4 ktpa LCE) execution plan is progressing well with the delivery of the first evaporation-ready pond expected in 2024, and production in H2 2025.
- The HMW Phase 2 definitive feasibility study (DFS) delivers compelling economics with 21 kilo-tons per annum (ktpa) lithium carbonate equivalent (LCE) operation at HMW, targeting a high-quality, 6 percent concentrated lithium chloride product (equivalent to 12.9 percent lithium oxide or 31.9 percent LCE) in 2026.
- Galan has signed a commercial agreement with the Catamarca Government enabling the commercialisation of lithium chloride concentrate from HMW to be sold locally or exported internationally.
- Galan is the first mining company to apply for the Argentine ‘RIGI’, an incentive regime for large scale investments
- Galan is transitioning into a major lithium project developer and remains committed to conducting fast-tracked lithium development in its prolific projects with a target production of 60 ktpa LCE from HMW and Candelas by 2030.
Key Projects
Hombre Muerto West Project
The 100-percent-owned Hombre Muerto West project is a large land property that sits on the west coast of the Hombre Muerto salar in Argentina, the second-best salar in the world for the production of lithium from brines. The property also leverages strategic positioning near Arcadium Lithium, recently acquired by Rio Tinto.
Galan has increased HMW’s mineral resource to 8.6 Mt contained LCE @ 859 mg/L lithium (previously 7.3 Mt LCE @852 mg/L lithium), one of the highest grade resource estimates declared in Argentina. HMW’s measured resource is now at 4.7 Mt contained LCE @ 866mg/L lithium. Inclusion of the Catalina tenure adds ~1.3 Mt LCE to the HMW resource.
The pilot plant at HMW has validated the production of lithium chlorine concentrate, adding reagents to eliminate impurities, and generating a concentrate at 6 percent lithium. The plant comprises pre-concentration ponds, a lime plant, a filter press and concentration ponds.
Pilot Plant at HMW
Construction for Phase I has already commenced for 5.4 ktpa LCE production at HMW, and aims to deliver lithium chloride production in H2 2025. The fourth long-term pumping test (PBRS-03-23) results at HMW record an outstanding lithium mean grade of 981 mg/L - the highest reported grade from a production well in the Hombre Muerto Salar.
In October 2024, Galan announced 45 percent project completion with pond construction at 76 percent and project execution is advancing as planned.
A definitive feasibility study (DFS) for phase 2 shows a 20.85 ktpa LCE operation at HMW, targeting high-quality, 6 percent concentrated lithium chloride product (equivalent to 12.9 percent lithium oxide or 31.9 percent LCE) in 2026. The DFS also indicated phase 2 will deliver a post-tax NPV (8 percent) of US$2 billion, IRR of 43 percent and free cash flow of US$236 million per year. Phase 2 provides an exceptional foundation for significant economic upside in phases 3 and 4, targeting 60 ktpa LCE production by 2030.
Galan has entered into a memorandum of understanding with Chengdu Chemphys Chemical Industry Co. for a prepayment offtake agreement. Once a definitive agreement is executed, Chemphys will purchase a total of 23,000 tonnes of lithium carbonate equivalent, as a lithium chloride product, over the first five years of production from Phase 1 of the HMW project.
Chemphys will also provide Galan with a US$40 million offtake prepayment facility to facilitate the continued development of the HMW project.
Galan now has 100 percent full ownership of the Catalina tenement that borders the Catamarca and Salta Provinces in Argentina. The newly secured Catalina tenure has a strong potential to significantly add to the existing HMW resource. The tenure also covers the Catalina, Rana de Sal II, Rana de Sal III, Pucara del Salar, Deseo I and Deceo II tenements.
Greenbushes South Lithium Project
The 100-percent-owned Greenbushes South lithium project is located near Perth, Western Australia, and is three kilometers south of the world-class Greenbushes lithium mine, managed by Talison Lithium. The Greenbushes South tenements can be found along the Donnybrook-Bridgetown Shear Zone geologic structure, which hosts the lithium-bearing pegmatites at the Greenbushes Lithium Mine.
Greenbushes South covers nearly 315 square kilometers, and hosts elevated pathfinder elements with well-defined anomalies adjacent to the property.
Management Team
Richard Homsany - Non-executive Chairman
Richard Homsany is an experienced corporate lawyer and has extensive board and operational experience in the resources and energy sectors. He is the executive chairman of ASX-listed uranium exploration and development company Toro Energy Limited, executive vice-president of Australia of TSX-listed uranium exploration company Mega Uranium and the principal of Cardinals Lawyers and Consultants, a boutique corporate and energy and resources law firm. He is also the chairman of the Health Insurance Fund of Australia (HIF) and listed Redstone Resources and Central Iron Ore and is a non-executive director of Brookside Energy Homsany’s past career includes time working at the Minera Alumbrera Copper and Gold mine located in the Catamarca Province, northwest Argentina.
Juan Pablo (‘JP’) Vargas de la Vega - Founder and Managing Director
Juan Pablo Vargas de la Vega is a Chilean/Australian mineral industry professional with 20 years of broad experience in ASX mining companies, stockbroking and private equity firms. JP founded Galan in late 2017. He has been a specialist lithium analyst in Australia, has also operated a private copper business in Chile and worked for BHP, Rio Tinto and Codelco.
Daniel Jimenez - Non-executive Director
Daniel Jimenez is a civil and industrial engineer and has worked for a world leader in the lithium industry, Sociedad Química y Minera de Chile, for over 28 years. He was the vice-president of sales of lithium, iodine and industrial chemicals where he formulated the commercial strategy and marketing of SQM’s industrial products and was responsible for over US$900 million worth of estimated sales in 2018.
Terry Gardiner - Non-executive Director
Terry Gardiner has 25 years’ experience in capital markets, stockbroking and derivatives trading. Prior to that, he had many years of trading in equities and derivatives for his family accounts. He is currently a director of boutique stockbroking firm Barclay Wells, a non-executive director of Cazaly Resources, and non-executive chairman of Charger Metals NL. He also holds non-executive positions with other ASX-listed entities.
María Claudia Pohl Ibáñez - Non-executive Director
María Claudia Pohl Ibáñez is an industrial civil industrial engineer with extensive experience in the lithium production industry. Until recently, she worked for world leader in the lithium industry Sociedad Química y Minera de Chile (NYSE:SQM, Santiago Stock Exchange:SQM-A, SQM-B) for 23 years, based in Santiago, Chile. During her time at SQM, she held numerous senior leadership roles including overseeing lithium planning and studies. Ibáñez brings significant lithium project evaluation and operational experience whilst joining the board at a critical juncture in Galan’s journey to becoming a significant South American lithium producer. Since leaving SQM in late 2021, Ibáñez has been managing partner and general manager of Chile-based Ad-Infinitum, a process engineering consultancy, with a specific focus on lithium brine projects under study and development, and the associated project evaluations.
Ross Dinsdale - Chief Financial Officer
Ross Dinsdale has 18 years of extensive experience across capital markets, equity research, investment banking and executive roles in the natural resources sector. He has held positions with Goldman Sachs, Azure Capital and more recently he acted as CFO for Mallee Resources. He is a CFA charter holder, has a Bachelor of Commerce and holds a Graduate Diploma in Applied Finance.
Developing high-grade lithium brine projects in Argentina
American Salars: Building a Diversified Portfolio of Lithium Assets Across the Americas
American Salars Lithium (CSE:USLI,OTC:USLIF, FWB:Z3P) is an exploration-stage company dedicated to acquiring, developing, and monetizing lithium brine projects across the Americas. With a clear focus on low-cost entry and scalable resource expansion, the company is executing a disciplined strategy to build a high-quality portfolio in strategic jurisdictions.
Central to American Salars’ vision is the conviction that lithium demand—driven by the accelerating adoption of electric vehicles and the rise of stationary energy storage solutions—is poised for significant long-term growth. The company is strategically positioning itself to capitalize on this trend, targeting assets with strong appeal to major producers and institutional investors.
Salar de PocitosSalar de Pocitos is the flagship asset of American Salars Lithium, situated in Argentina’s lithium-rich Puna region within Salta Province. The Pocitos 1 block spans 800 hectares and has shown strong lithium brine potential through historical drilling and testing. While a 760,000-ton inferred lithium carbonate equivalent (LCE) resource was previously reported for the area—including Pocitos 2, which is not owned by American Salars—all contributing drill holes for that estimate were located within Pocitos 1, where the company holds 100 percent ownership.
Drilling at Pocitos 1 has encountered aquifers at depths between 365 and 407 meters, with lithium concentrations reaching up to 169 parts per million (ppm). Sustained brine flow rates were recorded for over five hours, and porosity tests on core samples returned strong results, ranging from 6 to 14 percent, further underscoring the project’s potential.
Company Highlights
- American Salars Lithium is taking advantage of depressed lithium prices to acquire undervalued assets with long-term scalability and world-class exit potential. The company targets assets with clear upside potential, particularly in brine-rich jurisdictions like Argentina and Nevada.
- The company’s holdings include four lithium projects: Salar de Pocitos (Argentina), Black Rock South (Nevada, USA), Jaguaribe Pegmatite (Brazil), and the Quebec Lithium Portfolio (Canada).
- Located in the Lithium Triangle of Salta, Argentina, the flagship Pocitos 1 is an 800-hectare brine project shares a 760,000-tonne inferred lithium carbonate equivalent (LCE) resource and excellent expansion potential.
- Brine-based lithium resources offer lower environmental impact, faster resource delineation, and reduced development costs compared to hard rock alternatives.
- Several of the company’s team members have been involved in multi-million-dollar lithium asset sales. Recent deals in the region (e.g., Alpha Lithium, Neo Lithium, Arcadium) provide a roadmap for monetization.
This American Salars Lithium profile is part of a paid investor education campaign.*
Click here to connect with American Salars Lithium (CSE:USLI) to receive an Investor Presentation
Appointment of CEO and Director
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to announce the appointment of Ignacio Mehech, former Country Manager of Albemarle in Chile, as the Chief Executive Officer ("CEO") and director of CleanTech Lithium.
Click link to watch interview with Ignacio Mehech: https://youtu.be/4iMx2vIZw9g
Highlights:
· Mr Mehech spent seven years up to 2024 at Albemarle with the last three years as Country Manager in Chile, managing a workforce of 1,100 employees and key stakeholder relationships, including Government and indigenous communities
· Albemarle is the world's largest producer of battery grade lithium with Chile accounting for 30 - 40% of its production*
· Native to Chile, Spanish speaking and fluent in English, Mr Mehech has deep leadership and project development experience in lithium production
· Managed high profile engagements with investors, customers, NGOs, analysts, scientists and international government representatives
· Before Albemarle, Mr Mehech led the legal strategy for the El Abra copper operation in Chile, a joint venture with Codelco, and leading US mining company Freeport McMoRan
· Throughout his career Mr Mehech has led profound transformations in organisations to generate sustainable value
· Mr Mehech holds a law degree from the Universidad de Chile and a master's degree in Energy and Resources Law from the University of Melbourne, Australia.
Ignacio Mehech, Chief Executive Officer, CleanTech Lithium PLC said:
"I've been following CleanTech Lithium's progress in Chile for the past couple of years and have been impressed at the progress that has been achieved, with the Company being one of the most active in Chile in seeking to develop a more sustainable means of producing lithium from Chile's abundant brine resources.
I'm truly excited to take on the role as CEO to advance CleanTech's Laguna Verde project and the other business opportunities in Chile. The immediate focus is entering direct negotiations with the Chilean government and progressing the CEOL application for Laguna Verde and delivering the Pre-Feasibility Study to initiate strategic partner conversations. I look forward to leading CleanTech Lithium's project development alongside a dedicated team and to deliver value to all our stakeholders whilst supporting the ambitions of Chile's National Lithium Strategy."
Steve Kesler, Executive Chairman, CleanTech Lithium PLC, said:
"We are delighted that Ignacio has agreed to join us as CEO. His experience in Chile is invaluable, having been Country Manager for leading lithium producer Albemarle, and working on the EL Abra copper mine in Chile for US mining giant Freeport McMoRan. Ignacio joins CleanTech at a crucial point in our development and his significant experience will be instrumental in leading our Laguna Verde project into the next phase."
"I will continue in my role as Executive Chairman intending to move back to being the Company's Non-Executive Chairman when our Board believes the time is right. I look forward to working with Ignacio and remain confident in the long-term potential of CleanTech Lithium."
Figure 1: Ignacio Mehech (centre) participating in a panel discussion at the Future Mining and Energy Congress in Santiago, Chile October 2023. Photo credit: Future Mining and Energy Congress
Background on Ignacio Mehech
During his tenure at Albemarle, a US-listed company with a current market cap of around US$6 billion as of 8th April 2025, Mr Mehech played a pivotal role in driving production growth, strategic negotiations, and sustainability initiatives, significantly impacting Albemarle's operations in Chile and the broader region. Since 2015, Chile has been Albemarle's largest single operation - depending on market prices - accounting for 30 to 40% of its global production.
A landmark achievement under his guidance was securing the first-ever IRMA (Initiative for Responsible Mining Assurance) certification for a lithium operation worldwide at the Salar de Atacama plant-a testament to his commitment to environmental and social responsibility.
Previously to Albemarle, Mr Mehech has worked as a legal manager at Freeport-McMoRan, one of the largest copper and molybdenum producers in the world, with multiple assets around the globe. In Chile, it operates SCM El Abra, a joint venture with Codelco, located in Calama and where Mr Mehech was responsible for developing and leading the legal strategy for the business, assuring operational continuity, building relationships with regional authorities, indigenous and non-indigenous communities.
Ignacio Mehech Castellon, aged 42, has held the following directorships and/or partnerships in the past 5 years:
Current | Past |
Cobreloa SADP | Fundacion Chilena Del Pacifico Club Sirio Unido UN Global Compact, Chilean Chapter |
Mr Mehech currently holds no ordinary shares or other securities in the Company.
There is no further information on Ignacio Mehech required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
*Statistic taken October 2024 – Albemarle is the world’s largest lithium producer – Mining.com https://www.mining.com/web/ranking-the-worlds-top-lithium-producers/
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
For further information contact: | |
CleanTech Lithium PLC | |
Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
Or via Celicourt | |
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage project in Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production.
The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All three projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE") with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. For more information, please visit: www.ctlithium.com
Click here for the full release
This article includes content from Cleantech Lithium PLC, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
American Salars Lithium
Investor Insight
American Salars Lithium’s strategic focus on scalable, brine-based lithium projects in Tier 1 jurisdictions makes it a compelling investment opportunity, poised to become a leading consolidator of lithium salars globally.
Overview
American Salars Lithium (CSE:USLI,OTC:USLIF,FWB:Z3P) is an exploration-stage company focused on acquiring, developing and monetizing lithium brine projects across the Americas. With a strong emphasis on low-cost entry and resource expansion, the company is executing a disciplined strategy to build a portfolio of scalable assets in highly strategic jurisdictions.
Salar de Pocitos
At the core of American Salars’ strategy is the belief that lithium demand—driven by both electric vehicles and emerging stationary storage applications—will surge in the coming years. The company is positioning itself now to benefit from a long-term price recovery, focusing on assets that are attractive to major producers and investors.
Unlike many junior miners that pivot with market fads, American Salars has remained laser-focused on lithium since inception. The company is not built for short-term trading but for long-term investors seeking exposure to a growing portfolio of lithium salars with eventual exit potential.
American Salars is executing a focused, value-driven strategy designed to maximize returns for shareholders through disciplined asset acquisition, resource growth and positioning for future monetization. The company’s approach to lithium investing involves acquiring undervalued assets during market downturns with the objective of capitalizing on future price recoveries. This opportunistic acquisition model allows the company to secure high-potential projects at low entry costs while minimizing dilution and preserving capital.
The company prioritizes lithium brine projects due to their lower development costs, faster resource delineation, and smaller environmental footprint. Its assets provide a foundation for scalable resource development through targeted drilling, advanced aquifer modeling, and ongoing environmental permitting. By focusing on brines, American Salars can efficiently build a strong, technically de-risked project pipeline with lower exploration overhead. Ultimately, American Salars is building its portfolio with a clear path to strategic exits.
Company Highlights
- American Salars Lithium is taking advantage of depressed lithium prices to acquire undervalued assets with long-term scalability and world-class exit potential. The company targets assets with clear upside potential, particularly in brine-rich jurisdictions like Argentina and Nevada.
- The company’s holdings include four lithium projects: Salar de Pocitos (Argentina), Black Rock South (Nevada, USA), Jaguaribe Pegmatite (Brazil), and the Quebec Lithium Portfolio (Canada).
- Located in the Lithium Triangle of Salta, Argentina, the flagship Pocitos 1 is an 800-hectare brine project shares a 760,000-tonne inferred lithium carbonate equivalent (LCE) resource and excellent expansion potential.
- Brine-based lithium resources offer lower environmental impact, faster resource delineation, and reduced development costs compared to hard rock alternatives.
- Several of the company’s team members have been involved in multi-million-dollar lithium asset sales. Recent deals in the region (e.g., Alpha Lithium, Neo Lithium, Arcadium) provide a roadmap for monetization.
Key Projects
Salar de Pocitos
Salar de Pocitos is American Salars Lithium’s flagship asset, located in Argentina’s lithium-rich Puna region in Salta Province. The Pocitos 1 block covers 800 hectares and has demonstrated significant brine potential through past drilling and testing campaigns. The property shares a 760,000-ton inferred lithium carbonate equivalent (LCE) resource, though it's important to note that this resource estimate was derived from earlier drilling and included Pocitos 2, which American Salars does not own. However, all drill holes contributing to that estimate were located within Pocitos 1, where the company holds 100 percent ownership. Drilling has intersected aquifers at depths ranging between 365 to 407 meters, with lithium concentrations up to 169 parts per million (ppm). Notably, strong brine flow rates were sustained for over five hours, and core sample porosity tests returned excellent values between 6 percent and 14 percent.
Ekosolve pilot plant testing on brines from Pocitos 1 produced lithium carbonate at 99.89 percent purity with recovery rates of 94.9 percent, confirming the extractive potential of the salar. The project’s high lithium concentrations within a compact footprint present compelling scalability potential, and American Salars is actively pursuing an expanded land position to increase its overall brine resource base. Environmental baseline studies are underway in preparation for a future production scenario. An updated NI 43-101 compliant resource estimate is also anticipated as part of the company’s near-term development strategy.
With strong local partnerships and a seasoned team of lithium veterans on the ground, Pocitos stands out as one of the most promising early-stage brine assets in Argentina. The Company signed a letter of intent on March 3rd 2025 to acquire an additional 13,080 hectares on the salar.
Black Rock South
The Black Rock South project is located in the Black Rock Desert basin in Nevada, USA. The Black Rock Desert region is known for geothermal activity and proximity to established lithium operations, such as Albemarle’s Silver Peak Mine—the only currently producing lithium brine operation in North America. American Salars’ property is strategically situated just 72 miles north of Tesla’s Gigafactory and 93 miles southwest of Thacker Pass, placing it in a geopolitically important supply zone for US battery manufacturing.
The project consists of a large sedimentary basin with known geothermal activity, indicating the potential for a brine-hosted lithium aquifer at depth. A 2024 soil sampling program returned 33 of 38 samples with lithium values above 100 ppm, including a peak of 180.5 ppm and an average of 131 ppm. These values trended in a northeast direction, suggesting structural controls that could host lithium-enriched aquifers.
An NI 43-101 report has been completed, and the company is now evaluating geophysical programs and structural modeling to define high-certainty drill targets. Depths to target aquifers are anticipated to be 800 to 1,000 meters, requiring significant capital investment. To address water usage concerns, the company is exploring the use of direct lithium extraction (DLE) technologies, which offer lower environmental impact by returning processed water to the aquifer.
Jaguaribe
Located in the northern coastal state of Ceará, Brazil, the Jaguaribe project spans 18,083 hectares and targets lithium-bearing LCT (lithium-cesium-tantalum) pegmatites. This historically artisanal mining district has previously produced lithium, coltan (niobium-tantalum) and tin. Recent Phase 1 surface exploration by American Salars identified multiple wide pegmatite dykes of up to 30 meters in width and 300 meters in length, indicating a robust and laterally continuous system.
Initial geochemical assays returned lithium oxide grades of up to 3.72 percent, 2.15 percent and 1.58 percent, alongside notable concentrations of cesium (554.5 ppm), tantalum (135 ppm) and niobium (177 ppm). These high-grade surface samples confirm Jaguaribe’s potential as a high-impact, hard-rock lithium project in a jurisdiction with favorable mining laws and growing lithium sector interest. The company plans to conduct detailed mapping, channel sampling and geophysical surveys to define drill-ready targets. The scale, grade and historic mining context make Jaguaribe American Salars’ top-ranked hard rock project.
Quebec Lithium Portfolio
American Salars controls three hard rock lithium exploration properties in Quebec, Canada: Xenia West & East, Lac Simard South, and Leduc East, together totaling over 11,500 hectares. These properties are located in proximity to well-known lithium districts, including Sayona Mining's and Brunswick Exploration’s land holdings. The Xenia projects, comprising 92 claims (5,382 ha), are located 30 km southeast of Val-d’Or and lie within the Pontiac Geological Subprovince, known for its lithium-rich pegmatites.
Lac Simard South, spanning 80 km southwest of Sayona’s Authier project, is accessible via gravel roads and logging routes, and offers excellent infrastructure for exploration and future development. Leduc East, a 6,100-hectare block north of Gatineau, is the most recently acquired and sits in a highly prospective greenstone belt. While these assets are still in early-stage development, they offer extensive historic pegmatite mapping, cost-effective acquisition history, and multiple targets identified from legacy data.
The company plans to execute low-cost sampling and reconnaissance work in the near term to add value and keep the claims in good standing. Given the surge in M&A activity across Quebec’s lithium belt, this portfolio offers substantial optionality.
Management Team
Nick Horsley – President, CEO and Director
Nicke Horsley has more than 19 years of experience in public markets, M&A and resource development. He is the founder of American Salars and is deeply aligned with shareholders.
Christopher Cooper – Director
Christopher Cooper is a former director at Alpha Lithium, which was acquired for over $300 million. He has extensive experience in lithium exits and corporate development.
Rodney Campbell – Director
Rodney Campbell has extensive experience in oil and gas and capital markets, with strong institutional connections.
Daryn Gordon – CFO
Daryn Gordon is an experienced chief financial officer with more than 20 years in audit and financial services, specializing in Canadian junior mining companies.
David Guerrero – Argentina Advisor
David Guerrero is the former country manager for Alpha Lithium. He has deep in-country expertise in Argentina and extensive lithium development experience.
Phillip Thomas – Qualified Person (Argentina)
Phillip Thomas has over 20 years’ experience in lithium brine geology. He was previously involved with Rincon, Pozuelos and other major Argentine salars.
William Feyerabend – Qualified Person (Nevada)
William Feyerabend is an expert in lithium exploration and technical reports across Nevada and Latin America.
Mitchell Lavery – Qualified Person (Quebec)
Mitchell Lavery is a veteran geologist with over 40 years of experience across gold, base metals and lithium in Canada.
Galan Lithium Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects