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Argentina Lithium Enters into Amendment to Amelia Option Agreement
Argentina Lithium Enters into Amendment to Amelia Option Agreement Canada NewsWire ...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\n\n\n\n Argentina Lithium Enters into Amendment to Amelia Option Agreement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n TSX Venture Exchange (TSX-V):\n \n LIT\n \n\n Frankfurt Stock Exchange (FSE):\n \n OAY3\n \n\n OTCQB Venture Market:\n \n LILIF\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 13, 2025\n \n\n /CNW/ -\n \n Argentina Lithium & Energy Corp.\n \n (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF),\n \n (\"Argentina Lithium\"\n \n or the\n \n \"Company\")\n \n is pleased to announce that it has entered into an amendment (the \"\n \n Fourth Addendum\n \n \") to a previously announced option agreement (the \"\n \n Amelia Option Agreement\n \n \"). The Fourth Addendum sets the value of the Option Shares (as defined below) to be issued pursuant to the Amelia Option Agreement.\n \n\n\n\n\n\n\n\n\n On\n \n March 31, 2022\n \n , Argentina Litio Y Energia S.A., a wholly owned subsidiary of the Company (\"\n \n ALE\n \n \"), entered into the Amelia Option Agreement with an individual optionor (the \"\n \n Amelia Optionor\n \n \"). The Amelia Option Agreement grants ALE the option (the \"\n \n Amelia Option\n \n \") to acquire a 100% interest in three granted mine concession properties totaling 5,411 hectares in the Salar de Antofalla in Catamarca Province,\n \n Argentina\n \n (the \"\n \n Amelia Properties\n \n \").\n \n\n On\n \n March 10, 2025\n \n , the parties amended the Amelia Option Agreement (the \"\n \n Third Addendum\n \n \") to modify the payment and investment schedule under the agreement. To exercise the Amelia Option, ALE must make the following cash payments to the Amelia Optionor:\n \n\n\n\n US$400,000\n \n by\n \n December 31, 2025\n \n ,\n \n\n\n US$500,000\n \n by\n \n June 30, 2026\n \n ,\n \n\n\n US$600,000\n \n by\n \n December 31, 2026\n \n , and\n \n\n\n US$620,000\n \n by\n \n June 30, 2027\n \n .\n \n\n\n In addition, ALE must invest\n \n US$2,000,000\n \n in the Amelia Properties during the calendar year 2026 and\n \n US$4,000,000\n \n during the calendar year 2027.\n \n\n Pursuan...