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Argentina Lithium Signs US$100 Million Heads of Terms and Framework Agreement with Lanshen for Rincon West
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF), ("Argentina Lithium"
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF), (\"Argentina Lithium\" or the \"Company\") is pleased to announce that it has entered into a non-binding Heads of Terms and Framework Agreement (the \"Framework Agreement\") with Xi'an Lanshen New Material Technology Co., Ltd. (\"Lanshen\"). The Framework Agreement provides for a structured, staged pathway for the technical advancement, financing, and potential commercial development of the Company's Rincon West Lithium Brine Project (\"Rincon West\") in Salta Province, Argentina, anchored by Lanshen's Direct Lithium Extraction (\"DLE\") technology and engineering capabilities. Under the Framework Agreement, it is proposed that Lanshen be granted the right to earn up to a 30% equity interest in Argentina Lithium's Argentine subsidiary, Argentina Litio y Energia S.A. (\"ALESA\"), through staged contributions totaling up to approximately US$100 million (the \"Proposed Transaction\"). The collaboration is structured across three development stages designed to progressively de-risk the project and advance it toward commercial production. Nikolaos Cacos, President and CEO of Argentina Lithium, commented: \"This Framework Agreement represents a major step forward with respect to the potential development of Rincon West and a clear transition from early-stage collaboration toward negotiation of definitive agreements containing a clearly defined technical and investment framework. By structuring up to US$100 million in staged contributions tied to key development milestones, we have the opportunity to significantly advance the project while managing capital risk. Lanshen's expertise in DLE technology and project execution would position us to potentially accelerate timelines, enhance recoveries, and move toward a scalable and efficient production model aligned with global lithium demand.\" Zhijun Feng, President of Lanshen, stated: \"We are pleased to formalize this next phase of cooperation with Argentina Lithium. The Agreement establishes a clear pathway to deploy our DLE technology across pilot, engineering, and commercial stages, and we look forward to advancing Rincon West through feasibility and into production.\" The Framework Agreement advances the strategic collaboration previously estab...