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InvestmentPitch Media Video Discusses Argentina Lithium & Energy's Significant Expansion of its Lithium Portfolio of Properties at the Pocitos Salar in Argentina - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2022) - Argentina Lithium and Energ...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Argentina Lithium & Energy's Significant Expansion of its Lithium Portfolio of Properties at the Pocitos Salar in Argentina - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - January 11, 2022) - Argentina Lithium and Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: PNXLF) has significantly expanded its lithium portfolio of properties at the Pocitos Salar in Argentina. The company and its Argentinian subsidiary have entered into three new option agreements with local vendors to acquire a 100% interest in 10,364 hectares of new properties in the heart of Argentina's world-renowned Lithium Triangle.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Argentina Lithium\" in the search box.Cannot view this video? Visit:https://www.youtube.com/watch?v=lWT98b2ao2MThese new properties grow the company's Pocitos holdings by 65%, with the company already holding options on 15,857 hectares of properties located on the west side of the Pocitos Salar.The Pocitos Salar is located approximately 100 kilometres west of the town of San Antonio de los Cobres, the largest town in Argentina's high plain, and approximately 250 kilometres west of the provincial capital city of Salta. The Provincial Route 17 and the natural gas pipeline-fed industrial park at the settlement of Pocitos are located 17 km to the east. The rail line that crosses the middle of the Pocitos West property joins Salta with the port of Antofagasta on the Chilean Pacific coast. The present surface expression of the Pocitos Salar is approximately 57 kilometres north-south, and approximately 10 kilometres east-west. The salt pan is almost completely flat with portions of the older salar surface covered by talus and alluvial fan.To acquire its 100% in these properties, the company must pay a total of US$2,755,000 in scheduled payments along with 193,000 shares upon signing, and future shares worth $721,000. The El Pidio and Aquamarga properties are subject to TSX Venture Exchange approval.Nikolaos Cacos, President and CEO, stated: ¨Pocitos, one of the largest salars within Argentina's Lithium Triangle, remains a key under-explored salar in Salta. Wi...