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The Stellantis Era Begins: Argentina Lithium (LIT.V) to drill up to 30 holes at Antofalla North Project
(TheNewswire) November 27, 2023 - TheNewswire - Global Stocks News - On November 20, 20...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"The Stellantis Era Begins: Argentina Lithium (LIT.V) to drill up to 30 holes at Antofalla North Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n November 27, 2023 - TheNewswire -\nGlobal Stocks News -\n \n \n On November 20, 2023\nArgentina Lithium\n \n \n (TSXV:LIT)\n(FSE:OAY3) (OTC:PNXLF)\n \n \n announced\n \n \n \n accelerated exploration plans for\n2024\n \n \n , following a\n \n \n $90 million (in ARS equivalent)\nfinancing agreement\n \n \n with Peugeot Citroen Argentina S.A., a\nsubsidiary of Stellantis N.V.\n \n \n \n LIT is exploring a number of highly prospective lithium\nprojects in Argentina with a goal of advancing them toward production\nin order to meet the growing global demand from the battery\nsector.\n \n \n \n \n “The revised program includes a plan to\n \n \n complete up to 30 drill holes\n \n \n at the Company’s large and highly prospective\n \n \n Antofalla North project\n \n \n , with a goal of assessing its lithium resource potential\nshortly on the heels of the Company’s flagship Rincon West project,\nwhere the 11th of 20 planned exploration drill holes is underway,”\nstated LIT in the November 20, 2023 PR.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The Stellantis deal gives Argentina Lithium the financial resources to\naccelerate the development of its lithium assets, while providing\nStellantis with up to 15,000 tonnes of lithium per annum, for a 7-year\nperiod if LIT becomes a lithium producer.\n \n \n Stellantis has a track record of making savvy upstream investments.\n \n \n On August 17, 2023 Stellantis\n \n \n announced a $100 million investment in\nCTR\n \n \n to advance the development of a geothermal lithium\nproject in California.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n Argentina Lithium’s VP of Exploration,\n \n \n Miles Rideout\n \n \n , has\nlived in Mendoza, Argentina for more than 20 years. Fluent in English\nand Spanish, he has a track record in mine permitting, financing,\nconstruction, and operations, participating in the discovery of\nmultiple world-class deposits.\n \n \n \n \n “\n \n \n \n Our 2023 field work focused on drilling\nRincon West and was extremely successful in identifying lithium-r...