Strategic Metals and Rare Earths Letter International has updated coverage of Argentina Lithium. Well worth reading:
“Argentina’s government is encouraging foreign investment and renewable energy initiatives. The combination of high geological potential and a promising investment climate have set the conditions last year for delineating and advancing new lithium resources in Argentina.
The “Lithium Triangle”, including parts of the high plateau Puna region located in north-western Argentina, produces about half of the world’s lithium and hosts approximately 70% of the known lithium reserves. Argentina produces approximately 12% of the world’s lithium, making it the third largest producer, next to Chile and Bolivia.
Argentina Lithium is led by the Grosso Group that pioneered in the mineral industry in Argentina and has operated there since 1993. Argentina Lithium’s Arizaro Lithium Brine Project, located in the Province of Salte, is the largest in Argentina. Together with the Incahuasi Project this puts the Company in an outstanding position to benefit from the electric vehicle revolution, which will result in booming demand for lithium-ion batteries.
Considering having raised C$ 4. Million to fully fund up to 10,000 metres of collective drilling on its two prospective properties and its strategy to further expand its lithium holdings, in my view, Argentina Lithium, at a market capitalization of just C$ 32 million (US$ 26 million), offers a high investment leverage potential. As a result, I have increased my 2018 price target from C$ 0.70 to C$1.00.”