Lithium: South America juniors in focus

Stellantis, one of the world’s largest car manufacturers, is investing USD 90 million directly into Argentina Lithium & Energy (TSXV LIT), a lithium explorer and project developer active in Argentina. The shares of the Canadian company shot up by 113% after the news was released. Recently, an overall increased interest in lithium juniors operating in South America could be observed.

Argentina Lithium said it will use the proceeds of the transaction primarily to advance the development of the company’s lithium projects held by a wholly owned subsidiary – Argentina Litio y Energia S.A. (ALE) – in Argentina. Stellantis and Argentina Lithium will also enter into a lithium offtake agreement, the statement added, which secures up to 15,000 tons per year of the lithium that ALE will produce in Argentina for the French automotive giant. The term of this deal is initially for seven years, but can be extended thereafter.

High interest in lithium juniors in South America

Another lithium junior that appears to have attracted significant interest is Lithium Chile (TSXV LITH). The company has lithium projects in Argentina and Chile and had already reported an expression of interest in March regarding the acquisition of some of its assets. According to Lithium Chile, not only are these discussions now well advanced, but it has also received additional expressions of interest from third parties. As a result, the company has secured the services of PI Financial as a financial advisor…

Portofino Resources (WKN A2PBJT / TSXV POR), which has been monitored by for a long time, is not quite there yet. However, after the company recently announced the complete acquisition of the Yergo lithium project in Argentina, which is located very close to Zijin Mining’s 3Q project, Portofino also announced that it had received several cooperation requests in a very short time. Which makes clear how valuable the project itself and Portofino as its owner are now considered to be.

Portofino has also entered into a collaboration with the mineral resources entity of the Argentine province of Salta, which makes it easier for the company to gain access to additional prospective projects. Only recently, Portofino has submitted applications for two lithium concessions in Salta that show promising lithium grades. These are located, among others, in the Arizaro Salar, the sixth largest salar in the world.

Conclusion: While investors have recently focused on the Canadian lithium region of James Bay (Québec), South America, and Argentina in particular, are obviously back in the focus of industry players and investors. Portofino Resources, which recently raised sufficient capital not only to acquire the Yergo project but also to advance its exploration, seems to be in the right place at the right time. Investors interested in lithium (brine) and South America should keep an eye on the small company. Even though, it should not be mentioned, this is of course a high risk speculation.

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