According to Globenewswire, Vancouver-based American Salars has announced a major expansion in Argentina’s lithium-rich Salta Province, securing a 75% interest in the Salar De Pocitos Project. The agreement, outlined in a recently signed Letter of Intent (LOI), involves a $2 million USD cash payment and the issuance of 20 million company shares to vendors.
This acquisition increases American Salars’ lithium footprint by 1,635%, bringing its total land holdings in the Pocitos Salar to 13,880 hectares, positioning the company as a major player in one of the world’s most prominent lithium regions.
“Having consulted with some of the largest lithium mining companies in the world, we clearly understand the prerequisites for a takeover or production scenario,” said Nick Horsley, CEO of American Salars.
Key Highlights of the Acquisition
- Expands total lithium exploration area to 13,880 hectares in Argentina’s ‘Lithium Triangle’.
- Enhances resource potential alongside the flagship Pocitos 1 Project.
- $2 million USD investment and 20 million shares issued to secure 75% project ownership.
- Aligns with global lithium demand surge, supporting EV battery supply chains.
Argentina’s Lithium Triangle: A Hotspot for Global Investors
The Pocitos Salar is situated in Argentina’s Lithium Triangle, an area known for its high-grade lithium brine resources and attracting major global investments. American Salars’ latest acquisition positions it among key lithium players actively expanding operations in this region.
The Pocitos 1 Project already hosts an inferred resource of 760,000 tonnes of lithium carbonate equivalent (LCE). The new acquisition connects existing lithium deposits, enabling large-scale exploration and potential production.
Planned Development and Next Steps
American Salars plans to:
- Compile and analyze historical exploration data, including drill results and geophysical surveys.
- Update the existing lithium resource estimate at Pocitos 1.
- Initiate feasibility and scoping studies to assess commercial production viability.
- Advance the project towards lithium extraction and commercialization.
By integrating the Salar De Pocitos Project with its existing operations, American Salars aims to accelerate the path to lithium production, catering to global demand from the EV and renewable energy sectors.
Participation in PDAC 2025: A Key Networking Opportunity
American Salars will attend the 2025 Prospectors & Developers Association of Canada (PDAC) Convention in Toronto from March 2-5, where it will showcase its expanding lithium portfolio at booth #3210. The PDAC event is one of the world’s largest mining investment and networking platforms, drawing over 30,000 attendees from 130+ countries.
This development reinforces North American lithium supply chains by reducing dependence on China and Australia while also boosting investor confidence in Argentina’s position as a key lithium supplier. Additionally, it enhances the market value of American Salars, making it more attractive for potential takeovers or production agreements.
Conclusion: Strengthening American Salars’ Lithium Leadership
With growing lithium demand, American Salars’ strategic expansion in Argentina’s Lithium Triangle positions it as a key supplier for the electric vehicle (EV) and energy storage industries. The company’s aggressive acquisition strategy, participation in industry-leading events like PDAC, and commitment to fast-tracking resource development signal a strong future in the global lithium market. As American Salars continues expanding, it solidifies its role in supporting the global energy transition and strengthening lithium supply chains worldwide.
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