Speaking exclusively on Tuesday with Lithium Investing News, James McCann, Exploration Manager for Lithium One Inc., assured that Argentina is very much a “republic of provinces” and was quick to indicate confidence that the the Sal de Vida Lithium Project is located at “the only commercial lithium producing salar in Argentina."
Canada Lithium Corp released an announcement that the company has produced battery-grade lithium carbonate samples to send to potential customers for testing, surpassing industry standards.
Last week, the top lithium mining companies urged Chile to overhaul regulation to allow them to increase output of a metal seen booming in coming years anticipating a larger scale adoption and demand of electric cars and lithium batteries. The government wants the industry to grow; however, opposition has said the state should keep its tight grip over an industry that could bring billions of dollars in revenue in the future.
The US Department of Energy will be providing a $28.4 million grant to expand the Silver Peak lithium production facility operated by the Chemetall Foote subsidiary of Rockwood Holdings. The funding grant represents 50 percent of the estimated project development upgrading costs.
During a recent conference call with management, Chief Executive Officer Todd Hilditch explained that The TEM survey lines were extended beyond the boundaries of the salar Las Parinas on to areas covered by alluvial and volcanic material. It represents the potential of a considerable tailwind for Salares Lithium, since no other exploration company has been able to prove the extension of a brine horizon beyond the surface yet.
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