American Salars Expands Pocitos Project by 1,635% in Argentina’s Lithium Triangle

American Salars Lithium Inc. has expanded its Pocitos Project in Argentina by 1,635%, increasing its area to 13,880 hectares. This development positions it as the second largest holder in the Salar de Pocitos, with plans for resource updates and feasibility studies aimed at commercial production.

American Salars Lithium Inc. recently announced a tremendous expansion of its Pocitos Project in Argentina’s Lithium Triangle, increasing its property size by an extraordinary 1,635%, bringing it to 13,880 hectares. This strategic growth places American Salars as the second largest property holder within the Salar de Pocitos, thereby enhancing its capacity for lithium production.

The expansion includes a Letter of Intent Agreement to potentially acquire up to 100% of the Salar De Pocitos Project, which has undergone significant historical exploration. The company is committed to utilizing existing data to update its Mineral Resource Estimate and conducting necessary scoping and feasibility studies to progress towards commercial production.

Furthermore, the prime location of the project is supported by excellent infrastructure, which is expected to facilitate operations. The acquisition is regarded as a transformative opportunity for American Salars and its stakeholders, marking a pivotal point in the company’s growth trajectory. For further information regarding Blanton Resources Corp., their year-to-date price performance stands at 14.29% with an average trading volume of 110,424, reflecting a strong buy sentiment and a current market capitalization of C$2.21 million.

In conclusion, American Salars Lithium Inc. has significantly expanded its Pocitos Project, enhancing its position within Argentina’s Lithium Triangle. The acquisition not only increases its land holdings substantially but also represents a pivotal development for future lithium production. With strategic planning for resource estimation and feasibility studies underway, the company appears well-poised for growth and commercial success.

Original Source: www.tipranks.com