2024-12-10 22:10:39
Tired Earth
By The Editorial Board
This investment equates to a 14.9% ownership stake in the Pastos Grandes lithium project, located in Salta, Argentina.
“The completion of this transaction is a pivotal advancement for both Lithium Argentina and Ganfeng Lithium. It underscores our joint dedication to innovation and the responsible progression of the global clean energy transition,” said Lithium Argentina president and CEO Sam Pigott.
He further noted that the proceeds from the sale would enhance the company’s financial stability, reduce short-term debt related to the Caucharí-Olaroz project, and provide greater flexibility for future expansion plans.
The Pastos Grandes project, which Lithium Argentina acquired through its purchase of Millennial Lithium in early 2022, is situated within the Pastos Grandes basin. This basin also includes the adjacent Sal de la Puna project and is located about 100 km from the Caucharí-Olaroz project, a joint venture between Lithium Argentina and Ganfeng Lithium.
Lithium Argentina and Ganfeng Lithium are progressing with a regional development plan for the Pozuelos-Pastos Grandes project and the broader Pastos Grandes basin, with anticipated results to be released by the end of 2024.
Source : miningweekly.com
Most Viewed
Deforestation and climate change
2024-12-10 22:10:35
Air pollution
2024-12-10 22:10:35
Five ways to take action on climate change
2024-12-10 22:10:35
Four of world's biggest cities to ban diesel cars from their centres
2024-12-10 22:10:35
Pollution emitted near equator has biggest impact on global ozone
2024-12-10 22:10:35
Why we need a UN Treaty on plastic pollution The Ellen MacArthur Foundation is a UK charity working on business, learning, insights & analysis, and communications to accelerate the transition towards the circular economy.
Air Pollution for Kids Air is all around us and we need it to survive.
Why We Need to Stop Plastic Pollution? Our oceans are being filled and killed by throwaway plastics.
Climate Change, Ecological Crisis and Sustainability We are all agents for change in climate action.
Climate Racism Climate Racism: Social Inequalities in the Age of Climate Change
The best of Tired Earth delivered to your inbox
Sign up for more inspiring photos, stories, and special offers from Tired Earth
By signing up for this email, you are agreeing to news, offers, and information from Tired Earth. Click here to visit our Privacy Policy..
France
Comment