From Yahoo Finance: 2025-05-02 10:02:00

American Salars Lithium has signed an LOI to acquire 100% stake in Cauchari Minas Ines 01 Lithium Salar project in Argentina, spanning 12km² with lithium concentrations up to 383 ppm. The project is accessible via existing mining tracks, 13km from Rio Tinto’s Rincon salar, boasting key infrastructure.

CEO R. Nick Horsley sees immense potential in Cauchari’s proven lithium production. The complex geology features Ordovician sediments and a large aquifer potentially rich in lithium. American Salars has also reached a settlement agreement with Ekeko, securing the Pocitos 1 project acquisition in Argentina. Payments totaling $200,000 are due in May and September 2025.



Read more at Yahoo Finance: American Salars Lithium to acquire Cauchari Lithium Salar project in Argentina