American Salars Lithium Inc. has expanded its Pocitos Project by 1,635% to 13,880 hectares, becoming the second largest holder in the Salar de Pocitos. This includes a Letter of Intent for 100% acquisition, with plans for data compilation and studies for commercial production, leveraging excellent infrastructure in the area.
American Salars Lithium Inc. has revealed a substantial expansion of its Pocitos Project, located in Argentina’s Lithium Triangle, by 1,635%, bringing the total area to 13,880 hectares. This move positions the company as the second largest property holder within the Salar de Pocitos, significantly enhancing its lithium production potential. The expansion includes a Letter of Intent Agreement to acquire up to 100% of the Salar De Pocitos Project, which has a history of extensive exploration.
To further this initiative, American Salars plans to compile existing data, update its Mineral Resource Estimate, and conduct both scoping and feasibility studies in preparation for eventual commercial production. The project’s advantageous location is supported by excellent infrastructure, making this acquisition a pivotal development for the company and its investors. Additionally, Blanton Resources Corp. reported their year-to-date price performance, which stands at 14.29%, with an average trading volume of 110,424 shares and a current market capitalization of C$2.21 million.
The expansion of American Salars Lithium Inc.’s Pocitos Project marks a significant milestone in the company’s growth strategy within Argentina’s Lithium Triangle. By increasing its property size and enhancing its lithium production capabilities, the company strengthens its market position. Further studies and data compilation are essential steps toward achieving commercial production, underpinning the strategic importance of this acquisition.
Original Source: www.tipranks.com
