American Salars Lithium Inc. has expanded its Pocitos Project in Argentina’s Lithium Triangle by 1,635% to 13,880 hectares. This acquisition makes the company the second largest property holder in the region, enhancing its lithium production potential. The project will undergo data compilation and feasibility studies to move toward commercial production. Blanton Resources Corp. reported a strong year-to-date stock performance and current market capital.
American Salars Lithium Inc. has announced a remarkable expansion of its Pocitos Project, increasing its area by 1,635% to a total of 13,880 hectares. This move makes American Salars the second largest property holder in the Salar de Pocitos, significantly boosting its lithium production potential. The expansion includes a Letter of Intent to acquire up to 100% of the Salar De Pocitos Project, known for its extensive historical exploration.
To capitalize on this acquisition, American Salars plans to compile historical data, update its Mineral Resource Estimate, and conduct scoping and feasibility studies aimed at advancing the project toward commercial production. The project’s strategic location in Argentina’s Lithium Triangle is advantageous due to its robust infrastructure, marking this acquisition as a transformative strategy for the company and its stakeholders.
In addition to the project update, Blanton Resources Corp. has reported the year-to-date performance of its shares at 14.29%. The average trading volume stands at 110,424 shares, and the current market capitalization is C$2.21 million, indicating a strong market sentiment toward the stock with a Technical Sentiment Signal rated as a Strong Buy.
In conclusion, American Salars Lithium Inc.’s expansion of the Pocitos Project represents a Major development in the lithium sector. The acquisition significantly increases its land holdings, facilitating potential production advancements. With strategic studies planned and strong market performance indicators, the company is poised for potential growth in the lithium market.
Original Source: www.tipranks.com
