Canadian Mining Journal


Advantage Lithium cashes up, before closing Orocobre deal

Advantage Lithium (TSXV: AAL) is turning its focus to Argentina in a race to start producing lithium, as lithium demand and prices steadily rise.

The junior — which has five lithium brine projects in Nevada — recently closed a $20 million financing ahead of finalizing an enviable partnership with lithium producer Orocobre (TSX: ORL), which could put it in the fast lane to production. …

The Orocobre deal – set to close by March 31 – will provide Advantage Lithium up to 75% of Orocobre’s Cauchari advanced exploration project in Argentina’s northwestern province of Jujuy, plus a 100% interest in five other exploration projects, including Antofalla, Incahuasi and Guayatoyoc. The six assets cover 855.4 km2 of the country’s lithium triangle.

Read the complete  story at The Northern Miner.

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1 Comment » for Advantage Lithium cashes up, before closing Orocobre deal
  1. Brandon says:

    With all this great news, why does the valuation of the stock continue to decline? When will production result in profits for investors?

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