Li3 Energy, Inc. is an early stage company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas. Lithium brines are recognized as a faster, lower-cost, more energy efficient, and environmentally friendly source of extraction than hard rock lithium mining. The Company’s initial focus is on identifying and acquiring opportunities in Peru, Argentina, Chile, and the United States.
Li3 Energy is working to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production. This is to meet growing market demand and to support the clean energy and green energy initiatives undergoing implementation globally. The Company has a management team and board of directors with extensive resource sector, corporate development, and finance expertise. Li3 Energy’s technical team has direct experience successfully exploring and producing lithium resources.
The Company signed a letter of intent to purchase options to acquire up to an aggregate 80 percent interest in eleven lithium brine properties covering 123,000 acres in Chile and options to acquire an 85 percent interest in four lithium brine properties covering 90,000 acres in Argentina. The prospects are within the Puna Plateau, which hosts 70 percent of the world’s lithium reserves.
Earlier this month, Li3 Energy announced that they closed their previously announced agreement to acquire the assets of Next Lithium Corp. They acquired a 100 percent interest in 170,000 acres of a strategically located property prospective for lithium brine, located in Big Smoky Valley near Tonopah, Nevada.
Last week, Li3 Energy, Inc. announced that they executed definitive purchase agreements to acquire the rights of Puna Lithium Corporation over certain Argentinean assets. The rights include three options to acquire from Lacus Minerals S.A. up to an aggregate of 85 percent interest in approximately 90,000 acres situated on prospective brine salars (salt flats) in Argentina. The rights also include the acquisition of Noto Energy S.A., an Argentinean corporation, which owns a 100 percent interest over 2,995 acres also situated on promising brine salars in Argentina.
Luis Saenz, Chief Executive Officer of Li3 Energy, stated, “We are extremely excited by the Puna Lithium Portfolio acquisition. Combined with other recent acquisitions in Nevada and Peru, along with additional options in Argentina and Chile clearly position Li3 Energy as one of the largest holders of prospective lithium acreages in the world.”