M&A in Lithium space continues with very aggressive pace: today we have two deals announced. First one is in Argentina and another one is in Nevada. Now we have French companies landed in Argentina, after Canadian Magna and Japanese Toyota Tsusho Europeans are rushing into the Lithium Brine Supply Chain. This winter could be very hot in Argentina for TNR Gold, which we are following here. Will they decide to advance Mariana alone or will company strike a J/V deal after International Lithium Corp will be public?
"Mariana Project -- Argentina: ILC's focus lies in the 120 square kilometre 100% held Mariana lithium brine project. Within proximity to major producers of lithium carbonate (FMC and SQM), Mariana has all the key characteristics of a potential producer. ILC has completed initial sampling and hydrogeology, is producing a NI43-101 technical report and is in preparation for the initial exploratory drill phase. Should all the factors prove to be favourable and the project advances accordingly a mineral resource can be estimated and a feasibility study completed in approximately 2 years."
Dow Jones:
"DJ Bollore, Eramet Sign Argentina Lithium Exploration Deal
Posted on: Tue, 16 Feb 2010 02:33:23 EST
PARIS, Feb 16, 2010 (Dow Jones Commodities News via Comtex) --
French investment company Bollore SA (BOL.FR) and French metals and mining firm Eramet SA (ERA.FR) Tuesday said they have signed an exploration contract with a call option for lithium deposits with Argentina-based company Minera Santa Rita.
The two French companies will have access to concessions on several lithium-rich salt lakes in northern Argentina.
The deal will enable Bollore and Eramet to start exploration in order to estimate the resource and launch studies on a project for a lithium carbonate production unit. Lithium carbonate is the raw material from which the lithium salts and lithium metal used in rechargeable batteries are produced.
The call option gives the Bollore-Eramet consortium the right to acquire those concessions following the studies, within 24 months.
-By Elena Berton, Dow Jones Newswires; +33 1 40 17 17 65; elena.berton@dowjones.com
(END) Dow Jones Newswires
02-16-10 0233ET
For full details on (ERMAF) ERMAF. (ERMAF) has Short Term PowerRatings at TradingMarkets. Details on (ERMAF) Short Term PowerRatings is available at This Link."
Posted on: Tue, 16 Feb 2010 02:33:23 EST
PARIS, Feb 16, 2010 (Dow Jones Commodities News via Comtex) --
French investment company Bollore SA (BOL.FR) and French metals and mining firm Eramet SA (ERA.FR) Tuesday said they have signed an exploration contract with a call option for lithium deposits with Argentina-based company Minera Santa Rita.
The two French companies will have access to concessions on several lithium-rich salt lakes in northern Argentina.
The deal will enable Bollore and Eramet to start exploration in order to estimate the resource and launch studies on a project for a lithium carbonate production unit. Lithium carbonate is the raw material from which the lithium salts and lithium metal used in rechargeable batteries are produced.
The call option gives the Bollore-Eramet consortium the right to acquire those concessions following the studies, within 24 months.
-By Elena Berton, Dow Jones Newswires; +33 1 40 17 17 65; elena.berton@dowjones.com
(END) Dow Jones Newswires
02-16-10 0233ET
For full details on (ERMAF) ERMAF. (ERMAF) has Short Term PowerRatings at TradingMarkets. Details on (ERMAF) Short Term PowerRatings is available at This Link."
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