Argentina Lithium Announces Memorandum of Understanding with Xi'an Lanshen New Material Technology to Advance Rincon West Lithium Project

Core Viewpoint - Argentina Lithium & Energy Corp. has entered into a Memorandum of Understanding with Xi'an Lanshen New Material Technology Co., Ltd. to advance its Rincon West Lithium Brine Project towards feasibility study completion and potential commercial production [1][2]. Group 1: Collaboration Details - The MOU outlines a joint effort to develop a 5,000 tonnes-per-year battery-grade lithium carbonate plant, with scalability to 15,000-20,000 tonnes annually [2]. - Lanshen will provide integrated DLE pilot platform, engineering packages, technical personnel, and equipment quotations necessary for feasibility-level engineering [2]. - The collaboration includes a progressive earn-in structure for Lanshen's contributions, which will qualify for equity participation in Argentina Lithium's subsidiary, Argentina Litio y Energia S.A. [2]. Group 2: Project Significance - This collaboration is a significant milestone following Argentina Lithium's recent NI 43-101 Mineral Resource Estimate at Rincon West, strategically located near Rio Tinto's operation in Salta Province [3]. - The partnership aims to reduce development timelines, improve process efficiency, and enhance the project's commercial pathway [3]. Group 3: Leadership Statements - The CEO of Argentina Lithium emphasized that this MOU represents a pivotal turning point, strengthening the technical foundation and strategic positioning of Rincon West [4]. - Lanshen's President expressed enthusiasm for the collaboration, highlighting the company's decade-long development of DLE technology for efficient lithium extraction [4]. Group 4: Company Background - Argentina Lithium is focused on acquiring high-quality lithium projects in Argentina to meet the growing global demand from the battery sector, with a strategic investment from Stellantis N.V. [9]. - The company has a history of success in the resource sector and has assembled some of the most prospective lithium properties in the Lithium Triangle [9]. Group 5: Lanshen Overview - Xi'an Lanshen New Material Technology Co., Ltd. is recognized for its innovations in Direct Lithium Extraction technologies and has a strong presence in multiple brine-producing districts in China [5][7]. - Lanshen provides fully integrated engineering solutions, including brine compatibility testing and project commissioning, supporting the advancement of environmentally responsible lithium-extraction technologies [6][7].