Lake Resources N.L. (ASX:LKE) is witnessing an increasing interest in lithium players and projects in northern Argentina, where the lithium brine producer's flagship Kachi Lithium Brine Project is located.
Lake’s Kachi and other 100%-owned leases are in a prime location among the lithium sector’s largest players within the Lithium Triangle, where about 40% of the world’s lithium is produced.
Advantage Lithium’s Cauchari Lithium Project contains 4.8 million tonnes of measured and indicated lithium carbonate resource and lies only 20 kilometres from Orocobre’s producing Olaroz lithium facility.
Ganfeng - Lithium Americas project
Earlier this month, world-leading lithium manufacturer Ganfeng Lithium Co Ltd (SHE:002460) agreed to pay US$16 million to Lithium Americas Corp (TSE:LAC) for an additional 1% stake in the Cauchari-Olaroz project in the Lithium Triangle.
Ganfeng’s interest will increase from 50% to 51% while Lithium Americas will retain a 49% stake and get US$40 million cash in the form of non-interest-bearing loans.