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.
The region has seen increased acquisition activity recently with Orocobre Limited (ASX:ORE) (TSE:ORL) entering into an agreement to acquire 100% of Advantage Lithium Corp (CVE:AAL) (OTCQX:AVLIF).
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.