Salar de Rincon; Salta Province, Argentina

In a time with record inflation, the Russia-Ukraine conflict advancing into a decisive phase as the Ukraine is almost completely shut off from the Black Sea now, with even Odessa under missile attack despite a transport/trading agreement on grain exports, the lithium product prices keep hovering at staggering heights, with spot pricing for lithium carbonate still near the 500,000 yuan/t, or US$75,000/t.

As lithium product prices keep rising, and recently reached not too long ago unimaginable heights of US$34,000/t lithium carbonate at battery grade, Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY1, OTC: PNXLF) hasn’t been sitting on their hands, raised almost C$6M in an oversubscribed financing last month, and announced further acquisitions of lithium projects in Argentina, in the heart of the Lithium Triangle, hotspot of brine deposits and operations in Latin America.