Edison Lithium Corp (EDDY)

[Everything-EV]

Argentina’s lithium zones lie just on the other side of the border with Chile, and its reserves haven’t been proven or its resources exploited nearly to the extent of its neighbors to the west.

But the potential is clearly there. One of Edison Lithium’s areas of focus is the Salar de Antofalla, in the highlands near the border of Argentina and Chile. Edison acquired claims here as part of their purchase of Resource Ventures S.A. Several other companies have claims in the area as well.

In 2016 Albemarle , the world’s second largest lithium producing company, acquired claims in the Antofalla region from Bolland Minera S.A. Bolland’s drill program had identified a substantial resource of both lithium and potassium (potash) to over 500 meters depth, suggesting that Antofalla is one of the deepest basins in the region. At the time, Albemarle believed its resource would prove to be Argentina’s largest lithium resource. The company has not announced further development of the property as it tends to more advanced operations in other regions.