US$100 Million Framework Deal Targets Breakthrough in Lithium Triangle Development [Globe and Mail, The (Toronto, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Globe and Mail, The
Direct Lithium Extraction (DLE) technology is rapidly gaining traction as a faster, more environmentally adaptable alternative to traditional evaporation ponds, and companies that can lock in both funding and proven technical partners are positioning themselves ahead of the next supply wave. Shares of Argentina Lithium & Energy Corp. ( TSX-V: LIT OTCQB: LILIF ) are moving higher Tuesday after the company announced a non-binding Heads of Terms and Framework Agreement with Xi'an Lanshen New Material Technology Co., Ltd., outlining a potential US$100 million staged investment to advance its Rincon West Lithium Brine Project in Salta Province, Argentina. The agreement establishes a structured three-stage development pathway, allowing Lanshen to earn up to a 30% equity interest in Argentina Lithium's Argentine subsidiary through milestone-based contributions. The collaboration is designed to de-risk the project while progressing it toward commercial production using Lanshen's DLE techn
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Sec Filings
- 4/8/26 - Form SD
- 2/19/26 - Form IRANNOTICE
- RIO's page on the SEC website