Assets, Process, Team
World class management with previous successes in the lithium industry
► Developed through to production lithium brine projects in Chile and Argentina
► Most recently Lithium-X Energy Corp which was acquired in 2018 for $265M
Executive Chairman Eduardo Morales is a pioneer of the lithium brine industry
► Former CEO of Rockwood Litio Ltda (Chile), where he oversaw the development of the world’s premier lithium brine asset in the Salar de Atacama, Chile
► Rockwood was sold in 2014 for US$6.2 billion
Arena’s Antofalla project poised to be the next brine discovery in Argentina
► Antofalla is drill ready and fully permitted
► Arena has developed a proprietary brine processing technology producing >30% LiCL from ponds
Strategic partnership with world premier lithium producer
► Ganfeng Lithium Co. to acquire 19.9% of Arena pursuant to a private placement announced Feb 3, 2021
► Proceeds shall be used to advance the Antofalla asset and to evaluate potential acquisitions.
Strategic Partnership
► Ganfeng is granted the right to appoint a nominee to the Board of Directors of Arena;
► Ganfeng is granted a right to acquire up to 35% interest in any asset acquisition completed by Arena
► Ganfeng is granted pre-emptive rights to maintain its percentage ownership interest in Arena
The Argentine Puna region hosts the WORLD’S THIRD LARGEST LITHIUM RESERVES, after Chile and China
Mr. Morales and the Arena team have developed a proprietary brine processing technology
The process allows for the production of >30% LiCl from conventional evaporation ponds
LiCl product has numerous benefits:
► Transportation to centralized carbonate plant
► Production of battery grade lithium carbonate without purification circuits
The Salar de Atacama operation employs a similar process, producing a battery grade product at one of the world’s lowest production costs
► The process employed in Atacama was developed during Mr. Morales tenure.
NEWS RELEASES
ARENA MINERALS TO ACQUIRE LARGE, HIGH-GRADE LITHIUM BRINE PROJECT IN SALTA, ARGENTINA
March 29, 2021Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that the Company has entered into a binding memorandum of understanding (the “MOU”) with LITH-ARG Acquisition LLC (“LITH-ARG”) to acquire 100% of the Sal de la Puna lithium brine project (“Sal de la Puna Project”, or the “Project”), which covers … Read More
ARENA MINERALS CLOSES $2.8M FINANCING LED BY LEADING LITHIUM PRODUCER GANFENG LITHIUM CO.
March 16, 2021Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) announces the closing of the second and final tranche of the non-brokered private placement announced on February 4, 2021. The Company has issued an additional 25,236,278 units (the “Units”) at a price of $0.05 per Unit for additional proceeds of $1,261,813. Each Unit consists … Read More
ARENA MINERALS ANNOUNCES FIRST TRANCHE CLOSING OF $2.8 MILLION PRIVATE PLACEMENT LED BY LEADING LITHIUM PRODUCER GANFENG LITHIUM CO.
March 1, 2021Toronto, Canada: Arena Minerals Inc. has closed an initial tranche of its private placement announced on Feb. 4, 2021. The company has issued an aggregate of 30,763,720 units at a price of five cents per unit for gross proceeds of $1,538,186. Each unit consists of one common share of the company and one-half of one … Read More