Assets, Process, Team
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.
► 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
Toronto, 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
Toronto, 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.
Toronto, 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