LatinNews Daily - 22 April 2026

*Canada-headquartered mining company Argentina Lithium & Energy has signed a US$100m agreement with China’s Xi’an Lanshen New Material Technology Co. to further develop its Rincon West brine project in Argentina’s Salta province. Under the framework agreement, Lanshen will be granted the right to earn up to 30% equity in Argentina Lithium’s Argentine subsidiary, Argentina Litio y Energia S.A. (Alesa), through staged contributions totalling up to approximately US$100m. The collaboration is structured across three development stages: a pilot-scale direct lithium extraction (DLE) brine testing, process validation, and engineering design to support a pre-feasibility study; definitive feasibility study level engineering, environmental, and permitting support; and the establishment of a comprehensive framework for the construction and commissioning of a commercial-scale lithium processing operation at Rincon West. According to Argentina Lithium, subject to the successful completion of prior stages and the satisfaction of key conditions, Lanshen is expected to contribute approximately US$95.9m in the form of fully integrated engineering, procurement, and supply of a lithium production facility designed to produce 5,000 tonnes per year of battery-grade lithium carbonate. 

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