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it had received final environmental impact assessment approval for the next phase of exploration and evaluation at its Solaroz lithium brine project in Argentina. The approvals cover the Central and Northern blocks of the project, which host the majority of Solaroz’s existing lithium resources.
These blocks will also be the focus of upcoming activities under the next phase of development. The EIA milestone aligns with Lithium Energy’s previously announced agreement to sell its entire stake in Solaroz to CNGR Netherlands New Energy Technology for $63 million in cash. Under the terms of the agreement, CNNET has committed to funding local operations and the next stages of development at Solaroz, beginning in 2023. CNNET will also provide up to $15 million in loan funding to support the project. Both companies are currently working together to establish a suitable work program aligned with the approved environmental assessment. The Solaroz project is located in northwestern Argentina, within South America’s Lithium Triangle, a region known for hosting some of the world’s largest lithium brine deposits.Director of the Mining Chamber of Panama says unemployment has risen across the country after the Cobre Panama mine closure.The company said the grant will help rapidly assess subsurface structures, optimise landing site selection, rover navigation, infrastructure planning, and potential resource estimation.Once scaled to commercial production, the facility in Durham will have a production target of at least 10,000 tonnes a year.Beyond the short-term volatility created by Donald Trump's tariff machinations, it's likely that the longer-term trend of the world splitting into two trading blocs is accelerating.
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