31,500 Tonnes of lithium carbonate exported from Argentina in 2020
A lithium brine project located at Salta Province in North West Argentina is 85% owned by Futura Lithium Corp. The Argentina Project consists of 14,940 hectare site containing twelve salars and surrounding concessions.
The Argentina project contains 7.4 million tonnes of Measured and Indicated Lithium Carbonate Equivalent (LCE) resource.
Since 2018 over USD$140 million has been invested into the Argentina project through venture capital funding.
Testing and extensive drilling projects conducted by the company’s engineers has reached conclusions that the project can become one of the largest lithium brine operations in Argentina. It is estimated that the twelve salars when operating at full capacity can produce approximately 110,000 tonnes of refined lithium carbonate annually. Salars 1 and 2 will begin production by the 3rd quarter of 2024.
Futura Lithium Corp. are in negotiations with a number of large multinational corporations from South Korea, Japan and the USA to participate in the project with either a joint venture or cash insertion that will give exclusive purchasing rights of the lithium carbonate extracted from the project. Success in reaching an investment with minerals rights would bring the entire project into production by an estimated time of 2025.