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Argentina Lithium & Energy ( (TSE:LIT) ) just unveiled an announcement.
Argentina Lithium & Energy has signed a non-binding memorandum of understanding with Xi’an Lanshen New Material Technology to deploy Lanshen’s direct lithium extraction technology and engineering expertise at the Rincon West Lithium Brine Project, targeting a feasibility study for a 5,000-tonnes-per-year battery-grade lithium carbonate plant with potential expansion to 15,000–20,000 tonnes annually. The collaboration, which includes a progressive earn-in for Lanshen into ALESA and plans for a definitive agreement covering technology exclusivity, governance and financing, is intended to accelerate development timelines, reduce technical risk and position Rincon West as a next-generation, cleaner, more efficient lithium project, further strengthening Argentina Lithium’s strategic positioning alongside its existing partnership with Stellantis in a highly competitive brine jurisdiction.
Spark’s Take on TSE:LIT Stock
According to Spark, TipRanks’ AI Analyst, TSE:LIT is a Underperform.
The overall stock score reflects severe financial challenges, with no revenue generation and negative cash flows. Technical indicators are bearish, suggesting a lack of positive momentum. The valuation is poor due to negative earnings. However, a positive corporate event regarding lithium brine findings offers potential upside if leveraged effectively.
To see Spark’s full report on TSE:LIT stock, click here.
More about Argentina Lithium & Energy
Argentina Lithium & Energy Corp. is a lithium exploration and development company focused on brine projects in Argentina’s Lithium Triangle, with its flagship Rincon West Lithium Brine Project located in Salta Province near Rio Tinto’s Rincon operation. Through its subsidiary Argentina Litio y Energia S.A. (ALESA), the company aims to advance battery-grade lithium carbonate production to supply the global electric vehicle and energy storage markets, supported by a strategic investment and offtake agreement with Stellantis N.V.
Average Trading Volume: 113,751
Technical Sentiment Signal: Hold
Current Market Cap: C$15.13M
Find detailed analytics on LIT stock on TipRanks’ Stock Analysis page.