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Lithium Energy Ltd. ( (AU:LEL) ) has shared an announcement.
Lithium Energy Limited has commenced the next phase of drilling at its Solaroz Lithium Brine Project in Argentina, which is fully funded by CNGR Netherlands New Energy Technology B.V. This phase involves drilling three rotary and one diamond hole, totaling approximately 2,000 meters, to further explore lithium brine resources and confirm industrial water availability. The drilling program is part of a strategic move as CNGR Netherlands is set to acquire the remaining interest in Solaroz, potentially impacting the company’s operations and its positioning in the lithium market.
More about Lithium Energy Ltd.
Lithium Energy Limited is a company operating in the lithium industry, focusing on the exploration and development of lithium brine projects. Its primary project is the Solaroz Lithium Brine Project located in Argentina, which is aimed at tapping into the growing demand for lithium, a key component in battery technology.
Technical Sentiment Signal: Sell
Current Market Cap: A$41.44M
For an in-depth examination of LEL stock, go to TipRanks’ Overview page.