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LITHIUM'S LEADING LIGHT: ARGENTINA PAVES THE WAY FOR A GREENER FUTURE

ENERGY FROM EXPERIENCE

In the ambition to achieve a cleaner, greener future, the globe's demand for eco-friendly energy solutions is escalating. Leading the charge is Argentina Lithium & Energy Corp. (TSX-V: LIT, OTC:PNXLF, FSE:OAY2), who believes in nurturing this vision by exploring alternative fuel materials. Lithium batteries, leading the charge as the premier rechargeable energy storage systems, are witnessing an upsurge in demand, particularly from the burgeoning electric vehicle industry. This anticipates a bullish demand forecast for lithium. Nestled within the prolific Lithium Triangle lies Argentina, host to a considerable tranche of the world's lithium resources. Argentina Lithium & Energy Corp., a proud member of the lauded resource management team, the Grosso Group, has been at the forefront of the mineral exploration sector in Argentina since its inception in 1993. The group's illustrious legacy includes the discovery of four notable metal deposits and the expansion of its purview to alternative fuels in the mid-2000s. Monitoring the lithium battery sector closely, the Grosso Group discerns that the moment is ripe for augmenting lithium resource development in Argentina's Lithium Triangle. The aggregation of vast networks of local, regional, and international contacts furnishes the exploration team with unparalleled support in questing for premium resource prospects.

FAST FACTS ABOUT ARGENTINA'S LITHIUM PROSPECTS

Argentina's niche in the Lithium Triangle stands out, with approximately half of the world's lithium produced here and 60% of known reserves housed in this region. The country's lithium production contributes to nearly 10% of the globe’s total output, thereby marking its position as one of the top five global producers as of 2020. With its government injecting enthusiasm into renewable energy initiatives, Argentina Lithium & Energy Corp. is steadfast in its belief that the fusion of rich geologic potential with an encouraging demand climate bespeaks the readiness for new lithium resource discovery and progression within Argentina.

MAJOR ARGENTINA LITHIUM DEAL HIGHLIGHTS INCREASING DEMAND FROM EV MANUFACTURERS

The global scramble for lithium, impelled by the electric vehicle (EV) sector's demand spike, has strategically positioned Argentina on the cleaner energy transition's playing field. A significant impetus to Argentina's growing prominence in lithium production comes from Argentina Lithium & Energy Corp.'s landmark deal with Stellantis N.V.—a major global automaker. The ambitious venture sees an investment of US$90 million in ARS$ peso equivalent by Stellantis N.V., signifying an astute strategy to ensure possible lithium supplies. Critical for EV batteries, this move manifests a cornerstone off-take agreement that entitles Peugeot Citroen Argentina S.A., a Stellantis N.V. subsidiary, to acquire up to 15,000 tonnes of prospective lithium production annually for a seven-year term from Argentina Lithium & Energy’s subsidiary, with an option for extension. Crucially, this proposition also confers Stellantis a 19.9% stake in the Argentine subsidiary, indicating a robust alliance. Miles Rideout, Vice President of Exploration for Argentina Lithium & Energy, remarks on the investment, highlighting the proactive approach taken by the automotive industry in anticipation of their immense lithium requirements. With ample expertise in South American exploration ventures, Rideout assures a swift progression from exploration to resource assessment, prioritizing efficiency over fundraising concerns.

A TRANSFORMATIVE YEAR FOR ARGENTINA LITHIUM & ENERGY

Nikolaos Cacos, CEO of Argentina Lithium, presages 2024 as a year of transformation, noting the company's strategic positioning through the acquisition of some of the Lithium Triangle's most promising properties. With four key projects spanning over 67,000 hectares, each presents unique prospects: 1. The Rincon West Project, adjoining Rio Tinto’s notable Rincon lithium project, encompasses over 5,000 hectares. 2. The sprawling Antofalla North Project lays claim to over 10,000 hectares of mining land. 3. The Pocitos Project, a vastly unexplored area yielding historic lithium values. 4. The Incahuasi Project, where preliminary geophysical, sampling, and drilling programs have been executed. Cacos elaborates on the Stellantis investment that assuredly finances a considerable portion of the upcoming exploration endeavors. The resulting exploration is poised to define a potential resource and enter initial engineering study phases at flagship sites, all while preserving shareholder value. Mining analyst Alina Islam from Red Cloud Securities underscores the investment as a vote of confidence for Argentina Lithium’s capabilities and the overall lithium market outlook. Such partnerships are pivotal in achieving decarbonization targets set by various governments across the globe.

ACCELERATED EXPLORATION PLANS AND GLOBAL LITHIUM DEMAND

Propelled by the Stellantis infusion, Argentina Lithium & Energy has expedited exploration targets for 2024. Their ambitious drilling plans for the promising Antofalla North project are set to fast-track resource delineation right behind their flagship Rincon West project. Expanded explorative initiatives also encompass the company’s Pocitos and Incahuasi projects. World lithium production stood at 540,000 metric tons in 2021, with predictions of a staggering increase in global demand to over 3 million metric tons by 2030, according to the World Economic Forum and as reported by CNBC. With EV sales anticipated to climb exponentially, a potential lithium scarcity looms. The Lithium South America seminar drew attention to Argentina's significant industry role. With the world's second-largest lithium reserves, the country is poised for an augmented lithium output geared to meet the voracious demands of the EV revolution. In concert with the supportive stance of the new president, Javier Milei, Argentina’s lithium sector is garnering momentum. Argentina Lithium & Energy Corp., with its established pedigree and tactical plans, is thus optimally positioned to harness the surging global lithium demand.