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AMRZF (Arena Minerals Inc.) is no longer actively trading.
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Arena Minerals Inc. is an exploration company focused on the acquisition, development, and prospecting of copper and lithium mineral assets across South America. The company fully owns the Antofalla lithium brine projects, an asset spanning 4,000 hectares within Argentina's Salar de Antofalla. It also holds a complete stake in the Sal de la Puna lithium project, comprising approximately 11,000 hectares situated in the Puna region of Argentina's Salta province. Additionally, Arena Minerals has an interest in the Atacama copper project in Chile, which includes the Pampa Union property…
Lithium chemical spot prices were significantly lower and spodumene spot prices were lower the past month. Lithium market news - Surge in Chinese lithium prices turned into rapid retreat. EU Commission proposes 10% of their critical raw materials supply to be mined in Europe by 2030.
Lithium chemical prices were significantly lower and spodumene prices were roughly flat over the past month. Lithium market news - GM invests US$650m into Lithium Americas. Tesla is considering a bid for battery metals miner. Rio Tinto battles high-bidding carmakers in hunt for lithium deals.
(Kitco News) - Last month Lithium Americas announced it was splitting into two companies with one focused on North American operations and the other on South American assets.
Lithium Americas Corp (TSX:LAC, NYSE:LAC) announced that it has agreed to acquire all of the issued and outstanding common shares of Arena Minerals Inc that it does not already own in an all-stock transaction valued at C$311 million. The lithium projects developer said shareholders of Arena Minerals will receive 0.0226 of a Lithium Americas common share for each Arena share held, which would result in Arena investors owning about 5.7% of Lithium Americas.
Arena Minerals is currently working to develop its flagship lithium asset, the Sal de la Puna project, which is making strong progress toward commercialization. Arena Minerals plans to produce lithium chloride, a precursor material for battery-bound lithium carbonate, in an effort to lower costs and operation risk.