In December 2021, Rio Tinto acquired the Rincon lithium project in Argentina for US$825 million. Rincon project has 11.8 million tonnes LCE resource with average grade of 367 mg/L. This means Rincon resource is 30% smaller than Phoenix Lithium. Also the project in Salton Sea, California should enjoy 25% to 30% premium compared to a project in Argentina. [After acquiring Rincon project Rio committed to invest $190 million to build a 5,000 tonne starter using DLE technology.]
Any take on this?
- Forums
- IPOs
- Phoenix Water - PXW - Lithium - 100x
Phoenix Water - PXW - Lithium - 100x, page-721
-
- There are more pages in this discussion • 1,223 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online