Of note, Borax Argentina also owns the tenure on all or parts of the lithium projects being progressed by other lithium exploration companies, including Lithium Americas Corporation Ltd. (TSX:LAC) at Salar de Cauchari, Rodinia Lithium Ltd. (TSX-V:RM) at Diablillos, and Galaxy Resources Ltd (ASX:GXY) at Sal de Vida (formerly Lithium One’s project). As one of the conditions to extract brines, these companies are required to make payments to Borax Argentina either as fixed annual payments or a royalty related to production.
GXY Price at posting:
5.4¢ Sentiment: None Disclosure: Held