In 2020 I heard that LAC was partnered up with Ganfeng and I jumped in immediately, there was no way I wasn’t getting on the Ganfeng boat!
In 2020, I was actively looking for other lithium plays and saw that CATL was going to buy up 8% in NLC and I immediately jumped in!
Ask me if I regretted those trades!? Hell No! All I regret is not being rich enough to have the appropriate capital to invest in order to make millions on them, but I did make some sick money none the less and I’m happy I jumped in and had the patience to wait!
Now once again, we as retail investors have a strategic play; Arena Minerals has teamed up with Ganfeng lithium and Lithium Americas Corp. Why wouldn’t LAC be involved when Millennial lithium shares the same basin as Arena. Best part of it all, Ganfeng and LAC have invested interest in making this go to production because of Arena’s 19,000 hectares, their proprietary technology and brine quality 533mg/l with depths open below 600 metres increasing in quality grades.
Ganfeng is the worlds largest producers of lithium worldwide and must hold onto that title and LAC could strategically use as much lithium as possible with strategic investments, here’s the kicker though CEO Morales has more than 40 years experience (more on him below) has a proprietary technique that can use conventional ponds and bring production up a staggering >30% output.
This is just the beginning as only 6.3% of the land has been surveyed, we’re at the beginning phases of a big player in the name of Arena.
The Basin is shared by PetroPlus which was once LSC Lithium to the north and Arena is bordering Millennial Lithium corp which was acquired by LAC. We can easily see Ganfeng and LAC’s team up here in this basin,it just adds to the importance of building up Arena!
Let us go over some simple facts:
- Strategic partnership with Ganfeng Lithium 35% ownership of Sal de la Puna!
(“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that the Company has received written confirmation from GFL International Co., Ltd a 100% subsidiary of Ganfeng Lithium Co. (collectively “Ganfeng”) that Ganfeng is exercising its previously announced project participation right to acquire a 35% interest in the Sal de la Puna lithium brine project (“SDLP” or the “Project). Arena announced on March 29, 2021 that it has entered a binding memorandum of understanding with LITH-ARG Acquisition LLC to acquire 100% of SDLP which covers 11,000 hectares of the Pastos Grandes basin in Argentina. Ganfeng will acquire 35% of SDLP by funding USD $7,789,055 of the acquisition cost of the Sal de la Puna Project acquisition.
Ganfeng has also elected to exercise its right to appoint a member to the Board of Directors of Arena. Ganfeng has nominated Mr. Sam Pigott to join the Board. Mr. Pigott is currently Head of Business Development, North America for Ganfeng Lithium.
- Ganfeng Strategic ownership of 19.9% of Arena!
Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that further to its previously announced non-brokered private placement of subscription receipts (the “Subscription Receipts“) at a price of $0.14 per Subscription Receipt for gross proceeds of up to $10,000,000 (the “Offering“), the Company has received written confirmation from Ganfeng Lithium Co., Ltd (“Ganfeng Lithium”) of its intention to exercise its equity participation right and maintain its 19.9% shareholding by subscribing to $3.735 million of Subscription Receipts in the Offering (please refer to press release dated July 12, 2021). Ganfeng’s participation is subject to obtaining Chinese regulatory approvals.
William Randall, President and Chief Executive Officer of Arena, commented: “This funding by Ganfeng shows the continued support by one of the lithium industry’s leaders. Having closed the landmark Sal de la Puna acquisition, we now have the funds to fast-track our lithium projects.”
- Major equity investment from Lithium Americas Corp. (LAC)!
Lithium Americas Corp. (“Lithium Americas” or “LAC”) will be acquiring $6 million of Subscription Receipts in the Offering. Under LAC’s subscription agreement with Arena, and provided it holds at least 7.5% of Arena’s common shares, LAC has been granted the right (i) to participate in future Arena financings to maintain its percentage ownership interest in Arena; and (ii) to appoint a nominee to the Arena board of directors as long as it holds at least 10% of Arena’s common shares.
- Resource expansion
October 28, 2021 Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that the Board of Sal de la Puna Holdings Ltd. has approved a comprehensive development work program for the Sal de la Puna Project. Sal de la Puna Holdings owns 100% interest in the Sal de la … Continue reading
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- Arena shares the same basin as Millennial lithium and only 6.3% of the land was surveyed indicating maiden 560,00 tonnes of LCE, this basin was also part of LSC which was picked up by PetroPlus in 2019.
Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce results of the maiden Mineral Resource Estimate (“MRE”) conducted on its Sal de la Puna Project (“SDLP Project”) located in the Pastos Grandes basin within Salta province, Argentina. The MRE was completed by Hydrominex Geoscience (Australia) and Tuareg Geological Services … Continue reading
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“Work is fully permitted and set to commence immediately”!
- Proprietary brine technology using conventional methods increasing output by greater than 30%!
- Fast track to production lowering costs!
- Pumping tests completed in 2019 averaged 533 mg/l Li
- Lithium bearing brine starts at 140m below surface and remains open below 600m
- Grades and lithologies compare favourably with Litica and Millennial results
- Clastic sediments thickening towards the southern portion of the basin
- Grades increasing with depth
- Arena’s lithium brine assets cover a total of 19,000 hectares in the heart of the lithium triangle, responsible for most of the worlds lithium carbonate production.
We havent even spoke about what Mr Morales has accomplished in his years in the lithium industry:
►The pioneer of the lithium brine industry with nearly 40 years of experience ►Produced the world’s first commercial battery grade lithium carbonate ►Built and operated the Salar de Atacama mine, one of the world’s largest
lithium brine operations
►President of Rockwood Lithium Latin America – sold to Albemarle
Corporation for US$6.2 billion in 2014
►Subsequently appointed Chief Operating Officer of Lithium-X Energy Corp.
in 2016; Lithium-X was acquired less than 2 years later
The whole management team has excellent credentials and should be taken in consideration.
Look I can go on and on but there’s a reason why you have the Ganfeng involvement here and a strategic team up with Lithium Americas Corp but there’s no reason too.
I see Arena Minerals as a walk in the park for investors, the thing is there’s so many lithium plays out there at the moment its hard to focus on the right ones.
I own shares in Arena Lithium absolutely and my goal is to state the facts and how I see plays, I will now refer you to Arenas latest Corporate presentation November 2021! I highly advise you to get comfortable sit back relax and read it all!
From my standpoint, with big players like Ganfeng, LAC, Mr Morales proven experience all wrapped up in Arena, a brine project in a well established basin with lithium averaging 533mg/l in 2019, with lithium starting at 140 metres below surface with basin depths remaining open below 600 metres increasing in lithium grades, with over 19,000 hectares of lithium brine assets with the potential of increasing resources in my opinion makes this a highly valuable company!
I believe the risk is minimal with Arena, they have cash and they have assets and strategic partnerships with proprietary technology that will benefit Ganfeng and LAC.
I strongly state that you should do your own due diligence when investing as this article is based on my own way of looking at things, its my opinion.
As our Motto states: Research Prepare plan Execute (Please do your research, Prepare a well balanced portfolio, plan your investment moves and Execute accordingly)…Stay Strong – no emotional plays!
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By Aidan Lock
Commentary writer for Betweenplays Stockmarket&Sports Blog.