trending Market Intelligence /marketintelligence/en/news-insights/trending/r0hdeipu9pxfbb6wlronsa2 content esgSubNav
In This List

Dark Horse secures option to acquire San Jorge lithium project

Video

According to Market Intelligence, December 2022

Blog

Global Clean Action Energy Forum

Video

Insight Monthly, October 2022

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Dark Horse secures option to acquire San Jorge lithium project

Dark Horse Resources Ltd. secured an option to acquire the San Jorge lithium brine project, which covers 15 granted exploration licenses over 36,600 hectares, in Argentina's Catamarca province.

The Australia-listed explorer will pay US$4.5 million in staged payments over five years and make annual exploration commitments totaling about US$3.0 million to acquire an initial 95% interest the property.

Dark Horse has the option to acquire the final 5% stake for US$1.5 million or allow the owner to hold a 5% free-carried interest.

The company will immediately begin exploration with a surface sampling program to understand the salar's initial chemistry. A geophysics study, designed to define drilling targets, will be carried out.

In June, Dark Horse completed the first-stage renegotiation of the option deal for the acquisition of the Las Tapias lithium project in Argentina.