Strategic mineral miningwith strong and increasing demand
The goal of HTX Energy is to bring lithium projects in Argentina and the South Americas into production. As the largest new brine operation in more than 20 years, Cauchar-Olaroz is moving closer to first production in Argentina, while Pastos Grandes, which is close by, signifies regional expansion. Sustainably developing future sources of high-quality lithium chemicals to fuel the global transition to a low-carbon economy.
Argentina’s mining industry, especially its lithium mining industry, is still undeveloped. It only started in earnest in the 1990s. The mining industry also required revamping of Argentina’s work and labor laws to make the work environment safer for potential mining workers. Since the 90s, employers have taken these implementations seriously and are working their way to employing more of Argentina’s workforce. With the importance of lithium in modern times, there is a high probability that the Argentine mining industry will expand as lithium becomes more important in everyday life.
Argentina’s lithium resources are vital to its economy and the global supply chain. Its lithium production accounts for 16% of the overall global lithium production. Argentina’s mining industry only accounts for 0.6% of the Gross Domestic Product (GDP) while the government hopes to increase its contribution to at least 3% in the coming years. An increased contribution by the mining industry is well on its way as Posco begins operations in lithium mining in Argentina.
The goal of HTX Energy is to bring lithium projects in Argentina and the South Americas into production. As the largest new brine operation in more than 20 years, Cauchar-Olaroz is moving closer to first production in Argentina, while Pastos Grandes, which is close by, signifies regional expansion. Sustainably developing future sources of high-quality lithium chemicals to fuel the global transition to a low-carbon economy.
HTX Energy' expanding staff reflects the variety of the communities where we will be operating as a result of international projects moving into production. Our most valuable resource is our workforce. We encourage diversity, equity, and inclusion and understand how critical it is to create a welcoming workplace that emphasizes a feeling of community. Through partnerships and outside efforts, we are dedicated to furthering diversity initiatives outside the workplace. We have joined the largest CEO-driven business commitment to promote measurable action and significant change in promoting diversity, equity, and inclusion in the workplace, the coalition for CEO action on diversity and inclusion.
Building strong relationships with the local communities in every area where we operate and creating shared value is a priority for HTX Energy. At Caucharí-Olaroz, a Social Responsibility Plan was developed to incorporate best practices to minimize the impact of its operations on local communities and the environment. The company entered into agreements with aboriginal communities located proximate to Caucharí-Olaroz that aim to promote social development through high quality job creation, training, access to medical assistance and other infrastructure.
Caucharí-Olaroz is expected to be the next low-cost brine lithium carbonate project in Argentina. Pastos Grandes is located in Argentina’s lithium triangle in proximity to Caucharí-Olaroz, representing regional growth opportunity for Lithium Americas
North-west Argentina's Jujuy Province is home to Cauchari-Olaroz. The Project is located near the Olaroz facility of Orocobre Ltd., which has been in operation since 2015, in the Salar de Olaroz and Salar de Cauchari. Major paved highways, a national and international rail link that connects to the port of Antofagasta in Chile, a high-voltage electricity system, and a gas pipeline are just a few of the neighboring amenities that Cauchari-Olaroz can take advantage of.
There are two separate processes in the manufacturing process, which is generally compatible with other well-known brine operations. In the first phase, lithium is concentrated in the brine by a solar evaporation process, and competing salts are precipitated in huge ponds. The ponds at Cauchari-Olaroz are based on the pond design standards employed by SQM in their current Atacama operation, and they utilise shallow ponds with an annual harvest of precipitated salt from the flat pond base. The second phase makes use of the processing equipment to convert the concentrated lithium brine into battery-grade lithium carbonate while making sure that the finished product is impurity-free.
The Pastos Grandes lithium project, situated in Salta, Argentina, currently encompasses more than 12,619 hectares of the Salar de Pastos Grandes. The project's previous owner, Millennial Lithium, committed approximately C$40 million to explore and develop it until being purchased by Lithium Americas in December 2021. This resulted in a Feasibility Study in 2019.
Exploration and development work included 22 exploration/monitoring wells, 4 pumping test production wells, pilot ponds, a pilot plant as well as a year-round camp supported by a hybrid solar power system.An Environmental Impact Assessment-Exploitation for construction and operation of a 24,000 tonne per year battery-quality lithium carbonate production facility was approved in June 2020, and a Declaracion de Impacto Ambiental (DIA) from the Environmental and Mining Authority in Salta Province, Argentina was issued.
Our projects are guaranteed to have a longer life, lower cost for operation and still produce the highest quality products on the market. Our growth strategy makes us well positioned for sucess and we try to provide detailed company information to our shareholders on a regular basis.
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Researchers show that lithium ions in a specific polymer casing can create an extremely fast charging battery and longer life.
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Argentina's governing lithium heads gathered recently in Buenos Aires to discuss a plan where the country would promote adding value to the extracting activity.
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HTX Energy intends to launch a lithium exploration project by the end of this year under a plan to become one of Argentina’s top suppliers of lithium.
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HTX Energy has decided to end the year with some community outreach to provide some donations for a local children's charity.
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The Argentina and Latin America Lithium Summit will take place on the 28th-29th of November in Buenos Aires featuring Argentina’s leading lithium players.
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Topics like sustainability and creating least amount of impact when gathering are resources are very important to organisations such as HTX Energy.
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In the remote northern province of Salta, Argentina, machinery pumping salt-water brine to extract lithium is a common sight.
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The HTX research team is exploring new extraction processes that could lead to a 2.3% increase in production.
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Recent years have seen a surge in the metal lithium, coveted for its ability to make batteries for electric vehicles.
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The Argentinian government has set an official reference price for exports of lithium carbonate, intending to increase transparency in the sector.
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HTX Energy is the owner of new multiple early stage lithium projects in Argentina’s lithium triangle.
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The Argentine government will be introducing new incentives to grow the Lithium mining sector over the next decade.
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HTX Energy acquisitions team recently applied to bid for an upcoming available lithium mining project location situated in the Lithium Triangle in Argentina, South America.
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Av. del Libertador 2442, B1636 Olivos, Provincia de Buenos Aires, Argentina
(+54) 115 254 1395
contact@htxenergy.com