A letter of intent to acquire Puna Lithium Corporation ("Puna") has been signed by Li3 Energy, Inc. Puna has the opportunity to acquire up to an aggregate eighty percent (80%) interest in 123,000 acres of prime Chilean salar ground located across 9 Chilean salars, including the producing Salar de Atacama where Sociedad de Chile SC has production facilities. Added to that, Puna also has an option to obtain up to eighty five percent (85%) of 90,000 acres of salar property in Argentina, in the Centenario, Rincon, Pocitos and Cauchari salars.
Luis Saenz, Chief Executive Officer of Li3 Energy, stated: "We are extremely excited by the addition of these two substantial land packages complementing our acquisition in Big Smoky Valley, Nevada announced last week. This transaction now positions Li3 as a major strategic landholder in the Puna Plateau, which contains the largest concentrations of lithium brines in the world and is the host to over 70% of the world's lithium reserves and production.”
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About Li3 Energy, Inc.
Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina and Chile. Li3 Energy aims to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives being implemented globally.
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