During evaporation, certain salts would be crystallized to generate a lithium solution for lithium carbonate precipitation. TSX Venture Exchange Symbol: AAL VANCOUVER, Feb. 18, 2020 /CNW/ - ADVANTAGE LITHIUM CORP. (TSXV: AAL) (OTCQX: AVLIF) ("Advantage") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Orocobre Limited (TSX: ORL) ("Orocobre") pursuant to which Orocobre will, subject to the terms and conditions of the Arrangement Agreement, … Whilst current global events present some challenges, the fundamentals of the lithium industry into the future remain strong and Advantage shareholders will now be able to participate in this directly.“The completion of this transaction delivers Orocobre an unparalleled land holding and resource position which will be the base for future growth,” he said. Shares of Advantage Lithium will be delisted April 21. Global Mining Symposium features interview with Franco-Nevada’s Paul BrinkThe Northern Miner Podcast – episode 202: Rio Tinto responds and Global Mining Symposium opening remarks, ft. group publisher Anthony VaccaroPremier Gold provides Getchell resource update ahead of project acquisitionBarrick takes dispute over Porgera mining rights to PNG Supreme CourtScorpio Gold options Mineral Ridge property to Titan Mining for $35MGlobal gold production growth will average 2.5% annually from 2020-2029AngloGold, Barrick to sell 80% of Morila mine in MaliUnigold upgrades resource, launches $5M exploration program at CandelonesEcuador court rejects INV Metals’ referendum request on Loma LargaGFG Resources to drill high-grade gold targets at PenNew management brings ‘modern thinking’ to environmentally-challenged Bunker Hill MineOrocobre’s Olaroz lithium operation with the Stage 2 expansion in progress, as seen in June 2019. Credit: Oocobre.on "Orocobre to acquire Advantage Lithium in all-share deal" To learn more, click Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. So I wanted to give you the opportunity to come on and, hopefully, talk to everybody about the benefits of the deal and how you were able to put it together. Under the terms of the Arrangement, Advantage shareholders have now received 0.142 shares of Orocobre for each Advantage share held. Credit: Advantage LithiumOrocobre’s Olaroz — the newest brine-based global lithium carbonate supplier in more than two decades — has a mine life of more than 40 years based on measured and indicated resources of 6.4 million tonnes of lithium carbonate equivalent contained in the Salar de Olaroz brine, which contains high concentrations of lithium and potash brine.A prefeasibility study on Cauchari in October 2019 outlined an operation producing 25,000 tonnes per year of battery-grade lithium carbonate over a 30-year mine life.Preproduction capital was estimated at US$446 million, including a 20% contingency. This solution would then be polished to remove metals before being recrystallized to make a battery-grade product.Advantage Lithium started exploration work at Cauchari in 2017.According to the prefeasibility study, Cauchari could start as early as 2022 with a three-year ramp up to a steady production rate of 25,000 tonnes per year of battery grade lithium carbonate,In addition to its 75% ownership stake in the Cauchari project, Advantage Lithium has three lithium exploration properties in Argentina — Antofalla, Incahuahsi, and Guayatayoc.Guayatoayoc is 80 km east of Cauchari; Incahuasi is 250 km from the port of Antofagasta; and Antofalla is on the northern tip of the Antofalla salar, about 80 km from a railhead.Orocobre’s Olaroz lithium facility recently achieved record half-year production of 6,679 tonnes as lithium brine feedstock concentration and the production process achieved improved stability. If you have ideas for how we can improve our services, we’d love to hear from you. The headline reads, "Advantage Lithium and Orocobre to Create Argentina's Premier Lithium Explorer," and I got to say, there's a lot to like in the deal here. Orocobre … Inferred resources add 1.5 million tonnes LCE at 473 milligrams per litre lithium.The processing design involves pumping the lithium-rich brine to surface and diversion to ponds for solar evaporation. “With this deal Advantage Lithium shareholders are receiving quality paper from an established lithium producer at a time when lithium prices appear to have bottomed, allowing them to maintain exposure to an expected improvement in lithium prices.”Advantage Lithium’s Cauchari lithium property in Argentina. Steady-state operating costs are forecast at US$3,560 per tonne battery-grade lithium carbonate.Based on a weighted average price of US$12,166 per tonne battery-grade lithium carbonate over the life of the operation, the study estimated a US$671-million base case, after-tax net present value at an 8% discount rate, with a 20.9% internal rate of return.The study was prepared by Worley, Chile S.A., and outlined proven and probable reserves of 1.02 million tonnes of lithium carbonate equivalent (LCE) at a concentration of 480 milligrams per litre lithium.The reserves were based on a measured and indicated resource released in March 2019 of 4.8 million tonnes of LCE at 476 milligrams per litre lithium. Orocobre owns 25% of the Cauchari project and Advantage Lithium 75%, and the lithium project is just 20 km south of Orocobre’s Olaroz lithium facility, which entered production in 2015.So it’s not surprising that Orocobre and Advantage Lithium have signed an agreement under which Orocobre will acquire all of the shares in Advantage Lithium it doesn’t already own.Under the all-share deal, Advantage Lithium’s shareholders will receive 0.142 common share of Orocobre for each share in Advantage Lithium they own. BRISBANE, Australia, April 17, 2020 (GLOBE NEWSWIRE) -- Orocobre Limited Under the terms of the Arrangement, Advantage shareholders have now received 0.142 shares of Orocobre for each Advantage share held.Orocobre has now issued approximately 15.1 million shares, increasing its total issued shares by 5.8%. Orocobre shareholders will gain exposure to the 4.8 million tonnes (Mt) of Measured and Indicated Resources and 1.5 Mt of Inferred Resources (expressed as lithium carbonate equivalent) at Cauchari developed by the Advantage and Orocobre joint venture as detailed in the Orocobre …