Ensorcia to Acquire Argentina Wildcats, Expanding Lithium Holdings
Ensorcia Group has entered into an agreement to acquire Argentina Wildcats LLC (AW), which holds interests in the former LEXI lithium property in Argentina. The acquisition will expand Ensorcia's existing holdings by approximately 50,000 hectares, bringing its total land area under control in Argentina to around 67,000 hectares. The deal includes a binding letter of intent with cash and contingent consideration, pending legal review and customary closing conditions. The former LEXI property will be integrated into Ensorcia's Katal 1 development program using International Battery Metals' (IBAT) direct lithium extraction technology under an exclusive license in Argentina. Daniel Layton, Chairman of Ensorcia Group, emphasized the strategic importance of this acquisition for advancing their resource base and accelerating commercial production. The move aligns with Ensorcia's broader strategy to expand its presence in South America’s lithium market.
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Topics: Direct Lithium Extraction (DLE) Lithium Mining Acquisition Resource Expansion