Governor Raúl Jalil met this Wednesday with Gerardo Romero Agüero, President of Lithium Energy Argentina (LEA), and José Velasco, representative of the investment fund Arena Investors, to discuss the progress and development of their lithium project in Antofagasta de la Sierra.

Backed by Arena Investors, the project’s main shareholder, Lithium Energy has completed its third drilling campaign in the Antofalla salt flat, yielding what Romero Agüero described as “excellent results.”

The company’s goal is to continue studies and technical work in the explored area and begin construction of a lithium carbonate plant within the next two to three years. The facility is expected to require an investment of approximately USD 300 million.

Following the meeting, José Velasco stated:

“We expressed to the Governor our interest in continuing to invest in the region because we are confident in its long-term lithium production potential.”

He also highlighted Arena’s broader commitment to the entire renewable energy supply chain:

“As a fund, we are involved not only in exploration, but also in lithium battery production and other stages of the renewable value chain,” he added.