Pam Signs Formal Documentation to Acquire 100% Interest in 1,200 km2 Tama Atacama Lithium Brine Project
Today, Pam signed formal documentation in a historic purchase agreement to acquire a 100% interest in the Tama Atacama Lithium Brine Project located in the Antofagasta region of Chile. The project encompasses an area of 1,200km2 and is seen as an important source of high-grade lithium brine.
The Tama-Atacama Project is located within the Cerro Blanco Stratigraphic Unit and represents one of the largest area of potential lithium-bearing brines in Chile. Initial studies and sampling have indicated the presence of high-grade lithium brine over a wide area and the potential for large-scale extraction. The project is expected to be put into production within the next three to four years.
This is not the first time that Pam has acquired a lithium brine project. The company has previously acquired lithium brine projects in the area, including the Barita and Pico Nistel lithium brine projects. These projects are expected to be developed in the near future, with Pam, and its partners, looking to start production in the next two to three years to meet the growing demand for lithium-ion battery materials.
With this acquisition, Pam is now well-positioned to become a major player in the global lithium supply chain. The company will be able to supply lithium to numerous sources within the automotive, energy storage, electronics and consumer products industries.
By acquiring the Tama-Atacama projects, Pam is firmly cementing its position as a leader in lithium brine projects in Chile. With a 100% interest in the project, the company is now in the transitional steps towards launching production. In addition to being one of the largest brine projects in the region, the Tama-Atacama Project also has the potential to become a major supplier of lithium products to the global market.
With the acquisition of the Tama-Atacama Project, Pam is now well on its way to becoming one of the world’s foremost suppliers of lithium minerals. The company is set to take a major step forward in the lithium industry and accordingly, become a major supplier to numerous industries that utilize lithium in various forms.