Pam Signs Formal Documentation to Acquire 100% Interest in 1,200km2 Tama Atacama Lithium Brine Project
Pam Corporation, a leading mining and exploration company, has signed formal documentation to acquire 100% interest in the Tama Atacama Lithium Brine Project in Chile, covering an area of 1,200sqkm.
The lithium-bearing brines in this project are located in the Tama Atacama Salar in Chile, an area rich in natural mineral resources. Pam Corporation has an exclusive option with the owner of the project to acquire the initial 100% working interest in the project and the full set of rights that go with that.
The lithium-bearing brines within the Tama Atacama Salar have been assessed to have an exploration potential that could potentially give Pam Corporation access to sizeable oil and gas reserves. The company remains confident that its exploration efforts will prove to be successful and create good value for shareholders.
The Tama Atacama project is the second major lithium brine exploration project that Pam Corporation is undertaking, following on from an earlier venture into the Atacama Salt Flats in northern Chile. Pam’s exploration team has also identified opportunities to expand operations at the Tama Atacama Salar, and the company will explore the potential to develop a lithium extraction and production plant to make use of the raw material.
The signing of the formal documentation by Pam Corporation marks a major milestone in its continued development and growth in the mining and exploration space. The company is dedicated to expanding its operations in the important lithium sector and looks forward to developing the resources of the Tama Atacama Salar.
The Tama Atacama Salar is a major resource hub and Pam Corporation looks forward to leveraging its resources and capabilities to the fullest extent in the coming months. The company is confident that the acquisition of the 100% interest in the project will help unlock the full potential of the Tama Atacama Salar and pave the way for a long-term sustainable development program targeting growth in the lithium sector.
