Advantage Lithium cashes up, before closing Orocobre deal

Advantage Lithium (TSXV: AAL) is turning its focus to Argentina in a race to start producing lithium, as lithium demand and prices steadily rise. The junior — which has five lithium brine projects in Nevada — recently closed a $20 million financing ahead of finalizing an enviable partnership with lithium producer Orocobre (TSX: ORL), which could put it in the fast lane to production. … The Orocobre deal – set to close by March 31 – will provide Advantage Lithium up to 75% of Orocobre’s Cauchari advanced exploration project in Argentina’s northwestern province of Jujuy, plus a 100% interest in five other exploration projects, including Antofalla, Incahuasi and Guayatoyoc. The six assets cover 855.4 km² of the country’s lithium triangle. Read the complete  story at The Northern Miner.