Recent $POR agreement covers 27,000ha Portofino Resources' ($POR.V $PFFOF) recently executed agreement with Recursos Energeticos Y Mineros De Salta (REMSA) is quite unique as it provides $POR with multi-lithium project diversification and exposure to world class lithium brine salars in Salta.
The agreement is a MOU that provides Portofino with an option to earn a majority interest in multiple mining concessions that REMSA maintains.
Covering more than 27,000ha, the properties are located in the Argentine Lithium Triangle:
1. Hombre Muerto Norte (3,028ha)
2. Pastos Grandes (3,489ha)
3. Arizaro (19,111ha)
4. Incahuasi (722ha)
5. Rio Grande and Salinas Grandes (1060ha)
Notably, $POR may exercise its option to form a JV to advance to the next stages of exploration and development and $POR has a preferential right to option any new areas obtained by REMSA.
https://ca.finance.yahoo.com/news/portofino-executes-agreement-regarding-multiple-183600356.html