Arena Minerals Inc.
AMRZF
Other OTC0.45
USD
- -
- -
Return %
Stock
S&P500
1Y
12.21
26.84
3Y
2,751.59
77.03
5Y
1,090.69
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William Randall
- Sector
- Basic Materials
- Industry
- Copper
- Address
- 120 Adelaide Street West Toronto ON Canada M5H 1T1
- IPO Date
- Jun 15, 2016
- Website
- arenaminerals.com
- Similar Companies
- Business
- Arena Minerals Inc. is a lithium and copper exploration and development company focused on acquiring and advancing mineral properties in South America, primarily Argentina and Chile. Its key assets include the Antofalla lithium brine project consisting of four claims covering 6,000 hectares within the Salar de Antofalla in Catamarca, Argentina, and the Atacama Copper property, which comprises approximately 7,000 hectares in the Antofagasta region of Chile. The company develops proprietary brine processing technology that utilizes lithium-rich reagents derived from its Antofalla project to produce battery-grade lithium products with competitive cost advantages. Arena also holds interests in gold exploration assets, including the Sal de la Puna project in Argentina. Founded in 1995 and headquartered in Toronto, Canada, Arena Minerals has strategically positioned itself in the lithium and copper mining sectors within the Lithium Triangle region. In April 2023, Lithium Americas completed the acquisition of Arena Minerals, acquiring all issued and outstanding shares, with Arena shareholders receiving equity in Lithium Americas and collectively owning about 5.7% of the acquiring company. This acquisition consolidates Arena's Sal de la Puna project in the Pastos Grandes basin of Argentina with Lithium Americas' neighboring assets, facilitating enhanced growth plans and operational synergies within the Argentine lithium brine industry. Prior to the acquisition, Arena had secured $2.8 million in financing led by Ganfeng Lithium, a major lithium producer, which also took a significant strategic stake and board representation in Arena. Additionally, the company divested its Pampa Paciencia gold asset to Astra Exploration Ltd, focusing its operations on lithium and copper projects. Arena Minerals offers products and services including lithium brine extraction and processing for battery-grade lithium carbonate production, copper exploration and development in mineral-rich areas of Chile, and exploration of gold properties. Its proprietary lithium brine processing technique, adapted from Chilean methodologies, emphasizes environmentally and economically optimized production for energy storage markets. The company's business model targets the global lithium battery supply chain and copper markets, serving electric vehicle, technology, and industrial sectors. As part of its recent operational evolution, Arena focuses on enhancing resource quality and reducing technical risks through centralized chemical processing plants to optimize capital efficiency. The company maintains operations primarily in Argentina and Chile, leveraging local expertise and resource access to position as a low-cost supplier of lithium and copper materials to global markets.
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