- Business
- Lithium Energi Exploration Inc. (TSXV:LEXI, OTC:LXENF) is a Canada-based exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina's Lithium Triangle. Incorporated in 1998 and headquartered at 161 Bay Street, Toronto, Ontario, the company holds approximately 72,000 hectares across four key projects in Catamarca province, including the flagship Antofalla Norte (16,000 hectares wholly owned), Antofalla Sur, Trila JV, and Hombre Muerto Norte; these properties, adjacent to operations by Albemarle, Livent, Posco, and Allkem, comprise 57,000 wholly-owned hectares plus a 20% interest in Triangle Lithium Argentina S.A. for an additional 15,000 hectares, targeting high-quality brine resources in the Antofalla and Hombre Muerto salars. The company conducts geophysical surveys, magnetotelluric resistivity, transient electromagnetic studies, and exploration drilling to evaluate lithium potential for the green energy sector, serving global battery supply chains for electric vehicles and renewable storage. Recent developments include commencement of a strategic review in response to multiple acquirer interests, evaluating mergers, asset sales, or equity transactions with a special committee and investment bank; initiation of geophysical exploration and drilling campaigns at Antofalla South and Antofalla North projects; and board appointments of Dr. Rebecca Paisley for technical expertise and Thomas Lefebvre for financial leadership.