Neo Lithium Corp (CVE:NLC) (OTCMKTS:NTTHF), the Argentinean-focused lithium explorer, informed shareholders on Tuesday that the company’s executive team met with one of Argentina’s leading presidential candidates earlier in the week.
The junior company participated in a meeting with Alberto Fernandez, who is in the running to become the South American country’s next president.
The purpose of the meeting was for Fernandez to establish dialogue with industry leaders in the country and address questions related to his party’s stance on mining and exploration in Argentina.
READ: Neo Lithium discovers further high-grade lithium at greater depths at 3Q brine project in Argentina
A lawyer by background, Fernandez is running on a bill with former president Cristina Fernandez de Kirchner as his vice president. Current Argentine president Mauricio Macri is also running for re-election.
Neo Lithium told investors that Fernandez made it “abundantly clear” that his government will support the growth of the mining sector and promote more foreign and domestic investment into the country’s natural resources sectors.
According to Neo Lithium, Fernandez is looking to increase exports and reduce Argentina’s international borrowings. The presidential candidate also said that his priorities include a ten-year growth plan for the lithium sector.
Calling it a “great opportunity” for Neo Lithium to discuss Fernandez’s views of the future of Argentina's economy, CEO Waldo Perez said that the candidate assured that he would address any shareholder concerns.
"I am pleased to see both leading presidential candidates putting great emphasis on the importance of key industries for the prosperity of the country and its steady economic growth in the future,” Perez said in a statement.
Toronto-based Neo Lithium is advancing the 3Q lithium brine project, located in Argentina’s renowned “lithium triangle.”
General elections in Argentina will take place on October 27.
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