Orocobre Australia Stocks
This article discusses Orocobre, a company that produces lithium carbonate and boron. The company also has a portfolio of exploration tenements. But before you decide to invest, you need to understand the risks involved. You should always weigh your budget against the risk, and use a diversified portfolio to mitigate risks. ORE stocks can provide you with dividends and shareholder voting rights. Moreover, they allow you to vote for the company’s directors and management.
Orocobre is an australia-based exploration company
Orocobre is a mining exploration company based in Brisbane, Australia. It has several exploration projects, including lithium, borax, and copper/gold/silver. It is listed on the Australian Securities Exchange (ASX), and its shares are part of the S&P/ASX 300 index.
Orocobre has an existing lithium project in Argentina, as well as one in Canada. The merger will bring together the two companies’ lithium exploration and development portfolios, as well as their geographical and product diversification. Orocobre operates the Olaroz lithium facility in Argentina, and it owns Borax Argentina and Advantage Lithium. It also has projects in Australia, Argentina, and Canada. CEO Martin Perez de Solay will remain at the helm of both companies.
It produces lithium carbonate
Orocobre, which is listed on the Toronto Stock Exchange and the Australian Securities Exchange, is a leading lithium-potash developer in Argentina’s Puna Lithium Province. It has plans to produce at least 10,000 tonnes per year. The company plans to begin production in the first half of the 2020-21 financial year.
In Argentina, Orocobre is the first new brine-based lithium carbonate producer in nearly two decades. The company’s Olaroz Lithium Facility has been in the planning stages for seven years. After completing the first stage, the company will begin selling lithium carbonate. Eventually, the company’s full production capacity will rise to 42,500 tonnes per year.
It produces boron
Orocobre is a global supplier of lithium carbonate and a leading producer of boron. Its operations include the Olaroz Lithium Facility in Northern Argentina and the production of boron minerals and refined chemicals. The company also owns a 33% stake in Advantage Lithium, a company that is developing a battery-making technology. In 2018, the company expects to produce 14,000 tons of lithium and is planning to reach its full production capacity of seventeen and a half thousand tons by 2020.
In 2012, Orocobre acquired the boron operations of Borax Argentina S.A., a long-established company that produces borax and refined chemicals. The company owns one of the largest borate deposits in the world and operates three open pit mines in the Jujuy and Salta Provinces in Northern Argentina. Borate mining operations have been carried out in the region for about 50 years, and Orocobre believes it has long-life, high-quality ore reserves.
It has a portfolio of prospective exploration tenements
Orocobre Australia has an extensive portfolio of exploration tenements, primarily in Argentina. Additionally, it holds an exploration license in Laos. Its Argentinean portfolio includes a lithium salar and three copper/gold silver projects. Its Olaroz Lithium Project is comprised of tenements covering 7,600 hectares.
The agreement between Orocobre and Galaxy outlines a number of important aspects of the new relationship, including a matching right regime and reciprocal exclusivity agreements. It also stipulates break fees for both companies, and contains customary exceptions that allow directors to continue to discharge their duties. The deal is subject to TSX acceptance.