Lithium power station factory in Paraguay

Where in Paraguay is lithium prospecting going?

Gentileza The Paraguayan Vice Ministry of Mines and Energy reports significant progress in the initial phase of lithium prospecting in the Boquerón department, located in the country’s Chaco region.

Does Paraguay have a lithium mine in Boquerón?

The Paraguayan Vice Ministry of Mines and Energy reports significant progress in the initial phase of lithium prospecting in the Boquerón department, located in the country’s Chaco region. Chaco Mineral, a consortium of Paraguayan and Canadian companies, is currently conducting geophysical studies to evaluate potential deposits in the area.

Is Paraguay a good place to mine lithium?

The Chaco Basin demonstrates many of the same characteristics as South America’s premier lithium brine producing regions, though it is historically under-explored for critical metals. Paraguay offers advantageous geopolitical, financial, tax, and security conditions for mining compared to its neighbors, Chile, Argentina, and Bolivia.

Could Paraguay be part of the Lithium Triangle?

Vice Minister of Mines and Energy, Mauricio Bejarano, emphasizes the project’s strategic importance for regional economic development. This initiative could position Paraguay within the Lithium Triangle, currently comprised of Argentina, Chile, and Bolivia, the main producers of this mineral in South America.