President Javier Milei: Lithium, Uranium Miners Winners From Argentina Election

A new day is dawing in Argentina.

In a stunning anti-establishment victory, libertarian candidate Javier Milei has won the Presidency of the economically distressed nation.

Investors are now buzzing with excitement and intrigue about what might happen next.

Miners focused on green transition metals – lithium and battery metals, uranium, copper and silver, could be big winners with the dramatic shift to the right. 

Most are tipping that Argentina should now embrace more liberal economic policies, creating a warmer economic climate for investment.

If the new President, a firebrand anti-socialist, can see his policies enacted in Parliament.

Javier Milei has promised to enact sweeping reform, cutting government spending and eliminating many major departments. The country will embrace the US dollar, and try to negotiate new trade partnerships and embrace lower taxes and attract new investment.

Although the legislature may be a problem, the new President brings credibility with a landslide victory and a dire need to reform the economy. Argentina, a resource-rich nation, has suffered a 100% inflation rate and a government in extreme debt.

The mining sector could be a big winner, with Argentina holding a competitive advantage in uranium and lithium.

Here are the mining stocks powering the green economic transition that could benefit from the change in Argentina.

Blue Sky Uranium Corp

Canadian Blu Sky Uranium Corp could be a huge winner from a Javier Milei Presidency. 

The uranium market is heating up very rapidly with significant nuclear energy investment and a trickle of new mines coming online. 

The company says it is undertaking uranium and vanadium exploration in southern Argentina, with more than 450,000 hectares of mining tenures.

Lake Resources

Australian lithium player Lake Resources has a significant presence in Argentina. 

The company is attempting to use its ion exchange extraction technology for the production of lithium from its flagship Kachi Project in Catamarca Province within Argentina’s Lithium Triangle, the company says. The technology is provided by Bill Gates-backed Lilac Solutions.

Although Lake is struggling to implement the projects with timeline delays and production overruns. 

IsoEnergy

Canada’s IsoEnergy is the owner of uranium prospects and former mines owned by Consolidated Uranium – which IsoEnergy recently acquired – in Argentina. 

It controls the Huemul uranium tenament and the Laguna Salada tenament in Argentina and is highly prospective in the unfolding uranium boom and pro-business and mining environment in Argentina. 

 

Allkem Ltd (AKE)

Allkem Ltd, formerly known as Orocobre Ltd, (ASX:AKE) is another Australian-based company with operations in Argentina. Orocobre operates the Olaroz Lithium Facility in Jujuy, Argentina.

 

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