04:53 PM EDT, 07/23/2025 (MT Newswires) -- Argentina Lithium & Energy ( LILIF ) was unchanged Wednesday as the company entered into a payment schedule amendment to a previously announced option agreement.

A statement noted the change modifies the payment schedule and determines the value of shares the company is required to issue in the event the option is exercised.

Initially, on September 20, 2022, a subsidiary entered into an option agreement with nine individual optioners, that allows for it to acquire a 100% interest in four contiguous mine concessions totaling 791.3 hectares.

To exercise the option, the subsidiary must make payments to the Paso de Sico Optionors totaling US$1.5 million paid over three years. However, the Paso de Sico Parties under the second addendum amended the due date and final payment of $418K from March 31 this year to September 30 in exchange for the subsidiary agreeing to pay the parties an additional $41.8K extension fee.

The changes are subject to the approval of the TSX-V. The company intends to pay the extension fee by issuing an aggregate of 995,954 shares to the Paso de Sico Optionors at $0.06 per share

Argentina Lithium & Energy Corp ( LILIF ) is focused on acquiring high-quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector.