Ensorcia Moves to Acquire Argentina Wildcats, Lifting Holdings to 67,000 ha
New York – October 13, 2026 -- Ensorcia Group Holdings, LLC has signed a binding letter of intent to acquire Argentina Wildcats, LLC (AW), a deal that would add roughly 50,000 hectares of lithium ground in Argentina and take the company's combined holdings to approximately 67,000 hectares.
Cash deal for 100% of AW comes with contingent consideration
Ensorcia will buy all of AW's outstanding membership interests for cash, plus additional contingent consideration. The source gives no price or contingent terms. Closing remains subject to confirmatory legal review and other customary conditions.
AW holds interests in the former LEXI lithium property.
Drilling and brine testing preceded the decision
Ensorcia moved ahead after drilling and flow testing on the AW property and an evaluation of brine sample results. That evaluation included testing by International Battery Metals Ltd. (IBAT).