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Renee PremiumMember
03/20/24 9:28 AM

Lithium Power International Ltd (fka LTHHF) RSS Feed

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Moderators Dr_Vonschellan

Lithium Power International has all the mining permits, environmental approvals and export quota licenses for Phase 1 (15,200mtpa) required in Maricunga Chile and is classed as "Shovel Ready".  Phase 2 (4,800mtpa) still requires a CEOL approval (which could involved Codelco) from the government in order to begin production.  LPI/LTHHF owns roughly half (by LCE export license volume) of the 2nd largest lithium brine salar in Chile.  Codelco has a tentative arrangement subject to shareholder approval in January to buy LPI in February 2024 for the amazingly low price of AUS$0.57 per share which translates into US$0.36 per share on the LTHHF stock exchange.  If LPI were in lithium production today then it would be the 3rd largest lithium miner in Chile behind SQM and Albemarle.  

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