Lithium Power International Ltd (fka LTHHF)

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Lithium Power International [ASX:LPI] (OTC:LTHHF)

On April 30, Lithium Power International announced: "Activity report for the quarter ended March 2021." Highlights include:

"Maricunga exploration drilling program ahead of schedule with three out of five core holes (S-25, S-26 and S27) completed to the target depth of 400m and core hole #4 now passing 300m. Completion of final hole #5 is now expected by mid-May.
A total of 31 undisturbed core samples collected from core holes S-25 and S-26 have been sent to GeoSystems Analysis laboratory in the US for drainable porosity and other hydraulic parameters.
56 brine samples collected and sent to Andes Analytical Assay Labs for chemical analysis. Positive preliminary sample analyses indicate expected average lithium concentrations are above 1,000 ppm mg/l and positive relationships of lithium to calcium and magnesium......
Activities for the DFS update with engineering consultants Worley commenced during the first week of April. Several opportunities for improvement have been detected.
Optimisation of the production process continues with GEA Messo in Germany.....
LPI recommenced exploration in Greenbushes, Western Australia at the beginning of 2021, completing initial laterite and soil sampling."
On May 11, Lithium Power International announced:

Minera Salar Blanco agrees on a strategic alliance with Mitsui for the Development of Maricunga and Future Developments in Chile. The Alliance includes off-take, funding rights and further strategic collaboration for new lithium developments in Chile.....the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project.

On May 19, Lithium Power International announced:

Sale transaction completed for LPI’s Centenario lithium properties in Argentina. Lithium Power International Limited today announced the execution of a Share Purchase Agreement with the Canadian based company, Vertex Lithium Corporation (Vertex), to acquire LPI’s 70 percent of lithium exploration properties on the Centenario Salar (“Centenario”) in Argentina. A previous sell down of a 30 percent interest in the Centenario properties to the ASX-listed company, Marquee Resources Ltd [ASX:MQR] occurred in 2018.....

Upcoming catalysts:

2021 - Maricunga drill results. Further developments with Mitsui re off-take partner and funding announcements for Maricunga Lithium Brine Project in Chile.

https://seekingalpha.com/article/4431338-lithium-junior-miners-news-for-the-month-of-may-2021