Lithium Chile (LTMCF)

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Lithium Chile: Announcement of Binding Agreement on Salar de Arizaro, Argentina & Company

On Monday, Lithium Chile announced a very exciting addition to its Lithium Portfolio. This new property gives the company location diversification and an expedited timetable to feasibility and production.

Yet again, with Covid restrictions causing restrictions and delays in Chile, this dynamic and flexible management team have risen to the challenge and secured a property which comes fully permitted, no indigenous claims, with exceptional sample grading (highs of 951 mg/l – compared average Argentinian grades of 560mg/l) and an identified lithium bearing target. They have negotiated a deal which did not use any shares – looking out for their shareholders and ensuring no dilution - and minimal expenditure to complete the pumping well stage.

Lithium Chile are already in discussions to get their drilling platforms and construction company (part of the Galli Group – who are the other party in the agreement) on the property as soon as the legal due diligence is completed. This could be as little as 30 days from now. They would start immediately to drill and run the pumping well – taking results continuously – completing their 90 day testing period by October/November.

This promises to be a hugely exciting time for Lithium Chile. With almost constant press releases and results over the next 6 months.

Chile is still very much part of their focus and even during lockdown they have not stood still. On Coipasa, they are actively lobbing to get their court award granted as quickly as possible and once lockdown was eased in their areas, they were straight out to Laguna Blanca and Carmona – taking over 400 samples – which should be due back in the next couple of weeks. Look out for press releases not only on Lithium – but also on their copper, gold and cesium results.

Transformational Project for Lithium Chile

ü Geographical Diversification of Lithium Portfolio – still within the bountiful Lithium Triangle – one of the only junior mining companies with active programs in 2 lithium triangle countries
ü Accelerated timetable to feasibility and production

https://stockhouse.com/opinion/independent-reports/2021/05/31/announcement-binding-agreement-on-salar-de-arizaro-argentina-company