Lithium Power International Ltd (fka LTHHF)

[Dr_Vonschellan]

Oh_geez, we're_now going_to be_branded forever_as Boric-Acid'sbitch
and his personal slavish ask-kisser https://www-latercera-com.translate.goog/pulso-pm/noticia/firma-australiana-con-proyecto-en-maricunga-valora-politica-nacional-del-litio-y-dice-que-tlc-y-tpp11-resguardan-sus-derechos/CNFBX2FI3NDGBA24BFBAEZ5H5U/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

Dear fellow Chilean lithium miners especially Simbalik, SIMCO & SQM, we are so sorry... we had no idea our management would rollover and play dead so fast. Please forgive us LPI shareholders far down the chain of command. We have tried for the last 4 years to install a solid non-jello backbone in our management... but alas, we have failed miserably. They simply could not wait 3 more years until a Republican government retakes the president's office or a coup/street-revolution takes place before 2026 to toss Boric and his thieving commies (esp Marcela) out early.

We are all to a man so very sorry.

The Doctor
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Australian firm with a project in Maricunga values National Lithium Policy and says that FTA and TPP11 protect their rights
by Emiliano Carrizo

"We are pleased that the National Lithium Policy (NLP), as it was presented last week in Santiago, is very much in line with what was discussed and expected after our various discussions with the Chilean authorities," said the director of Lithium Power International and president of MSB (Minera Salar Blanco), Russell Barwick.

Lithium Power International Limited (LPI) already adds two reports to investors on the national lithium policy. On April 21, it issued a statement similar to the one it sent in Chile, with the opinion of its CEO, Cristián García Huidobro. The second is dated April 24 and contains the matrix's analysis of the national lithium strategy announced by President Gabriel Boric last Thursday. In it, he expresses his interest in developing his project in the Salar de Maricunga. The Australian company is the most advanced in that salt flat, where Codelco and the alliance between Cominor and Simbalik also have mining properties.

"We are pleased that the National Lithium Policy (NLP), as it was presented last week in Santiago, is very much in line with what was discussed and expected after our various discussions with the Chilean authorities," said the director of Lithium Power International and president of MSB (Minera Salar Blanco), Russell Barwick.

LPI presented the national lithium policy as a process that was born from consultations with "a wide variety of stakeholders at the national and international level," and that focuses on the Atacama salt flat, where they do not have operations.

However, LPI comments from a different position than its peers that operate in the Atacama salt flats and those looking to develop other lithium projects in Chile. The firm is carrying out its project in Maricunga with concessions that were granted before the State defined lithium as a strategic material in 1979 and has the approval of the necessary environmental permits.

Salar Blanco has been developing his project for seven years. It has already invested US$71 million. When he presented his Environmental Impact Study in 2018, he estimated an investment of US$527 million, but this year he announced that he intends to invest US$700 million. The plan is to produce 20,000 tons of metallic lithium carbonate per year, one tenth of the nearly 200,000 tons that SQM and Albemarle produced in 2022. The firm expects to start construction on its project at the end of 2023 and has expressed its intention to partner with Codelco.

Salar Blanco owns 2,541 hectares, concentrated in the northern area of the salt flat, but only 1,125 hectares are prior to 79. The company assumes that it will have to sit down and talk with the State when it wants to advance in the expansion of its operations for the Maricunga project. Stage 2, which includes post-1979 belongings. But that is not perceived as a threat.

"The company will continue to work closely with the Chilean government to transform the Maricunga Stage 2 project into the first example of a public-private partnership under the new parameters established by the new policy," the company detailed in a statement.

From LPI they supported their confidence that their interests as foreign investors will be taken care of based on the Free Trade Agreements that Chile has with Australia and based on the content of the Trans-Pacific Economic Cooperation Agreement (TPP-11). In addition, they highlighted that their operations have operated under the line sought by the Executive for the development of lithium with respect to the existence of responsibility with the environment and social, technological progress and commitments with the community.

“The announcement and future implementation of the National Lithium Policy (NLP) is timely to provide the clarity and certainty required by investors about the parameters under which the Maricunga project will be developed,” the firm detailed about the impacts that the Executive’s announcement has on lithium for its operations.

Given this context, the Australian company explained that it is already thinking about how to obtain financing for the development of its projects in the pipeline such as Maricunga Phase One, which range from the entry of new partners under the often taken model (a purchase agreement on production future) until debt issuance. In this way, it is expected that the financial structuring process of the project will be completed in the first half of 2023 and construction will begin at the end of the second half. Construction would take two and a half years. Thus, in 2026 it could be producing and marketing lithium.

“We welcome President Boric's National Lithium Policy (NLP) and his goal to positively transform the Chilean lithium industry. Furthermore, we are pleased to say that we believe this Policy not only benefits LPI's Maricunga Project, but has the potential to accelerate the development of our Stage 2 project,” added Lithium Power International CEO Cristóbal García-Huidobro through a statement.