Aug 5 2021 LITHIUM CHILE AND APOLLO TERMINATE OPTION AGREEMENT TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF
CALGARY, ALBERTA, August 5, 2021 – Lithium Chile Inc. (“Lithium Chile”) confirms the termination of the option agreement dated March 25, 2020 (the “Option”) with Apollo Gold & Silver Corp. (“Apollo”). The Option granted Apollo the ability to earn an interest in two promising, early-stage, exploration properties in the El Indio Gold Belt of central Chile. Apollo had not yet conducted any exploration activities on the properties. Apollo has determined to shift its corporate focus to a recently acquired silver property in Nevada and consequently terminated its option opportunity with Lithium Chile. With exploration activities on its Laguna Blanca lithium property recommencing and exploration on its Carmona copper/gold/silver property continuing to advance, management of Lithium Chile is conducting a review of its property package to determine the suitability of entering into alternative option agreements in light of the numerous approaches from industry players. Lithium Chile looks forward to providing further details on such activities in the future.
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