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LITHIUM CHILE CONTINUES TO EXPAND ITS CARMONA GOLD/SILVER/COPPER PROSPECT WITH ASSAYS GRADING UP TO 29.5 G/T GOLD 235 G/T SILVER AND 3.8% COPPER
TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF
CALGARY, ALBERTA, July 1, 2021 – Lithium Chile Inc. (“Lithium Chile” is pleased to announce continuing positive results based on its recently completed phase 3 surface exploration program in the Central Zone of its 100% owned Carmona gold/silver/copper property. The results from the extensive soil and outcrop sampling program continue to increase the number of new discoveries and expand the areas of mineralization on this highly prospective 84 sq km property.
HIGHLIGHTS
• Three 1-4 sq km sectors of high Au-Ag-Cu bearing veins and porphyry Cu-Au style disseminated mineralization discovered;
• Outcrop assay range: 0.6-29.5 g/t Au,2.2-235 g/ Ag and 0.4-3.8% Cu;
• Sector A containing the bulk of the newly discovered mineralization is 4 km by 1-1.5 km
The Central Zone sits on a regionally extensive structure and associated intrusives of the type commonly associated with porphyry copper-gold and high-grade copper-silver-gold vein deposits. This metallogenic setting hosts the bulk of the porphyry copper and gold deposits in the Central Chilean porphyry belt. Numerous multi-element soil anomalies ranging up to 0.47 g/t gold 1.9 g/t silver and 0.236% copper support the potential of the Central zone.
Terry Walker, Vice President Exploration of Lithium Chile commented: “ongoing exploration at Carmona continues to yield new discoveries with exceptional assays and boosts our confidence in its potential to host major copper, gold and silver deposits”
The company plans to follow up the discoveries in the Central and South Zones with Induced Polarization (IP) chargeability/resistivity surveys with a view to near term reconnaissance drilling.
FURTHER UPDATES
The Company continues to advance its Argentinian production well and pump test program on its Salar de Arizaro Property. The final definitive agreement has been received and is currently being reviewed by the parties’ Argentinian lawyers. The Company plans further update upon final signing. In the meantime, arrangements have been made on accommodations for our drilling crew as well as fuel and water has been organized for the drill rig.
On the Laguna Blanca property a metallurgical study has been organized to further understand the nature of the cesium mineralization on the property. The first part of this study will be done in conjunction with the University of La Serena.
SAMPLE METHODOLOGY
During the exploration program all samples were collected by experienced Lithium Chile staff. Each soil sample was sieved in the field to obtain 1kg of -18 mesh fines and was bagged and sealed on site. Each rock sample consisted of 1 -1.5 kg of representative chips taken continuously from outcrop or across mineralized structures and was bagged and sealed on site. All samples were delivered by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30g sub-sample pulp to their laboratory in Lima, Peru where they were analyzed for gold by fire assay pre-concentration, AA finish and 35 other elements including copper and silver, by the ICP technique following Agua Regia digestion.
Qualified Person Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 71,900 hectares covering sections of 10 salars and two laguna complexes in Chile and now, 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the Central Paleocene porphyry copper-gold belt adjacent to the Chilean mega porphyry copper/gold/molybdenum belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Terry Walker VP Exploration email twalker@goldenrock.cl
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE ANNOUNCES PROPOSED PRIVATE PLACEMENT
TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF
CALGARY, ALBERTA, October 25, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) announces that it plans to complete a non-brokered private placement of up to 4,166,667 units of the Company (“Units”) at a price of $0.60 per Unit, for aggregate gross proceeds of up to $2,500,000. (the “Offering”), after receiving sizeable unsolicited interest from investors based in Europe. There is no minimum Offering. Each Unit will be comprised of one (1) common share of the Company (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant shall be exercisable at $0.75 per Common Share for a period of 24 months from the date of closing of the Offering. Lithium Chile may pay a cash commission or finder’s fee to
qualified non-related parties of up to 5% of the gross proceeds of the Offering. The proceeds of the Offering will be used for working capital and to pay the expenses of the Offering.
The Offering is being offered to all of the existing shareholders of the Company who are permitted to subscribe pursuant to the Existing Shareholder Exemption. The Company anticipates that the Offering will close on or around November 5, 2021. Any existing shareholders interested in participating in the Offering should contact the Company pursuant to the contact information set forth below.
The Company has set October 20, 2021 as the record date for determining existing shareholders entitled to subscribe for Units pursuant to the Existing Shareholder Exemption. Subscribers purchasing Units under the Existing Shareholder Exemption will need to represent in writing that they meet certain requirements of the Existing Shareholder Exemption, including that they were, on or before the record date, a shareholder of the Company and continue to be a shareholder as at the closing date. The aggregate acquisition cost to a subscriber under the Existing Shareholder Exemption cannot exceed $15,000 in a 12-month period unless that subscriber has obtained advice regarding the suitability of the investment and, if the subscriber is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction.
As the Company is also relying on the Exemption for Sales to Purchasers Advised by Investment Dealers, it confirms that there is no material fact or material change about the Company which has not been generally disclosed. In addition to offering the Units pursuant to the Existing Shareholder Exemption and the Exemption for Sales to Purchasers Advised by Investment Dealers, the Units are also being offered pursuant to other available prospectus exemptions, including sales to accredited investors. Unless the Company determines to increase the gross proceeds of the Offering, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $2,500,000, Units will be allocated on a first come, first served basis.
Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Common Shares and Warrants issued under the Offering will be subject to a four month hold period from the date of the closing of the Offering.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and now, 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem Manager of Lithium Operations email jdecastroalem@gmail.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: the closing of the Offering; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including in securities markets; economic factors; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this
LITHIUM CHILE GRANTS STOCK OPTIONS (TSXV:LITH) (OTCBB:LTMCF)
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, November 5, 2021 –Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce the grant of 750,000 stock options to Advisors and Consultants of the Company (the “Options”) in accordance with the Company’s stock option plan. The Options are exercisable for a period of five years at $0.68. The Options are subject to the policies of the TSX Venture Exchange.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure
The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.
Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED $0.60 UNIT FINANCING (TSXV:LITH) (OTCBB:LTMCF)
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, November 10, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has closed its recently announced non-brokered private placement of units of the Company (“Units”) at a price of $0.60 per Unit, issuing 6,922,817 Units for aggregate gross proceeds of $4,153,690.20 (the “Offering”). Each Unit is comprised of one (1) common share of the Company (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant is exercisable at $0.75 per Common Share for a period of 24 months from the date of closing of the Offering. Lithium Chile paid cash commissions to qualified non-related parties of $192,144.51. The proceeds of the Offering will be used for working capital and to pay the expenses of the Offering. Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Common Shares and Warrants issued under the Offering are subject to a four month hold period from the date of the closing of the Offering. The Company further announces that it has engaged Clarkham Capital in providing investor relations and digital marketing services throughout Europe. There were no options issued to Clarkham as part of this engagement.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure
The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.
Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE COMPLETES PRODUCTION WELL DRILLING ON ITS ARIZARO PROPERTY IN ARGENTINA
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, November 16, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) announces that it has completed its production well drilled on its 23,300-hectare property located in the Salar de Arizaro, Salta Province, Argentina.
ARIZARO PRODUCTION TEST WELL UPDATE
- The production well has been completed on time and on budget with a depth of 452 meters.
- Drilling determined that the Arizaro salar contains distinct formations deposited in layers – the upper halite cap and below that a clastic layer containing sands and gravel. These clastics are the favorable formation to host brine solutions.
- The well was logged with the following tools:
o QL40-SGR. Measurement of formation natural radioactivity and contributions of Uranium, Thorium and Potassium. Between 0-443 m depth.
o QL40-FTC. Borehole fluid conductivity and temperature measurement. Between 0-443 m depth.
o QL40-IND-C. Formation resistivity measurement. Between 0-443 m depth.
o QL40-ABI-2G. Measurement of ultrasonic images. Entre 0 y 443 m de profundidad.
o BMR-90. Measurement of borehole magnetic resonance for porosity and permeability. Between 4-443 m with TE (time spacing) of 1200 microseconds. First meters below casing were avoided due to the metal interference on magnetic field.
- Geophysical results confirm promising clastic brines between 330 meters and 452 meters.
- Drilling went smoothly through the halite cap and hit the clastics layer at approximately 330 meters and ran back into a clay layer at 452 meters. The key clastic target was 120 meters thick. The down-hole geophysical logs show greater than 25% porosity.
- The next stage in the evaluation of the well involves of the running of custom-made casing and liners to ensure that the samples are not contaminated such that accurate lithium grades can be obtained during pump testing. The casing and liners will arrive at the well site on November 17th
- Currently the well diameter is being expanded from 8.5 inches in diameter to 14 inches to accommodate a larger down hole pump to handle the anticipated higher flow rates.
- Drilling continued below the top of the clay layer to a depth of 464 meters so as to allow a cellar below the clastic layers intended to catch sediments that will inflow during the production test.
- The current drilling will be completed by November 17th such that the new casings and liners can be installed immediately thereafter. Upon installation pump testing and sampling is planned to commence in early December
Steve Cochrane, President and CEO of Lithium Chile commented: “ We are pleased that our production test well has been completed – on time and on budget – on Salar de Arizaro property, Argentina. Our team on the ground is very encouraged by the results to date with the down hole geophysics confirming a thick 120 meter formation with all the clastic brine indicators. We look forward to the running of production casing and liners within the next few weeks such that the main production testing can commence immediately.”
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure
The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.
Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE INC AND CHENGXIN LITHIUM GROUP TO MEET AND DO A SITE VISIT AT THE SALAR DE ARIZARO PROJECT IN SALTA PROVINCE ARGENTINA
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, February 22, 2022 –
Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that the company’s Argentinean management team will be meeting the technical team of Chengxin Lithium Group Co., Ltd. (“Chengxin”) on Tuesday February 22, 2022, in Salta Argentina. The plans are to jointly travel to Lithium Chile’s recently completed production test well on the Salar de Arizaro property. The purpose of the meeting is to discuss the Company’s phase 2 exploration program and further cooperation between Lithium Chile and Chengxin. The Company believes Chengxin’s experience and technical expertise in processing lithium brines will help advance the company’s Arizaro project.
President and CEO, Steve Cochrane shares, “Together, working in collaboration with Chengxin Lithium, we will unlock the full potential of the Arizaro project, optimizing exploration and mining methods while respecting the environment and the local biodiversity”.
Results from the phase 2, three well drill program of the Arizaro project are expected to be released after the completion and testing of each well. The Environmental Impact Assessment (EIA) was completed earlier than anticipated which will allow for the assessment and the drilling permits to be filed this week. This will accelerate the phase 2 program with additional updates to follow shortly.
Lithium Chile Inc. also announces that it has granted stock options to the Directors and consultants of the Company to purchase 750,000 Common Shares, with an exercise price of $0.88 per share, subject to vesting terms and exercisable for up to 5 years. The option grant is subject to the approval of the TSX Venture Exchange.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 69,200 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 20,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act“) and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person in the absence of such registration or an exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.
Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE STRATEGIC INVESTOR, CHENGXIN LITHIUM, INCREASES STAKE TO 19.86% THROUGH A $27,911,000 PRIVATE PLACEMENT
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, April 4, 2022 Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it plans to complete a non-brokered private placement of 29,380,000 common shares of the Company (“Offered Shares”) at a price of $0.95 per Offered Share, for aggregate gross proceeds of $27,911,000 (the “Offering”). The Offering is to be completed by a wholly owned subsidiary of Chengxin Lithium Group Co., Ltd. (“Chengxin”). In conjunction with the Offering, Chengxin will be entitled to nominate two directors to the board of directors of Lithium Chile and Chengxin has agreed to provide Lithium Chile with two technical personnel to aid in the exploration and development of the Company’s properties in Argentina.
Chengxin participated in the recent private placement completed by Lithium Chile (see news release dated January 31, 2022). That private placement was for units comprised of 4,285,720 common shares and 4,285,720 share purchase warrants. Completion of the proposed Offering, along with the exercise of Chengxin existing warrants, will bring Chengxin’ stake in the Company to 19.86%. This will result in total gross proceeds of $34,553,866.
Steve Cochrane, President and CEO commented “We are thrilled to have Chengxin as a key strategic and cornerstone shareholder of our Company. Chengxin supports our vision, and with their investment, we can rapidly accelerate the exploration and developments of our properties with an eye on increasing our existing resources in a very meaningful way. These additional funds will allow the Company to look at opportunities we have been presented with that will result in expanding our footprint in both Argentina and Chile. Chengxin is a well-respected leader in the lithium space; their extensive experience will be valuable as our Company continues to forge ahead. I note the recent investment by BYD in Chengxin gives the Company a door into the whole supply chain for electric vehicles.”
Chengxin recently announced a strategic cooperation agreement with BYD, China’s largest electric carmaker, which will provide for no more than $600 million CDN investment for more than 5% stake in Chengxin (subject to approval). Chengxin and BYD expect that the cooperation agreement will allow them to jointly acquire and develop lithium resources, and BYD will step up the procurement of lithium products for supply stability and cost advantages.
Chengxin is a publicly listed company in China with a market capitalization of 45.6 billion yuan ($9 billion CDN) and at December 31st, 2021, its net profit was 862 million yuan ($170 million CDN) for the fiscal year. Chengxin is primarily engaged in the new energy materials business including production from spodumene and brines as well as manufacturing of lithium products including lithium hydroxide and lithium carbonate.
At present, Chengxin has 70kt of lithium product capacity and ranks No. 2 in China, with another 60kt capacity under construction in Indonesia. To secure feedstock supplies, Chengxin owns upstream resource in China and overseas including an existing asset in Argentina.
Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Offered Shares issued under the Offering will be subject to a four month hold period from the date of the closing of the Offering.
Pursuant to the completion of the Investor Relations contract with Clarkham Capital, the agreement will be terminated on April 30, 2022.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 69,200 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 20,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act“) and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person in the absence of such registration or an exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.
Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE ANNOUNCES CHENGXIN LITHIUM HAS EXERCISED THEIR WARRANTS FOR NET PROCEEDS OF $3,642,862 AS PART OF THEIR STRATEGY TO INCREASE ITS TOTAL SHAREHOLDING TO 19.86%
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, April 21, 2022 Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has received $3,642,862 net proceeds from Chengxin Lithium Group (“Chengxin”) as part of their strategy to increase ownership in Lithium Chile to a total of 19.86%. The funds received from warrants exercised at $0.85 will be added to the Company’s working capital to bring the total current cash balance to $15,633,086. The additional balance of $27,911,000 in connection to the private placement recently announced, has already been received from Chengxin and is currently in trust until the private placement officially closes. The capital will be used to advance the Company’s Arizaro project in Argentina as well as the Company’s priority projects in Chile. Steve Cochrane, President comments “I am extremely pleased to have Chengxin as our partner; they are a well-respected presence in the Lithium space. The additional capital raised will aid in the development and growth of our Lithium projects. Chengxin’s ability to move quickly combined with their strong capital position will allow Lithium Chile to not only accelerate their existing projects but also gives the financial strength to look at other opportunities.”From left to Right: Chengxin Lithium Group (Benjamin Huang, Bobi Luo, Ye Fu Liang) Lithium Chile Inc. (Jose de Castro Alem, Michelle DeCecco, Steven Cochrane) on the Salar de Arizaro Project, Argentina. Lithium Chile is also please to announce that further to its March 31, 2022 news release, the TSX Venture Exchange (the “Exchange”) has approved the Company’s option agreement dated March 30, 2022 (the “Option Agreement”) with Monumental Minerals (“Monumental”) (TSX-V: MNRL; FSE: BE5). The Option Agreement allows Monumental to acquire up to 75% of the 5200-hectare Salar De Laguna Blanca project (the “Laguna Project”) located near the town of San Pedro de Atacama, Chile. In order to exercise the option to acquire a 75% interest in the Laguna Project, Monumental must issue 3,401,874 common shares to Lithium Chile (the “Payment Shares”) within thirty (30) days of the Acceptance Date, make certain staged cash payments to Lithium Chile and incur exploration expenditures on the Laguna Project as follows: (a) Make cash payments of an aggregate of Cad$1,500,000 according to the following schedule: (i) $200,000 within thirty (30) days of final Exchange approval of this transaction (the “Acceptance Date”); (ii) $250,000 on or before the eighteen (18) month anniversary of the Acceptance Date; (iii) $300,000 on or before the second anniversary of the Acceptance Date; and (iv) $750,000 on or before the third anniversary of the Acceptance Date. (b) Incur minimum expenditures on the Laguna Project of not less than an aggregate of Cad$1,500,000 according to the following schedule: (v) $200,000 on or before the first anniversary of the Acceptance Date; (vi) $500,000 on or before the second anniversary of the Acceptance Date; and (vii) $800,000 on or before the third anniversary of the Acceptance Date. Steve Cochrane, President & CEO comments, “We are extremely pleased to have this joint venture with Monumental on our Laguna Blanca prospect approved. This agreement will allow Lithium Chile to move a number of priority projects forward simultaneously. Monumental’s prior lithium experience in Argentina will be an invaluable asset to Lithium Chile” About Lithium Chile Lithium Chile is advancing a lithium property portfolio consisting of 69,200 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 20,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, the entering into of definitive agreements and regulatory body approvals. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium or cesium exploration tender processes does not yield the anticipated benefits to the Company, including the risk that the Company will not receive the approvals necessary and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
LITHIUM CHILE CLOSES THE PREVIOUSLY ANNOUNCED $27,900,000 PRIVATE PLACEMENT AT $0.95 WITH CHENGXIN LITHIUM GROUP AND EXPANDS THEIR DEVELOPMENT PROGRAM ON SALAR de ARIZARO ARGENTINA, FROM THREE WELLS TO SEVEN WELLS
TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, May 16, 2022 Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has successfully closed the Company’s previously announced $0.95 Private Placement with Chengxin Lithium Group (“Chengxin”). The $27,900,000 added to the Company’s existing working capital of approximately $15,000,000, will give the Company an unprecedented $43,000,000 in cash. The Company is in a strong financial position to accelerate existing exploration projects and the financial flexibility to pursue other opportunities.
In light of the Company’s healthy working capital position and significant resource reported on its maiden well, Lithium Chile is also pleased to announce they are expanding the Company’s previously announced Phase 2 development program (see February 14, 2022, News Release) on the Company’s Arizaro property. The program has expanded from three exploration holes to four exploration holes and up to three additional production wells. This expanded program now budgeted at US $4,000,000, has the full support and participation of Chengxin Lithium Group. Chengxin’s goal is to advance the Company’s Salar de Arizaro property into production as soon as possible. Two rigs have been contracted and a temporary camp to house the drilling contractors and company technicians has been rented. The Company anticipates drilling to commence soon; delays are a result of the significant increase in activities throughout the lithium industry.
Figure #2 – Phase 2 Exploration Campaign – Proposed Well Locations, Arizaro, Argentina
Currently underway, Lithium Chile is completing a unique metallurgical testing program on its future production well to define the proper approach for direct lithium extraction. The Company is working with Chengxin on an innovative trial with the most advanced resin technology using a titanium oxide base.
Figure #2 – Brine samples taken to Alex Stewart International, Argentina
In addition to the Company’s planned development program on it’s central Salar de Arizaro Claims, the Company has also received a permit to drill an exploration water well on it’s southernmost claim on Arizaro. The well will be located in an area where approximately 70% of the freshwater flows into the basin. This will be the first fresh water well to be drilled on the Salar de Arizaro and will give the company a significant advantage when the property moves towards production.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 80,938 hectares covering sections of 11 salars and 2 laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22,429 hectares that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com or Michelle DeCecco, Vice President of Corporate Development via email michelle@lithiumchile.ca or at 403-390-9095.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, the entering into of definitive agreements and regulatory body approvals. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium or cesium exploration tender processes does not yield the anticipated benefits to the Company, including the risk that the Company will not receive the approvals necessary and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.