Calgary, Alberta –Information Direct– Lithium Chile Inc.
CALGARY, ALBERTA – TheNewswire – June 20, 2022 – Lithium Chile Inc. (“Lithium Chile” or the “Firm”) (TSXV:LITH) (OTC:LTMCF) is happy to announce the execution of a Memorandum of Understanding (“MOU”) between its 100% owned Argentinian subsidiary, Argentum Lithium S.A. (“Argentum”) with Recursos Energeticos Y Mineros De Salta S.A. (“REMSA”), the state-owned mining firm of the Province of Salta, Argentina.
The MOU, signed on the PDAC conference in Toronto on June 15, 2022, supplies Lithium Chile with a collaborative framework for exploration and growth of over 4,680 extra hectares on the Salar de Arizaro in Argentina. Lithium Chile beforehand introduced an preliminary useful resource of 1.42M tonnes of lithium hydroxide on account of its maiden nicely drilled on the Arizaro salar. The addition of this important land place on the salar will take the Firm’s Arizaro salar land place to over 27,980 hectares – representing a really important and strategic land place.
The MOU marks the start of a collaboration between REMSA and Lithium Chile. REMSA will perform preliminary duties together with scientific and technological analysis to make sure that the events are have correct technical info pertaining to the potential useful resource on the extra lands on the Arizaro salar. These duties will embody extra geophysical surveys designed to find out geological setting and traits, chemical composition through floor sampling, preliminary drilling and subsequently an in-depth evaluation of these outcomes to find out ranges of restoration, depth, and accessibility; – all focused to ascertain the concentrations of, and extent of, lithium, potassium and different related minerals that might exist throughout the space of curiosity.
Topic to outcomes of the exploration actions described above, Lithium Chile is entitled to train the choice contained within the MOU after which a public session will probably be initiated for persevering with exploitation pursuant below a three way partnership or different transactional settlement.
The extra acreage is on the north facet of the Arizaro Salar which is the Firm’s strategic flagship exploration challenge.
Mr. Alberto Castillo, CEO of REMSA commented: “We deeply admire the arrogance that Lithium Chile has proven in REMSA and the federal government of the Province of Salta. That is one other instance of the optimistic funding circumstances created via the management of Governor Gustavo Saenz and carried out in Salta lately. Salta has established constant and clear insurance policies towards accountable mineral exploration and growth, whereas providing clear safety for the atmosphere and our individuals.”
Lithium Chiles, President & CEO, Steve Cochrane: “This distinctive settlement with REMSA permits for a cooperative three way partnership with the state-owned mining firm of the Province of Salta, Argentina. This reaffirms our technique aimed toward proving up and increasing our lithium useful resource on the Arizaro salar. It’s our continued perception that the Arizaro challenge has the potential to be a big business property and this JV is one other alternative to show and increase our exploration and growth efforts on this very important challenge. This partnership is simply one other means that Lithium Chile intends to extend worth for its stakeholders – via respectful relationships with the international locations we put money into.”
REMSA is a company fashioned in 1985 that oversees the administration of the power and mineral sources of the Province of Salta. REMSA contributes to the productive and social growth of the Province by managing and selling the exploration and growth of initiatives throughout the mining and power sectors.
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Executing the Memorandum of Understanding: Mr. Alberto Castillo, CEO of REMSA, Steve Cochrane, President & CEO of Lithium Chile and José de Castro, Supervisor of Lithium Operations, Lithium Chile.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 79,700 hectares masking sections of 11 salars and a couple of laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile additionally owns 5 properties, totaling 22,429 hectares which can be potential for gold, silver and copper. Exploration efforts are persevering with on Lithium Chile’s Carmona gold/silver/copper property which lies within the coronary heart of the Chilean mega porphyry gold/ silver/copper belt.
Lithium Chile’s widespread shares are listed on the TSX-V below the image “LITH” and on the OTC-BB below the image “LTMCF”.
To seek out out extra about Lithium Chile Inc., please contact Steven Cochrane, President and CEO through e-mail: email@example.com, Jose de Castro Alem, Argentina Supervisor through e-mail firstname.lastname@example.org or Michelle DeCecco, Vice President of Company Growth through e-mail email@example.com or at 403-390-9095.
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Ahead Trying Statements
This information launch could include sure forward-looking info and forward-looking statements throughout the that means of relevant securities laws (collectively “forward-looking statements”). Usually, forward-looking statements could be recognized by way of forward-looking terminology similar to “anticipated”, “anticipated”, “goals to”, “plans to” or “intends to” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “will” happen. Such forward-looking statements are based mostly on varied assumptions and components that will show to be incorrect, together with, however not restricted to, components and assumptions with respect to: the overall stability of the financial and political atmosphere during which the Firm operates; the well timed receipt of required regulatory approvals; the flexibility of the Firm to acquire future financing on acceptable phrases; forex, trade and rates of interest; working prices; the success the Firm can have in exploring its prospects and the outcomes from such prospects. You might be cautioned that the foregoing record of fabric components and assumptions just isn’t exhaustive. Though the Firm believes that the assumptions and components on which such forward-looking statements are based mostly are cheap, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm may give no assurance that they may show to be right or that any of the occasions anticipated by such forward-looking statements will transpire or happen, or if any of them achieve this, what advantages the Firm will derive there from. Precise outcomes might differ materially from these at the moment anticipated attributable to plenty of components and dangers together with, however not restricted to: fluctuations in market circumstances, together with securities markets; financial components; the chance that the brand new lithium or cesium exploration tender processes doesn’t yield the anticipated advantages to the Firm, together with the chance that the Firm is not going to obtain the approvals mandatory and the influence of basic financial circumstances and the COVID-19 pandemic. The Firm doesn’t undertake to replace any forward-looking statements herein, besides as required by relevant securities legal guidelines. All forward-looking statements contained on this information launch are expressly certified by this cautionary assertion.
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