Lithium Chile Inc. is pleased to announce that it has signed a letter of intent with Monumental Minerals Corp., whereby Monumental may acquire a 50.01% interest in the Salar de Turi Project located within the prolific Lithium Triangle about 120 km northwest from the Company's Salar de Laguna Blanca Project and 60 km northeast from the city of Calama, Chile. To earn the 50.01% interest in the Project, Monumental must pay [...]
Lithium Chile Inc. is pleased to announce that it has entered into an option agreement with Volos Minerals Inc. a privately-held mining exploration Company, whereby Volo's may earn a 51% in the Las Garillas property located in north-central Chile. The Las Garillas property consists of nine exploration concessions totaling 1,900 hectares. The Las Garillas property covers several large zones of phyllic to silicic [...]
Lithium Chile Inc. is pleased to announce that the Phase 2 drilling program, designed to expand the Company's previously announced 1,420,000 metric tonnes of lithium carbonate resource has commenced. The first of 2 diamond drill rigs contracted was mobilized to the Salar de Arizaro on the 28th of June such that drilling of the first of 4 exploration holes is now underway. Currently drilling though the halite cap, it is [...]
Lithium Chile Inc. reports it has received TSX Venture Exchange acceptance of the Sale Agreement with Wealth Minerals Ltd. - ; ; ; to sell 1,600 hectares hectares of a minority, non-core asset in the Ollagüe Basin. The transaction terms include a payment of 2,000,000 shares of Wealth Minerals, with an additional payment of 1,000,000 shares to the Company within twelve months if Wealth establishes within the acquired [...]
Lithium Chile Inc. is pleased to announce the execution of a Memorandum of Understanding between its 100% owned Argentinian subsidiary, Argentum Lithium S.A. with Recursos Energeticos Y Mineros De Salta S.A. , the state-owned mining company of the Province of Salta, Argentina. The MOU, signed at the PDAC convention in Toronto on June 15, 2022, provides Lithium Chile with a collaborative framework for exploration and [...]
Lithium Chile Inc. is pleased to announce that its previously announced drill program, designed to increase the Salar de Arizaro initial resource estimate, is now underway. The program will be comprised of up to four additional exploration holes and three new production test wells. One diamond drill rig, as well as a larger rig capable of drilling a production well, have been secured with the first diamond drill [...]
Lithium Chile Inc. is pleased to announce that, subject to regulatory approval, it has granted 1,500,000 stock options to directors, officers, and consultants of the Company. The stock options are issued with an exercise price of $0.76 and will expire May 17, 2027. Early Warning Report In connection with the closing of a private placement on May 16, 2022, the Company issued 29,380,000 common shares at a price of $0.95 per [...]
Lithium Chile Inc. is pleased to announce that it has successfully closed the Company's previously announced $0.95 Private Placement with Chengxin Lithium Group. 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 [...]
Lithium Chile is pleased to announce that the Company has acquired an additional 9,600 ha on its Laguna Blanca project in Chile. The addition of the 39 claims increases the Company's ownership to 14,800 ha in the Laguna Blanca basin. In addition, Lithium Chile acquired 2,500 ha of new claims on the Salar de Aguas Caliente Norte. This is a new project for Lithium Chile and expands the Company's portfolio of projects in [...]
Monumental Minerals Corp. is pleased to provide an update on management's recent visit to its Salar De Laguna Blanca Cesium-Lithium Brine Salar Project . Members of Monumental's management team and board of directors visited a portfolio of Lithium Chile assets, including the Laguna Project, with representatives of Lithium Chile Inc. . The Laguna Project was accessed by travelling 80 kilometres west from the town of San [...]
Lithium Chile Inc. is pleased to announce that it has received $3,642,862 net proceeds from Chengxin Lithium Group 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 [...]
Lithium Chile Inc. is pleased to announce that it plans to complete a non-brokered private placement of 29,380,000 common shares of the Company at a price of $0.95 per Offered Share, for aggregate gross proceeds of $27,911,000. The Offering is to be completed by a wholly owned subsidiary of Chengxin Lithium Group Co. In conjunction with the Offering, Chengxin will be entitled to nominate two directors to the board of [...]
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