LITHIUM CHILE (“LITH”) HAS OWNERSHIP IN THE LARGEST HIGH-GRADE LITHIUM RESERVES IN THE WORLD COMPRISING OF 100,000 HECTARES IN ARGENTINA AND CHILE. The top priority projects have positive chemistry results from sampling, as well as community approval to drill. Our flagship projects are currently in development to include four exploration and three production wells. LITH has several joint ventures to accelerate its tertiary assets to concentrate efforts on its flagship asset base. At this time, LITH has a treasury of approximately 40MM CAD, with no debt. The CAPEX for the balance of 2022 is approximately 6MM CAD.
Chengxin Lithium Group International – 19%
Management Ownership – 40%
Steven Cochrane, President & CEO
Mr. Cochrane has 36 years of investment industry experience during which he has participated in raising in excess of $500,000,000 for a variety of “small cap” public companies in various businesses and industry sectors including mining. In addition to having been associated with numerous domestic transactions, Mr. Cochrane has also been involved with many international opportunities – including China and Cambodia. Mr. Cochrane’s extensive capital market experience is an invaluable asset as Lithium Chile continues with the roll-out and expansion of its lithium strategy.
Lithium Chile is looking for market support and long-term investors
June 2022 – Lithium Chile is pleased to announce the expansion of the Phase 2 development program on the Company’s Arizaro property. The program includes four exploration holes and three production wells.
May 2022 – Lithium Chile announces that it has successfully closed a $0.95 Private Placement with Chengxin Lithium Group bringing their investment to over $34million for a 19.86% stake in the Company.
February 2022 – The Company reports an initial lithium (“Li”) resource for its maiden well in the Arizaro de Salar project. The NI 43-101 resource statement, includes 1,420,000 tonnes of lithium carbonate (“Li2CO3”) equivalent in the Indicated and Inferred Resource categories.
*Operational updates to include test results from the phase 2 drilling program in Arizaro
*Test results from the Joint Ventures (“JV”) on Turi and Laguna Blanca in Chile
*Completion of the phase 2 drilling program – results added to the ‘measured’ category, the 43-101 report updated with an expanded lithium resource and high lithium grade on the Arizaro project lands.
*Drill program to commence on our Joint Venture properties in Chile
*Drill program to commence on the Company’s Coipasa property in Chile
*With successful results from the Phase 2 drilling program, as well as drilling in Coipasa and the JV’s in Chile, the Company’s key goal is to expand and prove up the lithium resource on their properties in both Argentina and Chile.
*Lithium Chile plans to substantially increase their 1.42million tonne lithium resource from one well within the next year, through the continued exploration and development of its vast land holdings in the lithium triangle.
Our Company’s stock price is trading far below what independent analysts have valued us at, while lithium prices continue to remain strong. We are one of the few junior mining companies that has vast land holdings in both Chile and Argentina. The Company has the most experienced lithium team on the ground and are working with the worlds most advanced technology for direct lithium extraction (DLE). Lithium Chile is fully funded with over 40 million dollars in the bank and zero debt. The Company is actively working to expand its lithium resource through an aggressive drilling program and several joint ventures.
* Low entry price; high commodity price
* 1.42 million tonne lithium resource from one well
* Current drill program aimed at expanding lithium resource in the next 6 months