Duyuru • Jan 21
Lithium Chile Inc., Annual General Meeting, May 15, 2026 Lithium Chile Inc., Annual General Meeting, May 15, 2026. Duyuru • Dec 23
China Union Holdings Ltd. (SZSE:000036) entered into a definitive share purchase agreement to acquire Argentum Lithium S.A. from Lithium Chile Inc. (TSXV:LITH) for approximately $180 million. China Union Holdings Ltd. (SZSE:000036) entered into a definitive share purchase agreement to acquire Argentum Lithium S.A. from Lithium Chile Inc. (TSXV:LITH) for approximately $180 million on December 22, 2025. The purchase price is USD $175 million, subject to customary closing adjustments and payable in cash at closing, with 92.5% to be released at the closing and 7.5% held in escrow for eighteen (18) months to secure post-closing indemnity obligations, all in accordance with the Definitive Agreement and an escrow agreement to be entered into by the parties. In case of termination of transaction, China Union Holdings Ltd. will pay a termination fee of $17.5 million, and Lithium Chile Inc. will pay a termination fee of $17.5 million.
The transaction is subject to approval by regulatory board / committee and subject to shareholder approval. Closing will occur on the fifth business day after all conditions precedent are satisfied or waived, or on another date agreed upon by both parties. If closing has not occurred within 180 days from the date of the Definitive Agreement, the agreement can be terminated unless extended by mutual consent. Duyuru • Oct 08
Lithium Chile Inc. announced that it has received CAD 7 million in funding On October 7, 2025, Lithium Chile Inc announced that it has closed the transaction. The overallotment option is exercised in full. Recent Insider Transactions Derivative • Jul 21
Board Member exercised options to buy CA$183k worth of stock. On the 16th of July, Jose de Castro Alem exercised options to buy 300k shares at a strike price of around CA$0.51, costing a total of CA$153k. As of today, Jose currently holds no shares directly. Company insiders have collectively bought CA$137k more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Apr 16
Lithium Chile Inc. Pre-Awarded Chascha Sur Concession to Arizaro Project, Securing Key Water Resources Lithium Chile Inc. announced that it has been pre-awarded the "Mining Tender Ndeg 03/24 for the Study, Prospecting, Exploration, and eventual Exploitation of the Exclusive Zones of Special Interest CHASCHA SUR - Salar de Arizaro", located in the Province of Salta, Argentina. This important advancement represents a strategic milestone for the Company, as the CHASCHA SUR block is adjacent to its Arizaro Project and hosts a freshwater resource critical to a future production plant. The anticipated concession of CHASCHA SUR by REMSa (Recursos Energeticos y Mineros de Salta S.A.) enhances the technical and economic viability of the Arizaro development, positioning it to meet its long-term production and sustainability goals. Currently, two applications for water use, submitted by the Company, are under review by the corresponding authority, the Secretariat of Water Resources of the Province of Salta. The tender was conducted by REMSa, the provincial energy and mining corporation, through a public and competitive process. Lithium Chile's strong technical proposal and proven track record of responsible exploration and development were key to its success. The Company is now preparing for the formal award and will provide further updates as the process advances. New Risk • Jan 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$140.3m (US$97.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (103% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$140.3m market cap, or US$97.2m). Duyuru • Dec 11
Lithium Chile Inc. (TSXV:LITH) entered into a purchase agreement to acquire an additional 17.80% stake in Arizaro Project in Argentina from LitiAr S.A for CAD 14.9 million. Lithium Chile Inc. (TSXV:LITH) entered into a purchase agreement to acquire an additional 17.80% stake in Arizaro Project in Argentina from LitiAr S.A for CAD 14.9 million on December 9, 2024. According to the Agreement, Lithium Chile will acquire the additional interest by issuing 19,000,000 common shares and making a cash payment of CAD 2.7 million. Upon completion, Lithium Chile Inc. will own 80% stake in Arizaro Project in Argentina.
Lithium Chile is required to finalize the purchase within a 90-day timeframe. However, should Lithium Chile be engaged in finalizing a formal agreement for the sale of its stake in the Arizaro Project, the completion deadline will be extended to 60 days after the conditions of the sale agreement are met. Additionally, the purchase price for the additional interest in the Arizaro Project may be subject to adjustments under specific conditions. New Risk • Jul 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$134.1m (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (96% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$134.1m market cap, or US$97.3m). New Risk • Jun 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$130.0m (US$94.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (96% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$130.0m market cap, or US$94.8m). New Risk • May 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$24m free cash flow). Revenue is less than US$1m. Duyuru • Oct 18
Lithium Chile Inc. Announces 300 Mg/L Lithium on New Arizaro Exploration Well, Commencement of Pre-Feasibility Study and Operational Update Lithium Chile Inc. provided an update on its operations in Argentina and Chile. ARDDH-02-8 has been drilled to 538 metres with a very brine-rich, sandy formation encounteredat 487 metres. Onsite sampling with the field Turbospec analyzer on six samples collected over 51 metres, returned lithium grades between 297 mg/l and 319 mg/l. Samples sent to the laboratory reported the following grades: 505-metres to 506.5-metres 282 mg/l Li, 524.7-metres to 526.2-metres 300 mg/l Li, More sample results from the lower section of the well are pending. ARDDH-03-7 has been drilled to 600 metres. A 120-metre brine bearing formation of sands and gravels was encountered from 480 metres to end of hole at 600 metres. Prior to testing, a clay band at 170-metres swelled, restricting access of the sampling and logging tools intended to test the brine formation for lithium grades. The hole will be re-entered, opening the clay bottle neck to allow for casing to be installed, followed by sampling. This week a newly contracted rotary rig will begin drilling two additional water production wells on the Company's 100% owned, Chascha Sur freshwater concession where Lithium Chiles first water well was drilled. The intention of these two additional water wells is to collect the necessary data to apply for further water usage permits and secure water production for the Company's proposed Direct Lithium Extraction ("DLE") production facility. After completion of the two water production wells, the rig will move back to the main Arizaro property and drill two new production wells, AR-04 and AR-05. The wells are being drilled to provide additional data for the Pre-feasibility Study (PFS) as well as to provide future production wells on the salar. The two additional production wells, along with three new diamond drill holes will provide the supplementary data analysis required to better understand the reason behind the significantly improved lithium grades from the resampling program recently announced. Once drilled, data and test results from AR-04, AR-05 and three additional diamond drill holes will be used by Montgomery and Associates to interpret the impact of these improved grades on the overall resource calculation of Arizaro. The 43-101 resource update is expected by late November. Ausenco Engineering was contracted in early September and has commenced work on the Company's Pre-feasibility Study ("PFS") further advancing the economics and engineering on the Arizaro project. It is anticipated that the PFS will be completed by April 2024. Lithium Chile's wholly owned Argentinian subsidiary, Argentum Lithium, has been shortlisted on Block 4, one of five properties on the northern section of the Salar de Arizaro, released for bid by the Salta Provincial Mining Corporation, REMSA. It is anticipated the final winners of the bids forthe REMSA properties will be announced after the Argentina Federal election on October 22nd, 2023. Drilling at Molle Verde (Llamara) has just finished with the completion of the third hole. The rig is now moving to the last pad to drill the fourth hole. The first three wells encountered brine, with holes one and three exhibiting exceptional porosity, with hole 3 flowing brine up the drill pipe naturally. Sampling is underway and once completed, samples from all exploration holes will be batched and sent together for assay. Results will be announced when received. While sampling is being completed at Molle Verde, Lithium Chile will commence exploration work at its Aguilar property. This work will include sampling grid and TEM geophysics to define the position of three exploratory holes. Drilling on Aguilar to commence before year end. Interest continues to build amongst the major mining companies in Chile's lithium potential. The National Lithium Strategy introduced by the Chilean Government earlier this year has stimulated new interest in Chilean partnerships. Lithium Chile continues to explore various opportunities and potential joint ventures. New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$136.1m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (CA$136.1m market cap, or US$99.4m). Price Target Changed • Sep 22
Price target decreased by 15% to CA$1.55 Down from CA$1.83, the current price target is provided by 1 analyst. New target price is 115% above last closing price of CA$0.72. Stock is up 24% over the past year. The company posted a net loss per share of CA$0.012 last year. New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 108% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Duyuru • Aug 16
Lithium Chile Inc., Annual General Meeting, Oct 24, 2023 Lithium Chile Inc., Annual General Meeting, Oct 24, 2023. Duyuru • Jul 12
Lithium Chile Inc. Begins Drilling the First Exploration Hole on Its Salar De Llamara, Chile Lithium Chile Inc. announced that drilling has commenced on the Salar de Llamara, Chile. The drilling program is an exciting opportunity for Lithium Chile to advance its lithium projects in Chile and is designed to capitalize on the renewed interest in Chile's lithium projects by some of the major global lithium companies. The initial hole, POZO LL-01, is currently at approximately 150-metres of the planned 500-metre depth on the Company's 100% owned Salar De Llamara, Chile. POZO LL-01 is the first of a four well program designed to explore targets identified by a 74 km TEM Geophysical program on the Salar de LLlamara, Chile. The Salar de Llamara prospect is comprised of 35,500 hectares where historical drilling identified an underground brine aquifer with lithium grades of 343 mg/l. The drilling of each well is anticipated to take between two to three weeks. ARIZARO, ARGENTINA HIGHLIGHTS: The Company also reports a significant increase in the lithium grades following a resampling program on the Salar de Arizaro, Argentina. Resampling of diamond drill holes ARDDH-01, 04 and 05, along with production wells ARGENTO-01, 02 and 03 were completed by AMINCO S.A. using a GeoVista's Fluid Sampler Tool and reported by a certified laboratory. Work is underway to understand the impact and reasoning for these improved grades and what it means for the project as a whole. The resampling values will need to be subsequently validated by an independent, certified laboratory in order to be included in a Mineral Resource update. During the retesting, ARDDH-04 increased from an average grade of 264 mg/l lithium to an average grade of 683 mg/l lithium, over five samples. On ARDDH-05, the average lithium grade increased from 430 mg/l lithium to a average grade of 1,118 mg/l lithium, over four samples, with the highest-grade sample reported at 1,269 mg/l lithium. Drilling on ARDDH-07 (re-entry of ARDDH-03) has been completed and packer plus sampling has begun. The ini al hole, ARDDH-03 was only drilled to 400-metres with opera ons halted due to the rig capacity. Hole ARDDH-07 was completed to 601-metres and a brine aquifer was encountered below the 400-metre level. Ini al well site sampling with Turbospec Analyser indicated brine samples up to 271 mg/l lithium. Hole AADDH-07 was drilled due north of ARDDH-05 on the northern extension of the Arizaro claims. This is new territory on the Company's Arizaro drill program which could significantly increase the overall mineral resource. Duyuru • Jun 13
Lithium Chile Increases Lithium Resource by 28% with Grades of Up to 584 Mg/L from Diamond Drill Hole 5, Salar De Arizaro, Argentina Lithium Chile Inc. announced the results of an updated 43-101 resource report at the Salar de Arizaro. The Company reports that its diamond drill hole, ARDDH-05, added 671,000 tonnes of lithium carbonate equivalent (LCE) for a current project total, indicated and inferred resource of 3,323,000 tonnes of LCE. Diamond drill hole ARDDH-05 added 169,000 indicated tonnes of LCE and 502,000 inferred tonnes of LCE, for a total of 671,000 tonnes of LCE. The highest lithium grades on the Arizaro property to date, ARDDH-05 recorded grades of 584 mg/l. The addition of ARDDH-05 to the Company's 43-101 resource report increased the Company's total estimated LCE resource by 28%, to a total of 3,323,000 tonnes of LCE. Total estimated LCE resource for the Salar de Arizaro project is 1,530,000 tonnes LCE of indicated resource and 1,793,000 tonnes of LCE of inferred resource. Production hole ARGENTO-03 has completed aquifer testing; an updated resource will be announced once the data is evaluated and summarized. Diamond drill hole ARDDH-04 was only completed to 280-metres due to the wet, porous sands encountered at a depth of 210-metres; however over 70-metres of brine-bearing aquifer was identified with sample grades as high as 297 mg/l. Diamond drill hole ARDDH-06, which was drilled near ARDDH-04, has been completed to a depth of 457-metres with a 177-metre-thick brine-bearing aquifer encountered from 280 to 457 metres. ARDDH-06 has been tested using both packers and Hydrasleave depth-specific sampling with results forthcoming. Duyuru • Feb 18
Gator Capital Ltd. acquired a 19.35% stake in Lithium Chile Inc. (TSXV : LITH) from Chengze Lithium International Limited for CAD 34.6 million. Gator Capital Ltd. acquired a 19.35% stake in Lithium Chile Inc. (TSXV : LITH) from Chengze Lithium International Limited for CAD 34.6 million on February 16, 2023.Gator Capital Ltd. completed the acquisition of a 19.35% stake in Lithium Chile Inc. (TSXV : LITH) from Chengze Lithium International Limited on February 16, 2023. Duyuru • Jan 19
Lithium Chile Commences Drilling the Third Production Well on Salar De Arizaro in Argentina and Increases Its Interest in the Project to 62.2% Lithium Chile Inc. announce that drilling has commenced on the third production well, Argento-3, on the Salar de Arizaro. The location of the third production well is 10 kms North of Argento-2 and is designed to expand the size and extent of the brine aquifer and to increase the existing lithium resource. The well is currenting drilling through 55 meters with a 13.5-inch bit and is expected to take between 45 and 90 days to complete. Lithium Chile has increased its interest in the Salar de Arizaro joint venture from 60% to 62.2% while reducing the cash payments due to SMG S.R.L ("SMG"), by $145,000 US, for a total cost of $1,855,000 US. The increased interest is a result of SMG returning the 2,500-hectare, non- resource claims on Chascha Sur where the Company's water well was drilled. The reduction in total claims resulted in Lithium Chile acquiring the additional interest in the claims where the lithium resource is being developed. Lithium Chile owns the water well and has filed a permit to use 70m3/hr for future lithium production. The first meeting with the Ministry of the Environment in relation to the water permit has been held and the permitting process is moving forward. The Company is also pleased to announce that its new diamond drill rig arrived over Christmas and has begun drilling the fourth exploration hole on the Salar de Arizaro property. The diamond drill holes are designed to provide the Company with additional geological data on the structure of formations as well as supply brine samples for testing. This is the fourth of eight exploration holes planned that will help determine the best location for the fourth production well. The Company continues to production test it's Argento-2 well. Pump tests are ongoing while various tools such as a hydrasleeve and packers plus are employed to isolate and identify higher lithium grade zones. The overall porosity of this well is higher than what was encountered in the first well, Argento-1. Overall results will be announced once testing is completed. A downhole pump has been purchased and installed on the Argento-1 production well. The installation of this pump will allow for continuous production of brine to facilitate ongoing evaporation studies, advanced metallurgical studies, and the development of a hydrological model of the basin. All the information gathered in Arizaro will be used to complete aPreliminary Economic Assessment (PEA), Prefeasibility Study (PFS) as well as the final Environmental Impact Study (EIS); all expected to be completed by mid-2023. The Company is also pleased to announce it has retained Leandro Sastre as Senior Geological Consultant to oversee the geological development at the Salar de Arizaro. Mr. Sastre is a geology professional with over 20 years of experience in the international mining sector. He has worked extensively throughout Latin America with a focus on Argentina, Chile and Peru. Most recently Mr. Sastre served as Vice President of Exploration for Latin America and Asia-Pacificregion at Barrick Gold Corporation. Mr. Sastre's experience will be a valuable addition to the team. Duyuru • Dec 10
Lithium Chile Inc. Provides Positive Initial Metallurgical Test Work Results Received for the Arizaro Lithium Project Lithium Chile Inc. announced excellent results from preliminary metallurgical test work carried out to determine the best production processes for lithium extraction. Lithium Chile is assessing potential commercial development pathways for its Salta lithium brine project in Argentina, Arizaro. All metallurgical test work referenced in this report were completed using brine collected (2000 liters) in August 2022 from the first production well ARGENTO-01, finished under the first phase program which has a reported average grade of 300 mg/l of lithium. Most of the metallurgical testing completed to date has focused on selectively recovering lithium from brines using Direct Lithium Extraction Technologies ("DLE"), an alternative to the conventional evaporation process. DLE has the potential to shorten lithium extraction time and provide higher recovery of lithium, addressing the critical supply constraints and sustainability requirements to meet the surge in lithium demand due to the increased pace of adoption of electric vehicles and renewable energy. A baseline evaporation investigation is currently underway at Norlab´s facility in Salinas Grandes, Jujuy under the direction of Dr. Daniel Galli. The work aims to study small-volume samples for 2 paths: concentration to the point of loss of lithium in precipitated salts (as a constituent element of the crystals); and methodology for obtaining concentrated brine with low impurity content. Test work is underway for Direct Lithium Extraction (DLE) a technology that can reduce production time, increase recovery rates, eliminate large evaporation ponds, and reduce the environmental footprint. Brine was delivered to Chengxin's DLE facility in China for production tests as well as Summit Nanotech in Calgary, Alberta and Minería Positiva SRL in Salta, Argentina for analysis. The following are key outcomes of the DLE testing: MINERÍA POSITIVA SRL (MP+): MP+ conducted bench test on Selective Adsorption of Lithium using alumina-based adsorbent from a local producer. These tests include advanced chemical studies in the laboratory recently established in the province of Jujuy. The results show that the resin recovery factor averaged 5.6 mg Li/g of resin at a flow rate of 3 BV/h at 20°C. A maximum lithium recovery of 95% was achieved during adsorption, followed by a 76.4% elution of the recovered lithium in the elution output stream. The operational product according to the analyses has an average lithium concentration in the eluate (937 mg/L) greater than three times the concentration of the lithium concentration from that of the feed brine and a lower concentration of impurities. MP+ has made great progress on processing raw brine with Aluminum resin, currently testing pre-concentrated brine and performing additional tests to confirm results. Optimization of the DLE process and lithium conversion processes are being reviewed focusing the efforts on important operational variables such as water and energy consumption. Duyuru • Dec 06
Lithium Chile Inc. Announces Results of an Updated Resource Report at the Salar de Arizaro Lithium Chile Inc. announced the results of an updated resource report at the Salar de Arizaro. The update resulted in a significant increase to Lithium Chile's lithium carbonate equivalent resource. The increase is a result of the success of its second production well. That second well, drilled 3.6 kilometers away from the initial production test well, encountered significantly increased thickness in the brine reservoir between 343 meters and 598 meters of depth. Highlights: Total Indicated and Inferred resource from second well of 1,167,000 metric tonnes of lithium carbonate equivalent. Total Indicated resource from the first two wells is 1,337,000 metric tonnes and Inferred resource is 1,250,000 metric tonnes for a total of 2,587,000 metric tonnes of lithium carbonate equivalent an 81% increase over the first well. The third production test well is expected to start drilling within a week. The updated resource estimate was prepared by Montgomery and Associates, an independent engineering firm that has supervised the drilling program such that all parameters necessary to meet the requirements of NI 43-101 are fulfilled. Lithium Chile is proceeding with a production test well program that involves a total of 4 production test wells. Drilling of the third production test well slated to begin within the next week. It is noteworthy that Lithium Chile has designed the drilling program to include four production test wells in total. While each individual test well has a radius of investigation for resource estimate calculations, it is intended that upon completion of the fourth production test well, if successful, the area between the wells will thereafter be included in resource estimate calculations - all in accordance with the requirements of NI 43-101. Lithium Chile is also announced the completion of a successful fresh water well on the southern flank of the Salar de Arizaro. In June 2022, Lithium Chile identified a potential freshwater aquifer and drilled the target during July and August. A 100-meter-thick freshwater aquifer was encountered and during September, the well was completed, and equipment was installed to determine the productivity of the well. Based on data collected over September and October, a water usage application was submitted to the Salta Environmental Ministry for a permit allowing Lithium Chile to use up to 75 cubic meters of fresh water per hour. This production rate is more then sufficient to support Lithium Chile's plans for a 15,000 tonne a year production facility - using either DLE or evaporation production methods. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Kelly Kimbley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 04
Lithium Chile Completes Second Production Well on Their Salar Dearizaro Project, Argentina Lithium Chile Inc. provide an operational update on its Phase Two development program at Salar de Arizaro in Argentina. The Company reports the completion of its second production well, Argento 2, drilled to a total depth of 649 metres. The brine aquifer identified was 255 metres thick; a significant increase from the 132 metre aquifer on its maiden well previously reported in its initial NI 43-101 report with an indicated and inferred resource of 1,420,000 tonnes of lithium carbonate equivalent (LCE). With the knowledge gained from the recent drilling activity on the Company's Salar de Arizaro project, the Company has contracted another diamond drill rig. Four to five new exploration wells will be drilled to expand testing on other sections of the property. The ongoing exploration program is yielding valuable understanding of the structure and composition of the underlying lithium bearing aquifer. A 255 Metre Thick Brine Aquifer Identified Doubles Thickness of Brine Aquifer Intersected in the First Production Well and as Been Advised the Chengze Investment Is Under Review. Duyuru • Nov 03
Lithium Chile Inc. Announces Board Changes Lithium Chile Inc. announced the appointment of two senior officers from Chengxin Lithium Group (Chengxin) to the company's Board of Directors. The Company welcomes, Ms. Iu Ching, Deputy General Manager and Ms. Liu Yuedan, Overseas Investment Director, of Chengxin. Ms. Iu has considerable experience in capital markets and global resource investment. She took the lead of successful international M&A investments of Chengtun Group, the controlling shareholder of Chengxin. She is a Director on the Board and Deputy General Manager of Chengxin. Ms. Liu has strong experience in international lithium resource investment. She was deeply involved in overseas investments of Chengxin and now acts as the Overseas Investment Director of the Chengxin. Duyuru • Sep 15
Lithium Chile Provides Operational Update on the Phase Two Development Program on its Salar De Arizaro Project Located in Salta Province, Argentina Where Field Tests from the First Step Out Well Returned Lithium Grades in Excess of 340 Mg/L Lithium Chile Inc. announced that it has field tested 340 mg/l from the first hole of its Phase Two development program at Salar de Arizaro (Arizaro) - and that all aspects of the development program are progressing well. The Phase Two development program is designed to increase the Company’s previously announced 1,420,000 metric tonne lithium carbonate resource and to expand the commercial potential of the Arizaro project. Program Highlights: 340 mg/l in the first exploration hole is 14% higher than the resource grade used in the Company’s maiden resource report; Completed two of four planned exploration holes with a third hole underway; First of three planned production holes has commenced; Critical fresh water well completed encountering 100 metre fresh water aquifer; Metallurgical studies underway to determine best lithium extraction process. Exploration Holes - Highlights: The Company has completed the first two holes of its planned four-hole diamond drill program and is 250 metres into the third hole. The first hole was drilled approximately 5 kilometers away from the initial production test well yet encountered the brine aquifer at 357 metres, 25 metres deeper than the initial hole. The formation was still open in coarse black sands when drilling stopped at 465 metres as a result of the drilling rig capacity. Industry accepted field sampling was done using the Company’s Turbospec lithium analyzer and returned assays of 340 mg/litre of lithium. This grade was 14% greater than the 298 mg/l lithium grade used in the initial 43-101 report. Assay results are pending from the laboratory which will ultimately form the basis of an updated NI 43-101 resource report. The second hole had a thicker halite cap then encountered in the first hole and drilling was suspended at 400 metres. The hole will be completed using larger rotary rig which is capable of drilling to 800 metres. The third hole, located on the northern extension of the Company’s Arizaro claims, is currently at 250 metres. The halite cap appears thinner on the northern claims and consists of broken halite, mixed with sands and was encountered at shallower depths. Sampling has begun using a double packer system to ensure the most accurate results. Production Holes - Highlights: The large rotary drilling rig arrived on site two weeks ago and is currently drilling the first of the three production wells planned for this program. As this rig is capable of deeper drilling, the Company plans to drill an 18 inch diameter well to accommodate a 16 inch down hole pump, to a significantly deeper depth of 800 metres. Drilling is presently proceeding through 160 metres depth on this initial production well. The Company is completing a concurrent baseline environment impact study for a 5,000 metric tonne-per-year production facility for the three production wells that will be available after completion of the Phase Two development program which are expected to be completed early in the first quarter of 2023. Metallurgical Studies: The Company is conducting metallurgical studies on 2,000 litres of brine collected from the first production well completed in the First Phase Program. These tests include advanced chemistry studies at the Company’s recently established lab in Jujuy Province to determine best production processes for lithium extraction, conducting evaporation tests to determine concentrations that will yield optimum recovery of lithium. Evaporation tests will also allow for the precipitation of impurities associated with these brines. The Company has also delivered 150 litres of brine to Chengxin’s DLE facility in China for production tests. Lithium Chile is also in the process of shipping brines to Summit Nanotech’s facility in Calgary, Alberta for initial analysis. Water Well: The Company’s first, fresh water well has been drilled, completed, and cased on the southern border of the Salar de Arizaro. Over 100 metres of freshwater aquifer was identified. Testing has now begun on flow rates and recharge rates and this data will be submitted to the Salta Provincial Water Ministry in support of a future application to use a percentage of the water for lithium carbonate production. Mobile Camp: The Company’s camp on the Salar de Arizaro has been expanded to accommodate 50 employees as a result of significantly expanded operations currently underway. The camp is complete with a kitchen, dining room and health & safety modules. The on-site camp allows for non-stop operations and significantly reduces the Company’s travel costs. Duyuru • Aug 24
Monumental Minerals Corp. (TSXV:MNRL) it has signed a letter of intent to acquire a 50.01% in Salar de Turi Project from Lithium Chile Inc. (TSXV:LITH) for $0.7 million. Monumental Minerals Corp. (TSXV:MNRL) it has signed a letter of intent to acquire a 50.01% in Salar de Turi Project from Lithium Chile Inc. (TSXV:LITH) for $0.7 million on August 23, 2022. The cash payment of aggregate $0.7 million is done according (i) $0.2 million upon final TSX Venture Exchange approval of this proposed transaction, (ii) $0.25 million on or before the fourteenth month anniversary of the Acceptance Date and (iii) $0.25 million on or before the second anniversary of the Acceptance Date. Issue and deliver to Lithium Chile, that number of common shares of Monumental that would result in Lithium Chile holding, on a non-diluted basis, 9.9% of the issued and outstanding common shares of Monumental, within ten days of the closing of Monumental’s next completed financing. The proposed transaction between Monumental and Lithium Chile is subject to, among other things, the execution of the Definitive Agreement and TSX Venture Exchange approval. Duyuru • Jul 07
Lithium Chiles Provides Operational Update on the Phase Two Drilling Program on Its Salar De Arizaro Project Located in Salta Province, Argentina Lithium Chile Inc. announced 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 anticipated that the target zone identified in Lithium Chile's recently completed pump test well will be entered within 10 days. While these holes are not designed to be production holes, they will provide the company with valuable data such as porosity, grades, and structural characteristics of the formation. It is anticipated that each of these exploration holes will take 45 days to complete. Samples will be taken throughout the drilling program with results being announced as they are received. One goal of these exploration holes is to increase the Company's knowledge of the deposit. However, by successfully expanding the known arial extent of lithium bearing brines in the Salar de Arizaro, the Company expects that a material upward revision to its resource estimate would follow. The rotary rig contracted to drill the first fresh water well on the Salar de Arizaro was mobilized on June 22, 2022, such that drilling on the Company's southernmost claims is also underway. It is anticipated that the water well will take 3 weeks to drill to a total depth of 120 meters. Fresh water is critical for the production of lithium carbonate whether using traditional evaporation methods or new direct lithium extraction (DLE) technologies. After completion of the water well, the larger rotary rig will move on to the Company's larger central claim block and begin drilling the first of 3 planned production wells. These 3 production capable wells are also designed to expand the Company's initial resource estimate and provide the added benefit of accelerating the production potential of the Salar de Arizaro deposit. Concurrent with the start of our drilling program, a mobile camp was built to accommodate the workers on-site. The on-site camp will house our employees which allows for non-stop operations and will significantly reduce the Company's travel costs. Duyuru • Jun 24
Wealth Minerals Ltd. (TSXV:WML) completed the acquisition of 1,600 hectares of Additional Ground in Ollagüe Salar from Lithium Chile Inc. (TSXV:LITH). Wealth Minerals Ltd. (TSXV:WML) signed an agreement to acquire 1,600 hectares of Additional Ground in Ollagüe Salar from Lithium Chile Inc. (TSXV:LITH) for approximately CLP 510 million on May 3, 2022. Pursuant to the terms of the agreement, Wealth is obligated to Lithium Chile, upon the completion of due diligence, to issue 2,000,000 shares of Wealth Minerals. An additional payment of 1,000,000 shares is payable by Wealth to Lithium Chile if within twelve months Wealth either establishes within the acquired licenses a resource with an average grade of 300 parts per million lithium content, or a test well on the acquired licenses that produces material which tests no less than 300 parts per million lithium content. If Wealth does not conduct work necessary to potentially determine a resource or does not have a test well to produce material for lithium testing within twelve months, then Wealth is obligated to pay 500,000 shares to Lithium Chile. If the work necessary to potentially determine a resource or run a test well is completed, but a resource or test well does not produce an average grade higher than 300 parts per million lithium, then no further share payments are due by Wealth to Lithium Chile. The Transaction is subject to TSXV approval.
Wealth Minerals Ltd. (TSXV:WML) completed the acquisition of 1,600 hectares of Additional Ground in Ollagüe Salar from Lithium Chile Inc. (TSXV:LITH) on June 23, 2022. Duyuru • Jun 11
Lithium Chile Inc. Commences Phase 2 Development Program on Its Salar De Arizaro Property, Salta Province, Argentina Lithium Chile Inc. announced 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 (4) additional exploration holes and three (3) 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 exploration rig already on location. Site preparation is nearing completion such that drilling of the first exploration hole is anticipated to begin during the week of June 13th. Work progress to date includes: i) a 1,200 metre main road has been re-conditioned; ii) roads into new drill platforms 1 and 2 have been completed; and iii) drill pads for holes 1 and 2 have been completed. In preparation for moving to the next drilling locations, a new road into drill pad 3 has been started as has construction on the drill pad for hole 3. Site preparation for the mobile camp that will house the drilling crews for the duration of the development program has been completed such that the camp will be mobilized shortly. In the meantime, the drilling crew is being housed in the nearby community of Tolar Grande. Lithium Chile has also begun work on setting up and installing its own full time pumping system on the first production test well which was completed in December of 2021. The pumping system will be comprised of an on-site generator and a 30 hp submersible pump designed to allow for continuous production of brine from this first well. This will not only facilitate ongoing metallurgical studies and prepare battery grade lithium carbonate tests, but it will also provide the platform for a future production well. A special agreement was achieved with an advanced titanium oxide resin for testing; the complete metallurgical set for different scenarios has begun in collaboration between Minería Positiva and Norlab. These set includes: Pervaporation testing; Lithium extraction with three different resins; Concentration of solution using advanced distillation membrane trough KMX technology and others. Initial lithium carbonate production tests. Each well will be sampled and assayed continuously during the drilling process. Lithium Chile will announce the results from these sample assays as they are received. The entire Phase 2 program is anticipated to be completed in 6 to 9 months with an updated 43-101 resource report to follow shortly thereafter. In addition to the Phase 2 drilling program, mobilization of the Company's 120 metre exploration water well has commenced. Located in an area where approximately 70% of the freshwater flows into the basin, the well is expected to provide the water source for future production wells and the production plant. Having a fresh water resource will be critical for future development plans and is another significant milestone in advancing Arizaro project. Duyuru • May 17
Lithium Chile Inc. announced that it has received CAD 27.911 million in funding from Chengxin Lithium Group Co., Ltd. On May 16, 2022 Lithium Chile Inc. closed the transaction. The transaction included participation from returning investor Chengxin Lithium Group Co., Ltd. (SZSE:002240). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kelly Kimbley was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 06
Lithium Chile Inc. announced that it expects to receive CAD 27.911 million in funding from Chengxin Lithium Group Co., Ltd. Lithium Chile Inc. announced a non-brokered private placement of 29,380,000 common shares at a price of CAD 0.95 per share for gross proceeds of CAD 27,911,000 on April 4, 2022. The transaction will include participation from a wholly owned subsidiary of returning investor Chengxin Lithium Group Co., Ltd. In conjunction with the transaction, the investor will be entitled to nominate two directors to the board of directors of the company. Post closing of the transaction, along with the exercise of the investor's existing warrants, investor's stake in the company will increase to 19.86%, resulting in total investment of CAD 34,553,866. The transaction is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. All securities to be issued in the transaction will be subject to a four month hold period from the date of the closing. Recent Insider Transactions Derivative • Mar 04
Independent Director exercised options to buy CA$284k worth of stock. On the 25th of February, Kenneth Booth exercised options to buy 350k shares at a strike price of around CA$0.25, costing a total of CA$88k. This transaction amounted to 330% of their direct individual holding at the time of the trade. Since March 2021, Kenneth's direct individual holding has increased from 106.00k shares to 456.00k. Company insiders have collectively bought CA$77k more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Feb 16
Lithium Chile Inc. Commences Phase Two of the Resource Expansion Program on Their Salar de Arizaro Project Lithium Chile Inc. announced it has commenced their phase 2 drilling program consisting of three, 500-metre-deep step-out holes aimed at expanding the lithium resource and increasing the grade on the Arizaro property. The program is announced after an initial resource of 1,420,000 tonnes of lithium carbonate ("Li2CO3") equivalent in the Indicated and Inferred Resource categories was reported on their maiden well. Well permitting and an environmental impact study are currently underway. Drilling of the first well is anticipated by the end of March. The 3 well program is scheduled to take 6 months. As recommended by the company's QP, Montgomery & Associates, steel casing will be installed down the wellbore and the upper halite will be cemented off to prevent dilution by lithium-poor brine from the upper zones. On the Company's initial well, samples during various tests returned values up to 555 mg/ls. Duyuru • Feb 09
Lithium Chile Inc Reports an Initial Lithium Resource Statement for Its First Test Well in the Arizaro De Salar Project Lithium Chile Inc. reported an initial lithium resource statement for its first test well in the Arizaro de Salar project. The NI 43-101 resource statement, detailed in Table 3.2 below, includes 1,420,000 tonnes of lithium carbonate equivalent in the Indicated and Inferred Resource categories. 1,420,000 tonne, NI 43-101 compliant lithium carbonate equivalent resource; Grades as high as 555 mg/litre, higher than average in the Salar; 21.94 litres per second average pumping rate, higher than average in the Salar; Resource estimate from only 29% of the main concession block leaving abundant area for resource expansion; NI 43-101 report recommends a second program of USD 2 million and three holes aimed at: Establishing a measured resource Significantly increase the lithium carbonate equivalent resource. The Project is located in the Arizaro Salar located in the Salta province of northwest Argentina - about 170 kilometers (km) from Salta. Salta is considered the best investment district in the Lithium Triangle according to the Fraser Institute. Lithium Chile controls 23,300 ha of legal concessions located mainly in the central part of the salar which is strategically located close to the best water supply area. Arizaro is the largest salar in Argentina and one of the most important in all of Puna Region - becoming an important new mining area because of the success of recent lithium projects. An initial resource estimate just in a limited portion of concessions totaled 1,420,000 tonnes of lithium carbonate equivalent consisting of 895,000 tonnes of Indicated Resources together with 535,000 tonnes of Inferred lithium carbonate equivalent. The resource report suggests that resources in the measured category will be established by additional drilling which will also increase the indicated and inferred volumes appreciably. Pump testing included step-discharge and constant discharge tests which achieved an average pumping rate of 21.94 litres per second and transmissivity of 100 m2/d which is considered very good in comparison with other salars in the region. Several brine samples were collected from the initial test well, known as Argento-1, During the drilling of the well, during testing of the overall aquifer, and subsequently over specific intervals in the reservoir using a Hydra-sleeve and inflatable packers, permitted Lithium Chile to obtain depth-specific samples. Hydra-sleeve samples yielded values up to 446 mg/l of Li. Using the inflatable packer system, lithium samples returned values up to 555 mg/ls. Based on potential dilutions and grade shown during pump testing, an average of 298 mg/lt of Li was used in resources calculation. Lithium Chile plans on a follow up phase 2 program of three 500 meter deep exploration holes aimed at expanding the lithium resource on the Arizaro property. The program is budgeted at USD 2,000,000 and is scheduled to commence immediately. Lithium Chile is conducting operations through its Argentinian subsidiary Argentum Lithium. Argentum Lithium has fostered a good relationship with local communities within the region through its “Shared Value Philosophy”. It has strong relationships with Tolar Grande, the closest town which is the last inhabited point in the province on the frontier with Chile. Duyuru • Jan 25
Lithium Chile Inc. announced that it has received CAD 7.042 million in funding On January 24, 2022, Lithium Chile Inc. closed the transaction. The company has issued 10,060,000 units for a total gross proceeds of CAD 7,042,000. Duyuru • Dec 21
Lithium Chile Inc. announced that it expects to receive CAD 5.25 million in funding Lithium Chile Inc. announced a non-brokered private placement of up to 7,500,000 units at a price of CAD 0.70 per unit for aggregate gross proceeds of up to CAD 5,250,000 on December 20, 2021. The transaction will include participation from one institutional investor. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant shall be exercisable at CAD 0.85 per common share for a period of 24 months from the date of closing. 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. Duyuru • Dec 12
Lithium Chile Completes Reconaissance Exploration Program on Apolo and Sancarron Gold-Siver Properties in Chile Lithium Chile Inc. announced it has completed an exploration program on its Apolo and Sancarron Properties in the El Indio gold and silver belt in Chile. This is the first exploration program ever conducted on these two prospects by Lithium Chile. The program involves a helicopter born reconnaissance and sample program on four of the numerous alteration zones on the properties. The samples collected have been delivered to the ALS Laboratory in La Serena, Chile for assaying. The program was designed to access the potentiality of both properties for high grade vein and disseminated gold - silver deposits such as the multi-million ounce El Indio (20 km south) and Pasqua Llama (35 km north) deposits. It is Lithium Chile's intent to seek a joint venture partner to move both projects forward and the data collected from this initial program is designed to facilitate that process. The Apolo/Sancarron properties cover an area of 5,229 hectares in total. Duyuru • Jun 30
Lithium Chile Inc. Announces Continuing Positive Results Based on Its Recently Completed Phase 3 Surface Exploration Program Lithium Chile Inc. announced 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. 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. Duyuru • Jun 10
Lithium Chile Inc. Provides Operational Update on its Argentinian Lithium Project Lithium Chile Inc. announced that significant progress has been made towards the drilling of the Company's initial production test well on its Arizaro property in Salta Province, Argentina. The initial operational meeting was held within a week of signing the LOI and plans continue to unfold quickly. Once the definitive agreement is completed prior to July 12th, the Company hopes to begin drilling the production test well. Drilling should take approximately 8 weeks with a 30-day pumping test to follow. The test is designed to analyze and collect data from the target zone that will prove the potential commerciality of the aquifer identified in an earlier exploration program. Duyuru • Mar 04
Lithium Chile Inc. Announces Assay Results from its Laguna Blanca Lithium and Cesium Sampling Program Lithium Chile Inc. announced assay results from the Company's completed follow up exploration program on its Salar de Laguna Blanca and completion of the reconnaissance TEM geophysical survey at Salar de Los Morros. The Company announces that its reconnaissance TEM geophysical survey at its Los Morros lithium property was completed February 25th with results expected mid-March. The TEM survey is intended to define locations for three exploration holes which the Company will file for permission to drilling immediately after reviewing the TEM survey results. Due to COVID-19 the courts in Chile are still restricted to handling serious crime and emergency health and welfare cases. The court had previously stated they would grant Lithium Chile the right of access to carry out company proposed drill program at Coipasa. The amount of financial compensation the Company is obligated to pay to the local indigenous community, who holds title to the surface rights, is determined by the courts. Pre-COIVID-19, Lithium Chile was required to have a court certified assessor visit the property and evaluate its commercial value as part of said compensation award process. Unfortunately, the court had not set the compensation award before the COVID-19 restrictions were imposed but it is expected to be under review in March. Recent Insider Transactions • Feb 24
Chairman of the Board recently sold CA$379k worth of stock On the 15th of February, Albert Kroontje sold around 450k shares on-market at roughly CA$0.84 per share. In the last 3 months, they made an even bigger sale worth CA$682k. Albert has been a seller over the last 12 months, reducing personal holdings by CA$1.4m. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.45 The company is up 187% from its price of CA$0.15 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Duyuru • Feb 04
Lithium Chile Announces TEM Geophysical Program on its Los Morros Property Lithium Chile Inc. announce that it has contracted Geoxploraciones SA Chile to run a 17 km transient electromagnetic survey on its 100% owned Los Morros lithium bearing property. TEM has been shown to be a valuable tool in identifying highly conductive subterranean brine aquifers. Lithium Chile's prior TEM surveys have proven highly accurate in defining the principal brine aquifers on both of the Company's previously drilled Ollague and Turi properties. Salar De Los Morros Property Highlights: 17 sq km covering 30% of the south sector of the salar; Brine samples taken by Lithium Chile from historic bore holes returned lithium grades up to 700mg/l; Historic drill hole logs describe the conductive zone as loose gravel and sands containing brine beginning at 50 to 75 meters below surface; Historic down hole geophysical surveys indicate 100+ meter thick conductive anomaly underlying the whole property. The TEM survey is intended to identify locations for 3 additional exploration holes which the Company will seek permits for immediately after evaluation of the TEM survey. The absence of Indigenous surface claims on the Salar de Los Morros property is expected to expedite the permitting process. Duyuru • Feb 03
Lithium Chile Inc. announced that it expects to receive CAD 3.5 million in funding Lithium Chile Inc. (TSXV:LITH) announced a non-brokered private placement of up to 12,500,000 units at a price of CAD 0.28 per unit for gross proceeds of up to CAD 3,500,000 on February 2, 2021. Each unit consist of one common share and one common share purchase warrant with each warrant exercisable at a price of CAD 0.60 per common share for a period of 24 months from the date of closing subject to an acceleration clause such that the expiry date for the warrants may be accelerated at the company's discretion upon the common shares trading at or above CAD 0.75 per share for a period of 20 consecutive trading days. The company may pay a cash commission or finder's fee to qualified non-related parties of up to 7% of the gross proceeds, including the over-allotment option and broker warrants equal to up to 7% of the number of Units sold, including the over-allotment option. The transaction is being offered to all of the existing shareholders of the company who are permitted to subscribe pursuant to the existing shareholder exemption. This transaction is open until March 15, 2021 or such other date or dates as the company determines and one or more tranches are expected to occur, with the first tranche anticipated for on or before February 17, 2021. The completion of the transaction is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The common shares, warrants and broker warrants issued will be subject to a four month hold period from the date of the closing of the transaction. The transaction may include participation from insiders of the company. Is New 90 Day High Low • Jan 21
New 90-day high: CA$0.42 The company is up 211% from its price of CA$0.14 on 22 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Duyuru • Jan 14
Lithium Chile Inc. Announces That It Has Recommences Exploration Efforts At Its Laguna Blanca Lithium/Cesium Property Lithium Chile Inc. announced that it has recommenced exploration efforts at its Laguna Blanca lithium/cesium property where a geological team is currently conducting a program of salts and liquids sampling. The program is intended to extend the initial sampling program which covered less than 10% of the 4600-hectare property but returned high lithium and cesium grades from surface salt-sediments to a depth of 1.2 meters as reported by ALS Labs. Lithium assay grades range from 1125 to 1450 ppm. Cesium assay grades range from 112 to 688 ppm. The high grades of both lithium and cesium in the solid samples has made an advanced exploration program on the Laguna Blanca property a priority for Lithium Chile as the lithium and cesium grades were some of the grades seen by the Company to date. The U.S. Geological Survey designated cesium as a strategic mineral in May 2018. Demand and prices for cesium have risen recently, primarily driven by its use in 5G mobile networks. There are currently only three producing cesium mines in the world, all of which are controlled by Chinese companies. More importantly, the ability for Lithium Chile to get their exploitation team on the ground at Laguna Blanca reflects the easing of Covid 19 restrictions that have been in place in Chile since early in 2020. Easing of these restrictions will allow Lithium Chile to advance its other lithium projects as well. Is New 90 Day High Low • Jan 06
New 90-day high: CA$0.26 The company is up 58% from its price of CA$0.17 on 07 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Duyuru • Dec 18
Lithium Chile Inc. Reports the Recent Completion of Additional Sampling on Its 100% Owned Carmona Gold and Silver Property Lithium Chile Inc. reported the recent completion of additional sampling on its 100% owned Carmona gold and silver property. Background: As a result of the strong results achieved from the Company's October sampling program on the Carmona property's Southern Zone additional sampling of the zone was completed in November 2020. This second sampling program uncovered additional copper oxide, secondary chalcocite, chalcopyrite, bornite and pyrite bearing veins and breccia zones that define a NE-SW trending 300m wide and 900m long zone with in the gold-silver-copper soil anomaly that was identified during the earlier phase of sampling. While the bulk of the assays are pending, results reported to date have increased the size of the anomaly to 1.8 km2 and rock sample assays from the new veins discovered within the Southern Zone include the following results 5.9g/t to 9.3 g/t gold with, 133 g/t to 264 g/t silver with, 1.09% to 4.69% copper with, 0.11% cobalt. The Company continues to be highly encouraged by the results from the Southern Zone and once all of the sample results have been received and evaluated, the Company plans to carry out an Induced Polarization geophysical survey with a view to establishing priority targets for a reconnaissance drilling program. To facilitate mapping and continued exploration activities on the Central Zone the Company is currently upgrading its access road into the Central Zone from which previous rock samples returned assays up to 26.2 g/t gold and 235 g/t silver. Duyuru • Sep 19
Lithium Chile Inc. (TSXV:LITH) acquired Carmona-Garillas Claims Block. Lithium Chile Inc. (TSXV:LITH) acquired Carmona-Garillas Claims Block on September 17, 2020.
Lithium Chile Inc. (TSXV:LITH) completed the acquisition of Carmona-Garillas Claims Block on September 17, 2020. Is New 90 Day High Low • Sep 19
New 90-day low: CA$0.22 The company is down 17% from its price of CA$0.27 on 19 June 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Duyuru • Sep 18
Lithium Chile Inc. Receives Assay Results from the Second Set of Samples Taken from its 100% Owned Carmona Gold and Silver Property Lithium Chile Inc. announced it has received assay results from the second set of samples taken from its 100% owned Carmona gold and silver property. These assay results are from samples taken on additional claims recently staked which are adjacent to the Company's existing Carmona claims. The highlights are as: Assays are from initial reconnaissance rock and sediment sampling eight kilometers west of the main Carmona claims on the newly acquired Carmona-Garillas claims block. Assays results from rock chip samples range from 1.4 - 21.4 g/tonne gold and 3 - 329 g/tonne of silver. The area of the claims sampled to date covers a three-square km zone of hydrothermal alteration containing gold-silver rich veins and breccia zones hosting several active artisanal workings. During the Company's recent exploration program of detailed geological mapping and sediment and rock sampling an additional 380 samples were taken over the south zone of the main Carmona claim block. Assay results from this second phase program are expected over the next 30 days. Duyuru • Jul 31
Lithium Chile Inc. (TSXV:LITH) completed the acquisition of Prospective Gold Properties from Kairos Metals Corp. Lithium Chile Inc. (TSXV:LITH) entered into an agreement to acquire Prospective Gold Properties from Kairos Metals Corp. for CAD 0.4 million on March 4, 2020. Lithium Chile will reacquire these properties that were transferred to Kairos Metals in the spin out transaction in 2018. Concurrently, the promissory note issued by Kairos to Lithium Chile in the amount of CAD 2.3 million ($1.6 million) will be terminated and under the terms of the agreement, the promissory note previously granted by Kairos Metals to Lithium Chile, which matures on May 8, 2020 in the amount of CAD 1.4 million has been revised to the amount of CAD 1 million and matures on November 30, 2021. The transaction is subject to regulatory approval.
Lithium Chile Inc. (TSXV:LITH) completed the acquisition of Prospective Gold Properties from Kairos Metals Corp. on April 18, 2020. Transaction received TSX Venture Exchange approval.