Ms. Jessica Helm reports
LSC LITHIUM ANNOUNCES STRATEGIC PARTNER IS PRODUCING LITHIUM CARBONATE AS PART OF ITS DXP DEMONSTRATION PLANT COMMISSIONING PROCESS
LSC Lithium Corp.'s strategic partner, Enirgi Group Corp., is in the final stages of full commissioning of its commercial-scale demonstration lithium carbonate processing plant (DXP plant) and is producing lithium carbonate on a daily basis. The DXP plant is located at Enirgi Group's lithium project at the Salar del Rincon in Salta, Argentina.
LSC is very pleased with the rapid ramp-up progress and success made at Enirgi Group's lithium project and is excited about the significant milestone it has reached in producing lithium carbonate from raw, unconcentrated bine in less than 24 hours. Enirgi Group hosted a group of analysts from five major investment banks at its lithium project on May 25, and the group had a first-hand look at its direct extraction process technology. The DXP technology has been developed to produce final lithium carbonate product from raw brine in less than 24 hours. Conventional solar evaporation processes for lithium carbonate production from brine require production time frames exceeding nine months. LSC and Enirgi Group are strategically co-operating on lithium development in northern Argentina pursuant to a relationship agreement whereby, among other things, the parties will examine the most economic solution to process LSC's brines which may include supplying LSC's brines for processing at Enirgi Group's planned facility.
Should the economic viability and technical feasibility of the company's projects be established and it proceeds to production, LSC will have exclusive access to provide third party brines for processing at Enirgi Group's planned processing facility. LSC anticipates brine samples from the various LSC projects will be available for process analysis by Enirgi Group's innovation division and at the lithium processing facility.
Qualified person
The technical and scientific information disclosed in this press release has been reviewed and approved by Don Hains, PGeo, a qualified person as defined under National Instrument 43-101.
To review Enirgi Group's news release dated May 29, 2017, and for an up-close look at the progress being made at Enirgi Group's lithium project, please visit Enirgi's website.
For further information relating to the relationship agreement between LSC and Enirgi Group, please refer to the filing statement dated Jan. 27, 2017, and NI 43-101 report dated Jan. 27, 2017, available on LSC's SEDAR profile.
About LSC Lithium Corp.
LSC has amassed a large portfolio of tenements on prospective lithium-rich salars in northern Argentina. LSC's six major development plays are on the salars Pozuelos (pending completion of the acquisition), Pastos Grandes, Salinas Grandes (Salta), Salinas Grandes (Jujuy), Rio Grande and Jama, all of which are located in the Lithium Triangle, an area at the intersection of Argentina, Bolivia and Chile where the world's most abundant lithium brine deposits are found. After completion of announced acquisitions, LSC will hold a land package portfolio totalling approximately 300,000 hectares, which represents extensive lithium prospective tenement holdings in Argentina.
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