Analysts support Lithium Chile's plan to monetize... Lithium Chile Inc. has completed an updated resource estimate for its flagship Arizaro de Salar project in Argentina. Resources increased by 24% to 4.12 Mt Lithium Carbonate Equivalent (LCE). The average grade increased to 323 mg/L (previously 317 mg/L). M&I resources account for 61% of total resources (previously 52%), implying increased confidence.
LITH is spinning out all of its other projects into two new publicly listed entities. Shareholders will get free shares of the new entities. Fundamental Research Corp's analysts support this plan as it allows Lithium Chile to monetize these assets while streamlining its corporate structure for potential M&A related to the Arizaro project.
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