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Lithium Chile Inc V.LITH

Alternate Symbol(s):  LTMCF

Lithium Chile Inc. (Lithium Chile) is a Canada-based exploration company. The Company is engaged principally in the acquisition, advancement and development of mineral properties in Chile and Argentina. The Company has a property portfolio consisting of 11 properties encompassing 106,136 hectares in Chile together with 29,245 hectares on the Salar de Arizaro in Argentina. The Company also owns four properties in Chile totaling 22,433 hectares that are prospective for gold, silver and copper. Its projects include Salar De Arizaro, Salar De Coipasa, Salar De Llamara, Salar De Turi, and others.


TSXV:LITH - Post by User

Post by JasleenDhakaon Feb 22, 2023 7:43pm
280 Views
Post# 35299715

LITH welcomes new shareholder!

LITH welcomes new shareholder!

Lithium Chile Inc./TSXV: LITHWelcomes significant new shareholder following the government ordered divesture of Chengze’s ownership

Analyst Opinion: Chengze Lithium (SZSE:002240) has divested its ownership in LITH. Last year, the Canadian government had ordered Chengze and two other Chinese firms to divest of their investments in Canadian lithium juniors. Chengze has sold its 19.3% interest in LITH to Gator Capital Ltd. (an investment manager based out of Toronto) for $35M, or $0.91 per share. This deal reflected a 17% premium to LITH’s last closing price. We believe this premium reflects Gator’s conviction in LITH’s projects and its management team.   

Liked the commentary? Become a Free subscriber with us and read more: https://www.researchfrc.com/tesla-is-planning-to-acquire-this-lithium-junior/https://www.researchfrc.com/tesla-is-planning-to-acquire-this-lithium-junior/

 

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.

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