Lithium Chile Inc. increases lithium resources by 24% Lithium Chile Inc. increases lithium resources by 24%, with grades of up to 538 mg/L, at Salar de Arizaro, Argentina
FRC Opinion: Positive – Resources increased by 24% to 4.12 Mt lithium carbonate equivalent. Grades increased by 2% to 323 mg/L. The company will complete another resource update prior to a PFS. LITH is up 20% YoY despite lithium prices being down 36% YoY, as we believe the Arizaro project is turning into an attractive M&A target for larger players. We will publish a detailed update shortly.
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results