Lithium Chile Inc V.LITH

Update

[Bandmanblues]

Lithium Chile Inc and Chengxin Lithium Group to Meet and do a Site Visit at the Salar de Arizaro Project in Salta Province Argentina

•  Lithium
•  
•  Argentina

TSX.V: LITH
www.lithiumchile.ca

Mr. Steven Cochrane reports:

CALGARY, ALBERTA - TheNewswire - February 22, 2022 - Lithium Chile Inc. (“Lithium Chile” or the “Company”) (TSXV:LITH) (OTC:LTMCF) is pleased to announce that the company’s Argentinean management team will be meeting the technical team of Chengxin Lithium Group Co., Ltd. (“Chengxin”) on Tuesday February 22, 2022, in Salta Argentina. The plans are to jointly travel to Lithium Chile’s recently completed production test well on the Salar de Arizaro property. The purpose of the meeting is to discuss the Company’s phase 2 exploration program and further cooperation between Lithium Chile and Chengxin. The Company believes Chengxin’s experience and technical expertise in processing lithium brines will help advance the company’s Arizaro project.

President and CEO, Steve Cochrane shares, “Together, working in collaboration with Chengxin Lithium, we will unlock the full potential of the Arizaro project, optimizing exploration and mining methods while respecting the environment and the local biodiversity”.

Results from the phase 2, three well drill program of the Arizaro project are expected to be released after the completion and testing of each well. The Environmental Impact Assessment (EIA) was completed earlier than anticipated which will allow for the assessment and the drilling permits to be filed this week. This will accelerate the phase 2 program with additional updates to follow shortly.

Lithium Chile Inc. also announces that it has granted stock options to the Directors and consultants of the Company to purchase 750,000 Common Shares, with an exercise price of $0.88 per share, subject to vesting terms and exercisable for up to 5 years. The option grant is subject to the approval of the TSX Venture Exchange.  

[vitreum3]

Look at Chengxin doing to Lith what Russia is doing to Ukraine, biting off small pieces multiple times until they have it all. They own 5% now, next will be 9.9% at a price higher than the current price. Once they have the results of the 3  wells, it will be time for a bigger bite, maybe taking  them up to 20%. If they ever get to 20, it wuld be difficult for LITH to find another buyer

[tiger2201]

Hi vitreum3, I am not sure how can you compare Chenxin with Russia?  They are COMPLETELY different.  Chengxin as an investor, it shows its interest in LITH and our Argetina project's value. tiger

[vitreum3]

An analogy too far You think? Or a sense of facetiousness too small? The meeting on the salt flats of Arizaro is over and the report has gone to the head office. Now the money men will consider their acquisition objectives, strategy and investment budget.  I suspect they will come to  a decison fairly quickly and will not wait for the 3 well program to be completed and reported on