LTMCF - Fundamental Research Corporation Begins Coverage of Lithium Chile Inc.
(TheNewswire)
CALGARY, ALBERTA – TheNewswire- September 20, 2021 –Lithium Chile Inc. (“ LithiumChile ” or the “ Company ”) (TSXV: LITH) (OTC:LTMCF) announces the initiation ofcoverage and the first research publication by Fundamental ResearchCorporation.
Steve Cochrane, President and CEO of Lithium Chilecommented: “ We aredelighted to have research coverage being initiated by FundamentalResearch Corporation and welcome their positive outlook. We see thisas an important piece of research which will give our existinginstitutional and retail shareholders, and potential shareholders, anexcellent overview of Lithium Chile, its outstanding portfolio ofproperties and the huge potential of its key properties – includingArizaro in Argentina and Laguna Blanca in Chile.”
HIGHLIGHTS
-
- Initial and Ongoing ResearchCoverage by well-respected Research company – Fundamental ResearchCorporation
- Positive recommendation and outlookfor Lithium Chile
- Well positioned to capitalize onthe 4 fold rise in lithium carbonate prices over the last 8months
- Major production test underway onArizaro prospect in Argentina
Copy of the Research Report is available here:
https://www.researchfrc.com/company/lithium-chile-inc/
Or, please copy and paste the below into a new browser
The Company also announces the grant of 400,000 stockoptions to a director of the Company (the “Options”) in accordancewith the Company's stock option plan. The Options are exercisable fora period of ten years at $0.47 and will vest as to one third each onthe date of grant and the first and second anniversaries of the grant.The Options are subject to the policies of the TSX Venture Exchange.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolioconsisting of 68,800 hectares covering sections of 10 salars and twolaguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22429hectares, that are prospective for gold, silver and copper.Exploration efforts are continuing on Lithium Chile’s Carmonagold/silver/copper property which lies in the heart of the Chileanmega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-Vunder the symbol “ LITH ” and on the OTC-BB under the symbol“ LTMCF ”.
To find out more about Lithium Chile Inc., pleasecontact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager viaemail jdecastroalem@gmail.com
NEITHER THE TSXVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE INTHE UNITED STATES OF AMERICA
Fundamental ResearchCorporation (FRC) Disclaimers and Disclosure
The opinions expressed in this report are the trueopinions of the analyst about this company and industry. Any“forward looking statements” are our best estimates and opinionsbased upon information that is publicly available and that we believeto be correct, but we have not independently verified with respect totruth or correctness. There is no guarantee that our forecasts willmaterialize. Actual results will likely vary. The analyst andFundamental Research Corp. “FRC” does not own any shares of thesubject company, does not make a market or offer shares for sale ofthe subject company, and does not have any investment banking businesswith the subject company. Fees were paid by LITH to FRC. Thepurpose of the fee is to subsidize the high costs of research andmonitoring. FRC takes steps to ensure independence includingsetting fees in advance and utilizing analysts who must abide by CFAInstitute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of thereports, and release of liability for negative reports are protectedcontractually. To further ensure independence, LITH has agreed to aminimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distributionprocedure: our reports are distributed first to our web-basedsubscribers on the date shown on this report then made available todelayed access users through various other channels for a limitedtime.
Forward Looking Statements
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-lookingstatements"). Generally, forward-looking information can beidentified by the use of forward-looking terminology such as"expects", "believes", "aims to","plans to" or "intends to" or variations of suchwords and phrases or statements that certain actions, events orresults "will" occur.
You are cautioned that the following list of materialfactors and assumptions is not exhaustive. Specific material factorsand assumptions include, but are not limited to: the general stabilityof the economic and political environment in which the Companyoperates; the timely receipt of required regulatory approvals; theability of the Company to obtain future financing on acceptable terms;currency, exchange and interest rates; operating costs; the successthe Company will have in exploring its prospects and the results fromsuch prospects. Accordingly, readers should not place undue relianceon forward-looking statements. The Company does not undertake toupdate any forward-looking statements herein, except as required byapplicable securities laws. All forward-looking statements containedin this news release are expressly qualified by this cautionarystatement.
Copyright (c) 2021 TheNewswire - All rights reserved.