LITH:CC - LITHIUM CHILE Announces the Appointment of Two Officers from Chengxin Lithium Group to the Companys Board Of Directors and the Nomination for Exploration Discovery Of The Year
(TheNewswire)
CALGARY, ALBERTA – TheNewswire - November 2, 2022 – Lithium Chile Inc. (TSXV:LITH) (OTC:LTMCF) (“Lithium Chile” or the “Company”) is pleased to announce the appointment of twosenior officers from Chengxin Lithium Group (“ Chengxin ”) to theCompany’s Board of Directors. The Company welcomes, Ms. Iu Ching,Deputy General Manager and Ms. Liu Yuedan, Overseas InvestmentDirector, of Chengxin.
Ms. Iu has considerable experience in capital marketsand global resource investment. She took the lead of successfulinternational M&A investments of Chengtun Group, the controllingshareholder of Chengxin. She is a Director on the Board and DeputyGeneral Manager of Chengxin.
Ms. Liu has strong experience in international lithiumresource investment. She was deeply involved in overseas investmentsof Chengxin and now acts as the Overseas Investment Director of theChengxin.
Steve Cochrane, President, and CEO comments “Iwelcome Ms. Iu and Ms. Liu to the Lithium Chile Board of Directors.Not only do we anticipate their contributions on the Board to beinvaluable, but we also look forward to strengthening our closeworking relationship with Chengxin.”
In recognition of their contribution to the Board ofDirectors, the Company has granted 300,000 stock options to Ms. Iu andMs. Lui, subject to regulatory approval. The stock options are issuedwith an exercise price of $0.65 and will expire November 1,2027.
Lithium Chile is also pleased to announce they havebeen short listed as one of seven finalists for the “ExplorationDiscovery of the Year” Award, for their Salar de Arizaro lithiumproject at the London, Mines and Money Conference on December1 st ,2022.
Steve Cochrane, President, and CEO comments “Thenomination for Exploration Discovery of the Year is a true recognitionof the innovation, time commitment, and hard work our team in Salta,Argentina have contributed to the Arizaro Project. I am extremelyproud of our whole team led by Jose de Castro for this outstandingaccomplishment and thank them for their continueddedication”.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolioconsisting of 84,478 hectares covering sections of 11 salars and 2laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 21,329hectares that are prospective for gold, silver and copper. Explorationefforts are continuing on Lithium Chile’s Carmona gold/silver/copperproperty which lies in the heart of the Chilean mega 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 Michelle DeCecco, Vice President of CorporateDevelopment via email michelle@lithiumchile.ca or at403-390-9095.
Forward Looking Statements
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-lookingstatements"). Generally, forward-looking statements can beidentified by the use of forward-looking terminology such as"expected", "anticipated", "aims to","plans to" or "intends to" or variations of suchwords and phrases or statements that certain actions, events orresults "will" occur. Such forward-looking statements arebased on various assumptions and factors that may prove to beincorrect, including, but not limited to, factors and assumptions withrespect to: the general stability of the economic and politicalenvironment in which the Company operates; the timely receipt ofrequired regulatory approvals; the risk that the new lithiumexploration tender processes does not yield the anticipated benefitsto the Company; the ability of the Company to obtain future financingon acceptable terms; currency, exchange and interest rates; operatingcosts; the success the Company will have in exploring its prospectsand the results from such prospects and the COVID-19 pandemic. LFG.You are cautioned that the foregoing list of material factors andassumptions is not exhaustive. Although the Company believes that theassumptions and factors on which such forward-looking statements arebased upon are reasonable, undue reliance should not be placed on theforward-looking statements because the Company can give no assurancethat they will prove to be correct or that any of the eventsanticipated by such forward-looking statements will transpire oroccur, or if any of them do so, what benefits the Company will derivethere from. The Company does not undertake to update anyforward-looking statements herein, except as required by applicablesecurities laws. All forward-looking statements contained in this newsrelease are expressly qualified by this cautionary statement.
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