LTMCF - Lithium Chile Inc and Chengxin Lithium Group to Meet and do a Site Visit at the Salar de Arizaro Project in Salta Province Argentina
(TheNewswire)
CALGARY, ALBERTA - TheNewswire- February 22, 2022 -Lithium Chile Inc. (“ LithiumChile ” or the “ Company ”) (TSXV:LITH) (OTC:LTMCF) is pleased to announce thatthe company’s Argentinean management team will be meeting thetechnical team of Chengxin Lithium Group Co., Ltd. (“Chengxin”) onTuesday February 22, 2022, in Salta Argentina. The plans are tojointly travel to Lithium Chile’s recently completed production testwell on the Salar de Arizaro property. The purpose of the meeting isto discuss the Company’s phase 2 exploration program and furthercooperation between Lithium Chile and Chengxin. The Company believesChengxin’s experience and technical expertise in processing lithiumbrines will help advance the company’s Arizaro project.
President and CEO, Steve Cochrane shares, “Together,working in collaboration with Chengxin Lithium, we will unlock thefull potential of the Arizaro project, optimizing exploration and miningmethods while respecting the environment and the localbiodiversity”.
Results from the phase 2, three well drill program ofthe Arizaro project are expected to be released after the completionand testing of each well. The EnvironmentalImpact Assessment (EIA) was completed earlierthan anticipated which will allow for the assessment and the drillingpermits to be filed this week. This will accelerate the phase 2 program withadditional updates to follow shortly.
Lithium Chile Inc. also announces that it has grantedstock options to the Directors and consultants of the Company topurchase 750,000 Common Shares , with an exerciseprice of $0.88 per share, subject to vesting terms and exercisable forup to 5 years. The option grant is subject to the approval of the TSXVenture Exchange.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolioconsisting of 69,200 hectares covering sections of 10 salars and twolaguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 20,429hectares, 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 , Jose deCastro Alem, Argentina Manager via email jdecastroalem@gmail.com orMichelle DeCecco, Vice President of Corporate Development via email michelle@lithiumchile.ca or at403-390-9095.
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.
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 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. In particular, this news releasecontains forward-looking statements relating to, among other things:the future drilling programs and the results thereof. Suchforward-looking statements are based on various assumptions andfactors that may prove to be incorrect, including, but not limited to,factors and assumptions with respect to: the general stability of theeconomic and political environment in which the Company operates; thetimely receipt of required regulatory approvals; the ability of theCompany to obtain future financing on acceptable terms; currency,exchange and interest rates; operating costs; the success the Companywill have in exploring its prospects and the results from suchprospects. You are cautioned that the foregoing list of materialfactors and assumptions is not exhaustive. Although the Companybelieves that the assumptions and factors on which suchforward-looking statements are based are reasonable, undue relianceshould not be placed on the forward-looking statements because theCompany can give no assurance that they will prove to be correct orthat any of the events anticipated by such forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive there from. Actual results could differ materiallyfrom those currently anticipated due to a number of factors and risksincluding, but not limited to: fluctuations in market conditions,including securities markets; economic factors; the risk that the newlithium exploration tender process does not yield the anticipatedbenefits to the Company, if at all; the risk that the Offering willnot be completed as anticipated or at all, including the risk that theCompany will not receive the approvals necessary in connection withthe Offering; and the impact of general economic conditions and theCOVID-19 pandemic. 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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