LITH:CC - Lithium Chile Pre-Awarded CHASCHA SUR Concession Adjacent To Arizaro Project, Securing Key Water Resource
(TheNewswire)
CALGARY, ALBERTA, April 15, 2025 – TheNewswire – Lithium Chile Inc .(“ Lithium Chile ” or the “ Company ”), is pleased to announce that ithas been pre-awarded the "Mining Tender Nº 03/24 for the Study,Prospecting, Exploration, and eventual Exploitation of the ExclusiveZones of Special Interest CHASCHA SUR – Salar de Arizaro",located in the Province of Salta, Argentina.
This important advancement represents a strategicmilestone for the Company, as the CHASCHA SUR block is adjacent to itsflagship Arizaro Project and hosts a freshwater resource critical to afuture production plant. The anticipated concession of CHASCHA SUR byREMSa (Recursos Energéticos y Mineros de Salta S.A.) enhances thetechnical and economic viability of the Arizaro development,positioning it to meet its long-term production and sustainabilitygoals. Currently, two applications for water use, submitted by theCompany, are under review by the corresponding authority, theSecretariat of Water Resources of the Province of Salta.
“We are extremely pleased with theoutcome of this tender,” commented MichelleDeCecco, Vice President and COO of Lithium Chile. “The CHASCHA SUR block not onlycomplements our existing footprint on the Arizaro Salar, but itdirectly addresses one of the most vital elements of any lithiumproduction operation—fresh water, subject to its future granting bythe Secretariat of Water Resources. This development underscores theproject’s valuation and reinforces it as a compelling acquisitionopportunity.”
The tender was conducted by REMSa, the provincialenergy and mining corporation, through a public and competitiveprocess. Lithium Chile’s strong technical proposal and proven trackrecord of responsible exploration and development were key to itssuccess.
The Company is now preparing for the formal award andwill provide further updates as the process advances. For competitive reasons details will be released at a futuredate.
ABOUT LITHIUM CHILE
Lithium Chile Inc. is an exploration company with aportfolio of 11 properties spanning 107,936 hectares in Chile and29,245 hectares on the Salar de Arizaro in Argentina. The Company hassuccessfully advanced its Arizaro project with the completion of an NI43-101 compliant Resource Report followed by a Preliminary EconomicAssessment and then a Prefeasibility Study, all of which areaccessible on SedarPlus.ca under Lithium Chile’s profile.
Lithium Chile’s common shares are listed on the TSX-Vunder the symbol “LITH” and on the OTCQB Under the symbol“LTMCF”.
To find out more about Lithium Chile, please contactSteven Cochrane, President and CEO via email: steve@lithiumchile.ca or Michelle DeCecco, COO via email: michelle@lithiumchile.ca orphone: 587-393-1990.
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.
FORWARD LOOKING STATEMENTS AND RISKFACTORS:
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 using 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 and the timely receipt ofrequired regulatory approvals.
Readers are cautioned that the foregoing risk factorsare not exhaustive. Undue reliance should not be placed on theforward-looking statements because Lithium Chile can give no assurancethat they will prove to be correct or that any of the eventsanticipated by forward-looking statements will transpire or occur, orif any of them do, what benefits Lithium Chile will derive therefrom.Similarly, the risk factors listed above are not exhaustive and otherrisk factors that have not been anticipated may become apparent asLithium Chile advances with the formal award. Lithium Chile does notundertake to update any forward-looking statements herein, except asrequired by applicable securities laws. All forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement.
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