LITH:CC - Lithium Chile Provides Corporate Update
(TheNewswire)
CALGARY, ALBERTA – TheNewswire - February 15, 2024 – Lithium Chile Inc. ( TSXV:LITH ) (OTC:LTMCF) (“ LithiumChile ” or the “ Company ”) ispleased to provide a corporate update following its September 25,2023, press release announcing the appointment of PI Financial Corp. (“ PI Financial ”) as its corporate advisor to assist in evaluating variousoptions on behalf of the Board of the Company and its shareholders(the “ Process ”).
At this stage of the Process, Lithium Chile isencouraged by the level of interest shown from third parties and looksforward to ongoing engagement with these parties in connection with apossible transaction relating to the Company’s Salar de Arizaroassets in Argentina and its Chilean asset portfolio.
Lithium Chile is also investigating the potential of arestructuring initiative involving the separation of the Company’sArgentinian and Chilean assets into separate independent companies.The Company believes that its current share price does not fullyrecognize the value of the Chilean assets and that by separating theChilean asset portfolio from the assets in Argentina by way of a“spin-out”, the Company and its shareholders may benefit fromunlocking the value of the Chilean projects. Additionally, aspin-out should allow for a more straightforward transaction for thirdparties that are particularly interested in a transaction involvingthe Salar de Arizaro assets in Argentina.
Lithium Chile looks forward to providing additionalupdates and comprehensive details concerning the Process in the comingmonths.
ABOUT LITHIUM CHILE:
Lithium Chile is an exploration and lithium resource company with aproperty portfolio consisting of 111,978 hectares in Chile and 29,245hectares in Argentina. The Company has filed its NI 43-101 Report andPreliminary Economic Assessment, which can be viewed on theCompany’s profile at SedarPlus.ca
Lithium Chile also owns 4 properties totaling 21,329 hectares that areprospective for gold, silver and copper. Exploration efforts arecontinuing on Lithium Chile’s Carmona gold/silver/copper propertywhich lies in the heart of the Chilean mega porphyry gold/silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under thesymbol “LITH” and on the OTC-QB under the symbol “LTMCF”.
To find out more about Lithium Chile, please contact Steven Cochrane,President and CEO via email: steve@lithiumchile.ca or MichelleDeCecco, Vice President and COO via email: michelle@lithiumchile.ca.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENTS:
This news release may contain certain forward-looking information andforward-looking statements within the meaning of applicable securitieslegislation (collectively "forward-looking statements"),including without limitation, whether the Process will result in theapproval and completion of any specific transaction or option, orwhether a restructuring initiative involving a spin-out of the Chileanassets will be approved and completed or lead to any benefit to theCompany or its shareholders. Generally, forward-looking statements canbe identified 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. You are cautioned that the foregoinglist of material factors and assumptions is not exhaustive. Adescription of assumptions used to develop such forward-lookinginformation and a description of risk factors that may cause actualresults to differ materially from forward-looking information can befound in Lithium Chile's disclosure documents on the SEDAR+ website atwww.sedarplus.ca. Although Lithium Chile believes that the assumptionsand factors on which such forward-looking statements are based uponreasonable assumptions, 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 such forward-looking statements will transpire oroccur, or if any of them do, what benefits Lithium Chile will derivetherefrom. Lithium Chile 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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