LITH:CC - Lithium Chile Provides Update on the Sale of its Arizaro, Argentina Project
(TheNewswire)
TSX Venture Exchange: LITH
CALGARY, ALBERTA – TheNewswire - September 17, 2025 - Lithium Chile Inc . (“ LithiumChile ” or the “ Company ”) ispleased to provide an update regarding the proposed sale of itsArizaro Project located in Salta Province, Argentina.
Due Diligence and Progress TowardDefinitive Agreement
Following the signing of a binding letter of intent(the “ LOI ”) on December 16, 2024, the Company and the Buyer haveadvanced steadily toward execution of a definitive agreement (the“ DefinitiveAgreement ”).
Operational due diligence was completed in February2025, followed by delivery of the first draft of the DefinitiveAgreement to Lithium Chile. In June, internationally recognizedadvisors to the Buyer completed the financial and legal due diligence.With this extensive review complete, legal counsel for both partiesbegan addressing the final terms of the Definitive Agreement.
The negotiations have focused on finalizing specificlegal clauses and conditions precedent required for closing. Theprocess is well advanced, with only a few items remaining underconsideration. Legal teams from both groups continue to workdiligently to complete the agreement as expeditiously as possible.Lithium Chile and the Buyer have reaffirmed their commitment tosuccessfully concluding this transaction.
Special Committee Review
A committee comprised of independent directors (the“ SpecialCommittee ”), established to provide oversightof the proposed transaction, has been involved in continuous reviewsof the Definitive Agreement. The Special Committee approved submissionof the draft agreement to the TSX Venture Exchange (the“ TSXV ”) for regulatory comments and feedback. This milestone represents an important advancement, bringingthe Company and the Buyer closer to finalizing the DefinitiveAgreement.
Steve Cochrane, President & CEO of Lithium Chile,commented, “The majority ofthe key commercial terms have been agreed upon, and we are nowprogressing into the final stages of the transaction. Beforeexecution, the Buyer will submit the Definitive Agreement to itsregulatory body to obtain approval in accordance with its localrequirements. With both the Special Committee and the TSXV reviewprocesses underway, we are steadily advancing toward signing thisimportant agreement.”
This press release contains forward-looking statementsconcerning a proposed transaction. While there is no guarantee thatthe agreement will be signed, both parties have expressed awillingness and desire to see the transaction completed successfully.Investors should be aware that the transaction is contingent uponcompletion of customary closing conditions, and obtaining necessarygovernmental, regulatory, and shareholder approvals.
ABOUT LITHIUM CHILE
Lithium Chile Inc. is an exploration company with aportfolio of 11 properties spanning 106,136 hectares in Chile and29,245 hectares on the Salar de Arizaro in Argentina. The Company hassuccessfully advanced its Arizaro project with the completion of NI43-101 compliant Resource Report, PreliminaryEconomic Assessment and Prefeasibility Study which are all accessibleon 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, pleasecontact:
Steven Cochrane, President and CEO via email: steve@lithiumchile.ca
Or
Michelle DeCecco, COO via email: michelle@lithiumchile.ca or phone: 403-393-1990.
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.
Closing of any sale contemplated by the DefinitiveAgreement remains subject to the completion of the DefinitiveAgreement in a form satisfactory to the parties. While there is noguarantee that the Definitive Agreement will be signed, both partieshave expressed a willingness and desire to see the transactioncompleted successfully. Closing of the sale contemplated by theDefinitive Agreement also remains subject to significant risksincluding obtaining necessary regulatory body approvals , including that of the TSX VentureExchange and shareholder approval.
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 proceeds to closing. Lithium Chile does not undertaketo update 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.
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