ERAMET : As Part of the Strategic Process, Lithium Chile Creates Two 100% Wholly Owned Su

MrktBeep

19 avril 2024 •09:13

CHILEAN LITHIUM PROPERTY HIGHLIGHTS:

Consisting of 12 projects in Chile, the Company holds over 110,000 hectares of claims that have the potential to host significant grades of lithium. Among these assets, several flagship projects stand out. Showcasing its commitment to enhancing value, the Company has already entered strategic partnerships on two of those projects that will employ innovative exploration approaches. They include:

Llamara, Aguilar, Rio Salado and Aquas Caliente:

The Company recently announced a joint venture with Eramet, a renowned European mining company recognized as a global leader in metal extraction and transformation.

Eramet will undertake an exploration program, carried out in three separate phases.

The total projected exploration program is in the order of ~USD $20 million.

Upon completion of each phase, Eramet will earn interests in the joint venture holding the mining claims, totaling up to 70% at the end of phase 3.