Lithium Chile Inc (TSE:LITH) has released an update.
Lithium Chile Inc. has announced the formation of two wholly owned subsidiaries to manage its Chilean gold and lithium properties, signaling a strategic move to optimize asset value and focus on acquisition and capital opportunities in Argentina. The spinout will separate the Company’s Chilean and Argentinian assets, aiming to enhance shareholder value and advance its long-term goals. President & CEO Steve Cochrane expresses confidence in this reorganization as a means to develop their Chilean projects while capitalizing on their Argentinian assets.
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