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Lithium Chile Inc ( (TSE:LITH) ) has provided an update.
Lithium Chile Inc. has entered into a joint venture with Eramet, a leading European mining company, to develop its Llamara property in Chile through the Molle Verde project. The agreement allows Eramet to conduct a phased exploration program over the next three to four years, potentially acquiring up to 70% ownership, with an option for full equity. This partnership highlights Lithium Chile’s commitment to sustainable mineral projects and showcases the significant potential value of its Chilean lithium portfolio, which is not currently reflected in the company’s valuation.
More about Lithium Chile Inc
Lithium Chile Inc. is an exploration company with a diversified portfolio of 11 properties covering 107,936 hectares in Chile and 29,245 hectares in Argentina. The company is actively advancing its projects, including the Arizaro project, which has undergone significant evaluations like a NI 43-101 compliant Resource Report, Preliminary Economic Assessment, and Prefeasibility Study.
YTD Price Performance: -11.69%
Average Trading Volume: 233,004
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$140.5M
Learn more about LITH stock on TipRanks’ Stock Analysis page.