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The latest announcement is out from Lithium Chile Inc ( (TSE:LITH) ).
Lithium Chile Inc. has announced an update on its proposed sale of an 80% interest in the Salar de Arizaro project in Argentina for USD $180 million. The due diligence process, involving legal and financial assessments by Dentons LLP and KPMG Inc., is expected to conclude by February 2025, leading to a definitive agreement. Following the sale, Lithium Chile will retain a significant interest in Block IV of the Salar de Arizaro and plans to continue exploration efforts there. Additionally, the company has expanded its land holdings in the Salar de Coipasa project in Chile, following its approval for commercial exploitation under the new National Lithium Strategy, enhancing its strategic positioning in the lithium market.
More about Lithium Chile Inc
Lithium Chile Inc. is a company operating in the mining industry, focusing on lithium exploration and development. It holds significant interests in various lithium projects, including the Salar de Arizaro project in Argentina and the Salar de Coipasa project in Chile, aligning with the increasing demand for lithium in the global market.
YTD Price Performance: -10.39%
Average Trading Volume: 263,710
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$142.6M
For detailed information about LITH stock, go to TipRanks’ Stock Analysis page.
