Lithium Chile Inc. is pleased to announce it has mobilized the Company's geological team to begin the planned initial exploration program on its Carmona gold/silver property. As discussed in the press release dated June 11, 2020, it is the Company's intention to expand its data base and knowledge on both the Carmona gold/silver exploration project and the Laguna Blanca lithium/cesium exploration prospect. The initial [...]
Lithium Chile Inc. is pleased to announce it has signed a Letter of Intent with Summit Nanotech Corporation for the advancement of their green lithium extraction technology in Chile. Summit Nanotech has developed a patent pending extraction process that allows for the rapid production of lithium from natural brine sources. Its technology is state of the art and shows great promise for the economical production of lithium [...]
Lithium Chile Inc. is pleased to announce it has closed on the final $745,000 of its previously announced $1,500,000 private placement of units . The Offering was fully subscribed and closing of this final tranche now provides the Company with the necessary funds to move forward on its business and exploration plans. The Company plans to initiate its exploration program on its Carmona gold/silver prospect by the end of [...]
Lithium Chile Inc. is pleased to announce it has closed on $755,000 of its previously announced $1,500,000 private placement of units . The Offering is fully subscribed and closing of the second tranche is anticipated in the next 10 days. Rules around the Covid 19 pandemic caused delays in obtaining the necessary paperwork which has necessitated two closings. Pursuant to the first tranche of the Offering, Lithium Chile [...]
Lithium Chile Inc. announces that it plans to complete a non-brokered private placement of up to 15,000,000 units of the Company at a price of $0.10 per Unit, for aggregate gross proceeds of up to $1,500,000 . There is no minimum Offering. Each Unit will be comprised of one common share of the Company and one-half of one Common Share purchase warrant . Each whole Warrant shall be exercisable at $0.25 per Common Share for [...]
Lithium Chile Inc. is pleased to announce that it has received TSX Venture Exchange Inc. approval for its previously announced transaction with Kairos Metals Inc. to reacquire a prospective gold, silver & copper property package . As a result, the transaction was closed on April 18, 2020. As a result of the closing of the Kairos transaction, the previously announced option agreement with Inform Resource Corp. on the Apolo [...]
Lithium Chile Inc. is pleased to announce that it has entered into an option agreement with Inform Resources Corp. whereby Inform can earn up to 65% in Lithium Chile's Apolo/Sancarron prospects by paying up to $600,000 to Lithium Chile and investing a minimum of $3,000,000 into the properties over a three year period. This is an important transaction for Lithium Chile as it demonstrates the ability to get a transaction [...]
Lithium Chile Inc. is pleased to announce the company is planning a work program to explore the potential of its Apollo gold-silver property. Historic continuous chip samples taken from the property by previous owners returned assays ranging from 3.8 grams/tonne up to 97.48 grams/tonne gold and 50.8 grams/tonne to 143.2 grams/tonne silver. The 2730-hectare Apollo prospect lies with in the El Indio Gold Belt in Chile [...]
Lithium Chile Inc. is pleased to announce the acquisition from Kairos Metals of previously held properties that are prospective for gold, silver and copper. Under the terms of an agreement entered into on March 4, 2020 with Kairos Metals Corp. , Lithium Chile will reacquire title to certain properties that were transferred to Kairos Metals in the spin out transaction that occurred in 2018. Management of Lithium Chile [...]
Lithium Chile Inc. is pleased to announce that drilling of the first target on its Turi prospect has been completed and samples have been sent to ALS laboratory for analysis and results are pending. The rig has currently been shut down as the Company wishes to review the results before a second location is initiated. The Company has also been informed that the court access order for its Coipasa prospect continues to [...]
Lithium Chile Inc. is pleased to announce that drilling has commenced at its Turi lithium brine project in Chile. The initial exploration program of up to three holes will focus on the core of a major geophysical anomaly that covers over 63 square kilometres and is 200 to 300+ metres thick. Near surface brine samples taken by Lithium Chile from the area above the TEM anomaly contain lithium values ranging up to 590 mg/l [...]
Lithium Chile Inc. is pleased to announce that construction of the first drill pad on the company's Turi exploration prospect is anticipated to be completed this week and that mobilization of the drilling rig contracted with Big Bear Drilling out of La Serena Chile is also anticipated to commence towards the end of the week. Lithium Chile expects to collar and begin drilling their first reconnaissance hole on Turi early [...]