Lithium Chile Inc

📣 PRESS RELEASE: Drilling has commenced on the third production well on the Salar de Arizaro ✅

The third production well is designed to both expand the size & extent of the brine aquifer & increase the existing lithium resource.

Details:
https://bit.ly/3WlYQik

From all of us at Lithium Chile, wishing you and your loved ones a wonderful holiday season! ❄️

Lithium Chile’s statements in response to the Order given to our shareholder, Chengze Lithium Group, from the Investment Review Division, Canada, to divest their interest in Lithium Chile.

The private placements into Lithium Chile Inc. (the “Company”), by Chengze Lithium Group (“Chengze”), completed in January and May of 2022, were completed following Canadian Investment Act guidelines and policies.

The investments by Chengze into the Company were approved by the TSX Venture Exchange.

The assets operated by the Company are owned through its South American subsidiaries in Chile and Argentina.

The assets operated by the Company are not Canadian assets, nor is the Company’s significant lithium resource, recently reported in its NI 43-101 compliant report.

The investments into the Company by Chengze does not equate to a control position, nor does it give Chengze special rights in respect to the outcome or decisions made by the Company.

It is important to note that while the investments made by Chengze has given the Company a significant cash position, the outcome of this Order does not affect the ownership and/or value of the Company’s assets and/or lithium resource.

The Company was advised of this Order on the same day it was publicized by the Government, and the Order is being reviewed.