Lithium Chile announced the sale of its 80% interest in the Arizaro lithium project to a large, Asian-based company for USD $180 million. The sale involves the acquisition of Lithium Chile's wholly owned Argentinian subsidiary, Geo Inversiones Mineras S.A. The transaction is expected to close after obtaining all necessary government and regulatory approvals, including shareholder approval from the TSX Venture Exchange.
”) for the sale of Lithium Chile’s 80% interest in the Arizaro project, marking a transformative milestone for the Company and its shareholders.: The Buyer will acquire an 80% interest in the Arizaro project via the purchase of the Company’s wholly owned Argentinian subsidiary, Geo Inversiones Mineras S.A.: The purchase price is USD $180,000,000 , to be paid in cash at closing, representing a substantial premium to the Company’s current trading price.
proposed, or at all. Investors should be aware that the transaction is contingent upon satisfactory of completion of due diligence, fulfilling customary closing conditions and obtaining necessary governmental, regulatory and shareholder approvals.Subject to Closing, the sale proceeds will position the Company to pursue growth opportunities across its extensive portfolio of lithium assets in Chile and Argentina while rewarding shareholders with a tangible return on their investment.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation .
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