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  • Lithium Chile Inc. TSX.V:LITH

    Lithium Chile Inc. TSX.V:LITH

  • #2
    Disclaimer

    No material on aheadoftheherd.com should be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

    Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within aheadoftheherd.com and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

    Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within aheadoftheherd.com.

    Richard Mills owns shares in Aben and the Company is an advertiser on AOTH. By virtue of ownership of the Company’s shares and it being an advertiser Richard Mills is biased in his views on the Company.

    Richard (Rick) Mills is not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and is not qualified to give financial advice.

    Always do your own due diligence.

    Always consult a registered investment professional before the purchase of any investment.

    ***

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    • #3
      I did say I was not interested in another lithium play. BUT this one is extremely interesting - first off it is lithium brine in Chile. As most know AOTH was first in featuring lithium brine projects in the Lithium Triangle of SA back in 2009. And we did well, Salares Lithium TSX.V:LIT was brought to your attention at .39 and 9 months later was bought out by Talison for $1.29. Rodinia Minerals TSX.V:RM was featured at .04 and ran to 0.84. All the todays major players were talked about in those early articles as well. Lithium X TSX.V:LIX was featured in early 2016 when still private. IPOed @ .15 and those who bought did very well.

      LITH is almost like going back to our lithium South American roots. And the company does have an impressive management team and land package. How they got that land package is genius.

      "While most lithium explorers were buying up ground in Argentina, Lithium Chile turned to geologist Terry Walker. Their man in Chile had 26 years of experience in the country, not to mention a Chilean wife and children. Walker also had access to something that would prove extremely valuable: a database of the salars first done in the 1960s and updated in the 90s. The survey for the Chilean government contained information on salar chemistries and grades, and Walker used it to identify the best properties for staking. Unbelievably, Walker was able to pick up highly prospective land blocks for not much more than $3 a hectare."

      A French company was hired to find potable water for home and irrigation use. They didn't find any, but along their way they sampled, and recorded results, of seemingly every pond lake stream etc in Chile. Walkers work, combined with a land management team second to none, enabled the staking success LITH has had.

      I'm intrigued. As soon as they receive land use permits the drills will turn, 4 projects with multiple drill targets each, and with 51% insider ownership and $8.8m in the till. Not bad.

      At .88 per share it might seem expensive. But they have just less then 50m in the public float and $8.8m in the treasury, thats 0.17 cash per share with a drill program slated to get started as soon as they get the last permit. The one and only drawback? Unfortunately that might be next week or next month.

      rick

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      • #4
        Lithium Chile, a perfect storm

        http://aheadoftheherd.com/Newsletter...fect-storm.pdf

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        • #5
          Video

          https://xu426.isrefer.com/go/hoh/hoh/

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          • #6
            LITHIUM CHILE RECEIVES OTC-QB LISTING AND DTC ELIGIBILITY

            Lithium Chile Inc. is now listed on the OTCQB under the symbol LTMCF. This enables U.S. investors to purchase and hold the company's shares in their accounts. In addition, the company has been made eligible for Depository Trust Company electronic settlement and transfer of its common shares in the United States.

            The DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible. This electronic method of clearing securities accelerates the settlement process for investors.

            The company has also engaged Nice Vice Marketing and Pacific Rim Marketing to assist with its investor marketing efforts.

            About Lithium Chile Inc.

            Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 13 salars and one laguna complex in Chile.

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            • #7
              Electric vehicles on the road to triple by 2020 — IEA

              http://www.mining.com/electric-vehic...iple-2020-iea/

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              • #8
                Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Eyes China’s Electric Vehicle Battery Market

                - Rising EV output fueling lithium demand from battery makers
                - Chinese battery manufacturers hold dominant market position
                - Lithium Chile output offers competitive balance to North American battery makers

                Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) may be based in the Americas, but its eyes are cast to the East, where, according to Andrew Bowering, a director of the company, “China is ‘building battery manufacturing plants in anticipation of supplying batteries to what drives everything these days… from lawnmowers, to cell phones, to cars… now to buses, to 18-wheel trucks for Tesla.” (http://nnw.fm/41r5T). Chinese companies, already major players in lithium mining, are set to dominate the global electric-vehicle battery industry.

                Planned battery plant production in China (approximately 130 GWh) is about three times the rest of the world combined. To stay in the game, battery manufacturers in the West are going to need outfits like Lithium Chile to secure supply. The company has the largest land package of any private lithium miner, with some of the highest sample grades recorded in Chile. Flush with cash and run by a highly experienced management team, Lithium Chile may help North American battery makers stay competitive despite China’s accelerating drive to lead the EV pack.

                Reuters recently highlighted observations made by Bowering, founder of Millennial Lithium (TSX.V: ML) and director of Lithium Chile, with a report that “an unheralded maker of electric-vehicle batteries is planning a $1.3 billion factory with enough capacity to surpass the output of Tesla and dwarf the suppliers for battery-powered cars by GM, Nissan and Audi” (http://nnw.fm/Te316). The story was referring to Chinese manufacturer Contemporary Amperex Technology Ltd (“CATL”), which already sells the most batteries to the biggest electric-vehicle makers in the world’s biggest EV market, China. The facility would make CATL “the world’s largest electric-vehicle battery cell manufacturer, ahead of Tesla, Warren Buffett-backed BYD Co. in China and South Korea’s LG Chem Ltd.”

                Since 2015, China has been the world’s biggest market for electric cars. Sales of new-energy vehicles, including battery-powered, plug-in hybrid and fuel cell units, were 777,000 in 2017, and market sales are expected to reach one million units in 2018. Although there have been no official prescriptions, Chinese battery manufacturers are expected to purchase their lithium from Chinese-owned sources, according to Reuters. There’s no doubt that North American and European battery producers will have some catching up to do.

                Like China, they will turn to the Lithium Triangle, an area in South America that includes parts of Argentina, Bolivia and Chile. The Lithium Triangle has 70 percent of the world’s lithium, with Chile alone being home to 52 percent of the global supply. Bolivia does not allow any foreign ownership, and Argentina’s lithium grades and reserves are significantly lower than Chile’s, which results in less opportunity, says Bowering. All told, Chile is the place to be, and that’s where Lithium Chile has its extensive portfolio of properties.

                The company’s land package extends over approximately 152,000 hectares (586 square miles), the largest held by any private pure-play lithium operator. Moreover, the claims were purchased at approximately $3 per hectare, a steal of a deal compared to current prices of $1,500-$2,000 per hectare. In addition, soil samples have been consistently reported above the 1,000 mg per liter of lithium mark. This compares very favorably with production grade in the U.S., which is typically just 190-200 mg per liter of lithium.

                Lithium Chile’s properties encompass 14 salars, or mineral salt flats, and one laguna complex. The portfolio includes 66 square kilometers on Chile’s largest mineral salt flat, the Salar de Atacama, which is currently the source of about 35 percent of the world’s lithium production and hosts the world’s highest concentration of lithium brines. The projects at Atacama, Coipasa, Helados, Ollague Turi and Talar have taken center stage because of their promise. For example, at the 2,200 hectare Ollague, the water table is just 40-50 cm deep, with at least one sample returning around 1,400 mg per liter of lithium.

                Naturally, such high concentrations at such shallow depths reduce production costs. “Lithium brine production in Chile is the cheapest in the world and it’s less than half of our nearest competitors. Brine production here (is) in the order of $1,500-$1,800 per ton, while hard rock mining costs $5,000 per ton,” Terry Walker, VP Exploration and Chief Geologist, stated in a news release. The company has also identified an area of 58 square kilometers, at Coipasa, as a high-priority target (http://nnw.fm/30sVy).

                Operating in Chile, where infrastructure is already in place, and with a very experienced management team at the reins, Lithium Chile seems to be holding a good hand. “We flew beneath the radar screen to amass the land position we have,” added Steve Cochrane, President and CEO, “but now we’re about to let everybody know that we’re to be taken seriously”.

                For more information, visit the company’s website at http://nnw.fm/LTMCF

                Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

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                • #9
                  https://investingnews.com/ceo-interv...even-cochrane/

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                  • #10
                    The EV battery arms race is on

                    http://aheadoftheherd.com/Newsletter...race-is-on.pdf

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                    • #11
                      PROSPER ONE ENTERS MOU TO SPEND $3M TO EARN 55% OF LITHIUM CHILE'S PINTADAS NORTE PROJECT

                      Lithium Chile Inc. has entered into a memorandum of understanding (MOU) with Prosper One International Holdings Company Ltd., a Hong Kong Stock Exchange-listed company.

                      MOU Highlights

                      Prosper One and Lithium Chile will enter into a joint venture agreement ("Joint Venture Agreement") whereby Prosper One may earn a 55% interest in Lithium Chile's Pintadas Norte project in Chile by incurring $3,000,000 of staged exploration expenditures on or before December 31, 2021; and Prosper One to make a $1,000,000 equity investment in Lithium Chile at a minimum price of $1.00 per share; and Lithium Chile will operate the exploration programs for the Pintadas Norte project and as operator, Lithium Chile will receive a management fee from Prosper One equal to 17.5% of the funds expended on the Pintadas Norte exploration programs; and A $250,000 break fee will be payable by Prosper One to Lithium Chile should a definitive agreement not be signed.

                      Steve Cochrane, President and CEO of Lithium Chile, commented, "We are pleased to have reached this agreement with Prosper One which accelerates our ability to unlock the potential of our dominant land package in Chile. Essentially, we are combining our technical expertise and Chilean experience with Prosper One's financial acumen and support to explore our highly prospective Pintadas Norte project in the coastal region of Chile. We look forward to a mutually rewarding working relationship."

                      The MOU contemplates that Prosper One will make an equity investment of CDN$1,000,000 (equivalent to approximately HK$6,000,000) into Lithium Chile which is to be completed within 60 days from the signing of the formal Joint Venture Agreement. The shares being issued to Prosper One will be done at a price determined on the date of this press release in accordance with the TSX Venture Exchange ("TSXV") Policies involving an allowable discounted market price subject to a minimum price of CDN$1.00 per Lithium Chile common share ("LC Share"). The equity investment will be done on a unit basis to be made up of one LC Share and one-half of one warrant. Each whole warrant will be exercisable into one LC Share at a price of CDN$1.50 for a period of two years from the date of completion of the equity investment.

                      The MOU contemplates the Pintadas Norte exploration program will have a term of three years involving an annual financial commitment of CDN$1,000,000 to be paid by Prosper One. The first annual financial commitment is payable within 60 days from the date of the completion of the equity investment by Prosper One into Lithium Chile. Prosper One has no obligation to complete the second or third year financial commitment whereupon it will surrender its interest. Upon completion of the Pintadas Norte exploration program, Prosper One will have earned a 55% working interest in the Pintadas Norte property. Further, the Joint Venture Agreement will include a provision allowing Prosper One to earn an additional 20% working interest in the Pintadas Norte property upon completion of a pre-feasibility study. Lithium Chile will operate the Pintadas Norte exploration program on behalf of the joint venture for which it will receive a management fee equal to 17.5% of the funds expended under the Pintadas Norte exploration programs. The Joint Venture Agreement will provide that Prosper One will be entitled to nominate a representative to the Joint Venture operating committee and provides each party the ability to complete a due diligence review.

                      Except for provisions relating to governing law, confidentiality, securities trading restriction, costs and expenses, binding effect, exclusivity and termination, the MOU does not constitute a legally binding commitment on any of the parties to the MOU in relation to the transactions contemplated. Further, the Joint Venture Agreement will include a three year right of first refusal for Prosper One to enter into a joint venture agreement for exploration of Pintadas Sur, the southern extension to Pintadas Norte. If the Joint Venture Agreement is not entered into, Prosper One will pay to Lithium Chile a break fee of CDN$250,000.

                      The Joint Venture Agreement, including the equity investment, remains subject to regulatory approval.

                      About Prosper One International Holdings Company Limited

                      Prosper One is an investment holding company listed on the Hong Kong Stock Exchange under the stock code 1470 and is engaged in the sale and trading of fertilisers, raw materials and related fertiliser products, and public consumption products.

                      About Lithium Chile

                      Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and 1 laguna complex in Chile. The properties include 64 square kilometres on the Salar de Atacama which hosts the world's highest concentration lithium brine production and is currently the source of approximately 30% of the world's lithium production. Lithium Chile's common shares are listed on the TSX-V under the symbol "LITH" and on the OTC-QB under the symbol "LTMCF".

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