Lithium Chile Executes Molle Verde Joint Venture with Eramet of France
LITHIUM CHILE EXECUTES MOLLE VERDE JOINT VENTURE
WITH ERAMET OF FRANCE
TSX Venture Exchange: LITH For Immediate Release
OTC-QB: LTMCF
CALGARY, ALBERTA, February 10, 2025 – Lithium Chile Inc . (“ Lithium Chile ” or the
“Company”) is pleased to announce the successful execution of a joint venture
Agreement (the " Agreement") with Eramet, a renowned European mining company
headquartered in Paris, France. Known for its expertise in metal extraction and
processing, Eramet is the ideal partner to advance the development of Lithium Chile's
property in the Llamara area through the Molle Verde project.
Under the Agreement, Eramet will undertake a phased exploration program carried out
over the next three to four years. With the completion of each phase, Eramet would
increase its share capital in the joint venture that holds the mining tenements,
potentially acquiring up to 70% by the end of phase three, with an option for 100%
equity.
Lithium Chile would be entitled to a bonus (the “ Success Bonus ”) pre-agreed by the
parties, based on the amount of Lithium Carbonate Equivalent resources delineated, in
accordance with a completed NI 43-101 or similar instrument. Details of the earn-in
terms and the Success Bonus are confidential to maintain competitive advantage.
Steve Cochrane, President & CEO of Lithium Chile, commented, " Eramet's unparalleled
expertise and credibility significantly strengthen our standing in the mineral industry.
This partnership underscores our shared commitment to advancing sustainable mineral
projects in Chile. We look forward to leveraging their capabilities to maximize the
potential of our Chilean properties. The joint venture with Eramet also reinforces that
Lithium Chile’s portfolio of lithium projects in Chile have significant potential value that
isn’t currently being reflected in the company’s valuation."
ABOUT LITHIUM CHILE
Lithium Chile Inc. is an exploration company with a portfolio of 11 properties spanning
107,936 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The
Company has successfully advanced its Arizaro project with the completion of an NI 43-
101 compliant Resource Report followed by a Preliminary Economic Assessment and
then a Prefeasibility Study, all of which are accessible on SedarPlus.ca under Lithium
Chile’s profile.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on
the OTCQB Under the symbol “LTMCF”.
To find out more about Lithium Chile, please contact Steven Cochrane, President and
CEO via email: [email protected] or Michelle DeCecco, COO via email:
[email protected] or phone: 587-393-1990.
ABOUT ERAMET
Eramet transforms the Earth’s mineral resources to provide sustainable and responsible
solutions to the growth of the industry and to the challenges of the energy transition.
Its employees are committed to this through their civic and contributory approach in all
the countries where the mining and metallurgical group is present.
Manganese, nickel, mineral sands, and lithium: Eramet recovers and develops metals
that are essential to the construction of a more sustainable world.
As a privileged partner of its industrial clients, the Group contributes to making robust
and resistant infra-structures and constructions, more efficient means of mobility, safer
health tools and more efficient tele-communications devices.
Fully committed to the era of metals, Eramet’s ambition is to become a reference for
the responsible trans-formation of the Earth’s mineral resources for living well together.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENTS AND RISK FACTORS:
This news release may contain certain forward-looking information and forward-looking statements
within the meaning of applicable securities legislation (collectively "forward-looking statements").
Generally, forward-looking statements can be identified using forward-looking terminology such as
"expected", "anticipated", "aims to", "plans to" or "intends to" or variations of such words and phrases or
statements that certain actions, events or results "will" occur. Such forward-looking statements are based
on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors
and assumptions with respect to the general stability of the economic and political environment in which
the Company operates and the timely receipt of required regulatory approvals.
Closing of the proposed sale remains subject to significant risks including obtaining necessary regulatory
body approvals including that of the TSX Venture Exchange. Closing also remains subject to the
completion of Definitive Agreements in form satisfactory to the parties to the transaction and remains
subject to final completion of due diligence by the Buyer.
Readers are cautioned that the foregoing risk factors are not exhaustive. Undue reliance should not be
placed on the forward-looking statements because Lithium Chile can give no assurance that they will
prove to be correct or that any of the events anticipated by forward-looking statements will transpire or
occur, or if any of them do, what benefits Lithium Chile will derive therefrom. Similarly, the risk factors
listed above are not exhaustive and other risk factors that have not been anticipated may become
apparent as Lithium Chile proceeds to Closing. Lithium Chile does not undertake to update any forward-
looking statements herein, except as required by applicable securities laws. All forward-looking
statements contained in this news release are expressly qualified by this cautionary statement.