Lithium Power International

Activity Report For The Quarter Ended March 2023

Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide shareholders with an overview of quarterly activities for the period ending 31 March 2023. (“Quarter” or “Reporting Period”).


HIGHLIGHTS

  • Completion of the MSB ownership consolidation enabled LPI to increase its presence in Chile. A major public relations program is underway in Chile to explain development plans for LPI’s Maricunga lithium brine project.
  • The Chilean Government recently announced the long awaited National Lithium Policy for the country, that outlines the plans intended to bring Chile back to the forefront of global lithium production. The Company is pleased to provide comments on the impacts it will have on its Maricunga lithium brine project.
  • LPI is currently evaluating a number of financing options for the Maricunga Stage One project, ranging from strategic equity investments from potential offtake partners to debt/equity financing alternatives.
  • Work at Maricunga continues to meet high ESG standards, on the back of the fully approved and awarded environmental permit.
  • LPI commenced and completed its inaugural drilling program at its East Kirup lithium prospect, located in the Greenbushes region of Western Australia.
  • The WA demerger process continues to be advanced and will be continually accessed in relation to capital market conditions.

POST CONSOLIDATION OF MINERA SALAR BLANCO

As previously advised, LPI completed the consolidation of its ownership of the Maricunga lithium project in late December 2022 by taking 100% ownership of the Chilean project company Minera Salar Blanco (“MSB”). Work was undertaken during this quarter on post consolation corporate matters, particularly relating to the Plan of Agreement associated with the acquisition of Bearing Lithium. Associated companies, along with Bearing Lithium, were delisted from the Canadian TXSV exchange.

The new optimal ownership structure will allow LPI to oversee the development of Maricunga by streamlining decision making and simplifies and de-risks the funding pathway for Maricunga which will enhance the Company’s ability to source capital from a wider range of providers to fund development in the lead up to Final Investment Decision. This in turn can potentially deliver enhanced returns to shareholders.


Click here for the full ASX Release

This article includes content from Lithium Power International, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

LPI:AU
The Conversation (0)
Livium Ltd

Livium Awarded ~A$850k Grant by WA Government to Develop a Battery Recycling Facility

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd ("Envirostream") - which is leading Australia's battery recycling industry - has been awarded a -AS850k grant from the Western Australia ("WA") government. This funding will be used to support the development of Envirostream's battery recycling facility in WA, marking a significant milestone in Envirostream's efforts to build a nationwide solution for electronic waste ("e-waste") management.

Keep reading...Show less
Total Voting Rights

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules ("DTRs") of the Financial Conduct Authority (the "FCA"), CleanTech Lithium, an exploration and development company advancing lithium projects in Chile for the clean energy transition, announces that as at the date of this announcement the Company's issued share capital consists of 167,889,592 ordinary shares of 1p each with voting rights (the "Ordinary Shares").

Keep reading...Show less
Lithium Universe (ASX:LU7)

Entitlement Issue Prospectus

Lithium Universe (ASX:LU7) presents this entitlement issue prospectus.

Keep reading...Show less
Lithium Universe

Quarterly Report Highlights

Strong Preliminary Feasibility for Bécancour Lithium Refinery

Lithium Universe Limited (‘LU7’) is pleased to present its Quarterly Activities and Cash Flow Report.

Keep reading...Show less
Octava Minerals Limited

Exploration Update

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”), a Western Australia focused explorer of the new energy metals REE’s, antimony, gold & nickel, is pleased to provide an exploration update on its Western Australian exploration projects.

Keep reading...Show less

Latest Press Releases

Related News

×