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
Lithium Power International

Lithium Power International Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Lithium Power International

Lithium Power International


Keep reading...Show less

A Pure-Play Mining Company Developing Multiple Lithium Mines

Livium Expands Clean Energy Waste Recycling Capabilities

Livium Expands Clean Energy Waste Recycling Capabilities

Livium (LIT:AU) has announced Livium Expands Clean Energy Waste Recycling Capabilities

Download the PDF here.

Livium Ltd

Livium Signs Binding Term Sheet with Iondrive related to DES Technology for Clean Energy Waste Recycling

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce it has signed a binding term sheet (“Term Sheet”) with Iondrive Limited (ASX: ION) (“Iondrive”), an Australian company developing an innovative metal extraction process using Deep Eutectic Solvent technology (DES), via their subsidiary Iondrive AU Pty Ltd.

Keep reading...Show less
Glowing digital battery icon with particle connections on dark background.

CATL Mine Restart Pressures Australian Lithium Market

Australia’s lithium sector is facing pressure on the back of news that Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) is expected to resume production at its Jianxiawo mine.

Operations were halted in August when the mine’s licence expired, with the suspension expected to last three months.

Located in Yichun, Jiangxi province, Jianxiawo produces about 65,000 tonnes of lithium carbonate equivalent annually, roughly 6 to 8 percent of global supply. It is the largest mine in Yichun, often referred to as China’s “lithium capital.”

Keep reading...Show less
International Lithium (TSXV:ILC)

International Lithium Corp.


Keep reading...Show less
Lithium Power International

Lithium Power International Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News