Lithium Energi Exploration, Inc. (TSXV: LEXI) (OTCQB: LXENF), a
leading exploration company focused on the acquisition,
exploration, and development of lithium brine assets in Argentina,
is pleased to announce its approval for trading on the OTCQB
Venture Market in the United States, effective October 31,
2023.
Within a short period, LEXI has demonstrated significant
operational aptitude, particularly in the rollout of its lithium
exploration and drilling programs. This progress has garnered
attention and interest from various stakeholders, affirming the
Company's position as a key player in the lithium sector.
The upgrade to the OTCQB Venture Market will enable LEXI to tap
into the U.S. capital markets more efficiently. This transition is
aligned with the Company's strategic objectives and will provide an
avenue for increased liquidity and trading transparency, thereby
attracting a diversified range of U.S. investors.
"Given the innovative approaches we've employed in our lithium
extraction technologies and the strategic importance of our assets,
we've garnered significant investor interest in Canada," said Ali
Rahman, CEO of Lithium Energi Exploration Inc. "Our transition to
the OTCQB Venture Market is a calculated move to offer enhanced
accessibility and liquidity to private and institutional investors
in the United States."
Lithium is an essential element in the transition to renewable
energy, particularly in energy storage and the production of
electric vehicles. From 2018 through May 2023, approximately $10.9
billion were invested in lithium assets in Argentina, making it one
of the fastest-growing markets in the Lithium Triangle, a region
that contains approximately 56% of global lithium resources. As the
demand for these batteries continues to skyrocket, LEXI is
strategically positioned to capitalize on this expanding
market.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company
focused on the acquisition, exploration, and development of lithium
brine assets in Argentina. Headquartered in Toronto, Ontario, with
offices in Catamarca, Argentina, the Company’s shares are listed on
the TSX Venture Exchange (TSXV: LEXI), the Frankfurt Exchange (FSE:
L09), and the U.S. over-the-counter market (OTCQB: LXENF). LEXI’s
portfolio of prospective lithium brine concessions in the Argentina
Province of Catamarca (heart of the lithium triangle) includes
approximately 57,000 hectares and a 20% interest in Triangle
Lithium Argentina, S.A., which owns an additional 15,000 hectares –
all located in and around the Antofalla Salar, one of the largest
basins in the region, which is over 130 km long and up to 20 km
across. LEXI is committed to innovation, sustainability, and
quality, striving to differentiate itself from other players in the
industry to maximize its potential for success. For more
information, please visit our website at lithiumenergi.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ali Rahman”
________________________
Ali Rahman, Chief Executive Officer & Director
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.
This news release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
These forward-looking statements are based on reasonable
assumptions and estimates of management of the Company at the time
such statements were made. Actual future results may differ
materially as forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to materially
differ from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors, among other things, include: the results of preliminary
testing proving accurate and repeatable over time and at commercial
scale; the absence of material changes with respect to the Company
and its businesses; possible variations in mineralization, grade or
recovery rates; actual results of exploration activities;
conclusions of future economic evaluations; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); the
speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and
approvals from government authorities); and title to properties;
failure to of the parties to the Transactions to comply with the
terms and conditions of the definitive agreements relating to the
Transactions; and the use of proceeds. Although the forward-looking
statements contained in this news release are based upon what
management of the Company believes, or believed at the time, to be
reasonable assumptions, the Company cannot assure its shareholders
that actual results will be consistent with such forward-looking
statements, as there may be other factors that cause results not to
be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. Except
as required by law, the Company assumes no obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231101802694/en/
Contact for media inquiries: Ian Murphy
press@lithiumenergi.com (310) 689-6397
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