NetworkNewsWire Announces Publication on Lithium Producers Ramping Up Efforts in Anticipation of Accelerated Demand and Price...
2018年6月6日 - 9:30PM
via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial
news and publishing company, today announces the publication of an
editorial featuring Lithium Chile Inc. (TSX-V:LITH) (OTCQB:LTMCF),
a client of NNW focused on advancing a lithium property portfolio
consisting of 152,900 hectares covering sections of 14 salars and
one laguna complex in Chile.
To view the full publication, titled “Lithium Producers Expand
Amid Market Supply Squeeze,” visit: http://nnw.fm/0HfpaAmazingly,
Lithium Chile acquired its large property reserves for a song. Land
prices in lithium-rich Chile are currently pegged at $1,500 per
hectare, but over the last three years Lithium Chile accumulated
large tracts of prime lithium-bearing properties for only $3
dollars per hectare. Terry Walker, vice president of exploration
and the chief geologist, spearheaded the company’s procurement of
these properties. Using a 1970s French technical report overlaid on
a national database of water well hydrology and water chemistry, he
meticulously matched their information with an extensive lands
claim database. With full financial backing and support from the
company, Terry identified and Lithium Chile acquired the best
salars in proximity to the highest lithium concentrations and
closest to needed infrastructure such as roads and power. The
result may be the most promising lithium-rich land package in
Chile.Quick math shows that Lithium Chile paid less than a half
million dollars for its entire 152,900 hectares encompassing 14
salars and one laguna, and the company currently trades at a market
valuation of just over $70 million. If Lithium Chile were able to
sell all its properties today at the current ask price of $1,500
per hectare, the imputed value would be over $222 million.
Obviously, that’s not about to happen, but it does give cause to
consider what the company may be worth if the promising field tests
turn into positive drilling results. Proved lithium reserve parcels
sell for north of $10,000 per hectare.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio
consisting of 152,900 hectares covering sections of 14 salars and
one laguna complex in Chile. The properties include 64 square
kilometers on the Salar de Atacama, which hosts the world’s highest
concentration lithium brine production and is currently the source
of approximately 30 percent of the world’s lithium production.
Lithium Chile’s common shares are listed on the TSX.V under the
symbol “LITH” and on the OTCQB under the symbol “LTMCF.” For more
information, visit the company’s website at http://nnw.fm/LTMCF
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content
distribution company that provides (1) access to a network of wire
services via NetworkWire to reach all target markets,
industries and demographics in the most effective manner possible,
(2) article and editorial syndication to 5,000+ news outlets, (3)
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social media distribution via the Investor Brand Network (IBN) to
nearly 2 million followers, (5) a full array of corporate
communications solutions, and (6) a total news coverage solution
with NNW Prime. As a multifaceted organization with an extensive
team of contributing journalists and writers, NNW is uniquely
positioned to best serve private and public companies that desire
to reach a wide audience of investors, consumers, journalists and
the general public. By cutting through the overload of information
in today’s market, NNW brings its clients unparalleled visibility,
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https://www.NetworkNewsWire.com.
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications Contact:
NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.com
Lithium Chile (TSXV:LITH)
過去 株価チャート
から 10 2024 まで 11 2024
Lithium Chile (TSXV:LITH)
過去 株価チャート
から 11 2023 まで 11 2024