NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- 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) (OTC:LTMCF), a client of NNW focused on advancing one of the largest lithium-rich exploration portfolios in Chile.
To view the full publication titled “Smart Money Flowing into Lithium Market,” visit: http://nnw.fm/3D5pB
Unabated demand and material shortages have driven up prices and sparked a global quest for new sources of lithium. Located in the heart of the world’s foremost reserves for the metal, Lithium Chile, Inc. (TSX-V:LITH) (OTC:LTMCF) is well positioned to exploit the market imbalances and sky-rocketing demand. Chile is currently the largest producer of lithium in the world and first in lithium reserves. Lithium Chile is developing one of the largest lithium-rich exploration portfolios in the country encompassing more than 148,000 hectares (over 570 square miles) across 15 properties. Their land acquisition began in 2015, exploration got underway in 2017, geochemical programs are complete, geophysics is underway, and the company is targeting 2018 for drilling and an initial resource estimates on two projects.
Through strategic acquisition, Lithium Chile has amassed the largest lithium land package in Chile of any private operating company. Utilizing over 26 years of mining experience in the country, Vice President of Exploration and Chief Geologist Terry Walker has spearheaded the company’s procurement of vast prime lithium resources. An extraordinary field geologist, Mr. Walker can precisely identify the status, ownership and viability of every claim in the country with nothing more than GPS coordinates. Current land prices hover around $1,500 per hectare, but Mr. Walker’s acumen and experience proved invaluable Lithium Chile accumulated large tracts of prime lithium-bearing properties well before the land rush for only $3 per hectare.
About Lithium Chile
Lithium Chile Inc. is advancing a lithium property portfolio consisting of 140,100 hectares covering sections of 13 salars and one laguna complex in Chile. The properties include 56 square kilometres on the Salar de Atacama which hosts the world's highest concentration lithium brine production and is currently the source of about 30 percent of the world's lithium production. Lithium Chile also owns a significant Copper/Gold/Silver property portfolio consisting of 28,184 hectares over six different properties located in Chile. The company is currently engaged in the spinout of the copper gold assets into a separate company. Lithium Chile Inc.'s common shares are listed on the TSX-V under the symbol "LITH”. For more information, visit the company’s website at www.LithiumChile.ca.
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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.
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