Lithium Chile Offers Insights into the Planned Sale of Its Arizaro Project in Argentina

Lithium Chile Offers Insights into the Planned Sale of Its Arizaro Project in Argentina

Lithium Chile's Arizaro Project Sale Nears Completion

Lithium Chile, listed on the TSX Venture Exchange (symbol: LITH) and the OTC-QB (symbol: LTMCF), is nearing the completeion of the sale of its Arizaro Project in Salta Province, Argentina.

The Special Committee of Lithium Chile has approved the submission of the draft agreement to the TSX Venture Exchange for regulatory comments and feedback. Both parties are eager to finalize the transaction, but closing remains subject to significant risks, including obtaining necessary regulatory body approvals, such as that of the TSX Venture Exchange, and shareholder approval.

The binding letter of intent (LOI) for the sale was signed on December 16, 2024. Operational due diligence was completed in February 2025, followed by the delivery of the first draft of the Definitive Agreement to Lithium Chile. In June, international advisors, including PwC (PricewaterhouseCoopers) for financial due diligence and Baker McKenzie for legal due diligence, completed the financial and legal due diligence.

The Definitive Agreement for the sale of the Arizaro Project is still pending, subject to its completion in a satisfactory form and other closing conditions. Legal teams from both parties are addressing the final terms of the Definitive Agreement. A Special Committee, comprised of independent directors, has been involved in continuous reviews of the Definitive Agreement.

Lithium Chile's common shares are listed on the TSX-V under the symbol "LITH" and on the OTCQB Under the symbol "LTMCF". The Company has a portfolio of 135,381 hectares in Chile and Argentina, consisting of 11 properties. The Company has completed NI 43-101 compliant Resource Report, Preliminary Economic Assessment, and Prefeasibility Study for its Arizaro project, all accessible on SedarPlus.ca.

Steve Cochrane, President & CEO of Lithium Chile, has commented on the progress of the transaction. Contact information for Lithium Chile's management includes email addresses for Steve Cochrane ([email protected]) and Michelle DeCecco ([email protected]), and a phone number (403-393-1990).

It is important to note that the news release contains forward-looking statements subject to various assumptions and factors, and undue reliance should not be placed on them. Lithium Chile does not undertake to update any forward-looking statements except as required by applicable securities laws. The foregoing risk factors are not exhaustive, and other risk factors may become apparent as Lithium Chile proceeds to closing. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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