Here is the announcement from Codelco, it almost read better...

Here is the announcement from Codelco, it almost read better then ours:

Santiago, August 1, 2019.- Codelco and Minera Salar Blanco SA (MSB) today announced the signing of a non-binding understanding agreement with the objective of studying how to structure a socially sustainable lithium project, Environmental and economic in the Salar de Maricunga, with a view to launching a third lithium operation in Chile, taking advantage of the current favorable market conditions for that mineral.

The agreement establishes that the joint development will be framed within the conditions of the Special Lithium Operation Contract (CEOL) signed between the Ministry of Mining and Salar de Maricunga SpA (Codelco subsidiary) in terms of technical, economic and corporate governance standards .

During the term of this agreement of understanding, the companies will negotiate the definitive terms of an association that allows them to carry out this initiative, combining the experience that both have in the area in order to maximize the value for Codelco and MSB.

In case of reaching a definitive agreement, the union will allow the development of a project of significant projection and robustness, based on an area of exploitation of considerable size, which considers the mining belongings and the project developed by MSB, together with the exploitation permits and Commercialization of Codelco (granted by CEOL and the Chilean Nuclear Energy Commission, respectively) and their mining belongings, which will soon be explored to determine their geological potential.

By articulating the efforts, and reaching a definitive agreement, it is estimated that the construction of the project could begin during the year 2020 or early 2021, once the relevant environmental authorizations are obtained and the necessary financing is structured, thus benefiting the Region from Atacama and the country.

This agreement of understanding seeks to enable Codelco to participate in a lithium project that consolidates the main mining belongings of the Maricunga salar, based on a public-private partnership, in accordance with the guidelines of the National Lithium Policy.