article out about "advances to finalize its financing by the end of 2022", page-2

First 2 Last

Share
Profile

Follow
CYMON

3,245 Posts.

998

20/10/22

09:37

Post #: 64292543
Share

Originally posted by Photosynthesis: ↑

LInk

translated text
"Maricunga lithium project advances to finalize its financing by the end of 2022 by PortalMinero | Oct 17, 2022 | News"
Lithium Power International (LPI), in charge of the Maricunga lithium project in Chile, advances to achieve the goal of finalizing the financing of the future deposit by the end of 2022, for which it is working with financial institutions international and local funds to raise capital for the development of the mine.Given the positive results of the latest Phase One DFS project, the Company continues to work on the development of later phases at Maricunga. LPI signed a non-binding memorandum of understanding with Mitsui for the development of MSB Stage One, among many other things. The Maricunga lithium brine project, also known as the Blanco Project, is considered the highest quality pre-production project in Chile, with characteristics comparable to the deposits located in the Salar de Atacama. It is located 170 kilometers northeast of Copiapó and 250 km. of the coast. In addition, it is located next to International Highway 31, which connects the north of Chile and Argentina.Increase in value

Lithium Power International received a valuation increase from Edison Investment Research to A$1.24 per share from A$1.0, following the company's A$25m capital placement.Edison noted that LPI is now well capitalized with A$31.5 million in cash to advance its flagship Maricunga lithium brine project.

Expand

Given the quality of the resource and potential for expansion through 300m+ drilling one could assume that things will start moving very quickly post consolidation of ownership.

LPI Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

DRO

History repeats for DroneShield investors but carnage so far subdued

HotCopper Highlights: Trigg; Droneshield; Lumos & more

AII

A new NASDAQ listing for a key player in the global critical minerals space

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

article out about "advances to finalize its financing by the end of 2022", page-2

Top Stories

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

History repeats for DroneShield investors but carnage so far subdued

HotCopper Highlights: Trigg; Droneshield; Lumos & more

A new NASDAQ listing for a key player in the global critical minerals space

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Featured News