Given the quality of the resource and potential for expansion...

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20/10/22

09:37

Post #: 64292543
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Originally posted by Photosynthesis: ↑

LInk

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"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.

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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
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Given the quality of the resource and potential for expansion...

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