Due Diligence Process Update In Chile, lithium has been declared of national interest and the exploration or exploitation of this type of substance (lithium) can be carried out directly by the State or by its companies, or through administrative concessions or special operating contracts.
The Chilean Government has also recently announced a new pro-investment strategy and action plan, to facilitate investment, fast track permitting and speed up the transition to a green economy. Macro Metals and the Vendors of the Salar Verde lithium projects are maintaining a very active and positive dialogue with representatives of the Government and relevant regulatory bodies with the intent of obtaining the required special operating contracts to enable lithium production. Macro has gained considerable comfort as a result of these ongoing discussions that the government intends to provide clarity as to the terms upon which it will grant the special operating contracts with regards lithium extraction to current lithium explorers within the next few months. The Chilean government has indicated via Presidential press release that all lithium will now be subject to contracts with the state mining companies Codelco and Enami though no details have been provided to date as to the terms of such contracts or the terms of any public/private partnerships also mentioned in the release. Macrowill continue to monitor developments in this regard and update the market asmore information becomes available.
Macro Metals extended this option period by a further 3-months (6-months in total) through the issuance of a further 10,000,000 shares at a deemed issue price of $0.004 per share on 28 February 2023 (Option Extension). So the acquisition due at the end of this month if I amright.
The entire Lithium sector getting hotter this dayshope M4M go ahead the acquisition and have a bright future, Good luck allholders
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