Codelco said in a statement filed with the court that Salar Blanco had sued only after it had decided not to take part in the Codelco tender.
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Lithium Power International CEO Martin Howell said in an interview that he hoped the suit would be resolved in six months.
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Holland told Reuters that Salar Blanco has also had discussions with SQM.
"We've had many discussions with them over the years, and I'll just leave it at that for the time being," he said.
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LPI Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held