Lithium Chile Inc. is a mineral exploration and resource development company listed on the TSX Venture Exchange (LITH) and OTCQB (LTMCF). The company manages an extensive portfolio of lithium properties across Chile and Argentina, totaling over 110,000 hectares in Chile and 29,245 hectares in Argentina. Founded with a clear mission to supply high-quality lithium resources for the growing electric vehicle and energy storage markets, the company focuses on developing its flagship Arizaro Project in Argentina, which represents one of the largest lithium holdings in the region. Through strategic partnerships and experienced management, Lithium Chile Inc. aims to become a significant contributor to the global lithium supply chain.
Battery Technology
Lithium Chile’s contribution to battery technology centers on the exploration and development of lithium-rich brine deposits. The company’s Arizaro Project stands as its primary asset, containing 4,122,000 tonnes of lithium carbonate equivalent. The project’s planned production capacity is 25,000 tonnes annually of battery-grade lithium carbonate, with an estimated operational lifespan of 20 years.
The company employs advanced exploration techniques and sustainable extraction methods to identify and develop lithium resources. Their technical approach includes detailed geological mapping, geophysical surveys, and environmentally conscious drilling programs. The extracted lithium serves as an essential raw material for manufacturing lithium-ion batteries, which power electric vehicles and renewable energy storage systems.
Through a joint venture with European mining company Eramet, Lithium Chile has enhanced its technical capabilities in Chilean properties spanning 40,000 hectares. This collaboration brings additional expertise in lithium extraction and processing methods, strengthening the company’s position in the battery materials supply chain.
Recent Projects
In early 2024, Lithium Chile executed a binding Letter of Intent to sell its 80% interest in the Salar de Arizaro project for USD $180 million, with due diligence expected to complete by mid-February 2025. The company has retained its 89% interest in Block IV (8,445 hectares) and plans new exploration initiatives there.
The Chilean government approved the Salar de Coipasa for commercial exploitation under the National Lithium Strategy. In response, Lithium Chile expanded its holdings from 11,300 to 13,100 hectares, with an additional 6,100 hectares pending approval.
Investors
Notable investors in Lithium Chile include Sprott Funds Trust – Sprott Lithium Miners ETF and Bcm Advisors, Llc as institutional shareholders. Gator Capital Ltd. maintains approximately 18.40% ownership, while Chairman Al Kroontje holds 4.69% and CEO Steven Cochrane owns 1.57% of shares. Additional investors include Funds Avenue SA with 0.3393% and CFO Jana Lillies with 0.2181% ownership.
Business Details
Location: Calgary, Alberta, Canada
Website: https://lithiumchile.ca
LinkedIn: https://www.linkedin.com/company/71601810
