Lithium Chile Inc. (TSXV:LITH) (OTC:LTMCF) and Eramet have formed a Farm-In agreement to expedite exploration on four Chilean properties.

Lithium Chile Eramet Partnership Highlights

Eramet, globally acclaimed in metal extraction, joins forces with Lithium Chile to explore Llamara, Aguilar, Rio Salado, and Aquas Caliente sites, covering over 40,000 hectares. This collaboration aims to harness Eramet’s expertise for significant mineral development.

Exploration Agreement Details

Eramet commits to a multi-phase exploration program estimated at ~USD $20 million. Success in the venture allows Eramet an option for up to 100% equity by phase 3’s end, with Lithium Chile earning a pre-decided Success Bonus upon reaching Lithium Carbonate Equivalent resource targets.

About Eramet

Eramet innovates in the mineral resource sector, emphasizing sustainable and responsible solutions. With a presence in 15 countries and a diverse metal portfolio, Eramet is dedicated to a sustainable future.

About Lithium Chile

Lithium Chile boasts a significant portfolio in Chile and Argentina focused on lithium, along with gold, silver, and copper prospects. The company’s commitment extends to environmental and economic sustainability in its exploration endeavors.

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