Lithium Chile Directors and Officers Exercise Options
(TheNewswire)
CALGARY, ALBERTA, July 17,2025 – TheNewswire -Lithium Chile Inc. (“LithiumChile” or the “Company”), ispleased to announce that several directors and officers have exercisedstock options previously granted under the Company’s stock-basedcompensation plan.
A total of 475,000 options were exercised at a price of$0.51 per share, generating $245,250 in proceeds to the Company. Thisinsider participation reflects strong confidence in Lithium Chile’sstrategy and the ongoing progress toward closing a transaction whichis expected to monetize the Arizaro lithium project inArgentina.
The leadership team remains confident that thepreviously announced acquisition of the Arizaro project is advancingtowards closing, with both parties working toward finalizingdefinitive agreements that reflect the material terms contained in theletter of intent entered into on December 15, 2024.
Michelle DeCecco, COO of Lithium Chile comments;“While the Arizaroacquisition has taken longer than anticipated, the transaction termsremain unchanged with both parties fully committed to completing thetransaction. The decision by our board members and the executive teamof Lithium Chile to exercise options is a powerful endorsement in theCompany’s ability to advance the Arizaro transaction and to exploitthe Company’s remaining strong asset portfolio. This includes ourinterests in the Coipasa salar in Chile, where Lithium Chile and itspartner were recently awarded one of only three lithium developmentproduction contracts granted by the Chilean government.”
ABOUT LITHIUM CHILE
Lithium Chile Inc. is an exploration company with aportfolio of 11 properties spanning 107,936 hectares in Chile and29,245 hectares on the Salar de Arizaro in Argentina. The Company hassuccessfully advanced its Arizaro project with the completion of an NI43-101 compliant Resource Report followed by a Preliminary EconomicAssessment and then a Prefeasibility Study, all of which areaccessible on SedarPlus.ca under Lithium Chile’s profile.
Lithium Chile’s common shares are listed on the TSX-Vunder the symbol “LITH” and on the OTCQB Under the symbol“LTMCF”.
To find out more about Lithium Chile, pleasecontact:
Steven Cochrane, President and CEO via email: steve@lithiumchile.ca
Or
Michelle DeCecco, COO via email:michelle@lithiumchile.ca or phone: 587-393-1990.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
FORWARD LOOKING STATEMENTS AND RISKFACTORS:
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-lookingstatements"). Generally, forward-looking statements can beidentified using forward-looking terminology such as"expected", "anticipated", "aims to","plans to" or "intends to" or variations of suchwords and phrases or statements that certain actions, events orresults "will" occur. Such forward-looking statements arebased on various assumptions and factors that may prove to beincorrect, including, but not limited to, factors and assumptions withrespect to the general stability of the economic and politicalenvironment in which the Company operates and the timely receipt ofrequired regulatory approvals.
Such forward-looking statements include, but are notlimited to, statements regarding: (i) the closing of the proposedsale, which remains subject to various risks, including the receipt ofall necessary regulatory approvals, including the approval from theTSX Venture Exchange; (ii) the requirement for execution of definitiveagreements in a form satisfactory to all parties involved; (iii)anticipated meetings with key Argentine provincial authorities,including REMSa and the Ministry of Mining; and (iv) the ability ofboth parties to satisfy all closing conditions set forth in thedefinitive agreements once executed.
Readers are cautioned that the foregoing risk factorsare not exhaustive. Undue reliance should not be placed on theseforward-looking statements, as Lithium Chile can provide no assurancethat the expectations expressed herein will prove to be correct, orthat any of the anticipated events or outcomes will materialize, or ifthey do, what benefits the Company may derive. Similarly, the riskfactors noted above are not comprehensive, and additional risks,including unforeseen developments, may emerge as the Company advancestoward the closing of the proposed sale of the Arizaro project. As ofthe date of this news release, the Board of Directors and managementof Lithium Chile confirm that they are not aware of any undisclosedmaterial information related to the Company. Lithium Chile does notundertake any obligation to update or revise these forward-lookingstatements, except as required under applicable securitieslegislation. All forward-looking statements contained in this newsrelease are expressly qualified by this cautionary statement.
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