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Lithium Chile and Grupo Errazuriz Apply for CEOL to Produce Lithium in the Coipasa Salt Flat
(TheNewswire) TSX Venture Exchange: LITH OTC-QB: LTMCF CALGARY,...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile and Grupo Errazuriz Apply for CEOL to Produce Lithium in the Coipasa Salt Flat \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n TSX Venture Exchange: LITH\n \n\n\n\n OTC-QB: LTMCF\n \n\n\n\n\n\n CALGARY, ALBERTA –\n \n\n TheNewswire -\n \n\n February 6, 2025\n \n\n –\n \n\n Lithium Chile Inc\n \n\n . (“\n \n\n Lithium\nChile\n \n\n ” or the “\n \n\n Company\n \n\n ”) is\npleased to announce a pivotal step taken toward advancing lithium\nproduction in Chile. Lithium Chile through its wholly owned\nsubsidiary, Kairos Inversions SPA, together with Grupo Errázuriz\nthrough its subsidiary, Cosayach Caliche, jointly applied for a\nSpecial Lithium Operation Contract (CEOL) on a 50%-50% basis for the\nCoipasa salt flat, situated in the Tarapacá region.\n \n\n\n\n Under the leadership of President Gabriel Boric and as\npart of Chile's comprehensive National Lithium Strategy, a simplified\nbidding process for CEOLs was launched in 2024 for six priority saline\nsystems, which included the Company’s shared Coipasa Salt Flat\nclaims. The simplified process is aimed at accelerating the prompt\nexecution of viable projects which aligns with the government's goal\nto rapidly enhance Chile’s standing in the global lithium\nmarket.\n \n\n\n\n To qualify for the streamlined process, companies or\nconsortia were required to demonstrate experience in any segment of\nthe lithium industry value chain or in mining operations. They must\nalso have the financial capability to develop the project and control\nmining concessions that cover at least 80% of the area in any of the\ndesignated priority salars.\n \n\n\n\n Francisco Javier Errázuriz, President of the\nErrázuriz Group which controls Cosayach Caliche, commented on the\ndevelopment, “\n \n\n This joint\napplication meets, and indeed exceeds, the government's criteria in\nterms of industry experience, financial capability, and control over\nmining concessions within the prioritized saline systems. For the\nCoipasa salt flat, our joint venture covers 89.83% of the Salar de\nCoipasa polygon, encompassing both Exploration and Exploitation\nconcessions which allows for the fast tracking of the CEOL\npermit.”\n \n\n\n\n The joint application, with both parties partici...