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Lithium Chile And Summit Nanotech Announce Signing of Definitive Agreement for Their Joint Pilot Project in Chile
(TheNewswire) CALGARY, ALBERTA – TheNewswire - March 8...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile And Summit Nanotech Announce Signing of Definitive Agreement for Their Joint Pilot Project in Chile\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n March 8, 2021\n \n \n –\nLithium Chile Inc. (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (\n \n \n TSXV: LITH)\n(OTC:LTMC)\n \n \n is pleased to announce the completion\nof a definitive agreement with Summit Nanotech Corporation (“Summit\nNanotech”) that will launch Summit Nanotech’s proprietary lithium\nextraction technology at one of Lithium Chile’s exploration\nwellsites. The original LOI was entered into in June of 2020 (see\npress release June 16, 2020) whereby Lithium Chile and Summit Nanotech\nwould collaboratively demonstrate the viability of the novel process\nfor sustainable extraction of lithium.\n \n \n \n \n During the last six months, Summit Nanotech has been\nadvancing its technology to the point where a pilot unit is now under\nconstruction with the intention to deploy it for field testing by Q4\n2021.\n \n \n \n \n Lithium Chile has identified two prospective properties\nfor the pilot program and is currently in the process of confirming\ndrill locations following which drilling permits will be applied\nfor.\n \n \n \n \n Steve Cochrane, President and CEO of Lithium Chile\ncommented, “We are extremely excited to have our definitive\nagreement in place with Summit Nanotech so we can jointly prove the\nmerits of their new technology for the ecologically sustainable\nproduction of lithium. We have received tremendous support from the\nlocal indigenous communities for our combined efforts to reduce\nenvironmental impact by changing the way lithium is produced from\nbrine deposits. We see Summit’s technology as the future of our\nindustry.”\n \n \n \n \n Amanda Hall, CEO & Founder of Summit Nanotech\ncommented, “This is an exciting first step on the road to a\ncommercial scale operation of our denaLi DLE technology. It has been\nan honor working with Lithium Chile’s team to progress this exciting\nendeavor in the heart of the lithium triangle, which includes the\nsupport of both the Chilean federal government and local Indigenous\ncommunities in Chil...