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Lithium Chile Provides Update on the Transaction for the Sale of Arizaro Project
(TheNewswire)   TSX Venture Exchange: LITH OTC-QB: LTMCF   CALGARY, A...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Provides Update on the Transaction for the Sale of Arizaro Project\n(TheNewswire)\n \n\nTSX Venture Exchange: LITH\n\n\nOTC-QB: LTMCF\n\n \n\nCALGARY, ALBERTA – TheNewswire - January 14, 2026 -\nLithium Chile Inc. (“Lithium\nChile” or the “Company”) is\npleased to provide an update, with reference to its prior news release\ndated December 22, 2025, regarding the progress made by the Company\nfollowing the execution of the definitive share purchase agreement\n(the “Definitive\nAgreement”), for the sale of its Arizaro\nproject through the disposition of its Argentinian subsidiary,\nArgentum Lithium S.A. (the “Transaction”), for US $175,000,000. The\nCompany is continuing to advance the Transaction toward closing via\nthe steps described below.\n\n\nDetails of the Transaction:\n\n\nReaders may obtain further details regarding the\nTransaction via the following link to the Company’s December 22,\n2025, news release: Lithium Chile\nExecutes the Formal Agreement for the Sale of its Argentine, Arizaro\nProject.\n\n \n\nTRANSACTION PROGRESS\n\n\nReceipt of Buyer Deposit:\n\n\n\n\nThe Escrow Agreement related to the US$5,000,000 deposit from China\nUnion Holdings Ltd. (“CUH”), as defined in the Definitive Agreement, has been\nfinalized within the stipulated 20-day period, demonstrating continued\nadvancement in accordance with the transaction timeline. \n\n\n\nThe deposit will be held in escrow for the benefit of the seller as\nsecurity for the purchaser’s payment obligations under the\nDefinitive Agreement. \n\n\n\n \n\nAGM & Special Shareholders’ Meeting:\n\n\n\n\nThe Company intends to call an Annual General and Special Shareholder\nMeeting (the “Special\nMeeting”) for May 15, 2026, where among other routine\nmatters, shareholder approval for the Transaction will be sought.  \n\n\n\nAn information circular describing the Transaction in detail,\nincluding the Company’s Board of Directors’ recommendation in\nrespect of the Transaction and an independent fairness opinion will be\nmade available to shareholders within the timeframe required under\napplicable securities laws and TSX Venture Exchange policies such that\nshareholders can make an informed decision on...