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Lithium Chile Receives US $5 Million Deposit Toward Sale of Salar de Arizaro Project, Argentina
(TheNewswire) TSX Venture Exchange: LITH OTC-QB: LTMCF CALGARY, ALBERTA –...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Receives US $5 Million Deposit Toward Sale of Salar de Arizaro Project, Argentina\n(TheNewswire)\n\n\nTSX\nVenture Exchange: LITH\n\n\nOTC-QB: LTMCF\n\n\nCALGARY, ALBERTA – TheNewswire - February 18, 2026 -\nLithium Chile Inc. (“Lithium\nChile” or the “Company”) is\npleased to announce that it has received a US $5,000,000 deposit from\nChina Union Holdings Limited (“CUH”) in connection with the previously\nannounced sale of its Arizaro project through the disposition of the\nCompany’s Argentinian subsidiary, Argentum Lithium S.A. (the\n“Transaction”).\n\n\nThe deposit has been received in satisfaction of one of\nthe closing conditions under the Transaction and is being held in\ntrust, subject to the terms of the definitive share purchase agreement\n(the “Definitive\nAgreement”), until the remaining closing\nconditions are satisfied. Upon satisfaction of such conditions, the\ndeposit will be released in accordance with the Transaction\nterms.\n\n\nSteve Cochrane, President of Lithium Chile, commented:\n“The receipt of this\ndeposit reflects China Union Holdings’ clear commitment to\ncompleting the Transaction. Work across regulatory, technical and\nclosing matters continues to progress as planned, with both parties\nmoving efficiently toward satisfying the remaining conditions. We are\nencouraged by the pace of progress and remain focused on moving\nefficiently toward completing the transaction by mid-year, subject to\ncustomary approvals.”\n\n\nThe Company is currently advancing procedural steps\nrequired to complete the Transaction, including the preparation and\ndistribution of an information circular to shareholders in connection\nwith the required shareholder meeting. As stipulated in the Definitie\nAgreement, closing is scheduled for June 2026. The Transaction remains\nsubject to customary closing conditions, including regulatory\napprovals under applicable foreign investment and securities\nlaws.\n\n \n\nCHILEAN DEVELOPMENTS\n\n\nLithium Chile also notes the upcoming installation of\nthe new government in Chile on March 1, 2026. The Company is\nencouraged by indications that the new administration intends to\nprioritize regulatory efficiency, investment certainty, and\nresponsible resource development...