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Lithium Chile Sees Opportunity as Lithium Production and Export License Granted to the Minera Salar Blanco (MSB) Confirms Change of Chilean Government Policy
Lithium Chile Sees Opportunity as Lithium Production and Export License Granted to the Min...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Sees Opportunity as Lithium Production and Export License Granted to the Minera Salar Blanco (MSB) Confirms Change of Chilean Government Policy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 15, 2018\n\n\n\nTSX Venture Exchange: \"LITH\"\n\n\n\nCALGARY, March 15, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") notes that the recent granting of a lithium production and export license to MSB, a joint venture owned by Lithium Power International, Bearing Lithium Corp. and Minera Salar Blanco indicates a major change in Chilean policy, with strong, potential benefits for Lithium Chile and other lithium exploration and development companies in Chile. The granting of the license comes shortly after Chile's new President, Sebastian Pinera, took power with a strong mandate to improve the economy. Mr. Pinera – a Harvard-trained economist and billionaire – is considered a strong supporter of the mining industry.\n\nAs per the 2017 USGS Survey Chile hosts the world's largest lithium brine reserves, the highest grades and the lowest-cost of production. Until recently, the country has been slower than other countries to expand its lithium sector, however, the new government has vowed to grow the economy, slash red tape and implement business-friendly policies, such as streamlined mining permits.\n\nThe previous restrictions on Chilean lithium exploitation and export has, until now hindered wide-scale investment by the mining industry and enabled Lithium Chile to amass the largest landholding of lithium exploration properties outside of the Chilean government and the two current producers SQM and ALBERMARLE. The portfolio includes projects with lithium brine assays from near-surface sampling, measuring as high as 1410mg/l lithium (see press release January 24 2017).  With this new government support for lithium mining, the Company expects that companies with substantial, prospective projects will see considerable benefits.\n\nSteve Cochrane, Presiden...