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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
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 – TheNewswire - February 18, 2026 - Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has received a US $5,000,000 deposit from China Union Holdings Limited (“CUH”) in connection with the previously announced sale of its Arizaro project through the disposition of the Company’s Argentinian subsidiary, Argentum Lithium S.A. (the “Transaction”). The deposit has been received in satisfaction of one of the closing conditions under the Transaction and is being held in trust, subject to the terms of the definitive share purchase agreement (the “Definitive Agreement”), until the remaining closing conditions are satisfied. Upon satisfaction of such conditions, the deposit will be released in accordance with the Transaction terms. Steve Cochrane, President of Lithium Chile, commented: “The receipt of this deposit reflects China Union Holdings’ clear commitment to completing the Transaction. Work across regulatory, technical and closing matters continues to progress as planned, with both parties moving efficiently toward satisfying the remaining conditions. We are encouraged by the pace of progress and remain focused on moving efficiently toward completing the transaction by mid-year, subject to customary approvals.” The Company is currently advancing procedural steps required to complete the Transaction, including the preparation and distribution of an information circular to shareholders in connection with the required shareholder meeting. As stipulated in the Definitie Agreement, closing is scheduled for June 2026. The Transaction remains subject to customary closing conditions, including regulatory approvals under applicable foreign investment and securities laws.   CHILEAN DEVELOPMENTS Lithium Chile also notes the upcoming installation of the new government in Chile on March 1, 2026. The Company is encouraged by indications that the new administration intends to prioritize regulatory efficiency, investment certainty, and responsible resource development. Having successfully obtained a Special Lithium Operating Contract (CEOL) for its Coipasa project in 2...