Summary
Name: Lithium Chile Inc.
Tickers: 🇨🇦 LITH 🇺🇸 LTMCF 🇩🇪 KC3
Commodity: Lithium
Jurisdiction: Chile
Stage: Exploration & Development
Market Cap: $170M CAD
About
Looking for lithium stocks to watch in 2024? Lithium Chile’s CEO, Steve Cochrane says this lithium exploration stock is worth a look.
Lithium Chile (TSX-V: LITH) has ownership in the largest high-grade #lithium reserves in the world comprising of 110,000 hectares in Chile and 20,800 hectares in Argentina. The Phase Two Exploration & Development Program is currently underway in Arizaro, Argentina to expand the resource of 3.32 million tonnes (LCE) as reported in the 43-101. An after tax NPV of US $1.1 B was reported in the PEA with a 24% IRR. An Exploration Program in Chile on 3 key properties, with historical drill results showing high grade lithium, is expected in 2024. Lithium Chile also has gold, silver, and copper assets in Argentina, although they’re not actively pursuing those. The company has about $35M in cash, and is planning to continue moving Arizaro forward in the hopes of selling the asset, or the company as a whole, to a larger company.
