MLT Aikins was pleased to represent company Lithium Chile Inc. in connection with the LIFE offering of 15.95-million units of the company at a price per unit of $0.50 for aggregate gross proceeds of $7.975 million.
MLT Aikins partner John Brigidear acted as lead on the transaction, with support by partner Mark Mielke and associate Devon Fjellner. John, Mark and Devon are based in the firm’s Calgary office.
Lithium Chile is a Calgary-based exploration and lithium resource company with a property portfolio of more than 100,000 hectares in Chile and 29,245 hectares in Argentina. The company has ownership of the Arizaro Project, one of the largest land portfolios in Argentina and Chile’s junior mining sector, with a pre-feasibility study showing a mineral resource of 4.122-million tonnes of lithium carbonate equivalent, a production capacity of 25,000 tonnes per annum of battery-grade lithium carbonate, a 20-year mine life and a pre-tax net present value of over US$3.8 billion with 42.1% pre-tax internal return rate.
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