As sales of electric vehicles (“EV”) continue to increase, a shortage of lithium seems imminent. Mineral explorer Lithium Chile (TSX.V: LITH) (OTCQB: LTMCF) is hoping to help bridge the gap. A recent article discussing the company reads, “As automakers ramp up production of EVs, supply shortages loom on the horizon. One large Tesla supplier expects (http://nnw.fm/3oLXT) a supply squeeze, “not in the short term, but in the longer term there is still risk of a shortage… especially 2023 and 2024…” Every tonne of lithium will count, and Lithium Chile is likely to have many to offer. The company now has a lithium property portfolio consisting of 16 salars and one laguna complex in Chile. The properties include 64 square kilometers on the Salar de Atacama, which hosts the world’s highest concentration of lithium brine production and is currently the source of approximately 30 percent of the world’s lithium production. Lithium Chile’s extensive holdings are the largest held by any private pure play lithium operator. Extending over 159,700 hectares (617 square miles), the claims cover an area much larger than Barbados, with its 430 square miles of land mass.”
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About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile. Lithium Chile’s common shares are listed on the TSX.V under the symbol “LITH” and on the OTCQB under the symbol “LTMCF”. For more information, visit http://nnw.fm/LTMCF
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