Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) Gets Green Light for Ollagüe Project

July 18, 2018 12:15:33
  • Lithium demand continues to grow, partly fueled by Chinese EV production
  • Local community gives consent for drilling at 3,500 hectare Ollagüe Project
  • Early assays at Ollagüe yield samples with significant lithium values

Recent news from the Lithium Triangle shows that Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) is advancing its efforts to produce the precious mineral, which continues to experience demand pressure. The Canadian mining company recently announced that it had received authorization from the Ollagüe (O-YA-GWAY) community to begin an exploration drilling program at its project there, which extends for 3,500 hectares on the Salar de Ollagüe. Early assays have been promising, yielding samples with significant lithium values. These findings boost Lithium Chile’s credentials as a future supplier. The company now owns 15 projects, encompassing 152,900 hectares on lithium-rich salars and lagunas in Chile. It is the owner of the largest privately owned portfolio of lithium claims in Chile.

Lithium continues its celebrity status as global electric vehicle (EV) adoption rises. In the world’s largest market, China, this embracement is supported by central and provincial governments, which are offering a range of subsidies to Chinese manufacturers. As a result, China’s electric car market is growing…

Read More>>

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office