- 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…
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