- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Lithium Power International Limited (ASX: LPI) (LPI or the Company) today announced the completion of a Share Purchase Agreement (the Agreement) with the Canadian based company, Vertex Lithium Corporation (Vertex), to acquire LPI’s 70 per cent of lithium exploration properties on the Centenario Salar (Centenario) in Argentina. Centenario has been held by LPI since the …
Lithium Power International Limited (ASX: LPI) (LPI or the Company) today announced the completion of a Share Purchase Agreement (the Agreement) with the Canadian based company, Vertex Lithium Corporation (Vertex), to acquire LPI’s 70 per cent of lithium exploration properties on the Centenario Salar (Centenario) in Argentina.
Centenario has been held by LPI since the Company was established and was part of the asset portfolio for the successful IPO in June 2016. LPI’s focus on Latin America has been primarily on developing the flagship Maricunga lithium brine project in Chile.
The Centenario transaction with Vertex releases the Company from future annual exploration spending obligations set under Argentinean regulations. It also removes the cost of holding the asset in a foreign jurisdiction in which the Company had no plans to conduct future exploration.
As previously announced the Share Purchase Agreement was executed in May 2021, with a six-month deferred settlement.
Click here for the full ASX Release
This article includes content from Lithium Power International, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Outlook Reports
Featured Australia Investing Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2232.75 | +0.84 | |
Silver | 24.95 | +0.03 | |
Copper | 4.01 | +0.01 | |
Oil | 83.11 | +1.76 | |
Heating Oil | 2.62 | +0.01 | |
Natural Gas | 1.75 | +0.03 |
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.