{"id":32188,"date":"2023-04-28T13:32:21","date_gmt":"2023-04-28T12:32:21","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=32188"},"modified":"2023-06-01T14:04:11","modified_gmt":"2023-06-01T13:04:11","slug":"lithium-power-international-quarterly-overview-2023","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/lithium-power-international-quarterly-overview-2023\/32188\/","title":{"rendered":"Lithium Power International: Quarterly overview 2023"},"content":{"rendered":"

Lithium Power International<\/a> (LPI) comments on activities in the lithium industry during the first quarterly period of 2023.<\/h2>\n

100% ownership of Minera Salar Blanco<\/h3>\n

LPI consolidated the ownership of the Maricunga lithium project in December 2022 by taking 100% ownership of the Chilean project company Minera Salar Blanco (MSB).<\/p>\n

Work was undertaken on post consolation corporate matters during this quarter. Matters were particularly related to the Plan of Agreement associated with the acquisition of Bearing Lithium. Associated companies were delisted from the Canadian TXSV exchange.<\/p>\n

The new ownership allows LPI to oversee the development of the Maricunga lithium project<\/a> by streamlining decision-making and simplifying and de-risking the funding pathway for Maricunga. This enhances LPI\u2019s ability to source capital from a wider range of providers to fund development in the lead-up to the Final Investment Decision.<\/p>\n

These actions may be able to deliver enhanced returns to shareholders. This is evident in the promotional and liaison activities undertaken by MSB in Chile during the quarter.<\/p>\n

Chile\u2019s lithium policy initiatives<\/h3>\n

The Chilean National Lithium Policy outlines plans for the future implementation of lithium exploration<\/a>. The plans will push Chile to the forefront of global lithium production as demand grows.<\/p>\n

LPI and MSB have been in constant dialogue with the Chilean government and private institutions that have participated in the development of the Lithium Policy.<\/p>\n

The Policy doesn\u2019t constitute the nationalisation of Chile\u2019s lithium industry. It will be implemented to set the conditions and parameters for the country to have more active involvement and higher financial returns in a strategic industry.<\/p>\n

The NLP also seeks to accelerate the development of new projects in the country.<\/p>\n

Here\u2019s how the Lithium Policy will affect LPI\u2019s Maricunga project:<\/p>\n