Lithium Power International Announces Increased Ownership to 51.35% of the Maricunga Lithium Brine Project and Strengthens Board | Finance News Network

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Lithium Power International Announces Increased Ownership to 51.35% of the Maricunga Lithium Brine Project and Strengthens Board

Highlights

- LPI enters agreement to increase its ownership to 51.35% of Minera Salar Blanco S.A. (“MSB”).

- LPI strengthens its board by appointing MSB’s Director and significant shareholder, Mr Martin Borda and MSB’s CEO, Mr Cristobal Garcia-Huidobro as Non-Executive Directors.

- These agreements tighten strategic and operational alignment with the Chilean partners of the Maricunga Lithium Brine Project.

Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) has entered into a term sheet with its joint venture partner, Minera Salar Blanco SpA (“Minera Blanco”), to acquire a further 1.35% of the shares in the Maricunga Joint Venture Company, Minera Salar Blanco S.A. (“MSB”).


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