Lithium Chile nears final deal on Arizaro sale

Executive Summary

• Lithium Chile provided an operational update on the pending sale of its Arizaro project in Salta Province, Argentina.
• Operational due diligence was completed in February 2025 and financial/legal due diligence by the buyer’s advisers concluded in June 2025; a first draft definitive agreement has been delivered to the company.
• The special committee of independent directors approved submission of the draft agreement to the TSX Venture Exchange for regulatory review, moving the transaction toward final signing.

Key Details

• Binding LOI: Signed on 16 Dec 2024 initiating the sale process.
• Due Diligence Milestones:
• Operational due diligence completed Feb 2025.
• Financial and legal due diligence by buyer’s advisers completed Jun 2025.
• Definitive Agreement Draft: First draft delivered to Lithium Chile after due‑diligence completion; legal teams are finalizing remaining clauses and conditions precedent.
• Special Committee Oversight: Independent directors’ committee continuously reviewed the agreement and approved submission of the draft to the TSX Venture Exchange for regulatory comments.
• Regulatory Path: Buyer will submit the definitive agreement to its local regulator for approval before execution; TSX‑V review is also underway.
• Transaction Status: All major commercial terms have been agreed; only a few items remain under consideration before signing.

Notable Quotes

“The majority of the key commercial terms have been agreed upon, and we are now progressing into the final stages of the transaction… With both the special committee and the TSX‑V review processes under way, we are steadily advancing toward signing this important agreement.” – Steve Cochrane, President & CEO, Lithium Chile Inc.