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M&A / Property

Lithium Chile receives $5M (U.S.) deposit for Arizaro

By The Northwire Desk — AI Analysis Feb 18, 2026 · 18:27 LITH · 0.60 Lithium Chile Inc.
LITH · Price

Executive Summary

  • Lithium Chile Inc. has received a $5 million (U.S.) deposit from China Union Holdings Ltd. toward the sale of its Argentine subsidiary, Argentum Lithium SA, which holds the Salar de Arizaro project.
  • The deposit satisfies one of the closing conditions and is held in trust pending the satisfaction of remaining conditions, including regulatory approvals.
  • The transaction is scheduled to close in June 2026, with the company currently preparing an information circular for a shareholder meeting.

Key Details

  • Transaction Value/Deposit: $5 million (U.S.) deposit received from China Union Holdings Ltd.
  • Asset Being Sold: Argentine subsidiary, Argentum Lithium SA, which holds the Salar de Arizaro project in Argentina.
  • Deposit Status: Held in trust subject to the definitive share purchase agreement; released upon satisfaction of remaining closing conditions.
  • Closing Timeline: Scheduled for June 2026.
  • Current Status: Advancing procedural steps, including preparation and distribution of an information circular to shareholders for a required shareholder meeting.
  • Remaining Conditions: Subject to customary closing conditions, including regulatory approvals under applicable foreign investment and securities laws.
  • Chilean Regulatory Context: Company notes the installation of a new government in Chile on March 1, 2026, and anticipates policy reforms prioritizing regulatory efficiency and investment certainty.
  • Company Portfolio: Lithium Chile holds 11 properties in Chile (106,136 hectares) and the Salar de Arizaro in Argentina (29,245 hectares).

Notable Quotes

  • Steve Cochrane, President: "The receipt of this deposit reflects China Union Holdings' clear commitment to completing the transaction. Work across regulatory, technical and closing matters continues to progress as planned, with both parties moving efficiently toward satisfying the remaining conditions. We are encouraged by the pace of progress and remain focused on moving efficiently toward completing the transaction by midyear, subject to customary approvals."
Read the original news release →

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