Lithium Chile to hold AGSM May 15

Executive Summary

• Lithium Chile clarifies that a special shareholder meeting to approve the sale of the Arizaro asset will be called immediately upon receipt of required regulatory approvals, separate from the annual general meeting scheduled for May 15, 2026.
• The company confirms that all required regulatory filings have been submitted in both Canada and China, and the parties are advancing the closing process for the $175-million (U.S.) transaction.
• Lithium Chile has received full repayment of a $1-million (U.S.) loan previously advanced to San Lorenzo Gold, bringing its cash balance to over $5-million (U.S.).

Key Details

• Special Meeting Timing: A special meeting to seek shareholder approval for the Arizaro asset sale will be called immediately upon receipt of required regulatory approvals.
• Annual General Meeting: The annual general meeting and special meeting for routine matters is intended for May 15, 2026.
• Transaction Value: The sale of the Arizaro asset is valued at $175-million (U.S.), approximately $248-million (CAD).
• Regulatory Status: All required regulatory filings have been submitted by Lithium Chile in Canada and by China Union Holdings in China.
• Loan Repayment: Lithium Chile received full repayment of a $1-million (U.S.) principal loan previously advanced to San Lorenzo Gold.
• Cash Position: The repayment has increased the company's cash balance to exceed $5-million (U.S.).

Notable Quotes

• "Lithium Chile wishes to clarify that immediately upon receipt of required regulatory approvals, a special meeting of Lithium Chile's shareholders will be called to seek approval for the transaction involving the sale of the Arizaro asset."
• "Both parties are advancing the closing process diligently toward closing the $175-million (U.S.) (approximately $248-million) transaction."