reports
- Alison Turner
Lithium Power International - Termination of coverage
Edison Investment Research is terminating coverage on ABC Arbitrage (ABCA), paragon (PGN), Foresight Solar Fund (FSFL), Kendrion (KENDR), Lithium Power International (LPI), Triple Point Energy Transition (TENT), 4iG (4IG), e-therapeutics (ETX), Pharnext (ALPHA) and Shield Therapeutics (STX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our web...
Response to Media Speculation
Response to Media Speculation SYDNEY, Australia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“Lithium Power” or “the Company”) refers to recent media speculation regarding discussions between Corporación Nacional del Cobre de Chile (“Codelco”) and Lithium Power about a potential transaction. Lithium Power confirms that it is in discussions with Codelco regarding a potential transaction. However, at this stage, discussions between Lithium Power and Codelco are incomplete and no agreement on terms has been reached. Codelco has been granted due dil...
Maricunga Lithium Brine Project Status
Maricunga Lithium Brine Project Status SYDNEY, Australia, July 17, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) has become aware of recent media speculation pertaining to the status of its Maricunga Project tenements and the Company’s market disclosure. LPI refutes the information in the news articles (AFR online, Street Talk 16/7/23, reporting on a Chilean newspaper article) and confirms that the market has been fully informed, as repeated below. On the evening of Thursday, 20 April 2023 (Chilean time), Chilean President Gabriel Boric ...
- Alison Turner
Lithium Power International - Sale of Australian assets agreed
Lithium Power International (LPI) has entered into a binding agreement to sell its 100%-owned Australian lithium tenements to Albemarle. This is an all-cash transaction that will see LPI receive A$29m on completion, which is expected in early July 2023. The company will use the proceeds to further advance its flagship Maricunga lithium project in Chile. The deal is positive in our view in that it allows LPI to significantly extend its cash runway without further diluting its shareholders.
A$30 Million Cash Sale Agreed for Western Lithium Ltd
A$30 Million Cash Sale Agreed for Western Lithium Ltd SYDNEY, Australia, June 19, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (LPI or the Company) is pleased to announce that it has entered into a binding agreement to sell its wholly-owned Australian subsidiary, Western Lithium Ltd (WLI) (100% owner of a number of tenements, including through its subsidiary, CMC Lithium Pty Ltd, in Western Australia) to Albemarle Lithium Pty Ltd (an Australian subsidiary of Albemarle Corporation). The transaction involves Albemarle Lithium Pty Ltd acquiring 100% of WLI’s share...
- Alison Turner
Lithium Power International - Lower risk, higher reward
After a sharp correction in H222 and H123, lithium prices have recently enjoyed a healthy bounce back, providing support to lithium equities. However, Lithium Power International’s (LPI’s) shares continue to be held back by the political uncertainty in Chile. Acknowledging the initial market scepticism, we believe that the recent introduction of a Chilean national lithium policy establishes a clearer path to production for new projects. Based on our model, LPI’s share price implies a net present...
Chile Takes Further Steps Towards Constitutional Reform
Chile Takes Further Steps Towards Constitutional Reform SYDNEY, Australia, May 11, 2023 (GLOBE NEWSWIRE) -- Conservative Parties will hold a MajorityPrevious Veto held by Left Wing Parties Removed Dear Stakeholder Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an update on the recent vote in Chile over the weekend on the Chilean Constitution reform. Following Chile’s national plebiscite on 4 September 2022, when a proposed constitution drafted by the Constitutional Convention was rejected by a 62-38 margin, lawmakers announced a ...
Activity Report for the Quarter ended March 2023
Activity Report for the Quarter ended March 2023 SYDNEY, Australia, May 01, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) is pleased to provide shareholders with an overview of quarterly activities for the period ending 31 March 2023. (“Quarter” or “Reporting Period”). HIGHLIGHTS Completion of the MSB ownership consolidation enabled LPI to increase its presence in Chile.A major public relations program is underway in Chile to explain development plans for LPI’s Maricunga lithium brine project. The Chilean Government re...
The New Chilean National Lithium Policy
The New Chilean National Lithium Policy SYDNEY, Australia, April 23, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide updated comments on the recent announcement of the new National Lithium Policy in Chile, and the potential impact it will have on the company’s Maricunga lithium brine project. On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”). The NLP outlines the plans for the future implementation of lithium exploration and expl...
Initial Response to the Chilean National Lithium Policy
Initial Response to the Chilean National Lithium Policy SYDNEY, Australia, April 21, 2023 (GLOBE NEWSWIRE) -- Dear Stakeholder, Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an English translation of two media reports in Chile in response to the initial release of the Chilean National Lithium Policy and the potential effect on the company’s Maricunga lithium brine project. It should be noted this text is a direct translation of the media reports, and the Company acknowledges particular grammar and other syntax in these articles. Minera ...
Update On LPI’s Maricunga Lithium Brine Project In Chile
Update On LPI’s Maricunga Lithium Brine Project In Chile HIGHLIGHTS Chile is expected soon to release a new lithium policy that LPI believes will be supportive of private developers and may also involve the option of partial State equity collaborations.Work at LPI’s Maricunga lithium brine project continues to ensure high ESG standards, on the back of the fully approved and awarded environmental and social permits.A major program is underway to explain Maricunga’s project plans at all levels of government, local communities and the Chilean public.Funding discussions are ongoing with fina...
- Alison Turner
Lithium Power International - Lithium price upgrade calls for higher v...
We have raised our near-term lithium price expectations to reflect the current supply/demand cycle and upgraded our long-run (post 2031) price forecasts (from US$17,000/t to US$22,500/t LCE) to reflect lithium’s high demand growth and highly concentrated supply fundamentals. On the back of this, our valuation of Lithium Power International (LPI) has increased from A$1.24/share to A$1.42/share assuming the full project equity dilution. We have also updated our model to reflect 100% consolidation ...
Activity Report for the Quarter ended December 2022
Activity Report for the Quarter ended December 2022 SYDNEY, Australia, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) is pleased to provide shareholders with an overview of quarterly activities for the period ending 31 December 2022 (“Quarter”, “Reporting Period”), including subsequent events that might have a significant impact between 31 December 2022 and the issuance date of this Report. HIGHLIGHTS Completed consolidating ownership of 100% of Maricunga Lithium Project. Merger with Salar Blanco LLC to acquire its 31.31% of Maricu...
Drilling at Greenbushes Lithium Project
Drilling at Greenbushes Lithium Project HIGHLIGHTS LPI has successfully completed the RC drilling component of its inaugural drilling program at its East Kirup lithium prospect in the Greenbushes region of Western AustraliaTen holes were drilled for a total of 573 metresSeveral two-metre zones have indicated the potential for pegmatites, after early drilling intercepted quartz, pink potassic feldspar, biotite and tourmalineSamples have been submitted to an assay laboratory for analysisDrilling has demonstrated that the depth of the laterite is only 5-7m, the ground water is non-saline and ...
LPI Completes Maricunga Ownership Consolidation
LPI Completes Maricunga Ownership Consolidation HIGHLIGHTS LPI has now completed the Bearing Transaction to acquire the final 17.14% interest in MaricungaLPI has now consolidated ownership of 100% of Maricunga SYDNEY, Australia, Dec. 24, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to advise that it has now successfully completed the Plan of Arrangement with joint venture partner Bearing Lithium Corp. (BRZ:TSXV) (“Bearing Transaction”) who held a 17.14% interest in the Maricunga lithium brine project in Chile (“Maricunga”). ...
LPI Completes First Steps of Maricunga Consolidation
LPI Completes First Steps of Maricunga Consolidation HIGHLIGHTS The Salar Blanco (SBD) Transaction (31.31% interest portion) has now completedLPI now owns 82.86% of MaricungaFinal condition to allow the Bearing Transaction (17.14% interest portion) now satisfiedCompletion of the Bearing Transaction to occur within the coming days SYDNEY, Australia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) provides an update on the consolidation of 100% ownership of LPI’s flagship Maricunga lithium brine project in Chile (“Maricung...
LPI’s Consolidation of 100% of the Maricunga Project to Complete Immin...
LPI’s Consolidation of 100% of the Maricunga Project to Complete Imminently HIGHLIGHTS The completion of the ownership consolidation process of the Maricunga lithium brine project is expected within DecemberThe Scheme meeting and second court hearing for the Salar Blanco (SBD) Transaction (33.31% interest portion) has taken placeThe Salar Blanco Transaction is expected to occur during the week of 19 December, satisfying the final condition to allow the Bearing Transaction (17.14% interest portion) SYDNEY, Australia, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (...
- Alison Turner
Lithium Power International - Carbonate purity above industry standard...
Lithium Power International (LPI) has announced that optimisations to the production process introduced in the updated definitive feasibility study (DFS) at its Maricunga lithium project resulted in battery grade lithium carbonate whose purity exceeded industry standards. LPI now plans to send these carbonate samples to potential off-takers as part of the ongoing project finance process.
LPI Produces Battery Grade Lithium Carbonate With 99.92% Purity From M...
LPI Produces Battery Grade Lithium Carbonate With 99.92% Purity From Maricunga Project HIGHLIGHTS Optimisations introduced to the production process of LPI’s Maricunga lithium project exceed industry standards, with 99.92% purity battery grade lithium carbonate being produced from samples of concentrated brine.Technical certification by IBZ-Salzchemie GmbH & Co, under international standards, was conducted under the supervision of GEA Messo in Germany and LPI’s experts in Chile.Samples will now be sent to potential lithium buyers for analysis as part of LPI’s financing plans for mine const...
LPI Consolidates 100% of the Maricunga Project
LPI Consolidates 100% of the Maricunga Project HIGHLIGHTS Final completion in sight for 100% consolidation of the Maricunga lithium brine projectLPI shareholders approve the issue of consideration shares under the SBD Transaction to acquire the remaining 31.31% interest in the projectBearing shareholders approve the Bearing Transaction for LPI to acquire their 17.14% interest in the project SYDNEY, Australia, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an update on the progress of the consolidation o...
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