LPI is developing the Maricunga Lithium Project in Chile in a joint venture with Minera Salar Blanco SpA and Bearings Inc. (51.35% LPI/30.98% Minera Blanco/17.67% Bearings Inc.). Here’s a screenshot from a recent company presentation outlining developments during 2017 relating to the Maricunga Project.
The share price has seen an increase today after the company announced that its joint venture partner Minera Salar Blanco has agreed to end its legal proceedings against the Chilean Government related to the issuing of a Special Lithium Operation Contract covering its new mining coded concessions to an unrelated third-party. This has now removed some uncertainty and risk hanging over the JV and the share price has reacted predictably by heading north in response.
Watching LPI for a break through 35c on high volume.
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