The purpose of the report is to have an independent analysis on the Maricunga project that it has signed a letter of intent to acquire.
Chile-based SignumBOX has previously issued several reports regarding the use of lithium in batteries and vehicles and its prospects and trends.
The report to be generated by SigumBOX will be completed over five weeks and will include a review of Maricunga’s geological characteristics and a comparison between the Maricunga salar and other salars that are currently being developed by other companies.
Closing of the Maricunga acquisition is subject to satisfactory completion of due diligence, financing of the cash purchase price and work commitment by Li3, and other customary conditions.
Li3 Energy is a US public company currently pursuing a business strategy in the lithium mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina and Chile and the US.
