August 9, 2018 |
Canada's MGX Minerals is the latest to highlight investor interest in Chile's lithium sector, penning a memorandum of understanding (MoU) for 50% of local holding subsidiary Salars.
The MoU comes as MGX signaled interest in the Francisco Basi, Laguna Brava and Laguna Escondida lithium exploration projects.
MGX said it will pay exploration expenditures of up to $2m and also agreed to complete "NI 43-101" resource estimates on at least one exploration project. Chilean Lithium Salars will contribut
Canadian minerals unit outlines plans for a 50% stake in some of the Andean country's facilities