TORONTO, Aug. 18, 2017 /CNW/ - LSC Lithium Corporation
("LSC" or together with its subsidiaries, the "Company") (TSXV:LSC)
today announces that its Board of Directors is commencing a review
of strategic alternatives with the objective of enhancing
shareholder value.
LSC owns a highly attractive land package portfolio of
high-quality prospective lithium brine properties spread across six
project areas in Argentina all
located within the "Lithium Triangle." The expansive footprint
consists of ~300,000 hectares, representing the largest exposure of
lithium brines in Argentina. LSC's
six major exploration and development stage projects include
Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes (Salta),
Salinas Grandes (Jujuy) and Jama. LSC is focused on advancing its
six major projects, currently at various stages of exploration and
development, to pre-feasibility and definitive feasibility study
level with meaningful milestones expected to be reached in the
near-to-medium term.
Lithium has become a critical commodity with the rapid
advancement of fully electric and hybrid vehicle adoption and
renewable energy storage systems. With a large land portfolio
of prospective lithium brine assets, LSC is well-positioned to
benefit from growth in this sector. In connection with the review
of strategic alternatives, the Company has retained BMO Capital
Markets to act as its advisor.
There is no defined timeline for this strategic review.
This review of strategic alternatives may result in a variety of
outcomes or no outcome and there can be no assurance that the
Company will pursue or execute any specific action or transaction.
The Company does not intend to make any further announcements or
comments regarding the review of strategic alternatives unless
required by law.
Third parties looking to engage with the Company in respect of
any potential transaction involving the Company should contact BMO
Capital Markets via email at LSC.Lithium@bmo.com or by phone at
+1-416-359-6678.
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of prospective lithium
rich salars and is focused on developing its tenements located in
six project areas: Pozuelos, Pastos Grandes, Rio Grande, Salinas
Grandes (Salta), Salinas Grandes (Jujuy) and Jama. All LSC
tenements are held on salars located in the "Lithium Triangle," an
area at the intersection of Argentina, Bolivia, and Chile where the world's most abundant lithium
brine deposits are found. LSC Lithium has a land package portfolio
totaling approximately 300,000 hectares, which represents extensive
lithium prospective salar holdings in Argentina.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking information. These statements relate to future
events or future performance, including statements regarding the
strategic review and its outcome. The use of any of the words
"could", "intend", "expect", "believe", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on LSC's current belief
or assumptions as to the outcome and timing of such future events.
Whether actual results and developments will conform with LSC's
expectations is subject to a number of risks and uncertainties
including factors underlying management's assumptions, including
risks related to ,the ability to the Company to raise funds to
carry on its operations, the ability of the Company to advance its
projects to pre-fesibiity and definitive fesibility study level,
future demand of lithium as a critical commodity, and the results
of the review of strategic alternatives. Actual future results may
differ materially. The forward-looking information contained in
this release is made as of the date hereof and LSC is not obligated
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein. For more information see the
Company's filing statement on SEDAR at
www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The TSX Venture Exchange Inc. has neither approved nor
disapproved the contents of this press release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the U.S. Securities Act) or any
state securities laws and may not be offered or sold within
the United States unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
SOURCE LSC Lithium Corporation