Lithium Chile Provides Clarification on the Timing of the Special Meeting to Approve Arizaro Transaction

Core Viewpoint - Lithium Chile Inc. is preparing for its Annual General and Special Shareholder Meeting on May 15, 2026, to discuss routine matters and details regarding a substantial issuer bid and the sale of the Arizaro asset [2][3]. Group 1: Meeting and Approvals - The Special Meeting will be called immediately upon receiving the necessary regulatory approvals to seek shareholder approval for the transaction involving the Arizaro asset [3]. - The intended date for the Annual General Meeting and Special Meeting is confirmed as May 15, 2026 [2]. Group 2: Financial Position and Transactions - Lithium Chile is advancing towards closing a transaction involving the sale of the Arizaro asset for US$175 million (approximately C$248 million) [4]. - The company has received full repayment of a US$1,000,000 loan from San Lorenzo Gold, increasing its cash balance to over US$5 million, which strengthens its financial position [5]. Group 3: Company Overview - Lithium Chile Inc. is an exploration company with a portfolio of 11 properties covering 106,136 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina [6]. - The company has successfully advanced its Arizaro project, completing a NI 43-101 compliant Resource Report, Preliminary Economic Assessment, and Prefeasibility Study [6].