Li3 Energy, Inc. (OTCBB:LIEG) entered into a Memorandum of Understanding (MOU) with a Chilean Investment group on October 30, 2013.
Articles Tagged "OTCBB:LIEG"
Li3 Energy (OTCBB: LIEG) has entered into an agreement with Blue Wolf Mongolia Holdings with an agreement and plan of merger for an initial business combination.
Li3 Energy, Inc., (OTCBB:LIEG) has acquired 100% of SLM Cocina 19-27 de la Sierra Hoyada de Marcunga, a Chilean based company.
If proven successful, POSCO’s new lithium extraction technology may further lower the cost of production at brine deposits, widening their economic advantage over hard-rock deposits.
On the grounds that SQM should have been barred from the Chilean lithium concession competition, Li3 Energy has formally appealed to the country's mining ministry in hopes that it will rethink its decision to annul the tender and instead award the contract to the POSCO Consortium.
Chile is counting on lithium operating contracts to significantly increase lithium production over the coming years as it aims to compete with leading producers like Australia and Argentina. The winner of the first contract will be announced on Monday, September 24.
Li3 Energy, Inc.(OTCBB:LIEG) announced the closing of the second tranche of an $18 million funding plan with POSCO Canada Ltd. The first tranche consisted of a $10 million payment.
Li3 Energy, Inc., (OTCBB:LIEG) has agreed to the terms for the $10 million second tranche of funding with POSCO Canada Ltd. Upon closing, this completes the $18 million financial commitment made by POSCO in August 2011.
Li3 Energy, Inc., (OTCBB:LIEG) released their letter to shareholders from its Chief Executive Officer, Luis Saenz, including updates on the Maricunga project and next steps.