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.
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
For further information: LSC Lithium Corporation, Jessica Helm, VP, Corporate Communications and Investor Relations, Suite 3001, 1 Adelaide Street East, Toronto, Ontario M5C 2V9, (416) 867 9298, Email: firstname.lastname@example.org, Web: lsclithium.com