Lithium Extraction Works decision will be based on the positive results of its multi-phase assessment program for the chemical transformation of spodumene concentrate to battery grade lithium carbonate and hydroxide at a site located near Lago de Coipasa, 20km north of mineral rich Salar de Ayuni.

This potential facility would be a fundamental part to Lithium Extraction Works growth strategy of meeting the growing demand for lithium hydroxide, a fundamental element which in battery markets.

Lithium Extraction Works’ Chief Geological Officer, Mr. Bruce McArthur commented on the preliminary assessment saying "Our strategy is to position the company to become a world leading producer of lithium hydroxide for batteries and to maximize value for our shareholders. We believe that a facility in Bolivia will be capable of achieving our targets in achieving our goals."

“After our assessment, the plan will be the refining metallurgical process to transform spodumene concentrate into lithium hydroxide and carbonate. Lithium Extraction Works are currently considering the optimal location for the facility within the Lago de Coipasa area and we will employ local engineers who will facilitate the implementation of this process. The construction of the lithium hydroxide processing facility is scheduled to be completed by the end of January 2021 depending on the final results,” added Bruce McArthur, Chief Geological Officer of Lithium Extraction Works.

About Us - Lithium Extraction Works

Headquartered in Santiago, Lithium Extraction Works is a mining company with a specific focus on lithium. Working with large international partners in diverse areas, from transport and energy storage to energy, we look to drive mutual growth through sustainable supplies and environmentally responsible operations.

With constant innovation in mining technology, efficient practices on the ground and decades of knowledge, we have built an experienced, effective team of engineers, operators and scientists who are at the heart of our success.

The supplies of rare earth minerals and metals we deliver are vital to the growth of important industries and international companies, used for a myriad of purposes, utilized in the production of electronic cars, pharmaceuticals, general consumer electronics, water-treatment facilities and refineries, to name but a few.

With our expansion derived from our ability and capacity to deliver steady supplies of vital rare earth minerals and metals, along with the increasing demand for products which require them, we at Lithium Extraction Works foresee mutual growth and benefit for ourselves, our partners and investors.