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Lithium Power International: Completes sale of Centenario lithium assets | Fintech InShorts: Latest fintech news, analysis by experts

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Lithium Power International: Completes sale of Centenario lithium assets

By Steve Sam

November 24, 2021

Lithium Power International Completes sale of Centenario lithium assets

Lithium Power International (LPI) completes a share purchase agreement with Canadian-based company Vertex Lithium
As part of this agreement, Vertex has acquired 70 per cent of LPI’s lithium exploration properties on the Centenario Salar in Argentina
LPI has held Centenario since its IPO in 2016 but agreed to the sale as its focus has primarily been on developing its flagship Maricunga lithium brine project in Chile
The agreement consisted of a US$700,000 (A$968,957) cash payment for the properties as well as US$40,000 (A$55,369) to cover the transaction costs
LPI is down 5.1 per cent on the market with shares trading at 46.5 cents

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