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Lithium Power International: Completes sale of Centenario lithium assets

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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