Lithium Extraction Works enter discussions to take over Calama rare earth project
11/24/2020

Lithium Extraction Works today announced that it is in advanced negotiations to take over a rare earth minerals project in the Chilean mining town of Calama.

Online PR News – 24-November-2020 – SANTIAGO/REGION METROPOLITANA – Due to the ongoing COVID-19 pandemic, the project site has remained derelict due to the suspension of operations and Lithium Extraction Works see this as an opportunity to help the local community by saving jobs and restarting mining operations.

Lithium Extraction Works’ Executive Vice Chairman, Mr. Arturo Ortega commented on the imminent takeover saying “This year has been a very testing time for global companies and in some cases, companies have not managed to survive this pandemic. However, in turbulent times, opportunities do arise and we see this opportunity as a welcome addition to our expanding portfolio.”

“We are in a very fortunate position due to our balance sheets being in order and our financial power have put Lithium Extraction Works in good stead for the forthcoming and uncertain future. If all goes according to plan, the deal should be finalized in the coming weeks. Lithium Extraction Works will also be following measures to mitigate environmental impacts that may result from the project development,” added Arturo Ortega, Executive Vice Chairman 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.