Lithium Chile upsizes offering to $6.5M to fund projects in Argentina and Chile, pending approval.

Lithium Chile Inc. has upsized its private placement offering to up to $6.5 million, increasing from 10 million to 13 million units at $0.50 each due to strong market demand. Each unit includes one common share and one-half of a share purchase warrant. Proceeds will fund mineral property development in Argentina and Chile, along with general and administrative expenses and working capital. The offering is subject to regulatory approval, including from the TSX Venture Exchange, and is expected to close around October 7, 2022. Securities are not registered under U.S. laws and may not be offered or sold in the United States.