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SOURCE Li3 Energy Inc.
Deputy Minister Orrego Recommends the Redefining of Lithium´s Strategic Status
SANTIAGO, CHILE, Feb. 10, 2014 /PRNewswire/ -- Li3 Energy, Inc., (OTCBB: LIEG –News) ("Li3", "Li3 Energy" or the "Company"), a US-listed and South America based global exploration company in the lithium and minerals sector, applauds the editorial by Francisco Orrego, Deputy Minister of Mining of Chile, in the February 5th edition of La Tercera, a Santiago-based daily, which states that it is time for Chile, with one of the largest lithium reserves in the world, to redefine the strategic categorization of lithium and to leverage its comparative advantages in lithium production, thus firmly establishing Chile as a global player in the sector.
"The comments of Deputy Minister Orrego are great news for future lithium producers in Chile and particularly for Li3," said Li3's President and CEO, Luis Saenz. "We support and applaud his statements that it is in the best economical interest of the government to move toward a new national policy to exploit lithium," Saenz continued.
"Li3 is well positioned to benefit from the changing of the definition of lithium as a strategic resource and will continue to support any government efforts to bring Chile back into a leadership position in the global lithium markets," Saenz said.
To read the La Tercera article click here:
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About Li3 Energy, Inc.
Li3 Energy, Inc. is an exploration stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its interest in the Maricunga Project, coupled with the completion of the NI 43–101 Compliant Measured Resource Report and the recently acquired Cocina acquisition, Li3's goals are to: a) advance Maricunga to the Feasibility Stage; b) support the global implementation of clean and green energy initiatives; c) meet growing lithium market demand; and d) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Additional information regarding the Company can be found in our recent filings with the Securities and Exchange Commission ("SEC") as well as the information maintained on our website www.li3energy.com.
Any statements contained herein which are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements identified by or containing words like "believes," "expects," "anticipates," "intends," "estimates," "projects," "potential," "target," "goal," "plans," "objective," "should", or similar expressions. The Company gives no assurances the assumptions upon which such forward-looking statements are based will prove correct. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed herein due to many factors, including, without limitation: obtaining the necessary funding for the company's on-going operations; validation of the POSCO technology; obtaining and the issuance of necessary government consents; confirmation of initial exploration results; the Company's ability to raise additional capital for exploration; development and commercialization of the Company's projects; future findings and economic assessment reports; the Company's ability to identify appropriate corporate acquisition or joint venture opportunities in the lithium mining sector and to establish appropriate technical and managerial infrastructure; political stability in countries in which we operate; and lithium prices. For further information about risks faced by the Company, and its Maricunga Project, see the "Risk Factors" section of the Company's Form 10K, filed with the SEC on October 9, 2013. The Company undertakes no obligation to update any forward-looking statement contained herein to reflect events or circumstances which arise after the date of this release.
KCSA Strategic Communications
Senior Vice President, Investor Relations
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