Ann: Finance News Network Interview - LPI Corporate Update, page-9

Mick, the difference is that LPI/MSB/BRZ own our tenements whereas Albelmarle and SQM's tenements at Atacama are owned by CORFO or subject to contractual arrangements regarding exploitation with CORFO - they are essentially government-owned and that is why they have a different sliding scale royalty regime applied to Atacama salar lithium production.  Our situation at Maricunga is completely different.

The more lithium downstream processing investment there is in Chile the better it will be for LPI.  Ultimately, if a vehicle manufacturer was looking to establish an EV plant in South America, they would no doubt locate near to where the majority of vehicle inputs are, AND Chile would have to be a prime location if battery-making capacity is embedded.  Also there is plenty of local copper to support EV copper inputs.

Food for thought.