Bearing Closes Acquisition of Additional Interest in Maricunga JV
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - Bearing Lithium Corp. (" Bearing" or the " Company") (TSXV: BRZ) (OTCQB: BLILF) (FSE: B6K2) is pleased to announce that it has completed the acquisition of additional interest in the Maricunga Project (the "Project"), bringing its interest to 18.02%, as was previously announced on June 25 th, 2018. Bearing acquired the additional Project interest in the Maricunga joint venture company from Minera Salar Blanco SpA, a private Chilean company. The current ownership of the Project is as follows: Lithium Power International at 51.00%, Minera Salar Blanco SpA at 30.98%, and Bearing at 18.02%.
Jeremy Poirier, Bearing's CEO and President commented: "We are pleased to have increased our ownership in the high-grade Maricunga project. This Project represents the highest-grade and most advanced pre-production lithium brine project in Chile. We are pleased with the advancement of the Project and look forward to the tabling of the Definitive Feasibility Study for the Project by the end of the year."
About Bearing Lithium Corp.
Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is an 18% interest in the Maricunga lithium brine project in Chile. The Maricunga project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over US$30 million has been invested in the project to date and all expenditures through 2018, including the delivery of a Definitive Feasibility Study in Q4/2018, have been fully-funded by the earn-in joint-venture partner.
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