18:34:10 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Lithium Energi Exploration Inc
Symbol LEXI
Shares Issued 148,469,291
Close 2023-10-30 C$ 0.13
Market Cap C$ 19,301,008
Recent Sedar Documents

Lithium Energi receives approval to trade on OTCQB

2023-11-01 13:28 ET - News Release

Mr. Ali Rahman reports

LEXI UPGRADED TO OTCQB VENTURE MARKET IN THE UNITED STATES

Lithium Energi Exploration Inc. has received approval for trading on the OTCQB Venture Market in the United States, effective Oct. 31, 2023.

Within a short period, Lithium Energi has demonstrated significant operational aptitude, particularly in the rollout of its lithium exploration and drilling programs. This progress has garnered attention and interest from various stakeholders, affirming the company's position as a key player in the lithium sector.

The upgrade to the OTCQB Venture Market will enable Lithium Energi to tap into the U.S. capital markets more efficiently. This transition is aligned with the company's strategic objectives and will provide an avenue for increased liquidity and trading transparency, thereby attracting a diversified range of U.S. investors.

"Given the innovative approaches we've employed in our lithium extraction technologies and the strategic importance of our assets, we've garnered significant investor interest in Canada," said Ali Rahman, chief executive officer of Lithium Energi Exploration. "Our transition to the OTCQB Venture Market is a calculated move to offer enhanced accessibility and liquidity to private and institutional investors in the United States."

Lithium is an essential element in the transition to renewable energy, particularly in energy storage and the production of electric vehicles. From 2018 through May, 2023, approximately $10.9-billion were invested in lithium assets in Argentina, making it one of the fastest-growing markets in the Lithium Triangle, a region that contains approximately 56 per cent of global lithium resources. As the demand for these batteries continues to skyrocket, Lithium Energi is strategically positioned to capitalize on this expanding market.

About Lithium Energi Exploration Inc.

Lithium Energi Exploration is an exploration company focused on the acquisition, exploration and development of lithium brine assets in Argentina. Headquartered in Toronto, Ont., with offices in Catamarca, Argentina, the company's shares are listed on the TSX Venture Exchange, the Frankfurt Stock Exchange and the U.S. over-the-counter market. Lithium Energi's portfolio of prospective lithium brine concessions in the Argentina province of Catamarca (heart of the lithium triangle) includes approximately 57,000 hectares and a 20-per-cent interest in Triangle Lithium Argentina SA, which owns an additional 15,000 hectares -- all located in and around the Antofalla salar, one of the largest basins in the region, which is over 130 kilometres long and up to 20 km across. Lithium Energi is committed to innovation, sustainability and quality, striving to differentiate itself from other players in the industry to maximize its potential for success.

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