A Vancouver-based lithium company provided a significant update on the advanced progress of the Maricunga Lithium Project in Chile. The Maricunga project, the highest-grade, undeveloped lithium project in Chile, is managed by Minera Salar Blanco (MSB) which is owned by Lithium Power International Limited (LPI) (51%), Borda Group (31%) and Bearing Lithium (BRZ) (18%).
Bearing Lithium Corp. (OTCQB:BLILF) operates as an exploration and development company in North America. The company is focused on identifying, advancing, and de-risking lithium projects. Its projects include Maricunga Lithium, Fish Lake Valley and others.
Traders seemed to think the update of the phased plan to fasttrack the development of the promising project was very bullish, as shares traded up to a late high of $0.1432/share (+5.59%) following the news. This move is a strong continuation of the success the stock has had in recent months.