Organic Statute of Lithium for Mexico (LitioMX)

July 4, 2023 /

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Executive Summary:

Litio MX was created on August 23, 2022 to achieve the energy transition objectives in accordance with the Energy Transition Law.
On March 17, 2023, CONAMER published the Organic Statute of Litio MX, which establishes the bases that will govern said organization, as well as its hierarchical organization, operation, and powers.
Its main objective is the exploration, exploitation, benefit and use of lithium located within the national territory, as well as the administration and control of the lithium economic value chains.

On March 17, 2023, the Organic Statute of Lithium for Mexico was published on the CONAMER portal, with the acronym “Litio MX”, which establishes the bases that will govern said organization, as well as its hierarchical organization, operation and its attributions, as well as the functions, organization and powers of its Board of Directors and General Director.

Likewise, on the same day his address was published, which is located at Avenida Insurgentes Sur, Number 890, Colonia del Valle Centro, Benito Juárez Delegation. CP 03100, Mexico City.

Legal Nature and Objective of Litio MX

Litio MX was created as a decentralized public body by the Decree published in the DOF on August 23, 2022, assigned to the Ministry of Energy with its own legal personality and assets, as well as technical, operational and management autonomy.

Its main objective is the exploration, exploitation, benefit and use of lithium located within the national territory, as well as the administration and control of the economic value chains of lithium, subject to the provisions of the Political Constitution of the United Mexican States, the Mining Law, the Federal Law of Parastatal Entities and other applicable regulations, obligating itself to comply in the same way with the legislation and international treaties regarding environmental protection and the rights of native peoples, indigenous and Afro-Mexican communities.

It is noteworthy to consider that this Agency is created to achieve the objectives regarding energy transition in accordance with the Energy Transition Law, and will be coordinated with the Undersecretariat of Planning and Energy Transition of the Ministry of Energy (“SENER”).

Lithium MX Heritage

The assets of this organization will be integrated with:

Income obtained from the exploitation, use, benefit of lithium, its value chains and any derivatives.
The resources assigned to it in the Federal Expenditure Budget for the corresponding fiscal year.
The movable and immovable property that the government provides them.
Other income, assets, rights or resources that it receives, acquires, is transferred, assigned, donated or awarded by another title.

Administration and Organizational Structure

Powers of the Board of Directors

Pursuant to the Organic Statute, the Board of Directors has various powers, including:

Define the policies, guidelines and strategic vision for the exploration, exploitation, benefit and use of lithium, as well as its value chains.
Approve the Strategic Program that will be presented annually by the General Director of Litio MX, as well as the corresponding reports.
Analyze and approve the annual lithium management report prepared by the Director.
To be aware of and authorize matters that, due to their importance or significance, must be submitted for consideration by this Council or the Director.
Appoint or remove public servants at the two lowest hierarchical levels, at the proposal of the General Directorate.
Know the Report of actions and results presented by the Director.
Appoint a Technical Secretary at the proposal of the President of the Council, as well as the Deputy Secretary.
Invite with voice, but without vote, people who have activities related to the object of Litio Mx.
Approve the Organic Statute and the Lithium Organization Manual for Mexico, as well as other internal administrative and regulatory instruments.
Approve the Regulations of the Board of Directors of Lithium for Mexico and its amendments.

The Organic Statute of Litio Mx will come into force on March 17, 2023. In addition, it is worth mentioning that the General Director will have to register this Statute in the Public Registry of Decentralized Organizations.

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