UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________

FORM 8-K

_____________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~May~~July 3113, 2017

Li3 Energy, Inc.

(Exact name of registrant as specified in its charter)

Nevada

000-54303

20-3061907

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

Matias Cousiño 82, Of 806

Santiago de Chile, 8320269

Chile

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: +56 (2) 2896-9100

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 17.01. ~~Entry~~Other ~~into a Material Definitive Agreement~~Events

On ~~May~~July 13, 312017, Bearing Lithium Corp. issued a press release announcing an updated Joint Ore Reserves Committee (“JORC”) resource estimate from the ongoing development work at the Maricunga lithium brine project located in Chile. The JORC report, dated July 12, 2017, was commissioned by Minera Salar Blanco S.A., a joint venture among Li3 Energy, Inc., Minera Salar Blanco SpA, (~~the~~“MSB”) and Lithium Power International Limited (“~~Company~~LPI”). Bearing has entered into ana ~~Agreement~~definitive ofagreement ~~Termination~~to ofacquire ~~Compensation~~Li3 ~~(collectively,~~and ~~the~~its ~~“Agreements~~interest ofin ~~Termination~~the ofMaricunga ~~Compensation”)~~Project. ~~with~~Li3 ~~each~~currently ofholds ~~Luis~~a ~~Saenz,~~17.7% interest in the ~~Company’s~~Maricunga ~~President~~Project, with MSB and ~~Chief~~LPI ~~Executive~~holding ~~Officer,~~a 32.3% and ~~Luis~~50% ~~Santillana~~interest, respectively, pursuant to a joint venture arrangement. Under the ~~Company’s~~terms ~~Chief~~of ~~Financial~~the ~~Officer,~~joint ~~Secretary~~venture LPI has agreed to fund exploration and ~~Treasurer~~development ~~(each~~costs ~~“Executive”,~~with both Li3 and ~~collectively,~~MSB having a free carry until the ~~“Executives”).~~completion of a definitive feasibility study.

The ~~Agreements~~information ofin ~~Termination~~this ofCurrent ~~Compensation~~Report ~~amend~~on ~~the~~Form 8-K ~~terms~~under ofItem ~~the~~7.01, ~~original~~including ~~Employment~~the ~~Services~~accompanying ~~Agreement~~press ~~(as~~release, ~~amended)~~shall ofnot ~~each~~be ~~Executive.~~deemed ~~Among~~“filed” ~~other~~for ~~things,~~purposes ~~the Agreements~~ of ~~Termination~~Section 18 of ~~Compensation (i) provide that for~~ the ~~period~~Securities ~~from~~Exchange ~~May~~Act 31of 1934, ~~2017~~as ~~to November 30~~amended, ~~2017,~~nor ~~each of the Executives~~ shall ~~not~~it be ~~due~~deemed ~~and~~incorporated ~~shall~~by ~~not~~reference ~~receive~~in any ~~compensation~~filing ~~from~~under the ~~Company~~Securities ~~for~~Act ~~services~~of ~~provided~~1933, ~~and~~as ~~(ii)~~amended, ~~suspend~~except ~~certain~~as ~~provisions~~shall ~~under~~be ~~the~~expressly ~~original~~set ~~Employment~~forth ~~Services~~by ~~Agreement~~reference ofto ~~each~~such ~~Executive that provide for salary and bonus compensation~~filing.

~~The~~Item ~~foregoing~~9.01 ~~description~~Financial ofStatements ~~the Amendments is qualified in its entirety by reference to the full text of the Agreements of Termination of Compensation, filed hereto as Exhibits 10.1~~ and ~~10.2.~~Exhibits

~~Item~~99.1 9Press Release of Bearing Lithium Corp.01 ~~Financial~~dated ~~Statements~~July ~~and~~13, ~~Exhibits~~2017

~~(d) Exhibits~~2

Exhibit No.		Description
10.1		Agreement of Termination of Compensation between the Company and Luis Saenz, dated May 31, 2017.
10.2		Agreement of Termination of Compensation between the Company and Luis Santillana, dated May 31, 2017.

SIGNATURES

2Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SIGNATURES

	LI3 ENERGY, INC.

Dated: July 24, 2017	By:	/s/ Luis Saenz
	Name:	Luis Saenz
	Title:	Chief Executive Officer

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~3

	LI3 ENERGY, INC.
Dated: June 2, 2017	By:	/s/ Luis Saenz
	Name:	Luis Saenz
	Title:	Chief Executive Officer

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