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via New Gold Inc. Press Releases https://ift.tt/2xAVeUn via New Gold Inc. Press Releases https://ift.tt/2V9jbuX April 14, 2020 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), the Company is pleased to announce it has entered into a cooperation agreement with Sino Lithium Materials Pty Ltd (Sino Lithium) and Chengdu Chemphys Chemical Industry Co. (Chemphys)(collectively Sino Li) for the advancement and development to potential lithium production, of the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. Sino Li has developed a proprietary lithium extraction process which could represent an alternative to the conventional evaporation process currently used in the industry. The process has the potential to significantly increase lithium recovery and reduce the production lead time compared the conventional processes. A summary of the agreement terms are as follows:
NRG will remain the operator of the project. The parties shall work collectively under the Project Advisory Board using best business practices to insure the timely development of the project. Subject to the earn in above, at funding, NRG and Sino LI shall be subject to straight line dilution. NRG and Sino Li intend to complete a formal Definitive Agreement prior to the initiation of Stage 3. Stage 1 test work has begun at the Chemphys laboratory in Chengdu, China. Chemphys has over 20 years of lithium experience specializing in high purity (99.99+%) lithium carbonate and battery grade lithium hydroxide for the manufacturing of cathode materials and LiPF6 (key raw material for electrolyte) of lithium ion batteries. Their products are recognized by major lithium ion battery materials manufacturers and is an integral part of the electric vehicle supply chain. On behalf of the board of directors of NRG Metals Inc.: Adrian F. C. Hobkirk Investors / Shareholders Call 855-415-8100 / ahobkirk@nrgmetalsinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/3b9g8sd April 7, 2020 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), the Company is pleased to announce it has fulfilled the 2020 property obligations under the purchase option for the Hombre Muerto North Lithium Project, located in Salta Province, Argentina. The Company has paid $ U.S. 1 million and issued 2,250,000 common shares to the underlying owner as per the terms of the option agreement. The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC at the Fenix lithium mine, some 12 kilometers south of the project area. The project is surrounded by ground now under development by POSCO, a Korean based lithium producer. The Company has completed significant exploration at the project including a resource calculation announced December 14th, 2018, and the completion of a Preliminary Economic Assessment published August 12th, 2019. Two pumping wells are installed at the project on the Tramo Claim. On behalf of the board of directors of NRG Metals Inc.: Adrian F. C. Hobkirk Investors / Shareholders Call 855-415-8100 / ahobkirk@nrgmetalsinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/34kkKJN via New Gold Inc. Press Releases https://ift.tt/2R8og4B April 2, 2020 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), announces that, subject to the approval of the TSX Venture Exchange, it has closed the first tranche of its non-brokered private placement (the “Private Placement”) issuing 8,070,238 units (the “Units”), at a price of $0.21 per Unit for gross proceeds of up to $1,694,750. Each Unit is comprised of one common share (the “Shares”) and one transferable common share purchase warrant (the “Warrants”). Each Warrant allows the holder to purchase one Share of the Company at a price of $0.35 per Share for a period of five years from the date of closing of the Private Placement. All securities issued will be subject to a four month hold period. No finder’s fees were paid in connection with the Private Placement. The Company also announces that it will be proceeding with a second tranche of the Private Placement and has obtained a 30-day closing extension from the TSX Venture Exchange. Proceeds of the Private Placement will be used to advance the HMN Lithium Project, located in Salta Province, Argentina. The project is located on the Hombre Muerto Salar, the premier lithium producing salar in Argentina. The property is adjacent to land under development by Korean multinational corporation POSCO, who acquired their ground from Galaxy Resources Ltd. for $ US 280 million. The Company completed a Preliminary Economic Assessment of the HMN Li Project in 2019, and the property has two pumping wells installed. The next phase of development will include moving the project to a pre-feasibility. In addition, NRG is evaluating several new extraction technologies for lithium production which may be applicable to the project. Further news is expected shortly. On behalf of the board of directors of NRG Metals Inc.: Adrian F. C. Hobkirk Investors / Shareholders Call 855-415-8100 / ahobkirk@nrgmetalsinc.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2UCyKva |
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