via New Gold Press Releases http://bit.ly/2KgEtlD
0 Comments
via New Gold Press Releases http://bit.ly/2HYdhFu NRG Metals Inc. and Lilac Solutions Strategic Alliance and Hombre Muerto North Pilot Project5/21/2019 May 21, 2019 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMD) (Frankfurt: OGPN) the Company is pleased to announce it has formed a “strategic alliance” with Lilac Solutions (Lilac) of Oakland, California. Lilac has developed and patented a new ion exchange technology, the “IX Process,” to address the challenges of conventional evaporative extraction of lithium from brines. The company’s unique ion exchange beads and continuous brine processing system together enable a simple, modern, and robust process yielding concentrated high-purity lithium solutions in hours instead of years. Lilac has reported 90% recovery of lithium from brine, which is double that of evaporative technology. This partnership will begin with pilot project work for NRG’s Hombre Muerto North (HMN) Lithium Project in Salta, Argentina. Lilac will build and test a pilot-scale lithium extraction module and complete detailed engineering for an on-site pilot plant producing lithium chloride at a rate of one tonne per month of lithium carbonate equivalents. All work will be performed under the supervision of a Qualified Person as defined under National Instrument 43-101. Upon successful completion of module testing and detailed engineering, Lilac and NRG will be positioned to quickly deploy an on-site pilot plant at the HMN Lithium Project. NRG intends to produce a battery grade lithium product from the HMN Lithium Project. The Lilac IX Process may offer NRG the potential to eliminate the slow evaporation process from the conventional production circuit. The concentrated lithium chloride solution produced by the Lilac IX Process can then be readily processed into battery grade lithium carbonate. The two companies plan to negotiate a definitive agreement for the on-site pilot plant in the immediate future. NRG President Adrian F.C. Hobkirk is quoted “We are excited to be working with Lilac, and to move the HMN Lithium Project forward using two technologies in parallel. The alliance with Lilac will enable NRG to be at the fore-front of new process development.” “NRG has defined a lithium resource on a salar historically known for production,” said Lilac CEO David Snydacker. “Adrian and his team have demonstrated an ability to rapidly develop their asset and build relationships with excellent local partners, and Lilac is excited to become involved with the project. The Lilac Technology will hopefully enable NRG to attain the highest technical and environmental performance at a pace that enables rapid return on investment.” About Lilac Solutions Lilac Solutions is a lithium extraction company based in Oakland, California. Lilac offers a full-service ion exchange technology for lithium extraction that enables rapid production with high recoveries and minimal cost, and that is adaptable to a wide variety of brine and clay resources. About NRG Metals Inc. NRG metals is developing its flagship HMN Lithium Project which 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 NRG project area. The project is surrounded by ground now owned by POSCO, a Korean based lithium producer, as a result of its US$280 million purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production. On behalf of the board of directors of NRG Metals Inc.: Adrian F. C. Hobkirk, T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation http://bit.ly/2YzlyWS Trading Symbol OTCQB Market NRGMFMay 14, 2019 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMD) (Frankfurt: OGPN) a Private Placement of up to twenty million units at a price of CDN$ 0.225 per unit for gross proceeds of up to CDN$ 4,500,000. Each unit will be comprised of one Share and one transferable common share purchase warrant. Each warrant will allow the holder to purchase one Share of the Company at a price of CDN$ 0.35 for a period of five years from closing. The Private Placement will be open to all existing shareholders of the Company and interested parties who can rely upon an exemption from the registration and prospectus requirements of applicable securities laws to participate. The Warrants are subject to an expiry acceleration provision whereby if the Company’s common shares close at or above $0.50 per share for more than 10 consecutive trading days, the holder will have 30 days from that date to exercise the Warrant. Proceeds from the Private Placement will be used as follows:
A finder’s fee of 8% cash and 8% warrants may be payable on a portion of the private placement. On April 29, 2019, NRG published results of a Preliminary Economic Assessment for the HMN Lithium Project as follows: The Preliminary Economic Assessment is preliminary in nature, there is no certainty that the Preliminary Economic Assessment will be realized. The economic analysis is based upon mineral resources that are measured and indicated, but are not mineral reserves, and have not demonstrated economic viability. The PEA was prepared by Knight Piesold Consulting (KP) and JDS Energy and Mining (JDS), both of Vancouver, in accordance with the standards set out in National Instrument 43-101 Standards of disclosure for Mineral Projects (NI 43-101), and CIM’s Best Practice Guidelines for Mineral Processing (BPGMP). Richard Goodwin, P.Eng., Project Manager for JDS Energy and Mining, Inc., is independent of NRG Metals Inc. and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. Mr. Goodwin is a mining engineer and study manager with over 30 years of experience managing mining operation and projects in various commodities such as base metals, precious metals, PGMs, and diamonds in various domestic and international locations. Mr. Goodwin is responsible for the PEA results, participated directly in the production of this press release publishing those results, and directly related information in this press release, and approves of the technical and scientific disclosure contained herein. The Company has evaluated the HMN Lithium Project for 11 months, completing the initial exploration, a resource calculation, and releasing PEA numbers within that timeframe. The next step of development is anticipated to be completed by the end of 2019. 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 owned by POSCO, a Korean based lithium producer, as a result of its US$ 280 million purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production. TRADING SYMBOL Shareholders are advised that the trading symbol for the Company on the OTCQB Market has been changed back to NRGMF. On behalf of the board of directors of NRG Metals Inc.: Adrian F. C. Hobkirk, T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 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. This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation http://bit.ly/2YskYu4 via New Gold Press Releases http://bit.ly/2ZWn5rL
Lithion Energy Corporation (TSXV-LNC) (the \'Company\' or \'Lithion\') is pleased to announce that it has completed the appointment of Mr. Warren Gilman as Chairman and Alex Granger to the position of CEO and Director, and it has closed its previously announced private placement for aggregate gross proceeds of $350,000. Mr. Gilman, a mining engineer, has more than 30 years of experience as a deal maker in the metals and mining sector. He was a founder of the Canadian Imperial Bank of Commerce (\'C
via Lithion Energy Corporation News Feed http://bit.ly/2J3cDcP... via New Gold Press Releases http://bit.ly/2DIe9wv |
Archives
May 2021
Categories |