Sept 25, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN). The Company is pleased to announce that it has completed the third installment of its purchase option for the Hombre Muerto North Lithium Project (HMN Project), located in Salta Province, Argentina. A payment of $US 250,000 and one million common shares have been made to the vendor as per the contract terms. The vendor has also become an insider of the Company as defined by Canadian securities regulations. The Company has now completed an extensive evaluation of the HMN Project and intends to announce a maiden resource estimate in the immediate future through the release of an independent NI43-101 technical report. The HMN Project is strategically located in the Hombre Muerto Salar, an area of 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 conglomerate, as a result of their $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. Salar Escondido UpdateThe Company has completed a technical review of exploration results to date at the Salar Escondido Project, located in Catamarca Province, Argentina. Two holes have been attempted at this large project area, and drilling has proven to be very challenging. The presence of lithium in highly permeable host rocks was confirmed in both holes, but there was considerable variation in lithium grades and Mg/Li ratios. No representative sample to target depth has been obtained to date, and only a small portion of the project area has been drill tested. The project is comprised of five underlying agreements. One has been terminated, relinquishing approximately 3,000 hectares of the 29,000-hectare total. As a completion of an option commitment on part of the Luz Maria claim group, the Company is issuing 420,000 shares to the underlying owner. Management are in discussions regarding the project and anticipate further developments in the near future. Consulting AgreementsThe Company has entered into two consulting agreements with Market IQ Media Group Incorporated (Market IQ) and VibraSlim Sales Inc. (Vibraslim). Each of the consultants were retained to provide digital marketing primarily using Google ads, digital media, corporate advisory, branding and strategic business services to the Company over a four-month period for consideration of $400,000 to Market IQ and $100,000 to VibraSlim. The Company prepaid the total amount of $500,000 to these two entities using cash on hand. Market IQ is located in Vancouver B.C. and owned by Brady Middleditch. VibraSlim is located in Vancouver B.C. and owned by Chris Jackson. Subsequent to the entry into the consulting agreements, MarketIQ and VibraSlim subscribed for 2,000,000 units of the Company in the above-mentioned private placement for total subscription amount of $500,000. The Company has received full payment for the private placement units from these two entities by cheque. 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2Q2fRMR
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Maiden Resource Estimated Expected ShortlySeptember 21, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN). The Company is pleased to announce the completion of a second pumping well at the Hombre Muerto North Lithium Project, Salta, Argentina. The well, designated TWW18-02, was drilled to the target depth of 400 meters, and it is located immediately adjacent to core hole TH18-02, which was described in the company’s press releases dated July 10, 2018 and August 23, 2018. Pumping tests will commence shortly. Pumping well TWW18-02 was drilled adjacent to core hole TH18-02 on the western side of the Tramo concession. The core hole was drilled to a depth of 281 meters, and the arithmetic average of single packer, double packer and one bailer sample from surface to a depth of 230.5 meters was 638 mg/L with a low Mg to Li ratio of 2.65 to one. Host rocks were mainly poorly-consolidated sandstone from surface to 77 m, followed by compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m and then intercalated halite and sandstone to the bottom of the hole. The results from the pumping well were consistent with the core hole. As we reported in our press release dated June 28, 2018, the arithmetic average of all samples (single packer) for TH18-01 from the surface to a depth of 401 meters was 900 mg/L with a low magnesium to lithium ratio of 3.0 to one. Host rocks were almost entirely poorly consolidated sandstone and conglomerate. Pumping well TWW18-01 was drilled adjacent to core hole TH18-01, and the results from the pumping well were consistent with the core hole. Initial pumping tests from TWW18-01 indicated an average pumping rate of 25 liters per second of brine, but the capacity of the pump was limited, and we expect that this rate will be exceeded with a larger pump. TH18-01 and TWW18-01 are located on the eastern side the Tramo concession approximately 2.1 kilometers from hole TH18-02 and TWW18-02. Two bulk samples of brine have been collected from pumping well TH18-01 for technical evaluation. A 200-liter sample has been shipped to the Company’s strategic partner Chengdu Chemphys Chemical Industry Co., Ltd, (Chemphys), located in Chengdu, China. Chemphys, along with Sunresin New Materials Co. Ltd., Xi’an, located in Shaanxi, China, are evaluating the brine for new recovery applications. A large bulk sample has also been collected via tanker truck by Alex Stewart Laboratories, located in Jujuy, Argentina, to evaluate and optimize magnesium removal. NRG’s technical advisor, Montgomery and Associates of Santiago, Chile, is preparing a maiden resource estimate compliant to National Instrument 43-101, as part of a technical report for the Hombre Muerto North project, which will be completed and announced shortly. On behalf of the board of directors of NRG Metals Inc.: T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 Technical DisclosureThe preparation of this press release was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person under NI 43-101. Mr. Feyerabend approves of the technical and scientific disclosure contained in this press 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. 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2MTP8Ap via New Gold Press Releases https://ift.tt/2po75O5 via New Gold Press Releases https://ift.tt/2NOPQDk NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES September 14, 2018 / Vancouver, British Columbia / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “Private Placement”) raising gross proceeds of $500,000 by the issuance of 2,000,000 units (the “Units”) at a price of $0.25 per Unit. Each Unit consists of one common share and one transferable common share purchase warrant exercisable for a period of two years from the date of closing at an exercise price of CAD$0.40 per share. The Private Placement proceeds will be used for general working capital. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. The Company currently has approximately 133 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. 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. 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/2xdgg8m NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia / September 11, 2018 – NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it proposes to raise up to CAD$1,500,000 through a non-brokered private placement of up to 6,000,000 units at a price of CAD$0.25 per unit. Each unit will consist of one common share and one transferable common share purchase warrant of the Company, with each warrant exercisable for a period of 2 years from the date of closing at a price of CAD$0.40 per share. Finder’s fees may be payable in accordance with the policies of the Exchange. All securities issued in connection with the private placement are subject to a 4-month hold period in Canada. The private placement proceeds will be for general working capital. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. The Company currently has approximately 133 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. 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. 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/2QqsTVF via New Gold Press Releases https://ift.tt/2x57I36 VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - 0QSA, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) would like to take this opportunity to clarify its news release issued September 5, 2018. via Pistol Bay Mining Inc. https://ift.tt/DdaKZH VANCOUVER, British Columbia, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide an update on its plans to seek opportunities outside of the resource sector and, in particular, the cannabis industry. via Pistol Bay Mining Inc. https://ift.tt/2wMrLU6 |
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