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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via New Gold Inc. Press Releases https://ift.tt/39tRPnj via New Gold Inc. Press Releases https://ift.tt/2wQEkkr via New Gold Inc. Press Releases https://ift.tt/2wognRe via New Gold Inc. Press Releases https://ift.tt/38YuKK7 February 20, 2020 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is providing an update on developments in the area of the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. A recent site visit by a representative of the Company confirmed that international corporation POSCO, NRG’s neighbor at the project area, is moving forward with the construction of a pilot facility for the production of lithium. Site pictures are available at the Company website at nrgmetalsinc.com. POSCO acquired their ground in 2019 from Galaxy Resources Ltd. for $ US 280 million. The 3,287-hectare HMN Li project is located on the Hombre Muerto Salar, the premier lithium producing salar in Argentina. The Company completed a resource calculation and Preliminary Economic Assessment (P.E.A.) on the Tramo Claim, contained within the HMN Li Project package. Two production wells are installed on site. Results from the 2019 evaluation including the P.E.A. are available at the Company website at nrgmetalsinc.com. Disclaimer: mineralization hosted on nearby and/or adjacent properties is not necessarily indicative of mineralization hosted on the Company’s property. The recent site visit was reconnaissance to determine the optimal method to extract a 5,000-liter brine sample for testing. NRG is evaluating several new extraction technologies for lithium production which may be applicable to the project, all of which will require a substantial sample of brine. 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/2V9I1LY New Gold Reports Fourth Quarter and Annual Results Provides 2020 Annual Operational Outlook2/13/2020 via New Gold Inc. Press Releases https://ift.tt/39obBB8 via New Gold Inc. Press Releases https://ift.tt/2SnphGH via New Gold Inc. Press Releases https://ift.tt/39mDwkW VANCOUVER, British Columbia, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company”) reports that it has option out 80% of its Garnet Lake / Arrow Zone and Fredart/Copperload A claims in the Red Lake Mining District to Infinite Lithium Corp. (ILI:TSX-V) (OTCQB:ARXRF) via Pistol Bay Mining Inc. https://ift.tt/2Slu0aI |
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