September 29 , 2020 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to announce an update on the Hombre Muerto North Lithium Project (HMN Project), Argentina. Test work is being conducted by 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 and Catamarca Provinces, Argentina.
Sino LI is developing a direct lithium extraction process which could represent an alternative to the conventional evaporation process currently used by the industry. The process under development would potentially shorten lithium recovery time and provide higher recovery of lithium. The on- site environmental footprint is projected to be significantly smaller than current industry methods which require the construction of large evaporation ponds. Work to date by an eleven member technical team has been conducted at the Chemphys’ Production & Technology Center outside Chengdu, China, which is an ISO 9000 and ISO 14001 certified facility.
To validate test work completed to date by Sino LI and Chemphys, Hains Technology Associates of Toronto, Ontario, Canada have been retained to provide a technical review and Qualified Person validation. Upon the completion of check sampling currently underway, the Company will provide further information and full technical results. Hains will be working with Carlos Galli who will provide support for any local work required in Argentina. Hains and Carlos Galli are recognized for their lithium industry expertise and have conducted studies for numerous lithium resource companies.
Sino Li and Chemphys have completed bench scale test work of the new technology, and results are now under review by Hains, expected to be released in Q4 2020. The pilot test unit has been constructed and is undergoing commissioning in China. Pilot test work will involve bulk samples of HMN brine with test work due to be completed at the end of Q4 2020. Upon completion of pilot test work in China, it is expected that the unit will be shipped to Argentina in 2021 and tested on site at the Hombre Muerto Salar, subject to covid-19 restrictions.
The HMN 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, whom 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, using conventional extraction technology. The project is located in a mining friendly province and has two pumping wells installed.
Chemphys was established in 1998 and have operated their ISO9001:2000 certified facilities since 2000.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F. C. Hobkirk
Neither the TSX Venture Exchange nor its Regulation Services Provider ( as that term is defined in policies of the TSX
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 https://ift.tt/3l3FFYJ