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Nevada Energy Announces Closing of Disposition of the Black Rock Desert Lithium Project in Nevada $BFF.ca

Posted by AGORACOM-JC at 12:31 PM on Friday, January 6th, 2017

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  • Pursuant to an Option Agreement dated November 10, 2016 (the “Agreement”) between the Company and LiCo Energy Metals Inc. (“LiCo”), whereby LiCo can earn an undivided 70% interest, subject to a 3% net smelter return royalty (“NSR”), in 199 placer claims located in southwest Black Rock Desert, Nevada

January 6, 2017 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF) (Frankfurt: A2AFBV) announces that further to its news releases dated November 11, 2016 and December 15, 2016 and further to the conditional acceptance from the TSX Venture Exchange (the “Exchange”) dated January 5, 2017 pursuant to an Option Agreement dated November 10, 2016 (the “Agreement”) between the Company and LiCo Energy Metals Inc. (“LiCo”), whereby LiCo can earn an undivided 70% interest, subject to a 3% net smelter return royalty (“NSR”), in 199 placer claims located in southwest Black Rock Desert, Nevada, the transaction has now closed, subject to final acceptance of from the Exchange.

As consideration for the transaction the Company will receive from LiCo :

  • -US$170,000 cash;-4,500,000 shares over two years; and-US $1,250,000 in exploration commitment within three years.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 199 claims (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this news release.

Disclaimer for Forward-Looking Information:

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions such as Exchange approval of the Option Agreement and the Financing and the Company’s ability to exercise the Option or close the Financing, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.

Tesla to begin lithium-ion battery production at US megafactory – bodes well for $DGO.ca $BFF.ca $PFN.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, January 5th, 2017
Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.
Image: Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.

Elon Musk’s Tesla Motors says it has started producing lithium-ion battery cells at its $5 billion factory in Nevada.

The company says it began making high-performance cells in December and production started overnight for cells used in Powerwall energy-storage products.

Tesla plans to start making batteries for its Model 3 sedans later this year.

The massive Gigafactory outside Sparks is coming online in phases, with a goal of full operation in 2018.

Officials say it could almost double the world’s production of lithium-ion batteries, making them more affordable as the company looks beyond the luxury niche market.

The electric carmaker says it has more than 850 full-time employees, plus more than 1700 construction workers.

Nevada has promised Tesla $1.3 billion in state tax incentives based on projections that it’ll employ 6500 people at full production.

Source: https://thewest.com.au/business/startup/tesla-begins-lithium-ion-battery-production-at-us-megafactory-ng-b88347284z

Will $PFN.ca $DGO.ca $BFF.ca SX.ca supply the lithium needed to run the future’s electric cars?

Posted by AGORACOM-JC at 4:46 PM on Friday, December 30th, 2016

A Tesla electric car at a charging station.

A Tesla electric car at a charging station.
  • onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.
  • The automotive industry’s focus on electrification has accelerated in 2016.

Volkswagen Chairman Herbert Deiss told CNBC at the Paris Motor Show in November that “electric mobility will take off by 2020,” while Tesla CEO Elon Musk announced in May his aim for annual production to be at 1 million vehicles by this same year.

The onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.

“Lithium is a pretty abundant element naturally,” Jamie Speirs, a fellow in energy analysis and policy at Imperial College London, told CNBC via telephone. But, though worldwide production of the metal is increasing year on year, he detailed that “the current supply chain will not match up with lithium demand by, say, 2040.”

Unsurprisingly, as automakers gear up to sell more electric vehicles, prices for lithium have also risen.

“Owing to increased worldwide demand, spot lithium carbonate prices (in 2015) increased approximately 10% to 15% from those of 2014,” wrote the United States Geological Survey (USGS) in January of this year. So, which countries are crucial to lithium’s production – and who has the potential to control this market in the future? CNBC investigates.

The Chang Tang plateau in Tibet, China, is known for its lithium resources.

BSIP | UIG | Getty Images
The Chang Tang plateau in Tibet, China, is known for its lithium resources.

China

Analysts CNBC spoke to concurred that China was ahead of the game in terms of its lithium production.

China’s lithium reserves are an estimated 3.2 million metric tons, according to the USGS in January 2016, meaning that the superpower ranks among those with the largest domestic supply. Most resources are located in its Qinghai and Tibet regions.

Perhaps in response to how much the market has grown – and where it may progress to in coming years – the price of Chinese battery grade lithium is currently well over $20,000/tonne, compared to $7,000/tonne in mid-2015, according to mining analysis firm CRU.

“China has a stranglehold on lithium production,” Speirs said. “Well organised and professionally run mining companies” make this enterprise profitable, he added.

This is bolstered by the convenient fact that China is the world’s largest electric vehicle market. According to the China Association of Automobile Manufacturers, sales of battery electric vehicles reached 258,000 units in the first ten months of 2016, increasing 102.5 percent year on year. In addition, the Chinese government has unveiled several incentives in recent years aimed at addressing the country’s environmental problems.

“In the future, we expect supply from China to increase significantly to meet the domestic demand,” CRU told CNBC via e-mail.

Lithium: powering your electric car?  

Latin America’s ‘lithium belt’

Argentina, Bolivia and Chile form a troika of lithium producers in Latin America, otherwise known as the “lithium belt” or “lithium triangle.” Could these countries spearhead a second commodity boom in the region?

“Latin American countries once produced lithium from ore, as with other metals, but can now do so from brine, which is cheaper,” Speirs explained. Contributing to the metal’s profitability, CRU added that for Latin America, “industrial-grade lithium carbonate contract prices increased by around 40% in 2016 due to strong demand growth and the ongoing supply deficit. Battery-grade lithium carbonate and lithium hydroxide prices surged higher.”

But, structural problems could hamper this particular market from taking off.

The Salar de Atacama salt flats in Chile.

DEA | V. Giannella | De Agostini | Getty Images
The Salar de Atacama salt flats in Chile.

Chile, with its dry climate and lithium-rich Salar de Atacama salt flats, is an ideal production environment. The country is also popular with investors due to its free market economy. In addition, Reuters reported in November that Chilean firm SQM, one of the world’s largest lithium producers, saw 2016 third quarter profits more than quadruple due to rising lithium prices.

But, CRU told CNBC via e-mail that, “the [Chilean] industry is facing serious issues such as [the] imposition of production quota, on-going labour disputes [and] water shortage.”

Bolivia, though boasting 9 million metric tons in lithium resources, has suffered from a lack of exploration, infrastructure and technology, according to CRU. But, the Bolivian government is looking to establish a more foreign investment-friendly environment to encourage the growth of its lithium mining industry.

Unwinding Argentina’s formerly protectionist economy has been a key goal of President Mauricio Macri, which could foreground the country’s role in the lithium supply market. “Abolition of export duty on value-added products and capital controls have encouraged lithium players to consider Argentina for investment destination,” CRU told CNBC via e-mail.

The future benefits of lithium-ion batteries

The future benefits of lithium-ion batteries  

Australia

According to the USGC in January of this year, Australia’s estimated reserves sit at 1.5 million metric tons. By way of contextualizing this figure, CRU said that “in 2015, Australia was the largest producer of lithium and accounted for around 40% of global lithium supply.”

It added that lithium production capacity will increase, meaning that the country is expected to maintain its position as one of the largest lithium producers in the long term.

Location is key for Australia, as CRU explained that the country enjoys investment from “downstream players such as battery manufacturers in Asian countries.” Considering that lithium is not currently traded on any major commodities or futures exchanges, shoring up future supply is crucial.

Follow CNBC International on Twitter and Facebook.

Source: http://www.cnbc.com/2016/12/30/the-new-opec-who-will-supply-the-lithium-needed-to-run-the-futures-electric-cars.html

Soil Survey Results Prompts Claim Block Expansion at Black Rock Desert, Nevada $BFF.ca

Posted by AGORACOM-JC at 9:19 AM on Thursday, December 15th, 2016

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  • Program continued to show strongly anomalous results with 88 samples collected; 73 of them (83%) containing more than 100 ppm Li
  • Together the combined grids contain 258 samples of which 239 samples (93%) had values of greater than 100 ppm Li. Maximum values ranged up to 520 ppm Li

December 15, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) and LiCo Energy Metals Inc. TSX-V: LIC (OTCQB: WCTXF) are pleased to announce that following positive results from an expanded soil sampling program, 71 new placer claims have been added to the Company’s Black Rock Desert Project, Nevada.

Results from the program continued to show strongly anomalous results with 88 samples collected; 73 of them (83%) containing more than 100 ppm Li. Together the combined grids contain 258 samples of which 239 samples (93%) had values of greater than 100 ppm Li. Maximum values ranged up to 520 ppm Li.

These results show that dissolved lithium has been transported into this portion of the Black Rock Desert and is available for potential concentration by evaporative brines. The exploration model for the Black Rock Project is a Clayton Valley evaporative brine deposit as described in USGS Open File Report 2013-1006.

Geochemical sample points were arranged to expand on the original 170-sample grid. Samples were collected on 200 meter intervals along lines spaced 350 meters apart. Samples were collected by a contract crew and transported to the ALS sample preparation lab in Elko, Nevada. Samples were screened to -80 mesh at the ALS prep lab in Reno, Nevada and analyzed by Aqua Regia leach mass spectrometry at the ALS laboratory in North Vancouver, B.C. Canada. QA/QC standards were inserted into the sample stream with one in twenty samples being a standard. All 6 standards in this batch were within 3% of their accepted value of 750 ppm.

About the Blackrock Desert Lithium Project:

The Black Rock Desert Lithium Project now consists of 199 placer claims, (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The nearest population center is the town of Gerlach, which lies 177 kilometers north of Reno.

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys, indicating a maximum thickness of valley-fill deposits of about 1,200 m/3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface.

Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous lithium values (up to 3.5 ppm) that flank the property on the west side (U.S. GEOLOGICAL SURVEY Open-File Report 81-918). While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

The company plans to carry out additional exploration programs this fall to determine the potential for an economic lithium brine deposit. Future exploration will consist of shallow auger sampling followed by a high resolution geophysical program to define potential drill targets.

Nevada Energy Metals has entered into an agreement where LiCo Energy Metals is able to acquire a 70% interest subject to a 3% NSR royalty in the Black Rock Desert Property. Nevada Energy Metals holds a 100% interest in the property, free of royalty payments.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metalshttp://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 199 claims (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Posted by AGORACOM-JC at 9:27 AM on Monday, November 14th, 2016

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  • Entered into an Option Agreement with LiCo Energy Metals Inc.
  • LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project

VANCOUVER, British Columbia, November 14, 2016 —

Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.

COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”

The geologic setting combined with the presence of lithium in both active geothermal fluids and surface salts within the Black Rock Desert property match characteristics of lithium brine deposits at Clayton Valley, Nevada and in South America. Geothermal fluids adjoining the claims are known to contain anomalous lithium values and a recently completed surface silt sampling program confirmed values containing up to 520 ppm lithium. Although geological work has been undertaken for geothermal energy production in the area, the lithium in brine potential of the playa has not been specifically studied. Initially, the lithium target in this basin was highly conceptual, however, recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine deposit.

Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:

  • making a payment of US$20,000 immediately upon execution of this Agreement;
  • making a payment of US$150,000 upon receipt of the Exchange Approval;
  • completing the issuance to the Optionor of 4,500,000 fully-paid and non-assessable common shares in the capital of the Optionee as follows: 1,500,000 Consideration Shares upon receipt of the Exchange Approval; 1,500,000 Consideration Shares on or before the one (1) year anniversary of the Agreement Date; and 1,500,000 Consideration Shares on or before the two (2) year anniversary of the Agreement Date; and
  • incurring an aggregate of $1,250,000 in Exploration Expenditures on the Property on or before the three (3) year anniversary of the Agreement Date.

About the Black Rock Desert Property:

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The Property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (5mg/l) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

On a separate note, Nevada Energy Metals Corp. recently notified Dajin that it does not wish to pursue the earn-in agreement entered in December, 2015, for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin’s 100-per-cent-owned Alkali Lake property. The Company did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.

The Company also announces that it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 6,000,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.10 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the Exchange policies and will be subject to a hold period of four months and a day.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 128 claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

Contact:
1220-789 West Pender St
Vancouver, BC, V6C 1H2
+1-604-428-5690
http://www.nevadaenergymetals.com
info@nevadaem.com

Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Posted by AGORACOM-JC at 9:40 AM on Friday, November 11th, 2016

Bff_hub-2_copy

  • Completed a third joint venture option agreement
  • Entered into an Option Agreement with LiCo Energy Metals Inc.
  • property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada

November 11, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.

COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”

The geologic setting combined with the presence of lithium in both active geothermal fluids and surface salts within the Black Rock Desert property match characteristics of lithium brine deposits at Clayton Valley, Nevada and in South America. Geothermal fluids adjoining the claims are known to contain anomalous lithium values and a recently completed surface silt sampling program confirmed values containing up to 520 ppm lithium. Although geological work has been undertaken for geothermal energy production in the area, the lithium in brine potential of the playa has not been specifically studied. Initially, the lithium target in this basin was highly conceptual, however, recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine deposit.

Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:

  • -making a payment of US$20,000 immediately upon execution of this Agreement;-making a payment of US$150,000 upon receipt of the Exchange Approval;-completing the issuance to the Optionor of 4,500,000 fully-paid and non-assessable common shares in the capital of the Optionee as follows: 1,500,000 Consideration Shares upon receipt of the Exchange Approval; 1,500,000 Consideration Shares on or before the one (1) year anniversary of the Agreement Date; and 1,500,000 Consideration Shares on or before the two (2) year anniversary of the Agreement Date; and-incurring an aggregate of $1,250,000 in Exploration Expenditures on the Property on or before the three (3) year anniversary of the Agreement Date.

About the Black Rock Desert Property:

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The Property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (5mg/l) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

On a separate note, Nevada Energy Metals Corp. recently notified Dajin that it does not wish to pursue the earn-in agreement entered in December, 2015, for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin’s 100-per-cent-owned Alkali Lake property. The Company did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.

The Company also announces that it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 6,000,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.10 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the Exchange policies and will be subject to a hold period of four months and a day.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 128 claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

The World of EV’s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 2:45 PM on Wednesday, November 9th, 2016

  • The World of EV’s Need Massive Supply of High Grade Lithium
  • Experts say that the amount of lithium being produced in North America will not be enough to meet the growing demand for EVs (electrical vehicles) but that some of problem might/might not be alleviated via recycling,

According to a report from the US EPA: “lithium-ion batteries “safe” for disposal in contrast to nickel-cadmium and lead-based battery products.”

Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.

Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.

Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.

The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.

Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.

Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.

There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.

Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.

About 70% of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.

Japan and South Korea (LG is the world’s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,

Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.

Have a terrific week

Source: http://www.livetradingnews.com/world-evs-need-massive-supply-high-grade-lithium-16753.html#.WCN4zcn5GNo

Nevada Energy Metals Reports Significant Lithium Results from Nevada Project $BFF.ca

Posted by AGORACOM-JC at 9:11 AM on Thursday, October 27th, 2016

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  • Announced that highly encouraging results have been received from a sampling program designed to test for lithium values in surface soils and/or playa evaporates at the 100% owned San Emidio Desert Project
  • 172 samples were collected with Lithium values ranging from 30.3 to a high of 600 ppm (30 mg/L to 600mg/L) with a median value of 215 ppm (215mg/L). Thirty-two samples were above 300 ppm (300mg/L) and 13 were over 400 ppm (400/mg/L)

October 27, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that highly encouraging results have been received from a sampling program designed to test for lithium values in surface soils and/or playa evaporates at the 100% owned San Emidio Desert Project.

A total of 172 samples were collected with Lithium values ranging from 30.3 to a high of 600 ppm (30 mg/L to 600mg/L) with a median value of 215 ppm (215mg/L). Thirty-two samples were above 300 ppm (300mg/L) and 13 were over 400 ppm (400/mg/L).

Geochemical sample points were arranged on a grid pattern of seventeen east-west lines spaced 400 meters apart north-south, with stations every 200 meters along the lines. Samples were collected by a contract crew and transported to the ALS sample preparation lab in Elko, Nevada. Samples were screened to -80 mesh at the ALS prep lab in Reno, Nevada and analyzed by Aqua Regia leach mass spectrometry at the ALS laboratory in North Vancouver, B.C. Canada. QA/QC standards were inserted into the sample stream with one in twenty samples being a standard. All standards were within 3% of their accepted values.

About the San Emidio Desert (SED) Lithium Project:

The San Emidio Desert Project consists of 143 placer claims in total, covering about 1156 hectares (4.5 square miles) of playa and alluvial fan in the San Emidio Desert, Nevada, about 98 air-line km north-northeast of Reno, Nevada. The property is adjacent to the 9 MW Empire geothermal power generation facility of U.S. Geothermal Inc. power and a vegetable dehydration plant exploiting the active geothermal system. Gravity survey results indicate the depth of valley fill to be approximately 1,800 meters and that there is subsurface closure of the valley a short distance to the north of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth’s crust.

The San Emidio Desert results are comparable to those obtained at Clayton Valley, Nevada (300 – 1,100 ppm Li). Additional work is required to determine what relationship, if any, exists between Lithium values in brine concentrates and Lithium values found in surface soils and/or playa evaporates.

Importantly, these results show that dissolved lithium has been transported into this portion of the San Emidio Desert and is available for potential concentration by evaporative brines. The exploration model for the San Emidio Desert Project is a Clayton Valley evaporative brine deposit as described in USGS Open File Report 2013-1006.


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Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded, Canadian based, exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometres/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

Nevada Energy Metals Appoints Alan Morris as Geology Advisor $BFF.ca

Posted by AGORACOM-JC at 9:06 AM on Wednesday, October 26th, 2016

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  • Alan Morris, Qualified Person for the Company’s lithium projects in Nevada has been appointed to the Advisory Board of Nevada Energy Metals. He will serve as the company’s Geology Advisor
  • Owner of Ruby Mountain GIS, founded in 2003 and specializing in property and project evaluations and acquisitions
  • Over 37 years of experience in the minerals industry

October 26, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that Alan Morris, the Qualified Person for the Company’s lithium projects in Nevada has been appointed to the Advisory Board of Nevada Energy Metals. He will serve as the company’s Geology Advisor.

Mr. Morris is owner of Ruby Mountain GIS, founded in 2003 and specializing in property and project evaluations and acquisitions. He has over 37 years of experience in the minerals industry, exploring for precious and base metals, uranium, lithium and other minerals in a variety of geologic environments, with an emphasis in the western U.S., particularly Nevada, Alaska, and Yukon, Canada. His experience with lithium brine deposits in western Nevada dates from 2010. He has held exploration geologist positions at various companies during his career, including Gulf Mineral Resources Corp., Fischer Watt Mining Company, Barrick Gold Exploration, Placer Dome Corp., Agnico-Eagle Mines Ltd., U.S. Gold Corp. (McEwen Mining), and Kinross Gold Corp. Mr. Morris has supervised numerous generative and drilling projects including planning, budgeting, permitting, contract administration, reclamation, and reporting. Mr. Morris is a Certified Professional Geologist with the American Institute of Professional Geologists (AIPG), a Licensed Geologist in the state of Utah, USA, and a Registered Professional Geologist in the State of Alaska, USA. Mr. Morris is a fellow with the Society of Economic Geologists, a member and past officer of the Geological Society of Nevada, and a member of the Nevada Mineral Exploration Coalition.

CEO Rick Wilson states “Having worked with Alan Morris on our lithium projects, I am confident that his expertise, especially in the area of Nevada and in the field of lithium exploration, will be a great asset to Nevada Energy Metals as the company continues its aggressive project generator model.”

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded, Canadian based, exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; On July 15, 2016 Nevada Energy Metals has agreed to an Option Agreement where LiCo Energy Metals (TSX-V:LIC) can acquire a 100% interest, subject to a 3% Net Smelter Royalty, in 348 of 911 mineral claims located in Dixie Valley, Churchill County, Nevada. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Nevada Energy capitalizing on what Goldman Sachs calls the new gasoline in the electric vehicle revolution – lithium $BFF.ca

Posted by AGORACOM-JC at 9:32 AM on Tuesday, October 18th, 2016
Closeup of an electric car plug while recharging. High quality 3D rendering.Similar images:
  • Works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory
  • Lithium has become a permanent topographic feature of the Nevada economic landscape
  • By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013

Nevada Energy Metals Inc. (TSXV: BFF | OTCQB: SSMLF | Frankfurt: A2AFBV) is capitalizing on lithium, what Goldman Sachs calls the new gasoline as an enabling commodity in the electric vehicle revolution. It is approaching the market smartly to minimize risk, keep overhead low and maximize shareholder value.

Nevada Energy is an exploration company focused on the acquisition and exploration of brine lithium projects in the world-class mining jurisdiction of Nevada. But Nevada Energy found its own way to minimize risk and leverage others money to capitalize on brine to supply the expanding lithium demand.

Nevada Energy works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory.

Lithium has become a permanent topographic feature of the Nevada economic landscape. Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin battery cell production by the end of this year. By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.

To service this market Nevada Energy has acquired mineral rights to 7 properties in Nevada,

  1. A 100% option-outagreement, 3% net-smelter royalty of the Dixie Valley Project (348 of 910 total claims covering 7,363 hectares/28.4 square miles) to LiCo Energy Metals (LIC.TSXV), covering the majority of the Humboldt Salt Marsh playa in Churchill County, Nevada;
  2. Acquisitionof 100% of the Big Smokey Valley Project (160 placer claims covering 3,200 acres/1,295 hectares) located in Nye County, Nevada;
  3. Acquisitionof 100% ownership in the Black Rock Desert Project (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada;
  4. A 70/30farm-out option JVto American Lithium Corp (LI.TSXV) on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America;
  5. Acquisition of 100% in the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada;
  6. Acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada;
  7. Acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.

Nevada Energy uses three time-tested approaches to maximize shareholder value:

  1. It teams up with other companies for exploration and development. This permits Nevada Energy to leverage its funds;
  2. It has formed an advisory board to streamline the selection, management and development of its lithium projects; and,
  3. It keeps overhead low even as it is well capitalized.

Incidentally, Goldman Sachs is both right and wrong about lithium being the next gasoline: the properties of lithium make it the best possible atoms for energy storage. Lithium is the lightest solid element on earth with double the energy density of the next closest alternative; it is also one of the most abundant elements on earth. These unique properties ideally position it for portable energy storage applications that will be a key enabler of the electric car revolution and replace gasoline as the primary source of transportation fuel.

Gasoline is a source of energy. But lithium is not and will never be until such time as we change the physical laws of the universe, which is safe to assume won’t happen during the four-year term of the next president of the United States.

Lithium is an atom that has the ability to store energy. It stores joules from solar, fossil, hydroelectric sources or nuclear. In reality Nevada Energy aims to provide the fuel tank to electric vehicles.

Source: http://investorintel.com/cleantech-intel/nevada-energy-corp-smart-moves-to-provide-gas-tank-to-electric-vehicles/