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Rising Electric Car Demand Powers #Lithium ETF #Tesla $NAM.ca $BFF.ca $LIT

Posted by AGORACOM-JC at 4:42 PM on Monday, September 11th, 2017
  • Growing popularity of electric-powered vehicles is fueling demand for lithium batteries and supporting the miners-related ETF
  • World is shifting toward electric vehicles and the industry is standardizing on lithium ion batteries, which could mean that we are going to need a lot more lithium than is currently be supplied

The Global X Lithium & Battery Tech ETF (NYSEArca: LIT), which tracks the full lithium cycle from mining and refining through batter production, surged 5.0% Monday on five times its average daily volume, according to Morningstar data. LIT has also been breaking new record highs, surging 40.8% year-to-date.

The world is shifting toward electric vehicles and the industry is standardizing on lithium ion batteries, which could mean that we are going to need a lot more lithium than is currently be supplied, writes Josh Brown, The Reformed Broker.

Over the past two years, fears of a lithium shortage has almost tripled prices for the metal to over $20,000 a ton due to a spike in the market for electric vehicles, and the demand for metals isn’t dissipating as electric car production is estimated to surge more than thirtyfold by 2030, Bloomberg reports.

While there is more thane enough lithium in the ground, the industry and infrastructure needed to extract the metal is still lacking. Battery makers will require more mines to support production and they will have ot build them much more quickly than previously thought.

Related: Rare Earth Metals ETF is Enjoying a Banner Year

According to BNEF, Tianqi Lithium, SQM, Albermarle and FMC, the producers that dominate the space, will need to extract enough lithium to supply the equivalent of 35 Tesla Gigafactories now being built in Nevada. Research Sanford C. Bernstein & Co. projects total investments to supply these new batters will range from $350 billion to $750 billion.

The Global X  Lithium & Battery Tech ETF, tries to reflect the performance of the Solactive Global Lithium Index, which is comprised of a number of global lithium producing companies and lithium battery producers, like FMC 25.1%, Quimica Y Minera 17.1%, Samsung SDI Co. 6.6% and Tesla Motors 5.6%. Top country weights include U.S. 41.2%, Chile 13.8%, South Korea 13.6%, Japan 8.9% and Australia 6.8%.

Source: https://www.etftrends.com/rising-electric-car-demand-powers-lithium-etf/

BULLETIN: #LME considers starting #lithium contract to tap electric car boom #Tesla $NAM.ca $BFF.ca

Posted by AGORACOM-JC at 5:51 PM on Wednesday, August 30th, 2017

  • London Metal Exchange is considering introducing a contract for lithium
  • In heavy demand because of its use in electric cars, as the 140-year old company tries to reverse a fall in volumes.

The exchange, which sets the global price for metals such as copper, aluminium and nickel, has been looking at the feasibility of trading the metal, which is extracted in South America and Australia and mostly sold in a white powder to battery makers. “Lithium is the buzzword within the LME,” one source familiar with the discussions said. Demand for lithium, the world’s lightest metal, is set to soar fourfold by 2025 as ownership of electric cars increases and more batteries are used to store power from renewable energy such as wind and solar, according to consultancy Roskill.

Click here to read entire article.

Millennials’ use of technology is driving lithium demand $BFF.ca $NAM.ca

Posted by AGORACOM-JC at 12:30 PM on Friday, July 28th, 2017

Don Hauka, Special to BNN.ca from Market One Media

Pastos Grandes, Salta Province Argentina
  • According to Goldman Sachs, “Lithium is the new gasoline”.
  • Essential light metal that powers all our hi-tech tools like cell phones, laptops and electric cars.
  • Additionally it is used in grid storage or “powerwalls” that store energy generated by wind turbines and solar cells, allowing energy to be put back into the power grid when consumers need it.

Millennial Lithium is looking to power tomorrow’s generation

According to Goldman Sachs, “Lithium is the new gasoline”. It is the essential light metal that powers all our hi-tech tools like cell phones, laptops and electric cars. Additionally it is used in grid storage or “powerwalls” that store energy generated by wind turbines and solar cells, allowing energy to be put back into the power grid when consumers need it. This 21st century metal is the key driver of clean, renewable energy storage technology. We can’t get enough of it — literally.

Kyle Stevenson, President of Millennial Lithium Corp. (TSX.V: ML), says the world supply of lithium must increase exponentially in order to meet future demand. Fortunately, Millennial Lithium is in a position to help fill the future supply gap predicted my many analysts.

A recent article by The Economist, called the boom The White Gold Rush.

For Stevenson, the White Gold Rush math is pretty simple: the demand for lithium is soaring and so is its price. Demand is being driven by the need to eliminate green house gas-producing internal combustion engines with clean electric vehicle (EV) technology. EVs rely on lithium batteries for power. Lithium prices, are hitting record highs in China, with battery grade lithium jumping to a high of $20,000 per ton in 2017, almost tripling in one year.

Goldman Sachs wrote a report that stated for every one per cent uptake of electric vehicles, you need 70,000 tonnes of lithium carbonate production per year. That’s equivalent to three or four good-sized mines, according to Stevenson.

EVs are growing in popularity in North America, but are even more popular in Europe. In Norway, the penetration of electric vehicles is 37 per cent of the market. Stevenson sees countries like Canada following suit sooner than later.

“That’s where the industry’s going — it’s all going electric,” he says. “In the near future, if you have a two-car family, one will be electric.”

Evidence of that is the demand for the new Tesla Model 3 EV, which is about to go into production. Reasonably priced at about $35,000, Tesla has 400,000 advance orders for this cutting-edge vehicle. But a shortage of lithium for the crucial batteries is putting the brakes on production. Tesla can only produce between 100,000–150,000 vehicles a year due to the lithium shortage.

Couple that with the ever-growing sales of cell phones and other technological products that rely on lithium for their components, and the demand for the new gasoline just keeps going up.

“Right now the lithium industry is at 220,000 tonnes a year of demand, and there’s estimates that in 2025 that the demand will be anywhere from 500,000 to a million tonnes a year,” says Stevenson.

“It’s going to at least double in the next six years, and I don’t see enough lithium projects out there to meet that demand.”

To help fill the gap, Millennial Lithium has assembled 25,000 hectares of claims in the heart of South America’s famed “Lithium Triangle,” home to the world’s most prolific lithium mines. These expansive salt flats are found where Bolivia, Argentina and Chile meet, and boast the highest concentrations of lithium brines in the world. Grades in the lithium triangle average 500 per cent higher than in Nevada — little wonder the triangle is home to several world-class lithium mines, which are the most profitable in the industry.

“We’re at 4,000 metres in the Andes,” says Stevenson, who has been to the region many times. “It’s high alpine desert — it’s definitely interesting terrain.”

The company’s flagship project covers over 6,000 hectares of the Pastos Grandes Salar, 230km from the city of Salta at an elevation of 3,800 metres. Pastos Grandes is an advanced stage project that contains lithium brines ranging from 400 mg/l to 600 mg/l. Pastos Grandes also has some of the best infrastructure in the Lithium Triangle, with good road access, power, water and natural gas.

“We’re completing a resource estimate on it right now that should come out sometime in the fall, and shortly after that we’ll be doing a Preliminary Economic Assessment,” says Stevenson.

“We’re three years from production and that’s what we’re primarily focused on.”

Typically, lithium is found in salars, which are salt-encrusted depressions that are usually in the basin of an evaporated lake. To extract the lithium, brine contained within the salar is pumped up into solar evaporation ponds. It’s an environmentally friendly, largely solar-powered — and very inexpensive — process. The concept and technology is simple. Finding the right salar is not.

“Fortunately, we’ve hit lithium from surface right down to depth. We’re at about 550 metres, so the entire way we’ve had lithium values. It is getting higher grade as we go deeper, but on average we’re looking over 500 ppm lithium.”

Currently, Millennial Lithium has about 30 staff working in Argentina. Stevenson says when the Pastos Grandes mine is built, it will cost about $200–$250 million. That will go into the local economy for service providers, workers and construction contracts. So the people of the region will also enjoy the benefits of the lithium boom.

Argentina’s resurgence as a lithium supplier is due in large part to the election of President Mauricio Macri in December 2015. His government has greatly improved the legislative landscape for mining companies and created rapid growth in Argentina’s lithium industry.

“Macri has opened up the country to foreign investment. It’s open for business for companies developing mining projects, and you can see it in the local economies,” says Stevenson.

“With the influx of mining, the people are happy, so we’re hoping to continue on along those lines, because for so long in Argentina, it was difficult to do business there.”

Millennial Lithium has a strong technical team lead by Iain Scarr in Argentina. CEO Farhad Abasov (newly added) has over 15 years of experience founding and managing natural resource companies. Most recently he served as President and CEO of Allana Potash Corp., a potash development company that was sold to Israel Chemical Ltd. for $170M in 2015. He was also the Executive Chairman of Rodinia Lithium, a company developing lithium brine assets in Argentina.

Stevenson was raised in Terrace, B.C. and received his Bachelor of Commerce from the University of Victoria. In addition to extensive experience in the mining space, he has over 15 years experience financing public companies.

Soaring prices and soaring demand are key factors driving Millennial Lithium’s success. And another cause for optimism is the company’s position at the forefront of the mining/energy revolution that’s paving the way for a hi-tech, low-carbon future.

“We position ourselves as a tech company a lot of the time,” says Stevenson. “We provide the raw materials to make all your tech work: your cell phone, your laptop, all those other devices.”

That message resonates with investors.

“Once you start talking about electric cars, they get the concept and they can see where the demand is coming from, and they’re receptive,” says Stevenson.

The high demand and high price has a lot of investors looking at lithium. But Stevenson says investors should be cautious and do their research.

“There’s a lot of lithium companies out there that don’t have a lot of lithium,” he says.

“We’ve got real projects, real technical staff and a full operation in Argentina. We’re one of the real deals. There are a lot of deals out there that can’t say the same.”

So with their flagship project Pastos Grandes gearing up for production, and both the price and demand for lithium hitting record highs, it’s pretty easy to see why Stevenson is excited about the potential for his company to be one of the big winners in the White Gold Rush.

Source: http://www.bnn.ca/millennials-use-of-technology-is-driving-lithium-demand-1.813167

Chile’s SQM sees 8-10% growth in lithium demand this year $NAM.ca $DGO.ca $BFF.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 11:22 AM on Wednesday, February 22nd, 2017
  • “The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

Feb 19 Chile’s SQM expects demand for lithium to grow between 8 percent and 10 percent this year and is working to improve financial performance by 2020, an executive told local paper El Mercurio on Sunday.

SQM, one of the world’s biggest producers of lithium and iodine, has been trying to consolidate its position with investments abroad.

In 2020 SQM expects annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $1 billion. Currently quarterly EBITDA is less than $200 million, Gerardo Illanes, vice president of finances, told the newspaper.

“The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

SQM plans to invest $100 million to increase its production capacity this year, which combined with its capital injection in Argentina would lead to a total investment of around $300 million, he said.

Illanes said SQM would not have a problem financing its projects although he did not rule out tapping debt markets. (Reporting by Fabián Andrés Cambero; Writing by Caroline Stauffer; Editing by Jeffrey Benkoe)

Source: http://www.reuters.com/article/sqm-demand-idUSL1N1G407H

Lithium: The Fuel of the Green Revolution $DGO.ca $FMR.ca $SX.ca $BFF.ca $NAM.ca

Posted by AGORACOM-JC at 4:26 PM on Wednesday, February 15th, 2017

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