Agoracom Blog Home

Archive for the ‘Small Cap Lithium Stocks’ Category

Invested in Wellgreen Platinum $WG.ca ? Did you know New Age Metals $NAM.ca has Canada’s Largest Undeveloped Primary #PGM Resource

Posted by AGORACOM-JC at 12:10 PM on Tuesday, September 12th, 2017

New age large

(NAM:TSXV)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.

River Valley PGM Project

  • Midway through 16,500ft drill program
  • Abitibi Geophysics has completed the final IP geophysical report
  • Drilling has been focused on follow-up drilling to further test the continuation of the Pine Zone and Dana North Zone
  • Further drilling will test the geophysical targets from the IP Survey

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/

All Eyes On #Gold – But Its #Platinum That Will Soar Up To 95% – And New Age Metals $NAM.ca Could Win Big

Posted by AGORACOM-JC at 10:19 AM on Friday, September 1st, 2017

Sean Zubick wrote a great article on LinkedIn that concluded with the following powerful statement:

“No other PGM company has the torque New Age Metal has, and that is why the company is one of largest holdings in our portfolio.”

Considering the success of Sean and his Palisade Global Investments, that’s incredible 3rd party credibility for Harry Barr and his team. Harry has been incredible patient with his River Valley PGM Deposit and looks set to finally start reaping the rewards.

Here is the article. Take a few minutes and read this:

======================================

The platinum group metals are composed of six noble, precious metallic elements: iridium, osmium, palladium, platinum, ruthenium, and rhodium. In mining, the most valuable PGMs are platinum and palladium, and rhodium to a lesser degree. Intuitively, the metals are correlated in terms of price movement, and often time track other precious metals, especially gold.

While platinum and gold are correlated (0.85), platinum has historically traded higher than gold, averaging 50% more since 2000. The platinum to gold ratio is currently 0.75, with gold consistently trading higher since the beginning of 2015.

If we shorten the timeframe from 2000 to 2009, the average decreases. However, it still implies that current platinum prices are undervalued relative to gold:

Using the current gold price of $1,300/oz. and the average ratio since 2000, platinum should rebound from its current price of $990/oz. to $1,950. Using the 2009 average of 1.03 still means a significant rebound to $1,360/oz., or a gain of 40% from current levels.

The PGM industry is dominated by the major South African platinum producers, and the largest palladium producer in the world, the Russian-based Norilsk Nickel. Just these two regions account for almost 90% of the World’s platinum and palladium production.

What makes PGM investing even more precarious is that in addition to operating in risky jurisdictions, there are only a handful of public companies. If you filter this to junior companies with a resource, you are down to less than ten.

New Age Metals (CVE:NAM, OTCMKTS:PAWEF)

Current Price: C$0.07

Shares Outstanding: 68.4 million

Market Capitalization: C$4.8 million

Cash: ~C$2.6 million

New Age Metals is one of the few PGM companies that operates in a safe jurisdiction, but is also the cheapest on a per platinum ounce basis. According to our analysis and current market prices, New Age Metal’s River Valley PGM Project hosts a total resource of 3.4 million ounces platinum equivalent. This gives New Age Metals a valuation of C$0.74/oz. Compare this to the average of its comp group, C$40.00/oz.

With platinum poised to return to its median, and New Age Metals trading at a substantial discount to its peers, the optionality in this play is enormous.

New Age Metals is an out of favor companies that has fallen through the cracks because of the decline of platinum. However, the company has raised C$2.6 million and is now more than halfway done its 2017 drilling campaign, focusing on the Dana North (T3) and Pine zone.

In addition, an induced polarization (IP) geophysical survey and borehole geophysics has been completed. The first portion of the drill program was concentrated on follow-up drill testing of the 2015/2016 PGM mineralization at the Pine zone. Drilling will now focus on the geophysical interpretation from the recently completed IP survey.

Six holes were completed at the Pine zone, which is open along strike and at depth. The first batch of assays has been sent to the lab. Results are expected any day now.

The current exploration program will be used to establish the resource base for a preliminary economic assessment (PEA), which the company plans to complete before the end of 2018.

Prior to the current program, the River Valley PGM Project has seen 671 holes drill holes for 152,394 metres and $40 million in total spending. Shares from its last financing became free-trading on August 28, and the stock has sold off in anticipation. In fact, share prices are down more than 50% from its recent high. This bargain price is a nice entry for new investors, especially with an imminent fall commodity rally, and the strong and catalytic news flow on the horizon.

No other PGM company has the torque NAM has, and that is why the company is one of largest holdings in our portfolio.

Cheers,

Sean

================================

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.

New Age Metals $NAM.ca Appoints Mr. Alan King for Geophysical Interpretation #Gold #PGM

Posted by AGORACOM-JC at 9:52 AM on Tuesday, August 22nd, 2017

New age large

  • Appoints Mr. Alan King to assist NAM with a detailed geophysical interpretation of new geophysical information acquired recently from Abitibi Geophysics
  • The Chairman and CEO Harry Barr stated; “The Board of Directors and management are very fortunate to have Alan king assist in the company’s geophysics program. His reputation in the industry speaks for itself”.

August 22nd, 2017 / Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F). The Company is pleased to appoint Mr. Alan King to assist NAM with a detailed geophysical interpretation of our new geophysical information acquired recently from Abitibi Geophysics, as well as combining all historical geophysical information from its vast historical database and deriving new targets for future drilling.

The Chairman and CEO Harry Barr stated; “The Board of Directors and management are very fortunate to have Alan king assist in the company’s geophysics program. His reputation in the industry speaks for itself”.

Alan received a B.Sc. in geology from the University of Toronto in 1976 and an M.Sc. in geophysics from Macquarie University in 1989. From 1976 to 1990 he worked as a geophysicist in exploration and resource development in Canada and Australasia. From 1990 to 2012 he was employed by Inco /Vale as a senior geophysicist and then as Manager of Geophysics with responsibility for global exploration. As Chief Geophysicist for Vale Global Exploration Alan worked on geophysical applications for base metals, iron, manganese, coal and fertilizers (potash and phosphate) as well as target generation using regional and global data sets.

Alan is currently working as a consultant with his own company Geoscience North.

His professional interests include the use of geophysics, new technology (and ideas) and data integration in exploration, mining, environmental, geotechnical and other applications.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes, equating to 2,463,000 ounces PGM plus Gold. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion. Currently the company has completed new ground geophysics and is in the middle of a drill program focused on the Pine and Dana North Zones.

In 2016, the company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length.

ABOUT NAM’S LITHIUM DIVISION

The Company has several hard rock Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li Division.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and 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 adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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

Durango Offered Additional Land Packages In Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 9:45 AM on Friday, March 24th, 2017

Logo

  • Properties have been offered to the Company in the Windfall Lake gold camp area for purchase
  • Management and consultants are looking at the land packages offered and reviewing the available technical data

Vancouver, BC / March 24, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces that additional properties have been offered to the Company in the Windfall Lake gold camp area for purchase. Company management and consultants are looking at the land packages offered and reviewing the available technical data.

The Windfall Lake gold deposit is located between Val d’Or and Chibougamau in the Abitibi region of Quebec and hosts one of the highest-grade gold resource stage projects in Canada. Last month, $109M dollars in financings were announced by four companies exploring in the area, gaining increased attention for the Windfall Lake gold camp.

Additionally, Durango would also like to provide an update on its Trove Property which lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. As previously announced on February 24 and 27, 2017, negotiations are progressing and Durango expects to be providing a detailed update to the market in the near future.

Marcy Kiesman, CEO of Durango stated, “Durango remains a firm believer in the favourable geology in the Windfall Lake Camp and the possibility of the regional gold discoveries being pervasive throughout the region. The Company has been positioned for discovery in the area since 2010 and is working conscientiously to bring additional value to our shareholders as the district heats up.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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 adequacy or accuracy of this release.

Durango Provides Update On Properties in Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 7:01 AM on Monday, March 13th, 2017

logo

  • Announces technical specifications on its Trove Property that is currently under negotiation as well as the additional property in the area that was recently acquired by Durango

Vancouver, BC / March 13, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces technical specifications on its Trove Property that is currently under negotiation (the “Trove Property”) as well as the additional property in the area that was recently acquired by Durango (the “New Windfall Property”).

Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.

The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. Per Durango’s map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.

Durango’s recent acquisition of the New Windfall Property announced on March 6th, 2017 is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko’s ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.

Marcy Kiesman, CEO of Durango stated, “Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

About Durango

is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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 adequacy or accuracy of this release.

Vancouver, BC / March 13, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces technical specifications on its Trove Property that is currently under negotiation (the “Trove Property”) as well as the additional property in the area that was recently acquired by Durango (the “New Windfall Property”).

Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.

The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. Per Durango’s map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.

Durango’s recent acquisition of the New Windfall Property announced on March 6th, 2017 is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko’s ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.

Marcy Kiesman, CEO of Durango stated, “Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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 adequacy or accuracy of this release.

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

Durango Announces Acquisition of Bentonite, Perlite and Zeolite Projects in BC $DGO.ca

Posted by AGORACOM-JC at 5:12 PM on Thursday, February 16th, 2017

Logo

  • Acquired a 100% interest in British Columbia industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE occurrences

Vancouver, BC / February 16, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has acquired a 100% interest in British Columbia industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE occurrences.

One zeolite project is located adjacent to the recently announced acquisition by Ashburton Ventures (TSX.V-ABR), as outlined in the Ashburton news release dated January 30, 2017. The Durango acquisition overstakes the irregular-shaped mining lease of the Z-1 zeolite quarry/mine near Cache Creek, British Columbia, being acquired by Ashburton and is within approximately 800 metres of the centre of the mining lease.

The second zeolite project is also located in the Cache Creek area, along Hwy 1/Hwy 97. Durango is acquiring 100% of an occurrence of zeolite, known as Perry Ranch, reported in 2011. The acquisition covers an area that is reported as “…approximately 300 metres long and contains several layers to 10 metres depth.” (1)

The third claim block covers the Uncha Lake perlite occurrence (2), and is located near Burns Lake, British Columbia. Past work discusses the occurrences as a perlite unit interbedded within porphyritic rhyolite layers which are reported to be 2.0 – 9.0 metres thick. The perlite is light grey to pale greenish-grey with some perlitic glass occurrences. The perlite generally dips shallowly to the south and is 7.6 to 23.9 metres thick. The report goes on to state that historical reports indicate that in 1955, nineteen trenches were exposed at approximately 45 metre intervals, exposing 2,400 metres of bedrock. Six perlite layers along a zone 850 metres long and 500 metres wide were exposed. (2) (3)

Durango is also acquiring the past-producing Princeton Bentonite occurrence, near Princeton, British Columbia, which was historically reported to have produced 771 tonnes of bentonite between 1926 and 1944. (4)

Three additional titles adjacent to the Dot Mordenite BC MINFILE occurrence near Merritt, British Columbia, which has been reported as a potential zeolite prospect, area also part of this land package. (5) (6)

Further details on these acquisitions will be provided as they become available.

About Zeolite, Perlite, and Bentonite

Zeolites are microporous aluminosilicate minerals commonly used as commercial absorbents and catalysts in the petrochemical industry as well as detergents. They are also widely used as ion-exchange beds in domestic and commercial water purification, softening, and aquaculture applications. Zeolite is also used in growing media, animal feed supplements, composting, and alternative medicine.

Perlite is an amorphous volcanic glass, typically formed by the hydration of obsidian. It has the unusual property of greatly expanding when heated sufficiently. Perlite is primarily used in construction in the production of lightweight plasters, mortars and cement formulations, and in well cements for oil and gas drilling. In horticulture, perlite can be used as a soil amendment or alone as a medium for hydroponics or for starting cuttings.

Bentonite is an absorbent aluminum phyllosilicate clay consisting mostly of montmorillonite. The main uses of bentonite are for drilling mud, binder (e.g. foundry-sand bond, iron ore pelletizer), purifier, absorbent, and as a groundwater barrier. Bentonite is also used in some forms of alternative medicine.

Durango has agreed to pay 1,000,000 common shares to an arm’s length vendor for the 100% acquisition of all projects subject to TSX Venture Exchange approval.

The technical contents of this release were approved by Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

References

  1. (1)ARIS (BC Assessment Report Database) Report 33072
  2. (2)ARIS (BC Assessment Report Database) Report 20026
  3. (3)BC MINFILE 093F 026: “UNCHA LAKE”
  4. (4)BC MINFILE 092HSE151: “PRINCETON BENTONITE”
  5. (5)BC MINFILE 092ISW108: “DOT MORDENITE”
  6. (6)ARIS (BC Assessment Report Database) Report 30607

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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 adequacy or accuracy of this release.