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Durango to Drill Test NMX East Lithium Project $DGO.ca

Posted by AGORACOM-JC at 10:30 AM on Wednesday, January 18th, 2017

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  • Planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone

Vancouver, BC / January 18, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone.

On January 17th, 2017 Nemaska Lithium announced “With the Doris zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance…” In the news release of November 28th, 2016, Nemaska Lithium stated, “the Doris zone, contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke.” “Doris appears to run parallel to main zone which extends for 1.2km to the northeast.”

Durango’s 100% wholly owned NMX East ground adjoins Nemaska Lithium on the eastern perimeter where Nemaska Lithium’s Doris zone remains open, less than 1.5km from the proposed mining pit. Durango’s geological team confirmed a pegmatitic intrusion running parallel to Nemaska Lithium’s main zone where it tested positive for anomalous Lithium and rubidium as per the news release on September 21, 2016. A map of the zones comparative with Nemaska Lithium Inc. may be viewed on the Durango website.

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 timing of mineral resource estimates, 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.

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.

Company Provides Update to “LiCo Energy Metals Enters into Letter of Intent to Acquire Lithium Exploitation Concession, Salar de Atacama in Chile’s Lithium Triangle” Press Release $LIC.ca

Posted by AGORACOM-JC at 10:49 AM on Friday, January 6th, 2017

Lico

  • Entered into a non-binding Letter of Intent (LOI) with Durus Copper Chile Spa, of Santiago, Chile whereby LiCo can earn up to a 60% interest in the Purickuta Lithium Exploitation Concession 
  • Located within Chile’s Salar de Atacama, the world’s largest and purest active source of lithium

Jan 6, 2017 Vancouver, British Columbia; - LiCo Energy Metals Inc. (“the Company” or “LiCo”) TSX-V: LIC,OTCQB: WCTXF would like to provide shareholders with an update to the announcement from Tuesday, January 3, 2017 wherein the Company entered into a non-binding Letter of Intent (LOI) with Durus Copper Chile Spa (“Durus Copper”), of Santiago, Chile whereby LiCo can earn up to a 60% interest in the Purickuta Lithium Exploitation Concession (the “Purickuta Project”) located within Chile’s Salar de Atacama, the world’s largest and purest active source of lithium. The LOI, when superseded by a definitive option agreement, will require LiCo to make cash payments totalling USD$8.4 million, issuing 5 million shares and making work and development commitments during the term of the option agreement.

The Company’s shares were halted from trading after the announcement on January 3, 2017 as the TSX Venture Exchange (“Exchange”) deemed the transaction to be a fundamental acquisition pursuant to Exchange Policy 5.3 (“the Policy”). In accordance with the Policy, the Company has now filed the required documents and trading has resumed. The transaction is subject to Exchange approval.

The Purickuta Project exhibits many highly desirable and key acquisition attributes, including:

1) the appearance of both a low-cost resource definition opportunity and a near term production opportunity;

2) the overall project size fits well within the capability of a junior company seeking to quickly define reserves and establish production facilities;

3) the property is well situated within the Salar de Atacama, the highest-grade lithium salar in the world;

4) within the Salar de Atacama, lithium brines exist within 140 feet of surface resulting in low costs of exploration and extraction;

5) the Purickuta Concession lies relatively near existing pumping and solar evaporation installations;

6) the Purickuta Concession is close to power, labour, communications, transportation and other infrastructure.

The Company intends to undertake a preliminary resource definition program upon receipt of the National Instrument 43-101 report, which is expected to be completed in February, 2017.

“We are excited about the opportunity to earn a significant interest in a lithium concession located in the world’s most prolific lithium brine deposit, Chile’s Salar de Atacama. Having two lithium giants, SQM and Albemarle, as neighbours in the salar gives us confidence that we will be able to develop this concession alongside our Chilean partner, Durus Copper, for the benefit of our shareholders.” says Tim Fernback, LiCo’s Chief Operating Officer.


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About the Purickuta Project:https://licoenergymetals.com/purickuta/

The Purickuta Project consist of 160 hectares and is one of a few “exploitation concessions” granted within the Salar de Atacama, home to approximately 37% of the worlds Lithium production. The property is contained within an existing exploitation concession owned by Sociedad Quimica y Minera (“SQM”), and lies approximately 3 km north of the exploitation concession of CORFO (the Chilean Economic Development Agency). About 22 km south-east from the Purickuta Concession, both SQM and Albemarle Corp. have large-scale production facilities within the CORFO concession mentioned above. These two facilities collectively produce over 62,000 tonnes of Lithium Carbonate Equivalent annually and account for 100% of Chile’s current lithium output.

Salar de Atacama is a salt flat encompassing 3,000 km2 being about 100 km long and 80 km wide. The salar possesses a very high grade of both lithium (1,840mg/l) and potassium (22,630mg/l). It has a high rate of evaporation (3,200 mm per year) and extremely low annual rainfall (15mm average per year). These characteristics make Atacama’s finished lithium carbonate easier and cheaper to produce than its peer group globally.

Structure of the LOI and subsequent Agreement:

The proposed transaction to acquire an interest in the Project up to 60%, shall be effected by payment of the amounts described below:

(a) payment of US$100,000 in cash by the Company to be paid to Durus Copper on the date that the Company receives a title opinion acceptable to LiCo, and in any event no later than December 31, 2016 (paid).

(b) the Company shall pay the sum of US$300,000 in cash and issue an aggregate of 5,000,000 common shares of the Company to Durus Copper within five (5) business days of date of TSX Venture Exchange approval (the “Effective Date”);

(c) the Company shall pay the sum of US$2,000,000 in cash to Durus Copper no later than six (6) months from the Effective Date;

(d) the Company shall pay the sum of US$2,000,000 in cash to Durus Copper on the earliest date that is 12 months from the Effective Date or the date of the receipt of a positive preliminary economic assessment on the Property;

(e) the Company shall pay the sum of US$2,000,000 in cash to Durus Copper upon the completion of a positive feasibility report on the Property and at the latest 18 months from the Effective Date;

(f) the Company shall pay the sum of US$2,000,000 in cash to Durus Copper upon receipt of a special lithium operation contract (the “CEOL”) regarding the Property; and

(g) the Company shall have the exclusive right to accelerate all payments due under this agreement.

Once LiCo has completed the foregoing conditions and as a result has exercised the option to acquire an initial 50% interest in the Purickuta Project (including the completion of the Work Commitment described below), and during a period not to exceed 12 months from the date the CEOL is executed, LiCo has an option to commence construction of a plant to achieve production at a minimum rate of 2,000 TPA or up to a maximum rate of 4,000 TPA. The Parties may agree to increase the production rate by mutual consent.

For the first US$10 million invested by LiCo in plant construction, LiCo will acquire an additional 10% interest in the Property from Durus Copper, to complete the acquisition of the 60% interest in the Purickuta Project.

Work Commitments:

LiCo shall be required to complete the following under its “Work Commitment” obligations as follows:

(a) the receipt of an acceptable title opinion in regards to the Purickuta Project, as required for the first US$100,000 payment;

(b) the completion of a NI 43-101 compliant report;

(c) the Preliminary Economic Assessment;

(d) the Project Feasibility Study; and

(e) the procedure and application for the execution of the CEOL.

The transaction will be subject to TSX-Venture approval. Finders fees are payable in connection with the sourcing and negotiation of the potential acquisition of the Purickuta Project.

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

About LiCo Energy Metals: https://licoenergymetals.com/

LiCo Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.

The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project located near Cobalt. Ontario. The Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt and 980,000 oz. of silver. A significant portion of the cobalt that was produced at the Agaunico Mine located along structures that extended southward onto property currently under option to LiCo Energy Metals.

The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. The geologic setting and presence of lithium in active geothermal fluids and surface salts in Dixie Valley match characteristics of producing lithium brine deposits at Clayton Valley, Nevada and in South America.

The Company has entered into an option agreement whereby the Company may earn an undivided 70% interest, subject to a 3% Net Smelter Return Royalty, in the Black Rock Desert Lithium Project that consists of 199 placer claims (3,980 acres, or 1,610 hectares) in southwest Black Rock Desert, Washoe County, Nevada.

The Company has signed a non-binding Letter of Intent (LOI) with Durus Copper Chile Spa, of Santiago, Chile whereby LiCo can earn up to a 60% interest in the Purickuta Lithium Exploitation Concession located within Chile’s Salar de Atacama, the world’s largest and purest active source of lithium.

The Company is planning an exploration programs for all its properties over the next several months.

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 adequacy or accuracy of this 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 TSX Venture Exchange approval of any Option Agreement for the acquisition of an interest in the Purickuta Project, the satisfaction of any obligations and conditions that may be contained in such Option Agreement, and the Company’s ability to exercise the Option, 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. General business conditions are 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

Company Sifts oilfield waste for US$10,000-per-tonne #lithium

Posted by AGORACOM-JC at 1:54 PM on Thursday, December 29th, 2016

 MGX claims to be the "largest lithium brine land holder in Canada".

  • MGX Minerals Inc. has been buying up metal and minerals permits in Alberta’s oil and gas producing regions but has no intention of mining the areas for lithium carbonate, which is used to make batteries for electric vehicles
  • Jared Lazerson, MGX’s president and CEO, said the company is working to sign agreements with oil and gas producers to process their wastewater, a byproduct of oil and gas production, so the company can extract the lithium carbonate from that water, which would otherwise simply be treated like waste.

CALGARY – A tiny Vancouver-based mining company is betting Alberta’s energy sector could benefit from the rise of electric vehicles by harvesting its oilfield wastewater for lithium carbonate.

MGX Minerals Inc. has been buying up metal and minerals permits in Alberta’s oil and gas producing regions but has no intention of mining the areas for lithium carbonate, which is used to make batteries for electric vehicles.

Instead, Jared Lazerson, MGX’s president and CEO, said the company is working to sign agreements with oil and gas producers to process their wastewater, a byproduct of oil and gas production, so the company can extract the lithium carbonate from that water, which would otherwise simply be treated like waste.

MGX claims to be the “largest lithium brine land holder in Canada” with permits covering over one million barrels per day of brine production by various oil field operators throughout Alberta.

While MGX has yet to deploy a pilot project in the oilfield (a pilot is scheduled to begin in the first quarter of 2017), in December the company signed an agreement with oilsands giant Canadian Natural Resources Ltd. to work on the Sturgeon Lake region, near Grande Praire, Alta.

“Canadian Natural has allowed a third party to obtain water samples from our operations for their work in lithium carbonate,” CNRL spokesperson Julie Woo said in an email. “Beyond that, no decisions, plans or commitments have been made on the application of this technology in Canadian Natural’s operations.”

Lazerson said he hopes that MGX’s technology, for which it has filed patents, will allow oil and gas producers to help supply new energy markets, including the market for electric vehicles.

“Who better to have a big piece of the new energy sector than the energy sector?” he said. “I think there are going to be incredible efficiencies from oil and gas and new ideas as word starts to get out.”

Wood Mackenzie analysts expect lithium demand will double by 2024 as more and more consumers, especially in Europe, purchase electric vehicles.

Lithium prices have spiked in recent years because, as Wood Mackenzie noted in a November report, that lithium ion “has become the technology of choice” for electric vehicles.

The commodity is not traded on any exchange, however, and analysts say that current prices – which have reached US$10,000 per tonne – are likely to fall as new supplies become available.

“The trick isn’t finding lithium, the trick is producing it inexpensively,” Stormcrow Capital president and lithium analyst John Hykawy said in an email.

Hykawy said there are several companies attempting to produce lithium using water treatment technologies like reverse osmosis and nano-filtration but cautioned these are early-stage technologies being developed in a time of high prices.

Most of the lithium carbonate produced in the world is produced in South America’s “lithium triangle,” — the salt flats in Bolivia, Chile and Argentina — where new projects are also set to begin production.

“Prices will fall again, it might take a year or two,” Hykawy said. “But almost none of the smaller companies in the space, with the exception of Orocobre Ltd., are in a position to produce and have their profits benefit from these high prices. By the time most will be able to sell something, prices will be back to lower levels.”

MGX’s Lazerson hopes to move from a pilot project in the first quarter of next year to a full-scale commercial project by the third quarter. MGX, which trades on the alternative Canadian Securities Exchange, has seen its share price rise 110 per cent this year.

The company’s goal, Lazerson said, is to connect its water-treatment units with oil and gas operators in regions where they produce between 12,000 barrels per day to 20,000 bpd.

“Big picture, this is an add-on to oil and gas,” Lazerson said, adding that he thinks energy companies will see the value in the minerals in their waste and venture with MGX to process their water.

Financial Post

gmorgan@nationalpost.com

Twitter.com/geoffreymorgan

Source: http://business.financialpost.com/news/vancouver-mining-company-plans-to-scour-oilfield-waste-for-us10000-per-tonne-lithium?__lsa=0ccc-5bdd

 

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.

Pacific North West Capital Announces Assays, up to 4.33% Lithium Oxide on the Lithium One Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:14 AM on Thursday, December 8th, 2016

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  • Samples from the Silverleaf Pegmatite yielded assays up to 4.33% Li2O, 2.08% Rb2O and 0.04%Ta2O5
  •  Numerous other Pegmatites and Pegmatitic Granite sites sampled
  •  Drilling slated for early 2017

December 8th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received the assay results of its Phase One Exploration Review of the Lithium One Project.

The Lithium One Project (April 21st, 2016 News Release) is located 125 kilometres northeast of Winnipeg, Manitoba, in the Cat Lake-Winnipeg River Pegmatite Field. This Pegmatite Field is host to the world-class Tanco Pegmatite, which has been mined since 1969. Historically, the project area is known for the presence of numerous surface Pegmatites, of various dimensions and compositions.

The Company carried out a Phase One Exploration Program, whereby several of the known Lithium-bearing Pegmatite were prospected and sampled, including the Greer Lake Pegmatitic Granite. The purpose of the exploration program was to obtain modern-day assay analyses of the Pegmatites and to ground proof the historic Pegmatite locations. Numerous Pegmatites and Pegmatite swarms were not sampled, due to access difficulties and will be prospected at a later time.

The Silverleaf Pegmatite is a zoned complex Lithium-bearing Pegmatite, with a surface exposure of approximately 80 metres x 45 metres. It was the largest Pegmatite reviewed. Samples taken from the Lepidolite-Spodumene Zone yielded assays from 1.30% to 2.43% Li2O, 0.15% to 2.08% Rb2O and 104 ppm to 447 ppm Ta2O5. This zone is approximately 50 metres x 20 metres in size and extends into a historic excavated open pit. The open pit originates from the late 1920s, when a bulk sample of Spodumene was mined from the southwest side of the Silverleaf Pegmatite. Large scale mining operations were not undertaken at the time, due to changes in the market conditions and commodity prices. A sample from the historically mined Spodumene rock pile returned values up to 4.33% Li2O.

Many of the sampled Pegmatites are hosted in the Greer Lake Pegmatitic Granite. This unit is exposed on surface, over an approximate area of 3500 metres x 800 metres. The nature of the in-situ segregation, of the sampled Pegmatites, suggests a potential exploration target with the possibility of other complex Lithium-bearing Pegmatites, hosted within the Pegmatitic Granite, but below surface. Lithium-bearing Pegmatites tend to occur along the southern margin of the Greer Lake Pegmatite Granite (Figure 2), which is considered a potential exploration target horizon.Historic exploration of the area has resulted in several untested lithogeochemical anomalies that will be target areas for future exploration.


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Figure 1: Lithium One Project Location Map

The Annie Pegmatite is exposed on surface, for an approximate area of 15metres x 90 metres. Samples returned assays of 0.10% to 0.64% Li2O and 0.21% to 0.81% Rb2O. Other Pegmatites returned elevated levels of Lithium. Due to the zoned nature of some of the Pegmatites, additional Lithium-rich zones may exist, but are not exposed on surface. It is recommended that a Program of Mapping and Sampling be carried-out, over the southern margin of the Greer Lake Pegmatite Granite, during the 2017 summer field season, in addition to mapping and prospecting the Pegmatites that were not examined, this field season. A Drill Program of 3000 metres is proposed for 2017, in order to test several of the surface exposed Pegmatites.


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Figure 2: Lithium One Project Pegmatite Map


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Table 1: Pegmatite Field Assays – Lithium One Project

To date, the Company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential, in the Cat Lake-Winnipeg River Pegmatite Field, of SE Manitoba. PFN is the Largest Mineral Claim Holder, in the Pegmatite Field. As part of the Company’s Prospector Generator Model, negotiations are currently ongoing, with interested 3rd parties, for possible Option/Joint Ventures and other Exploration Initiatives.

PEGMATITE SAMPLE PROCEDURES

The Pegmatite samples were sent to the Activation Laboratories facility, in Ancaster, Ontario for analysis. Samples were prepared, using the lab’s Code RX1 procedure. Samples are crushed, up to 95% passing through a 10 mesh, riffle split, and then pulverized, with mild steel, to 95%, passing 105 ?m. Analyses were completed, using the lab’s Ultratrace 7 Package; a Sodium Peroxide fusion which allows for total metal recovery and is effective for analysis of Sulphides and refractory minerals. Assay Analyses are carried out, using ICP-OES and ICP-MS instrumentation. Due to the reconnaissance and prospecting nature of the Phase One Program, independent standards, or blanks, were not submitted with the samples. However, Activation Laboratories followed their own internal QA/QC procedures. It is recommended that for future detailed mapping/sampling programs and for drilling, a full QA/QC program of standards, duplicates and blanks be implemented.

ABOUT PFN’S PGM DIVISION

PFN’s flagship project is its 100% owned River Valley PGM Project, (PFN Website – River Valley Project) in the Sudbury Mining District of NW Ontario (60 kilometres due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus Gold. River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion and are undergoing continued exploration. Results are expected from the Fall Drill Program, in the next few weeks.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results, or Mineral Resources, is based on information compiled, reviewed, or prepared, by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is a Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry 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.

Durango Returns to Limestone Project Near Terrace, BC $DGO.ca

Posted by AGORACOM-JC at 8:41 AM on Thursday, December 1st, 2016

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  • Geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100% owned Mayner’s Fortune limestone project
  • 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units

Vancouver, BC / TheNewswire / December 1, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news of November 1st, 2016, a geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100%-owned Mayner’s Fortune limestone project.

The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units. Durango recently completed its first phase of exploration program on its limestone properties which included sampling to test limestone quality and mapping to confirm historical reports. Additional updates including assay results will be provided as they become available.

Marcy Kiesman, CEO of Durango will meet with representatives of local interest groups in efforts to maintain open communication and dialogue and to form potential partnerships as they may arise.

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 project, 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 commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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 its 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.

Nemaska Lithium’s Deposit Extends Towards Durango’s NMX East Project $DGO.ca

Posted by AGORACOM-JC at 2:01 PM on Wednesday, November 30th, 2016

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  • Announced that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project
  • Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke

Vancouver, BC / November 30, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project.

As stated in Nemaska Lithium’s news release dated November 28, “…the Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke. The Doris zone starts in the southwest and is open along strike to the northeast. Doris appears to run parallel to main zone which extends for 1.2km to the northeast.” (1)

Durango’s 100%-owned NMX East ground adjoins the eastern boundary of the Whabouchi property, where the Doris zone remains open, and lies less than 1.5km from the proposed Whabouchi pit. Durango’s geological team identified a pegmatite intrusion at NMX East running parallel to Nemaska Lithium’s main zone which returned anomalous lithium and rubidium values. (2)

The Company has renewed the strategically located NMX East claims for an additional two years and intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango met with drilling contractors at the Quebec Mines convention in Quebec City last week, as announced on November 21, 2016, and will announce further details as they become available.

A map of Durango’s NMX East property in relation to the Whabouchi lithium deposit is available on the Durango Resources website:

http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Marcy Kiesman, CEO of Durango stated, “LCT pegmatite intrusions are known to occur in groups spanning tens of square kilometres. Considering the proximity of the NMX East lithium-bearing pegmatite intrusions to the Whabouchi deposit, we see a great amount of potential for discovery on our ground.”

The technical contents of this release were approved by Mr. 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.

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, as well as three sets of claims in the Labrador nickel corridor.

References

  1. (1)Nemaska Lithium Inc. news release dated November 28, 2016.
  2. (2)Durango Resources Inc. news release dated September 21, 2016

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 timing of mineral resource estimates, 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.