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CLIENT FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 5:47 PM on Friday, July 22nd, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

INTERVIEW: Namaste Discusses Accretive Acquisition of VaporSeller Bringing Company’s Revenue Run Rate to $5.8M USD $N.ca

Posted by AGORACOM-JC at 3:36 PM on Friday, July 22nd, 2016

Namaste Technologies is a fast growing, revenue generating company that is emerging as a leader in the global trend towards “vaping”. If you’re an investor that doesn’t know what vaping is, you’re about to learn something incredibly important. Hint, it is not to be confused with e-cigs.

Hub On AGORACOM / Corporate Profile / Watch Interview!

Why lithium will see another price spike this fall $DGO.ca $BFF.ca $FMR.ca $PFN.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, July 22nd, 2016
  • Lithium has been the hottest metal of 2016, beating out gold,
  • Exponential demand expected over the coming years
  • Fundamentals behind the long-term trajectory suggest strong potential for long-term growth

By James Stafford

July 19, 2016 • Reprints

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Price doubling from 2014-2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12,000-14,000 per ton.

Automotive thrust

There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). As the company’s mission statement outlines, it hopes “to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible.”

However, since 2014, when Tesla first announced the Gigafactory with Panasonic, other manufacturers have begun to take notice and take action. Volkswagen AG announced last week that it was considering LG Chem Ltd. or Panasonic Corp. as partners for several $2 billion factories, according to Bloomberg, with confirmation expected later in the year.

Previous announcements of billion-dollar investments in battery factories by Volkswagen were largely brushed off by investors as deflections from their “Dieselgate” scandal. But with LG and Panasonic in the picture, concrete plans appear to be crystalizing.

Combined with Daimler putting $550 million into tripling its battery production capacity in Germany, Nissan’s planned investments in the UK for its third generation Leaf, and GM’s joint venture with LG Chem to produce batteries in Holland, Michigan, for its Volt and Bolt, it is clear that auto manufactures are beginning to shift to electric—and in a very big way.

Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year Growth in 2016, 60% in 2017, and likely 100% in 2018. This translates into over 600,000 in PEV sales expected in 2018, creating a new level of demand for which the market will need two new lithium mines in operation to even begin to satiate.

“Looking at the full picture here, the future demand for lithium is truly staggering,” says Michael Kobler, CEO and director of American Lithium Corp., one of the ambitious new explorers shaking up the lithium mining scene in Nevada.

Read entire article here: http://www.resourceinvestor.com/2016/07/19/why-lithium-will-see-another-price-spike-fall

American Creek Reports That Tudor Gold Corp. Has Expanded the Electrum Property Drill Program $PFN.ca

Posted by AGORACOM-JC at 9:05 AM on Friday, July 22nd, 2016

  • JV partner, Tudor Gold Corp. expanding the previously announced 2016 exploration program on the Electrum Property in the “Golden Triangle” of NW British Columbia 45km north of Stewart
  • American Creek and Tudor recently entered into a joint venture agreement with Tudor holding a 60% interest and American Creek holding a 40% interest in the project.
  • Tudor is the operator

CARDSTON, ALBERTA–(July 22, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that its JV partner, Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor”) is expanding the previously announced 2016 exploration program on the Electrum Property in the “Golden Triangle” of NW British Columbia 45km north of Stewart.

American Creek and Tudor recently entered into a joint venture agreement with Tudor holding a 60% interest and American Creek holding a 40% interest in the project. Tudor is the operator.

Past work on the property resulted in the discovery of extremely high grade gold, silver and electrum veins on surface and at depth (see American Creek website for details).

The Electrum Project (includes historic East Gold Mine) is located approximately 25km south of Pretivm’s Brucejack Gold Mine, near past operating mines including the Riverside, Scotty Gold, Granduc, Big Missouri and Silbak-Premier. The Electrum is road accessible and is only 45km from world class concentrate shipping port facilities located in Stewart. Also, a new power line running up the valley beside the Electrum property is now being constructed by Pretivm Resources.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
info@americancreek.com
www.americancreek.com

CLIENT FEATURE: Wagering on eSports is projected to hit $23 BILLION by 2020 $GMBL.us

Posted by AGORACOM-JC at 9:50 AM on Thursday, July 21st, 2016

Vgabmlinglarge_copy

(GMBL: OTCQB)

Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or programming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affiliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

Lithium Canada Launches Summer 2016 Lithium Pegmatite Phase One Exploration Program in Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:11 AM on Thursday, July 21st, 2016

  • Phase One Exploration Program to begin Summer 2016
  • Program of Pegmatite Sampling, Prospecting and Mapping planned for the Lithium One, Lithman North and Lithman East Project
  • Numerous historical Pegmatites to be tested for Lithium mineralization
  • Summer Surface Exploration; objective to outline future Drill Programs
  • Utilizing the Prospector Generator Model, the Company is currently seeking participation by interested Option/Joint Venture Partners for its Lithium Projects (see About the Company’s Business Model – Page 2)

Vancouver, BC / July 21, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX-V: PFN; Frankfurt: P7J; OTCQB: PAWEF announces that its 100% owned subsidiary, Lithium Canada Developments will be conducting a Phase One Exploration Program, during the summer of 2016, on three Lithium Projects in southeast Manitoba.

A surface Phase One Exploration Program, consisting of Mapping, Prospecting and Sampling of known Pegmatites, on three of the company’s Lithium Projects, will begin during the summer of 2016. Presently, work permits have been submitted with the government and once granted, the field work will begin. The exploration program planned will lay the groundwork for future Exploration Plans and Drill Programs. Historic records in the region have indicated Lithium mineralization and mineralogy to be present in several Pegmatites, but at the time, exploration was being conducted for other commodities.

The three projects that are being explored this summer will be the Lithium One, Lithman North and Lithman East Projects. All three have previously mapped Pegmatites and are situated in the Winnipeg River Pegmatite Field. This Pegmatite Field hosts the world class Tanco Pegmatite, which has been mined from an underground operation, at the Tanco Mine Site in various capacities, since 1969. It once was one of the primary producers of Spodumene (a primary Lithium ore) in North America.

The Tanco Pegmatite is not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite, hosted in a late-stage, subvolcanic Gabbro. Current NI43-101 compliant resource calculations are not available for the Tanco Pegmatite. Academic publications have estimated the size of the deposit to be up to approximately 57 million tonnes. The last published mineral reserves (end of 1992) were 1.075 million tonnes of 0.12% Ta2O5, 3.5 million tonnes of 2.7% LiO2, and 315,000 tonnes of 23.3% Cs2O.


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Lithium Canada Development Inc. (100% wholly owned Subsidiary of Pacific North West Capital); total land holding in SE Manitoba, as of July 2016: 6,181 hectares (15,274 acres).

Further announcements regarding potential Joint Ventures and other exploration initiatives, on the company’s Lithium Projects, in southeast Manitoba will be forthcoming.

About the Company’s Business Model

“Utilizing the Prospector Generator Model and an aggressive project Acquisition Program, management plans to provide our shareholders with the opportunity to explore and develop a number of Concurrent Exploration Projects. After an initial phase of exploration on our projects, our team plans to partner via Option/Joint Venture Agreements with Major and well-funded Junior companies that want exposure to the Lithium industry.

The Prospector Generator Model reduces risk, share dilution and increases Discovery Potential.”

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the company will use its wholly owned U.S.A subsidiary to Acquire and Develop projects, in active mining camp, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends, with surging demands and limited supply. Going forward, this new Division will explore for the minerals needed, to fuel the demand for energy storage and other core 21st Century Technologies.

The company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project, acquired by the company (PFN News Releases: April 25th, 2016 and May 9th, 2016.) The company also has Hard Rock Lithium projects in Canada (PFN News Releases: April 21st, 2016, May 24th, 2016 and July 5th, 2016), located in the Winnipeg River Pegmatite Field of southeast Manitoba.

Lithium and Platinum Group Metal prices have improved dramatically in recent months. Lithium supplies remain in deficit, relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries, in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the Company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down;
  2. 2.Completed Exploration and Development Programs, on the River Valley property, include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 Drill Program confirms New High Grade T2 Discovery
  5. 5.Exploration and Development Plans outlined for 2016
  6. 6.Exploration and Development Plans outlined for 2016
  7. 7.Exploration and Development Plans outlined for 2016


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  1. 8.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade potential, particularly in the north part of the River Valley deposit

– Resources under evaluation for development potential, as open pit mining operation


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  1. 9.Results for the 2015 Discovery Drill Program, on the T2 Target are as follows:

– Drill hole intercepts much higher than the average grade of current mineral resource estimate

– Possible new mineralized zone at the north end of the River Valley deposit

– Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

Exploration and Development Plans for 2016:

-Mineral Prospecting and Geological Mapping on surface

-Drill Programs targeted to add more higher grade

-Geological interpretation and 2D/3D modeling of all drill and surface results

-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all exploration expenditures up to $300,000.

-Ongoing Strategic Partner Search for River Valley

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the 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.

Mining Minute – Episode 21: Essential History of the Ring of Fire $KWG.ca

Posted by AGORACOM-JC at 11:28 AM on Wednesday, July 20th, 2016

Kwglarge

Mining Minute host Theresa Longo speaks with KWG Resources CEO Frank Smeenk about the History of Ontario’s Ring of Fire.

Namaste Technologies (CSE: N) has closed the acquisition of VaporSeller $N.ca

Posted by AGORACOM-JC at 9:50 AM on Wednesday, July 20th, 2016

 

 

 

Highlights of the acquisition:

  • Increases annualized run rate revenue by approximately 142% to US$5.8 million;
  • Expands customer list by over 150,000 names;
  • Adds new manufacturer relationships and products that will be sold though VaporSeller as well as Namaste’s retail and wholesale division;
  • Provides strategic entrance into the US market.

Namaste Technologies a global leader in vaporizer product manufacturing and distribution, has closed the acquisition of VaporSeller, an e-commerce seller of vaporizers and accessories.

Hub On AGORACOM/ Corporate Profile / Watch Interview

 

Fairmont Exclusivity Period for Grabasa Asset Purchase $FMR.ca

Posted by AGORACOM-JC at 1:30 PM on Tuesday, July 19th, 2016

Logo

  • Fairmont intends to make the final payment on the Grabasa purchase of 2,550,000 Euros to the Spanish courts before the expiry of the exclusivity period on July 25, 2016
  • Transaction itself will remain valid and does not expire after that date, but the courts and receivers will be able to discuss the assets of Granitos de Badajoz with other potential purchasers should Fairmont not complete the payment terms of the purchase

VANCOUVER, BRITISH COLUMBIA–(July 19, 2016) - Fairmont Resources Inc. (TSX VENTURE:FMR)(OTC:FRSSF)(FRANKFURT:F0O1) (“Fairmont”) Fairmont intends to make the final payment on the Grabasa purchase of 2,550,000 Euros to the Spanish courts before the expiry of the exclusivity period on July 25, 2016.

The Grabasa transaction purchase exclusivity period expires 90 days from April 26, 2016. The transaction itself will remain valid and does not expire after that date, but the courts and receivers will be able to discuss the assets of Granitos de Badajoz with other potential purchasers should Fairmont not complete the payment terms of the purchase.

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

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.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
647-477-2382
michael@fairmontresources.ca
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

Nevada Energy Metals Announces Update: American Lithium Corp Joint Venture in Clayton Valley $BFF.ca

Posted by AGORACOM-JC at 8:37 AM on Tuesday, July 19th, 2016

Bff_hub-2_copy

  • Subsequent to the Companies news release of June 17th, 2016, American Lithium Corp. has received TSX-V approval to acquire all of the outstanding shares of 1074654 B.C. Ltd
  • Holds the right to acquire up to a 70 % interest in and to the Clayton Valley BFF-1 project “the Property” located in Nevada.
  • Following the exercise of the Option, the American Lithium Corp shall have a seventy (70%) interest in and to the Property, with Nevada Energy Metals retaining the balance.

July 19, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that, subsequent to the Companies news release of June 17th, 2016, American Lithium Corp. has received TSX-V approval to acquire all of the outstanding shares of 1074654 B.C. Ltd which holds the right to acquire up to a 70 % interest in and to the Clayton Valley BFF-1 project “the Property” located in Nevada.

American Lithium Corp. now assumes the obligations in respect to the previously announced option agreement, which in addition to a non-refundable deposit of USD$25,000 (paid) is USD$2750,000 and 1,200,000 million common shares of American Lithium Corp. in three tranches on or before the second anniversary of closing, and $1-million in exploration expenditures on or before the third anniversary.

Following the exercise of the Option, the American Lithium Corp shall have a seventy (70%) interest in and to the Property, with Nevada Energy Metals retaining the balance. Thereafter, the parties will work diligently and in good faith to negotiate the terms of a joint venture to advance development of “the Property. The joint venture will provide that expenditures on the Property will be funded on a pro rata basis, based upon the respective parties proportionate interest in the Property. In the event that any one party declines to fund the expenditures in proportion to their interest, their respective interest in the joint venture shall be reduced accordingly, provided that no party shall be diluted below a fifteen (15%) interest in the Property.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are delighted to have American Lithium Corp as our partner with which to advance the Clayton Valley property. The BFF-1 Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation and lies only two hundred meters to the north west side of their property. We look forward to an exciting exploration program being carried out in the months ahead.”

About the BFF-1 Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims cover an area of approximately 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is that the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states “The property has strong potential to host Lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)

Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.

Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 project. Bottom hole temperature was 50?C (122?F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that, it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).

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

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

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

On Behalf of the Board of Directors

Rick Wilson, President & CEO

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