Agoracom Blog

Durango Evaluating Additional Ground Adjacent to Nemaska Lithium

Posted by AGORACOM-JC at 9:11 AM on Tuesday, December 1st, 2015

  • Reviewing additional ground adjacent to Nemaska Lithium’s (TSX.V-NMX) proposed open pit Lithium Mine in Quebec
  • Durango currently has ground adjacent to Nemaska Lithium to the east, northeast, west and northwest

Vancouver, BC / December 1, 2015 – Durango Resources Inc. (the “Company” or “Durango”) is reviewing additional ground adjacent to Nemaska Lithium’s (TSX.V-NMX) proposed open pit Lithium Mine in Quebec. Durango currently has ground adjacent to Nemaska Lithium to the east, northeast, west and northwest.

The 2015 Paris Climate Change conference begins this week, and ahead of the conference it was announced in Huffington Post Canada, “Bill Gates $1 Billion Donation Leads Global Clean Tech Energy Campaign”. Within the article it is stated, “Storing electricity is especially crucial for wind and solar power, which can be intermittent because of the weather. Improving batteries is key, and there have been breakthroughs both in technology and production announced this year, including by space and electric car tycoon Elon Musk, whose Gigafactory has begun producing large batteries for home power storage to make solar and wind power more viable.”

A article dated November 3, 2015, titled “Tesla is Already Making Grid Batteries at the Gigafactory” stated “earlier this year Musk said the company had $1 billion-worth or 100,000 in orders, for the grid batteries. Musk has also said that there’s been so much demand for Tesla’s grid batteries that they “went viral”. Previously Musk has estimated that just the grid battery orders could deliver between $40 million to $45 million in sales for the fourth quarter of this year. Sales for the battery business could be “ten times that number next year” — or presumably $400 million to $450 million in a quarter — after that. Beyond next year, the business could reach “a few billion dollars in 2017”, Musk said earlier this year. “It’s sort of growing by a half order of magnitude to an order of magnitude per year.””

Marcy Kiesman stated “The recent announcement by Billionaires such as Bill Gates, Mark Zuckerberg and by the push of the Canadian and United States governments to convert to green non carbon based energy is encouraging. Durango is well poised to focus on elements that provide clean green energy such as lithium, nickel, and cobalt, which are all used in electric vehicles and power storage systems solutions.”

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

For further information on Durango, please refer to its SEDAR profile at

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]


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, execution of a definitive agreement, raising of funds, obtaining regulatory approvals 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

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.

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