- Further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website.
- To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.
Vancouver, BC / May 25, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website. To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.
The lithiumxchange.com website is directed to a green-related audience and was created as an information and news source on green-energy-related lithium products.
Numerous developments related to lithium products have been announced globally in recent weeks:
- -Apple (Q-AAPL) may be working on its own electric vehicle news story on May 12, 2016, http://www.macworld.co.uk/news/apple/will-apple-make-icar-project-titan-rumour-roundup-ford-tesla-budget-3425394/ and has hired an inventor from Google (Q-GOOG), http://qz.com/677086/apple-hired-a-google-inventor-who-had-been-working-on-electric-vehicle-charging/;
- -On May 10, 2016, the British engineering firm, Dyson (London-DYS) has applied for patents related to use of “metallic lithium”, http://www.theguardian.com/environment/2016/may/11/dysons-electric-car-development-could-become-the-next-tesla;
- -Linamar (T-LNR) announced it is preparing for electric vehicles, http://www.theglobeandmail.com/report-on-business/industry-news/auto-parts-maker-linamar-preparing-for-the-age-of-electric-vehicles/article29958242/;
- -Singapore will now offer rebates to consumers who purchase an electric vehicle and Singapore has also committed to providing 2,000 electric charging points as reported, http://www.eco-business.com/news/singapore-to-install-2000-charging-points-islandwide-for-electric-cars/; and
- -A report from Japan that electric vehicle charging stations now outnumber petrol stations, http://cleantechnica.com/2016/05/12/electric-car-charging-sites-gas-stations-japan/.
Marcy Kiesman, CEO of Durango, comments, “Durango is uniquely focused to capitalize on the growing lithium industry worldwide. The lithiumexchange.com website provides us with a platform to showcase our position in this industry and we look forward to building our profile in this platform. We are working with our geological team to finalize exploration programs on our lithium properties and will be providing detailed updates for these plans in the near future.”
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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