Agoracom Blog

AGORACOM Welcomes (FMR: TSX-V) With Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine $FMR.ca

Posted by AGORACOM-JC at 1:13 PM on Thursday, May 26th, 2016

Logo

  • Property is located approximately 60 km north of Val d’Or Quebec.
  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
  • Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m
Recently Announced Industrial Minerals business in Spain
Fully operational processing and finishing facility with 250,000 square metres of annual production capacity
  • Demand has been increasing in recent years and is currently strong in Europe, Asia, and North America for Granite and industrial minerals.

  • Modernized Granite processing facility worth millions of Euros http://www.fairmontresources.ca/gallery-gf.php
  • FMR receiving strong interest from finance parties in Europe, U.S., and Canada to fund up to 8m euros ($12m CDN) in senior secured debt to complete the acquisition and provide the company with a large operating cash cushion.

GRABASA

  • Fully operational processing and finishing facility, the former assets of Granitos de Badajoz S.A.
  • 250,000 square metres of annual production capacity
  • Total acquisition cost of EUR4.275 million
  • Mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe

Hub On AGORACOM / Corporate Profile / Read Release

Tags: , , , , , ,

Comments are closed.