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Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Posted by AGORACOM-JC at 9:40 AM on Friday, November 11th, 2016

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  • Completed a third joint venture option agreement
  • Entered into an Option Agreement with LiCo Energy Metals Inc.
  • property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada

November 11, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.

COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”

The geologic setting combined with the presence of lithium in both active geothermal fluids and surface salts within the Black Rock Desert property match characteristics of lithium brine deposits at Clayton Valley, Nevada and in South America. Geothermal fluids adjoining the claims are known to contain anomalous lithium values and a recently completed surface silt sampling program confirmed values containing up to 520 ppm lithium. Although geological work has been undertaken for geothermal energy production in the area, the lithium in brine potential of the playa has not been specifically studied. Initially, the lithium target in this basin was highly conceptual, however, recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine deposit.

Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:

  • -making a payment of US$20,000 immediately upon execution of this Agreement;-making a payment of US$150,000 upon receipt of the Exchange Approval;-completing the issuance to the Optionor of 4,500,000 fully-paid and non-assessable common shares in the capital of the Optionee as follows: 1,500,000 Consideration Shares upon receipt of the Exchange Approval; 1,500,000 Consideration Shares on or before the one (1) year anniversary of the Agreement Date; and 1,500,000 Consideration Shares on or before the two (2) year anniversary of the Agreement Date; and-incurring an aggregate of $1,250,000 in Exploration Expenditures on the Property on or before the three (3) year anniversary of the Agreement Date.

About the Black Rock Desert Property:

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 (5mg/l) 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.

On a separate note, Nevada Energy Metals Corp. recently notified Dajin that it does not wish to pursue the earn-in agreement entered in December, 2015, for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin’s 100-per-cent-owned Alkali Lake property. The Company did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.

The Company also announces that it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 6,000,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.10 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the Exchange policies and will be subject to a hold period of four months and a day.

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 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 – 128 claims (2,560 acres/ 1,036 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.

The World of EV’s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 2:45 PM on Wednesday, November 9th, 2016

  • The World of EV’s Need Massive Supply of High Grade Lithium
  • Experts say that the amount of lithium being produced in North America will not be enough to meet the growing demand for EVs (electrical vehicles) but that some of problem might/might not be alleviated via recycling,

According to a report from the US EPA: “lithium-ion batteries “safe” for disposal in contrast to nickel-cadmium and lead-based battery products.”

Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.

Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.

Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.

The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.

Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.

Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.

There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.

Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.

About 70% of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.

Japan and South Korea (LG is the world’s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,

Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.

Have a terrific week

Source: http://www.livetradingnews.com/world-evs-need-massive-supply-high-grade-lithium-16753.html#.WCN4zcn5GNo

Nevada Energy Metals Reports Significant Lithium Results from Nevada Project $BFF.ca

Posted by AGORACOM-JC at 9:11 AM on Thursday, October 27th, 2016

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  • Announced that highly encouraging results have been received from a sampling program designed to test for lithium values in surface soils and/or playa evaporates at the 100% owned San Emidio Desert Project
  • 172 samples were collected with Lithium values ranging from 30.3 to a high of 600 ppm (30 mg/L to 600mg/L) with a median value of 215 ppm (215mg/L). Thirty-two samples were above 300 ppm (300mg/L) and 13 were over 400 ppm (400/mg/L)

October 27, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that highly encouraging results have been received from a sampling program designed to test for lithium values in surface soils and/or playa evaporates at the 100% owned San Emidio Desert Project.

A total of 172 samples were collected with Lithium values ranging from 30.3 to a high of 600 ppm (30 mg/L to 600mg/L) with a median value of 215 ppm (215mg/L). Thirty-two samples were above 300 ppm (300mg/L) and 13 were over 400 ppm (400/mg/L).

Geochemical sample points were arranged on a grid pattern of seventeen east-west lines spaced 400 meters apart north-south, with stations every 200 meters along the lines. 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 standards were within 3% of their accepted values.

About the San Emidio Desert (SED) Lithium Project:

The San Emidio Desert Project consists of 143 placer claims in total, covering about 1156 hectares (4.5 square miles) of playa and alluvial fan in the San Emidio Desert, Nevada, about 98 air-line km north-northeast of Reno, Nevada. The property is adjacent to the 9 MW Empire geothermal power generation facility of U.S. Geothermal Inc. power and a vegetable dehydration plant exploiting the active geothermal system. Gravity survey results indicate the depth of valley fill to be approximately 1,800 meters and that there is subsurface closure of the valley a short distance to the north of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth’s crust.

The San Emidio Desert results are comparable to those obtained at Clayton Valley, Nevada (300 – 1,100 ppm Li). Additional work is required to determine what relationship, if any, exists between Lithium values in brine concentrates and Lithium values found in surface soils and/or playa evaporates.

Importantly, these results show that dissolved lithium has been transported into this portion of the San Emidio Desert and is available for potential concentration by evaporative brines. The exploration model for the San Emidio Desert Project is a Clayton Valley evaporative brine deposit as described in USGS Open File Report 2013-1006.


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Nevada Energy Metals has acquired 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 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 ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). 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 (TSX-V: DJI), where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometres/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 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.

Nevada Energy Metals Appoints Alan Morris as Geology Advisor $BFF.ca

Posted by AGORACOM-JC at 9:06 AM on Wednesday, October 26th, 2016

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  • Alan Morris, Qualified Person for the Company’s lithium projects in Nevada has been appointed to the Advisory Board of Nevada Energy Metals. He will serve as the company’s Geology Advisor
  • Owner of Ruby Mountain GIS, founded in 2003 and specializing in property and project evaluations and acquisitions
  • Over 37 years of experience in the minerals industry

October 26, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that Alan Morris, the Qualified Person for the Company’s lithium projects in Nevada has been appointed to the Advisory Board of Nevada Energy Metals. He will serve as the company’s Geology Advisor.

Mr. Morris is owner of Ruby Mountain GIS, founded in 2003 and specializing in property and project evaluations and acquisitions. He has over 37 years of experience in the minerals industry, exploring for precious and base metals, uranium, lithium and other minerals in a variety of geologic environments, with an emphasis in the western U.S., particularly Nevada, Alaska, and Yukon, Canada. His experience with lithium brine deposits in western Nevada dates from 2010. He has held exploration geologist positions at various companies during his career, including Gulf Mineral Resources Corp., Fischer Watt Mining Company, Barrick Gold Exploration, Placer Dome Corp., Agnico-Eagle Mines Ltd., U.S. Gold Corp. (McEwen Mining), and Kinross Gold Corp. Mr. Morris has supervised numerous generative and drilling projects including planning, budgeting, permitting, contract administration, reclamation, and reporting. Mr. Morris is a Certified Professional Geologist with the American Institute of Professional Geologists (AIPG), a Licensed Geologist in the state of Utah, USA, and a Registered Professional Geologist in the State of Alaska, USA. Mr. Morris is a fellow with the Society of Economic Geologists, a member and past officer of the Geological Society of Nevada, and a member of the Nevada Mineral Exploration Coalition.

CEO Rick Wilson states “Having worked with Alan Morris on our lithium projects, I am confident that his expertise, especially in the area of Nevada and in the field of lithium exploration, will be a great asset to Nevada Energy Metals as the company continues its aggressive project generator model.”

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 ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). 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 Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; On July 15, 2016 Nevada Energy Metals has agreed to an Option Agreement where LiCo Energy Metals (TSX-V:LIC) can acquire a 100% interest, subject to a 3% Net Smelter Royalty, in 348 of 911 mineral claims located in Dixie Valley, Churchill County, Nevada. 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 contents of this release.

Nevada Energy capitalizing on what Goldman Sachs calls the new gasoline in the electric vehicle revolution – lithium $BFF.ca

Posted by AGORACOM-JC at 9:32 AM on Tuesday, October 18th, 2016
Closeup of an electric car plug while recharging. High quality 3D rendering.Similar images:
  • Works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory
  • Lithium has become a permanent topographic feature of the Nevada economic landscape
  • By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013

Nevada Energy Metals Inc. (TSXV: BFF | OTCQB: SSMLF | Frankfurt: A2AFBV) is capitalizing on lithium, what Goldman Sachs calls the new gasoline as an enabling commodity in the electric vehicle revolution. It is approaching the market smartly to minimize risk, keep overhead low and maximize shareholder value.

Nevada Energy is an exploration company focused on the acquisition and exploration of brine lithium projects in the world-class mining jurisdiction of Nevada. But Nevada Energy found its own way to minimize risk and leverage others money to capitalize on brine to supply the expanding lithium demand.

Nevada Energy works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory.

Lithium has become a permanent topographic feature of the Nevada economic landscape. Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin battery cell production by the end of this year. By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.

To service this market Nevada Energy has acquired mineral rights to 7 properties in Nevada,

  1. A 100% option-outagreement, 3% net-smelter royalty of the Dixie Valley Project (348 of 910 total claims covering 7,363 hectares/28.4 square miles) to LiCo Energy Metals (LIC.TSXV), covering the majority of the Humboldt Salt Marsh playa in Churchill County, Nevada;
  2. Acquisitionof 100% of the Big Smokey Valley Project (160 placer claims covering 3,200 acres/1,295 hectares) located in Nye County, Nevada;
  3. Acquisitionof 100% ownership in the Black Rock Desert Project (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada;
  4. A 70/30farm-out option JVto American Lithium Corp (LI.TSXV) on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America;
  5. Acquisition of 100% in the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada;
  6. Acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada;
  7. Acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.

Nevada Energy uses three time-tested approaches to maximize shareholder value:

  1. It teams up with other companies for exploration and development. This permits Nevada Energy to leverage its funds;
  2. It has formed an advisory board to streamline the selection, management and development of its lithium projects; and,
  3. It keeps overhead low even as it is well capitalized.

Incidentally, Goldman Sachs is both right and wrong about lithium being the next gasoline: the properties of lithium make it the best possible atoms for energy storage. Lithium is the lightest solid element on earth with double the energy density of the next closest alternative; it is also one of the most abundant elements on earth. These unique properties ideally position it for portable energy storage applications that will be a key enabler of the electric car revolution and replace gasoline as the primary source of transportation fuel.

Gasoline is a source of energy. But lithium is not and will never be until such time as we change the physical laws of the universe, which is safe to assume won’t happen during the four-year term of the next president of the United States.

Lithium is an atom that has the ability to store energy. It stores joules from solar, fossil, hydroelectric sources or nuclear. In reality Nevada Energy aims to provide the fuel tank to electric vehicles.

Source: http://investorintel.com/cleantech-intel/nevada-energy-corp-smart-moves-to-provide-gas-tank-to-electric-vehicles/

FEATURE: Nevada Energy Metals (TSXV:BFF) Growing Exploration Portfolio in Nevada’s Lithium Hub $BFF.ca

Posted by AGORACOM-JC at 10:45 AM on Wednesday, October 12th, 2016

TSX-V: BFF, OTC Pink: SSMLF

Growing Exploration Portfolio in Nevada’s Lithium Hub

Overview

Nevada Energy Metals (TSXV:BFF) (OTQB:SSLMF) (Frankfurt:A2AFBV) is an exploration company focused on the acquisition and exploration of lithium brine projects in the world-class mining jurisdiction of Nevada. To date, a number of highly attractive prospects have been investigated and approved for immediate acquisition. An advisory board has been formed to better assist in the selection, management and development of these lithium projects.

The Company has recently completed:

(1) a 100% option-out agreement, 3% net-smelter royalty of the Dixie Valley Project (348 of 910 total claims covering 7,363 hectares/28.4 square miles) to LiCo Energy Metals (LIC.TSXV), covering the majority of the Humboldt Salt Marsh playa in Churchill County, Nevada;

(2) acquisition of 100% of the Big Smokey Valley Project (160 placer claims covering 3,200 acres/1,295 hectares) located in Nye County, Nevada;

(3) acquisition of 100% ownership in the Black Rock Desert Project (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada;

(4) a 70/30 farm-out option JV to American Lithium Corp (LI.TSXV) on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America;

(5) acquisition of 100% in the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada;

(6) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada;

(7) the acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.

Press Release Highlights

  • Announced significant lithium results from initial surface exploration at Black Rock Desert
  • Tim Fernback has joined the company as the CFO
  • Randy Avon has joined the advisory board for the company
  • Paid full annual Bureau of Land Management (BLM) fees for all seven projects
  • Agreed to Joint Venture on the Clayton Valley BFF-1 Lithium Project with American Lithium (LI.TSXV)
  • Agreed to an Option Agreement with LiCo Energy Metals (LIC.TSXV) at the Dixie Valley Project.
  • Completed upgrade to the OTCQB® Venture Market
  • Expanded the San Emidio Project and will being a lithium exploration survey, with results available in Fall 2016

Investment Highlights

  • Fully-funded with a strong balance sheet
  • Successful project generator model provides cash flow for ongoing expenses
  • Nevada ranks 3rd in the world for mining and 1st in the United States
  • Formed an advisory board for ongoing aggressive acquisition policy of new lithium targets in Nevada

Key Properties in Nevada’s Lithium Hub

Investment bank Goldman Sachs recently called lithium “the new gasoline,” and the silver alkali metal is one of the few commodities on an uptrend in the face of a long economic downturn. Lithium prices grew by 20 percent in 2014 and posted another 22 percent in gains for 2015.

Nevada Energy Metals’ mission is to build shareholder value through the aggressive acquisition of lithium exploration projects in Nevada’s Lithium Hub which includes Clayton Valley. In this same region, Tesla is building a $5 billion lithium-ion battery gigafactory and Faraday Future recently struck a deal to build a $1 billion electric car plant.

Nevada Energy Metals’ corporate objective is to own 100% of all newly acquired projects with little to no cash, share or royalty considerations or exploration commitments payable to third parties. Their mandate is to be the prime Nevada project generator negotiating joint venture partnerships to make all future exploration expenditures while maintaining the ability to “cherry pick” several projects to develop 100% in house.

Dixie Valley Project

  • The Dixie Valley Project has optioned-out 348 claims with a 100% interest, 3% Net Smelter Retention Royalty to LiCo Energy Metals (LIC.TSXV). Nevada Energy Metals has received cash payments of $200,000. Nevada Energy Metals has also received 2 million shares of Wildcat Exploration with a potential for another 4 million shares over the next 2 years.
  • The six Dixie Valley claim blocks cover the majority of the Humboldt Salt Marsh playa located in Dixie Valley, Churchill County, Nevada about 160 km east northeast of Reno. There are 910 placer claims in total, covering about 7,363 hectares (28.4 square miles) of playa and alluvial fan.
  • The entire basin is about 98 km long and up to 16 km wide. Humboldt Salt Marsh, the central playa is about 10 km northeast – southwest and 6 km east – west.
  • Dixie Valley is home to a large and long-lived geothermal system that is still active. The Caithness Dixie Valley geothermal plant, about 18 km northeast of the center of the playa, is currently producing about 66 megawatts of power.
  • Hot Springs and other active geothermal features extend about 30 km roughly north – south along the range front fault. The heat source appears to be very deep circulation into the crust
  • Of seven characteristics of Lithium Brine deposits outlined in the USGS deposit model, all seven are found in Dixie Valley; however very little exploration work has been directed at lithium in this area. The lithium target model for Dixie Valley is a Clayton Valley style playa brine type deposit.

In the area of the Humboldt Salt Marsh Playa, the valley appears to be about 2,000 meters deep.

Black Rock Desert Project

  • The Black Rock Desert Project consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada.
  • On Aug 31st 2016 Nevada Energy Metals Announced that encouraging results have been received. Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.
  • As a result of encouraging lithium values at the Black Rock Desert, the company has dispatched a crew to expand its land position by staking additional claims.
  • 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
  • The property is 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.
  • Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

BSV Lithium Project

  • The BSV Lithium Project consists of 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada, 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley.The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.
  • Gravity survey results indicate the depth of valley fill calculated to be approximately 5,100 feet and that there is subsurface closure of the valley as short distance to the south of the claim block.
  • Gravity data also indicates the presence of subsurface structural features associated with three of the known high temperature geothermal systems in the area and the basin is fed by geothermal brines that are meteoric waters heated by relatively deep circulation in the earth’s crust.
  • Initial surface sampling has been completed. On August 31, 2016, lithium results were equal to the historical sampling results provided by the J.R. Davis, USGS.The Company analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm (the median value being 116 ppm)
  • Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Alkali Lake Project

  • Located 12 km (7.5 miles) northeast of Clayton Valley
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.
  • Gravity surveys indicate the presence of two deep-seated basins on the Property. The first is a circular basin, roughly 1,200 meters (4,000 feet) below surface. The second estimated to be 3 km (1.9 miles) to the east at a depth of about 1,000 to 1,200 meters (3,000 to 4,000 feet).
  • Like Clayton Valley, Alkali Lake is a textbook fault-bounded, enclosed basin. Interestingly, in the southern part of the Alkali Lake basin is Alkali Hot Springs, an active geothermal system. Hot circulating fluids from geothermal resources dissolve rocks, freeing lithium and other minerals and carrying them up towards surface.
  • Based upon due diligence conducted to date, Nevada Energy Metals is pleased to be pursuing an opportunity to earn a 60% interest in the property from Dajin resources Corp.

Teels Marsh West Project

  • Consists of 100 claims covering 2000 acres (809 hectares), located on the western part of a large evaporation pond, or playa (also known as a salar) approximately 48 miles northwest of Clayton Valley.
  • Highly prospective for Lithium brines.A USGS geochemical survey conducted in 1976 reported lithium values as high as 850 ppm from samples taken from springs marginal to these fault structures.
  • Direct evidence of an active geothermal system in the Teels Marsh area has recently been gathered by researchers at the Nevada Bureau of Mines and Geology, University of Nevada, Reno and the Desert Research Institute.
  • Two geothermal temperature anomalies have a combined strike length parallel to the fault of almost 4 km.
  • The company’s management and technical team are currently looking forward to a late 2016/early 2017 exploration program.
  • Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

San Emidio Li Project

  • The San Emidio Li Project consists of 155 placer claims (approximately 3100 acres) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno the home of Tesla Corporation’s new lithium-ion battery Gigafactory.
  • The San Emidio Desert basin is an alkali playa environment underlain by unconsolidated sediments and clays being fed by lithium bearing geothermal fluids (US. Geothermal analyses) reported in bounding faults, and/or faults along the east side of the basin. Since mid-Tertiary, the rocks on the eastern edge of the San Emidio Desert have undergone extensive hydrothermal alteration and the presence of near-surface thermal fluids, suggest that the thermal fluids represent deep circulation of meteoric water (Moore, J.N., 1997).
  • The property adjoins the Empire geothermal power plant with production of 4.6 MW of electricity from a 155°C resource thereby providing a substantial heat source for the circulation of meteoric groundwater believed important in the formation of lithium brine deposits as found at Clayton Valley.
  • The company has just announced initial surface sampling program to commence on October 4, 2016.
  • Previous work by other operators exploring the playa have reported lithium value in sediments up to 312 ppm and the average of sampling being in the order of 250 ppm.
  • Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.


Clayton Valley BFF-1 Lithium Project

  • The Clayton Valley BFF-1 Lithium Project southern boundary lies 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations. It is also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource NI 43-101 announced in July 2015.
  • The Clayton Valley Project has optioned out a 70% interest to American Lithium Corp (LI.TSXV), and Nevada Energy Metals has received a cash payment of $100,000 USD, and will receive another $200,000 USD over the next 2 years. Exploration expenditures of $1,000,000 USD from American Lithium Corp will take place over the next three years. American Lithium Corp’s “going public transaction” is now also complete, and Nevada Energy Metals will receive 1,200,000 shares over the next 2 years.
  • On September 20, 2016 American Lithium Corp, the Optionee of the Company’s Clayton Valley BFF-1 Project, has been advised that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.
  • Shallow thermal-gradient drilling and lithium-exploration drilling by previous operators demonstrated that the area underlying this property contained Clayton Valley’s highest subsurface temperatures.
  • Within the boundary of the claim block, a drill hole by Western Geothermal Partners 2007 logged as WGP#2 reported as follows: “From 280 – to 305 feet, fine grained green sand and silt logged as volcanic ash was encountered. This unit may be correlative to the Main Ash Aquifer, which is a marker bed in other areas of the Clayton Valley Basin.”

Management

Rick Wilson – Director, President, CEO

 

Rick Wilson has been in the mining and natural resource industry for over twenty years. Since 2006, Rick has been the President of Regent Ventures Ltd., a company engaged in the acquisition, exploration and development of mineral resource properties. Prior to serving as its President, Rick was a director of Regent Ventures from 1993 to 2006. Rick is also a director of Wildcat Exploration Ltd.

Tim Fernback – Chief Operating Officer (COO), Director

 

Mr. Fernback possesses over 20 years of experience in financing and managing public and private small-cap companies throughout North America. Previously he has held multiple senior executive positions, including oversight of the Investment Banking and Corporate Finance Divisions at Wolverton Securities, formerly Western Canada’s oldest brokerage firm. He was also responsible for the consulting practice at Discovery Capital Corporation, a prominent British Columbia venture capital firm that specializes in financing and consulting. At Wolverton Securities, Mr. Fernback was responsible for due diligence reviews on corporate clients and investment banking business development relationships for over 6 years. He planned and opened 3 regional offices in western Canada and reviewed and analyzed over 300 corporate clients for funding within the financial services industry raising over $750M. Responsible for over 50 IPOs and over 100 Reverse-Mergers on the TMX and Nasdaq, Mr. Fernback represented Wolverton nationally on various stock exchange committees and industry groups, including the Corporate Finance Advisory Group and Underwriting Groups on various Canadian Exchanges. Mr. Fernback also currently serves as a Director for several Canadian mining companies. He holds an Honours B.Sc. from McMaster University, and is a graduate of the Sauder School of Business at the University of British Columbia, where he completed a MBA with a concentration in Finance. Mr. Fernback also holds a Certified Professional Accounting Designation (CPA, CMA) and is an active member of many industry and trade organizations in Vancouver.

 

Jay Oness – Director

Mr. Oness has extensive experience in all aspects of corporate management with particular strengths in strategic planning, business development & investor relations for public companies. He has served as a Director, senior executive and consultant to public companies in resource and non-resource sectors over a successful 20 year career. He’s currently a Director & COO of El Nino Ventures Inc., COO of Next Gen Metals Inc., and SVP Business & Corporate Development of Pacific North West Capital Corp.

Ali H. Alizadeh—Director

Ali Hassan Alizadeh is a senior geologist possessing extensive experience in mineral exploration and project management. He graduated with a Geology degree in 1991 a M.Sc. in Petrology in 1995 and an MBA at Queen’s University in 2010. Building on his experiences as Project Geologist and Project Manager, Alizadeh has been responsible for a number of uranium, gold and base metal projects during his exploration career with various exploration companies. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia.

Robert Guanzon -Chief Financial Officer (CFO), Director

 

Mr. Guanzon, CPA, CMA, has been in the field of accounting for more than 25 years. He has been involved in the financial reporting of junior mining exploration companies, pharmaceutical manufacturing business, research & development, real estate/property management, and project building construction. Mr. Guanzon holds a Bachelor’s degree in Accounting, a Certified Public Accountant (Philippines) and a member of Chartered Professional Accountants British Columbia. He brings extensive experience in dealing with financial matters and corporate strategy.

 

Tina Whyte – Corporate Secretary

 

Tina Whyte brings over 20 years of experience in the corporate and securities industry. Her expertise spans to areas of corporate governance, continuous disclosure, financing transactions and regulatory filings and compliance. Ms. Whyte holds corporate secretary positions with other publicly listed companies.

 

Advisory Board

 

Randy Avon

Advisor

 

Randy is CEO and Managing Director of Asian Pacific Development Corp “Asian Pacific” (APDC), a multinational business development and investment banking company. Asian Pacific, with its global partner network, has completed over 18 billion dollars in global infrastructure projects in 22 nations during the past 3 decades. These projects are mostly public/private partnerships that utilize debt, equity, and cooperative funding. He is also the former CEO of Corporate & Financial Consultants (CFC), Florida Fixed Income Corp, the Ft. Lauderdale Kunshan China as well as the Aruba World Trade Centers and Gateway International Trading Partners LLC. He has served on the board of directors for multiple multi-national companies. Mr. Avon is a former member of the Florida Legislature, formerly President and CEO of four World Trade Centers and Corporate and Financial Consultants (CFC). CFC completed over $8 Billion of infrastructure projects with E.F.Hutton and Prudential Bache prior to forming APDC. Randy Avon was also a former Florida Legislator, State President of the Florida Jaycees, Charter President of the Florida JCI Senate, and was named one of Florida’s Five Outstanding Young Men. He has served as a Presidential Advisor, was the Chairman of the Florida/Colombia Alliance, and was honored by the U.S. State Department with the James McKeithan Award for International achievements in the private sector. He chaired the Organization of American States (OAS) meeting in the United States in 2005 and has been a U.S. delegate to the past four Summits of the Americas. Mr. Avon’s background is deeply rooted in community involvement, civic, and citizen diplomacy achievements. He served as a distinguished member of the Florida Legislature and was the previous Chairman of the Florida/Colombia Alliance. He has been listed in Marquis’ Who’s Who in American Politics, Community Leaders of America, Outstanding Young Men of America, Marquis’ Who’s Who in Finance and Industry, and was named as a recipient of the 2007 Global Leaders Award. He was named one of south Florida’s “100 Most Powerful International Leaders” by South Florida CEO Magazine.

J Malcolm Bell

Advisor – Project Acquisitions

Mr. Bell has over 45 years of resource industry experience either as principal, director, or senior officer of private and public companies. In 1980, he founded Hi-Tec Resource Management Ltd., a successful minerals exploration company providing geological services in Canada, the USA and South America. In 1986, he founded the International Investment and Business Opportunities Exposition, the first investment trade show company in Canada providing private and public companies the opportunity to showcase themselves to an international audience.

In 1997, he co-founded British Canadian Mines Ltd., at the time the largest privately held mineral exploration company in Newfoundland; subsequently completed a $13-million reverse merger into Canaco Resources Ltd. In 2002, he helped negotiate a $20-million merger between Olympic Resources Ltd and Whittier Energy Corp., and in 2003, he co-founded PB Energy Partners, an oil and gas exploration partnership. Currently, Mr. Bell heads a private Vancouver based consultancy that sources projects and capital for companies engaged in mining, renewable energy and technology ventures.

Jeremy Poirier

Advisor

 

Mr. Poirier has been providing a range of investor awareness and advisory services for both public and private companies since 2004. Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies. Through his network and market expertise Mr. Poirier has facilitated capital raising efforts as well as successful asset acquisition and corporate development undertakings.

Bill Macdonald

Advisor

Mr. Macdonald is a founder and principal of Macdonald Tuskey, Corporate and Securities Lawyers, a boutique securities and corporate finance firm located in Vancouver, British Columbia established in April 2008. Prior thereto, from February 1998 to April 2008, Mr. Macdonald was a partner with Clark Wilson LLP and a member of the firm’s Corporate Finance / Securities Practice Group. Since May 2008 Mr. Macdonald has been a director of Blackbird Energy Inc., an oil and gas exploration company listed on the Exchange and was also the President of Blackbird from May 2008 until February 2013. In addition, Mr. Macdonald currently serves as a director of Viscount Mining Corp., a position he has held since October 2011, a director of Patriot Petroleum Corp. since December 2015 and a director and founder of Black Lion Capital Corp. since its inception on January 20, 2015. Mr. Macdonald was also previously a director of First Americas Gold Corporation, formerly Pannonia Ventures Corp. and Benz Capital Corp. Mr. Macdonald has been a member of the Law Society of British Columbia since February 1998 and a member of the New York State Bar since February 2002.

 

 

 

 

 

James Hellwarth

Advisor

 

Mr. Hellwarth of Orlando Florida is currently a managing partner a Xander Capital where he has been instrumental in establishing and developing relationships with high net worth individuals and organizations. Mr. Hellwarth has been involved in business development and strategy of small cap companies for over 11 years. He has helped raise capital and create new opportunities for his clients. Through his extensive network of colleagues and individuals, Mr. Hellwarth will be able to assist in potential capital raises necessary for moving the company forward.

Nevada Energy Metals Starts Lithium Exploration Survey at San Emidio Desert, Nevada $BFF.ca

Posted by AGORACOM-JC at 9:05 AM on Tuesday, October 4th, 2016

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  • Sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at the Company’s 100% owned San Emidio Desert property
  • Geochemical sample points are being arranged on a grid pattern of eighteen lines spaced 400 meters apart with stations every 200 meters along the lines
  • Expected that 172 sample points will be measured. Results should be available in approximately three weeks

October 4, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that a sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at the Company’s 100% owned San Emidio Desert property. Geochemical sample points are being arranged on a grid pattern of eighteen lines spaced 400 meters apart with stations every 200 meters along the lines. It is expected that 172 sample points will be measured. Results should be available in approximately three weeks.

About the San Emidio Lithium Project:

The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno. The San Emidio Desert basin is an alkali playa environment underlain by unconsolidated sediments and clays being fed by lithium bearing geothermal fluids (US. Geothermal analyses) reported in bounding faults, and/or faults along the east side of the basin. Since mid-Tertiary time, the rocks on the eastern edge of the San Emidio Desert have undergone extensive hydrothermal alteration. The presence of near-surface thermal fluids suggest that the thermal fluids represent deep circulation of meteoric water (Moore, J.N., 1997). The property adjoins the Empire Geothermal Power Plant “Empire” with production of 4.6 MW of electricity from a 155?C resource thereby providing a substantial heat source for the circulation of meteoric groundwater believed important in the formation of lithium brine deposits as found at Clayton Valley, Nevada, host to North America’s preeminent lithium brine production. US Geothermal has reported anomalous lithium values in the trace element analysis of their geothermal brines at Empire.

Nevada Energy Metals has acquired a 100% interest in the San Emidio Desert 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 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 ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). 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 Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; On July 15, 2016 Nevada Energy Metals has agreed to an Option Agreement where Wildcat Exploration Ltd. (TSX-V:WEL) can acquire a 100% interest, subject to a 3% Net Smelter Royalty, in 348 of 911 mineral claims located in Dixie Valley, Churchill County, Nevada. 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 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.

WEEKEND FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:44 PM on Friday, September 23rd, 2016

TSX-V: BFF, OTC Pink: SSMLF

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Lithium prices increased by about 20% in 2014 and by a larger percentage in 2015 when gas, coal and natural gas were down 50%
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020
  • Aannounced that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Company acquired 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Township 13N., Range 43E, Nye County, Nevada.

BSV Property:

Big Smokey Valley is situated in central Nevada. It begins at a point 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley to the west of Tonopah. Hydrologically and topographically the valley is divided into northern and southern sections by a physiographic high near the mining community of Round Mountain. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.
  • Completed an orientation survey
  • Collected twenty-seven shallow auger sediment samples
  • Lithium values ranged from 8.9 to 104.5 ppm. The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

Soil Survey Shows Strong Lithium Results at the Nevada Energy Metals Black Rock Desert Project $BFF.ca

Posted by AGORACOM-JC at 8:20 AM on Thursday, September 22nd, 2016

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  • Announced that a surface sampling program designed to test for lithium (Li) values in playa evaporates
  • Returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada

Vancouver, British Columbia / September 22, 2016- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that a surface sampling program designed to test for lithium (Li) values in playa evaporates has returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada. Geochemical sample points were arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. One hundred and seventy (170) soil samples were collected. Results ranged from 82.8 to 520 parts per million (ppm) lithium with a median value of 182 ppm. Twelve samples carried over 300 ppm Li.


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The Black Rock Desert results are comparable to those obtained at Teels Marsh, Nevada by Dajin Resources Corp. (55 -460 ppm Li) and in clay separates at Clayton Valley, Nevada (300 – 1,100 ppm Li). It is not known what relationship if any exists between lithium values in clay concentrates and those in bulk soil samples.

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.

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 standards were within 3% of their accepted value of 750 ppm.

As a result of encouraging lithium values at the Black Rock Desert, the company has dispatched a crew to expand its land position by staking additional claims.

About the Blackrock Desert Lithium Project:

The Black Rock Desert Lithium Project consists of 128 placer claims, (2,560 acres/ 1,036 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 acquired 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 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 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.

Nevada Energy Metals Inc. Clayton Valley BFF-1 Project Update $BFF.ca

Posted by AGORACOM-JC at 9:22 AM on Tuesday, September 20th, 2016

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  • American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.

September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)

American Lithium Corp. holds the right to acquire up to a 70% interest in and to the Clayton Valley BFF-1 Project by making staged cash payments in the amount of USD$275,000, issuing 1,200,000 million common shares of American Lithium Corp in three tranches and incurring USD$1,000,000 in exploration expenses on or before the third anniversary date of the agreement.

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 BFF-1 property. The Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation, the border of which, lies only two hundred meters to the south east. We look forward to an exciting exploration program in the months ahead.”

About the Clayton Valley Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims encompassing 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 50C (122F) 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 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.