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St-Georges Eco-Mining $SX $SX.ca $SXOOF Announces #Lithium Extraction Technology Licensing Agreement with Hipo Resources Ltd. for DRC Project

Posted by AGORACOM-JC at 4:27 PM on Wednesday, August 8th, 2018

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  • Signed a binding term sheet with Hipo Resources Ltd (ASX: HIP), a public company based in Australia
  • In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into, Hipo Resources Ltd. will issue to St-Georges up to 27,000,000 common shares of its capital stock.

Montreal, Quebec /  August 8, 2018 – St-Georges Eco-Mining Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has signed a binding term sheet with Hipo Resources Ltd (ASX: HIP), a public company based in Australia.

St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Hipo’s Democratic Republic of Congo lithium project in separation, recovery, and purification of lithium from its lithium-bearing material.

In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into, Hipo Resources Ltd. will issue to St-Georges up to 27,000,000 common shares of its capital stock. The issuance will be done in stages over a 36-month period commencing on the date of execution of the definitive agreement, contingent on St-Georges reaching certain performance benchmarks over the 36-month period according to the schedule below:

1,500,000 shares at signing

8,500,000 shares at Stage 1 Benchmark completion: which is defined by the delivery of an independent laboratory report commissioned by St-Georges, indicating positive viable lithium recoveries.

8,500,000 shares at Stage 2 Benchmark completion: defined by independent report describing results of initial pilot mining operations and the processing of a minimum of one (1) metric ton in a simulated industrial environment.

8,500,000 shares at Stage 3 Benchmark completion: defined by the receipt of either: a Preliminary Economical Assessment Report (PEA); a commercialization decision; the third (3rd) year anniversary of this agreement assuming all other issuances have been made.

St-Georges has agreed that shares issued will be subject to a 36 months escrow period.

The Parties will establish a royalty stream on the commercial output of the Kamola Lithium Project for the entire mine life subject to Hipo using St-Georges technology, which will be opposable to any successors of Hipo as a lien on the mining assets. St-Georges and Hipo will negotiate a right of first refusal in favour of Hipo. The royalty, of which further details will be defined in the definitive agreement within the guidelines of the “Royalty Formula” of the binding term sheet, will take the form of a 5% Net Revenue Interest or Net Revenue Return.

A further news release will be disseminated once the definitive agreement has been concluded. The definitive agreement will be subject to acceptance of the board of directors of both companies and subject to review by regulatory authorities.

Enrico Di Cesare, VP, Metallurgy & Director of St-Georges commented “St-Georges continues to apply innovation with known technologies coupled with newly developed technologies to address gaps for the recovery of non-traditional lithium resources. Our focus remains greener, less chemicals and more usable by-products unlocking value in non-traditional resources as the next generation of lithium supply to the growing battery market and its needs for this commodity.

Di Cesare further stated “Innovation is being applied to concentrating Lithium in Bonnie Claire clay in Nevada USA, which is owned by Iconic Minerals Ltd (TSX-V: ICM). In addition, St-Georges is also looking to initiate development with similar strategies for hard rock deposits in North America and other parts of the world. We do value and look forward to working with Hipo Resources in advancing the lithium potential of their DRC project.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Enrico Di Cesare”

ENRICO DI CESARE, DIRECTOR, VICE-PRESIDENT RESEARCH & DEVELOPMENT

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry. The Company controls directly or indirectly, through rights of first refusal, all the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Head quartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

New Age Metals $NAM.ca /Azincourt $AAZ.ca Energy Begin $600,000 Field Exploration Program on Lithium Two Project, in South East Manitoba, Winnipeg River Pegmatite Field $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:58 AM on Thursday, June 14th, 2018

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-The New Age Metal/Azincourt Option – Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). The Option/Joint Venture has eight projects in this large pegmatite field and are exploring for lithium-bearing pegmatites and Rare Metals.

– Field exploration is underway which includes further ground proofing to better outline drill targets on the Lithium Two Project. Past historical drilling has outlined the Eagle Pegmatite (one of several pegmatites on the project). In 1947 a previous operator reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and which was reported as open along strike and to depth. The Eagle Pegmatite is not 43-101 compliant.

– Management feels based on the geological history of the Lithium Two Project, and more specifically the Eagle Pegmatite target, that it is drill ready but management also believes a more in depth field review and geological mapping and sampling program on this large pegmatite would help our technical team to better understand how to pinpoint the summer 2018 drill holes.

– The overall objective for the Lithium Two project is to complete a compliant NI 43-101 report by the end of Q1 2019.

– Field surface exploration will commence on the Lithman West Project as soon as the field team completes the work on Lithium Two. Lithium Two is one of the 3 the drill ready projects and is slated to be drilled later in the year.

– NAM’s Lithium Division has a minimum commitment of $600,000 for exploration and drilling in 2018 which is financed by NAM’s option/joint-venture partner Azincourt Energy Corp. (TSX.V:AAZ).

– NAM’s PGM Division: NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM Project.

June 14th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) and joint venture partner, Azincourt Energy, that field exploration is proceeding and underway on the Lithium Two Project in southeast Manitoba.

The field crews have nearly completed the first phase of the 2018 surface field exploration on the Lithium Two Project (see figure 1). This project is situated in the active Cat Lake region of southeast Manitoba. The project contains several known lithium-bearing pegmatites (Figure 2) with the Eagle Pegmatite being the largest known to date.

Historical drilling (43-101 non-compliant) of the Eagle Pegmatite in 1947 reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and opened along strike and to depth. Management feels based on the geological history of the project that it is drill ready but also felt a field review and geological mapping programs and on this large pegmatite would better help our technical team define the existing summer drill targets.

Given the fact The Eagle Pegmatite is traceable on surface up to approximately 1100 meters and up to 12 meters wide. NAM completed a detailed exploration program of the surface pegmatites in 2016 which returned assays up to 3.04% for LiO2 for the Eagle Pegmatite and 2.08% from the FD5 Pegmatite. The 2018 field program consisted of sampling, prospecting and mapping. Assays will be sent out after the completion of field work on the project. Surface exploration will continue onto other Lithium Projects in the joint venture. Drilling is slated for summer 2018.

All eight Lithium Projects in the option/joint venture are located in the Winnipeg River-Cat Lake Pegmatite Field. This field hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine. The Tanco Pegmatite is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and numerous other Lithium-bearing pegmatites exist in the Pegmatite Field. The LCT-type pegmatites can contain large amounts of Spodumene (one of the primary ores used in hard rock Lithium extraction) and are a primary geological target in hard rock Lithium exploration. They also can contain economic qualities of Tantalum and Cesium as well as other Lithium bearing minerals such as Mica.

 


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Figure 1: Lithium Canada Development Southeast Manitoba Project Claim Outline: The Option/Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). Many of the projects have excellent infrastructure and a good ease of access.


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Figure 2: Geology Map of the Lithium Two Project

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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23rd, 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. Management is currently finalizing its selection of a 3rd party engineering company to complete this PEA. This will be the first economic study on the project. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is approximately $2.850 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018).

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

New Age Metals $NAM.ca /Azincourt Energy Acquire 100% of the CATLAKE #Lithium Project, the 8th Lithium Project in Southeast Manitoba/2018 Field Program Initiate $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 9:52 AM on Wednesday, June 6th, 2018

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  1. Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.6 million to $2.850 million. This acquisition will also increase the shares to be issued to NAM from 1.5 million to 1.75 million, and adds an additional 2% royalty for NAM, for a total of eight royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions, see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018.
  2. The recent project acquisition has strengthened New Age Metal/Azincourt Joint Venture position as the largest claim holder in the Winnipeg River Pegmatite Field as they are now in possession of an approximate total of 14,100 hectares (34,800 acres). These Manitoba projects that have excellent infrastructure are located in a mining friendly jurisdiction. The Joint Venture now has eight projects in this large lithium-bearing pegmatite field.
  3. Preliminary field work and additional ground proofing is currently in progress on the Lithium Two Project. The objective of this work is to finalize a drill plan and initiate a drill program, which is slated for Q3/Q4 2018. Management of both companies plan to update their shareholders and interested parties with a complete exploration plans for all eight projects before the end of June and as the summer/fall progresses. The minimum exploration budget for 2018 is $600,000.
  4. Lithium has an ever increasing demand for batteries in electric cars cellphones, laptops, solar storage, wireless charging and renewable energy products.
  5. NAM’s Platinum Group Metals (PGM) Division, more specifically our River Valley PGM project in Sudbury, Ontario, is the largest undeveloped primary platinum group metal project in North America, and management is advancing the project towards its first economic study, more specifically, a Preliminary Economic Assessment (PEA). See news releases dated May 8, 2018 and May 23, 2018.

June 6th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that its wholly owned subsidiary, Lithium Canada Developments (LCD), has acquired a 100% interest in the CATLAKE Lithium Project, by way of staking, in southeast Manitoba. The project has good infrastructure and is located in a region known for mining in the province.

The new CATLAKE Project consists of 9 claims for a total of an approximately 2000 hectares (4950acres) (Figure 1). It is located approximately 24 kilometers directly north of the Tanco Pegmatite. The world-class Tanco Pegmatite has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine.


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Figure 1: CATLAKE Lithium Project Claim Outline

CATLAKE Lithium Project

The CATLAKE Lithium Project is located directly north of the Lithium Two Project. The Lithium Two Project contains several lithium bearing pegmatites with a historic non 43-101 compliant 1947 drilled resource on the Eagle Pegmatite of 545,000 tonnes of 1.4% Li2O to a depth of only 60 meters. Historical reports have suggested that the Eagle Pegmatite is open to depth and along strike. Preliminary field work and additional ground proofing is currently in progress on the Lithium Two Project. The objective of this work is to finalize a drill plan and initiate a drill program, which is slated for Q3/Q4 2018. Management of both companies plan to update their shareholders and interested parties with a complete exploration plans for all eight projects before the end of June and as the summer/fall progresses. The minimum exploration budget for 2018 is $600,000.

The new claims were staked to add to the company’s expanding lithium exploration portfolio and to have a larger presence in the CATLAKE area which has seen an increase in recent exploration activity. Companies such as Quantum Minerals, Mustang Minerals and Equitorial Exploration are also active in this promising new lithium and rare metals region. The new claims are situated north of Quantum Minerals recent claim acquisition. They are staked over portions of the greenstone belt at CATLAKE and along the trend that hosts the Irgon Pegmatite (Quantum Minerals), both which hosts lithium-bearing pegmatites. .

The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg River Pegmatite Field. Several large lithium-bearing pegmatites exist in this historic area and exploration activity in the region is increasing. This pegmatite field is host to the world-class Tanco Pegmatite, which is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and has been mined in varying capacities since 1969. The LCT-type pegmatites can contain large amounts of Spodumene (one of the primary ores used in hard rock lithium extraction) and are a primary geological target in hard rock lithium exploration. They also can contain economic qualities of tantalum and cesium as well as other lithium bearing minerals such as mica.

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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23rd, 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. This will be the first economic study on the project. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The Company has seven pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.6 million to $2.850 million. This acquisition will also increase the shares to be issued to NAM from 1.5 million to 1.75 million, and adds an additional 2% royalty for NAM, for a total of eight royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions, see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

Sales of electric cars #EV soar – over 3 million on the road! #Tesla $TSLA $NAM.ca $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 11:05 AM on Thursday, May 31st, 2018

By Matthew H Tong / 31 May 2018 7:32 pm

  • Demand for cobalt and lithium is increasing and could rise tenfold unless technological advances reduce that figure
  • Over 60% of cobalt in the world is mined in the Democratic Republic of the Congo, where child labour still occurs.

The International Energy Agency (IEA) has released its Global Electric Vehicles Outlook report for this year, which stated that there are currently 3.1 million electric vehicles (EV) on the road today. In fact, the encouraging uptake of EVs over the past year has become the basis for the IEA’s projection that, by 2030, there will be 220 million of such vehicles on public roads.

According to the report, about 1.1 million electric cars were sold in 2017, representing a 54% jump from 2016. Interestingly, over 50% or approximately 580,000 units were sold in China alone. The US also showed significant growth – EV sales more than doubled in 2017 compared to 2016, with over 280,000 units sold in the course of 12 months. In 2016, the figure stood at 120,000 units.

In terms of market share for new sales, Norway tops the chart with 39%, followed by Iceland with 11.7% and Sweden with 6.3%. However, over 99% of electric bus and electric two-wheelers were sold in China.

Given the growth in demand for electric vehicles, it’s not surprising that the demand for charging stations have also been on the rise. In 2017, approximately three million private chargers have been installed at residential and commercial/business properties, whereas nearly 430,000 public charging stations – 25% of which are fast chargers – have been installed as well.

On average, EV sales could climb by 24% each year till 2030. The problem is keeping up with demand – to keep up, the world requires at least 10 more battery gigafactories, Bloomberg said. Demand for cobalt and lithium is increasing and could rise tenfold unless technological advances reduce that figure. Over 60% of cobalt in the world is mined in the Democratic Republic of the Congo, where child labour still occurs.

The IEA credited the growth of EV to “government policy, including public procurement programs, financial incentives reducing the cost of purchase of EVs, tightened fuel-economy standards and regulations on the emission of local pollutants, low- and zero-emission vehicle mandates and a variety of local measures.”

Source: https://paultan.org/2018/05/31/sales-of-electric-cars-soar-over-3-million-on-the-road/

New Age Metals $NAM.ca / Azincourt Energy Acquire Lithman West Extension, the 7th Lithium Project in Southeast Manitoba $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 9:59 AM on Thursday, May 10th, 2018

New age large

1.Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.350 million to $2.6 million. This acquisition will also increase the shares to be issued to NAM from 1.25 million to 1.5 million, and adds an additional 2% royalty for NAM, for a total of seven royalties on the Lithium Projects in this pegmatite field. For additional information on the NAM/AAZ option/joint-venture see the news release dated Jan 15, 2018.

2.The recent project acquisition of this new project has made the New Age Metal/Azincourt Joint Venture the largest claim holder of Lithium in the Winnipeg River Pegmatite Field as they are now in possession of an approximate total of 12,100 hectares (29,900 acres). At present, the Joint Venture has seven projects in the pegmatite field exploring for lithium-bearing pegmatites.

3.AAZ has also agreed to increase the minimum exploration commitment for 2018 from $500,000 to $600,000.

4.The 2018 budget will allow for 2 of the 3 drill ready projects to be drilled and preliminary field work and additional ground proofing to be completed on the project.

5.Lithium has an ever increasing demand for batteries in electric cars cellphones, laptops, solar storage, wireless charging and renewable energy products.

6.On May 8th, 2018, NAM announced a $1.2 million private placement. For further details please click the link here.

May 10th, 2018 / TheNewswire / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) it has acquired 100% of the Lithman West Extension Project, by way of staking, in southeast Manitoba. The project has good infrastructure and is located in a region known for mining in the province.

The new Lithman West Extension Project consists of 12 claims for a total of an approximately 2725 hectares (6734 acres) (Figure 1). It is located approximately 4 kilometers west from the Tanco Mine Site. The world-class Tanco Pegmatite has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine.


Click Image To View Full Size

Figure 1: Lithman West Extension Project Claim Outline: New Age Metals now owns 100% of 7 large pegmatite claims in Manitoba. A minimum of $600k has been committed for 2018 by NAM’s option/joint venture partner Azincourt.

Lithman West Extension Project

The Lithman West Extension Project is located west and south of the Lithman West Project that the company staked in 2016. The two projects cover over 12 kilometers of continuous strike length of the Bernic Lake Formation (the geological unit/formation that hosts the Tanco Pegmatite and several other lithium bearing pegmatites). The Lithman West Project acquisition and staking was focused on covering all the synvolcanic intrusive units (gabbros and diorites) which is the host rock unit of the Tanco Pegmatite, located to the east of the project. The Lithman West Extension Project was designed to cover the remainder of the Bernic Lake Formation’s westward extent from the Tanco Pegmatite.

The Tanco Pegmatite has been postulated to be situated in a limb of a fold. The axial plane trace of this fold runs through both projects and therefore the potential of the area to host a similar pegmatite such as the Tanco Pegmatite is the exploration goal of the Lithman West and Lithman West Extension. There also are several other axial planes of regional folds that run through the project area.

In the area of the Lithman West Extension Project, several known occurrences of pegmatite exposures are present. The pegmatites in the southern portion of the project area are associated with what is deemed the Shatford Lake Pegmatite Group (one of ten pegmatite groups within the Winnipeg River Pegmatite Field). The Silverleaf Pegmatite on the Lithium One Project is also a part of the Shatford Lake Pegmatite Group and it is one of several pegmatites in the Pegmatite Group that contain lithium-bearing pegmatites.


Click Image To View Full Size

Figure 2: The Winnipeg River Pegmatite Field

The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg River Pegmatite Field. Several large lithium-bearing pegmatites exist in this region and exploration activity in the region is increasing (Figure 3). This pegmatite field is host to the world-class Tanco Pegmatite, which is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and has been mined in varying capacities since 1969. The LCT-type pegmatites can contain large amounts of spodumene (one of the primary ores used in hard rock lithium extraction) and are a primary geological target in hard rock lithium exploration. They also can contain economic qualities of tantalum and cesium as well as other lithium bearing minerals such as mica.


Click Image To View Full Size

Figure 3: Idealized outline of the Winnipeg River Pegmatite Field and the location of the world-class Tanco Mine which has been in operation since 1969.

Exploration Plan 2018

Work permits have been applied for with the province of Manitoba for surface exploration. Once the permits are granted, field crews will be mobilized. Exploration on the Lithman West Extension Project will consist of prospecting and sampling the known surface pegmatites and their surrounding areas with the objective to outline new drill targets.

The recent project acquisition of this new project has made the New Age Metal/Azincourt Joint Venture the largest claim holder for Lithium Projects in the Winnipeg River Pegmatite Field. At present, the Joint Venture has seven projects in the pegmatite field exploring for lithium-bearing pegmatites.

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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see March 21st, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The Company has seven pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22nd, 2018 and April 11th, 2018 Press Releases) whereby Azincourt will commit up to $4.35 million dollars in exploration, up to 3.5 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 7 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15th, 2018.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

New Age Metals $NAM.ca /Azincourt Energy Acquire Lithman East Extension, Expands #Lithium Project Portfolio in Southeast Manitoba $LAC.ca $LIX.ca

Posted by AGORACOM-JC at 9:41 AM on Wednesday, May 2nd, 2018

New age large

  • Lithium Canada Development is the 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit an additional $250,000 in exploration expenditures and issue NAM an additional 250,000 shares of AAZ. This increases AAZ’s initial 50% exploration expenditure earn in for AAZ from $2.1 million to $2.350 million. This acquisition will also increase the shares to be issued to NAM from 1 million to 1.250 million and add an additional 2% royalty for NAM. For additional information on the NAM/AAZ option/joint-venture see the news release dated Jan 15th, 2018.
  • AAZ has also agreed to increase the minimum exploration commitment for 2018 from $500,000 to $600,000
  • The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled and preliminary field work and additional ground proofing to be completed.
  • The Lithman East Extension, another Lithium-bearing pegmatite project in the Winnipeg River Pegmatite Field, consists of 12 claims for a total of 3072 hectares (7591 acres) (figure 1) and adds to NAM/AAZ’s growing Lithium project inventory in this large pegmatite field.
  • Lithium has an ever increasing demand for batteries in electric cars cellphones, laptops, solar storage, wireless charging and renewable energy products.
  • New Age Metals flagship project is the River Valley Project, which is the largest undeveloped primary Platinum Group Metals (PGM) resource in North America, with 4.6 Moz PdEq in Measured Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM Project is located in Ontario and has an excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals (see news releases dated March 21st, 2018 and April 11th, 2018).

May 2nd, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) it has acquired 100% of the Lithman East Extension Project, by way of staking, in southeast Manitoba

The new Lithman East Extension Project consists of 12 claims for a total of 3072 hectares (7591acres) (Figure 1). It is located approximately 10 kilometers east and southeast from the Tanco Mine Site. The world-class Tanco Pegmatite has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine.


Click Image To View Full Size

Figure 1: Lithman East Extension Project Claim Outline

Lithman East Extension Project

The new project is located south of the previous acquired Lithman East Project and north of the Lithium One Project. The Lithman East Project was originally acquired in 2016 to tie onto the geological strike potential of the Tanco Pegmatite system and to examine the exposed pegmatite and pegmatitic granites in the Birse Lake Pegmatite group. Both projects cover the Bernic Lake Formation (the geological unit/formation that hosts the Tanco Pegmatite and several other lithium bearing pegmatites) of the Bird River Greenstone Belt. The northern portion of the Lithman East Extension Project covers the Bernic Lake Formation while the central and southern portions were staked to focus on the potential of the Axial Pegmatite Group. Historical Government of Manitoba academic work on the Axial Pegmatites has shown them to be well fractioned and evolved.

The project is situated over several axial planes of regional folds, as is the Tanco Pegmatite. The giant world-class Tanco Pegmatite has been postulated to be situated in a limb of fold and is located along strike approximately 10 kilometers to the west of the project area. The axial plane trace of this fold runs through both the Lithman East Project while it’s postulated extension and other axial planes runs through the newly acquired Lithman East Extension Project. The exploration focus of the region is to find and explore lithium-bearing pegmatites with the possibility of discovering a pegmatite as large and as mineralogically rich as the Tanco Pegmatite.

The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg River Pegmatite Field. Several large lithium-bearing pegmatites exist in this region and exploration activity in the region is increasing (see Figure 2). This pegmatite field is host to the world-class Tanco Pegmatite, which is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and has been mined in varying capacities since 1969.


Click Image To View Full Size

Figure 2: Idealized outline of the Winnipeg River Pegmatite Field.

Exploration Plan 2018

Work permits have been applied for with the province of Manitoba for surface exploration. Once the permits are granted, field crews will be mobilized. Exploration on the Lithman East Extension Project will consist of prospecting and sampling the known surface pegmatites and their surrounding areas.

The recent project acquisition of claims has made the New Age Metal/Azincourt Joint Venture the largest claim holder for Lithium in the Winnipeg River Pegmatite Field as well as the largest mineral claim holder in southeastern Manitoba. All claims presently held by Lithium Canada Developments. The company believes in the Lithium potential of the area and has an aggressive exploration program planned with their joint venture partners, Azincourt Energy. At present, the Joint Venture has six projects in the pegmatite field exploring for Lithium-bearing Pegmatites.

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces. This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see March 21st, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The Company has six pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22nd, 2018 and April 11th, 2018 Press Releases) whereby Azincourt will commit up to $4.1 million dollars in exploration, up to 3.25 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 6 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15th, 2018.

Stock Option Grant

In addition, the Company announces that it has granted 300,000 incentive stock options to a consultant of the Company at an exercise price of $0.12 per share for a period of five (5) years from the date of grant in accordance with the Company’s Stock Option Plan. The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable Canadian Securities Laws.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

#Lithium Market Projected to Grow With Demand for #Eco-friendly Vehicles #EVs $NAM.ca $LIC.ca $LAX.ca #TSLA

Posted by AGORACOM-JC at 4:26 PM on Thursday, January 4th, 2018
  • Global Lithium Ion Battery Market is poised surpass USD 60 billion by 2024
  • batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs)
  • Report indicates that the growing adoption of electric vehicles coupled with government initiatives to promote sustainable energy utilization will drive the lithium ion battery market size

News provided by

FinancialBuzz.com

NEW YORK, January 4, 2018

According to Global Market Insights, Inc. the global Lithium Ion Battery Market is poised surpass USD 60 billion by 2024. Li-ion batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs). More and more countries advocate for eco-friendly vehicles, increasing lithium ion batteries demand as a result. The report indicates that the growing adoption of electric vehicles coupled with government initiatives to promote sustainable energy utilization will drive the lithium ion battery market size. MGX Minerals Inc. (OTC: MGXMF), Tesla Inc. (NASDAQ: TSLA), Sociedad Química y Minera de Chile S.A. (NYSE: SQM), Albemarle Corporation (NYSE: ALB), FMC Corporation (NYSE: FMC)

A lead metals and minerals research analyst at Technavio, Mahitha Mallishetty, explained, “The range of EVs can be improved, and the fuel consumption of hybrid EVs can be reduced using lithium-ion batteries. The diverse types of rechargeable batteries, distinguished by the materials used for the electrodes and electrolytes, have a short-range due to lower energy density and have a short operational life when compared with that of lithium-ion batteries. Growth in vehicle fleet leads to a proportionately faster change in the acceptance of EVs, thereby providing growth prospects for the global lithium market.”

MGX Minerals Inc. (OTC: MGXMF) also listed on the Canadian Securities Exchange under the Ticker ‘XMG’. Just earlier today the company announced breaking news that, “has increased its ownership in engineering partner PurLucid Treatment Solutions (“PurLucid”) from 34% to 46% by investment of C$1.45M. The Company maintains the right to acquire 100% of PurLucid through successive future investments.

Investment Recap – Since announcing an acquisition and engineering partnership agreement in September 2016, MGX and PurLucid have invented new technology and filed patent application related to brine treatment and selective lithium recovery. PurLucid’s exclusively licensed nanoflotation technology, which purifies wastewater brine, has since been integrated with a newly developed lithium recovery process. Combined, this Cleantech process reduces the capital cost of recovery compared with traditional solar evaporation, as it does not require the investment in very large, multi-phase, lake sized, lined evaporation ponds, greatly reducing the physical footprint and enhancing the quality of extraction and recovery across a complex range of brines previously considered unprocessable due to complexity or geographical location outside of solar evaporation appropriate zones. This includes oil and gas wastewater, natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.

Nanoflotation and Nanofiltration Technology – PurLucid and MGX system utilizes a highly charged Replaceable Skin Layer (RSL™) membrane related to the nanofiltration and High Intensity Froth Flotation (HiFF) system, known as nanoflotation, which collectively have demonstrated performance superiority over other processes typically used to remove contaminants. The technology allows ultra-high temperature water treatment (up to 700oC) at 10-30 times the efficiency of existing ultrafiltration systems and offers numerous environmental benefits, including contaminant removal, mineral recovery, reduced energy demand, smaller footprints and lower capital costs. The technology was a 2017 finalist for the Most Disruptive Technology in the World award by Katerva (see press release dated February 21, 2017).

Petrolithium Technology – MGX and Purlucid are implementing the lithium recovery process, commissioning of the first 750 barrel per day system is underway, extending the success achieved with the Petrolithium pilot recovery system deployed in August 2017 (see press release dated August 1, 2017). Although combined system development and deployment are cornerstone to the engineering partnership, MGX holds the global rights to the jointly developed lithium extraction technology while PurLucid retains the rights to the pre-treatment water purification and core technology.

Government Grants – PurLucid was recently awarded a non-repayable contribution totaling up to C$8.2 million in government funding to support the commercialization of a low energy water treatment system for the oil and gas industry (see press release dated November 6, 2017). Purlucid will fabricate and deploy a commercial-scale unit within an operating steam-assisted gravity drainage (SAGD) facility in Alberta. The contracted operation will generate upto C$2.0 million a year based on a per cubic meter environmental processing fee that is approximately 50% lower cost than current disposal costs (deep salt cavern). This project will serve as a template for additional contracts currently under negotiation with other oil and gas producers.

Lithium Extraction System Nearing Deployment – Full commissioning of the commercial-scale NFLi5 lithium recovery system, capable of processing 750 barrels (120 cubic meters) of brine per day, is nearing completion. Deployment of this unit is expected to take place within the next 60 days.”

Tesla Inc. (NASDAQ: TSLA) mission is to accelerate the world’s transition to sustainable energy. with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform. According to a blog published by The Tesla Team, Tesla was selected to provide a 100 MW/129 MWh Powerpack system to be paired with global renewable energy provider Neoen’s Hornsdale Wind Farm near Jamestown, South Australia. Tesla was awarded the entire energy storage system component of the project. Upon completion by December 2017, this system will be the largest lithium-ion battery storage project in the world and will provide enough power for more than 30,000 homes, approximately equal to the amount of homes that lost power during the blackout period.

Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. On December 20, 2017, the company announced that it and its subsidiary SQM Australia Pty, have finalized the purchase of 50% of the assets of the Mount Holland Lithium Project in Australia. This purchase is from MH Gold Pty Ltd, Montague Resources Australia Pty Ltd y Kidman Resources Limited, as the result of compliance of the conditions established in the purchase agreement agreed by the Sellers and informed to the Superintendencia de Valores y Seguros on September 11, 2017. SQM Australia and the Sellers have also signed a joint venture agreement describing the development, construction and mining operations, concentration and refining plants for the production of lithium carbonate and lithium hydroxide. This joint venture agreement will also allow for the exploration and exploitation of Sellers’s lithium rights which are not included in the Agreement.

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. On November 8, 2017, the company reported third quarter 2017 net sales of $754.9 million, earnings of $118.7 million and adjusted EBITDA of $209.4 million. Lithium and Advanced Materials reported net sales of $343.6 million in the third quarter of 2017, an increase of 42.9% from third quarter 2016 net sales of $240.4 million. The $103.1 million increase in net sales as compared to prior year was primarily due to favorable pricing impacts, increased sales volumes and $1.6 million of favorable currency exchange impacts. Adjusted EBITDA for Lithium and Advanced Materials was $130.2 million, an increase of 42.0% from third quarter 2016 results of $91.7 million. The $38.5 million increase in adjusted EBITDA as compared to the prior year was primarily due to favorable pricing impacts and increased sales volumes, partially offset by Lithium growth spending, a $3.9 million negative impact from hurricane Harvey on Performance Catalyst Solutions (“PCS”) and $0.2 million of unfavorable currency exchange impacts.

FMC Corporation (NYSE: FMC) has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. On November 6, 2017, the comapny reported third quarter revenue of $646 million, which is an increase of 3 percent year-over-year. FMC Lithium reported third quarter segment revenue of $94 million, an increase of 28 percent sequentially and an increase of 35 percent versus the prior-year quarter. Segment earnings increased over 50 percent sequentially and more than doubled year-over-year to $37 million in the quarter. Higher volume from FMC’s new hydroxide operations in China and higher year-over-year prices were the main contributors to growth. The outlook for Lithium segment revenue for the full year of 2017 remains in the range of $340 million to $360 million, an increase of 33 percent at the mid-point compared to 2016, while the outlook for full-year segment earnings has been raised to a range of $124 million to $128 million.

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Source: https://www.prnewswire.com/news-releases/lithium-market-projected-to-grow-with-demand-for-eco-friendly-vehicles-668024643.html

Preliminary Third Party Report Leads St-George $SX.ca $SXOOF to Accelerate Plans to File for Patents on Extraction for Lithium in Clays $ICM.ca $DST.ca

Posted by AGORACOM-JC at 10:30 AM on Wednesday, December 27th, 2017

  • Preliminary report provided by the third party contractor hired to execute certain tests in relation to St-Georges’ research initiatives related to the extraction of lithium in clays
  • Extraction techniques evaluated can achieve recoveries between 80% to 99.9% with a purity of 99.9%. St-Georges is focused on total capital and operating costs with a green foot print
  • First stage of the mandate given to Dundee Sustainable Technologies (CSE:DST) was to characterize the material from the Bonnie Claire Lithium Property – provided by Iconic Minerals Ltd (TSX-V: ICM)

Montreal, Quebec / December 27, 2017 – St-Georges Eco-Mining Corp. (CSE: SX)(OTC: SXOOF) (FSE: 85G1) is pleased to release the findings of the preliminary report provided by the third party contractor hired to execute certain tests in relation to St-Georges’ research initiatives related to the extraction of lithium in clays.

The first stage of the mandate given to Dundee Sustainable Technologies (CSE:DST) was to characterize the material from the Bonnie Claire Lithium Property – provided by Iconic Minerals Ltd (TSX-V: ICM) – and to test it using currently knowns extraction techniques, commercially deployed or known in the public domain from academic research. St-Georges will work strategically with all the potential suppliers to optimize for total cost of ownership and develop a green foot print. This will include solvent extraction, membranes and electrolysis to make a lithium product that meets or exceeds industry standards.

The extraction techniques evaluated can achieve recoveries between 80% to 99.9% with a purity of 99.9%. St-Georges is focused on total capital and operating costs with a green foot print. The ecological focus is achieved, in part, by converting by products into saleable forms. St-Georges management is encouraged by the recent developments and is now looking to expand the scope of its analysis in regards to what might be patentable in its extraction methods.

The economic nature of St-Georges proposed technology in relation to the Bonnie Claire project cannot be established prior to the definition of a NI 43-101 Resources Estimate and a Preliminary Economical Assessment of the Bonnie Claire Project. However, the characterization of the material provided by Iconic to St-Georges allows for a certain amount of limited hypothesis. The high percentage of silica and alumina characterized in the material processed from Bonnie Claire makes an already interesting concentration of lithium stand out in the remaining segregated material. The report also hint at are other elements that might be worth recovering like potassium and other agricultural focused by products. The next phase of process optimization will be initiated in January. St George is encouraged by the initial characterization results.

Enrico Di Cesare, St-Georges’ director and vice-president research & development commented: “We are looking forward to working closely with the Iconic exploration team and characterizing and testing the results in parallel of their exploration effort on Bonnie Claire. Our technical team is looking forward to optimizing the process for recovery of lithium and salable by-products with a focus on being ecologically green”.

“(…) Our R&D initiative related to lithium bearing clay is progressing well. Shareholders and stakeholders need to keep in mind however that we still have more challenges in the near future. The next 2-3 months will be critical for the development of the lithium-in-clay (LiC) extraction process. It’s important to note when studying the history of science that a significant amount of disruptive technologies never made it outside of a controlled laboratory environment. The demonstration of commercial scalability is still the make or break milestone that we need to secure and we do not have any guarantee of success at this point in time. If that milestone is achieved, we will then have the privilege of embarking into the exciting endeavor of bringing a mine to production. (…) over the months and years period that this task might entails” – said St-Georges’ CEO Frank Dumas.

ON BEHALF OF THE BOARD OF DIRECTORS

“Enrico Di Cesare

ENRICO DI CESARE, DIRECTOR, VICE-PRESIDENT RESEARCH & DEVELOPMENT

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

St Georges $SX.ca Provides #Lithium Processing Update & New Canadian Focused Subsidiary

Posted by AGORACOM-JC at 3:49 PM on Thursday, October 5th, 2017

Sx large

  • Provides update on the progress of a few of its business initiatives
  • Received in Montreal a first delivery of material from the Bonnie Claire sedimentary lithium project, which is 100% owned by Iconic Minerals (TSX-V: ICM)

Montreal, Quebec / October 5, 2017 – St-Georges Platinum & Base Metals ltd (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to update its shareholders and stakeholders on the progress of a few of its business initiatives.

Lithium Research Initiative Update

The Company has received in Montreal a first delivery of material from the Bonnie Claire sedimentary lithium project, which is 100% owned by Iconic Minerals (TSX-V: ICM). St-Georges’ metallurgists have devised a protocol to extensively test the material in order to prepare a multi-tonne larger bulk test in a pilot plant environment later this fall in collaboration with St-Georges R&D partners. Please refer to St-Georges’ press release dated August 10, 2017 for details regarding the relationship between St-Georges and Iconic Minerals.

St-Georges’ research team will be working on the optimization of the lithium recovery process specific to the Bonnie Claire project’s mineral composition and will be reviewing the potential economic recovery of secondary commodities such as strontium. The approach can be summed up to a combination of hydrometallurgy and mineral process configured in such a way that it optimizes the liquid separation of the valuable elements. St-Georges has now moved away from the stage of the proof of concept and is currently characterizing and identifying the key performance indicators for each step of the lithium recovery pertinent to Bonnie Claire’s mineral material.

New Canadian Focused Subsidiary

Mr. Mark Billings, chairman of the board of St-Georges, will become the president of a new subsidiary of St-Georges that will be receiving certain assets of the company, including the nickel, copper & cobalt project known as the Isoukustouc Project, which is located on the Quebec North Shore, north of the deep-sea port town of Baie-Comeau and on the territory of the Quebec Government Initiative known as the “Northern Plan”.

About Isoukustouc

Owned 100% by St-Georges, the Isoukustouc Project is located 75 km north of the town of Baie-Comeau on the Quebec North Shore and is composed of 32 claims representing an approximate total of 1,800 hectares or 18 square kilometers. Previously reported historical assay values obtained on selected grab samples yielded grades of 17.00% wt. copper, 3.84% wt. nickel and 0.20% wt. cobalt. The 2012 surface sample program from the B40 section yielded 1.85% nickel and 0.335% copper on average. An exploration program of 2,343 line-km of airborne magnetic geophysical survey with 100m spacing was completed in 2011.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

What You Need To Know About #Lithium $NAM.ca $BFF.ca

Posted by AGORACOM-JC at 2:07 PM on Wednesday, September 27th, 2017

In our July piece, Is This a Turning Point for Lithium Demand?, we discussed our belief that we are in the early stages of a dramatic shift in lithium demand. The main driver: the acceleration of electric vehicle (NYSE:EV) sales. In this piece, we seek to address three key questions relating to electric vehicles, lithium, and batteries:

  • Why Now?
  • What does this Growing Demand Mean for Lithium Prices?
  • Do Rising Lithium Prices Hurt Battery Producers?

Why Now?

While electric vehicles have previously been viewed as a gadget for affluent early adopters, EVs appear to be on the verge of going mainstream. A major driver of this change is a major reduction in battery costs, which has made EVs much more affordable relative to traditional combustion engine-powered vehicles. Bloomberg’s New Energy Finance unit found that lithium-ion battery costs fell by nearly 50% from 2014 to 2016 as battery producers raised output and competition increased.1 Falling battery costs along with simpler engine designs and cheaper ‘fuel’ are making consumers around the world seriously consider EVs. Nowhere is this more apparent than in China, which made up over half of the world’s EV market in 2016, and a quarter of the world’s plug-in hybrid sales.2

Another important catalyst for EV sales is government policy. Some governments have historically helped improve the economics around EVs by providing generous subsidies to car buyers. But now regulations are being taken to a whole new level by setting end-dates for the sale of combustion engines. Here’s a list of countries that have recently implemented these policies and the number of new cars sold in these countries in 2016:3,4

  • Norway (0.2m cars): new passenger cars and vans must have zero emissions by 2025
  • India (3.7m): will ban the sale of new gasoline and diesel cars by 2030
  • UK (3.1m): will ban the sale of new gasoline and diesel cars by 2040
  • France (2.5m): will ban the sale of new gasoline and diesel cars by 2040
  • China (28m): recently announced it will ban the sale of gasoline and diesel cars (official date still pending)

Source: https://seekingalpha.com/article/4109570-need-know-lithium