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Nevada Energy Metals Acquires 73.6 Square Kilometres (28.4 Square Miles) Lithium Prospect $BFF.ca

Posted by AGORACOM-JC at 8:55 AM on Tuesday, June 28th, 2016

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  • Acquired by staking the Humboldt Salt Marsh playa located in Dixie Valley, Churchill County, Nevada
  • Property consists of 911 claims covering 73.6 square km/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa staked at a cost of approximately CDN$370,000

June 28, 2016 / Vancouver, British Columbia-Nevada Energy Metals “the Company” (TSX-V: BFF; OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has acquired by staking the Humboldt Salt Marsh playa located in Dixie Valley, Churchill County, Nevada. The property consists of 911 claims covering 73.6 square km/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa staked at a cost of approximately CDN$370,000.

Of the seven characteristics favorable for the formation of a Lithium brine deposit as outlined in the USGS deposit model, all seven are found in Dixie Valley. The Lithium deposit model for Dixie Valley is a Clayton Valley style brine deposit.

Dixie Valley Overview

Dixie Valley is located in west central Nevada, about 160 km east northeast of Reno. The entire basin is about 98 km long and up to 16 km wide. Humboldt Salt Marsh occupies the central part of the playa and is about 10 km north-south 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 power plant is producing about 64 megawatts of electricity making it the largest geothermal power plant in Nevada. The active geothermal system extends about 30 km roughly north – south along the entire west side of the valley. The heat source appears to be simple very deep circulation into the crust and is not related to igneous activity.

Very little exploration work has been directed at Lithium in this area. Geothermal water in the basin contains up to 4.89 ppm Lithium and stream sediment samples from the adjacent Stillwater range show values to 80 ppm Lithium. Geologically, recent volcanic ash from the Long Valley Caldera (Bishop Tuff) and Mono craters are expected to be found within catchment area of the basin and within the basin fill sediments. One major productive horizon in the Clayton Valley brine field is thought to be Bishop Tuff deposited and preserved in the basin (Zampirro, 2004).

Dixie Valley is a closed fault-bounded basin having the lowest elevation point (1031 m, 3383 ft.) in the Northern Great Basin as measured on the Humboldt Salt Marsh playa. Given the valley has been a closed basin for at least 500,000 years and probably much, much longer, plenty of time has elapsed for evaporative concentration of Lithium bearing geothermal and surface water. The valley appears to be about 2,000 meters deep, primarily filled with poorly sorted coarse conglomerate, gravel, sand and silt with volcanic rocks, and tuff beds, and finer sediments in the lower third of the section (Blackwell et al, 2014).

The conceptual deposit model is as the basin went through multiple wet and dry periods, Lithium dissolved by deep circulating geothermal fluids or leached from local rock units by surface and near surface water, seeped into the basin where it was concentrated by evaporation. Heavier brines sink into the deeper levels of the basin or flow downward along tilted permeable beds, potentially forming subsurface pools of Lithium rich fluids. The process can be likened to an inverted oil field, with the target material being descending fluids caught in gravity traps instead of ascending fluids caught in the tops of structures. This model is somewhat akin to placer gold deposits wherein large areas of very low grade sources are concentrated into economic grades.

The Humboldt Salt Marsh project was acquired for staking cost without royalties and a 200,000 share payment to the locator.

The contents of this news release has been approved by Alan J. Morris CPG who serves as the project geologist and Qualified Person on the Teels Marsh West Project.

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 recently completed (1) a 70/30 farm-out option JV on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based Lithium producer in North America; (2) acquisition of 100% of the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada; (3) acquisition of 100% ownership of the Black Rock property (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada; (4) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada; (5) 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.

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 news release.

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Pacific North West Capital Acquires 4th 100% Owned Lithium Project Lithman North Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:17 AM on Wednesday, June 15th, 2016

  • -The company acquires 4th 100% owned Lithium project-Lithman North Project is 15 kilometers to the northwest of the Tanco Mine site in southeast Manitoba-The Tanco Mine was Canada’s largest producer of Spodumene, Tantalum and Cesium, producing from the Tanco Pegmatite

    -Spodumene is mined from Pegmatites and is one of the primary Lithium ore minerals in hard rock Lithium mines

    -Lithman North project is situated approximately 17 kilometers to the northwest of the Lithium West Project and 12 kilometers north of the Lithium One Project.

    -To date this brings the total amounts of company’s claims in the Winnipeg River Pegmatite Field to 21, for a total of 3,691 hectares (9,120 acres)

June 15th, 2016 Vancouver, Canada / Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that it has acquired another Lithium project in southeast Manitoba through staking. The project will be held by Lithium Canada, which is a 100% subsidiary of PFN.

The Lithman North Project is situated to the northwest of the present day Tanco Mine, which currently is producing Cesium Formate, a completion fluid for the petroleum industry. The Tanco Mine, was previously known as North America’s largest producer of Spodumene, Tantalum and Cesium. Spodumene is one of the primary Lithium ores minerals in hard rock Lithium mines. The 100% owned project consists of 3 claims for a total area of 372 hectares (919 acres).


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The project area is situated in the Bird River Greenstone Belt and was staked to cover several large Pegmatites as found on government maps. The Pegmatites have had little exploration and there are no historical records. A field review of the Pegmatites showed them to be Albite Pegmatites with a complex mineralogy. Field work is being planned to explore them for the summer of 2016. They are located approximately 15 kilometers to the northwest of the Tanco Minesite and on the northern margin of the Winnipeg River Pegmatite Field.

The Tanco Pegmatite was discovered on the west side of Bernic Lake from surface drilling in the 1920’s. The mine went into production in 1969 and has produced over the years, in varying capacity, and is still producing today. It is a buried Pegmatite and not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite and is hosted by a late stage, subvolcanic Gabbro. The total tonnage of the Tanco Gabbro Pegmatite has been calculated to be approximately 25 million tons. It is a part of the Bernic Lake Pegmatite Group of the Winnipeg River Pegmatite Field.

The company considers the Lithman North Project to have the potential to host additional Lithium-bearing Pegmatites similar to others found in the region. The area has strong infrastructure and is an active mining area. The staking of this additional ground has increased the claims in the Winnipeg River Pegmatite Field to 21 for a total of 3,691 hectares (9,120 acres). Lithman North Project is situated approximately 17 kilometers to the northwest of the Lithium West Project and 12 kilometers north of the Lithium One Project. The project has excellent infrastructure and is located approximately 150 km (93 miles) northeast of the provincial capital, Winnipeg. Claims are to the east of Bird Lake and a gravel based highway (HWY 315) runs through the project area.

With respect to the Lithman North Project, a finder’s fee in the amount of 60,000 shares of the Company is payable to Carey Galeschuk. The finder’s fee is subject to TSX Venture Exchange approval.

All shares issued in connection with the finder’s fee are subject to a four month and one day hold period from the date of issuance.

Further announcements with regards to joint venture partners and exploration plans will be forthcoming.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Management believes that these new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

The company has a growing portfolio of Lithium projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium brine project acquired by the company (PFN News Releases April 25th, 2016 and May 9th, 2016). The company also has hard rock Lithium projects in Canada (PFN News Releases April 21st, 2016 and May 24th, 2016).

Lithium and Platinum Group Metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down
  2. 2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 drill program confirms new high grade T2 discovery


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  1. 5.Exploration and development plans outlined for 2016
  2. 6.Ongoing strategic partner search for River Valley project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (formerly Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade potential, particularly in the north part of River Valley deposit

– Resources under evaluation for development potential as open pit mining operation


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  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

-Drill hole intercepts much higher than the average grade of current mineral resource estimate

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


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  1. 9. Exploration and Development Plans for 2016
  • -Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade ???-Geological interpretation and 2D/3D modelling of all drill and surface results

    -Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.

    -Ongoing Strategic Partner Search for River Valley

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and 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 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.

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Nevada Energy Metals Announces Shallow Auger Results at Teels Marsh West $BFF.ca

Posted by AGORACOM-JC at 9:18 AM on Thursday, May 26th, 2016

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  • Announced that it has completed an orientation survey at Teels Marsh, Esmeralda County Nevada
  • 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.
  • Collected twenty-seven shallow auger sediment samples
  • Program was primarily a test of the sampling method to see if it could be used to collect samples beneath low sand dunes and alluvial gravel.

May 26, 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 an orientation survey at Teels Marsh, Esmeralda County Nevada. Nevada Energy Metals collected twenty-seven shallow auger sediment samples from the Teels Marsh West Project area April 18 – 20, 2016. The sampling program was primarily a test of the sampling method to see if it could be used to collect samples beneath low sand dunes and alluvial gravel. This goal was met in most locations.

Samples were collected using a powered auger to reach a maximum depth of 2.9 meters (9.5 ft.) below the surface. The holes were initially drilled with an electric auger and bottom hole samples were collected with a hand tulip style sampler. Sampling was conducted by Pediment Gold LLC of Sparks, Nevada. Samples were collected on site and transported to the ALS Global preparation facility in Elko, Nevada by the Nevada Energy Metals project geologist. Samples were analyzed by ALS using their MEMS41 multi-element package. QA/QC standards and blanks were inserted into the sample stream to assure accuracy.

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. A general increase in values was noted at the playa margin with lower values in the alluvial fan on the southwestern part of the property. Many of the sites on the alluvial fan did not penetrate to the maximum depth due to boulders. Sampling was supervised by Alan J. Morris CPG who serves as the project geologist and Qualified Person on the Teels Marsh West Project.

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 recently completed (1) a 70/30 farm-out option JV on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America; (2) acquisition of 100% of the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada; (3) acquisition of 100% ownership of the Black Rock property (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada; (4) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada; (5) 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.

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 news release.

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Durango Provides Update On Lithium Xchange $DGO.ca

Posted by AGORACOM-JC at 8:24 AM on Wednesday, May 25th, 2016

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  • Further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website.
  • To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.

Vancouver, BC / May 25, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website. To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.

The lithiumxchange.com website is directed to a green-related audience and was created as an information and news source on green-energy-related lithium products.

Numerous developments related to lithium products have been announced globally in recent weeks:

Marcy Kiesman, CEO of Durango, comments, “Durango is uniquely focused to capitalize on the growing lithium industry worldwide. The lithiumexchange.com website provides us with a platform to showcase our position in this industry and we look forward to building our profile in this platform. We are working with our geological team to finalize exploration programs on our lithium properties and will be providing detailed updates for these plans in the near future.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Durango Adds Additional Pegmatite Ground And Negotiates On Additional Ground Adjacent To Nemaska’s Whabouchi Property $DGO

Posted by AGORACOM-JC at 9:30 AM on Thursday, April 14th, 2016

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  • Announced that it is negotiating on two additional parcels of potential lithium ground located near the Whabouchi property in northern Quebec
  • First package is adjacent to the northwest boundary of Nemaska Lithium Corp. (TSX.V-NMX) Whabouchi property,
  • Second is located to the southeast of Nemaska Lithium and south of Durango’s existing NMX East ground.

Vancouver, BC / April 14, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it is negotiating on two additional parcels of potential lithium ground located near the Whabouchi property in northern Quebec. The first package is adjacent to the northwest boundary of Nemaska Lithium Corp. (TSX.V-NMX) Whabouchi property, and the second is located to the southeast of Nemaska Lithium and south of Durango’s existing NMX East ground.

Durango has also staked 320 hectares south of its original NMX East ground which previously belonged to Tucana Lithium Corp. The staked area encompasses a pegmatite intrusion measuring approximately 3 kilometres long at surface and trending to the northeast, according to Quebec regional geologic mapping (2).

President Marcy Kiesman stated, “We are pleased to cover as much of the historically mapped pegmatites as possible in the region as they provide Durango with excellent targets for the upcoming pegmatite sampling and VLF survey which will enable us to pinpoint the extent of the pegmatites and establish drilling targets.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

References

  1. (1)Theberge, D. (2011). NI 43-101 Technical Report Pertaining to the Abigail Property, Nemiscau Area, Northern Quebec, Canada, prepared for Tucana Lithium Corp.
  2. (2)SIGEOM WMS (2016). “50k Regional Geology” layer.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

Posted by AGORACOM-JC at 9:07 AM on Tuesday, April 12th, 2016

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  • Announced acquisition of 60 claims (approximately 1200 acres/484 hectares) 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 NI 43-101 announced in July 2015
  • 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

April 12, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc., TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the acquisition of 60 claims (approximately 1200 acres/484 hectares) in Clayton Valley, Esmeralda County, Nevada.

The Clayton Valley BFF-1 Lithium Project southern boundary lies 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based lithium producer in North America. 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. Clayton Valley’s centralized location between Nevada and Reno and its highways, access to power, water and labor provide excellent infrastructure for mineral exploration and development. The Clayton Valley BFF-1 Lithium Project is approximately 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.


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Clayton Valley is one of the few locations globally known to contain commercial-grade lithium-enriched brine. The Valley is an internally drained closed-basin and is surrounded by mountains, hills and ridges on all sides. It contains an underground unconsolidated water bearing system (or aquifer system) which is host to lithium-enriched brines and is contained by the surrounding rock.

The decision to acquire the project was based on descriptions of geological modeling and historical drilling results (Western Geothermal Ltd) in a report authored by J.B. Hulen, PG, (July 31,2008). Mr Hulen concluded that shallow thermal-gradient drilling and lithium-exploration drilling by previous operators demonstrated that the area underlying this portion of Clayton Valley contained the valley’s highest subsurface temperatures.


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Within the graben (A graben is a depressed block of land bordered by parallel faults) and 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 ft., 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.”

Nevada Energy Metals is planning a detailed exploration program on our Clayton Valley BFF-1 Lithium Project for the fall 2016/winter 2017 The property was acquired for cost of staking with no overriding royalties or work programs. A finder’s fee is payable.

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 60 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 highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 20 hole shallow auger exploration program is in progress. Recently, on March 23, 2016 the Company announced the addition of the San Emidio Desert lithium project in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county is a 60% earn in option agreement from Dajin Resources Corp. where near surface lithium has been confirmed.

Qualified Person:

The technical content of this news release has been reviewed and approved by

Ali Alizadeh, MSc P.Geo, MBA, a director of the company and a Qualified Person under the provisions of National Instrument 43-101.

On Behalf of the Board of Directors

Harry Barr Chairman & 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 adequacy or accuracy of this release.

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AGORACOM Welcomes Nevada Energy Metals (BFF: TSX-V) With Strong Green Energy Initiatives

Posted by AGORACOM-JC at 9:17 AM on Wednesday, March 16th, 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.

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.

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.

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Neah Power Systems to Present at the Growth Capital Expo in Las Vegas

Posted by AGORACOM-JC at 8:21 AM on Thursday, April 9th, 2015

BOTHELL, WA / April 9, 2015 /Neah Power Systems, Inc. (PINKSHEETS:NPWZ) is pleased to announce that the company will be presenting at the 2nd Annual Growth Capital Expo being held on April 12 – 14, 2015 at Caesars Palace in Las Vegas, NV.

Dr. Chris D’Couto, President and CEO of Neah Power Systems, Inc., will be presenting on Track 1 at 12:30pm Pacific Time on Tuesday, April 14, 2015.

The Growth Capital Expo isn’t just another MicroCap investor conference. It is three conferences in one:

-Presentationsby selected MicroCap and pre-IPO growth companymanagement teams showcasing the best opportunities of the year for emerging growth investment. Meet with management directly to build relationships and source new deals.
–Two full days of educational panels and presentationsby the leading practitioners of investment in public and late-stage private emerging growth companies. Get concise, actionable advice on legal and market issues and trends.
-Half-day pre-conference Public Company Boot Campdesigned specifically for executive managers of pre-IPO and recently public companies seeking to hone their skills at choosing board members and advisors, negotiating with investors, market messaging and corporate governance.

If you would like to attend the company’s presentation in Las Vegas, registration is still open. Follow this link:REGISTER.

About Neah Power Systems, Inc.

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip(R), Formira(R) and the BuzzBar Suite(R) of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award. For more information visitwww.neahpower.com.

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact:

Crescendo Communications LLC
Phone: +1 (212) 671-1020 x303
Email:[email protected]

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Clean Energy Revolution Is Ahead of Schedule

Posted by AGORACOM-JC at 11:16 AM on Wednesday, April 8th, 2015

By Noah Smith

The most important piece of news on the energy front isn’t the plunge in oil prices, but the progress that is being made in battery technology. A new study in Nature Climate Change, by Bjorn Nykvist and Mans Nilsson of the Stockholm Environment Institute, shows that electric vehicle batteries have been getting cheaper much faster than expected. From 2007 to 2011, average battery costs for battery-powered electric vehicles fell by about 14 percent a year. For the leading electric vehicle makers, Tesla and Nissan, costs fell by 8 percent a year. This astounding decline puts battery costs right around the level that the International Energy Agency predicted they would reach in 2020. We are six years ahead of the curve. It’s a bit hard to read, but here is the graph from the paper:

battery efficiencyThis puts the electric vehicle industry at a very interesting inflection point. Back in 2011, McKinsey & Co. made a chart showing which kind of vehicle would be the most economical at various prices for gasoline and batteries:

competitive
Looking at this graph, we can see the incredible progress made just since 2011. Battery prices per kilowatt-hour have fallen from about $550 when the graph was made to about $450 now. For Tesla and Nissan, the gray rectangle (which represents current prices) is even farther to the left, to about the $300 range, where the economics really starts to change and battery-powered vehicles become feasible.

QuickTake Batteries

But in the past year, the price of gasoline has fallen as well, and is now in the $2.50 range even in expensive markets. A glut of oil, and a possible thaw in U.S.-Iran relations, have moved the gray rectangle down into the dark blue area where internal combustion engines reign supreme.

Still, if battery prices keep falling, the gray rectangle will keep moving to the left. The Swedish researchers believe that Tesla’s new factories will be able to achieve the 30 percent cost reduction the company promises, simply from economies of scale and incremental improvements in the manufacturing process. That, combined with a rebound in gas prices to the $3 range, would be enough to make battery-powered vehicles an economic alternative to internal combustion vehicles in most regions.

But this isn’t the only piece of good energy news. Investment in renewable energy is powering ahead.

The United Nations Environment Programme recently released a report showing that global investment in renewable energy, which had dipped a bit between 2011 and 2013, rebounded in 2014 to a near all-time high of $270 billion. But the report also notes that since renewable costs — especially solar costs — are falling so fast, the amount of renewable energy capacity added in 2014 was easily an all-time high. China, the U.S. and Japan are leading the way in renewable investment. Renewables went from 8.5 percent to 9.1 percent of global electricity generation just in 2014.

That’s still fairly slow in an absolute sense. Adding 0.6 percentage point a year to the renewable share would mean the point where renewables take half of the electricity market wouldn’t come until after 2080. But as solar costs fall, we can expect that shift to accelerate. In particular, forecasts are for solar to become the cheapest source of energy — at least when the sun is shining — in many parts of the world in the 2020s.

Each of these trends — cheaper batteries and cheaper solar electricity — is good on its own, and on the margin will help to reduce our dependence on fossil fuels, with all the geopolitical drawbacks and climate harm they entail. But together, the two cost trends will add up to nothing less than a revolution in the way humankind interacts with the planet and powers civilization.

You see, the two trends reinforce each other. Cheaper batteries mean that cars can switch from gasoline to the electrical grid. But currently, much of the grid is powered by coal. With cheap solar replacing coal at a rapid clip, that will be less and less of an issue. As for solar, its main drawback is intermittency. But with battery costs dropping, innovative manufacturers such as Tesla will be able to make cheap batteries for home electricity use, allowing solar power to run your house 24 hours a day, 365 days a year.

So instead of thinking of solar and batteries as two independent things, we should think of them as one single unified technology package. Solar-plus-batteries is set to begin a dramatic transformation of human civilization. The transformation has already begun, but will really pick up steam during the next decade. That is great news, because cheap energy powers our economy, and because clean energy will help stop climate change.

Of course, opponents of the renewable revolution continue to downplay these remarkable developments. The takeoff of solar-plus-batteries has only begun to ramp up the exponential curve, and market shares are still small. But it has begun, and it doesn’t look like we’re going back.

To contact the author on this story:
Noah Smith at [email protected]

To contact the editor on this story:
James Greiff at [email protected]

Source: http://www.bloombergview.com/articles/2015-04-08/clean-energy-revolution-is-way-ahead-of-schedule

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Irons in the Fire: NEAH Power Signs New Partnership Deal

Posted by AGORACOM-JC at 12:55 PM on Tuesday, March 24th, 2015

WHITEFISH, MT / March 24, 2015 / The global market for fuel cells is expected to grow at a 22.6% clip between 2014 and 2020 to reach 664.5 GW in size, according to Grand View Research, due to an increasing shift toward renewable energies. Portable applications dominated the market for the energy sources, accounting for 71.2% of total unit shipments in 2013, driven by military applications and other markets requiring energy on-the-go.

In this article, we’ll take a look at NEAH Power Systems Inc.’s (OTC: NPWZ) innovative power solutions and some recent deals that could generate significant shareholder value over the short- and long-term.

Formira HOD(TM) Integrates with BANTAM

NEAH Power Systems’ Formira Hydrogen on Demand – Formira HOD(R) is a reformer platform for direct on-site generation of hydrogen gas. Using the platform, customers can carry a liquid with a better safety profile and generate hydrogen gas at the point of use rather than carrying around dangerous high-pressure gas cylinders. The improved safety profile is particularly helpful in military and commercial applications with a lot at stake.

In a recent shareholder letter, President & CEO Chris D’Couto indicated that the company has been in regular discussions with leading unmanned aerial systems (“UAS”), automotive, off-grid power, and medical device companies regarding the integration of the Formira(TM) technology to improve the safety and performance of off-grid power systems across a wide array of applications.

The technology received a more recent vote of confidence on March 17th when the company entered into an international partnership agreement with Tectonica Australia. By integratingFormira(TM) with the company’s BANTAM(R) System and other new products developed using its integration expertise, NEAH Power Systems has created yet another promising channel for its innovative technology.

SECFilings.com Executive Interview Series | Chris D’Couto / CEO of Neah Power Systems, (NPWZ) fromTDM Financial on Vimeo.

PowerChip(R) is Validated by DRDO

NEAH Power Systems’ PowerChip(R) is a silicon-based fuel cell is capable of operate without air, which makes it ideal for applications where the quality of surrounding air is unpredictable or unavailable. In addition to these unique properties, the fuel fells have higher power densities, lower costs, and more compact form factors that make them perfect for underwater or other critical air-less applications.

In November 2013, the company announced initial orders from India’s Department of Defense Organization (“DRDO”) estimated to be worth $172,000. Management shipped and completed the testing of these units in February of 2015, which represents a critical milestone in the licensing agreement. In the release, the company hinted toward a potential “significant contract” in the future.

The completion of the DRDO order also represents a critical validation of the technology. With a commercial proof-of-concept in place, the company can leverage the deal when selling the same type of units to other customers across a wide range of industries, including many different private sectors. The combination of the short-term DRDO contract and long-term adoption yields a great opportunity.

Buzzbar(TM) Moves into Production

NEAH Power Systems’ BuzzBar(TM) technology suite is designed to take power inputs from a variety of source – from wall outlets to solar panels – and use it to charge a convenient fuel cell that’s comparable in size to many smartphones. After launching on IndieGoGo as the only compact off-grid recharging solution for USB devices, the company has shipped most of its initial orders and is iterating on the product.

According to its 10-K SEC filing, the company has already presented the product to “Big Box” retailers that have expressed and interest and sent proposals to move the purchasing process along. No official agreements have been announced so far, but the potential for a large consumer distribution agreement creates a big potential catalyst for potential investors and existing shareholders.

Shorai Acquisition Adds Revenue

NEAH Power Systems signed a definitive agreement to acquire Shorai Inc., a leading provider of lithium-ion power sports and starter battery solutions for the consumer motorsport industry. With over $4 million in unaudited 2014 revenue and cash flow positive operations, the acquisition provides shareholders with immediate and likely accretive revenue, as well as product and operational (manufacturing, shipping, distribution, brand recognition) synergies between the companies.

Shorai plans to introduce an exciting new control technology in 2015 to improve their competitive position within the performance lithium-ion battery space. In addition, the firm is nearing production of an all-new product that addresses wider markets in motorcycle, automotive, and military sales channels, which could significantly expand its top-line performance and unlock even more value.

Finally, there are many potential synergies between the companies given the similarity of their product lines. Management anticipates numerous product, operational, and marketing synergies, including cross-marketing opportunities with its Formira(TM) and BuzzBar(TM) product lines. Investors may want to keep a close eye on these developments given the potential to accelerate organic revenue.

Valuation & Looking Ahead

NEAH currently has 12 patents, 4 patents pending, and 8 patent applications covering the Formira HOD®, PowerChip(R) and BuzzBar(R) products. The Company has a strong differentiation in the space for its unique technology, has won various awards including Best of What’s New 2010 Popular Science award and MIT Magazine of Innovation and it has already received funding from the likes of the US Navy and Intel Capital.

NEAH Power Systems trades with a market capitalization of just $7.8 million, despite its promising products and potential near-term catalysts. Last quarter, the company reported $179,261 in revenue, which could expand to reach a quarterly run rate of over $1 million following the Shorai acquisition alone. The company’s high gross margins mean only its fixed costs remain to be covered before profits.

With advanced battery companies like Ultralife Corp. (NASDAQ: UBLI) trading at 0.6x EV/Revenue, energy storage companies like ZBB Energy Corporation (AMEX: ZBB) trading at 1.0x EV/Revenue, and fuel cell companies like Plug Power Inc. (NASDAQ: PLUG) trading at nearly 7x EV/Revenue, the company’s modest $9.8 million EV and at least $4 million in revenue suggest it could be undervalued.

In the end, the company has developed stable revenue streams with large potential upside and a near-term cash flow breakeven point. The high margin business could quickly generate significant shareholder value, with its fully-outsourced manufacturing model and customer-funded development.

For more information, visit the company’s website at www.neahpower.com.

Legal Disclaimer:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:http://secfilings.com/Disclaimer.aspx.

SOURCE: Emerging Growth LLC

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