Lithium Energy Products announces that it proposes to settle outstanding debt in the aggregate of $200,000 owed to one arm's length creditor of the Company. Lithium intends to issue an aggregate of 4,000,000 common shares in the capital of the Company at a deemed price of $0.05 per Debt Share to settle the Debt in full. The Debt Settlement is subject to the approval of the TSX-V. The Debt Shares, if issued, will be issued [...]
Lithium Energy Products announced today that it has amended the terms on 400,000 options issued on July 10, 2012 The expiry date of the options has been extended to February 17, 2019 from their original expiry date of July 3, 2017. The exercise price of the options remains unchanged at $0.15 Each option, upon exercise, entitles the holder to acquire an additional common share of Lithium Energy Products Inc. About Lithium [...]
Lithium Energy Products reports positive results from the geophysical controlled source audio magnetotellurics/magnetotellurics survey conducted at their Jackpot Lake Project in Nevada. James Walker, CEO of LEP said, "The results from this CSAMT survey are very positive. We now have evidence of possessing highly concentrated brines which are relatively near the surface. We are now confident enough to progress towards [...]
Lithium Energy Products reports results from a geophysical gravitational survey at their Jackpot Lake Project in the Nevada. The Jackpot Lake Project consists of 140 placer claims in a flat, arid drainage basin, occupying approximately 2800 acres and is analogous to other highly prospective lithium brine operations that are...
Lithium Energy Products announce today that it has scheduled a large-scale geophysics CSAMT/MT Survey of its Jackpot Lake property in Nevada beginning May 16th. The purposes of the CSAMT/MT survey are to delineate basinal features, map the geologic stratigraphy and structure relative to the occurrence of lithium-bearing brine, identify conductors that are thought to be representative of lithium-bearing brine, and provide [...]
Lithium Energy Products announce today that it has scheduled a large-scale geophysics gravitational survey of its Jackpot Lake property in Nevada beginning April 14th. This work is being undertaken to assess the depth and extent of the brine basin and will inform the strategy for the follow-up electro-magnetic survey which is planned to map the site at depths of up to 1,200 meters. Once this has been ascertained, drilling [...]
Lithium Energy Products announced today that it has granted incentive stock options to its directors, officers and consultants to purchase up to an aggregate of 3,000,000 common shares at an exercise price of $0.065 per share. All of the options have a life of five years and vest immediately. The options were granted under the Company's Stock Option Plan which was approved by shareholders and limit the total number of [...]
Lithium Energy Products today announced that it has signed a Memorandum of Understanding with Shenzhen Optimum Nano Energy for 500 tonnes per month industrial grade lithium carbonate. Optimum Nano is one of China's largest lithium ion battery manufacturers with sales in excess of US$1 billion. Their products are exported to more than 40 countries around the world, including USA, Canada, Germany, Italy, India, Indo
Lithium Energy Products today announced that it has signed a Memorandum of Understanding "MOU" for lithium off-take with Sichuan Zhiyuan Lithium Industries "SZLI", a subsidiary of Shehong Zhiyuan Industry Co. SZLI is a Sichuan based cathode manufacturer. The MOU calls for 200 tonnes per month of industrial grade lithium chloride and lithium carbonate and 1500 tonnes per month of industrial grade lithium chloride brine [...]
Lithium Energy Products today announced that it has commenced exploration at its 100% owned Jackpot Lake property in Nevada on 9th of January. Initial activities will include geological mapping and prospecting, followed by soil samples, auger samples and brine samples. Basil Botha, Chairman of Lithium Energy Products, said "This initial work is a critical first step to building on the previous work conducted by USGS on [...]
Northern Irontoday announced that it has filed articles of amendment to give effect to a change of the Company's name to "Lithium Energy Products Inc.". The Name Change was approved by special resolution at a special meeting of shareholders of the Company held on November 30, 2016. Basil Botha, Executive Chairman and President of the Company, commented, "The changes announced today reflect the Company's new strategic [...]
Northern Iron announces that, further to its announcement dated November 2, 2016 regarding the closing of the second tranche of its non-brokered private placement financing, that a portion of the Second Tranche has been closed in escrow pending approval of the TSX Venture Exchange. As previously announced by the Company, Hugh Business Enterprise Limited purchased an aggregate of 25,900,000 units of the Company at a price [...]
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