VANCOUVER, British Columbia, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture:BRZ) (OTCQB:BRGRF) (FRANKFURT:B6K1) is pleased to announce the appointment of Dr. Lee Sungwon, a nominee of POSCO, to the Board of Directors. POSCO holds 3.6 million shares in Bearing or 6.7% of outstanding. Dr. Lee is metallurgical engineer with over 25 years of experience. Dr. Lee is the [...]
Bearing Lithium Corp. announces that, as of Friday, October 20, 2017, all share purchase warrants of the Company issued pursuant to the Company's September 2016 private placement have been exercised. In total, 12.48 million 2016 Warrants were exercised at an exercise price of $0.25 for total proceeds of C$3.12 million. Proceeds of the private placements from 2016 have been primarily used to deleverage [...]
Bearing Lithium is pleased to announce the appointment of Mr. Jonathan Lee to the Advisory Board. Mr. Lee is currently president of JGL Partners LLC, which provides consulting services on credit restructurings, municipal workouts, strategy, and capital allocation. Prior to this, Mr. Lee was a Senior Investment Analyst for a Boston based investment fund, Geologic Resource Partners LLP. In his role Mr. Lee determined [...]
Bearing Lithium is pleased to announce the appointment of Mr. Don Hains to the Advisory Board. Mr. Hains is an industrial minerals exploration and economic geologist with more than 30 years of experience in development, use and analysis of industrial minerals properties and materials. He has held product research and business development responsibilities with Fiberglas Canada Inc. and Domtar Construction Materials, and [...]
Bearing Lithium is pleased to announce an update to the ongoing development work at the Maricunga lithium brine project in Chile, where it holds a 17.7% free-carried interest. Maricunga Development Highlights ● Stage 1 testing complete with attainment of 5% lithium concentration ● Production of first lithium carbonate (Li2CO3) and potash (KCl) samples expected in Q4/17 ● Production testing of lithium and potash extraction at an advanced stage with top-tier firms including Veolia, GEA, Andritz and FLSmidth ● All production processes utilize conventional and proven evaporation pond... [...]
Bearing Lithium is pleased to announce the closing of its previously announced acquisition of Li3 Energy. As a result of the Acquisition, Li3 Energy and its subsidiaries are now wholly-owned subsidiaries of Bearing. In exchange for all of the outstanding common stock of Li3 Energy, Bearing issued 16 million common shares of Bearing to the former shareholders of Li3 Energy. Former Li3 shareholders can expect to receive a [...]
Bearing Lithium is pleased to announce that Li3 shareholders have overwhelmingly approved the transaction. At a shareholder vote held today, a total of 71.9% of shares were voted at the meeting of which 99% voted in favor of the transaction. The number of Bearing Lithium shares to be issued under the scheme will be approximately 16 million shares. Closing of the transaction is anticipated to occur immediately. Following [...]
Bearing Lithium is pleased to announce that it has entered into an option agreement dated September 25, with First Division Ventures, for First Division to acquire a 100% interest in certain mining claims held by Bearing located in Esmeralda County. First Division is a private company located in British Columbia. The terms of the Agreement provide that in order for First Division to exercise the Option, it must make a [...]
Bearing Lithium is pleased to announce the appointment of Mr. Luis Sáenz to the Board of Directors. This appointment is in addition to Mr. Sáenz's current role of President of South American Operations. Mr. Sáenz is a finance executive with over 25 years experience in mining finance and metals trading with a focus on Latin America. Mr. Sáenz is currently the Director and CEO of [...]
VANCOUVER, British Columbia, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Bearing Lithium Corp. (TSXV:BRZ) (OTCQB:BRGRF) (FSE:B6K1) ("Bearing" or the "Company") is pleased to announce the results from a resource estimate prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Maricunga lithium brine project located in Chile (the “Maricunga Project ”). The NI 43-101 resource estimate is [...]
Bearing Lithium is pleased to announce that its Registration Statement on F-4 filed with the United States Securities and Exchange Commission has been declared effective by the SEC, as required under the previously announced agreement and plan of merger with Li3 Energy. The Registration Statement was filed with the SEC for the purpose of registering the 16 million common shares of Bearing issuable to the Li3 shareholders [...]
Bearing Lithium is pleased to announce that it has received conditional approval from the TSX-V in regards to Bearing's acquisition of Li3 Energy. The TSX-V has notified the Company of its conditional approval for the acquisition of all the issued and outstanding common shares of Li3 in exchange for common shares of Bearing pursuant to the definitive agreement and plan of merger dated January 31st, 2017. Followin...