Lithium South Development Corp. is pleased announce it has completed a bulk brine sample at the Hombre Muerto North Lithium Project , located in Salta Province, Argentina. The purpose of the program is to provide Chemphys Chengdu of Chengdu China, and Lilac Solutions, of Oakland, California, a large brine sample for Direct Lithium Extraction test work. The well head located on the Tramo Claim block was opened and run for [...]
Over the last few years, the emergence of Electric Vehicles has been obvious and incredible. Led by Tesla, electric vehicles are everywhere and hardly a novelty on the road. But Electric Vehicles by and large need lithium for their batteries. As the success of EV's taking market share continues, so too will the need for lithium. One Forbes writer penned a fairly recent piece about lithium based companies in which he makes [...]
Lithium South Development Corp. is pleased to provide an update on the continued evaluation of Direct Lithium Extraction technology for its Hombre Muerto North Lithium Project, located in Salta Province, Argentina. Lilac Solutions of Oakland California, a lithium extraction company providing technology and services to lithium brine developers, has advised the Company that they have completed their own testing using their [...]
Lithium South Development Corp. is pleased to report the initiation of a bulk brine sample program at the Hombre Muerto North Lithium Project , located in Salta Province, Argentina. The sample program will be completed under the supervision of William Feyerabend, a Consulting Geologist and Qualified Person to the Company. A 6,000-liter sample will be obtained for shipment to China, and North America for Direct Lithium [...]
Lithium South Development Corp. announces that it has completed the second to last property payment for the acquisition of the 3,287-hectare Hombre Muerto North Lithium Project located in Salta Province, Argentina. The company issued 2,250,000 common shares and made a payment of US$1,000,000 to Jorge E. Moreno and Alba Silvia Sala pursuant to a mining exploration agreement with option to purchase dated May 17, 2017, as [...]
Lithium South Development Corp. is pleased to report completion of laboratory scale evaluation using synthetic brine modeled on the Hombre Muerto North Lithium Project chemical composition. The test work was completed by Chengdu Chemphys Chemical Industry Ltd. utilizing its proprietary XFP-Lithium Direct Lithium Extraction process, which selectively extracts lithium ions from brine. Testing was performed at the Chemphys [...]
NRG Metals Inc. is pleased to announce that it has filed on SEDAR, its preliminary economic assessment following the summary results previously announced. The PEA report was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., both industry leading independent engineering consulting firms. KEY POINTS After-tax Net Present Value 8% discount rate $217 million After-tax Internal Rate of Return 28.0% CAPEX [...]
NRG Metals Inc. is pleased to announce it has formed a "strategic alliance" with Lilac Solutions of Oakland, California. Lilac has developed and patented a new ion exchange technology, the "IX Process," to address the challenges of conventional evaporative extraction of lithium from brines. The company's unique ion exchange beads and continuous brine processing system together enable a simple, modern, and robust process [...]
NRG Metals Inc. has announced a Private Placement of up to twenty million units at a price of CDN$ 0.225 per unit for gross proceeds of up to CDN$ 4,500,000. Each unit will be comprised of one Share and one transferable common share purchase warrant. Each warrant will allow the holder to purchase one Share of the Company at a price of CDN$ 0.35 for a period of five years from closing. The Private Placement will be open to [...]
US$217 million after-tax Net Present Value at 8% discount rate and Internal Rate of Return of 28.0%; PEA based on a production rate of 5,000 tonnes of lithium carbonate per year; Processing based on simple and proven solar evaporation technology; Expected mine life of 30 years with a 3 year ramp up period starting 2021; Fully loaded operating cost of US$3,122 per tonne of lithium carbonate; Total capital expenditure of [...]
Highlights US$217 million after-tax Net Present Value at 8% discount rate and Internal Rate of Return of 28.0%; PEA based on a production rate of 5,000 tonnes of lithium carbonate per year; Processing based on simple and proven solar evaporation technology; Expected mine life of 30 years with a 3 year ramp up period starting 2021; Fully loaded operating cost of US$3,122 per tonne of lithium carbonate; Total capital [...]
NRG Metals Inc. announces that it has completed a new agreement with the owner of the Hombre Muerto North Lithium Project in Argentina. The revised Option to Purchase Agreement is as follows: Payment of $ US 500,000 and the issuance of 1,000,000 common shares Payment of $ US 500,000 on or before June 24, 2019 On or before March 22, 2020, Payment of $ US 1,000,000 and the issuance of 2,250,000 common shares On or before [...]
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