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NRG Metals Inc. (OTCQB:NRGMF) (TSX-V:NGZ) Breaking News & Commentary
December 7, 2017

 


NRG Makes Lithium Discovery at the Salar Escondido Project in Catamarca, Argentina


Vancouver, British Columbia --December 7, 2017 -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to announce the discovery of lithium at the Salar Escondido Lithium Project, Catamarca Province, Argentina. Consistent with the Company’s geophysical data and geological model, the target zone of sediments saturated with brine that could contain lithium was intersected, and the first lithium values from near the top of the brine are very encouraging as shown in the following table.

The samples, which were collected with a single packer, were analyzed by the Alex Stewart laboratory in Jujuy, Argentina. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry (“ICP-OES”) as the analytical technique for the primary constituents of interest, including those shown in the table.

Adrian Hobkirk, CEO of NRG commented, “We are very excited with the initial results from near the top of the brine zone at Salar Escondido. These results prove the concept that there is a buried salar that contains lithium at Salar Escondido. Furthermore, the Mg/Li ratio is relatively low at 4.6, which is very encouraging. We are hopeful that lithium grades will increase at deeper levels, which is the case in many salars in Argentina. We look forward to continuing the exploration at Salar Escondido to fully assess and delineate this discovery.”

The drill hole has intersected weakly consolidated sandstone and unconsolidated sand horizons with occasional conglomerate and clay layers from a depth of 113 meters to 176 meters, and predominately poorly consolidated conglomerate with occasional clay layers below 176 meters. Saline brine is present below a depth of 140 meters. As of December 5, 2017, the hole had reached a depth of 221 meters, and the Company is planning to extend the hole to a depth of 350 meters.

The Salar Escondido is a large basin, roughly 20 by 40 kilometers in size, which is mostly covered by a series of overlapping alluvial fans. NRG’s technical team believes that a large salar with an area of at least 700 km2 had developed in the basin approximately two million years ago. After the salar was formed, it was buried by coalescing alluvial fans, and it is thus considered to be a “paleo-salar,” hence the name Salar Escondido, which means “hidden salar” in Spanish.

About the Company
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido lithium project, the Company is evaluating the 3,287 hectare Hombre Muerto North lithium project (“HMN”) in the province of Salta. HMN is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and Galaxy Resources’ Sal de Vida development stage project. The Company has filed an Environmental Impact Study and applied for permits to drill HMN, and approval is pending. A Nnational Instrument 43-101 (“NI 43-101) technical report on HMN was filed on SEDAR on October 16, 2017.

The Company currently has approximately 105 million shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol NGZ, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol, OGPN.

Onsite quality assurance and quality control (QA/QC) was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person under NI 43-101. All samples were collected in 500 ml plastic bottles with samples numbers clearly identified, and NRG personnel transported the samples to the Alex Stewart laboratory. Measurements in the field included pH, conductivity, temperature and density, and the field measurements were consistent with the same measurements made in the laboratory by Alex Stewart. Duplicate and blank samples were inserted into the sample batch, and the results were satisfactory. Mr. Feyerabend supervised and approves the scientific and technical disclosure contained in this press release.

On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.


Source: NRG Metals Inc.


NRG Completes Agreements With Chemphys for Strategic Alliance, Raises a Total of CAD$1,215,000 by Private Placement


Vancouver, British Columbia --November 16, 2017 -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to announce that, further to its news release of October 17, 2017, the Company has completed various agreements to give effect to its strategic alliance with Chengdu Chemphys Chemical Industry Co., Ltd. ("Chemphys") to advance the exploration and development of the Company's Hombre Muerto North Lithium Project ("HMN Project ") located in the Salta and Catamarca Province area where most of the lithium production occurs in Argentina.

Adrian Hobkirk, President and CEO of the Company quoted, "We are very pleased with the investment in NRG by Chemphys and establishing a relationship with a high purity lithium manufacturer in China that supplies its products to the battery and energy markets. With the completion of this private placement, and the financial support of warrant and option holders, the Company is now fully funded to carry out its planned work program on the HMN Project."

Ms. Alison Dai, of Chemphys is quoted, "We are pleased to have formalized our strategic partnership with NRG and are committed to working with NRG's team to expedite the development of the HMN Project."

Private Placement and Shareholder Approval

The Company completed the first tranche of a non-brokered private placement with an affiliate of Chemphys for gross proceeds of CAD$980,000 million. A second tranche of the placement is expected to be completed in coming weeks, which will bring the total amount subscribed by Chemphys to CAD$1.6 million. The Company had previously announced that Chemphys would be subscribing for gross proceeds of CAD$1.4 million, which at that time would have represented approximately 15% of the Company's outstanding shares. The placement was increased to a total of 16,000,000 units for gross proceeds of CAD$1.6 million. Upon completion of the second tranche of the placement, Chemphys will hold approximately 15% of the shares of the Company that are expected to be outstanding after giving effect to the second tranche and assuming no other shares are issued. The increase in the placement reflects the increase in the outstanding share capital of the Company upon numerous option and warrant exercises since the placement was initially discussed between the parties. Each unit is comprised of one common share and one transferable common share purchase warrant exercisable for a period of three years from the date of issue at an exercise price of CAD$0.20 per share. The securitiesissued to Chemphys are subject to a four-month hold period as required under applicable securities laws.

The subscriber (the "Placee") is owned by one of the principal shareholders of Chemphys, and is therefore an affiliate of Chemphys. Pending the approval of the TSX Venture Exchange of a personal information form filed in respect of the principal of the Placee, the Placee will agree not to exercise any warrants if to do so would result in it acquiring more than 10% of the outstanding common shares of the Company, calculated on an undiluted basis. The second tranche of the placement will only be completed if either: (i) the disinterested shareholders of the Company (being shareholders other than the Placee and its affiliates) have approved the issuance to the Placee of common shares underlying the warrants where to do so would result in the Placee holding more than 20% of the issued and outstanding common shares of the Company (calculated on a non-diluted basis), or (ii) the Placee shall have entered into a warrant exercise agreement with the Company restricting the exercise of any warrants by the Placee if to do so would result in the Placee owning or controlling 20% or more of the then issued and outstanding common shares of the Company (calculated on a non-diluted basis).

The second tranche of the private placement will consist of 6,200,000 units for gross proceeds of CAD $620,000. A further news release will be issued once the second tranche has been completed.

Offtake Agreement

Concurrently with the completion of the first tranche of the private placement, the Company entered into an offtake agreement with Chemphys covering all lithium products produced from the HMN Project. The offtake provides for the sale of lithium at prices related to market prices. The HMN offtake agreement is subject to the Company (i) establishing the necessary mineral reserves in commercial quantities and quality, (ii) building the necessary mining and processing facilities to extract and process lithium products, and (iii) obtaining sufficient financing on commercially reasonable terms in order to finance the achievement of each of the foregoing (i) and

(ii) sufficient to achieve commencement of commercial production. If the Company is unable to satisfy these conditions within three years, the offtake agreement shall automatically terminate, (unless the parties otherwise agree in writing).

Chemphys will have a right of first offer to negotiate in good faith (with no obligation of the Company to accept) the right of Chemphys to acquire a portion of the Company's entitlement to annual production of lithium products from any other lithium project from which the Company is entitled to acquire or sell lithium products, such right on terms and conditions as the Parties may agree.

Ancillary Rights Agreement

The Company and the Placee also entered into an ancillary rights agreement providing for (i) the right of the Placee to at least one Board seat so long as it owns at least 10% of the Company shares or the offtake agreement is in force, (ii) a right to increase the Placee's Board representation proportionate to its share ownership, (iii) a right to maintain the Placee's pro rata share ownership, (iv) a right of the Placee to representation on a Project Advisory Board in respect of the HMN Project, and (v) an obligation of the Placee to undertake a orderly distribution of its securities should it determine to dispose of its shareholdings in the Company.

Shareholders' Meeting

The Issuer has scheduled an annual general and special meeting on December 22, 2017 at 11 am (Vancouver time) and will be seeking disinterested shareholder approval for the transaction as set out above.

Other Subscribers

In addition to the Chemphys placement, the Company completed a private placement with two consultants of the Company by the issuance of a total of 2,350,000 units at $0.10 per unit, raising additional gross proceeds of CAD$235,000. Each unit is comprised of one common share and one transferable common share purchase warrant exercisable for a period of two years at an exercise price of CAD$0.20 per share.

Together with the first closing on October 6, 2017 of 4,500,000 units for gross proceeds of CAD$450,000, the Chemphys closing of CAD$1,600,000 and CAD$235,000 from the consultants, the Company will issue a total of 22,850,000 units and raise total gross proceeds of CAD$2,285,000. The proceeds of the private placement will be used for expenditures relating to the HMN Project and for general working capital. The Company did not pay any finder's fees.

About the Company

NRG Metals Inc. is an exploration stage company evaluating two lithium brine projects, located in Argentina. Phase One exploration drilling is currently underway at the 29,000 hectare Salar Escondido lithium project, Catamarca Province, Argentina. Results are expected in November. In addition, the Company is awaiting exploration permits at the HMNLP, located in Salta Province, Argentina. Additional projects are currently under negotiation.

NRG Metals Inc. currently has 101,429,135 common shares issued and outstanding after giving effect to the first tranche issued to the Placee and the other subscribers referred to above. NRG Metals Inc. trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.

About Chemphys

Chemphys was established in 1998, and has since grown into a high-tech enterprise, both ISO9001 and ISO14001 certified. The company specialises in the production of high purity (99.99%) Lithium Carbonate and battery grade Lithium Hydroxide for the manufacturing of cathode materials and electrolytes of lithium ion batteries. Chemphys was one of the first Chinese suppliers to export high purity Lithium Carbonate and battery grade Lithium Hydroxide to leading cathode materials and lithium hexafluorphosphate manufacturers in Japan and South Korea. Chemphys also produces 99.995% Lithium Carbonate which is used to manufacture single crystal substrates for surface acoustic wave and integrated optic devices. In addition, the company produces high purity Lithium Carbonate and Boric Acid for the production of fusion fluxes, Lithium Borates for XRF analysis, and numerous other specialized materials. Chemphys has a strong research and development capability and works closely with customers to develop new materials. Chemphys product is recognized by all major lithium ion battery materials manufacturers and is an integral part of the electric vehicle supply chain.

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.

On behalf of the board of directors of NRG Metals Inc.,
Adrian F.C. Hobkirk
President and CEO
T: +1-714-316-3272
E: ahobkirk@nrgmetalsinc.com
W: http://www.nrgmetalsinc.com

SOURCE NRG Metals Inc.

 

 

NRG Metals Receives Exchange Approval to Hombre Muerto Acquisition


Vancouver, British Columbia --November 8, 2017 -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN), is pleased to announce that, further to its news releases of June 5, 2017 and October 16, 2017, it has received transaction approval from the TSX Venture Exchange (the “Exchange”) for the Hombre Muerto North Project, Argentina. Pursuant to the Mining Exploration Agreement with Option to Purchase dated May 17, 2017, between the Company’s wholly-owned subsidiary, NRG Metals Argentina S.A. and Mr. Jorge E. Moreno and Mrs. Alba Silvia Sala (together, the “Owners”), the Company will be issuing 1,000,000 common shares at a deemed value of $0.39 per common share and a cash payment of US$100,000 to the Owners. In addition, Mr. Moreno will be joining the board of directors of NRG Metals Argentina S.A.. Mr. Moreno is a well established and highly respected businessman in Salta, Argentina.

Highlights of the Hombre Muerto North Lithium Project Include:

  • 20 surface samples collected in 2016-2017 range from 48 to 1,064 mg/L Li, averaging 587 mg/L Li, with seven samples over 800 mg/Li [see sample details in table below].

  • Magnesium to lithium ratios range from 1.1:1 to 10.2:1, averaging 4.6:1, which are low, a positive by industry standards.

  • Geophysical data indicates zones of low resistivity, interpreted to be potential lithium-bearing zones that are open at depth.

  • Adjacent to Galaxy Resources’ Sal de Vida lithium development project and FMC Corp’s long-time producing Fenix lithium brine operations.

NRG plans to conduct an exploration program to support a mineral resource estimate for lithium on the Project, and rapidly move to a development and production decision. An exploration drill program has been planned by the technical team, and will initially include up to eight diamond core holes. Following coring operations, largediameter (10- to 16-inch borehole diameter) rotary-drilled production wells (PW) will be installed at the same locations as the diamond drill holes for conducting pumping tests and estimating brine extraction rates for wellfield development. Anticipated depths for the core holes will range from about 30 to 400 meters, with 400 meters as a maximum. The depth of the production wells will be determined based upon the results obtained from the diamond drilling.

In addition, a vertical electrical sounding (VES) survey may be conducted at the Alba Sabrina property located on the western edge of the basin prior to drilling in order to confirm if and where the hole will be drilled. An Environmental Impact Study has been filed with the mining authority in Salta Province, and permits are expected in the near future. Discussions with both provinces is ongoing in regards to a zone of dual jurisdiction which effects a portion of some of the project area. Resolution is expected in the near future. The Company intends to expand the current land package, and negotiations on the acquisition of additional land in the area is progressing.

About the Company
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto North Project, a drill program is currently underway at the 29,000 hectare Salar Escondido lithium project, Catamarca Province, Argentina. Results are expected in November. Additional projects are currently under negotiation.

NRG Metals Inc. currently has 86,005,135 common shares issued and outstanding. NRG Metals Inc. trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.

On behalf of the board of directors of NRG Metals Inc.
Adrian F.C. Hobkirk
President and CEO
T: 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.
Adrian F.C. Hobkirk
President and CEO
T: 855-415-8100
E:ahobkirk@nrgmetalsinc.com
W: http://www.nrgmetalsinc.com

SOURCE NRG Metals Inc.

 

NRG Announces Progress of Chemphys Due Diligence


Vancouver, British Columbia --November 7, 2017 -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN), is pleased to announce that due diligence on the Company's project evaluation is progressing with Chengdu Chemphys Chemical Industry Co., Ltd. ("Chemphys") as announced on October 17, 2017. The Company is working to complete this transaction, and developing a strategic alliance with Chemphys, a leading lithium producer in China. Terms of the Letter of Intent include the completion of a private placement to fund the development of the Hombre Muerto North Lithium Project ("HMNLP"), board participation in NRG by Chemphys, and an off-take agreement for the HMNLP, along with technical and technological co-operation.

The Company has initiated an annual general and special meeting of its shareholders (the "Meeting") to be held on Friday, December 22, 2017 at 11:00 a.m. (Pacific time) at the Company's head office at Suite 804 - 750 West Pender Street, Vancouver, British Columbia. At the Meeting, the Company intends to set the number of directors at 7 and Chemphys will have the right to nominate one director to the board of NRG. In addition, the Company will be seeking shareholder approval to pass an ordinary resolution of disinterested shareholders of the creation of a new control person resulting from the completion of the private placement.

About the Company

NRG Metals Inc. is an exploration stage company evaluating two lithium brine projects, located in Argentina. Phase One exploration drilling is currently underway at the 29,000 hectare Salar Escondido lithium project, Catamarca Province, Argentina. Results are expected in November. In addition, the Company is awaiting exploration permits at the HMNLP, located in Salta Province, Argentina. Additional projects are currently under negotiation.

The Company currently has 87,708,635 common shares issued and outstanding. The Company trades on the TSX Venture Exchange under the symbol, NGZ, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol, OGPN.

On behalf of the board of directors of NRG Metals Inc. Adrian F.C. Hobkirk
President and CEO
T: 855-415-8100
E: ahobkirk@nrgmetalsinc.com W:http://www.nrgmetalsinc.com

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.

On behalf of the board of directors of NRG Metals Inc.

Adrian F.C. Hobkirk
President and CEO
T: 855-415-8100
E:ahobkirk@nrgmetalsinc.com
W: http://www.nrgmetalsinc.com

SOURCE NRG Metals Inc.

 

The Demand For Lithium Is Growing Daily, Which Companies Are Positioned To Supply This Growing Demand?


The big Lithium players are up and leading small lithium players are up a lot more… Here’s where you can find big returns in the lithium space.

Our feature focus is on NRG Metals Inc. (OTCQB: NRGMF TSX: NGZ), a junior resource company that’s advancing lithium interests in South America.


Vancouver, British Columbia --November 6, 2017 -- Lithium, as most investors know by now, is the white powder that is crucial to powering the future in the form of Lithium-ion batteries. The material is in high demand thanks to automakers like Tesla and others who are looking to double or even triple EV (Electric Vehicle) production over the next few years.

In fact, majors like Tesla and Volkswagen will do a lot more than just double or ripple in next few years because they’re starting from a small base. Tesla hopes to sell 500k in 2018 and 1 M EVs in 2020. Volkswagen expect 2-3 million sales in 2025.

In March of 2016, Elon Musk (Tesla’s CEO) stated, “In order to produce half a million cars a year… we would basically need to absorb the entire world’s lithium- ion production.”

The Wall Street Journal backed this too stating, “Tesla and other electric-vehicle makers are swallowing up lithium for its use in lithium-ion batteries that power electric cars.”

Goldman Sachs has taken things even further in their detailed report on Lithium declaring that lithium is the “new gasoline” saying “We think Lithium ion batteries will help fuel a dramatic increase in electric vehicle penetration,” according to Bob Koort, head of Industrials and Materials research, Goldman Sachs Research.

You Could BUY an Undiscovered Lithium Mining Stock at Pennies Per Share. See Our Recommendation.

Big Lithium Players Up Significantly – 63% Plus Returns This Year!

The result is that large lithium players are up on demand. Of our surveyed group, our leading two selections had a three year performance for investors of 64.59% and 50.82% respectively.

Take note: the leading lithium producers are on the ground in South America – the real hot spot for lithium production.

Leading Small Lithium Players Show Bigger Gains – 340%+ Since Making Major Lithium Advances.

We sifted through the field and came across three junior lithium players whose price increased as much as 529% + since announcing significant advances in lithium deals, and one small lithium company (NRG Metals) that has made the advances, but has not been impacted (yet). We think that stock looks like an easy double or triple, at least.

We sampled a group of early participants in lithium. These are junior exploration or mining companies advancing lithium projects. They all saw major gains after structuring financing and advancing interests in lithium:

Lithium X – 529% gain – after announcing acquisitions next to Albemarle Corp. (the world’s leading producer) and advancing two projects in Argentina.

Nemaska Lithium – 329% gain – after announcing capital raises and making headway on lithium plant operations in Quebec.

Millennial Lithium – 345% gain – after entering reaching option agreements on Argentinean lithium operations and capital structuring.

Between all three, that’s an average gain of over 400%.

We used this model an applied it to identify a similar player with the same profile at the pre-discovery stage: NRG Metals Inc.

NRG Metals Inc. Is On The Ground in South America

Argentina is one of the major lithium producing countries in the world and has significant additional potential. It contains a number of mineralized salars or salt fields including the Hombre Muerto and Salar Olaroz properties producing lithium. Also, it is a country with a mining history.

NRG is a Canadian based mining company, but its lithium interests are in Argentina. The company’s projects are strategically located within the Lithium Triangle, in close proximity to one of the largest known lithium deposits in Argentina, and within the Puna Region, an elevated plateau, which lies on the eastern side of the Andes Mountains.

We like the fact that it’s a Canadian mining explorer and the fact that they have attracted strong management that hail from well-known Argentinean lithium mining companies. In fact, C.O.O. Jose de Castro was the man responsible for identifying and building the world’s most recent lithium brine project, the Salar de Olaroz Lithium Facility, for Orocobre. Also, Project Manager Fernando Villarroel has a solid background in Argentine lithium, and his experience includes designing the pilot plant for Lithium Americas. Often in this business, management above the ground is as important as what lies beneath the ground. We will get to that point next.

Two Ways to Win

Exploration stage companies live and die on their drill results, and as the old saying goes, “two shots are better than one “.

NRG Metals Inc. is advancing two lithium brine projects in the heart of this key Argentinian region. “Its big exploration shot“ is the 29,000 hectare Salar Escondido lithium project which just received drilling approval from the Province of Catamarca.

To date, NRG has completed sampling work at surface that returned anomalous lithium values. More importantly, they completed a Vertical Electric Sounding geophysical program at surface, which identified a zone deeper down which appears to be a brine zone. That important “highly conductive with low resistivity zone, “ is depicted on the cross sectional below…

V.E.S. is a proven technology that measures the resistivity of zones, and has helped discover many lithium deposits in South America. In short, it identifies potential brine zones that are the host for lithium deposits. The next stage here is to drill up to six test wells to confirm the expectation that the conductive zone within this large basin contains lithium. NRG has now signed off a drill contract and expects to be drilling in the next two weeks.

Location, Location, Location

The Hombre Muerto North lithium project sits right beside FMC’s lithium producing Fenix Mine, and Galaxy Resources’ Sal de Vida Lithium Project, both in the province of Salta. The NRG land package is currently 3,287 hectares, and can likely become significantly larger. Location here is everything as the Hombre Muerto Salar is one of the most explored in Argentina. Work by Galaxy Resources, a big Australian lithium player right next door, has confirmed that the higher grade areas of the salar are trending north, towards the NRG land package. A drill hole released by Galaxy in this area returned lithium values from 564 mg/L Li to 895 mg/L Li, and that hole is only 750 meters south of the NRG claim border.

Recent sampling on the NRG claim blocks returned even higher lithium values. So based on the available data, NRG has applied for permission to drill up to six exploration test wells, six pumping wells, and complete initial evaporation test pond construction. This should be easy work with potentially really good results. They should get permission to drill shortly.

There is a lot more going on behind the scenes for NRG, but these two projects show a balanced company approach. Drill both a high risk high reward exploration shot, and also balance the risk with work within a known exploration area. There should be very interesting news flow from NRG in the immediate future.

Stocks In This Space Have Seen Returns of 10x, 20x or more! – See Our Recommendation

FEATURE STOCK: FOR COMPARISON

NRG Metals Inc.
(TSX: NGZ OTCQB: NRGMF)
Market Cap: $5.3 Million
NRG Metals Inc. is a Junior Canadian Exploration company in search of brine based lithium targets in Argentina, Chile and Boliva.
Lithium Winners: Too Late To Capture Big Gains But Still Good to Study
These stocks represent some of the early leaders who have already experienced a major lift from the rise in lithium. They are not likely to see the kind of appreciation that our feature company could produce, but they are solid examples of just how much profit the lithium market is already yielding.

Albemarle Corporation
(NYSE: ALB)
Market Cap: $9.1 billion
Albemarle Corporation, headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.
Latest Headline: Albemarle receives prestigious LEED Gold certification
Sociedad Quimica y Minera de Chile
(NYSE: SQM)
Market Cap: $7.2 billion
SQM, a worldwide company based in Chile and founded in 1968, has today a strong global presence in a wide variety of industries and applications through its five business lines: Specialty Plant Nutrition, Iodine and derivatives, Lithium and derivatives, Industrial Chemicals and Potassium.
Latest Headline:SQM buys 50% stake in Australian lithium project for $110M
FMC Corp.
(NYSE: FMC)
Market Cap: $6.3 billion
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium.
Latest Headline: FMC Corporation Announces Definitive Agreement to Sell Omega-3 business to Pelagia AS
Nemaska Lithium
OTC:NMKEF TSE: NMX
Market Cap: $261.5 million
Nemaska Lithium is a pure play lithium investment. The Company is solely focused on developing its Whabouchi lithium project into a viable lithium mine and becoming a leading supplier of lithium hydroxide and lithium carbonate to the emerging lithium battery market as well as other applications.
Latest Headline: Nemaska Lithium Completes a $50 Million Bought Deal Public Offering
Our Recommendation: NRG Metals Gets Our Highest BUY Rating
One simple way to play this market now: get in on the junior mining companies looking to make new lithium discoveries, right now. In other words, go to the source. That makes South American, especially Argentina, an obvious choice.

We look for leverage, like 10 to 1, 20 to 1 or better on our speculative selections. For those kind of massive returns, you need to look at the early stage mining business with the focus on potential production of a viable resource. That’s why we’re zeroing on Argentina and NRG Metals.

This company has all earmarks of a future lithium producer and they’re moving fast to advance lithium interests. Here’s what we’ve already seen NRG Metals achieve:

Acquired two Argentinean projects in close proximity to leading global lithium producers FMC Corp. and billion A$ market cap developer – Galaxy Resources.
Put over $1.5 million CDN financing in place for the exploration drilling of the Salar Escondido project to prove up potential lithium resources.
Obtained drill permits to advance exploration on Salar Escondido.
Added a land package in the producing Hombre Muerto salar, in the middle of two of the largest players in the industry.
Filed for drill permits for the Hombre Muerto North lithium project
All of this has taken place in a short time period since late 2016. In addition, the Company upgraded to the OTC Markets QB board, giving level two quotes, and a high level of corporate transparency. Word is just getting out and NRG Metals has yet to realize the kind of market attention that has led to huge increases in other small lithium resource companies’ share prices.

A well timed investment of $6,253 Investment Would Have Given You over $33,078

Others have already cashed in on this trend. For instance, if you had sunk just $6,253 in the three stocks mentioned stock prior to their respective news announcing acquisitions and advances in lithium projects, that investment would be worth over $33,078.

Our recommendation is to position now, while the market is looking for direction. Consider NRG Metals (OTCQB: NRGMF / TSX-V: NGZ) at its current undiscovered stage. Then follow the news and advances as they break by joining their email list at https://www.nrgmetalsinc.com.

Just remember that those who waited on companies like Lithium X, Millennial, and Nemaska because they were smaller, or early stage exploration stage companies missed out on some of the biggest movers within the lithium sector.

You may hear a lot of buzz about the lithium market suggesting that the supply imbalance is just the result another “bubble”. We disagree. The market shift is far too substantial for this to be a fad or singular spike based on speculative demand.

If you believe a single word that Elon Musk, the visionary head of Tesla has offered about the future of electric power, you have to agree that lithium is here for the long term and valued suppliers to the industry stand to make a fortune.

We believe early investors in companies looking to take the lead should reap the greatest rewards.

Important Note *

As mentioned, NRG Metals is planning a drilling program to substantiate its lithium resources. News, such as further positive lithium drill results or increased purity, could have a significant impact on its share price.

American News Group
Editorial Staff

Disclaimer

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. usanewsgroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for NRG Metals Inc. advertising and digital media. There may be 3rd parties who may have shares of NRG, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. The owner/operator of USA News Group own shares of NRG Metals and have no plans of selling any shares in the next 72 hours from this publication date (October 16, 2017), but reserve the right to buy and sell shares of NRG Metals at any time thereafter without any further notice.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Source: American News Group

 

NRG Metals Inc. Lithium Drilling Update


Vancouver, British Columbia --November 3, 2017 -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN), is pleased to provide the following update further to the news release dated October 19, 2017 on drilling progress at the Salar Escondido Lithium Project, Catamarca Province, Argentina.

As of Saturday October 28, 2017, AGV Falcon Drilling SRL, completed 170 meters of drilling on the first drill hole of an anticipated initial round of six drill holes planned at the project. At 108 meters the hole intersected an aeolian sand horizon, and saline brine is present below a depth of 140 meters. Drill core extracted from a depth of 160 m exhibits very vuggy and porous sandstone with halite (common NaCl salt) efflorescence. The efflorescence is indicative of saline brine that has precipitated when exposed to air, indicating that the pores and cavities were filled with saline brine. Drilling is continuing, and packer sampling is commencing.

Mr. William Feyerabend, Certified Professional Geologist # 11047 , a member of the American Institute of Professional Geologists, has been retained to act as on site Qualified Person for the sampling program. Mr. Feyerabend has extensive experience in the exploration of lithium, and recently acted as the author for NI 43-101 Technical Reports for Lithium X.

The Salar Escondido is a large basin, roughly 20 by 40 kilometers in size, which is mostly covered by a series of overlapping alluvial fans. NRG's technical team believes that a large salar with an area of at least 700 km2 developed in the basin approximately two million years ago. After the salar was formed, it was buried by coalescing alluvial fans, and it is thus considered to be a "paleo-salar," hence the name Salar Escondido, which means "hidden salar" in Spanish.

NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido lithium project, the Company is evaluating the 3,287 hectare Hombre Muerto North lithium project ("HMNLP") in the province of Salta. The HMNLP is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix mine and Galaxy Resources' Sal de Vida development stage project. As announced in a press release dated July 13, 2017, the Company has filed an Environmental Impact Study and applied for permits to drill the HMNLP. In addition, the Company is currently reviewing the exploration program as outlined in the NI43-101 report that was filed on Sedar on October 16, 2017.

NRG Metals Inc. currently has approximately 85 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.

Adrian F.C. Hobkirk

President and C.E.O.

The preparation of this press release was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a member of the American Institute of Professional Geologists, and a Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves the scientific and technical disclosure contained in this press release

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.

T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk +1-714-316-3272, E: ahobkirk@nrgmetalsinc.com

W: http://www.nrgmetalsinc.com

SOURCE NRG Metals Inc
 





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