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NRG Metals Inc. (OTCQB:NRGMF) (TSX-V:NGZ) Breaking News & Commentary
September 21, 2018

 

NRG METALS - SECOND PUMP WELL/POTENTIAL PRODUCTION WELL AT HOMBRE MUERTO NORTH - MAIDEN RESOURCE ESTIMATE EXPECTED SHORTLY

Vancouver, British Columbia - September 21, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) The Company is pleased to announce the completion of a second pumping well at the Hombre Muerto North Lithium Project, Salta, Argentina. The well, designated TWW18-02, was drilled to the target depth of 400 meters, and it is located immediately adjacent to core hole TH18-02, which was described in the company’s press releases dated July 10, 2018 and August 23, 2018. Pumping tests will commence shortly.

Pumping well TWW18-02 was drilled adjacent to core hole TH18-02 on the western side of the Tramo concession. The core hole was drilled to a depth of 281 meters, and the arithmetic average of single packer, double packer and one bailer sample from surface to a depth of 230.5 meters was 638 mg/L with a low Mg to Li ratio of 2.65 to one. Host rocks were mainly poorly-consolidated sandstone from surface to 77 m, followed by compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m and then intercalated halite and sandstone to the bottom of the hole. The results from the pumping well were consistent with the core hole.

As we reported in our press release dated June 28, 2018, the arithmetic average of all samples (single packer) for TH18-01 from the surface to a depth of 401 meters was 900 mg/L with a low magnesium to lithium ratio of 3.0 to one. Host rocks were almost entirely poorly-consolidated sandstone and conglomerate. Pumping well TWW18-01 was drilled adjacent to core hole TH18-01, and the results from the pumping well were consistent with the core hole. Initial pumping tests from TWW18-01 indicated an average pumping rate of 25 liters per second of brine, but the capacity of the pump was limited, and we expect that this rate will be exceeded with a larger pump. TH18-01 and TWW18-01 are located on the eastern side the Tramo concession approximately 2.1 kilometers from hole TH18-02 and TWW18-02.

Two bulk samples of brine have been collected from pumping well TH18-01 for technical evaluation. A 200 liter sample has been shipped to the Company’s strategic partner Chengdu Chemphys Chemical Industry Co., Ltd, (“Chemphys”), located in Chengdu, China. Chemphys, along with Sunresin New Materials Co. Ltd. , Xi’an, located in Shaanxi, China, are evaluating the brine for new recovery applications. A large bulk sample has also been collected via tanker truck by Alex Stewart Laboratories, located in Jujuy, Argentina, to evaluate and optimize magnesium removal.

NRG’s technical advisor, Montgomery and Associates of Santiago, Chile, is preparing a maiden resource estimate compliant to National Instrument 43-101, as part of a technical report for the Hombre Muerto North project, which will be completed and announced shortly.

On behalf of the board of directors of NRG Metals Inc.,
Adrian F. C. Hobkirk, President and C.E.O.
Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 ahobkirk@nrgmetalsinc.com
The preparation of this press release was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person under NI 43-101. Mr. Feyerabend approves of the technical and scientific 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 harbor.

On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
Media Contact:
Investors / Shareholders
T:+1-855-415-8100
Adrian Hobkirk
T: +1-714-316-272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
SOURCE NRG Metals Inc.
 

NRG Announces Additional Results for Second Drill Hole at its Flagship Hombre Muerto North Lithium Project Second Pumping Well Started

NRG's second drill hole at the Hombre Muerto North project has been completed to a depth of 280.8 m, and the sample results demonstrate that excellent lithium values are present in the lower portion of the hole.

Based on these encouraging results, as well as the excellent results from the pumping well located approximately 2.1 kilometers to the east, NRG has decided to drill a second pumping well adjacent to the second core hole. The target depth of this hole is 400 m.

Vancouver, British Columbia - August 23, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to report additional assays from the second diamond drill hole at the Hombre Muerto North lithium project. The samples were taken from depths ranging from 91.0 to 230.5 m below surface, and these assays range from 779 to 507 mg/L lithium with low Mg to Li ratios ranging from 2.3 to 3.0. The average for the entire hole is 638 mg/L Lithium with a Mg to Li ratio of 2.65 to 1.0. The assay results for the additional samples are shown in the following table.

Host rocks are mainly poorly-consolidated sandstone from surface to 77 m, followed by a layer of compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m, and then intercalated halite and sandstone to 230.5 meters. The sample interval is not regular because it was difficult to collect samples due to caving of the hole. Nevertheless, these results confirm that brine containing high lithium grades is present from the surface to a depth of at least 230 m, the depth of the deepest sample.

Based upon these encouraging results, management decided to drill a second pumping well adjacent to this core hole. Equipment has been moved into place, and the contractor has commenced drilling to an anticipated target depth of 400 meters.

Jose de Castro, COO of NRG Metals Inc., commented, "We are extremely enthusiastic about the diamond drilling results, as well as the results from the pumping well. These results demonstrate the presence of high-grade lithium bearing brine across the breadth of our Tramo property. We look forward to completing the second pumping well and to fast tracking the project to production."

The sampling was conducted with double packer equipment over 1.0- to 1.5-m intervals, and the final sample from 228.5 to 230.5 m was collected using a bailer sampling device. Onsite QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates of Santiago, Chile under the supervision of Mike Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart Laboratory in Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in northern 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. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances. NRG inserted one blank sample and one blind duplicate samples in the sample batch; all QA/QC results corroborate the analyses reported in this press release. In addition to the packer brine samples, sealed core samples have been collected, and these samples will be sent to a laboratory in the United States for brine release testing.

The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix mine and the Sal de Vida development stage project being developed by Galaxy Resources Ltd.

About the Company
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. NRG Metals Inc. currently has approximately 132 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.

Technical Disclosure
The preparation of this press release was supervised by Mr. Michael J. Rosko, a registered professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101 with over 30 years of experience, with 10 years of direct experience with lithium brine deposits. Mr. Rosko 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. We seek safe harbor.

On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
Media Contact:
Investors / Shareholders
T:+1-855-415-8100
Adrian Hobkirk
T: +1-714-316-272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
SOURCE NRG Metals Inc.

 

NRG Announces Excellent Pumping Well Test Results at
Flagship Hombre Muerto North Lithium Project

Vancouver, British Columbia - August 9, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report pumping test results for the first 10 inch large-diameter pumping well at the Hombre Muerto North Lithium Project, Argentina. The well is located on the Tramo Claim portion of the project group.

This pumping well was drilled immediately adjacent to our first exploration diamond core hole following the excellent results from the recent sampling that provided assay results of 401 meters of 900 mg/L lithium with very good chemistry as reported in the Company’s press release dated June 28, 2018. Together with information from the diamond core drilling program, data from the pumping test will be used to calculate resources and reserves for the project. If warranted, this pumping well can be used for production as part of our fast-track development of the project.

NRG Metals completed a 72-hour pumping test that produced 26 liters per second of brine. The test was limited by the capacity of the pump causing our test to rapidly reach the limits of the pumping equipment and measurement devices at the site. The pumping test was designed and monitored by our independent technical consultants, Montgomery & Associates of Santiago, Chile.

Based on these positive initial pump test results, our technical team believes that the well could have significant additional pumping capability. The Company is planning to mobilize additional equipment to run a test with a higher capacity pumping system as soon a possible.

Josť de Castro, Chief Operating Officer of NRG Metals Inc., commented, “we are very pleased with the results of the pumping test at Hombre Muerto North. These results have removed a significant part of the risk associated with developing a lithium operation. We are seeing exceptionally high grades in clastic host rocks with good permeability, and the brine chemistry is very favorable. The Hombre Muerto North brine is unsaturated and has low sulfate and magnesium ratios. Brine with these characteristics has the potential to evaporate more quickly while using less pond area than would be the case for a typical saturated brine and will require lower consumption of chemical reagents potentially resulting in diminished capital and operating costs.”

The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and the Sal de Vida development stage project owned by Galaxy Resources Ltd. Galaxy recently drilled a brine pumping well on their property which is adjacent and contiguous to the south of the NRG Tramo claim. Galaxy has also announced it has entered into a letter agreement for the sale of their northern portion of the Sal de Vida project to the Korean lithium producer POSCO for US$280 million ( subject to third quarter POSCO board approval ). The sale includes that portion of the salar which surrounds the NRG Metals Tramo claim.

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, the Company is evaluating its 29,000-hectare (72,000 acre) Salar Escondido project in Catamarca province where the company recently completed a 400-meter rotary hole, as described in the Company’s press release dated June 27, 2018.
NRG Metals Inc. currently has approximately 132 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.

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

Technical Disclosure
The preparation of this press release was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person under NI 43-101. Mr. Feyerabend approves of the technical and scientific 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. We seek safe harbor.

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

SOURCE NRG Metals Inc.

 

NRG Announces Initial Results for Second Drill Hole at Its Flagship Hombre Muerto North Lithium Project

HIGHLIGHTS

Initial sample results for the second core hole indicate excellent lithium values with very low Mg/Li ratios. The arithmetic average of three samples taken to a depth of 61.5 m is 719 mg/l lithium with a magnesium to lithium ratio ranging from 2.1 to 3.3

Vancouver, British Columbia - July 10, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN)

is pleased to report the initial assays for samples from the second diamond drill hole at the Hombre Muerto Lithium project. The samples were taken from near surface to a depth of 61.5 m below surface. The samples average 719 mg/L lithium with a very low Mg to Li ratio ranging from 2.1 to 3.3. These values are similar to the results obtained in the first diamond drill hole located 2.1 kilometers to the east. The assays results are shown in the table below.

Drilling in this hole has advanced to a depth of 226.5 m with a planned depth of 400 m. Host rocks are mainly poorly-consolidated sandstone from surface to 77 m, followed by a layer of compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m, and then intercalated halite and sandstone to the current bottom of the hole at 226.5 m.

Adrian Hobkirk, CEO of NRG Metals Inc., commented, "We are encouraged to find high lithium grades in the first part of the second hole, and these results demonstrate the presence of lithium bearing brine across our Tramo property. We will have a more complete picture once this hole is completed and when we have the results of the pumping test from the large diameter hole completed adjacent to the first core hole."

The sampling was conducted with single packer equipment over 1.0 to 2.5 m intervals approximately every 20 meters. Brine is present from the surface and below the elevation of the last sample reported from 59.0 to 61.5 m. NRG believes that the three samples taken together are representative of the brine material from surface to at least 61.5 m. NRG considers that the host rock stratigraphy is horizonal, and the sampled interval represents the true thickness because the drill hole is vertical. Onsite QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates of Santiago, Chile under the supervision of Mike Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart Laboratory in Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in northern 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. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances. NRG inserted one blank sample and one blind duplicate sample in the samples batch; all QA/QC results corroborate the analyses reported in this press release. In addition to the packer brine samples, sealed core samples have been collected, and these samples will be sent to a laboratory in the United States for brine release testing.

The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix mine and the Sal de Vida Lithium Project being developed by Galaxy Resources Ltd. Galaxy recently announced the pending sale of their northern portion of Sal de Vida to POSCO of South Korea, for $ US 280 million.

About the Company

NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. NRG Metals Inc. currently has approximately 132 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.

Technical Disclosure

The preparation of this press release was supervised by Mr. Michael J. Rosko, a registered professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101 with over 30 years of experience, with 10 years of direct experience with lithium brine deposits. Mr. Rosko 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 harbor.

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

SOURCE NRG Metals Inc.

 

NRG Announces Complete Results for First Drill Hole at its Flagship Hombre Muerto North Lithium Project

HIGHLIGHTS

•  Brine samples collected from 300 to 401 meters (m) show high grade values very similar to the assays previously reported for the samples from surface to a depth of 300 m, with an arithmetic average 918 mg/l lithium and a low magnesium to lithium ratio.
•  The arithmetic average lithium concentration for all of the samples from the surface to a depth of 401 m is 900 mg/l, with a relatively low magnesium to lithium ratio of 3.0 to 1.0.
•  Adjacent rotary drill hole for pump testing has been completed to a depth of 393 m and pump testing will commence shortly.
•  Drilling on a second core hole located 2.1 kilometers to the west of the first hole is advancing.


Vancouver, British Columbia - June 29, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that assays for double packer samples collected over the interval from 300 to the bottom of the first hole at a depth of 401 m. The samples for this interval average 918 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very consistent with the assays received for the samples from surface to a depth of 300 m, and the average for the entire 400 m hole is 900 mg/L lithium with an average magnesium to lithium ratio of 3.0.

Drilling is proceeding on a second core hole located approximately 2.2 kilometers to the west of the first core hole. As of June 26, the hole had advanced to a depth of 208.0 m. Poorlyconsolidated sandstone similar to what was drilled in the first core hole was encountered to a depth of 77 m, followed by a layer of compact halite before passing back into mostly poorly-consolidated sandstone from 139 m to the bottom of the hole. Drilling is continuing, although the rate of advance has been slowed by the poorly-consolidated nature of the clastic sediments.

Josť de Castro, Chief Operating Officer of NRG Metals Inc., commented "We are very enthusiastic about the results at Hombre Muerto North. We are seeing exceptionally high grades in a clastic host rock that appears to have good permeability, and the brine chemistry is very favorable. The production of lithium from brine involves concentration of lithium contained in the brine by evaporation. The Hombre Muerto brine is unsaturated, which means that it should be possible to concentrate the brine more quickly using less pond area than would be the case for a typical saturated brine. Furthermore, the sulfate and magnesium ratios are low compared to other salar brines, and this means that the consumption of lime and other reagents should be relatively low compared to other lithium projects. These characteristics imply favorable operating and capital cost profiles, should the economic and technical feasibility of the project be established."

The sampling was conducted with single packer equipment over 1-m intervals, approximately every 20 meters. On site QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates of Santiago, Chile under the supervision of Mike Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart Laboratory in Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in northern 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. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re- analyses by AA and calculation of ionic balances. NRG inserted one blank sample and three blind duplicate samples in the sample batch, and all QA/QC results corroborate the analyses reported in this press release. In addition to the packer samples, sealed core samples have been collected throughout the hole, and these samples have been sent to a laboratory in the United States for brine release testing.

The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix mine and the Sal de Vida development stage project being developed by Galaxy Resources Ltd.

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 Norte project, the Company is evaluating its 29,000-hectare (72,000 acre) Salar Escondido project in Catamarca province where the company recently completed a 400-meter rotary hole, as described in the Company's press release dated June 27, 2018.

NRG Metals Inc. currently has approximately 132 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.

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

Technical Disclosure
The preparation of this press release was supervised by Mr. Michael J. Rosko, a registered professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101 with over 30 years of experience, with 10 years of direct experience with lithium brine deposits. Mr. Rosko 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 harbor.

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

SOURCE NRG Metals Inc


NRG Drilling Continues to Intersect High-Grade Brine at the Hombre Muerto North Lithium Project

HIGHLIGHTS

• Brine samples collected from 100 meters to 300 meters show high grade values very similar to the assays for the samples from surface to a depth of 100 meters, with an arithmetic average 888 mg/l Li and a low Mg to Li ratio.
• The hole has been completed to a depth of 401 meters, and sample results from 300 to the bottom of the hole are pending.
• Adjacent rotary drill hole for pump testing has been completed to a depth of 393 meters. The hole diameter is being enlarged by reaming in order to install casing for pump testing.
• Drilling has commenced on a second diamond core hole approximately 2.1 kilometers to the east of the first hole


Vancouver, British Columbia - June 14, 2018 - NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that assays for double packer samples collected over the interval from 100 to 300 meters of the first core have been received, and average 888 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very similar to those returned for the first 100 meters of the hole, indicating the presence of a remarkably consistent high-grade brine. The assay results are shown in the table below.



The hole has been completed to the targeted depth of 401 meters, and the drill has been moved approximately 2.2 kilometers to the east where drilling on a second core hole is underway. As of June 12, the hole had advanced to a depth of 151 meters mostly in clastic sediments consisting of poorly consolidated sandstone and conglomerate.

Josť de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very excited about the outstanding results from our first hole. The results continue to exceed our expectations. These high grades and favorable Mg to Li ratios have the potential to have a very positive impact on any future capital and operating costs should the economic viability and technical feasibility of the project be established. We are very encouraged to see the entry of POSCO from South Korea into the Hombre Muerto basin with their pending $ 280 million purchase of the northern part of the Sal de Vida lithium project from Galaxy Resources Ltd.”

The rotary hole located 16 meters east of the core hole has been completed at a depth of 393 meters, and the diameter is being enlarged by reaming in order to install perforated casing for pumping tests. If the results warrant, this hole can be utilized as a production well.

The sampling was conducted with double packer equipment over one-meter intervals approximately every ten meters depending upon conditions in the hole. Samples were not collected from some of the intervals below a depth of 160 meters due to restricted fluid flow. On site QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates of Santiago, Chile under the supervision of Mike Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart Laboratory

in Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in northern 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. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances. NRG inserted one blank sample and three blind duplicate samples in the sample batch, and all QA/QC results corroborate the analyses reported in this press release. In addition to the packer samples, sealed core samples have been collected throughout the hole, and these samples will be sent to a laboratory in the United States for brine release testing.

The project is located in the province of Salta, Argentina 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.

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 preparation of this press release was supervised by Mr. Michael J. Rosko, a registered professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101. Mr. Rosko 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 harbor.

SOURCE NRG Metals Inc.

 

China’s Ganfeng Files for IPO in the Mass Scramble for Lithium

Vancouver, British Columbia -- NRG Metals Inc.  (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) - Chinese company Ganfeng Lithium, the country’s largest producer of battery raw material, threw its hat in the ring recently with the announcement that it is filing for an Initial Public Offering.  

Lithium demand is already a driving force for companies hoping to tap greater supplies including LSC Lithium Corp. (TSX-V:LSC) (OTC:LSSCF), Critical Elements Corporation (TSX-V:CRE) (OTC:CRECF), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) and NRG Metals Inc. (TSX-V:NGZ) (OTC:NRGMF) 

The EV revolution is already proving to be an unstoppable force that will completely revolutionize the transport industry. With that transformation, lithium is emerging to take the place of petroleum as the king of the energy industry.  

Forecasters are already predicting that the increase in demand by automakers, power storage systems and new high tech applications will create a potential significant shortfall and major players are gearing up.  

Leading lithium companies are seeing their share values also increase based on the new demand and outlook for metal including LSC Lithium Corp. (TSXV: LSC.V) (OTC:LSSCF), Critical Elements (TSX-V: CRE.V) (OTC:CRECF), and Lithium Americas Corp. (NYSE:LAC) (TSX:LAC.TO). 

NRG Metals Inc. (TSX-V: NGZ) (OTCMKTS: NRGMF) is one of the junior companies making significant exploration progress in South America. The Company just released drill results from it’s strategically located Hombre Muerto North Lithium Project, and preliminary test results are exciting. In addition, NRG is also drilling a 29,000 hectare project called the Salar Escondido. They presently have three drill rigs turning, two at Hombre Muerto, and one at Salar Escondido.  

GANGFENG LITHIUM A HUGE PLAYER 

The scramble for lithium resources, which is already in full swing, is definitely a race to control the future and China seems to have taken an early leap ahead of the rest of the pack.   Chinese company Ganfeng Lithium, the country’s largest producer of battery raw material, is seeking to raise $1 billion worth of capital through an initial public offering on the Hong Kong Stock Exchange.  

The company is among a host of miners looking to quickly identify lithium projects that can be developed into production, in order to meet growing demand from electric car makers.   German carmaker BMW is also reported to be in the process of signing a lucrative five to ten-year supply deal for lithium and cobalt as it looks to change its fleet into hybrid and electric cars.  

According to insiders familiar with the deal’s unfolding, Ganfeng could overshoot their target by up to half a billion dollars.  The company plans to use the money to finance acquisitions, further exploration of lithium reserves and expansion of capacity to meet growing demand of the metal.  

The deal is being spearheaded by financer Citi Group.  

Ganfeng, which is headquartered in Shanghai, is the third largest producer of lithium behind American company Albemarle and SQM of Chile. The company also produces batteries and recycles lithium from discarded gadgets. 

Aside from exploration activities, Ganfeng is contributing to the EV revolution by developing solid state batteries in which the liquid electrolyte is replaced with solid lithium metal. These batteries promise faster charging times and higher driving range, and could also be safer than conventional li-ion batteries. 

Ganfeng could use some of the proceeds from the IPO to fund Lithium Americas, with whom the company has a $125 million line of credit and is developing a project in Argentina. Creating lithium production is their priority. 

CREATING CONFIDENCE IN LITHIUM PLAYS.

NRG Metals, a player focused on the exploration and potential  development of lithium brine assets in Argentina, has recently attracted a Chinese battery material producer, Chemphys  Chengdu.  Through closing on a $1.4 million private placement to fund ongoing exploration activities in Argentina, Chemphys became the largest single shareholder of NRG. In addition, NRG and Chempys agreed to an off-take agreement on all potential future lithium production at the Hombre Muerto North project.  

NRG Metals has two projects, with the most significant project being the "Hombre Muerto North Project" or HMNP. HMNP is located in the Salta and Catamarca provinces within the Hombre Muerto Salar, the location of FMC’s lithium producing Fenix Mine. The project  comprises a total property package of over 3,000 hectares encompassing six concessions.  NRG has two drill rigs working on this project right now. One is drilling a core hole to test for lithium grade. The second is drilling a large diameter pumping well hole to test for flow, if warranted by results. And results from the first 100 meters of the core hole are in, and quite interesting. The first 100 meters averaged 905 miligrams per liter lithium, with a low magnesium ( a contaminant that needs to be removed ) to lithium ratio. The NRG lithium team, well experienced in the exploration and development to production of lithium projects in Argentina, are very excited by the initial results.

Chief Operating Officer Jose de Castro stated: We are very excited about the exceptional results from the initial sampling. The lithium grades and low Mg to Li ratios exceeded our expectations.
The high grades and favorable Mg to Li ratios have the potential to have a very positive impact on any future capital and operating costs should the economic viability and technical feasibility of the project be established. Mr. De Castro has actually mined lithium, having managed the Olaroz Salar to production for Orocobre, an Australian producer. 

Read this most recent News issued by NRG Metals in its entirety including tables below 

LITHIUM STILL VERY ATTRACTIVE 

Lithium plays a critical role in the development of rechargeable batteries, with li-ion varieties being most popular with electronics manufacturers and EV makers. As demand for use in EV batteries continues to rise, lithium prices are poised to rise even further due to a constricting supply.  

The price of lithium has already doubled in the last two years alone and industry experts believe the trend will continue for some time to come.   Since mining is generally an expensive and extremely complex undertaking, response to demand spikes is never instantaneous.  

In order to ensure that their investments are adequately covered, mining juniors tend to allow demand forces to push up prices up before making a capital outlay on mining operations expansion. This results in cycles of supply constriction followed by corrective investment that are referred to by industry experts as supercycles.  

Following this trend, and with the lithium industry poised to grow by leaps and bounds, investors are betting heavily on the lithium demand making miners and juniors in the space even more attractive. 

Technical Disclosure: The preparation of this article 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 within this article. 

POTENTIAL COMPARABLES 

LSC Lithium Corp. (TSX-V: LSC.V) (LSSCF)

LSC Lithium Corp. is an emerging lithium producer that has amassed a large portfolio of prospective lithium salars in Northern Argentina and is focused on becoming a significant player in the supply of high quality lithium product to global markets. On August 16th, the company announced that it will complete its previously announced private placement of common shares at an offering price of $1.10 or $0.87 U.S. per common share. In the aggregate, the offering is expected to consist of the issuance and sale of up to 18,181,818 common shares for gross proceeds of up to $20-million. The funds raised in the offering will allow LSC to further pursue the promising exploration results to date by the implementation of an accelerated and expanded exploration program for 2017. 

Critical Elements (TSX-V: CRE.V) (OTCQX:CRECF)

Critical Elements Corporation, a junior mining company, acquires, explores, and develops mining properties in Canada. It primarily explores for copper, zinc, gold, silver, nickel, lead, lithium, niobium, tantalum, and platinum group elements. Its flagship project is the Rose lithium-tantalum property that consists of 500 claims covering a total area of 260.90 square kilometers, located in the Eastmain greenstone belt. The company was formerly known as First Gold Exploration Inc. and changed its name to Critical Elements Corporation in February 2011. Critical Elements Corporation is headquartered in Montreal, Canada. 

Lithium Americas Corp. (NYSE:LAC) (TSX:LAC.TO)
Lithium Americas recently announced the filing of a technical report (the “Technical Report”) for the Thacker Pass lithium project (the “Thacker Pass Project”), formerly Stage 1 of the Lithium Nevada project. The Thacker Pass Project in Nevada, United States, is 100% owned by Lithium Nevada Corp., a wholly-owned subsidiary of Lithium Americas. The Technical Report supports the scientific and technical disclosure in the updated mineral resource estimates contained in the Company's press release dated April 5, 2018. The Technical Report entitled, "Independent Technical Report for the Thacker Pass Project in Humboldt County, Nevada, USA" was prepared by “qualified persons” from Advisian Americas, a division of the WorleyParsons Group, in compliance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101").  The Technical Report is available on SEDAR at www.sedar.com and on the Company's website at www.lithiumamericas.com.
 

For a more in-depth look into NGZ you can view the in-depth report at USA News Group: http://usanewsgroup.com/2017/10/10/how-south-americas-lithium-triangle-is-gearing-up-to-feed-our-battery-addiction-1-3/ 

Article Source:
USA News Group
http://usanewsgroup.com

info@usanewsgroup.com           

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