Soil Survey Results Prompts Claim Block Expansion at Black Rock Desert, Nevada $BFF.ca
- Program continued to show strongly anomalous results with 88 samples collected; 73 of them (83%) containing more than 100 ppm Li
- Together the combined grids contain 258 samples of which 239 samples (93%) had values of greater than 100 ppm Li. Maximum values ranged up to 520 ppm Li
December 15, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) and LiCo Energy Metals Inc. TSX-V: LIC (OTCQB: WCTXF) are pleased to announce that following positive results from an expanded soil sampling program, 71 new placer claims have been added to the Company’s Black Rock Desert Project, Nevada.
Read MoreSouthern Lithium Corp. Announces Closing of First Tranche of Financing $SNL.ca
VANCOUVER, Canada / Southern Lithium Corp. (SNL)(SL5) (“Southern” or “the Company”) announces that further to its news release dated November 3, 2016, it has completed the first tranche of its non-brokered private placement of 3,322,000 units (“Units”) at a price of $0.25 per Unit for aggregate gross proceeds of $830,500 (the “Offering”).
Each Unit consists of one common share (a “Share”) and one Share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at an exercise price of $0.35 per Warrant Share for a period of 18 months from the date of issuance until June 9, 2018; however, if the closing sales price of the Company’s Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the TSX Venture Exchange (“TSX.V”) (or such other securities exchange, quotation system or market on which such common shares are listed and where a majority of the trading volume of such common shares occurs) is $0.50 or greater for a period of ten (10) consecutive trading days, the Company may, within five days of such event, provide notice by way of press release to the subscribers of early expiry, and thereafter the Warrants shall expire on that date which is thirty (30) days from the date such notice is given (the “Acceleration Clause”).
Read MorePacific North West Capital Announces Assays, up to 4.33% Lithium Oxide on the Lithium One Project, Southeast Manitoba $PFN.ca
- Samples from the Silverleaf Pegmatite yielded assays up to 4.33% Li2O, 2.08% Rb2O and 0.04%Ta2O5
- Numerous other Pegmatites and Pegmatitic Granite sites sampled
- Drilling slated for early 2017
December 8th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received the assay results of its Phase One Exploration Review of the Lithium One Project.
Read MoreInside construction of the world’s largest lithium ion battery storage facility
The largest battery storage system in the world will also be one of the fastest constructed in history.
In August, San Diego Gas & Electric tapped energy storage company AES to install two energy storage projects totaling 37.5 MW, 150 MWh. When completed, the larger, 120 MWh project is expected to be the single biggest lithium ion battery in service on a utility grid in the world.
Both battery facilities are expected to be online by the end of January 2017 — nothing short of miraculous in an industry where deploying assets, especially newfangled technologies, can take years.
And the companies are not alone. Southern California Edison and Tesla announced a 30 MW, 80 MWh project in September that is expected to be online even sooner, and will be the largest operating battery for a time.
Read MorePure Energy Minerals Ltd Is Today’s Lithium Focus
There is perhaps no better story than lithium right now among small caps. We’ve been covering the lithium sector here at Insider Financial and have already profiled Oroplata Resources Inc (OTCMKTS:ORRP), Lithium Corporation (OTCMKTS:LTUM) and Lithium X Energy Corp (OTCMKTS:LIXXF). Now we’re going to turn our attention to Pure Energy Minerals Ltd, which trades under the symbols PE in Canada, PEMIF on the OTC Markets, and AHG1 in Germany.
There are countless reasons to be excited about lithium. Lithium is right now the one commodity everyone can agree upon that will continue rising in price. This comes as the lithium-ion battery is the battery of choice for cell phones, laptops, tablets, cameras, and power tools. Consumer electronics will need 4 to 5% more lithium each year for the rest of the decade.
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