Nevada Energy capitalizing on what Goldman Sachs calls the new gasoline in the electric vehicle revolution – lithium $BFF.ca
- Works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory
- Lithium has become a permanent topographic feature of the Nevada economic landscape
- By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013
Nevada Energy Metals Inc. (TSXV: BFF | OTCQB: SSMLF | Frankfurt: A2AFBV) is capitalizing on lithium, what Goldman Sachs calls the new gasoline as an enabling commodity in the electric vehicle revolution. It is approaching the market smartly to minimize risk, keep overhead low and maximize shareholder value.
FEATURE: Nevada Energy Metals (TSXV:BFF) Growing Exploration Portfolio in Nevada’s Lithium Hub $BFF.ca
TSX-V: BFF, OTC Pink: SSMLF
Growing Exploration Portfolio in Nevada’s Lithium Hub
Overview
Nevada Energy Metals (TSXV:BFF) (OTQB:SSLMF) (Frankfurt:A2AFBV) is an exploration company focused on the acquisition and exploration of lithium brine projects in the world-class mining jurisdiction of Nevada. To date, a number of highly attractive prospects have been investigated and approved for immediate acquisition. An advisory board has been formed to better assist in the selection, management and development of these lithium projects.
The Company has recently completed:
(1) a 100% option-out agreement, 3% net-smelter royalty of the Dixie Valley Project (348 of 910 total claims covering 7,363 hectares/28.4 square miles) to LiCo Energy Metals (LIC.TSXV), covering the majority of the Humboldt Salt Marsh playa in Churchill County, Nevada;
(2) acquisition of 100% of the Big Smokey Valley Project (160 placer claims covering 3,200 acres/1,295 hectares) located in Nye County, Nevada;
(3) acquisition of 100% ownership in the Black Rock Desert Project (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada;
(4) a 70/30 farm-out option JV to American Lithium Corp (LI.TSXV) on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America;
(5) acquisition of 100% in the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada;
(6) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada;
(7) the acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.
Press Release Highlights
- Announced significant lithium results from initial surface exploration at Black Rock Desert
- Tim Fernback has joined the company as the CFO
- Randy Avon has joined the advisory board for the company
- Paid full annual Bureau of Land Management (BLM) fees for all seven projects
- Agreed to Joint Venture on the Clayton Valley BFF-1 Lithium Project with American Lithium (LI.TSXV)
- Agreed to an Option Agreement with LiCo Energy Metals (LIC.TSXV) at the Dixie Valley Project.
- Completed upgrade to the OTCQB® Venture Market
- Expanded the San Emidio Project and will being a lithium exploration survey, with results available in Fall 2016
Nemaska Lithium Project Shaping Up on Time and on Budget $NMX.ca
QUEBEC CITY, QUEBEC–(Marketwired – Oct. 6, 2016) – Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX)(OTC:NMKEF) is pleased to provide an update on the advancement of its Phase 1 Plant and site preparation of the Whabouchi Mine in Quebec, Canada.
Phase 1 Plant
The Phase 1 Plant is on time and on budget. Electrical lines have been installed at the Phase 1 Plant facility and Nemaska Lithium has signed a 5 year natural gas contract. Construction modifications to the interior of the Phase 1 Plant building are nearing completion in anticipation of receiving plant equipment. To date, all the major equipment items have been ordered from suppliers and certain items have been received. The electrolysis cells are expected to be received by the end of October with commissioning to commence in November and December 2016.
Lithium Hydroxide Samples to Customers in Q1 and Q2 2017
Initial shipments of battery grade lithium hydroxide from the Phase 1 Plant are expected to commence to Johnson Matthey Battery Materials (JMBM) in Q1 2017 under a tolling agreement. As previously announced, Nemaska Lithium is targeting to ship battery grade lithium hydroxide commercial representative samples to JMBM and other potential customers in Q2 2017. These lithium hydroxide samples will be shipped to customers to enable them to qualify Nemaska Lithium’s hydroxide products while the Corporation builds its commercial mine and Hydromet Plant.
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