NRG Metals Inc. is pleased to announce that it has filed on SEDAR, its preliminary economic assessment following the summary results previously announced. The PEA report was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., both industry leading independent engineering consulting firms. KEY POINTS After-tax Net Present Value 8% discount rate $217 million After-tax Internal Rate of Return 28.0% CAPEX [...]
NRG Metals Inc. is pleased to announce it has formed a "strategic alliance" with Lilac Solutions of Oakland, California. Lilac has developed and patented a new ion exchange technology, the "IX Process," to address the challenges of conventional evaporative extraction of lithium from brines. The company's unique ion exchange beads and continuous brine processing system together enable a simple, modern, and robust process [...]
NRG Metals Inc. has announced a Private Placement of up to twenty million units at a price of CDN$ 0.225 per unit for gross proceeds of up to CDN$ 4,500,000. Each unit will be comprised of one Share and one transferable common share purchase warrant. Each warrant will allow the holder to purchase one Share of the Company at a price of CDN$ 0.35 for a period of five years from closing. The Private Placement will be open to [...]
US$217 million after-tax Net Present Value at 8% discount rate and Internal Rate of Return of 28.0%; PEA based on a production rate of 5,000 tonnes of lithium carbonate per year; Processing based on simple and proven solar evaporation technology; Expected mine life of 30 years with a 3 year ramp up period starting 2021; Fully loaded operating cost of US$3,122 per tonne of lithium carbonate; Total capital expenditure of [...]
Highlights US$217 million after-tax Net Present Value at 8% discount rate and Internal Rate of Return of 28.0%; PEA based on a production rate of 5,000 tonnes of lithium carbonate per year; Processing based on simple and proven solar evaporation technology; Expected mine life of 30 years with a 3 year ramp up period starting 2021; Fully loaded operating cost of US$3,122 per tonne of lithium carbonate; Total capital [...]
NRG Metals Inc. announces that it has completed a new agreement with the owner of the Hombre Muerto North Lithium Project in Argentina. The revised Option to Purchase Agreement is as follows: Payment of $ US 500,000 and the issuance of 1,000,000 common shares Payment of $ US 500,000 on or before June 24, 2019 On or before March 22, 2020, Payment of $ US 1,000,000 and the issuance of 2,250,000 common shares On or before [...]
NRG Metals Inc. is pleased provide an update on progress with a Preliminary Economic Analysis of the Hombre Muerto North Lithium Project, located in Salta Province, Argentina. The evaluation is being conducted by Knight Piésold Consulting and JDS Energy & Mining . The analyses are currently focused on process engineering optimizations. Simultaneously, design work and evaluation of site infrastructure is ongoing [...]
NRG Metals Inc. is pleased to announce it is working with Eastern Shore Microbes of Virginia, USA, to evaluate the potential for enhancing evaporation characteristics if lithium brine at the Hombre Muerto North Lithium Project located in Salta and Catamarca Provinces, Argentina. E.S.M. is developing Halophillic Evaporative Applications Technology The process has been utilized to evaporate and clean brines from curing [...]
NRG Metals Inc. is pleased to announce that it has selected Knight Piésold Consulting and JDS Energy & Mining to prepare a National Instrument 43-101 Preliminary Economic Assessment on its flagship Hombre Muerto Norte Lithium Project, located in Salta Province, Argentina. The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production. The development strategy for HMN [...]
NRG Metals Inc. is pleased to report it has issued and filed a technical report titled "Initial Measured Lithium and Potassium Resource Estimate Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina." The report was completed in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, on behalf of the Company by independent consultants Montgomery and Associates, of Santiago [...]
HIGHLIGHTS 756 parts per million Li contained within 571,000 tonnes in the Measured Indicated Categories Low magnesium to lithium ratio of 2.6 to 1.0 Second well pumps at 20 liters per second limited only by pump size NRG Metals Inc. is pleased to provide additional information regarding the maiden lithium and potassium resource statement for its Hombre Muerto Norte lithium brine project in the Salta province of [...]
NRG Metals Inc. is pleased to report a maiden lithium and potassium resource statement for its Hombre Muerto Norte lithium brine project in the Salta province of Argentina. The NI 43-101 resource statement, detailed in Table 1 below, includes 509,000 tonnes of lithium carbonate equivalent and 1,609,000 tonnes of potash equivalent in the Measured and Indicated Resource categories, with an additional 62,000 tonnes of LCE [...]
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