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Results From Junior Miner in South America's Lithium Triangle Continue to Impress Industry


News provided by

USA News Group

31 May, 2018, 13:00 GMT

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LOS ANGELES, May 31, 2018 /PRNewswire/ --

FN Media Group Presents USA News Group News Commentary  

New grades emerging from a junior miner in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar continue to exceed expectations for this lithium rich area.

Junior mining exploration company NRG Metals Inc. has come up on the radar for its growing interests in South America's prolific Lithium Triangle that encompasses Bolivia, Chile and Argentina. Results pouring in from the company are generating interest and focusing other lithium companies on further developments as the project emerges.

The area where NRG Metals Inc. (TSX:NGZ) (OTC:NRGMF) is operating has seen a swarm of company's looking to capitalize on the high grade lithium that is becoming the benchmark for the region. Both FMC's (NYSE:FMC) producing Fenix mine and Galaxy Resources' (OTC:GALXF) Sal de Vida development stage project are in close proximity to NRG Metal's project. Those are likely two of the highest profile projects in the triangle, alongside of Orocobre Ltd. (OTC:OROCF), a recognized lithium miner from Australia and its Salar de Olaroz in Jujuy Province.

This round of results, just published as assays from NRG Metals' current drilling program on the Hombre Muerto Norte project, include some truly outstanding results collected over the first 100 meters of the hole including average 905 mg/l lithium with a low Mg to Li ratio of 3.0 to 1.0.

In terms of lithium grades, these are significantly above expectations for this salar (brine type deposit) and most in the area. Industry experts say they are "exceptional results from the initial sampling…" and point out that the lithium grades and low Mg to Li ratios exceeded expectations.

Possibly the Best of the Bunch

The high grades and favorable Mg to Li ratios are an excellent mix in terms of lithium resources that are suitable for high tech applications. For this reason, these kinds of grades, if consistent, could have a very positive impact on the future value of NRG Metals' project and the interest being generated.

NRG Metals is moving quickly on this positive news. Drilling has advanced to a depth of 300.5 meters, and brine is present from the surface to the bottom of the hole. Drilling on the hole is currently being paused to collect brine samples from 300 to 100 meters. Once sampling of this interval has been completed, the company plans to resume drilling to confirm the comprehensive results.

Certainly large companies with outside interests in lithium have taken notice of NRG Metals' lithium efforts. The company attracted a significant Chinese battery material producer through closing on a $1.4 million private placement to fund ongoing exploration activities in Argentina and the potential, as an Off-Take producer, for future lithium products extracted.

In essence, the offtake agreement means that NRG Metals (TSX:NGZ) (OTCQB:NRGMF) could end up selling its lithium before it's even mined - and become successful without the need for a large cap ex investment in production that could take several years to complete.

Lithium Still Gaining Ground

As evidenced by Tesla and the major automotive manufacturers, lithium plays a critical role in the development of rechargeable batteries, with li-ion varieties being most popular amongst electronics manufacturers and EV makers. This spike in demand for lithium used in EV batteries continues to rise, and lithium prices are poised to rise yet again.

Not surprisingly, the price of lithium has already doubled in the last two years and industry watchers believe the trend will continue for the immediate future. Lithium carbonate prices have been drifting lower recently, but remain comfortably above $20,000 a tonne from $6,450 per tonne at the beginning of 2015. Top producer SQM said last week it expects first half lithium prices to average 20% above Q4 2017.

Since mining is typically an expensive and complex undertaking, response to demand spikes takes some time. Mining juniors tend to allow demand forces to push up prices up before making a capital outlay on mining operations expansion in order to ensure that their investments are covered. This fits the NRG Metals' scenario perfectly. The company appears to be all-in on its Lithium Triangle projects.

In addition to the Hombre Muerto Norte project, NRG Metals is evaluating its 29,000-hectare Salar Escondido project in Catamarca province where the company recently completed a 400 -meter rotary hole. The diameter of the hole is currently being enlarged by reaming to install casing so that it can be sampled.

Other lithium mining companies with serious interest in the Lithium Triangle Play include

FMC (NYSE:FMC)

FMC Corp. is a Philadelphia-based chemical company that continues to ramp up its lithium production. While not its entire business, the lithium segment of its operations has been highly profitable in recent years. FMC has stated that it is planning to triple lithium hydroxide production capacity by 2019. FMC management also said that it was not ruling out the possibility to spin-off FMC's lithium segment as a separate publicly owned company.

Galaxy Resources (OTC:GALXF)

Galaxy Resources Limited is a lithium-focused resources company with assets spanning Australia, Canada and Argentina. Galaxy is currently advancing plans to develop the Sal de Vida Lithium and Potash Brine Project ("Sal de Vida") in Argentina. Galaxy is also invested in the Mt Cattlin Spodumene Mine near Ravensthorpe in Western Australia and the James Bay Lithium Pegmatite Project in Quebec, Canada.

Orocobre Ltd. (OTC:OROCF)

Orocobre Limited operates primarily in Argentina. The Company engages in the production ramp up of its Olaroz Lithium Facility and the operation of Borax Argentina S.A. (Borax Argentina). Its Olaroz Lithium Facility is located in the Puna region of Jujuy Province in northern Argentina, over 230 kilometers northwest of the capital city of Jujuy.

For a more in-depth look into NGZ and the shift in the lithium space you can view an in-depth article at USA News Group: http://usanewsgroup.com/2018/03/12/analysts-predict-lithium-sector-is-growing-faster-than-any-other-sector-in-the-past-decade/

http://usanewsgroup.com

info@usanewsgroup.com

Legal Disclaimer/Disclosure This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

DISCLAIMER: USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
e-mail: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

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