Tesla IPO +40% - Lithium.Com is Back! TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, TSLA, GOOG, RIMM, AAPL, FCX, BHP, RTP, F, GM, GDX, SLV, QQQQ, HAO.v,

Tesla's stock finished the day up more than 40% today in a very ugly markets with NASDAQ down more than 4% during the day. Lithium.Com is back and Electric Cars will be the hot thing in the coming years. There is money and there is appetite for the new sector, now we can prep our Lithium and REE plays to be on the radar screens later in this cycle. Tomorrow's reaction will be the best PR campaign after BP's one with Oil Spill for the whole idea about existing alternative to the Oil in our transportation. Even in stagflation with very low nominal growth there will be Pockets of Growth and money will be chasing it. Tesla can not justify any valuation at this level - the only idea about value is Tesla S model still years away from the market, but it is the new Netscape and nobody would like to miss next Google as well. There was simply no place to invest in electric cars play yet and we can see the result today. Long term value will be in a Value Chain for Electric Car. Lithium and REE will be at the foundation of this disruptive technology.

"Surprise, surprise: 50 million - this number will make Electric cars theNext Big Thing with explosive growth rate. Nobody knows for sure, but it is our big IF - What if people decide that it is Cool to Drive an Electric Car? Please note the place of Asia in this estimation: it is demographic situation multiplied by disruption technology to address the Peak Oil scenario. We have a downside risk as usual: Deflation can still grip its power, but with scared G20 leaders RBS is calling now for QE and run of printing press at unprecedented level sighting "the best paper ever written on Depression" by Mr Bernanke. RBS was spot on the money before the crises (it did not help them anyway) and now we have them backing our case. After all the years betting "against the FED" we are putting our bets on the FED and its final resource. Situation is so bad in the Western banking system and with sovereign debt, that there is no other way than to Inflate our way out of the debt and keep all Insolvent system running preventing collapse. In case that we will not end our lives living in caves we will need to cope with much higher Oil prices and it is even more explosive than Bull market in Gold from 2002: we are talking not about wealth preservation, but about food on the table in five years time. With Oil solidly above 80 USD per barrel our Lithium squad will start its second leg up. European debt scare will pass with new amount of Liquidity pumped into the system: pockets of growth will benefit exponentially with flood of money fighting for the yield. Tesla's IPO brings big players into the sector and news wires into action and ignites Electric Fever. Lithium Rush will be next to follow."

Lithium Drive: Hybrid Electric Cars Likely To Attract 50 Million Potential Buyers TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, LMR.v, HAO.v, ABN.v, LIT.v,

C.S. Surprise, surprise: 50 million - this number will make Electric cars the Next Big Thing with explosive growth rate. Nobody knows for sure, but it is our big IF - What if people decide that it is Cool to Drive an Electric Car? Please note the place of Asia in this estimation: it is demographic situation multiplied by disruption technology to address the Peak Oil scenario. We have a downside risk as usual: Deflation can still grip its power, but with scared G20 leaders RBS is calling now for QE and run of printing press at unprecedented level sighting "the best paper ever written on Depression" by Mr Bernanke. RBS was spot on the money before the crises (it did not help them anyway) and now we have them backing our case. After all the years betting "against the FED" we are putting our bets on the FED and its final resource. Situation is so bad in the Western banking system and with sovereign debt, that there is no other way than to Inflate our way out of the debt and keep all Insolvent system running preventing collapse. In case that we will not end our lives living in caves we will need to cope with much higher Oil prices and it is even more explosive than Bull market in Gold from 2002: we are talking not about wealth preservation, but about food on the table in five years time. With Oil solidly above 80 USD per barrel our Lithium squad will start its second leg up. European debt scare will pass with new amount of Liquidity pumped into the system: pockets of growth will benefit exponentially with flood of money fighting for the yield. Tesla's IPO brings big players into the sector and news wires into action and ignites Electric Fever. Lithium Rush will be next to follow.

Survey: Hybrid Electric Cars Likely To Attract 50 Million Potential Buyers

KUALA LUMPUR, June 25 (Bernama) -- The plug-in hybrid electric vehicles (PHEVs) are likely to attract about 50 million drivers globally, said a survey by Ernst & Young's Global Automotive Centre.

In a statement here Friday, Ernst & Young said over 25 per cent of the drivers surveyed across the US, Europe, China and Japan said they would likely consider buying PHEVs as soon as they were available on the market.

The survey said nearly seven per cent of the respondents indicated they would definitely consider buying a PHEV, it said.

"Applying each market's percentage of those who said they would definitely buy to the number of registered drivers in each region results in a potential early adopter group of approximately 50 million drivers globally, over half of which are in China," it said.

Ernst & Young Global Automotive Leader, Mike Hanley, said the survey showed that PHEVs and electric vehicles had the opportunity to make a significant entrance into the global automotive market over the next few years.

"Even if only a small portion of the survey respondents who said they would definitely consider one of these vehicles are serious, there will still be more than enough demand to sell out the estimated 2010 and 2011 production runs of the major and new vehicles manufacturers," he said.

-- BERNAMA

Electric Fever: Tesla prices IPO above range at $17 a share TNR.v, CZX.v, LMR.v, RM.v, LI.v, WLC.v, SQM, FMC, ROC, F, NSANY, BYDDY, HEV, AONE, FCX, GM

Tesla was able to price its IPO at the high band and is raising now more than double the amount announced before - it is a very good appetite for the first public Electric Car play. Will be interesting to see trading today in these kind of markets. Will Lithium plays be able to define the gravity as well in their trading now? Word about electric Mobility is out and Tesla will be the best PR campaign now.

MarketWatch:

Tesla prices IPO above range at $17 a share

By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) -- Silicon Valley-based electric-vehicle maker Tesla Motors Inc. said Tuesday it had priced its much-awaited initial public offering at $17 a share, above the planned $14-$16 range.

Earlier in the day, the electric car maker had increased the number of shares for the IPO by 20% to 13.3 million shares, of which insider holdings will constitute 1.4 million shares.

MarketWatch

Tesla logo outside a showroom in Chicago.

Tesla said that those selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1.995 million common shares to cover for any over-allotments.

The price implies an issue size of $260 million, including the possible sale of any additional shares to cover the over-allotment.

The shares are slated to begin trade Tuesday under the ticker TSLA.

Tesla, whose top-end Roadster model sells for more than $100,000, was founded in 2003 by Chief Executive Officer Elon Musk and Chief Technical Officer J.B. Straubel. It has yet to turn a profit.

Nonetheless, the stock is likely to attract a cult following, said Scott Sweet, senior managing partner of IPO Boutique. Read full story on Telsa IPO."

End of Oil? Hardly, but Lithium market could bloom as tide goes out on oil TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, RES.v, QUC.v, AVL.to, FCX, GDX, SLW

Tesla's IPO, hopefully, will bring awareness about existing technology to address Peak Oil situation when we still have some time left. Next step will be to connect the dots and waken up to the security of strategic supply of Lithium and REE as a basis for new energy storage solutions and smart grid distribution systems based on V2Grid. We still need oil for air travel, plastics and another industrial application, transportation could be taken today out of Peak Oil situation and we can prolong Oil supply before other solutions will be found.

AFP:

Lithium market could bloom as tide goes out on oil

By Adrian Addison (AFP)

HONG KONG — Lithium is not much to look at. It's a soft and light, silver-white metal known for its use in mood stabilising drugs.

But the 25th most abundant element on earth could, one day, help cure the world of its addiction to oil -- as a key ingredient in batteries.

US geologists last week released the results of a survey showing around a trillion dollars worth of minerals in Afghanistan, which could make the war-ravaged state "the Saudi Arabia of lithium", according to a Pentagon memo.

But mining and technology firms have long been looking at lithium through eyes lit with dollar signs.

Lithium-based batteries are used in everything from mobile phones and laptops, to iPods and iPads, as well as military and medical hardware. They have even made their way into the human body, powering pacemakers.

But the main reason companies are betting on lithium is the projected explosion in the number of electric and hybrid electric vehicles.

Nissan, Honda and Toyota are among car-makers now gambling that electric vehicles, with their zero tailpipe emissions, will catch on and start to drive traditional gas-guzzlers off the road.

All will need batteries. Lots of batteries.

Lithium-ion rechargeable batteries, and potentially new batteries such as lithium-air, are seen as the best option by many manufacturers over other battery types as they are lightweight and efficient, and can hold more power.

Subbu Bettadapura, Malaysia-based associate director of energy research company Frost and Sullivan, says the battery market is set to grow massively.

The lithium-ion battery market for electric and hybrid vehicles is, he says, conservatively-estimated to be set to grow from 2,400 units in 2008 to 1.53 million units by 2015.

"The tide is definitely going out on oil, in the long run," he told AFP. "The world's dependence on oil will decline and will be replaced by other fuels, such as lithium-ion batteries."

The US, the world's second biggest polluter after China, clearly agrees.

President Barack Obama has said he wants a million hybrid electric cars on America's roads by 2015.

And, at a groundbreaking ceremony for a new lithium-ion battery plant on Monday, Vice President Joe Biden said such factories could reduce US dependence on foreign oil and prevent disasters like the Deepwater Horizon oil leak in the Gulf of Mexico.

"This is the beginning of a revolution in the production of energy in the country," said Biden at the ceremony for Dow Kokam?s plant in Midland, Michigan, which will make batteries for 60,000 electric vehicles a year.

Japanese, Chinese and South Korean manufacturers dominate the lithium-ion battery market, and Asia-Pacific lithium mining projects are coming thick and fast.

Australian mining firm Orocobre signed a deal in January with the raw materials arm of motor giant Toyota for a lithium project in Argentina.

This month, a South Korean consortium launched a lithium exploration joint-project with a Canadian mining firm, also in Argentina. There are several other deals either signed or in the pipeline.

The world's largest lithium reserves lie in Bolivia at the Salar de Uyuni - in the remote southern Andean plane. But Bolivia's left wing government is not seen as a country friendly to foreign industry, so investment has tended to flow elsewhere -- to its South American neighbours.

Galaxy Resources, an Australian mining and chemicals company, will soon commission the world's second largest spodumene -- a source of raw lithium -- mine in Western Australia, to be processed at its plant in China.

Oil may have had its day, says Anand Seth, Galaxy's marketing chief, but it will be around for a long time yet.

"Is it the end of oil? I wish!," he told AFP. "But it is not so simple and probably not in our lifetime.

"The lithium batteries for electric vehicles are very much in the nascent stage and the infrastructure to charge these batteries needs to be developed and installed.

"The next five years will be critical in establishing such infrastructure for recharging the batteries and the technology and standardisation of batteries is also very important."

With IPO, Tesla bets on electric car's future TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, SQM, FMC, ROC, HAO.v, ABN.v, AVL.to, RES.v, QUC.v, LIT.v, NSANY,

Tesla's IPO will make news, when will it make money is another question. Future of Tesla depends on Model S which could become a breakthrough not only for the company, but for EV market as a whole. There were a lot delays in Tesla S launch and it is still years from the market, but IPO and Toyota stake in Tesla will make this progress moving much faster. Acceptance of this IPO will give us a very important indication about the market perception of this next big thing. Our place in Lithium market will depend on mass market for EVs and Tesla S is one of the important development for its launch. Who will make money in Electric Car space is still a very open question: for cars and batteries you need volume, right technology and the strong consumer market. Nissan Leaf and GM Volt have the best position now to capitalise on first entry basis, but share of revenues for Electric Cars in Nissan's and GM's financial statements will stay relatively low in order to bring any excitement of Dot.com bull. Battery makers and Lithium developers are providing the opportunity to capitalise on focused EV market launch plays now and you have to decide which risk you can tolerate more: technological or the one of mining exploration cycle. Even in the stagflation and low growth environment we will pockets of growth and Electric Cars with its disruptive technology to address Peak Oil situation is very well positioned for the next decade.

Tesla IPO Roadshow from SAI:

Tesla is a technology company, NOT a car company

"Tesla is a Silicon Valley company focused on technology and disruption. "Think closer to an Apple, or Google, than a GM or Ford," says Elon. Tesla is a "technology velociraptor."

Read more: http://www.businessinsider.com/teslas-ipo-roadshow-2010-6#tesla-is-a-technology-company-not-a-car-company-1#ixzz0sA9JBVJG

With IPO, Tesla bets on electric car's future

• DAN STRUMPF

"NEW YORK — NEW YORK (AP) - Tesla Motors Inc. begins selling stock to the public on Tuesday. The sale's success depends on how much investors are willing to bet on a car company that has never made a profit, sells a single vehicle and expects to lose money until at least 2012.

As for the car, it's electric - a kind of vehicle Americans have shown almost no appetite for - and it's very pricey.

But the Palo Alto, Calif., startup believes Americans' taste in cars is changing. Most analysts agree with Tesla that the internal combustion engine will soon make room for greener forms of powering cars, such as electricity, as gas prices rise and environmental worries mount.

But Tesla faces bigger questions than just consumer taste. It has lost $290.2 million since it was founded in 2003 and has never had a profitable quarter. It doesn't expect the red ink to go away until it starts selling its next vehicle, a four-door electric sedan called the Model S, in large numbers. That isn't scheduled "until 2012, or possibly later," according to its business plan filed with the Securities and Exchange Commission.

The only car that Tesla now offers isn't exactly a hot seller. Priced at more than $100,000, the two-door Roadster showed the world what electric cars can do, like accelerate to 60 mph in under 4 seconds. But Tesla has sold just 1,000 since 2008.

"They're going to have to have a dazzling road show explaining their numbers, which are not good," said Scott Sweet, who owns the research firm IPO Boutique.

Tesla will be the first automaker to go public since Ford Motor Co. held its initial public offering in 1956. It expects the stock sale to raise up to $185 million, which will fund the Model S and other corporate activities. The sale includes 11.1 million shares priced between $14 and $16.

Tesla's goal is to build 20,000 Model S sedans a year, which are expected to cost about $50,000 after federal tax credits. Tesla's production target puts it on par with other sporty luxury car brands, like Porsche, which sold about 20,000 cars in the U.S. last year.

Whether Americans will take to electric cars is another question.

One of the biggest obstacles to the wider adoption of electric vehicles has been their limited range compared with gas-fueled rivals. Supporters can argue that most people drive fewer than 40 miles a day, well within the range of the 300-mile-per-charge Model S. But Americans love their road trips and dread the thought of an electric car running out of juice mid-journey.

"There are very few places you can plug in your electric vehicle where you park, during your day, at the office," said Angus MacKenzie, editor in chief of Motor Trend magazine.

Even if Americans embrace electric cars, by the time the Model S arrives it will likely have stiff competition. Nissan Motor Co. is already taking orders on its electric car, the Leaf, which gets 100 miles per charge and is priced at about $25,000 after tax credits. The Chevrolet Volt, an electric car with a gasoline range-extender, goes on sale by the end of this year with a $35,000 price tag.

Tesla itself warned investors that it could lose any competitive edge if it fails to keep up with the latest advances in electric car technology.

But Tesla has its strengths, including some high-profile backers. Chief among them is CEO Elon Musk, the 38-year-old entrepreneur who was an inspiration for the playboy business mogul of the Iron Man films, Tony Stark. Musk's resume includes founding PayPal and running the rocket manufacturer Space Exploration Technologies.

"He's been successful at attracting capital, not just at this company, but other ventures," said Matt Therian, analyst with the IPO research firm Renaissance Capital in Greenwich, Conn.

Another key supporter is the U.S. government, which has kicked in a $465 million loan through an Energy Department program designed to encourage electric car technologies.

Other backers include Toyota, which last month agreed to sell Tesla a plant in Fremont, Calif., and invest $50 million in the electric car maker. Tesla plans to use the plant to build the Model S.

Toyota and others are "in essence, endorsing the concept, the product and management," said Sweet of IPO Boutique.

With everything riding on a little-tested technology, there's an echo of dot com-era bravado in Tesla's IPO.

Investors will decide for themselves whether Iron Man will be enough to lift Tesla off the ground."

TNR Gold 2010 Annual General and Special Meeting Held/Proceeds With Spinout of International Lithium TNR.v, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, LMR.v, F

TNR Gold 2010 Annual General and Special Meeting Held/Proceeds With Spinout of International Lithium

Press Release Source: TNR Gold Corp. On Friday June 25, 2010, 11:14 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2010) - TNR Gold Corp. (TSX VENTURE:TNR - News; "TNR" or the "Company") held its Annual General and Special Meeting on June 22, 2010 and is pleased to announce that all agenda items, as outlined in the Company's information circular dated May 10, 2010, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung, Mr. John Fraser and Mr. Hari Varshney.

Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was reappointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Paul Chung was reappointed Secretary and Mr. Jerry Bella was reappointed Chief Financial Officer.

The proposed Plan of Arrangement involving the Company and International Lithium Corp. ("ILC") was also approved by the shareholders and the Courts of British Columbia. The purpose of the Arrangement is to spin-out TNR's lithium mineral property interests into a separate public company, ILC. TNR will now proceed with the spin-out and will update on the progress of the spin-out in further news releases. For further details of the spin-out please refer to TNR's May 26, 2010 news release or visit http://www.internationallithium.com.

ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.

TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-out of International Lithium Corp.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Powered by Lithium: Electric car industry gets a charge from BP oil spill TNR.v, CZX.v, RM.v, LMR.v, LI.v, WLC.v, CLQ.v, LIT.v, LAT.v, LUN.to, RTP, FC

Finally we have some discussion about alternatives and already existing technology - Electric Cars to make the transition to the Post Carbon society reality.

"We were running on Oil for the last 100 years - what will be the next Energy basis for our survival? If we account all expenses for Oil and military protection of its supply Oil price is already well above 100 USD/barrel. Now BP Oil Spill national disaster will add billions to this price. Will Obama use this chance and move his Energy Security Agenda forward now, when time is running out with every barrel of Oil burnt in our engines? We are talking not only about our life styles and poor birds dying in the Gulf: we are talking about West as a society based on Oil addiction. It is not sustainable any more. There is no Cheap Oil any more left:"







FT:

Electric car industry gets a charge from BP oil spill
By Bernard Simon in Toronto and John Reed in London

Published: June 23 2010 03:00 Last updated: June 23 2010 03:00

The Gulf of Mexico oil spill has galvanised the electric car industry as policymakers, investors and consumers show a renewed interest in alternative energy sources.

Shares in makers of batteries and other electric-vehicle components have risen sharply, particularly since Barack Obamasaid in his address from the Oval Office last Tuesday that "the tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a cleanenergy future is now".

Polypore International, a maker of filtration membranes for lithium-ion batteries, was up 16 per cent over the past week in early trading yesterday.

A123 Systems, a battery maker, has gained 5 per cent. Ener1, another battery maker, has risen about 16 per cent.

Bryce Dille, analyst at JMP Securities in San Francisco, said: "The BP oil spill is raising concerns about the impact that our transportation sector is having on drilling, onshore and offshore."

The brightening investment climate has helped encourage Tesla Motors , a Californiabased electric car maker, to press ahead with a public share offering. Tesla aims to raise between $155m (£105m) and $178m in the offering, expected to be priced next week.

The IPO has commanded attention in spite of Tesla's modest size and the fact that it is unprofitable.

As at the end of March, Tesla had delivered 1,063 of its battery-powered roadsters, which sell for a starting price of about $109,000.

The company lost $29.5m in the first quarter of this year and about $290.2m cumulatively since its founding, and expects losses to increase as it develops new models.

Michael Lew, analyst at Needham & Co, said that if Tesla's IPO was well received, battery stocks should do well.

Mr Lew estimated that demand for lithium-ion batteries would grow from about $1bn next year to almost $25bn in 2015.

However, some analysts and car industry executives express doubts about how quickly consumers will adopt electric cars because of their high initial price and limits on battery performance and recharging infrastructure.

Roland Berger StrategyConsultants warned in a report in February that a bubble was forming in lithium-ion battery production.

It said the sector would "conservatively" have twice the capacity it needed to supply electric and plug-in hybrid cars by 2015

TNR Gold Comments on Minera Andes Mineral Resource Increase at Los Azules Project TNR.v, MAI.to, CZX.v, GG, AUY, FCX, LUN.to, RTP, BVN,

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.

TNR Gold Comments on Minera Andes Mineral Resource Increase at Los Azules Project

Press Release Source: TNR Gold Corp. On Tuesday June 22, 2010, 7:22 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) announces that it has become aware of a news release issued by Minera Andes Inc. ("MAI") on June 21, 2010 disclosing an increase in the inferred and indicated mineral resources at the Los Azules Project.

As most recently disclosed by the Company in its press release of May 17, 2010, the Company is involved in a legal dispute with MAI regarding TNR's interest in the Project. As a result, a qualified person of TNR (within the meaning of National Instrument 43-101) has not been able to verify the information disclosed by MAI, and, thus, such information should not be relied upon by TNR shareholders.

The Los Azules project is an advanced exploration project in Argentina. TNR's wholly owned subsidiary, Solitario Argentina S.A., has served notice exercising its 25 per-cent back-in right to certain of the properties comprising the Project. Solitario's right to back into the properties is the subject of a lawsuit filed by Minera Andes, and the terms of the back in right are the subject of litigation between Solitario and Xstrata.

ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.

TNR and International Lithium Corp. ("ILC") are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's May 26, 2010 news release or visit http://www.internationallithium.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements. There is no assurance that the Company will be successful in the current litigation with respect to the Project. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration."

Lithium and Electrification: FedEx President Frederick W. Smith to Testify on Plan to End Oil Dependence TNR.v, CZX.v, LI.v, RM.v, LMR.v, WLC.v, CLQ.v

Video: Electrification Coalition.

"Electrification Coalition: more than a dozen business leaders -- including Carlos Ghosn, President & CEO of Nissan Motor Company; David W. Crane, President & CEO of NRG Energy; and Frederick W. Smith, Chairman, President & CEO of FedEx Corporation"

This legislation is the key to fast advance of the Electrification of U.S. transportation system. It can change the landscape literally overnight and will find a lot of support from businesses and population on the local level. Will Obama be able to move it forward?

Bloomberg Businessweek:

FedEx President Frederick W. Smith to Testify Tomorrow on Plan to End Oil Dependence

06/22/2010 10:15 AM ET

WASHINGTON Frederick W. Smith, Chairman, President and CEO of Fedex Corporation, co-Chairman of the Energy Security Leadership Council, and a member of the Electrification Coalition, will testify tomorrow morning at a hearing of the Senate Committee on Energy and Natural Resources. Smith will speak to the dangers posed by our nation's dependence on petroleum, and the plan to end that threat through the electrification of the ground transportation system. The hearing will take place at 10:00 a.m. in room 366 of the Dirksen Senate Office Building.

On May 27, Republicans and Democrats in both the House and the Senate introduced legislation designed to advance the wide-scale deployment of electric vehicles and to develop the infrastructure needed to support them. Those bills echo recommendations put forward by the Electrification Coalition by proposing a set of policies in which geographic areas would compete to be selected as electrification deployment communities: specific areas in which targeted, temporary financial incentives are employed so that all of the elements of an electrified transportation system are deployed simultaneously.

WHO: Frederick W. Smith, Chairman, President and CEO of FedEx Corporation

WHAT: Testimony before the Senate Committee on Energy and Natural Resources

WHERE: 366 Dirksen Senate Office Building

Washington, D.C.

WHEN: Tomorrow, Tuesday, June 22

TIME: 10:00 a.m.

The Electrification Coalition is a nonpartisan, not-for-profit organization committed to promoting policies and actions that will facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security vulnerabilities caused by our nation's dependence on petroleum."

Goldstone Resources: Premier - Drilling returns high-grade in multiple zones at Hardrock GRC.to, PG.to, GG, NEM, GDX, HUI, XAU, GBN.v, RGLD, AUY, BVN,

New Gold discovery in Canada - Hardrock is growing with every drilling reported, Goldstone Resources on another hand is trading lower than before Roxmark Mining Merger when the gold price was much lower. Premier is doing a very good job and is setting a very high benchmark for all J/V partners - we wish that our Lithium Plays have so aggressive partners on exploration side.

Premier - Drilling returns high-grade in multiple zones at Hardrock


Press Release Source: Premier Gold Mines Limited On Tuesday June 22, 2010, 8:32 am

Shares Issued: 98,790,220
THUNDER BAY, ON, June 22 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) is pleased to announce successful ongoing delineation of high-grade gold mineralization in multiple zones at the Hardrock Project in Northwestern Ontario. Highlights from recent drilling include extensions of the SP Zone down-plunge and significant step-out intersections in one of the primary resource targets, the NN Zone:


- Drilling has defined several lenses within the SP Zone over a plunge length of some 1,100 metres with recent step-out holes returning up to 11.69 grams per tonne Gold (g/t Au) across 6.7 metres (m) - or 0.34 ounces per ton (oz/t) across 22.0 feet and 9.09 g/t Au across 12.3m (0.27 oz/t across 40.3 feet). - Drilling at the NN Zone has expanded near-surface mineralization with open-pit style intersections of up to 8.14 g/t Au across 9.0m (0.24 oz/t across 29.5 feet) at depth. Drilling in the NN Zone is now focusing on testing for higher-grade, underground style mineralization and has returned intersections of up to 15.09 g/t Au across 3.8 m (0.44 oz/t across 12.5 feet) up to 100 metres down- plunge from previous drilling. - Expansion drilling at depth in the historically mined North Zone has confirmed additional high-grade mineralization with intersections a further 100 metres down plunge returning multiple zones and assays of up to 10.97 g/t Au across 3.7m (0.32 oz/t across 12.1 feet).

"Drilling at Hardrock is delivering strong results in multiple zones and, with continued success, has the potential to materially add to our current resource. After only one year of drilling, we presently have 1.2 million indicated ounces of gold as well as 1 million inferred ounces, using a 0.6 gram cut-off with no capping." stated Tim Twomey, Exploration Manager for Premier. "This is an impressive rate of discovery".


NN Zone -------
Recent drilling in the NN Zone validates potentially open-pit style mineralization, along strike and at depth below the previously announced NI43-101 resource at Hardrock. Current drilling in the NN Zone is focused on delineating narrower, underground style resources, and has successfully extended the zone a further 100 metres down plunge with multiple high-grade intersections.

Highlights include 15.09 g/t Au across 3.8 m (0.44 oz/t across 12.5 feet) in the underground target area 100 metres down-plunge from previous drilling and 8.14 g/t Au across 9.0m (0.24 oz/t across 29.5 feet) approximately 100 metres down-plunge from previously announced hole MM117 that returned an impressive 22.97 g/t Au across 24.8m (0.67 oz/t across 81.4 feet).

Follow-up drilling down-plunge continues to intersect mineralization within the NN Zone. New drill results from the NN Zone are contained in Table 1.



Drilling in the SP Zone has now intersected high-grade gold mineralization over a plunge length of approximately 1,100 metres with new results of up to 11.69 g/t Au across 6.7m (0.34 oz/t across 22.0 feet). This drilling is expanding on previously announced intersections that included
15.68g/t Au (0.46 oz/ton) across 3.4m (0.46 oz/t across 11.2 feet), 6.60g/t Au across 32.6m (0.19 oz/t across 107.0 feet), and 17.14g/t Au across 7.0m (0.50 oz/t across 23.0 feet) down-plunge from the historically mined SP Zone.

The SP Zone was partially mined in the upper levels at Hardrock with 264,354 tonnes (291,428 tons) of ore extracted at an average grade of 8.37g/t Au (0.244 oz/t). Intermittent historic drilling that tested the unmined down-plunge extension of the SP Zone suggests the potential to outline mineralization over a plunge length of nearly 3.0 kilometres (8,500 feet).

New drill results from the SP Zone are contained in Table 2.



One drill is focused on expanding mineralization below the bottom level of the Hardrock Mine in the historically mined North Zone. Hardrock was mined to a depth of 600 metres, shallow for an Archean gold deposit, and remained open at the time of closure. The new drilling is located approximately 100 metres down plunge from previously announced intersections that included 10.05 g/t Au across 24.2 m (0.29 oz/ton across 79.4 feet) in hole MM079B and 7.59 g/t Au across 23.3 m (0.22 oz/t across 76.4 feet) in hole MM092A. New drill results from the North Zone Deeps are contained in Table 3.



The Hardrock Project is operated under a joint venture with Goldstone Resources Inc. (TSX:GRC - News; Premier holds a 70% interest in the project). The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 Million ounces of gold primarily from shallow depths within 600 metres of surface from 1938-1968. The Hardrock Project benefits from development advantages with the Trans-Canada Highway, Trans-Canada
Pipeline, and major power lines running through the center of the property. A revised resource calculation is expected to be completed following the 2010 drill program containing both open pit and underground style resources.

Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Ancaster, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.

Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and Nevada, and a joint venture in Mexico. In the Red Lake gold mining camp, two projects are operated in joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and a 70% interest in the Hardrock Project. The company recently acquired Saddle Gold Inc. and now holds the Saddle Project and a royalty in Newmont's Emigrant Springs Project, both on the prolific Carlin Trend, in northeast Nevada.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections."