If you are following the Lithium Story you have a sense by now that the most desirable part of the business is connected to Lithium Brine production.
It is the most economical way to produce Lithium in general terms, when Lithium is actually only a part of the credit in the total Lithium Brine Economics. Another main revenue driver is Potash - now-a-days it is a great combinations and that is why majority of M&A in Lithium place was concentrated around Salars with Lithium Brines.
The 3rd Lithium Supply and Markets conference was held in January this year in Toronto. It was very interesting to find out that actually Hard Rock source of Lithium is of great interest to many Chinese companies. They have built facilities using the cheap source of state based financing and, according to some sources, have a lot of spare capacity without secured supply of Lithium spodumene. 12th 5-year plan in China announced that Electric Cars will become the strategic industry and China has very high ambitions to become the largest producer of Lithium Batteries and Electric Cars in the world. Galaxy from Australia was very vocal at the conference about increasing demand for this Lithium bearing mineral from China and now Talison is moving forward with its expansion program after recent financing.
"The net proceeds of the Offering will be used primarily to fund the Stage 2 expansion of the Greenbushes Lithium Operations (Western Australia), for exploration of the Salares 7 Lithium Project (Region III, Chile), and for general corporate and working capital purposes."
As you remember, we are going with our capital into the early stage Lithium stories, which will be driven not only by the company own developments and underlining commodities, but by M&A activities around that company. TNR Gold with its International Lithium is our Top Pick now in the Lithium and Rare Earths sector after another company - Rodinia Lithium made a deal with Chinese Shan Shan. We are more than biased and you should not mistaken our excitement about Electric Cars and strategic commodities: Lithium and Rare Earths - with an investment advise.
We are pleased to see that the company is not sleeping and moves forward its exploration program even within strict exchange pre IPO rules. We hope that next developments in this company will be worth all this wait and preparations.
TNR Gold (TNR.V) (position held) will spin off International Lithium Corp. this spring according to company spokesman, Jerry Huang. In that situation, the Lithium properties in South America will be spun off with International Lithium while the gold, silver and copper properties will stay with TNR. Holders of TNR stock will receive 1 share and one warrant in ILC for each 4 shares held in TNR, thereby allowing shareholders to immediately own ILC shares."
Review Board recommends approval of TNR Gold Mineral Exploration Program
Review Board recommends approval of TNR Gold Mineral Exploration Program
by Mackenzie Valley Review Board on Thursday, January 20, 2011 at 8:00am
On January 20th, 2011 the Review Board submitted its report of environmental assessment on the proposed TNR Gold Corporation Ltd. mineral exploration project at Moose Property to the Honourable John Duncan, Minister of Indian Affairs and Northern Development. Please see attached news release (Click on thumbnail) for more information. A copy of the decision can be found at the link below. Cover Letter and Report of Environmental Assessment for TNR Gold Corp Ltd. Media are asked to contact Renita Jenkins, Manager of Communications at 867-766-7051 with any questions.
Attached file: January_20th_MVEIRB_News_Release_-_TNR_Gold_REA.PDF
"ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects that have been painstakingly selected by ILC's technical experts under stringent guidelines. The key outstanding characteristics shared by all the rare metals' projects are their underexplored nature, excellent accessibility, under-analyzed rare metals' history, initial high confidence level that additional exploration will add project value and ultimately the potential to develop the projects to address the global technological growth in demand for the rare metals' suite of elements.
Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The surficial area is disturbed from the historic mining activity with the 2010 exploration program limited as to exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the future potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below the 25 metre mark or extend beyond the local workings."
Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.
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