Wednesday, May 18, 2011

Asia Miner: Funds for lithium projects. Jiangxi Ganfeng Lithium strategic investment in Canada's International Lithium tnr.v, czx.v,, lmr.v, tsla, rm.v,,,, jnn.v, abn.v, res, mcp,, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai,, hev, aone, vlnc

  International Lithium story is making rounds in Asia now and we are looking forward to the ILC trading on TSX venture exchange in the nearest future. TNR Gold holds 30% in the company post IPO and Los Azules developments were even faster than we have expected - it will be very hot summer for these companies, even during the winter in Argentina.

From TNR Gold NR:

"The New Claim alleges that Xstrata and Minera Andes did not complete the required exploration expenditures required for Xstrata's exercise of its option on April 23, 2007 to acquire the Properties. On that basis, TNR and Solitario advance a claim of breach of contract and intentional interference with economic relations, and seek the return of the Properties, or alternatively, damages as against the defendants or any of them."

  These properties are called Xstrata on the map below. TNR Gold litigation team now seeks in this new claim that 
Northern half of the Los Azules deposit to be returned to TNR Gold."

"TNR Gold Corp.: International Lithium Corp. Spin-Out Approved and Record Date Set. Gary Schellenberg and Mike Sieb have built a very impressive group surrounding TNR Gold. Now we have the Strategic investor from China - Ganfeng Lithium - on board of this Lithium development story. Major shareholder of TNR Gold - Kirill Klip - is sitting tight and buying into International Lithium IPO; and financing is oversubscribed. Just last week another Insider announced his holding in TNR Gold with more than 10% - this story is getting traction among mining and energy industry insiders. Nova Gold is on board as well with stake just below 10% after transaction with Shotgun Gold deposit in Alaska and Barrick Gold is mentioned among shareholders.
  TNR Gold will hold 30% in International Lithium post IPO and "Big Copper in Argentina" - Los Azules developments are just around the corner now.
  Now it will be up to Mike Sieb - President of International Lithium - to show his magic one more time. He has built before Brilliant Mining into the 200 mil market cap in the Nickel business.

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.

Asia Miner:

Jiangxi Ganfeng Lithium Co, a leading China-based lithium manufacturer, intends to make an initial strategic investment in Canada's International Lithium Corp, which will result in it holding a 9.9% equity stake.
International Lithium says the investment by Ganfeng Lithium brings significant current and future project development assistance capability. The strategic relationship agreement between the two companies provides for certain marketing and offtake rights.

International Lithium’s president Mike Sieb says, “We welcome Ganfeng Lithium as a strategic investor with a prime directive to support the advancement of our core projects and ultimately as an integral member to assist us in realizing our goal to become a recognized international lithium and rare metals explorer and developer.”

Ganfeng Lithium, based in Xinyu, Jiangxi Province, is a professional producer of lithium products which has developed a comprehensive lithium product chain, including lithium metal and alloys, inorganic and organic lithium chemicals for the primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng's principal market is in China with international exports to Europe, Japan, USA and India.

International Lithium is a subsidiary of TNG Gold Corp, which has a portfolio of 18 active projects. TNG is spinning out its rare metals property interests to International Lithium. The acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms TNG's and International Lithium's commitments to generating projects, diversifying markets and building shareholder value.

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