EV >>>—Vehicles-October-02-17–&-Beyond——->How do we get there? >>>—Water, Air, Earth, Fire——->
#Inspired by Dad, Arch1, Griffin, HendrixNuzzles, #ZKSS, Robert Friedland, Matt Bohlsen
o ”LOVE is all that matters. Love IS all there is…” ~ Dad, Hours after flight! 😉
o ”Sums it up. just like a coffee maker. Clean out used grounds and repeat as needed. Espresso Scandium or Cobalt.” ~ ARTH1 https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/comment-page-9/#comment-4952887
o ”There are a lot of analysts predicting a cobalt shortage for lithium-ion batteries… Elons’ offer was a stink bid. 🙂 ” ~ Griffin
o HendrixNuzzles – https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/
o #ZKSS – https://www.stockgumshoe.com/author/dr-kss-md-phd/ #BestoftheBest #ZKSS
o “I’m giving you a stock tip. Buy CleanTeQ !” ~ Robert Friedland | CleanTeq > Robert Friedland 16% Jiang Zhaobai 16% thru control of Pengxin
o Towering icebergs in Greenland / Photo by @danielkordan https://twitter.com/EarthPix/status/914139567355305989
o EV Company News For The Month Of September 2017 https://seekingalpha.com/article/4110953-ev-company-news-month-september-2017 ~ Matt Bohlsen
o China’s Tibet opened first air ambulance center on Saturday with two helicopters that can carry a patient for up to 600 km https://twitter.com/PDChina/status/914758262834184192
o Blazing a New Future… https://ignyta.com/ | Fabulous Ingenuity Rarely Exhibited https://www.pinterest.com/pin/324540716887526896/ | 1st In Road Evolution -Fire
o Mexico is planning on building its own Hyperloop -Alexandra Appolonia/Sep 30, 2017 https://flipboard.com/@flipboard/-mexico-is-planning-on-building-its-own-/f-82bd51579c%2Fbusinessinsider.com? ht https://twitter.com/RickKing16/status/914768671255523330
o The 2017 #NobelPrize #Medicine “for their discoveries of molecular mechanisms controlling the circadian rhythm” https://twitter.com/NobelPrize/status/91478561816467456
This DISCLAIMER applies: https://www.stockgumshoe.com/disclaimer/ Long #ZKSS and the GREAT Gummunity! >>>—Best2ALL——->
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
NEW WEBSITE- Please Visit: http://www.siennaresources.com
New project has 12 old mines on the property
Project is Year Round Accessible with Paved Roads Right to Drill Targets
Drill Ready with Drilling Expected in Early 2018
Battery Metals Demand for Cobalt, Lithium, Nickel at Historically High Level Due to Electric Vehicle Battery Growth
CURRENT NEWS:
Sienna Resources Inc Defines Additional Drill Targets at Slättberg Cobalt-Nickel-Copper Project in Sweden
Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) is pleased to announce that initial results have been received from the ongoing magnetic survey work on the Slättberg Cobalt-Nickel-Copper Project in Sweden. High resolution magnetic surveys in the area of historic nickel-copper-cobalt mines have defined multiple strong magnetic responses along the trends of mineralization. These areas of strong magnetic response are interpreted to represent steeply plunging bodies of massive sulfide mineralization that is rich in pyrrhotite. The magnetic data appears to confirm additional continuity of drill defined zones of mineralization known from the historic drilling. Along with the historic drill data, this new magnetic data is being used to define multiple high priority drill targets for the upcoming drill program.
Further work prior to drilling will include additional magnetic surveys and integration of the new geophysical data with historic data sets.
Slättberg’s massive sulfide mineralization is known to be strongly magnetic, owing to its high concentrations of pyrrhotite, a magnetic ferrous sulfide mineral associated with the Co-Ni-Cu mineralization. The new magnetic data is being used to potentially generate additional high priority drill targets on the project. Drilling is slated to commence in the coming weeks.
Survey methods:
Field teams are using a G-859 Geometrics Cesium Vapor Magnetometer paired with a G-856AX Proton Procession magnetometer as a base station. Approximately 180-200 survey lines of 500 meters in length are planned at 25 meter spacing. This survey will cover the central portion of the trend of historic mine workings where the initial drill program will be focused. Additional surveys will be conducted across other prioritized areas in the coming months.
Jason Gigliotti President of Sienna Resources states, “We are very pleased with the pace and quality of the data being gathered to date on the Slättberg Cobalt-Nickel-Copper Project in Sweden. Field crews have diligently defined multiple new targets and we expect to be drilling in the coming weeks. We have just closed an oversubscribed placement for $2.5 million and we plan to deploy this cash strategically and immediately. Battery metals demand has never been stronger as most car companies and even countries have a plan for an expanded Electric Vehicle program putting significant long term upward pressure on cobalt, lithium, nickel, copper and graphite. We plan to very active in this space in 2018.”
Cobalt Prices Break Out to 10 year highs at $36.51 and Sienna closes oversubscribed PP for Cobalt Development.
Cobalt price 5-year _36.51.png
About Sienna Resources Inc.:
Recently Sienna received TSX Venture approval to go forward into an exploration and option agreement to acquire the Slättberg Cobalt-Nickel-Copper Project in Sweden (the “Project”). The Project consists of two adjacent exploration permits comprising approximately 9513 contiguous acres.
Jason Gigliotti president of Sienna states, “We are very pleased to receive approval for this exciting cobalt-nickel-copper prospect. Cobalt prices have just crossed fresh ten year highs, and we look forward to advancing this prospect. There are 12 historic mines on this property and with modern mining approaches, we are very optimistic about what this project could contain.”
Northvolt is planning to be the largest battery factory in Europe at roughly the same size as Tesla’s Gigafactory. Jason Gigliotti states “Northvolt wants to locally source as much battery material as possible such as cobalt and nickel. There are now more than 20 mega battery factories currently being planned or constructed globally, creating a massive demand on the battery metals such as lithium, cobalt and nickel. Sienna is focused on exploring and developing projects that will meet this insatiable demand.”
Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization that extends to ~100 meters in depth, and remains open for expansion at depth and along strike. The Project is accessible year round, with nearby rail, power and 5 smelters in the Nordic region. At least 12 historic mines are located on the property, with historic operations dating back to the late 1800’s.
geophysics.png
Mineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) located along the southwestern flank of a large gabbroic intrusive complex. The historic mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of “leptite”. This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.
occurrences.png
Sweden is at the forefront of an exploration and development boom in the mining industry. The country’s favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe’s largest active mines.
Northvolt is planning to be the largest battery factory in Europe at roughly the same size as Tesla’s Gigafactory. Jason Gigliotti states “Northvolt wants to locally source as much battery material as possible such as cobalt and nickel. There are now more than 20 mega battery factories currently being planned or constructed globally, creating a massive demand on the battery metals such as lithium, cobalt and nickel. Sienna is focused on exploring and developing projects that will meet this insatiable demand.”
sie gigafactory.png
‘Clayton Valley Deep Basin Lithium Brine Project’ in Nevada
clayton valley.png
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
If you would like to be added to Sienna’s email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
http://www.siennaresources.com
info@siennaresources.com
@SiennaResources Twitter
“Jason Gigliotti”
President, Director
Sienna Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
$FYI – EV Company News For The Month Of January 2018
by Matt Bohlsen @sa
Summary
Global electric car sales – 2017 was a record-setting year in every respect, showing the EV boom is accelerating.
2017 total year sales ended at a record 1,223,000, up 58% on 2016, and reaching ~1.4% market share.
EV market news – UBS forecasts “that in 2025, a massive 16.5 million electric vehicles will be sold – equal to almost one in every six new cars sold.”
EV company news – BMW to have 25 new electric models, and 25% of its sales to be plug-in electric vehicles by 2025. Toyota launches their e-Palette concept.
https://seekingalpha.com/article/4141634-ev-company-news-month-january-2018?uprof=46&isDirectRoadblock=true
$BKTPF, $ECSIF, #Co, #Li…
Electric Vehicles (EV) and Niche Metals Demand Fueling Positive Outlook for Cobalt and Lithium Mining Industry
https://www.prnewswire.com/news-releases/electric-vehicles-ev-and-niche-metals-demand-fueling-positive-outlook-for-cobalt-and-lithium-mining-industry-672922083.html #Best2ALL!
$BYDDF Travis does it again 🙂
“Apple Founder Calls Elon Musk a Liar”
https://www.stockgumshoe.com/reviews/bubble-and-bust-report/apple-founder-calls-elon-musk-a-liar-buy-this-10-ev-company-instead/
$HEG.asx #Aluinum .15AUD – https://twitter.com/KumovaTolga/status/962878880074760192
Doesn’t really matter which car company wins the electric vehicle race. The fact that competition has begun is enough ~ Tolgo
ty https://twitter.com/KumovaTolga/status/962501436654284800
Porsche is going to spend €6 billion ($AU9.4 billion) on electric mobility by 2022.
The investment doubles the company’s previously announced €3 billion ($AU4.7 billion) investment.
The money will go towards the development of the Porsche Mission E, electrification of existing models, charging infrastructure, and facilities updates.
Porsche is going all in on electric cars.
Read more at https://www.businessinsider.com/porsche-7-billion-dollar-bet-on-electric-cars-should-have-tesla-worried-2018-2#aKF8MABZSF7dRPrB.99
I wonder what other minerals are sitting out in sunny Africa for electric vehicles. $SYR $AVZ https://www.bloomberg.com/amp/news/articles/2018-02-02/electric-cars-and-niche-metals-lure-cash-back-to-african-mines
ty https://twitter.com/KumovaTolga/status/961363261290512384
Market playing games doesn’t change the electric vehicle thematic. Nissan comes out saying $9 bil investment. Steam train coming through.
ty https://twitter.com/KumovaTolga/status/960756337897439237
Apologies If this posted previously, I still get confused If this is the right thread…anyway nothing new I think, but more a reminder.
http://acbr.com.au/vanadium-arcs-power-potential?platform=hootsuite
And while the vanadium battery revolution is occurring worldwide, with more than 30 VRFB projects having been built or under construction since 2014 in 11 countries, China is building the biggest, as part of the country’s commitment to reduce reliance on coal-fired power and transition to renewables.
In November, one of the biggest proponents of vanadium flow battery technology, Pu Neng, was awarded a contract to build one of China’s largest VRFBs, with the project described as a glimpse into the future of the Chinese electricity grid.
Pu Neng will initially build a small-scale VRFB to demonstrate the capability of using the technology to integrate a solar photovoltaic system into the energy grid at Zaoyang.
That battery would be followed by a 100-megawatt, 500MW-hour energy storage project, underpinned by a VRFB, which is planned to be the cornerstone of a new smart energy grid in Hubei Province.
Pu Neng’s project follows Rongke Power’s 200MW-800MWh VRFB, which it is building in the Dalian high-tech zone and is the largest planned chemical battery in the world.
Rongke also has a large-scale manufacturing facility, which builds the batteries, with the project expected to come on line by 2020
#Co #Cobalt $AAPL $JRV.asx, $CLQ,asx,….
Apple in Talks to Buy Cobalt Directly From Miners
https://www.bloomberg.com/news/articles/2018-02-21/apple-is-said-to-negotiate-buying-cobalt-direct-from-miners
ht TY https://twitter.com/Cdchi1/status/966210659800281089
$MGXMF – MGX Minerals Announces Completion of 3,000 Metre Drill Program at Case Lake Lithium; 8,000 Metre Spring Drill Program Planned
VANCOUVER, BRITISH COLUMBIA / February 22, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has completed a 30-hole, 3,000 metre diamond drill program on the Northeast Dyke at its Case Lake Property near Cochrane, Ontario. Drilling successfully intersected multiple course-grain pale green spodumene zones at shallow depths and over good intervals (see Figure 1). All drill core has been shipped to SGS Canada Inc. for assay….
MGX Minerals
MGX Minerals Announces Completion of 3,000 Metre Drill Program at Case Lake Lithium; 8,000 Metre Spring Drill Program Planned
VANCOUVER, BRITISH COLUMBIA / February 22, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has completed a 30-hole, 3,000 metre diamond drill program on the Northeast Dyke at its Case Lake Property near Cochrane, Ontario. Drilling successfully intersected multiple course-grain pale green spodumene zones at shallow depths and over good intervals (see Figure 1). All drill core has been shipped to SGS Canada Inc. for assay.
MGX Minerals 22220181
Figure 1 PWM-18-71, Boxes 5-8, 18.2-35.8 m. Note coarse-grained pale green spodumene inner intermediate zone in boxes 6 and 7.
Planning for the spring/early summer exploration program on Case Lake Property, Cochrane, Ontario is underway and will consist of:
8000 m of drilling over three targets (Table 1)
Geological Mapping
Spring Targets
Area
Meterage
1
Between Main and South Dykes
3000 m
2
Between Main and NE Dykes
3000 m
3
West side of Main Dyke
2000 m
total
8000 m
Fall Targets
Area
Meterage
4
East Dyke
2000 m
5
Down Dip of Main Dyke
3000 m
6
domes
TBA
Table 1 2018 Proposed Drilling at Case Lake
Proposed Drilling
The proposed 8000 m drilling for the spring/early summer drill program will target the new spodumene pegmatite dykes located between the Main Dyke and the South Dyke (Figure 2 – Target 1). These new spodumene dykes were discovered at the end of the 2017 Main Dyke drill program (Power Metals press release dated Nov. 27, 2017). One of the new dykes was intersected in drill hole PWM-17-49 with 1.61 % Li2O and 143.8 ppm Ta over 3.0 m (see press release dated January 24, 2018).
The spring/early summer drill program will also target the area between the Main Dyke and the Northeast Dykes (Figure 2 – Target 2). Coarse-grained spodumene pegmatite was intersected in the 5400 m drill program on the Main and North Dykes and in the 3020 m drill program on the Northeast Dyke. The Northeast Dyke is located 900 m northeast along strike of the North and Main Dykes and is within the same tonalite dome as the North and Main Dykes. Since the Northeast, North and the Main Dykes are along the same strike and within the same dome, this indicates that they were emplaced along the same deep-seated structure. The drill program between the Main and Northeast Dykes will test the presence of the spodumene mineralization along strike.
A drill program will test spodumene mineralization identified during the mapping program on granitic outcrops west of the Main Dyke (Figure 2 – Target 3).
Additional targets will be drilled in Fall 2018 including the East Dyke, down dip extension of Main Dyke and dome targets identified during the Spring mapping program.
MGX Minerals 22220182
Figure 2 2018 Drilling exploration targets at Case Lake Property.
Proposed Mapping
Power Metals identified that the Main, North, South, East and Northeast pegmatite dykes are not hosted by the Case Batholith as previously thought, but by a single laccolith (Power Metals press release dated Nov. 6, 2017). A laccolith is a dome-shaped igneous body with a flat bottom which is an offshoot of a batholith. A laccolith looks similar to a water drop on a table. The Case Batholith is a 50 x 85 km ovoid granitic complex characterized by a gravity low. Power Metals has identified that the Batholith has multiple domes along its margins.
The domes are visible in Google Earth images as white outcrops and are topographic highs. These domes have no historic exploration work on them and they have the potential to host spodumene pegmatites similar to the Main and the Northeast Dykes. A total of nine domes have been identified on the Case Lake Property and will be mapped and sampled:
Three domes along the Translimit Road
Three domes near the intersection of the Translimit Road and the Crossover Road
A dome bisected by the Tomlinson Road
The “Henry Dome” which hosts the Main, North, South, East and Northeast Dykes
A dome near Kabika Lake
(Figure 3).
Exploration on the domes will consist of traverses along GPS grid lines within each dome to map the lithology and collect grab samples to evaluate the lithium content of the tonalite/granodiorite and pegmatite dykes. Pegmatite dykes will be stripped, trenched and power washed to expand their exposure. Spodumene pegmatite dykes will be channel sampled and assayed. Each dome will be evaluated as a potential drill target.
MGX Minerals 22220183
Figure 3 Case Lake Property granitic dome targets for 2018 mapping program.
Case Lake
The Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of five dykes: North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse-grained spodumene. MGX currently has a paid up 20% working interest in Case Lake and four other lithium hard rock properties in Ontario controlled by Power Metals as well as any additional properties acquired prior to August 2020. The Company has the right to acquire an additional 15% working interest, for a total of 35%, in Case Lake Lithium and the other lithium properties by making a one-time payment of $10M prior to August 2020. The Company holds an option to acquire 10,000,000 shares of Power Metals at $0.65 (see press release dated August 2, 2017).
Qualified Person
The technical portions of this press release were reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at http://www.mgxminerals.com.
Contact Information
Jared Lazerson
President & CEO
Telephone: 1.604.681.7735
Web: http://www.mgxminerals.com
VW announces massive $84 billion investment in electric cars and batteries | Electrek ty https://twitter.com/MisterG_8/status/967918149122363395
$FYI – Lithium Junior Miner News For The Month Of February 2018
by Matt Bohlsen @sa
Summary
Lithium spot and contract price news – Lithium prices remain steady.
Lithium market news – Junior lithium stocks down on average ~35% from their 12 month highs.
Junior lithium miner company news – Millennial Lithium announces their PFS result of after-tax NPV 8% of US$ 824 million.
https://seekingalpha.com/article/4151003-lithium-junior-miner-news-month-february-2018?uprof=46&isDirectRoadblock=true
Benchmark Mineral Intelligence’s Simon Moores And Caspar Rawles Talk With Matt Bohlsen From Trend Investing
4:36 pm, Wed, Feb. 28, 2018, by Matt Bohlsen
https://seekingalpha.com/article/4151993-benchmark-mineral-intelligences-simon-moores-caspar-rawles-talk-matt-bohlsen-trend-investing
$FYI – EV Company News For The Month Of February 2018
by Matt Bohlsen @sa
Summary
Global electric car sales – January 2018 sales were up 94% on January 2017.
EV market news – Diesel cars can be banned from German cities, court rules. China launches world’s first all-electric cargo ship.
EV company news – Tesla energy storage division gains 2 new large contracts. Nissan to invest $9 Billion in China in race for EV dominance
https://seekingalpha.com/article/4152509-ev-company-news-month-february-2018?uprof=46&isDirectRoadblock=true
#Cobalt – Critical Need for a Supply Chain Outside of Africa
https://news.utexas.edu/2018/02/26/cobalt-critical-need-for-a-supply-chain-outside-of-africa ty
https://twitter.com/IanJamesPringle/status/968241494103486464
$SNNAF – SIE-TSX.v A1XCQ0 –FSE SNNAF—USA March 1, 2018
Sienna Resources Inc.
Suite 1470 – 701 West Georgia Street
Vancouver, BC V7Y 1C6
604.899.9150
SIE:TSX.v | SNNAF:USA | A1XCQ0:Germany
SIENNA is currently Drilling on its Slättberg Cobalt-Nickel-Copper Project in Sweden.
Apple’s surprising cobalt move signals a controversial buy on metal commodities
Apple took markets by surprise when the iPhone maker said it would try to directly buy cobalt from suppliers.
Cobalt is one of the most important metals in battery production.
Investors can read the Apple move as a sign that commodities remains one of the financial markets better trades.
But there’s a non-financial price that investors must be willing to pay…
http://www.siennaresources.com/
Time To Buy Some #Lithium Miners
https://seekingalpha.com/article/4154406-time-buy-lithium-miners?uprof=51&isDirectRoadblock=true
Mar. 8, 2018 2:53 AM ET|2 comments| Includes: AAL, AISSF, ALB, ALTAF, AMVMF, AVLIF, AZZVF, BCRMF, CRECF, DMNXF, EEYMF, ERPNF, FMC, GALXF, ILHMF, KDDRF, LAC, LIXXF, LSSCF, LTHHF, MLNLF, NMKEF, NTTHF, OROCF, PEMIF, PILBF, PLLLY, RRSSF, SQM, SYA, TSLA, TWNAF, WMLLF Matt Bohlsen
Investment advisor, portfolio strategy, growth at reasonable price
“My top picks right now are the producers Albemarle and Galaxy Resources; and in the non-producers AIS Resources, Neo Lithium and Altura Mining offer exceptional buying, albeit with some increased risk.” -Matt B
You may also enjoy subscribing to the ongoing discussion ” Storage of Electricity – #Batteries & BIG image” https://www.stockgumshoe.com/2016/07/microblog-storage-of-electricity-batteries-big-image/ #Best2YOU!
$MGXMF fp -MGX Minerals Announces Engagement of Dr. James G. Blencoe to Develop a Thermochemical Process for Extracting Lithium from Spodumene; Case Lake Lithium Project Drill Core to be Tested
VANCOUVER, BRITISH COLUMBIA / March 8, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce it has executed a Letter of Intent (the “LOI”) with Orion Laboratories, LLC (“Orion”) of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, to jointly develop and commercialize a new process for extracting hard-rock lithium from spodumene concentrate.
LMI has developed a thermochemical technology to rapidly manufacture lithium carbonate (Li2CO3) and/or lithium hydroxide (LiOH) from a variety of spodumene (LiAlSi2O6-rich) concentrates. The method is modular and highly scalable, thereby enabling a small “factory footprint,” and holds the potential to significantly decrease overall hard-rock lithium production costs. Unique features of the technology include:
Only three feedstock materials are required: (i) a spodumene concentrate, to produce high-purity Li2CO3 and/or high-purity LiOH; (ii) high-purity CO2, which is consumed in forming Li2CO3; and (iii) high-purity H2O, which is consumed in forming LiOH.
Creates three potentially saleable high-purity products: Li2CO3 and/or LiOH, aluminum hydroxide, Al(OH)3, and amorphous silica, SiO2.
Eliminates use of conventional sulfuric acid leaching.
Modular capabilities allow for scalable and remote deployment.
Orion and LMI are led by James G. Blencoe, Ph.D. Dr. Blencoe has more than 40 years of experience designing, constructing, operating and maintaining specialized equipment for advanced chemical production. He has extensive knowledge of the thermophysical properties and phase relations of numerous solids, liquids and gases. Dr. Blencoe has also developed techniques for the precise and accurate control and measurement of chemical composition in actively-reacting open and closed systems. Prior to entering the private sector as co-founder, President and CEO of Orion Laboratories, LLC, he spent nearly 24 years working at the renowned Oak Ridge National Laboratory in Tennessee, and nine years working at The Pennsylvania State University. Dr. Blencoe has published more than 50 articles and reports in leading peer-reviewed scientific journals and technical magazines. He earned a B.S. degree in mining engineering from the University of Wisconsin, Madison, in 1968, and a Ph.D. degree in geology from Stanford University in 1974.
MGX and joint-venture partner Power Metals Corp. (TSX.V: PWM) have agreed to provide Dr. Blencoe with a 10 kilogram sample of spodumene-rich rock originating from the Case Lake lithium project in Ontario, which will be used to perform initial bench-scale laboratory testing.
“The success of our Case Lake, Ontario joint venture has led us to review new metallurgical methods that have the potential to significantly reduce the costs and equipment required for extraction of the principle spodumene elements lithium, aluminum, and silicon (the latter in the form of silica),” said MGX President and CEO Jared Lazerson. “We believe Dr. Blencoe has a firm understanding of the thermochemical requirements to achieve such a goal.”
Terms of the LOI
MGX has agreed to acquire an initial 50% interest in the technology and associated intellectual property in exchange for an initial cash payment of US$250,000 and issuance of 100,000 common shares of the Company. Initial proceeds will be utilized to complete bench-scale laboratory testing of the technology. Upon successful completion of laboratory testing, MGX has agreed to issue an additional 250,000 common shares. Should MGX elect to further proceed, the Company will fund development of a modular manufacturing plant. Upon successful development and testing of that plant, MGX will have the option to issue an additional 500,000 shares to LMI, at which time a Joint-Venture (“JV”) will be formed with MGX holding a 70% interest and LMI a 30% interest in the JV. MGX will have the option to purchase an undivided 100% interest in the JV at any time for Can$10 million, of which LMI will have the right to choose a combination of shares and cash as consideration.
Qualified Persons
The technical portions of this press release were reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at http://www.mgxminerals.com.
Contact Information
Jared Lazerson
President & CEO
Telephone: 1.604.681.7735
Web: http://www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements…
Mission E >
http://www.afr.com/content/dam/images/g/p/z/s/g/q/image.related.afrArticleLead.620×350.h0wtdx.png/1519857949914.jpg
Porsche dealers to offer Tesla-style fast charging stations for Mission E sedan
Read more: http://www.afr.com/business/transport/automobile/porsche-dealers-to-offer-teslastyle-fast-charging-stations-for-mission-e-sedan-20180228-h0wtdx? 🙂 #Best2ALL! 🙂
“I met CATL a few times but in 2016 at the Tokyo battery conference I asked them their projected demand for anode material in 2020. The number they indicated was more than the entire world consumption in 2016. IMO all analyst predictions are understated.” ~ Tolga
https://twitter.com/KumovaTolga/status/968226660502786048
The Breakneck Rise of China’s Colossus of Electric-Car Batteries
The key to overtaking Tesla by 2020? Lots of government help for EVs.
https://www.bloomberg.com/news/features/2018-02-01/the-breakneck-rise-of-china-s-colossus-of-electric-car-batteries