Consolidation in Lithium Mining Projects Fuel Gains as
Multi Billion Dollar Lithium Compounds Market Is In An
Upswing
Coral Springs, FL -- August 31, 2016 -- InvestorsHub NewsWire
-- Fueled By Skyrocketing Demand and expected continue growth,
Lithium Exploration and mining projects leap ahead in the basic
materials sector. Industry professionals are continuing to
identify lithium as one of the more valuable sectors at the moment
as the natural resource continues to increase in demand, as well as
become more a prevalent energy source. Exploration, Mining
and Basic Materials companies of interest in the markets tend to
be Nevada Energy Metals Inc. (BFF.V)
(OTCQB:
SSMLF), Lithium X Energy Corp. (LIX.V)
(OTC:
LIXXF), Oroplata Resources, Inc. (OTC:
ORRP), Sociedad Qumica y Minera de Chile
S.A. (NYSE: SQM) and Liquidmetal Technologies
Inc. (OTCBB:
LQMT).
Nevada Energy Metals Inc. (TSX-V:
BFF) (OTC:
SSMLF) is pleased to announce encouraging results have been
received from the latest sampling program at the Companys 100%
owned Big Smokey Valley (North) project. The geochemical
sampling program was designed to test for lithium values in surface
soils and/or playa evaporates. Samples were obtained on a grid
pattern consisting of eleven east/west lines spaced 400 meters
apart with stations every 200 meters along the lines. The grid
covered an area of approximately 3,000 acres. Of the 170
sample points analyzed 150 reported Lithium values greater than or
equal to 100 ppm with the highest value being 146 ppm Lithium (the
median value being 116 ppm); 20 samples points were in the 53 ppm
to 99 ppm range.
Rick Wilson, President an CEO stated Obtaining a statistically
large number of anomalous Lithium values across our large 3,200
acre/1,295-hectare property is highly encouraging. We look forward
to announcing the next phase of work shortly.
Read the full Nevada Energy Press Release
at: http://financialnewsmedia.com/profiles/ssmlf.html
The BSV Lithium Project consists of 160 placer claims, with an
area of 3,200 acres/1,295 hectares, located in northern Big Smokey
Valley, Nye County, Nevada, 12 miles east of the town of Austin and
extends approximately 100 miles in a southwesterly direction to
reach a southern terminus near Clayton Valley. The northern
section, where the claims area is located contains three geothermal
resources; the Darrough, the McLeod and the Spencer hot
springs. Nevada Energy Metals has acquired a 100% interest in
the property, free of royalty payments.
In other Mining news and developments in the markets:
Lithium X Energy Corp. (TSX-V:
LIX) (OTCQB:
LIXXF), is pleased to report yesterday the filing of a National
Instrument 43-101 technical report prepared by FloSolutions ( Chile
), dated August 30, 2016 and entitled Resource Estimate
for Lithium & Potassium, Sal de los Angeles Project, Salta (
Argentina ) containing its first independent lithium ("Li"),
potassium ("K") and boron ("B") resource estimate for the Sal de
los Angeles brine project at Salar de Diablillos (the
"Project"). Lithium X holds a 50% interest in the Project and can
acquire an additional 30% interest (see March 3, 2016 news
release).
Oroplata Resources, Inc. (OTC:
ORRP) closed up over 4% on Tuesday at $0.737 on over
720,000 shares traded by the market close. Oroplata recently
announced the appointment of energy industry and investment banking
veteran Alan D. Gaines to the Advisory Board of the Company.
ORRP also last month entered into a binding agreement with Plateau
Ventures of Utah, to exercise its second option to acquire an
additional 700 mining placer claims at the Western Nevada Basin
project (WNB), in Nevada.
Sociedad Qumica y Minera de Chile S.A. (NYSE: SQM) reported
last week earnings for the six months ended June 30, 2016 of
US$141.6 million (US$0.54 per ADR), a decrease from US$154.9
million (US$0.59 per ADR) for the six months ended June 30, 2015.
Gross Margin reached US$260.5 million (29.6% of revenues) for the
six months ended June 30, 2016, lower than US$295.2 million (33.9%
of revenues) recorded for the six months ended June 30, 2015.
Revenues totaled US$881.5 million for the six months ended June 30,
2016, representing an increase of 1.1% compared to US$871.8 million
reported for the six months ended June 30, 2015.
In other Basic Materials sector market movers watch:
Liquidmetal Technologies Inc. (OTCQB:
LQMT) closed up over 10% at $0.17 on over 13Million shares
traded by the market close on Tuesday. Liquidmetal
Technologies Inc., a materials technology company, designs,
develops, and sells products and components from bulk amorphous
alloys to customers in various industries. Liquidmetal
announced late yesterday it has been invited to present at the 2016
Gateway Conference being held on September 7th and 8th,
2016 at The Four Seasons Hotel in San Francisco.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party
publisher and news dissemination service provider, which
disseminates electronic information through multiple online media
channels. FNMG is NOT affiliated in any manner with any
company mentioned herein. FNMG and its affiliated companies
are a news dissemination 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. FNMG's market updates, news alerts and corporate
profiles are NOT a solicitation or recommendation to buy, sell or
hold securities. The material in this release is intended to
be strictly informational and is NEVER to be construed or
interpreted as research material. All readers are strongly
urged to perform research and due diligence on their own and
consult a licensed financial professional before considering any
level of investing in stocks. All material included herein is
republished content and details which were previously disseminated
by the companies mentioned in this release. FNMG is not
liable for any investment decisions by its readers or
subscribers. Investors are cautioned that they may lose all
or a portion of their investment when investing in stocks.
For current services performed FNMG has been compensated three
thousand nine hundred dollars for news coverage of the current
press release issued by Nevada Energy Metals Inc. by a
non-affiliated third party. FNMG 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 FNMG undertakes no
obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: editor@financialnewsmedia.com
Phone: (954)345-0611
URL: www.financialnewsmedia.com
Source: FN Media Group