TradingCharts
1 year ago
LEXI Upgraded to OTCQB Venture Market in the United States
BusinessWire
8:01 AM ET
Lithium Energi Exploration, Inc. (TSXV: LEXI) (OTCQB:
LXENF), a leading exploration company focused on the
acquisition, exploration, and development of lithium brine
assets in Argentina, is pleased to announce its approval for
trading on the OTCQB Venture Market in the United States,
effective October 31, 2023.
Within a
short period, LEXI has demonstrated significant operational
aptitude, particularly in the rollout of its lithium
exploration and drilling programs. This progress has
garnered attention and interest from various stakeholders,
affirming the Company's position as a key player in the
lithium sector.
The upgrade to the OTCQB
Venture Market will enable LEXI to tap into the U.S. capital
markets more efficiently. This transition is aligned with
the Company's strategic objectives and will provide an
avenue for increased liquidity and trading transparency,
thereby attracting a diversified range of U.S. investors.
"Given the innovative approaches we've
employed in our lithium extraction technologies and the
strategic importance of our assets, we've garnered
significant investor interest in Canada," said Ali Rahman,
CEO of Lithium Energi Exploration Inc. "Our transition to
the OTCQB Venture Market is a calculated move to offer
enhanced accessibility and liquidity to private and
institutional investors in the United States."
Lithium is an essential element in the
transition to renewable energy, particularly in energy
storage and the production of electric vehicles. From 2018
through May 2023, approximately $10.9 billion were invested
in lithium assets in Argentina, making it one of the
fastest-growing markets in the Lithium Triangle, a region
that contains approximately 56% of global lithium resources.
As the demand for these batteries continues to skyrocket,
LEXI is strategically positioned to capitalize on this
expanding market.
About Lithium Energi
TradingCharts
1 year ago
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/TORONTO--(BUSINESS WIRE)--$LEXI #argentina--Lithium Energi Exploration Inc. (TSXV: LEXI) (“LEXI” or the “Company”), a green energy company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, announced today that it will form a special committee (the “Special Committee”) of independent directors to initiate with t he CEO a review process to explore, review and evaluate a broad range of strategic alternatives that may be available to the Company to unlock shareholder value.
The Special Committee’s strategic review process will encompass an evaluation of a full range of alternatives, including equity market transactions, disposition of certain assets, or a potential sale or merger, including an assessment of preliminary non-binding discussions with certain parties regarding an acquisition of all or substantially all of the Company’s assets or equity.
https://conferencecalltranscripts.com/summary/?id=527399&pr=true
TradingCharts
1 year ago
LEXI Announces Appointment of Jason Nalewanyj as Chief Financial Officer and Highlights Significant Company Progress
BusinessWire
10:17 AM ET
--New CFO Appointment: LEXI welcomes Mr. Jason Nalewanyj as its new Chief Financial Officer, bringing over 18 years of financial leadership.
--Antofalla South Geophysics: LEXI initiates a comprehensive geophysical exploration in its Antofalla South Project, marking a pivotal step towards lithium exploration.
--Antofalla North Project Advancements: LEXI successfully completed drilling its first two wells and is now mobilizing to commence the third, showcasing rapid progress.
Lithium Energi Exploration, Inc. (TSXV: LEXI), a leading exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, is thrilled to announce the appointment of Mr. Jason Nalewanyj as its new Chief Financial Officer.
Mr. Nalewanyj brings over 18 years of financial expertise, having held pivotal roles in capital market strategies, fundraising, M&A advisory, and go-public mandates. He has previously held senior finance positions at Aurora Cannabis Inc., where he played a significant role in Aurora's $3.2 billion merger with MedReleaf Corp. His extensive experience also includes strategic roles at Methanex Corporation, FTI Consulting Inc., and MNP LLP. Mr. Nalewanyj began his career in the audit and assurance practice at PricewaterhouseCoopers LLP, Canada. He is a Canadian Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce degree from the University of Victoria.
"We are excited to welcome Jason to the LEXI family. His energy and proven track record in financial leadership will be instrumental as we continue our journey towards becoming a global leader in lithium production," said Ali Rahman, CEO of LEXI.
LEXI would like to extend its deepest gratitude to Mr. Chris Hobbs, our current CFO, for his unwavering dedication, hard work, and commitment to the company. His leadership and financial acumen have been instrumental in guiding LEXI through its formative years and setting it on a path of growth and success. We wish him all the best in his future endeavors and are confident that he will continue to make a significant impact wherever he goes.
"It has been an honor to serve as the CFO of LEXI and to be a part of its remarkable journey. I fully support the appointment of Jason Nalewanyj as the new CFO. His expertise and vision align perfectly with LEXI's growth trajectory. I am committed to ensuring a seamless transition and am confident that under Jason's financial leadership, LEXI will achieve new heights and continue its rapid growth in the lithium industry," said Mr. Chris Hobbs.
Having successfully drilled and completed the first two wells, the company is now gearing up to commence drilling on the third well within the Antofalla North project. LEXI's drilling will begin mobilizing towards the new site in LEA 5 this weekend and begin work on the drilling platform.
In addition to the appointment of Mr. Nalewanyj and completion of its second well in Antofalla North, LEXI is proud to highlight the completion of the initial profiles in its geophysical exploration campaign in its Antofalla South Project.
Under the auspices of Qualified Person, Murray Brooker, Geo Resource Ltda. ("GR") with a team of 8 professionals, including geologists and geophysicists, is conducting the Phase 1 campaign utilizing Magnetotelluric (MT) and Transient Electromagnetic (TEM) geophysical measurements in LEXI's nearly 4,000 hectare LEA 26 property.
Nine separate profiles, totaling over 7.5 kilometers, were surveyed during the initial ten days of fieldwork. Preliminary results show important and significant conductive anomalies within the explored areas of LEA 26. Now, the Company and GR will spend several weeks compiling and analyzing the data into geological and hydrogeological representations.
Phase 2 of the geophysics is scheduled to kick off at the end of September and will consist of additional MT and TEM surveys in over 20 separate profiles, totaling over 16 kilometers of the southern section of LEA 26. The objective will be to identify and characterize the best sectors for a drilling campaign to understand the hydrogeological dynamics of the LEA 26 property.
"LEXI's momentum is palpable. With the successful drilling and completion of our first two wells in Antofalla North and the samples currently under analysis, we are on the cusp of a new era for our company," added Rahman. "Our team, strengthened by the addition of Jason, is more equipped than ever to lead the charge in responsible lithium extraction, ensuring a brighter, more sustainable future for all and creating significant value for our shareholders."
Option Grant
LEXI's board of directors has granted certain directors and officers of the Company options to purchase up to 400,000 common shares with a term of three years and an exercise price equal to $0.14 per share.
TradingCharts
2 years ago
Ali Rahman
CEO, Lithium Energi Exploration Inc. (LEXI.V); CEO, Triangle Lithium; Director - Business Strategy & Development, Global Oil Management Group 1d •
An honor to see and spend some time with my friend, Ambassador Marc R. Stanley yesterday in Doral. Ambassador Stanley’s engaged, active tenure in Argentina represents the best of American diplomacy. We had a good opportunity to discuss lithium, the geopolitics of critical minerals and Lithium Energi Exploration Inc. new drilling campaign in Antofalla North that commences next month.
https://www.linkedin.com/feed/update/urn:li:activity:7064269494491213824/
TradingCharts
2 years ago
Lithium Energi Exploration Inc LXENF:OTC Pink - Current Information
LEXI Announces Details of Antofalla North Project Drilling
Plan
BusinessWire
8:05 AM ET
Lithium Energi Exploration Inc. (TSXV:LEXI) (the "Company"
or "LEXI") is pleased to announce that contracts are
executed, and the first drill hole in its Antofalla North
Project drilling campaign (the "Campaign") will commence in
the next 30 days.
"Our Campaign team is
best-in-class, comprising companies owned and operated by
local residents of the province of Catamarca, where the
project is located, with past experience operating in the
Salar de Antofalla," noted LEXI CEO Ali Rahman. "This
hyper-local knowledge will be critical to ensuring our
ability to execute a successful drilling campaign to prove
value in our properties and deliver shareholder value. We
believe that 2023 will be a break-out year for LEXI,
coinciding with the market's recognition that investment in
lithium is critical to actually build the energy
transition."
The Campaign will initially
undertake 1,600 meters of drilling in four diamond core
wells to obtain physical core samples and characterize the
subsurface in the properties. Average total depth ("TD") per
well is anticipated to be 400 meters; however, based on
real-time field results, deeper horizons may also be
explored. The core samples will reveal porosity,
permeability, and can provide chemical analysis critical for
resource estimation. Core samples are planned for analysis
at Geosystems Analysis, Inc. in Tucson, Arizona, one of the
foremost analytical laboratories in the world for analyzing
lithium brine core samples. Brine sample analysis will be
conducted at Alex Stewart Laboratories to yield full
spectroscopic analysis of brine chemistry and lithium
concentrations.
The Antofalla basin is a
long, narrow, fault-based graben - identified as one of the
world's largest entrapment depressions hosting
lithium-bearing brine - and its total depth is not currently
defined. Although adjacent results from others cannot and do
not assure the outcome of this Campaign, published data
resulting from drilling campaigns executed by other
exploration companies on claims near to the Antofalla North
Project have reportedly yielded indications of significant
volumes of lithium-bearing brine with concentrations ranging
from 350 to 650 ppm.
Highly experienced
lithium hydrogeologist and qualified person, Murray Brooker,
has planned the location of drill holes for the upcoming
program, based on previous TEM electrical geophysics for the
company and extensive knowledge acquired working on salt
lake projects in Argentina for more than a decade. Based on
data obtained from core samples and pump tests, the Campaign
is expected to yield a NI 43-101 resource estimate, possibly
ready for publication as early as Q4 of 2023.
The technical content of this news release
has been reviewed and approved by Mr. Murray Brooker, RP.
Geoscientist 10,086, a consultant of the Company, and a
qualified person as defined by National Instrument 43-101.
TradingCharts
2 years ago
Lithium Energi Exploration Inc.
Financials & Filings
LEXI TO SETTLE PORTION OF INTEREST PAYMENT IN SHARES
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
Toronto, Ontario April 20, 2023 – Lithium Energi Exploration, Inc. (TSXV:LEXI) (the “Company” or “LEXI”) has agreed to
settle a portion of the interest payment due to Arena Investors, LP (“Arena”) as at April 20, 2023 in common shares of LEXI
(“Common Shares”). Pursuant to the credit agreement dated February 1, 2023 between Arena and the Company (the
“Credit Facility”), as at April 20, 2023, the Company will owe Arena interest in the amount of $71,342.00 of which 50.0%,
being $35,671, will be settled with the issuance of 145,597 Common Shares of the Company, at a deemed price equal to
$0.245 per share. The deemed price is calculated at the greater of the five day volume weighted price preceding the
payment date or the market price (as determined pursuant to the policies of the TSX Venture Exchange (“TSXV”)).
Under the terms of the Credit Facility, at Arena’s option, up to one half of the interest payable to Arena, being 6.0% per
annum, may be paid in Common Shares at a price per Common Share equal to the greater of (i) 100.0% of the volume
weighted average price of the Common Shares on the five (5) consecutive trading days immediately preceding the
applicable date such interest is due and (ii) the market price pursuant to the policies of the TSXV. The remaining portion
of the interest payable to Arena, up to a maximum of 12% per annum, is payable in cash. The issuance of the Common
Shares to Arena is subject to TSXV acceptance.
“We continue to increase our shareholding in LEXI as we feel very strongly about the Company’s direction under new
management and its ability to deliver strong shareholder value in the near future,” stated Daniel Blanks, Arena’s nominee
to LEXI’s board of directors. “Therefore, we’ve elected to take the maximum allowable percentage of interest due to Arena
under the Credit Agreement in shares.”
https://www.investorx.ca/Doc/2304201543203162
https://money.tmx.com/en/quote/LEXI/financials-filings?selectedTab=filings
NanoEE
2 years ago
https://ceo.ca/insiders?filters%5Bterms%5D=Lexi
Even after the board changed, Howard didn’t dump, why?
I see there is no insider action on IBAT as well. So what is up, with what’s going down.
Court case, if intellectual patent information is required at the next hearing Cristina and Mark are fighting for more of those shares, that makes the most logical sense.
Burba slimy, I am hesitant to put him in that area. He has done everything by the book and even “graciously” gave Cristina and Mark shares from the milestones.
Chile, didn’t go like we all thought it would, mostly IBAT.
Argentina and Africa is still on the table.
TradingCharts
2 years ago
SEDI Insider filing browse
Filed 2023-03-28 14:09
Tx date 2023-03-22 $LEXI
Lithium Energi Exploration Inc. Hobbs, Christopher
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
51 - Exercise of options $350,000
+2,500,000 vol
$0.14 each 2,500,000
Filed 2023-03-28 14:08
Tx date 2013-11-01 $LEXI
Lithium Energi Exploration Inc. Hobbs, Christopher
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
00 - Opening Balance-Initial SEDI Report
Filed 2023-03-28 13:32
Tx date 2023-03-22 $LEXI
Lithium Energi Exploration Inc. Hobbs, Christopher
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Options
50 - Grant of options $105,000
+500,000 vol
$0.21 each 3,650,000
Filed 2023-03-28 13:24
Tx date 2023-03-24 $LEXI
Lithium Energi Exploration Inc. Hobbs, Christopher
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Options
51 - Exercise of options $-350,000
-2,500,000 vol
$0.14 each 1,150,000
https://ceo.ca/lexi
TradingCharts
2 years ago
I was trying to figure out what those shares are for as well and $300k cash CADs I would assume.
Thanks what do you know about WED?
Arena only trades (nowadays) on "the NEO Exxchange)..... bAn exchange whichg I've always found "hokey"
I went back on IBATF fins and looked at them, last week or before..
I started to growl at NanoEE, for a $650k bill ibatf got for flying everyone around in a private plane to look at the Unit in St Charles.
IBATF, has no one to protect the shareholders.
Layton, pumps ibatf on LinkedIn But no legal binding contracts have ever been signed and no matter what 6% royalties and IBATF pays 100% for the UNIT and they walk away with warrents? What the Fuck am I missing? This is a joke.
IBATF sells shares to build a UNIT and is 100% owner?
Layton/Sorcia and EVL also got warrents from the UNIT deal with the private placements.. Did Sorcia, sell shares of IBATF into the market to come up with funds to buy and settle LEXI?
What would happen if the lady wins her case? Sorcia's deal would be no good? And IBATF can only do oilfield brines?
She might be better for the IBATF share holders?
I am thinking we need more shrooms and cow bells?
TradingCharts
2 years ago
Ali Rahman
• Following
CEO, Lithium Energi Exploration Inc. (LEXI.V); CEO, Triangle Lithium; Director - Business Strategy & Development, Global Oil Management GroupCEO, Lithium Energi Exploration Inc. (LEXI.V); CEO, Triangle Lithium; Director - Business Strategy & Development, Global Oil Management Group
17h • 17 hours ago
I’m happy to share that I’m starting a new position as Chief Executive Officer at Lithium Energi Exploration Inc!
https://www.linkedin.com/feed/update/urn:li:activity:7045244552160387072/
About
Lithium Energi Exploration Inc. (LEXI) is a green energy company focused on acquiring, exploring, and developing lithium brine assets in Argentina. Headquartered in Toronto, Ontario with offices in Miami, FL, New York City and Catamarca, Argentina, the Company’s shares are listed on the TSX Venture Exchange (TSXV:LEXI) and the Frankfurt Exchange (FR:LO9). LEXI’s portfolio of lithium brine concessions are located in the Argentina Province of Catamarca, situated at the southern end of the world-renowned Lithium Triangle. The land portfolio includes approximately 57,000 hectares and a 20% interest in Triangle Lithium Argentina, S.A., which owns an additional 15,000 hectares.
https://www.linkedin.com/company/lithium-energi-exploration-inc/
TradingCharts
2 years ago
Mar 24 2023 Early warning report
Yeah, Arena is just letting everyone know, we are buying more shares, it’s just a matter of when.
Effective immediately following closing of the Debt Settlement, the Acquiror, through the
Funds, advanced the first drawdown of $7,000,000 to the Issuer under the New Credit
Facility. In connection with closing the New Credit Facility, the Issuer issued to the Funds,
as directed by the Acquiror, an aggregate of 29,166,666 Warrants (collectively with the
Settlement Securities, the “Securities”), with each such Warrant have a three-year term
and an exercise price of $0.24 per Share.
The Transactions were completed concurrently with settlement of additional outstanding
debt by the Issuer, a private placement of the Issuer and the entering into by the Issuer of
a lithium processing agreement pursuant to which the Issuer issued an aggregate of an
additional 44,699,999 Shares and 24,591,021 Warrants, as further described in the
Issuer’s press release dated March 21, 2023.
2.3 State the names of any joint actors.
Not applicable.
Item 3 - Interest in Securities of the Reporting Issuer
3.1 State the designation and number or principal amount of securities acquired or
disposed of that triggered the requirement to file the report and the change in the
acquiror's security holding percentage in the class of securities.
Immediately prior to the completion of the Transactions, the Acquiror owned, controlled or
directed 64,500 Shares representing approximately 0.1% of the issued and outstanding
Shares prior to completion of the Transactions. Pursuant to the Transactions, the Acquiror
acquired direction and control over an additional 30,000,000 Shares and 37,166,666
Warrants. Immediately upon completion of the Transactions, the Acquiror, through the
Funds, exercised control and direction over an aggregate of 30,064,500 Shares and
37,166,666 Warrants, representing approximately 20.1% of the issued and outstanding
Shares on a non-diluted basis, and 32.2% of the issued and outstanding Shares, as
confirmed by the Issuer, calculated on a partially-diluted basis (assuming the exercise of
all Warrants under the control or direction of the Acquiror).
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032098
TradingCharts
2 years ago
Option Grant
LEXI's board of directors has granted certain directors and officers of the Company options to purchase up to 4,000,000 common shares with a term of three years and an exercise price equal to $0.20 per share.
Early Warning Matters
Arena.
Arena acquired 30,000,000 common shares of LEXI and 37,166,666 share purchase warrants pursuant to the Transactions. After the Closing of the Transactions, Arena now beneficially owns or controls 30,064,500 common shares representing approximately 20.1% of LEXI's issued and outstanding common shares on a non-diluted basis and 37% on a partially diluted basis, assuming the exercise of all warrants held by Arena.
Prior to the Transactions, Arena beneficially owned or controlled 64,500 common shares of LEXI.
The common shares were acquired by Arena for investment purposes. Arena has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
A copy of Arena's early warning report will appear on the Company's profile on SEDAR.
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