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Patriot Battery Metals Inc

Patriot Battery Metals Inc (PMET)

6.88
0.00
(0.00%)
Closed December 23 4:00PM

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Key stats and details

Current Price
6.88
Bid
6.88
Ask
7.13
Volume
-
0.00 Day's Range 0.00
6.05 52 Week Range 10.11
Market Cap
Previous Close
6.88
Open
-
Last Trade
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
135,646,000
Dividend Yield
-
PE Ratio
183.85
Earnings Per Share (EPS)
0.02
Revenue
-
Net Profit
2.61M

About Patriot Battery Metals Inc

Sector
Gold Ores
Industry
Gold Ores
Headquarters
Vancouver, British Columbia, Can
Founded
-
Patriot Battery Metals Inc is listed in the Gold Ores sector of the TSX Venture Exchange with ticker PMET. The last closing price for Patriot Battery Metals was $6.88. Over the last year, Patriot Battery Metals shares have traded in a share price range of $ 6.05 to $ 10.11.

Patriot Battery Metals currently has 135,646,000 shares outstanding. The market capitalization of Patriot Battery Metals is $933.24 million. Patriot Battery Metals has a price to earnings ratio (PE ratio) of 183.85.

PMET Latest News

Patriot Provides an Update on ESG Initiatives and Environmental Baseline Data Collection for Shaakichiuwaanaan Lithium Project

Patriot Provides an Update on ESG Initiatives and Environmental Baseline Data Collection for Shaakichiuwaanaan Lithium Project Canada NewsWire VANCOUVER, BC, Nov. 11, 2024 VANCOUVER, BC, Nov. 11...

Patriot Battery Metals Announces C$75M Flow-Through Financing

Patriot Battery Metals Announces C$75M Flow-Through Financing Canada NewsWire VANCOUVER, BC, May 21, 2024 /NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISTRIBUTION IN THE UNITED...

Patriot Approved to Graduate to TSX on Thursday, February 1, 2024

Patriot Approved to Graduate to TSX on Thursday, February 1, 2024 Canada NewsWire VANCOUVER, BC, Jan. 31, 2024 VANCOUVER, BC, Jan. 31, 2024 /CNW/ - February 1, 2024 – SYDNEY, Australia ...

Board and Executive Update, Ken Brinsden to Transition to Quebec Based CEO / President

Board and Executive Update, Ken Brinsden to Transition to Quebec Based CEO / President Canada NewsWire VANCOUVER, BC, Jan. 24, 2024 VANCOUVER, BC, Jan. 24, 2024 /CNW/ - January 25, 2024 – Sydney...

Métaux de Batteries Patriot commence la plus grande campagne de forage pour le lithium au Québec sur la propriété Corvette

Métaux de Batteries Patriot commence la plus grande campagne de forage pour le lithium au Québec sur la propriété Corvette Canada NewsWire VANCOUVER, BC and SYDNEY, Australia...

Patriot Drills 56.6 m at 1.37% Li2O in Step-Out Hole and Completes Final Hole of 2023 Program at the CV5 Pegmatite, Quebec, Canada

Patriot Drills 56.6 m at 1.37% Li2O in Step-Out Hole and Completes Final Hole of 2023 Program at the CV5 Pegmatite, Quebec, Canada Canada NewsWire VANCOUVER, BC, Dec. 17, 2023 VANCOUVER, BC, Dec...

Début du processus d'approbation du projet Corvette de Patriot avec la soumission du formulaire de renseignements préliminaires

Début du processus d'approbation du projet Corvette de Patriot avec la soumission du formulaire de renseignements préliminaires Canada NewsWire VANCOUVER, BC, le 30 nov. 2023...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1006.886.886.8800CS
4006.886.886.8800CS
12006.886.886.8800CS
26006.886.886.8800CS
52-2.73-28.40790842879.6110.116.05122947.88478696CS
1564.24160.6060606062.6417.742.461305609.92084837CS
2604.24160.6060606062.6417.742.461305609.92084837CS

PMET - Frequently Asked Questions (FAQ)

What is the current Patriot Battery Metals share price?
The current share price of Patriot Battery Metals is $ 6.88
How many Patriot Battery Metals shares are in issue?
Patriot Battery Metals has 135,646,000 shares in issue
What is the market cap of Patriot Battery Metals?
The market capitalisation of Patriot Battery Metals is CAD 933.24M
What is the 1 year trading range for Patriot Battery Metals share price?
Patriot Battery Metals has traded in the range of $ 6.05 to $ 10.11 during the past year
What is the PE ratio of Patriot Battery Metals?
The price to earnings ratio of Patriot Battery Metals is 183.85
What is the reporting currency for Patriot Battery Metals?
Patriot Battery Metals reports financial results in CAD
What is the latest annual profit for Patriot Battery Metals?
The latest annual profit of Patriot Battery Metals is CAD 2.61M
What is the registered address of Patriot Battery Metals?
The registered address for Patriot Battery Metals is SUITE 2501, 550 BURRARD STREET, VANCOUVER, BRITISH COLUMBIA, V6C 2B5
What is the Patriot Battery Metals website address?
The website address for Patriot Battery Metals is patriotbatterymetals.com
Which industry sector does Patriot Battery Metals operate in?
Patriot Battery Metals operates in the GOLD ORES sector

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PMET Discussion

View Posts
nowwhat2 nowwhat2 7 months ago
Yes quite a move - I've been meaning to respond




Has completey closed that gap I see and now sits at 6.38

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=pmetf&x=62&y=9&time=8&startdate=1%2F4%2F2020&enddate=4%2F29%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=2&maval=50+&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11


T'was certainlt some kind of news-driven upgap https://ceo.ca/pmet

Some government AND private financing ?


I imagine it's well understood that the Liberals are highly "supportive"


.
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futrcash futrcash 7 months ago
Nice Pop Today!

futr
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Oleblue Oleblue 8 months ago
The stock had a nice run and now is the correction over?
They presented at the Virtual Investor Conference today:



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nowwhat2 nowwhat2 1 year ago
May 3 2023



Gerardo Del Real: Still fielding calls from majors and mining companies and chemical companies and governments?

Blair Way: There's lots of very friendly parties that we continue to speak to. And as you alluded to in the very start of the call here, there is certainly an interest within the industry and the different players, but we have had a busy couple of weeks with board and management getting together in person for board meetings and talking through some of the things we have to do ahead of us. So it's been a very, very busy time for us, and I don't see that changing anytime soon. There is a lot going on and we are very happy with what's going on, but it does certainly burn the candle at both ends at this stage.

Gerardo Del Real: Drill, baby drill. Looking forward to the assays and catching up again. Thanks for your time, Blair.

Blair Way: Sounds good, Gerardo. Thanks. Talk to you later.



Sept. 19 2023



https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Apmet&x=68&y=19&time=100&startdate=1%2F4%2F2022&enddate=12%2F29%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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Godsgift305 Godsgift305 1 year ago
https://nightmarketresearch.com/pmet/

Anyone see this?
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futrcash futrcash 2 years ago
https://resourcestockdigest.com/interviews/patriot-battery-metals-tsx-v-pmetotc-pmetf-ceo-blair-way-on-extending-cv5-pending-assays-upcoming-mre/

futr
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nowwhat2 nowwhat2 2 years ago
VERY interesting.........Thanks !
But.....so.....just WHAT were you TRYING to say ?


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$theDDmessiah $theDDmessiah 2 years ago
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nowwhat2 nowwhat2 2 years ago
Boom - Government Incentives

https://www.bnnbloomberg.ca/budget-2023-key-highlights-from-the-federal-liberals-spending-plan-1.1901609

Feb. 24th




March 28 - A 6 month

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$theDDmessiah $theDDmessiah 2 years ago
https://mobile.twitter.com/sixonehalfdoz/status/1640416213749645318?t=56MQ-BE7ORCVjRUdyPomHg&s=35
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Herefords Herefords 2 years ago
Looking good.
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nowwhat2 nowwhat2 2 years ago
oh my goodness - Still ?.....Yup
Good analogy.
You must be a gardener.
👍️0
futrcash futrcash 2 years ago
Growing like a sunflower!

futr
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KCCO7913 KCCO7913 2 years ago
Wow you just follow all the shiny objects don’t you?

Buncha LWLG peeps in this, too, thanks to PhotonicsGuy.
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nowwhat2 nowwhat2 2 years ago
wow
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=CA%3APMET&insttype=Stock&time=100&freq=1
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tapioca tapioca 2 years ago
August, what a month for Patriot!
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tapioca tapioca 3 years ago
Good news this morning, go baby go.
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tapioca tapioca 3 years ago
Someone has been unloading here.
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JDCruz JDCruz 3 years ago
PMETF rockets Northbound https://microcapdaily.com/patriot-battery-metals-inc-cse-pmet-otcqb-pmetf-fse-r9ga-high-grade-lithium-discovered-on-its-corvette-property/
👍️0
tapioca tapioca 3 years ago
Halted for over an hour, on barely 100,000vol. ridiculous!
Let 'er fly!
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tapioca tapioca 3 years ago
Uh oh, has this been halted??
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tapioca tapioca 3 years ago
Correction, $2.00
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tapioca tapioca 3 years ago
Blue skies here, another 52wk high,1.87.
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tapioca tapioca 3 years ago
New 52 wk highs every week. Been running
under the radar for months .
Will keep going and then up-list. imo
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Photonics_Guy Photonics_Guy 3 years ago
Some notes I've compiled about PMET

Stock symbols:
TSX.V:PMET
OTC:PMETF

Company Presentation

They have secured 100% ownership in 50km of claims in northern Quebec and have hit remarkable grades of lithium (Li) in the limited drilling they have done to date. They have drilled about 2.5km of the 50km run length of the property and have a very strong likelihood of having tapped into one of the largest Li deposits in the Americas (>100M tonnes).



It appears very likely they will have discovered more than 100M tonnes of ore just in the circled area below, which is less than 10% of the total run-length of the 50km trend, which they own 100%. And they have observed Li bearing pegmatites all along the 50km length of the property.



Quebec is the most mining friendly province in Canada and the Corvette property is only 12km away from developed roads and very adequate source of power.

There was a cool press release by PMET the morning of 4/21/22. It says that the two recent drill holes under a lake between two pegmatite outcroppings on either side of the lake contain Spodumene.

Patriot Battery Metals Completes Winter Drill Program, Extends Main Pegmatite Body to over 1.4 km in Length, and Returns Wider Intersections at Depth

An earlier PR (dtd 4/7/22) stated that the two drill holes under the lake showed that the pegmatite was continuous from the outcropping on one side of the lake to the outcropping on the other side (over the course of a 1.4km trend). Additionally, the PR stated that the pegmatite ore body only became wider at depth. Extremely promising developments.

Patriot Battery Metals Provides Further Update on 2022 Drill Campaign at the Corvette Lithium Property

From Wikipedia on Pegmatite: "... a few pegmatites have a complex composition, with numerous unusual minerals of rare elements. These complex pegmatites are mined for lithium, beryllium, boron, fluorine, tin, tantalum, niobium, rare earth elements, uranium, and other valuable commodities."

In other words, Pegmatite may contain Lithium.

From Wikipedia on Spodumene: "Spodumene is a pyroxene mineral consisting of lithium aluminum inosilicate, LiAl(SiO3)2, and is a source of lithium. It occurs as colorless to yellowish, purplish, or lilac kunzite (see below), yellowish-green or emerald-green hiddenite, prismatic crystals, often of great size."

In other words, Spodumene definitely contains Lithium.

So, the PR of 4/21 states that the pegmatite orebody between the two outcroppings definitely contain spodumene, which means that Lithium is present between the two outcroppings (across the 1.4km trend). And...the ore body is becoming wider at depth.

From a recent interview on YouTube with Blair Way, my key takeaway from interview was that Blair expects “triple digit” tonnage (i.e., >100Mt at approx 1% yield) from the first 5km of the Corvette property. What he didn’t mention is that they 100% own 50km of property and they have hit significant pegmatite outcroppings across all 50km.

Also, LAC, one of the world’s biggest Li miners, has a reserve of 60Mt at avg grade of about 1.5%. LAC’s market cap is $6B. PMET’s market cap is $75M. You do the math… I’ll give you a hint. PMET presently has 1/80th of the market capitalization as LAC, with possibly equivalent or more Li tonnage at very roughly comparable grades. Granted, LAC has a proven resource, is in production, has built a processing plant and has all necessary permits. Important distinctions.

Another interesting tidbit on PMET: Spodumene concentrate (6%) currently US$2895/t. 0.9% Li = 15% spodumene so in ground value would be about US434/t. Assuming no Li carbonate plant, a 100 million tonne resource at 0.9% Li has an in ground value of about $43 billion.

Some more interesting charts:





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tapioca tapioca 3 years ago
This is being heavily accumulated over the past
few months, what a beautiful chart. Looks like
their latest drill site in Quebec will yield some great
results.
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Renee Renee 3 years ago
RGDCF changed to PMETF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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tapioca tapioca 3 years ago
Uh, it’s moving, hello?
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Timetravelerdos Timetravelerdos 3 years ago
Patriot Battery Metals Completes Inaugural Drill Program
Corvette-FCI Property, James Bay, QC
November 03, 2021 08:00 ET | Source: Patriot Battery Metals

VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE: R9GA) is pleased to announce the completion of the final hole of its inaugural drill program at the Company’s Corvette-FCI Property (the “Property”), located in the James Bay Region of Quebec. The program targeted the CV5-6 Spodumene Pegmatites, part of a more than a 25 km CV Lithium Trend, as well as the Elsass and Lorraine prospects, which form part of the more than 10 km long Maven Copper-Gold-Silver Trend. The 15-hole, 2,047 metre drill program is the first drill testing to date along these two highly prospective trends, as well as the first drill program by the Company on the Property to date. Program highlights include:

CV5 – three (3) drill holes, totaling 609 metres, targeting lithium bearing pegmatite
CV6 – one (1) drill hole, totaling 148 metres, targeting lithium bearing pegmatite
CV12 – one (1) drill hole, totaling 114 metres, targeting lithium bearing pegmatite
Maven Copper-Gold-Silver Trend – ten (10) drill holes totaling 1,176 metres
Core sample assays for the first two drill holes are expected later this month
Blair Way, Company President and Director, comments: “This drill program has gone exceptionally well, and we are very excited about the assay results pending. The team have done a great job wrapping up before the snow flies. I look forward to the interpretation and modelling of the dataset – drill hole, surface sampling, and geophysics – that we will be completing in the coming weeks as we advance our understanding of this new and emerging lithium district we have identified.”

Final sample processing will be completed shortly with the final shipment to Activation Laboratories Ltd. in Ancaster, ON, anticipated to be completed this week. Core samples from the program have been submitted for multi-element analysis (including lithium, silver, and base metals) by four-acid digestion with ICP-OES finish (package 1F2), as well as tantalum by INAA (code 5B) on pegmatite samples, and gold by fire assay (1A2B-30) for Maven Trend and other select samples.

The Company notes that it has developed a COVID Management Plan for the program and has carried out its field activities while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.




https://www.globenewswire.com/news-release/2021/11/03/2326332/0/en/Patriot-Battery-Metals-Completes-Inaugural-Drill-Program.html
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Timetravelerdos Timetravelerdos 3 years ago
Patriot Battery Metals Provides Update on the Ongoing Drill Program at the Corvette-FCI Property, James Bay, QC

A total of four (4) NQ size diamond drill holes (~758 m) have now been completed at the CV5 (3 holes) and CV6 (1 hole) pegmatites. Spodumene pegmatite has been encountered in each drill hole. Sample processing is continuing, with the first two drill holes having been shipped for analysis to Activation Laboratories in Ancaster, ON. The drill rig has now mobilized from the CV5-6 area to the eastern portions of the Maven Trend (Lac de la Corvette and Tyrone targets), where drilling of the third hole at Maven, hole 7 of the overall drill program, is ongoing.

Blair Way, Company President and Director, comments: "The lithium drill core processing is nearly complete with the first two holes having been shipped to the lab, and I look forward to reporting assay results. The labs are exceptionally busy these days, so I expect some of these results to push up against Christmas and into the new year. However, I do expect results by late November for the first hole. It is very exciting to be putting holes down in the never before drilled CV and Maven trends and I look forward to providing further updates on our progress."

Lots more RGDCF News

https://www.globenewswire.com/search/keyword/patriot%252520metals



👍️0
Timetravelerdos Timetravelerdos 3 years ago
The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans the FCI West, FCI East, and Corvette claim blocks. The core area includes an approximate 2 km long corridor of numerous spodumene pegmatite occurrences, highlighted by the CV5 Pegmatite - a large (~220 m long and 20-40 m wide), well-mineralized outcrop where eight samples collected average 3.00% Li2O and 154 ppm Ta2O5, including a peak assay of 4.06% Li2O and 564 ppm Ta2O5. The high number of well-mineralized pegmatites in this core area of the trend indicates a strong potential for a series of relatively closely spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present. The CV Lithium Trend, including the CV5 pegmatite, has never been drill tested.

https://finance.yahoo.com/news/patriot-battery-metals-announces-mobilization-120000540.html
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Renee Renee 4 years ago
GAIA Metals Corp. changed to Patriot Battery Metals Inc. and a one for 3 reverse split.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Midwestrader Midwestrader 4 years ago
LOL..NOW ANOTHER REVERSE SPLIT coming tomorrow. 1 FOR 3 this time around.

Oh and also.....PATRIOT BATTERY METALS INC to help hide the STAIN of reverse splits.

Gawd............
👍️0
Renee Renee 5 years ago
RGDCF: effective Oct. 17,2019 92 Resources Corp. will change to GAIA Metals Corp., and a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Golden Cross Golden Cross 5 years ago
News 92 Resources Corp. Announces Effective Date of Consolidation and Name Change
Tuesday, October 15, 2019 4:00 PM
VANCOUVER, BC / ACCESSWIRE / October 15, 2019 / 92 Resources Corp. (the "Company") (TSXV:NTY)(OTCQB:RGDCF)(FSE:R9G2) to confirm the effective date for the consolidation of one (1) post-consolidation share for every ten (10) pre-consolidation shares and concurrent name and symbol change, as announced on October 4, 2019.

Effective at the opening on Thursday, October 17, 2019, the shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the name "Gaia Metals Corp." and stock symbol "GMC".

Post-Consolidation Capitalization: Unlimited shares with no par value of which approximately 8,900,245 shares are issued and outstanding.

Transfer Agent: TSX Trust Company

Trading Symbol: GMC (new)

CUSIP Number: 36270E106 (new)

About 92 Resources Corp.

92 Resources Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.

The Company's primary assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining, a recent spin-out from Osisko Mining, for a 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-silver-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in surface sample, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Silica Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

On Behalf of the Board of Directors,

"ADRIAN LAMOUREUX"

Adrian Lamoureux, President & CEO

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 news release.

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE: 92 Resources Corp.
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Golden Cross Golden Cross 5 years ago
News - 92 Resources Corp. Announces Share Consolidation and Name Change
Press Release | 10/07/2019
October 7, 2019
OTC Disclosure & News Service

Vancouver, BC, Canada —

This release includes additional documents. Select the link(s) below to view.
2019_10_04_NTY_NR.pdf

News Link
https://www.otcmarkets.com/stock/RGDCF/news/92-Resources-Corp.-Announces-Share-Consolidation-and-Name-Change?id=242528
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atomicnumber31 atomicnumber31 6 years ago
Somethings up.....
👍️0
NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Assigned Legal Entity Identifier Number

In compliance with the European Union, 92 Resources (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) announced that it has been assigned a Legal Entity Identifier (“LEI”) number (http://nnw.fm/6E0Us). The LEI is required for identification, as well as a number of financial reporting requirements for market participants. A recent article discusses the update, stating, “92 Resources now meets the requirements of the Frankfurt Stock Exchange to have an LEI number by January 3, 2018. ‘The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets (but) it can also be utilized by counter parties internally for risk management purposes,’ the Deutsche Borse Group stated. It added on its website that the LEI number will affect most aspects of the securities markets in Europe (http://nnw.fm/p32rL). These include clearing, trading, settlement, collateral, custody, and liquidity management.”

To view the full article, visit http://nnw.fm/lBlf2

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Obtains Legal Entity Identifier Number Required by European Union

- LEI number is equivalent to a barcode and The European Union requires it to identify financial market participants, such as banks and investment funds
- German Stock Exchanges (Frankfurt Stock Exchange) mandate that LEI numbers are required by January 3, 2018 for all listed companies
- 92 Resources Corp. is a Vancouver, Canada-based emerging junior exploration company that owns six sites in Canada

92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) announced that it has been assigned a Legal Entity Identifier (“LEI”) number (http://nnw.fm/6E0Us). It is significant because the European Union has adopted regulations that require use of the LEI as an equivalent to a barcode, pinpointing systematic risks.

This 20-digit alphanumeric code is both an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly identify contracting parties, such as investment funds, banks, and other companies. It is also used to comply with a number of financial reporting requirements.

92 Resources is a Vancouver-based emerging junior exploration company focused on acquiring and advancing strategic and prospective assets to the benefits of its shareholders, targeting primarily modern energy-related projects. 92 Resources owns six properties in Canada, with its three principal assets being the Hidden Lake Lithium Property in the Northwest Territories, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.

92 Resources now meets the requirements of the Frankfurt Stock Exchange to have an LEI number by January 3, 2018. “The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets (but) it can also be utilized by counter parties internally for risk management purposes,” the Deutsche Borse Group stated. It added on its website that the LEI number will affect most aspects of the securities markets in Europe (http://nnw.fm/p32rL). These include clearing, trading, settlement, collateral, custody, and liquidity management.

For more information, visit the company’s website at www.92Resources.com
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Gears Up for Exploration at Hidden Lake

As lithium continues to increase in demand as the key mineral resource to power electric vehicles (EVs), 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is gearing up for exploration of the promising Northern Canada site dubbed the Hidden Lake Lithium Project. An article discussing the potential in the extraction and development of valuable materials from this project reads: “The subarctic Northwest Territories early-stage mining project is developing four promising spodumene pegmatite geologic formations (http://nnw.fm/Psd6c) that are expected to prove lithium-bearing, thanks to scoping test work last year that achieved overall mineral extraction of 97 percent from concentrate (http://nnw.fm/XtGf3). The four formations that were sampled cross 2,080 meters and are among 60 channels sampled on the 1,849-hectare (4,569-acre) property north of Great Slave Lake’s shores. Crystals up to 36 inches long were reported.”

To view the full article, visit http://nnw.fm/9Wby0

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Explores Remote Reserves to Serve Urban Regions

- Northwest Territories lithium project developing promising formations
- Local government grant provides project cost options
- Quebec property’s lithium potential may also help meet tech battery needs

Canada’s secluded far north is energizing plans to provide urban societies in the earth’s more populated regions with eco-friendly travel options as automakers prepare for a new generation of technological advancements, and 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is exploring how to be part of the trend.

The subarctic Northwest Territories early-stage mining project is developing four promising spodumene pegmatite geologic formations (http://nnw.fm/Psd6c) that are expected to prove lithium-bearing, thanks to scoping test work last year that achieved overall mineral extraction of 97 percent from concentrate (http://nnw.fm/XtGf3). The four formations that were sampled cross 2,080 meters and are among 60 channels sampled on the 1,849-hectare (4,569-acre) property north of Great Slave Lake’s shores. Crystals up to 36 inches long were reported.

The project, dubbed the Hidden Lake Lithium Project, benefitted from a $140,000 government grant recognizing the property’s “highly ranked” potential under the Northwest Territories Mining Incentive Program in June (http://nnw.fm/HMTt3). Although Canada’s subarctic zone is remote from most populated centers, the Hidden Lake project has the advantage of being accessible from the Northwest Territories’ capital city some 40 km (25 miles) away.

The company is also working to develop expected lithium reserves in Quebec and silica sand samplings in British Columbia. The Quebec exploration covers over 114,000 acres where 115 mineral claims are examining known large-crystal pegmatites outcroppings.

Lithium has become an in-demand mineral resource as automakers begin working in earnest toward delivering electric vehicles powered by lithium and cobalt batteries. Current lithium supplies are expected to fall short of the rising demand, making new explorations an attractive venture. In addition to automotive uses, lithium-powered energy sources are being utilized for mobile phones and home computer applications. Industrial-sized lithium battery systems are also being put to work in some power infrastructures.

“We have great exploration ahead of us at Hidden Lake. We are going to drill these things and try to build ore bodies. Hopefully it’s that easy,” Jody Dahrouge, a consultant and major shareholder in 92 Resources, said during an October 2017 interview (http://nnw.fm/xcF4W). “We’ve done a bit of metallurgical work already to make sure there are no insurmountable hurdles at this early stage. Everything looks extremely positive.”

For more information, visit the company’s website at www.92Resources.com
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Mining Global Taste for Tech-Friendly Lithium

- Mineral known as ‘the new gasoline’ attractive to auto industry
- 92 Resources developing sites in Canada’s northwest, Quebec

The increasing drive among the world’s industrialized nations to find more environmentally friendly fuel sources is a boon to junior mining companies such as 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) (http://nnw.fm/Y5F7k), which are poised to help supply the global need for tech-friendly lithium.

Lithium has become an in-demand resource for the auto industry as manufacturers try to anticipate the consequences of recent political decisions favoring electric vehicles over their dominant gas-powered cousins (http://nnw.fm/7UrPz). In July, France and Britain joined the number of nations who have declared their intentions of prohibiting the sale of vehicles driven by fossil fuels, working against an established deadline to promote alternative means of transportation.

Electric vehicles powered by lithium and cobalt batteries have proven particularly attractive to markets within metropolitan areas, where gasoline’s advantages involving longer travel distances and established refueling networks are less critical. And automakers have taken notice, with many of them now committed to release a lineup of all-electric vehicles or hybrids with electrical plug-in capabilities during the coming years.

Lithium has also applications in technology that has become ubiquitous within the world’s societies during the past two decades, particularly mobile phones, tablets and laptops.

Independent energy producers have also begun to integrate industrial-sized battery systems into the power infrastructure.

Goldman Sachs referred to lithium as “the new gasoline,” but currently the surging demand is being met with an inadequate market supply, creating a lag-time in development and a rising trend in prices. During 2015, China’s import costs for 99 percent pure lithium carbonate doubled.

International mining and minerals researcher Roskill has estimated that in just over eight years, a potential shortfall of 26,000 metric tons could occur as industries call for more than 785,000 metric tons per year of lithium carbonate (http://nnw.fm/7QsDl).

92 Resources aims to capitalize on governments’ and industry leaders’ taste for lithium. The company has hard rock lithium extraction projects in Canada’s Northwest Territories as well as in Quebec.

A government grant enabled the company to begin work during the summer on the Northwest Territories Hidden Lake site, where scoping test work accomplished an overall extraction of 97 percent in lithium-bearing pegmatites (http://nnw.fm/VDxk2).

“The Project has now been significantly de-risked through the high quality, low-iron spodumene confirmed to be present at Hidden Lake, as well as the high lithium extractions that may be expected using standard methods,” 92 Resources president and CEO Adrian Lamoureux stated in a related press release. The Quebec exploration includes 115 mineral claims of more than 114,000 acres with known large-crystal pegmatites outcroppings.

“As we continue to aggressively advance our flagship Hidden Lake Lithium Project, we feel it is critical to maintain a pipeline of additional high-quality, early-staged, lithium pegmatite projects, each with potential as stand-alone opportunities,” Lamoureux stated.

For more information, visit the company’s website at www.92Resources.com
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Gears Up to Meet Lithium Demand as Countries Enforce Zero-Emission Mandates

Modern energy solutions company 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is gearing up to meet the looming demand for lithium as electric vehicles (EVs) continue to gain popularity. EVs are not only attractive to consumers for their cost-efficiency, but to governments as well for their lowered emissions. Since lithium powers the batteries needed for EVs, this is great news for 92 Resources Corp. An article discussing this reads: “While lower costs are certainly a powerful driver of the EV bandwagon, government policy is also playing an important part. A number of OECD countries have laid out zero-emission mandates that will take effect over the next two decades. Norway wants its new passenger cars and vans to have zero emissions by 2025. In addition, India will ban the sale of new gasoline and diesel cars by 2030, while France and the U.K. plan similar bans by 2040. Meanwhile, China is targeting 2030 as its deadline, with only fully electric cars will being sold in the country following that year.”

To view the full article, visit http://nnw.fm/heB5V

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Readies Lithium Assets as Electric Vehicles Return

- Government policy driving electric vehicle adoption
- A 100% increase in lithium price estimated to raise battery cost less than 1%
- Electric vehicle unit costs continue to fall as output rises

No one can be faulted for thinking that electric vehicles (EVs) will be a feature of the future. However, they were also a detail of the past. In the 1890s and early 1900s, EVs cruised the streets of America, particularly in the Northeast but also in Chicago. At the turn of the twentieth century, electric vehicles outnumbered their gasoline alternatives two to one in the major metropolitan areas of New York, Boston and Chicago. Powered by lead acid batteries, they increasingly lost market share to cars with internal combustion engines, which had longer ranges. Now, their time seems to have come again, and Americans are rediscovering EVs. As major automakers accelerate the launch of new EV models, they will be casting an eye at exploration companies like 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2), since this modern energy solutions company is mining the precious lithium that powers the batteries under the hood.

The latest report card for EVs shows how quickly American drivers are adopting plug-ins. For October 2017, EV sales were up 50% (to 16,000), as compared with October 2016 sales of about 11,000. September 2017 sales figures set a record, as 21,325 vehicles were sold, up 24% from the 17,225 moved the previous year. All the auto-making heavyweights, led by Tesla, have thrown their hats in the ring. Now, the increase in production is beginning to affect battery costs as economies of scale kick in. Lithium-ion battery costs fell by over 50% from $599/kWh in 2013 to $273/kWh in 2016 as battery producers raised output, according to Bloomberg Technology (http://nnw.fm/8eX75). The trend is likely to continue as demand for EVs continues to rise. Cost reductions from economies of scale are likely to trump any increase in the cost of lithium. Bloomberg estimates that a 300% increase in lithium prices would increase battery costs by only about 2%. Output increases are moving unit costs down at a much higher rate.

While lower costs are certainly a powerful driver of the EV bandwagon, government policy is also playing an important part. A number of OECD countries have laid out zero-emission mandates that will take effect over the next two decades. Norway wants its new passenger cars and vans to have zero emissions by 2025. In addition, India will ban the sale of new gasoline and diesel cars by 2030, while France and the U.K. plan similar bans by 2040. Meanwhile, China is targeting 2030 as its deadline, with only fully electric cars will being sold in the country following that year.

RGDCF is gearing up to meet the looming demand. The company now has five lithium properties, and two of those have shown a great deal of promise. The first, at Hidden Lake, is located approximately 40 km northeast of the city of Yellowknife, NT, and consists of two mineral claims totaling approximately 1,100 hectares. It is highly prospective for spodumene-bearing lithium pegmatites, with samples indicating between 1.37% and 3.01% Li2O. The very high grades of lithium have been attributed to observed concentrations of coarse-grained spodumene and crystals of up to 36 inches in length were also noted, with visual estimates across the dyke(s) in some places of 20 to 35%. The second, at Pontax River, consists of 104 mineral claims covering four blocks totaling approximately 5,536 hectares (13,681 acres) near Eastmain, Quebec, an area that has shown high levels of spodumene-bearing pegmatite.

The company also recently acquired three new properties. Each is an early-staged lithium pegmatite project with the potential to be a stand-alone property. The new deposits are sited at Corvette, Eastmain, and Lac du Beryl, and they consist of 115 mineral claims on a combined 14,710 acres, all rich in pegmatite. Pegmatite is a type of crystal-heavy igneous rock and is a good source of ‘hard rock’ lithium, which represents about one-third of all global reserves.

For more information, visit the company’s website at www.92Resources.com
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Likely to Profit Through Supply of Lithium to EV Manufacturers


The increased need for lithium, driven by the demand for electric vehicles (EV), is good news for 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2). As the automobile manufacturers scramble to secure enough lithium for EV production, the value of junior lithium mining companies like 92 Resources climbs. An article discussing this reads: “With concern about dwindling supplies of lithium carbonate growing, prices for the compound used in the cathodes of batteries have more than doubled since 2015. Prices are expected to hit US$12,000 per tonne, according to the Driving Disruption report issued by investment bank UBS, and while there are adequate reserves of the metal, bringing it to market quickly enough may pose a challenge. This prognosis has manufacturers of electric vehicles scrambling to secure supplies. It is very likely some will go knocking on the doors of junior exploration companies like 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2). Among its three principal assets, 92 Resources has five that revolve around lithium. As a result, the company is poised to deliver supplies of lithium to EV manufacturers seeking to secure their supply chains.”

To view the full article, visit http://nnw.fm/f5iJh

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
Your Electric Vehicle Could Soon Be Powered by Lithium from RGDCF Properties

Consumers are getting increasingly comfortable with the idea of electric vehicles (EVs), which, it has been predicted, could reach 200,000 units sold to Americans this year. Increasing EV sales has also meant increased demand for automotive batteries and the lithium powering them—making the lithium properties held by 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) increasingly important. An article discussing this reads: “As stock prices of the senior mining companies fully encapsulate the promising outlook for lithium, it is only a matter of time before the attention turns to junior exploration companies like 92 Resources. The company presently holds two lithium rich properties, at Hidden Lake and at their Corvette Property in Quebec. The Corvette Property is geologically situated within the Guyer Greenstone Belt and consists of 76 claims, totaling 3,891 hectares. The Corvette project has returned high-grade samples of 3.48% and 7.32% Li20 from spodumene bearing pegmatite exposed at surface. The Hidden Lake Lithium Property, located approximately 40 km northeast of the city of Yellowknife, NT, consists of two mineral claims, totaling approximately 1,100 hectares. It is highly prospective for spodumene-bearing lithium pegmatites, with samples indicating between 1.37% and 3.01% Li2O. The very high grades of lithium have been attributed to observed concentrations of coarse-grained spodumene and crystals of up to 36 inches long were also noted, with visual estimates across the dyke(s) in some places of 20 to 35%.”

To view the full article, visit http://nnw.fm/8oLKz

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF is Poised to Deliver Lithium as EV Manufacturers Seek to Secure Supplies

- Electric vehicle production is driving demand for lithium
- RGDCF controls five lithium properties
- Smart phones and other mobile devices also require lithium

With concern about dwindling supplies of lithium carbonate growing, prices for the compound used in the cathodes of batteries have more than doubled since 2015. Prices are expected to hit US$12,000 per tonne, according to the Driving Disruption report issued by investment bank UBS, and while there are adequate reserves of the metal, bringing it to market quickly enough may pose a challenge. This prognosis has manufacturers of electric vehicles scrambling to secure supplies. It is very likely some will go knocking on the doors of junior exploration companies like 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2). Among its three principal assets, 92 Resources has five that revolve around lithium. As a result, the company is poised to deliver supplies of lithium to EV manufacturers seeking to secure their supply chains.

Earlier this year, Volkswagen said that securing supplies of cobalt and lithium were two of its ‘greatest concerns’. And ‘BYD, the Chinese electric car and bus company part-owned by Warren Buffett, said it was talking to lithium producers in Chile about potential deals to secure lithium supply’. The race has been driven by rising estimates of EV production. In May 2017, UBS became the latest major analyst to up its forecast for EV penetration. The bank now estimates EVs will hit 14 percent penetration globally by 2025. This will require the lithium market to ‘to grow from its annual production of 182,000 tonnes to an average of 3.1m tonnes for 20 years to electrify the world’s fleet of vehicles’, according to the FT report.

RGDCF’s two major lithium assets are at Hidden Lake, approximately 40 km northeast of the city of Yellowknife, the capital of Canada’s Northwest Territories, and at their Corvette property, located 12 km south of the Trans-Taiga all-weather gravel road in the province of Quebec. The Hidden Lake Lithium Property consists of two mineral claims, totaling approximately 1,100 hectares. It is highly prospective for spodumene-bearing lithium pegmatites, with samples indicating between 1.37% and 3.01% Lithium superoxide (LiO2). The very high grades of lithium have been attributed to concentrations of coarse-grained spodumene and crystals of up to 36 inches long, with visual estimates across the dyke(s) ranging from 20% to 35%. The Corvette property consists of 76 claims totaling 3,891 hectares, and recently returned samples of 3.48% and 7.32% LiO2 from spodumene bearing pegmatite exposed at surface.

RGDCF recently acquired three new properties, including Corvette, and also located at Eastmain and Lac du Beryl, together consisting of 115 mineral claims on 14,710 acres, all rich in pegmatite. Pegmatite is a type of crystal-heavy igneous rock, and is a good source of ‘hard rock’ lithium, which represents about one-third of all global reserves.

With the lineup of EV manufacturers now a veritable alphabetic list of automakers, the fretting about demand has subsided. For the near future, the concern is supply: getting the metal out of the ground fast enough to satisfy demand from EV and mobile device makers. It won’t be surprising to see RGDCF’s valuation climb as lithium suitors court this modern energy solutions company.

For more information, please visit www.92Resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Properties May Soon Power Your Electric Vehicle

- Demand for Electric Vehicles is Growing
- Lithium Producer Valuations are on the Rise
- Junior Valuations Likely to Follow

The die is cast. There is no turning back the legion of electric vehicles (EVs) now making inroads in our cities. Americans are warming up to the idea of driving EVs. As a result, EV sales, running at a rate well above 40 percent compared to 2016, could reach 200,000 in 2017. Tesla, of course, is in the vanguard of this EV invasion, followed closely by General Motors (GM) and Toyota; but practically every other auto manufacturer, including BMW, Fiat, Ford, Honda, Hyundai, Mercedes, Nissan, Porsche, Volkswagen and Volvo, has gotten on board the EV wagon. This upsurge in EV sales is driving demand for automotive batteries and the lithium that powers them, which makes the lithium properties held by 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) increasingly precious resources.

A recent article on NetworkNewsWire highlights how Lithium is Fuelling the New Millennium (http://nnw.fm/Qgqx5). Apart from its use in automobiles, lithium is an essential component of the batteries that power the 8 million smart phones and other mobile devices now in use around the globe. Consequently, while the hunger for lithium will fluctuate in the short term; in the longer term, it is only likely to increase, as market signals indicate. Valuations of the leading lithium producers have been rising steadily. FMC Corp (NYSE: FMC) has appreciated by 87% over the past year; Sociedad Quimica y Minera de Chile (NYSE: SQM) has shot up by over 109% and Albemarle Corporation (NYSE: ALB) has climbed some 62%.

As stock prices of the senior mining companies fully encapsulate the promising outlook for lithium, it is only a matter of time before the attention turns to junior exploration companies like 92 Resources. The company presently holds two lithium rich properties, at Hidden Lake and at their Corvette Property in Quebec. The Corvette Property is geologically situated within the Guyer Greenstone Belt and consists of 76 claims, totaling 3,891 hectares. The Corvette project has returned high-grade samples of 3.48% and 7.32% Li20 from spodumene bearing pegmatite exposed at surface. The Hidden Lake Lithium Property, located approximately 40 km northeast of the city of Yellowknife, NT, consists of two mineral claims, totaling approximately 1,100 hectares. It is highly prospective for spodumene-bearing lithium pegmatites, with samples indicating between 1.37% and 3.01% Li2O. The very high grades of lithium have been attributed to observed concentrations of coarse-grained spodumene and crystals of up to 36 inches long were also noted, with visual estimates across the dyke(s) in some places of 20 to 35%.

However, there’s more to 92 Resources than Hidden Lake and Corvette. The company recently acquired three new properties, believing it’s critical to maintain a pipeline of additional high quality, early staged lithium pegmatite projects, each with the potential as stand-alone properties. The new deposits are sited at Corvette, Eastmain, and Lac du Beryl, and consist of 115 mineral claims on a combined 14,710 acres, all rich in pegmatite. Pegmatite is a type of crystal-heavy igneous rock, and is a good source of ‘hard rock’ lithium, which represents about one-third of all global reserves.

For more information, please visit www.92Resources.com.
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Expands Portfolio of Prospective Lithium Projects

Modern energy solution company 92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) recently acquired three new properties in Quebec, Canada, that are highly prospective in hard-rock lithium. Consisting of 115 mineral claims on 14,710 combined acres, the sites are Corvette, Eastmain and Lac du Beryl. An article discussing this reads: “In a news release, Adrian Lamoureux, president and CEO of 92 Resources, said, ‘As we continue to aggressively advance our flagship Hidden Lake Lithium Project in NWT, we feel it is critical to maintain a pipeline of additional high-quality, early staged lithium pegmatite projects, each with potential as stand-alone properties. We are very excited by these new additions to the Company’s already high quality portfolio of assets.’”

To view the full article, visit http://nnw.fm/wC1w2

About 92 Resources Corp.

92 Resources Corp. is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. For more information, visit www.92resources.com
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NetworkNewsWire NetworkNewsWire 7 years ago
RGDCF Acquires Three Prospective Lithium Properties in Quebec

- 92 Resources is an emerging junior exploration company
- Worldwide market for lithium is projected to grow 8.9% annually through 2019 to reach $1.7 billion
- Lithium-ion rechargeable batteries are used in the manufacture of electric vehicles, phones, laptops and digital cameras

92 Resources Corp. (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) recently announced that it has acquired three new properties in Quebec, Canada, which are highly prospective in hard-rock lithium (http://nnw.fm/uH2Oc). The sites are Corvette, Eastmain, and Lac du Beryl, and consist of 115 mineral claims on a combined 14,710 acres.

92 Resources is an emerging junior exploration company focused on acquiring and advancing strategic and prospective assets. It acquired 100% interest in the Hidden Lake Lithium Property and has achieved 97% lithium extraction from its pegmatites. Lithium is used for the manufacture of rechargeable lithium-ion batteries in phones, laptops, digital cameras and electric vehicles. Aluminum-lithium alloys are used in the manufacture of aircraft, bicycle frames and high speed trains. The global market for lithium is projected to grow 8.9% annually through 2019 to reach $1.7 billion, according to The Freedonia Group (http://nnw.fm/Dh9Ms).

In a news release, Adrian Lamoureux, president and CEO of 92 Resources, said, “As we continue to aggressively advance our flagship Hidden Lake Lithium Project in NWT, we feel it is critical to maintain a pipeline of additional high-quality, early staged lithium pegmatite projects, each with potential as stand-alone properties. We are very excited by these new additions to the Company’s already high quality portfolio of assets”

In its corporate presentation (http://nnw.fm/6Bt69), 92 Resources explained that pegmatite is a type of crystal-heavy igneous rock and that hard rock lithium represents about one-third of all global reserves.

Brief due diligence site visits were made prior to the acquisition and pegmatite outcrop was confirmed at each property.

At the Corvette Project, 76 claims have been made. At the site visit, abundant coarse-grained spodumene crystals were identified. On the Eastman Project, 21 claims have been made, and it is highlighted by a large pegmatite outcrop. A total of 18 claims have been made at the Lac du Beryl Project, where several prominent outcrops of pegmatite have been seen.

For more information, visit the company’s website at www.92Resources.com
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