Lithium Sets Itself Apart In Mining Sector As Lithium Production Surges on Rapidly Increasing Demand; Company Expands Operati...

Date : 04/21/2016 @ 1:30PM
Source :InvestorsHub NewsWire
Stock : Nevada Energy Metals Inc. (SSMLF)
Quote : 0.0782  0.0 (0.00%) @ 4:37PM

Lithium Sets Itself Apart In Mining Sector As Lithium Production Surges on Rapidly Increasing Demand; Company Expands Operati...

Lithium Sets Itself Apart In Mining Sector As Lithium Production Surges on Rapidly Increasing Demand; Company Expands Operations at Recently Acquired Nevada Project

Coral Springs, FL -- April 21, 2016 -- InvestorsHub NewsWire -- As lithium sector enjoys increased demand for lithium to fuel such industries as electric car and the power storage revolution, the window of opportunity for mining companies leads to new mining projects, mergers and acquisitions as well as expansion of current operations.  Mining companies in the markets today with current developments of note are Nevada Energy Metals Inc. (OTC: SSMLF) (TSX-V:BFF), Albemarle Corporation (NYSE: ALB), FMC Corporation (NYSE: FMC), Pure Energy Minerals Limited (OTCQB: HMGLF) (TSX-V: PE) and Galaxy Resources Limited (OTC: GALXF)

Nevada Energy Metals Inc. "the Company" (TSX-V:BFF) (OTC: SSMLF) is pleased to announce that the Company has expanded its Clayton Valley holdings by acquiring an additional 27 claims to its lithium brine exploration project at Silver Peak, Esmeralda County, Nevada. The BFF-1 project now comprises 87 claims with an area encompassing 1,740 acres /704 hectares and directly abutting the region of brine production of Rockwood Lithium, a subsidiary of Albermare Resources (NYSE: ALB) in the northern portion of Clayton Valley. The claims cover an area of playa, including the Goat Island graben (inferred from gravity inversion; Quantec, 2008; Petrick, 2008), that encompasses a portion of a deep-circulation geothermal system beneath basin-fill sediments locally blanketed with travertine in north-western Clayton Valley. The Goat Island graben segments Clayton Valley into a northerly-trending, 1-2 km-wide sub-basin with a distinct escarpment on each side. Geological modeling and assessment of historical drilling results by J.B. Hulen, PG, (July 31, 2008 report) concluded that both shallow thermal-gradient and lithium-exploration drilling demonstrates that the northern portion of Clayton Valley contains the valley's highest subsurface temperatures and that these temperatures may be localized in the Goat Island graben and its structural projections to the northeast and south.

Read the full Nevada Energy Metals (SSMLF, BFF.V) Press Release at

Significantly, within the graben and within the boundary of the claim block, a drill hole by Western Geothermal Partners 2007 logged as WGP#2 reported as follows:' From 280 - to 305 ft., fine grained green sand and silt logged as volcanic ash was encountered. This unit may be correlative to the Main Ash Aquifer, which is a marker bed in other areas of the Clayton Valley Basin." J.B. Hulen, PG, (July 31, 2008.)  Nevada Energy Metals is planning a detailed summer/fall exploration program on the BFF-1 project. The property was acquired for cost of staking with no overriding royalties.

In other sector developments in the Lithium space:  Nevada Sunrise Gold Corporation announced an update on its current drilling program at the Neptune Lithium Project ("Neptune", or the "Project") located in the southern Clayton Valley of Nevada, USA .  Neptune consists of 316 unpatented 20-acre placer claims totaling approximately 6,320 acres (2,557 hectares) and is located in an active area of lithium exploration and mining. The Silver Peak lithium mine operation, acquired by Albemarle Corporation (NYSE: ALB) in 2015, has extracted lithium minerals from brines continuously since 1966 and is located approximately 10 miles (15 kilometres) to the north of Neptune.

FMC Corporation (NYSE: FMC) recently announced that Paul Graves, Executive Vice President and Chief Financial Officer, will speak at the Wells Fargo Securities Industrial and Construction Conference in New York City, on Wednesday, May 11, 2016 at 1:55 p.m. ET.  A live webcast will be available on the FMC Investor Relations website.  For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products.  FMC acquired Cheminova in April 2015.  Revenue totaled approximately $3.3 billion in 2015.  FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium.

Pure Energy Minerals Limited (OTCQB: HMGLF) (TSX.V: PE) announced recently that a core drill is once again turning at its Clayton Valley South ("CVS") Lithium Brine Project, located near Silver Peak, Nevada (the "Project"). Based on their successful track record during the phase 2 drill program at CVS, Harris Exploration Drilling and Associates Inc. remains the primary drill contractor on the Project. The drillers collared the new well (CV-3) approximately 200 metres (660 ft) southeast of CV-1. Drilled in the first phase of Pure Energy drilling at Clayton Valley, CV-1 was completed to only 275 metres (900 ft). The Company expects to drill CV-3 to a depth of up to 500 metres (1,640 ft) before completing its construction with appropriate gravel pack, bentonite, and screening.

Dajin Resources Corp. (OTC: DJIFF) & Galaxy Resources Limited (OTC: GALXF) are two other mining companies with recent developments in the Lithium sector to keep an eye on.  GALXF traded over 960,000 shares on Wednesday closing up over 9% at $0.39.  DJIFF realized a heavy trading day on Wednesday as well closing up over 13% on over 3.08Million shares traded by the market close. is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at  Follow us on Facebook: and Twitter:

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 two 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.


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