Allkem ( AU0000193666 ) aus der Fusion von Galaxy Resources und Orocobre ensstanden (Seite 161)

[adama2000]

ASX / TSX ANNOUNCEMENT
Completion of sale of Exploration Assets to Advantage Lithium
Orocobre Limited (the Company or Orocobre) (ASX: ORE TSX: ORL) is pleased to announce that further to its releases of November 23, 2016 the Company has completed the sale of a suite of exploration assets to Advantage Lithium Corp (TSV:AAL ).
The completion of the sale follows the successful closing of a CAD20 million capital raising via subscription receipts undertaken by Advantage Lithium and the satisfaction of all other conditions in the transaction documentation. These funds have now been released, leaving Advantage Lithium well funded with approximately CAD23 million.
Following the completion of the transaction Orocobre Limited will hold 46,325,000 (35%) of the issued shares of Advantage Lithium and will also hold 2,550,000 warrants exercisable at CAD1. Orocobre Limited did not participate in the capital raising. Pursuant to the terms of the transaction agreements, Orocobre has retained a 42.5% interest and a 1% gross royalty in the Cauchari Project. Advantage Lithium has the right to increase its interest to a total of 75% by the expenditure of USD5 million and will commence a drilling programme at Cauchari in late April. Upon the closing of the sale, Richard Seville and Rick Anthon from Orocobre Limited were appointed to the board of Advantage Lithium.
Drilling on the Cauchari Project is due to start in the coming quarter following recent approval of the project’s exploration Environmental Impact Study (EIS).
Managing Director Richard Seville stated, “We are very pleased to have completed this transaction and look forward to a successful partnership with a well funded partner in Advantage Lithium. It is a real positive that the Cauchari Joint Venture and other projects we have sold to Advantage Lithium will be rapidly advanced whilst we maintain our focus on achieving our Stage 1 production goals at the Olaroz Lithium Facility and subsequent growth opportunities.”
For more information, please contact:
Richard Seville Andrew Barber
Managing Director Investor Relations Manager
T: [phone] T: [phone]
M: [phone] M: [phone]
E: [e-mail] E: [e-mail]

[adama2000]

Advantage Closes Acquisition of Orocobre's Argentine Lithium Brine Properties
Published: Mar 28, 2017 8:15 a.m. ET

VANCOUVER, BRITISH COLUMBIA, Mar 28, 2017 (Marketwired via COMTEX) -- Drilling expected to begin at Cauchari, focusing on its large exploration target, in April 2017

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 28, 2017) - Advantage Lithium Corp. (the "Company" or "Advantage Lithium") (AAL)(otcqx:AVLIF) is pleased to announce that, further to its news releases of November 23, 2016, December 22, 2016, January 24, 2017, February 8, 2017, February 17, 2017 and March 16, 2017, the Company has completed its acquisition of an initial 50% interest, with a right increase its interest to a total of 75%, in the Cauchari Project and a 100% interest in five other lithium brine properties located in the northern provinces of Jujuy, Salta and Catamarca in Argentina's lithium triangle (the "Argentine Properties") from Orocobre Limited ("Orocobre") - one of Argentina's leading lithium producers. The closing of the acquisition follows the closing of a $20 million financing.

David Sidoo, President and CEO, of Advantage Lithium, commented, "Having closed this acquisition and the $20 million financing, we are in a position to aggressively advance the exploration and development of our advanced Cauchari project with our partner, Orocobre, with drilling expected to commence in April 2017. We will also begin exploring the other 100% owned exploration projects in the heart of Argentina's lithium triangle as we seek to build a premier lithium exploration company in Argentina."

"I would like to welcome our new directors, Richard Seville, Rick Anthon, Miguel Peral and Nick DeMare to the Board," Sidoo added. "I also want to thank Dev Randhawa and Ross McElroy in particular, as well as William Marsh, for their invaluable assistance and guidance with Advantage Lithium."

News Highlights

Acquisition of six Orocobre lithium brine properties, including 50% (with option of 75%) of the Cauchari project in Argentina

Drilling to start at Cauchari in April 2017, focusing and expanding both laterally and at depth on area of the inferred resource estimate as well as drill testing the large exploration target defined with a quantity range of 0.25 to 5.6 mt of LCE and 0.9 mt to 16 mt of potash and target grade range of 260 mg/L Li and 2550 mg/L K and 537 mg/L for Li and 5350 mg/l K for the lower and upper ranges.

Cauchari hosts an inferred resource containing an estimated 230 million cubic metres of brine at ~380 mg/l Li and 3,700 mg/l K. This is equivalent to 470,000 tonnes of lithium carbonate (~88,000 tonnes lithium metal) and 1.62 million tonnes of potash (KCl - equivalent to ~840,000 tonnes of potassium).

The project is adjacent to Lithium America's and SQM's Cauchari project - host to major resources in the proven, probable, measured and indicated categories. Lithium Americas recently proposed a combined equity and debt financing of USD $286M investment by Bangchak Petroleum Public Company Ltd. and GFL International Ltd. to put its project into production.

The same, highly-experienced drilling contractor that successfully drilled and proved up the Lithium America/SQM Cauchari project has been contracted by Advantage Lithium

Orocobre (ORL)
One of Argentina's leading lithium producers and one of the world's five primary producers.

Currently producing from its Olaroz brine project in Argentina (JV with JEMSE [8.5%] and Toyota Tsusho [25%]).

Olaroz is operating profitably at 17,500tpa capacity, with recently-announced plans to expand to 35,000tpa. Approximately 80% utilization rate and profit margins in excess of USD$6500/t.

Extensive land holdings in Argentina's lithium triangle and strong working relationships with government and local communities

[Kickstarter]

Antwort auf Beitrag Nr.: 54.634.094 von Nuggeteer am 29.03.17 11:11:57

Sehen wohl einige anleger so... shortquote heute bei 19 %

[Nuggeteer]

Antwort auf Beitrag Nr.: 54.632.135 von Kickstarter am 29.03.17 07:35:07

Ich gebe keinen Pfifferling drauf! Seine Glaubwürdigkeit beträgt Null.

[Kickstarter]

Antwort auf Beitrag Nr.: 54.598.161 von Nuggeteer am 23.03.17 15:09:48

https://youtu.be/dH1IPqv3o1c Richard spricht sich klar gegen eine ke aus... war das in der vergangenheit auch so? Wie interpretierst du diese Ptäsentation?

[Kickstarter]

Antwort auf Beitrag Nr.: 54.620.225 von urpferdchen am 27.03.17 14:52:27

Das ist ansich eine gute Nachricht, das ORE im moment die meist geshorteste Aktie an der ASX ist, ist eher kein gutes Zeichen... es spekulieren wohl einige auf eine Kaptialerhöhung. Zum dritten mal das ORE jetzt sagt das sie keine KE benötigen... in der Vergangenheid wurden die Investoren 2 mal entäuscht... naja alle guten Dinge sind 3^^

[urpferdchen]

Heute ein Beitrag zu Orocobre - der Link dazu - in englisch - hoffentlich keine schlechten Nachrichten.

http://www.rohstoff-welt.de/news/artikel.php?sid=170618&lang…

[Schiff_Ahoi]

Hallo,

was heisst das jetzt?

Kann dies Orocobre überhaupt finanzieren oder steht jetzt die "angekündigte" Kapitalerhöhung an?

Im Jahr 2020 sind die anderen Silizium-Entwickler doch auch am Markt.
Das verheisst nicht wirklich Gutes?

Der Kurs bewegt sich langsam, aber konstant nach unten.

Grüße, Hannes

[korngizmo]

Antwort auf Beitrag Nr.: 54.602.310 von adama2000 am 24.03.17 06:47:26

Argentina says Enirgi, Orocobre to invest $880m in lithium
2017-03-24:
BUENOS AIRES -
Miners Enirgi Group Corporation and Orocobre will expand their production of lithium in Argentina with investments of $720-million and $160-million, respectively, Argentina's government said on Thursday.
Argentina is the world's No. 3 producer of lithium, a hotly demanded material used in car batteries and mobile phones.
According to the government's statement, the investment from Enirgi to create an advanced materials division in Argentina will help the company increase its production to more than 50 000 tonnes of lithium carbonate annually.
Enirgi Group said in a March 21 statement it was opening an advanced materials division in Argentina but did not give an investment amount.
Orocobre's production would increase to 30 000 tonnes per year in 2020 from 13 000 tonnes currently, the statement said.
The companies did not immediately respond to request for comment.
Industry representatives and the government say Argentina's lithium production could triple by 2019 as companies announce investments.
Currently, Argentina produces 29 000 tonnes of lithium carbonate per year, around 15% of global output.

[adama2000]

ASX / TSX ANNOUNCEMENT
Orocobre Provides Update on VAT Recovery at Sales de Jujuy SA
Orocobre Limited (ORE:ASX, ORL:TSX) (Orocobre or the Company) wishes to provide an update on Value Added Tax ( ‘’VAT’’) recovery at Sales de Jujuy S.A. ( ‘’SDJ’’) in Argentina.
The Company is pleased to advise that the process of VAT recovery has accelerated and become a routine process over recent months. Approximately US$2M of refunds have been received by SDJ this week. Taking into account VAT received over the past 11 months, including such amount received this week, approximately US$6M has been received by SDJ to date. Further refunds of approximately US$6.5M have been approved by the Argentine tax authorities and are expected to be received in the near future.
Refund amounts in US$ are quoted as approximate given they are Argentine Peso denominated.