Bearing Lithium (Seite 18)
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Antwort auf Beitrag Nr.: 56.495.744 von married am 19.12.17 20:20:01
Finde die Daten aber eigentlich nicht schlecht und mit dem neuen Chilenischen Präsidenten scheint das politische Risiko auch geringer zu werden.
20 000 T pa
Scheint einige zu enttäuschen.Finde die Daten aber eigentlich nicht schlecht und mit dem neuen Chilenischen Präsidenten scheint das politische Risiko auch geringer zu werden.
Im Moment noch trading-halt in Canada
wegen dieser news:
Und die liest sich schon Mal gut:
Bearing Lithium Corp.: Maricunga Preliminary Economic Assessment (PEA) Highlights
Low Cost and Short Payback
ANCOUVER, British Columbia, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture:BRZ) (BRGRF) (B6K1.F) is pleased to announce the results from a Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 on the Maricunga lithium brine project located in Chile (the “Maricunga Project”). The report titled “Preliminary Assessment and Economic Evaluation of the Minera Salar Blanco Project” was prepared by WorleyParsons for the Maricunga joint-venture company, Minera Salar Blanco, and will be filed on SEDAR (www.sedar.com) within the coming days. Upon completion of an earn-in by it’s joint-venture partner, Bearing Lithium will hold a final 17.7% interest in the Maricunga project along with Minera Salar Blanco SpA at 32.3% and Lithium Power International at 50%. Under the terms of the earn-in, Lithium Power is funding all exploration and development costs with both Bearing and MSB having a free carry through to the completion of a definitive feasibility study.
NI 43-101 Preliminary Economic Assessment (PEA) Highlights
The Maricunga Lithium Brine project’s Preliminary Economic Assessment (PEA) supports 20,000 tonnes per annum (t/a) production of lithium carbonate (LCE) and 74,000t/a potassium chloride fertilizer (KCl) over 20 years.
Project NPV is estimated to be US$1.049B before tax at 8% discount rate, providing an IRR of 23.4%.
Payback in 2 years and 11 months based on a 2-year ramp up period.
Project operating cost places Maricunga among most efficient producers with lithium carbonate production cost of US$2,938 per tonne (/t) FOB in Chile, reducing to US$2,635/t with credits from KCl by-product.
Project development cost estimated at US$366M excluding KCl, plus indirect costs of 14.2% (US$55M) and 18.6% (US$83M) contingency.
The project is progressing to a feasibility study, providing improved certainty regarding reserves, metallurgical design, equipment and operational risks.
Conventional evaporation pond and process technology used to minimise operational risks.
PEA completed by Tier-1 engineering consultancy WorleyParsons to international standards. Accuracy of operating and capital cost estimates expected within a +/- 25% range.
“The release of this PEA is an important milestone for the Maricunga project. Prepared by Worley Parsons alongside MSB’s technical team, the level of detail and information of the report meets international standards and demonstrates the world class nature of Maricunga. The study demonstrates a very positive and robust outcome that justifies completion of a full feasibility study. The operating expenditure estimate places Maricunga in the lower quartile on the cost curve, at US$2,938/t (excluding KCl), with a payback of less than three years. We are excited to continue advancing the Maricunga project and congratulate the MSB project management team for its effort and success.” Jeremy Poirier, President and CEO of Bearing commented.
Alles Weitere unter: https://finance.yahoo.com/news/bearing-lithium-corp-maricung…
wegen dieser news:
Und die liest sich schon Mal gut:
Bearing Lithium Corp.: Maricunga Preliminary Economic Assessment (PEA) Highlights
Low Cost and Short Payback
ANCOUVER, British Columbia, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Bearing Lithium Corp. ("Bearing" or the "Company") (TSX Venture:BRZ) (BRGRF) (B6K1.F) is pleased to announce the results from a Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 on the Maricunga lithium brine project located in Chile (the “Maricunga Project”). The report titled “Preliminary Assessment and Economic Evaluation of the Minera Salar Blanco Project” was prepared by WorleyParsons for the Maricunga joint-venture company, Minera Salar Blanco, and will be filed on SEDAR (www.sedar.com) within the coming days. Upon completion of an earn-in by it’s joint-venture partner, Bearing Lithium will hold a final 17.7% interest in the Maricunga project along with Minera Salar Blanco SpA at 32.3% and Lithium Power International at 50%. Under the terms of the earn-in, Lithium Power is funding all exploration and development costs with both Bearing and MSB having a free carry through to the completion of a definitive feasibility study.
NI 43-101 Preliminary Economic Assessment (PEA) Highlights
The Maricunga Lithium Brine project’s Preliminary Economic Assessment (PEA) supports 20,000 tonnes per annum (t/a) production of lithium carbonate (LCE) and 74,000t/a potassium chloride fertilizer (KCl) over 20 years.
Project NPV is estimated to be US$1.049B before tax at 8% discount rate, providing an IRR of 23.4%.
Payback in 2 years and 11 months based on a 2-year ramp up period.
Project operating cost places Maricunga among most efficient producers with lithium carbonate production cost of US$2,938 per tonne (/t) FOB in Chile, reducing to US$2,635/t with credits from KCl by-product.
Project development cost estimated at US$366M excluding KCl, plus indirect costs of 14.2% (US$55M) and 18.6% (US$83M) contingency.
The project is progressing to a feasibility study, providing improved certainty regarding reserves, metallurgical design, equipment and operational risks.
Conventional evaporation pond and process technology used to minimise operational risks.
PEA completed by Tier-1 engineering consultancy WorleyParsons to international standards. Accuracy of operating and capital cost estimates expected within a +/- 25% range.
“The release of this PEA is an important milestone for the Maricunga project. Prepared by Worley Parsons alongside MSB’s technical team, the level of detail and information of the report meets international standards and demonstrates the world class nature of Maricunga. The study demonstrates a very positive and robust outcome that justifies completion of a full feasibility study. The operating expenditure estimate places Maricunga in the lower quartile on the cost curve, at US$2,938/t (excluding KCl), with a payback of less than three years. We are excited to continue advancing the Maricunga project and congratulate the MSB project management team for its effort and success.” Jeremy Poirier, President and CEO of Bearing commented.
Alles Weitere unter: https://finance.yahoo.com/news/bearing-lithium-corp-maricung…
Nachdem die Wahlen in Chile vorüber sind und der Unternehmer / Minen - freundliche Pinera neuer Präsident wird, kann man auch wieder eine BEARING ( mit ihrem Lithium - Anteil in Chile ) anfassen.
BRZ's australische Partner, die LPI, hat es heute morgen schon vorgemacht mit + 12,3 %.
The latest on Chile's presidential runoff election (all times local):
9:30 p.m.
Former Chilean President Sebastian Pinera is thanking supporters after he easily won the country's presidential runoff election Sunday.
The one-time airline magnate says he is humbled by the "magnificent triumph" and is calling for unity among Chileans.
Electoral officials say the conservative Pinera has 54.6 percent of the votes to nearly 45.4 percent for center-left Sen. Alejandro Guillier, with nearly all votes counted.
BRZ's australische Partner, die LPI, hat es heute morgen schon vorgemacht mit + 12,3 %.
The latest on Chile's presidential runoff election (all times local):
9:30 p.m.
Former Chilean President Sebastian Pinera is thanking supporters after he easily won the country's presidential runoff election Sunday.
The one-time airline magnate says he is humbled by the "magnificent triumph" and is calling for unity among Chileans.
Electoral officials say the conservative Pinera has 54.6 percent of the votes to nearly 45.4 percent for center-left Sen. Alejandro Guillier, with nearly all votes counted.
Trading Spotlight
Baystreet Staff - Tuesday, December 12, 2017
The Race is On to Secure Lithium Supply Channels
According to CNBC, China is beating the U.S. and other countries in a worldwide competition to lock-down supplies of lithium, a critical metal used in nearly every rechargeable battery in electric vehicles.
Against the backdrop of China looking to push the roll-out of EVs to combat a major pollution problem and other countries like Norway, Britain, France and India wanting to give combustion-engine cars the boot, there is an eruption gurgling in the global EV market that has companies big and small looking to squarely address what very well could be a shortfall in battery-grade lithium supplies in the future.
The old axiom goes along the lines of, "If you want to hunt for big game, go where big game has been seen before." Extrapolating that adage to lithium means, "look to Chile,” where the Salar de Atacama in the northern part of the country provides every bit of the country’s lithium production and about 40% of the world’s production annually.
Some of the highest-grade lithium in the world is found in Chilean dry salt lakes. Furthermore, the country is known to host about 7.5 million metric tonnes of lithium, more than double that of the next closest competitor, China at 3.2 million metric tonnes, and over half of the world’s known lithium reserves.
While Atacama is a household name in lithium circles, the nearby Maricunga salar is recognized as the highest-grade undeveloped lithium salar in the Americas and highest-grade pre-production lithium brine project in the world.
The leading player in the space is a joint venture between Bearing Lithium Resources (TSX-Venture:BRZ)(OTCQB:BRGRF), privately-held Minera Salar Blanco and Lithium Power International (ASX:LPI).
Currently, LPI is shouldering all of the financing for the project through a definitive feasibility study expected in 1H 2018 in order to earn a 50% stake (currently at 32.5%), with the remainder to be owned by Minera (32.3%) and Bearing Lithium (17.7%).
Ahead of the feasibility study, investors are looking for a preliminary economic assessment by the end of 2017. The PEA will be based on an estimated production rate of 20,000 tonnes of lithium carbonate per year and cover the gamut of information on the project, including, but not limited to, a process flow diagram, equipment list, concentration and purification process info, production pond plan, capital and operational expense estimate and other cash flow components.
More than $30 million has been invested in the 4,463-acre Maricunga project, mostly through Minera and Li3 Energy, a company acquired by Bearing Lithium in October. Together, the JV has already grown the resource nearly four-fold from a 2012 estimate in what is highly anticipated to be a world-class, low-cost project with a long mine life.
Commercial production is targeted for as early as 2020 and no later than 2022, thanks to a grandfather clause and the fact that Maricunga is close to all the necessary infrastructure (port, roads, electricity, workers, etc.).
The project hosts a National Instrument 43-101 Measured and Indicated resource of 1.7 million tonnes of lithium carbonate equivalent (LCE) at a grade of 1,143 mg/L lithium plus an Inferred resource of 400,000 tonnes of LCE at a grade of 1,289 mg/L.
Moreover, the NI estimate is only calculated to a depth of 200 metres. Recent drilling shows mineralization still open at depth of 360 metres, with seismic surveying and geophysics showing the basin to potentially extend greater than 500 metres in depth.
The JV partners enjoy the benefit of the project being grandfathered in under previous Chilean mining code, which permits for lithium to be immediately extracted from the salar. This fact gives Bearing and partners a competitive edge over others that could languish in regulatory red tape for years before advancing a project in the region, time that cannot afford to be wasted in light of the need for lithium for Li-ion batteries.
Another edge for future lithium sales goes to the JV with Minera entering into discussion last month with the Fulin Group, a large Chinese consolidation company. A memorandum of understanding has been penned between Fulin and Minera to discuss Fulin potentially taking between a 20-50% stake in Minera and providing the necessary funding to cover construction and development costs at the project. While negotiations are in the early stages and consummation of any deal is not assured, the interest reaffirms the value of the Maricunga project.
Lending further credence to the potential of the property, steel-making giant Pohang Iron & Steel invested $18 million in Li3 Energy and still holds a 7% stake in Bearing Lithium. Pohang has developed a revolutionary rapid lithium extraction technology that can cut extract lithium from brine in as little as eight hours, versus over a year by conventional methods.
As it is setting up, Bearing Lithium, who also controls a lithium property in Nevada optioned to First Division Ventures and gold assets in the Yukon optioned to Golden Predator, is putting together a tremendous final quarter to 2017 and setting the stage for what should be a prosperous 2018.
Surprisingly, Wall and Bay Streets haven’t fully caught on to this little gem with big partners in the most promising lithium salar the world has to offer. As sure as the EV evolution is coming, it’s just as likely Bearing Lithium won’t continue to fly under the radar of investors.
http://www.baystreet.ca/articles/stockstowatch/34838/The-Rac…
The Race is On to Secure Lithium Supply Channels
According to CNBC, China is beating the U.S. and other countries in a worldwide competition to lock-down supplies of lithium, a critical metal used in nearly every rechargeable battery in electric vehicles.
Against the backdrop of China looking to push the roll-out of EVs to combat a major pollution problem and other countries like Norway, Britain, France and India wanting to give combustion-engine cars the boot, there is an eruption gurgling in the global EV market that has companies big and small looking to squarely address what very well could be a shortfall in battery-grade lithium supplies in the future.
The old axiom goes along the lines of, "If you want to hunt for big game, go where big game has been seen before." Extrapolating that adage to lithium means, "look to Chile,” where the Salar de Atacama in the northern part of the country provides every bit of the country’s lithium production and about 40% of the world’s production annually.
Some of the highest-grade lithium in the world is found in Chilean dry salt lakes. Furthermore, the country is known to host about 7.5 million metric tonnes of lithium, more than double that of the next closest competitor, China at 3.2 million metric tonnes, and over half of the world’s known lithium reserves.
While Atacama is a household name in lithium circles, the nearby Maricunga salar is recognized as the highest-grade undeveloped lithium salar in the Americas and highest-grade pre-production lithium brine project in the world.
The leading player in the space is a joint venture between Bearing Lithium Resources (TSX-Venture:BRZ)(OTCQB:BRGRF), privately-held Minera Salar Blanco and Lithium Power International (ASX:LPI).
Currently, LPI is shouldering all of the financing for the project through a definitive feasibility study expected in 1H 2018 in order to earn a 50% stake (currently at 32.5%), with the remainder to be owned by Minera (32.3%) and Bearing Lithium (17.7%).
Ahead of the feasibility study, investors are looking for a preliminary economic assessment by the end of 2017. The PEA will be based on an estimated production rate of 20,000 tonnes of lithium carbonate per year and cover the gamut of information on the project, including, but not limited to, a process flow diagram, equipment list, concentration and purification process info, production pond plan, capital and operational expense estimate and other cash flow components.
More than $30 million has been invested in the 4,463-acre Maricunga project, mostly through Minera and Li3 Energy, a company acquired by Bearing Lithium in October. Together, the JV has already grown the resource nearly four-fold from a 2012 estimate in what is highly anticipated to be a world-class, low-cost project with a long mine life.
Commercial production is targeted for as early as 2020 and no later than 2022, thanks to a grandfather clause and the fact that Maricunga is close to all the necessary infrastructure (port, roads, electricity, workers, etc.).
The project hosts a National Instrument 43-101 Measured and Indicated resource of 1.7 million tonnes of lithium carbonate equivalent (LCE) at a grade of 1,143 mg/L lithium plus an Inferred resource of 400,000 tonnes of LCE at a grade of 1,289 mg/L.
Moreover, the NI estimate is only calculated to a depth of 200 metres. Recent drilling shows mineralization still open at depth of 360 metres, with seismic surveying and geophysics showing the basin to potentially extend greater than 500 metres in depth.
The JV partners enjoy the benefit of the project being grandfathered in under previous Chilean mining code, which permits for lithium to be immediately extracted from the salar. This fact gives Bearing and partners a competitive edge over others that could languish in regulatory red tape for years before advancing a project in the region, time that cannot afford to be wasted in light of the need for lithium for Li-ion batteries.
Another edge for future lithium sales goes to the JV with Minera entering into discussion last month with the Fulin Group, a large Chinese consolidation company. A memorandum of understanding has been penned between Fulin and Minera to discuss Fulin potentially taking between a 20-50% stake in Minera and providing the necessary funding to cover construction and development costs at the project. While negotiations are in the early stages and consummation of any deal is not assured, the interest reaffirms the value of the Maricunga project.
Lending further credence to the potential of the property, steel-making giant Pohang Iron & Steel invested $18 million in Li3 Energy and still holds a 7% stake in Bearing Lithium. Pohang has developed a revolutionary rapid lithium extraction technology that can cut extract lithium from brine in as little as eight hours, versus over a year by conventional methods.
As it is setting up, Bearing Lithium, who also controls a lithium property in Nevada optioned to First Division Ventures and gold assets in the Yukon optioned to Golden Predator, is putting together a tremendous final quarter to 2017 and setting the stage for what should be a prosperous 2018.
Surprisingly, Wall and Bay Streets haven’t fully caught on to this little gem with big partners in the most promising lithium salar the world has to offer. As sure as the EV evolution is coming, it’s just as likely Bearing Lithium won’t continue to fly under the radar of investors.
http://www.baystreet.ca/articles/stockstowatch/34838/The-Rac…
Dec 6 2017 at 11:31 AM Updated Dec 6 2017 at 3:40 PM
More smoke surrounds Rio Tinto and Chilean lithium A meeting between Rio Tinto and the Chilean government has reignited speculation about a bid for lithium assets.
Könnte auch für Bearings Anteil dort interessant werden:
http://www.afr.com/business/mining/more-smoke-surrounds-rio-…
More smoke surrounds Rio Tinto and Chilean lithium A meeting between Rio Tinto and the Chilean government has reignited speculation about a bid for lithium assets.
Könnte auch für Bearings Anteil dort interessant werden:
http://www.afr.com/business/mining/more-smoke-surrounds-rio-…
VANCOUVER, BC / ACCESSWIRE / December 4, 2017 /
A Comparison of Lithium Brine Projects:
Bearing Lithium's Maricunga is the highest grade undeveloped lithium project in the world (1,160 mg/L). The project's development stage only trails Orocobre Ltd.'s Salar de Olaroz in Jujuy, Argentina, and Lithium Americas' Cauchari. In particular, the Salar de Olaroz, which has already begun production, hosts an NI 43-101 measured and indicated resource of 6.4 million tonnes of lithium carbonate equivalent, but with a much lower grade at 690 mg/L.
However, compared with the more advanced operations, Bearing Lithium's Maricunga has a higher grade and a free-carried interest.
The Future of Lithium Market Lies In Chile:
The government has full support for lithium mining. $975 million has been injected in funding to Codelco;
Lithium brine mining in Chile is more economical and efficient than in other jurisdictions;
Chile’s massive reserves with unrivaled lithium concentrations will play a key role in the booming EV and lithium markets;
Lithium supply is unable to keep up with demand in the near future, hence lithium prices will keep rising;
Chinese and Korean investors are also showing confidence in this market, with talks of building a $2 billion giga-factory to rival Tesla.
Mehr - bzw. der ganze Artikel - unter: https://finance.yahoo.com/news/chile-worlds-biggest-lithium-…
A Comparison of Lithium Brine Projects:
Bearing Lithium's Maricunga is the highest grade undeveloped lithium project in the world (1,160 mg/L). The project's development stage only trails Orocobre Ltd.'s Salar de Olaroz in Jujuy, Argentina, and Lithium Americas' Cauchari. In particular, the Salar de Olaroz, which has already begun production, hosts an NI 43-101 measured and indicated resource of 6.4 million tonnes of lithium carbonate equivalent, but with a much lower grade at 690 mg/L.
However, compared with the more advanced operations, Bearing Lithium's Maricunga has a higher grade and a free-carried interest.
The Future of Lithium Market Lies In Chile:
The government has full support for lithium mining. $975 million has been injected in funding to Codelco;
Lithium brine mining in Chile is more economical and efficient than in other jurisdictions;
Chile’s massive reserves with unrivaled lithium concentrations will play a key role in the booming EV and lithium markets;
Lithium supply is unable to keep up with demand in the near future, hence lithium prices will keep rising;
Chinese and Korean investors are also showing confidence in this market, with talks of building a $2 billion giga-factory to rival Tesla.
Mehr - bzw. der ganze Artikel - unter: https://finance.yahoo.com/news/chile-worlds-biggest-lithium-…
Wohin geht Aktienkurs?
Bearing Lithium 05.12.2017 Hauptversammlunghttp://www.finanzen.net/aktien/Bearing_Lithium-Aktie
20.000 Tonnen lithium carbonate pro Jahr wäre schon ein Hammer
Bearing to base Maricunga PEA on 20,000t Li2CO3/year
2017-11-30 08:18 ET - News Release
Mr. Jeremy Poirier reports
BEARING ANNOUNCES PEA TO BE BASED ON 20,000 TONNES OF LITHIUM CARBONATE PER YEAR
Bearing Lithium Corp. has provided an update on the Maricunga lithium brine project in Chile. Bearing will hold a final 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power is earning into the project by funding exploration and development costs with both Bearing and MSB having a free carry until the completion of a definitive feasibility study.
As previously disclosed, WorleyParsons, a global engineering firm, has been appointed by the Joint-Venture to lead the project design which culminates in a definitive feasibility study. Prior to the delivery of the definitive feasibility study in 2018, a preliminary economic assessment ("PEA") is anticipated to be released before year-end 2017. The PEA will be based on an estimated production rate of 20,000 tonnes of lithium carbonate per year. The PEA will include process flow diagram of major units, process description to define the concentration and purification, equipment list, general arrangement of production ponds, plant block diagram and conceptual report for electrical generation. The study will also include capital and operational expenditures and after-tax cash flow forecasts and cash flow sensitivity to key inputs.
Jeremy Poirier, Bearing Lithium President and CEO commented: "The PEA on Maricunga is an important milestone that shows the excellent progress of the project and its true potential as a world class lithium project. As the most advanced development project in Chile, Maricunga's PEA represents yet another step to build shareholder value to our flagship asset."
Frits Reidel, CPG, who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Frits Reidel is independent (as such term is used in National Instrument of Ni 43-101) of the Company.
Engagement of Investor Relations Provider
In addition, the Company engaged Portfolio Wealth Global LLC ("PWG"), an affiliate of Future Money Trends LLC, to provide certain financial publishing and digital marketing services during the period from September 30 to December 30, 2017. In exchange for providing these services, PWG has received a fee of US$225,000. To the knowledge of the Company, no principal of PWG owns any securities of the Company. PWG is a California based financial newsletter.
About Bearing Lithium Corp.
Bearing Lithium Corp. is a mineral exploration and development company, primarily focused on lithium. Its primary asset is a free-carried 17.7% interest in the Maricunga lithium brine project in Chile. The Maricunga project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over US$30 million has been invested in the project to date and all expenditures through 2018, including the delivery of a Definitive Feasibility Study in mid-2018, are fully-funded by their earn-in joint-venture partner. Bearing also holds a portfolio of grass-roots exploration projects in the gold district of the Yukon, which are currently optioned to Golden Predator, and a lithium project in Nevada, which is currently optioned to First Division Ventures Inc.
We seek Safe Harbor.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBRZ-2540…
© 2017 Canjex Publishing Ltd. All rights reserved.
Bearing to base Maricunga PEA on 20,000t Li2CO3/year
2017-11-30 08:18 ET - News Release
Mr. Jeremy Poirier reports
BEARING ANNOUNCES PEA TO BE BASED ON 20,000 TONNES OF LITHIUM CARBONATE PER YEAR
Bearing Lithium Corp. has provided an update on the Maricunga lithium brine project in Chile. Bearing will hold a final 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power is earning into the project by funding exploration and development costs with both Bearing and MSB having a free carry until the completion of a definitive feasibility study.
As previously disclosed, WorleyParsons, a global engineering firm, has been appointed by the Joint-Venture to lead the project design which culminates in a definitive feasibility study. Prior to the delivery of the definitive feasibility study in 2018, a preliminary economic assessment ("PEA") is anticipated to be released before year-end 2017. The PEA will be based on an estimated production rate of 20,000 tonnes of lithium carbonate per year. The PEA will include process flow diagram of major units, process description to define the concentration and purification, equipment list, general arrangement of production ponds, plant block diagram and conceptual report for electrical generation. The study will also include capital and operational expenditures and after-tax cash flow forecasts and cash flow sensitivity to key inputs.
Jeremy Poirier, Bearing Lithium President and CEO commented: "The PEA on Maricunga is an important milestone that shows the excellent progress of the project and its true potential as a world class lithium project. As the most advanced development project in Chile, Maricunga's PEA represents yet another step to build shareholder value to our flagship asset."
Frits Reidel, CPG, who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Frits Reidel is independent (as such term is used in National Instrument of Ni 43-101) of the Company.
Engagement of Investor Relations Provider
In addition, the Company engaged Portfolio Wealth Global LLC ("PWG"), an affiliate of Future Money Trends LLC, to provide certain financial publishing and digital marketing services during the period from September 30 to December 30, 2017. In exchange for providing these services, PWG has received a fee of US$225,000. To the knowledge of the Company, no principal of PWG owns any securities of the Company. PWG is a California based financial newsletter.
About Bearing Lithium Corp.
Bearing Lithium Corp. is a mineral exploration and development company, primarily focused on lithium. Its primary asset is a free-carried 17.7% interest in the Maricunga lithium brine project in Chile. The Maricunga project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over US$30 million has been invested in the project to date and all expenditures through 2018, including the delivery of a Definitive Feasibility Study in mid-2018, are fully-funded by their earn-in joint-venture partner. Bearing also holds a portfolio of grass-roots exploration projects in the gold district of the Yukon, which are currently optioned to Golden Predator, and a lithium project in Nevada, which is currently optioned to First Division Ventures Inc.
We seek Safe Harbor.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBRZ-2540…
© 2017 Canjex Publishing Ltd. All rights reserved.
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