Lithium Market Booming Again Fueled by Advanced Battery Technology - Seite 2

Mr. Jose de Castro, Chief Operating Officer is quoted: "I am very pleased the second well at Salar Escondido is progressing, and am excited to determine lithium values at this very large basin".

During 2017, NRG's drilling at the comprised of 29,180 hectares (72,100 acres) project, confirmed the presence of a buried brine zone beneath the alluvial cover on the surface of the basin. Brine was intersected at a depth of 140 m, and as reported in the Company's press release dated December 7, 2017, sampling from 183 to 198 meters returned an average grade of 229 mg Li/liter in a porous, weakly consolidated sandstone horizon. A Vertical Electrical Sounding ("VES") geophysical survey conducted by the Company suggests that the brine zone occurs at an even shallower depth where the upcoming hole will be drilled.

The Salar Escondido project is located approximately 280 kilometers northwest of Catamarca, Argentina. Further details are available at the company website at http://www.nrgmetalsinc.com , and a National Instrument 43-101 Technical Report was filed on SEDAR in December 2016.See a table of values and read more news for NRG Metals at http://www.marketnewsupdates.com/news/nrg.html

In other mining industry news and developments:

Lithium Americas Corp. (NYSE: LAC) (TSX: LAC.TO) recently announced an updated mineral resource estimate on the Thacker Pass deposit (previously Zone 1) of the Lithium Nevada Project located in the McDermitt Caldera, Nevada, USA. The Resource Estimate was prepared pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects. At a cut-off of 2,000 parts per million lithium, the updated Resource Estimate consists of a Measured and Indicated Resource of 385 million tonnes grading 2,917 ppm Li for 6.0 million tonnes of lithium carbonate equivalent ("LCE") and an Inferred Resource of 147 million tonnes grading 2,932 ppm Li for 2.3 million tonnes of LCE. The updated Resource Estimate will be incorporated into a Preliminary Feasibility Study on the Lithium Nevada Project with results on track to be released by the end of Q2 2018.

Nemaska Lithium Inc. (TSX: NMX.TO) (OTCQX: NMKEF) recently announced an update to its project financing plans and confirmed that it has entered into a USD 150M streaming agreement with Orion Mine Finance II LP. In a press release dated March 28, 2018, Nemaska Lithium outlined the components of its overall USD 775 - 825M financing structure to fund the construction, commissioning, working capital and reserve funds for its Whabouchi lithium mine and Shawinigan electrochemical plant and also for general corporate working capital. "We have made solid progress in our project financing endeavours over the past couple of weeks, firstly with a private placement with SoftBank, a global technology leader, and now with the signing of this agreement with Orion, a leading and well-regarded financier in the mining industry," said Guy Bourassa, President & C.E.O. of Nemaska Lithium. "This Streaming Agreement is a financing tool which limits shareholder dilution, lowers Nemaska Lithium's cost of capital, and is under terms which are both competitive and flexible," Bourassa continued.