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LI3 Energy, Inc (LIEG)

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  • Li3 Energy, Inc. is a lithium exploration company focused on the acquisition and development of highly prospective lithium brine properties in the Americas.

 The Company's  technical team has direct experience successfully exploring and producing lithium resources.

 The management team and Board of Directors have extensive  corporate development and finance expertise.

Company Web Site: http://www.li3energy.com


 

 
On October 19, 2009, the Company amended its articles of incorporation with the Secretary of the State of Nevada, pursuant to which the Company changed its name from NanoDynamics Holdings, Inc. to Li3 Energy, Inc.,
to reflect its plans to focus on its business strategy on the energy sector and related lithium mining opportunities in North and South America.
 
Split-off of Legacy Business
 
In connection with the discontinuation of the Company's previous business and the redirecting of its business strategy to focus on the energy sector and related lithium mining opportunities in North and South America, the Company split off and sold all of the assets and liabilities of the Legacy Business (the "Split-Off") to Jon Suk, the Company's founding stockholder. The Split Off closed on October 19, 2009.
 
Since October 2009, the company has taken the following additional steps in the development of the new business plan:

Completed the split-off of our discontinued legacy business to our founding (and former) stockholder.
 
Initiated activities to establish and organize our operating presence in South America and, to that end, opened and began staffing our executive office in Lima, Peru;

 Signed a binding offer to acquire Next Lithium Corp. ("Next Lithium") on November 24, 2009.  Next Lithium owns options to acquire 100% interests in the BSV Placer, CSV Placer, LM Placer and MW Placer Mineral Claims, comprising approximately 75,000 acres in total oflithi um brine mineral properties located in Big Smokey Valley near Tonopah, Nevada
 
Signed a binding offer to acquire Puna Lithium Corporation ("Puna") on November 25, 2009.  Puna owns an option to acquire up to an aggregate eighty percent (80%) interest in 123,000 acres of prime Chilean salar ground located across 9 Chilean salars, including the producing Salar de Atacama. Puna also owns an option to acquire up to eighty five percent (85%) of 90,000 acres of salar property in Argentina, in the Centenario, Rincon, Pocitos and Cauchari salars
 
  Have begun identifying and investigating additional lithium mining investment opportunities in North and South America.

Li3 Energy, Inc. (Li3 Energy), formerly NanoDynamics Holdings, Inc., is an exploration stage-company. The Company focuses on the discovery and development of lithium and potassium brine, and nitrate and iodine deposits in Chile, Argentina and Peru. During the fiscal year ended June 30, 2010 (fiscal 2010), Li3 Energy acquired, or signed definitive agreements to acquire, properties in Nevada, Argentina, Peru and Chile. On August 3, 2010, it acquired Alfredo. In February 2010, it acquired 100% of the assets of the Loriscota, Suches and Vizcachas Projects located respectively in the regions of Puno, Tacna and Moquegua, Peru. In July 2010, it acquired Noto Energy S.A., which owns a 100% interest over 2,995 acres situated on brine salars in Argentina, named Cauchari. In May 2011, it acquired a 60% interest in a group of six private companies that collectively owned the Maricunga Project in northern Chile. Maricunga project comprises 1,438 hectares in a mining region.

Strategic Plan
 
Our strategic plan is to explore and develop our existing projects and to identify opportunities and generate new projects with near-term production potential, with the goal of becoming a company with valuable lithium or industrial minerals properties.  Our primary objective is to become a low cost lithium producer as well as a significant producer of potassium nitrate. The key to achieving this objective is to become an integrated chemical company through the strategic acquisition and development of lithium assets as well as other assets that have by-product synergies.
 
We recorded an impairment charge to Alfredo of $4,070,000 during the year ended June 30, 2011, due to termination of the option on the Alfredo Property as a result of our not having made required option payments.
 
We have acquired the Maricunga project, an advanced lithium and potassium chloride project in Chile, and we continue to explore other lithium and industrial minerals prospects in the region, located to complement the Alfredo project, which we intend to secure, in order to achieve integration of operations to produce metallurgical grade lithium, commercial grade fertilizer and pharmaceutical grade iodine.
 
Our strategy currently principally involves the exploration of the Maricunga property and the acquisition and exploration of an iodine/nitrate property.  On the Maricunga project, we expect to spend approximately $18.2 million of exploration and development expenses in order to complete a feasibility study    on Maricunga.  (A "feasibility study" means a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision whether to advance the development of the deposit for mineral production).  The Company is dividing this into two phases: (i) Spending $8 million to reach a Measured and Indicated 43-101compliant resource, which is expected in the first calendar quarter of 2012; and, if phase one is successful, (ii) spending $10 million to complete a feasibility study on the Maricunga project.  If we acquire the Alfredo Property, we would expect to spend approximately $6.3 million of acquisition costs (not including an additional up to $5.5 million payable to Alfredo Sellers upon certain post-feasibility milestones), and we would expect to incur approximately $2.7 million of exploration expenses in order to bring the Alfredo Property to the feasibility stage.  In the event we are unable to acquire the Alfredo Property, we will focus our efforts on the exploration of the Maricunga property, and we are actively exploring opportunities to acquire other iodine/sodium nitrate prospects in addition to or in lieu of the Alfredo property, although there can be no assurance that suitable prospects will be available on terms acceptable to us or that any such acquisition will be successfully completed.
 
 
5

 
 
As a result of the funds invested by investors in our April and May 2011 private placement and the funds invested by POSCAN on September 14, 2011, we estimate that we have sufficient funds to carry out our current strategic plan of exploration and development and meet our ongoing operational working capital needs through March 2012 (assuming we do not expend cash for other acquisitions).  In order to finance the up to approximately $15 million of expected acquisition and exploration costs outlined above over the next twelve months, as well as to fund the approximately $2.5 million of working capital we expect to require over the next twelve months, we will need to raise a substantial amount of funds through one or more offerings of our debt, equity or convertible securities, which may include the $10 million of equity financing conditionally committed by POSCAN.  There can be no assurance that such financing will be available, or will be available on acceptable terms, for us to meet these requirements.
 
In order to acquire the Alfredo Property, we must successfully complete negotiation and documentation of a new option or other acquisition agreement.  There can be no assurance that we will be successful in obtaining a new option on, or otherwise acquiring, Alfredo or in financing the cost of acquiring the Alfredo Property or the costs of exploring and developing Alfredo and Maricunga.  
 
We believe that successful execution of this first phase of our strategic acquisition program will establish Li3 Energy as a major holder of prime lithium, iodine and nitrate acreage among junior lithium explorers.
 

About Li3 Energy, Inc.

Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project, Li3's goals are to; a) support the global implementation of clean and green energy initiatives; b) meet growing lithium market demand; and c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Additional information regarding the Company can be found in our recent filings with the Securities and Exchange Commission ("SEC") as well as the information maintained on our websitewww.li3energy.com.

FORMER COMPANY:
FORMER CONFORMED NAME: NanoDynamics Holdings, Inc.
DATE OF NAME CHANGE: 7-29-2008

FORMER COMPANY:
FORMER CONFORMED NAME: Mystica Candle Corp.
DATE OF NAME CHANGE: 7-29-2005

Li3 Energy has signed a letter of intent to purchase options to acquire up to an aggregate 80% interest in eleven lithium brine properties covering 123,000 acres in Chile

and options to acquire an 85% interest in four lithium brine properties covering 90,000 acres in Argentina.

The company has also signed a letter of intent to purchase options to acquire a 100% interest in 75,000 acres in Nevada's Big Smoky Valley.

"Upon closing of our planned acquisitions, Li3 Energy will have secured options on approximately 288,000 acres of prime brine properties in the three largest politically stable brine producing areas of the world.".....Luis Saenz, CEO 

as of June 30 2011 Shares outstanding 
279.79 million 

10Q shows now 
As of February 13, 2012 were 322,209,220 shares of the registrant's common stock outstanding. 

Note--Dilution has slowed down....that's good 
========================= 

The Company currently has no sources of recurring revenue and has generated net losses of $31,691,740 and negative cash flows from operations of $12,076,811 during the period from June 24, 2005 (inception) through December 31, 2011. 

note--normal for this type company 
====================== 
this one is done... 

During the six months ended December 31, 2011 and 2010, we incurred impairment expenses of $0 and $4,070,000, respectively. The impairment expense recorded during the six months ended December 31, 2010 was incurred as a result of the Company not making the option payments required to retain the rights to acquire the Alfredo property, which terminated the option agreement. 
============================ 

PASCAN still likes us 

POSCAN has committed to purchase an additional 47,619,000 Units at the same $0.21 price per Unit (for an aggregate additional purchase price of approximately $10 million) upon satisfaction of certain conditions, including: (i) completion of an updated Measured and Indicated Resource Report prepared in compliance with Canadian National Instrument ("NI") 43-101 standards that concludes that our Maricunga property meets certain technical requirements and that proceeding to the feasibility study phase for the Maricunga project 
============================== 

here is a better link for reading it 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8411799
                                                                                                                                                                 INVESTOR RELATIONS
 
Marc Lubow
The InVentures Group
info@li3energy.com
Tel: (904) 645-9549



Li3 Energy Closes Acquisition of Next Lithium Assets at Big Smoky Valley, Nevada 

LIMA, PERU, Mar 12, 2010 (MARKETWIRE via COMTEX)

With the closing of the agreement, the Company has acquired a 100% interest in 170,000 acres of a strategically located property prospective for lithium brine, located in Big Smoky Valley near Tonopah, Nevada.

http://www.tradingmarkets.com/news/stock-alert/lieg_534357z_li3-energy-closes-acquisition-of-next-lithium-assets-at-big-smoky-valley-nevada-841420.html

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LIEG News: Termination of Registration of a Class of Security Under Section 12(g) (15-12g) 09/28/2017 03:35:58 PM
LIEG News: Current Report Filing (8-k) 09/28/2017 03:35:32 PM
LIEG News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 09/27/2017 12:21:56 PM
LIEG News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 09/19/2017 06:05:31 AM
LIEG News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 09/15/2017 11:21:27 AM
PostSubject
#2100   We'll be Fulin around_this_weekend. Good_luck_to_Sebastian_Pinera_Sunday. Dr_Vonschellan 11/17/17 03:56:51 PM
#2099   To all those who had auto-execute_sell_stop-loss_orders_ticked_under_$.019pps Dr_Vonschellan 11/17/17 01:49:51 PM
#2098   Tesla Electric semi trucks, huge_lithium_battery_packs. Dr_Vonschellan 11/17/17 12:35:32 PM
#2097   So Doc forgive me for asking a stupid question... Dr_Vonschellan 11/17/17 11:40:21 AM
#2096   So Doc forgive me for asking a stupid caj025 11/17/17 10:17:37 AM
#2095   Bringing up the rear Bearing_confirms_they_are_Fulin_around_too Dr_Vonschellan 11/17/17 09:36:22 AM
#2094   LPI easily recovers 14%_to_AU$.65pps... yes,_they_are_indeed_Fulin_around Dr_Vonschellan 11/17/17 09:18:58 AM
#2093   Surprise! Surprise! Fulin Group_next_makes_contact_with_LPI_Nov_17 Dr_Vonschellan 11/16/17 10:03:36 PM
#2092   Tesla entering trucking business with new electric semi Dr_Vonschellan 11/16/17 04:23:31 PM
#2091   Of course Rio Tinto is_playing_peeky_boo_looky_looky Dr_Vonschellan 11/16/17 12:57:02 PM
#2090   LPI drops 14% to_AU$.57_today_from_AU$.65_on_November_14 Dr_Vonschellan 11/16/17 11:54:13 AM
#2089   LIEG Shareholders! Order your new Ferrari rápido Dr_Vonschellan 11/16/17 10:01:35 AM
#2088   Don't cry for me, Argentina Dr_Vonschellan 11/16/17 08:51:00 AM
#2087   Dear President Pinera, the Centrist Lefties have_already_pushed_SQM Dr_Vonschellan 11/15/17 10:23:08 AM
#2086   Our future rides on Martin Borda's_shoulders... and_that's_our_fate_from_now_on. Dr_Vonschellan 11/14/17 12:42:05 PM
#2085   Chilean miners bank on_election_favorite_to_ditch_reforms Dr_Vonschellan 11/14/17 09:45:59 AM
#2084   6 more days... and it's_a_new_ballgame Dr_Vonschellan 11/13/17 03:48:20 PM
#2083   Bloomberg_today: Chile Businesses Await_Return_of_Billionaire_With_Midas_Touch Dr_Vonschellan 11/13/17 07:21:01 AM
#2082   LPI's moneyman Sprott Capital reports_we_are_a_$1Billion_project Dr_Vonschellan 11/12/17 08:31:00 PM
#2081   9 days from today we_will_begin_ascent_to_$.09pps_within_the_week Dr_Vonschellan 11/10/17 03:52:45 PM
#2080   China's out-of-control space_station_Tiangong-1_is_going_to_miss_us Dr_Vonschellan 11/10/17 10:05:27 AM
#2079   If Rio Tinto buys into SQM then_we_will_living_next_door_to_Royalty Dr_Vonschellan 11/08/17 12:47:57 PM
#2078   I'm thinking India will be next_to_prohibit_fossil_fuel_cars Dr_Vonschellan 11/07/17 11:22:59 AM
#2077   Remember Wealth Minerals? They_might_leave_Chile_for_Argentina. Dr_Vonschellan 11/06/17 02:49:43 PM
#2075   BRGRF arbitrage players, are you blind? Dr_Vonschellan 11/03/17 03:20:38 PM
#2074   Reuters is saying Codelco is set_to_pull-the-trigger_in_March_2018 Dr_Vonschellan 11/03/17 01:41:04 PM
#2073   Mick_Z, you're not my pal. I_don't_chum_with_welching_deadbeat_Aussies Dr_Vonschellan 11/03/17 10:26:56 AM
#2072   Don't be so hard on your self Dr. Mick z 11/03/17 07:34:57 AM
#2071   Mick_Z, we're not worthy_of_your_wondrous_Aussie_benevolence... dump_us. Dr_Vonschellan 11/03/17 03:02:52 AM
#2070   You shouldn't be worried about LPI mate Mick z 11/02/17 11:45:59 PM
#2069   BRGRF pops 14%_to_$.71. LPI_pops_27%_in_same_week_up_to_dizzying_AU$.52 Dr_Vonschellan 11/02/17 12:47:57 PM
#2068   Codelco's 10 little wannabe lithium miners in Maricunga Dr_Vonschellan 11/02/17 11:15:16 AM
#2067   New (errrr sorta' kinda' new) slideshow from LPI Dr_Vonschellan 11/02/17 01:43:42 AM
#2066   Corfo and Codelco could be going under the_microscope_soon... Dr_Vonschellan 11/01/17 12:56:00 PM
#2065   Airhead mining-challenged minister_Aurora_Williams_pontificates_on_Codelco Dr_Vonschellan 11/01/17 12:32:28 PM
#2064   Uncle Posco is indeed down in the_muddy_trenches_next_to_us_peasant_mushroom Dr_Vonschellan 11/01/17 12:00:08 PM
#2063   Chilean Centrist Lefties now want a state-run_Lithium_company Dr_Vonschellan 10/31/17 01:47:58 PM
#2062   Lithium EVs can't come fast_enough_for_#1_rank_of_2100_for_air_pollution_China Dr_Vonschellan 10/31/17 12:40:38 PM
#2061   China's Heavenly Palace_orbiter_crashing_into_earth... commme_to_daddy_in_Chile Dr_Vonschellan 10/31/17 12:16:15 PM
#2060   To all the Bearing arbitrage_players_trying_to_short_us_down_to_$.018pps Dr_Vonschellan 10/31/17 10:54:19 AM
#2059   Codelco still yammering about_their_10_bidders,_but_nothing_will_happen Dr_Vonschellan 10/31/17 10:14:38 AM
#2058   Remember as a kid we wrote dopey_"what_I_did_last_summer"_essays_for_school? Dr_Vonschellan 10/31/17 02:17:58 AM
#2057   We'll be at $.09pps_within_1_week_after_Pinera_wins. Mark_my_word. Dr_Vonschellan 10/30/17 11:03:21 PM
#2056   We have good news_today. Remember_LPI?_Well they're_still_alive. Dr_Vonschellan 10/27/17 09:54:27 AM
#2055   Tesla Turns Power_Back_On_At_Children's_Hospital_In_Puerto_Rico Dr_Vonschellan 10/25/17 03:13:14 PM
#2054   Pray Sebastian Pinera_wins... or_we_can_all_hang_up_our_batteries. Dr_Vonschellan 10/25/17 01:53:32 PM
#2053   China's Heavenly Palace,_crash_into_us... please,_pretty_puuuulease. Dr_Vonschellan 10/25/17 12:29:31 PM
#2052   Rejoice amigos! LPI_is_not_dead. They_still_speak_to_us_from_the_funeral_parlor Dr_Vonschellan 10/25/17 10:28:37 AM
#2051   Strange, Mineria Chilena is_reporting_SinoChem_is_looking to_buy_into_SQM. Dr_Vonschellan 10/24/17 11:37:19 AM
#2050   There were over 20+ brokers and investors brought Mick z 10/24/17 10:38:13 AM
PostSubject