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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:


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.

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

FORMER CONFORMED NAME: NanoDynamics Holdings, Inc.


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
                                                                                                                                                                 INVESTOR RELATIONS
Marc Lubow
The InVentures Group
Tel: (904) 645-9549

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


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.

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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
#2044   Jeremy, have you gone_deaf_&_dumb? Or_are_you_too_good_to_talk_to_us? Dr_Vonschellan 10/20/17 03:01:19 PM
#2043   Ahhhh_so, Chinese showing increased interest in raw_lithium_miners/explorers Dr_Vonschellan 10/19/17 03:12:44 PM
#2042   Glencore CEO Mike Ciricillo_in_Chile_on_Tuesday_playing_footsies_with_Codelco Dr_Vonschellan 10/19/17 10:46:49 AM
#2041   Rational_gringos_struggle_to_understand_why_Chile classifies_Lithium strategic metal Dr_Vonschellan 10/17/17 05:02:01 PM
#2040   Let's paint a 300m_diameter_bulls-eye target_on our project Dr_Vonschellan 10/17/17 10:30:19 AM
#2039   What does it mean, Bearing_pays_16M_Shares_for_LIEG... it's_simple_to_explain Dr_Vonschellan 10/15/17 02:41:21 PM
#2038   Chinese Heavenly_Palace_space_orbiter_crashes_into_earth_circa_election-time Dr_Vonschellan 10/15/17 01:00:03 PM
#2037   That is, If the Merger even takes place Dr_Vonschellan 10/14/17 06:07:13 PM
#2036   What does it mean, Bearing pays 16M Shares woolfgi 10/14/17 02:31:53 PM
#2035   Sorry, transfer funact 10/13/17 06:54:20 PM
#2034   The question is- Will Bearing go up when funact 10/13/17 06:53:49 PM
#2033   BRGRF (which matters to us) does_not_rock_all_that_much Dr_Vonschellan 10/10/17 01:01:33 PM
#2032   Bearing rocks. woolfgi 10/10/17 12:05:45 PM
#2031   Puerto_Rico: Alphabet’s Project_Loon_gets_OK. Elon_Musk_is_probably_next. Dr_Vonschellan 10/07/17 05:28:02 PM
#2030   Vote to limit the Ozzies to 32.5%_maximum Dr_Vonschellan 10/06/17 03:59:35 PM
#2024   Gee whiz 185,000 yeah that will hurt aye, Mick z 10/06/17 01:06:38 PM
#2022   Puerto_Rico_Governor to_Elon_Musk with the message: "Let's talk". Dr_Vonschellan 10/06/17 12:19:54 PM
#2021   GEE WHIZ.LOL Mick z 10/06/17 12:04:58 PM
#2018   Elon Musk: Solar energy is_the_key_to_fixing_Puerto_Rico_power_grid Dr_Vonschellan 10/06/17 02:13:00 AM
#2015   GM plans 20 All-Electric Models by year_2023 Dr_Vonschellan 10/02/17 03:47:46 PM
#2014   Sebastian, we're counting on you buddy. Dr_Vonschellan 10/02/17 02:43:28 PM
#2013   Awww bummer, LP1_down_10%_last_week_and_10%_more_this_week. Dr_Vonschellan 09/29/17 02:51:04 PM
#2012   For the Eyes of No Voters_Only._You_are_now_a_Registered_Dissenter. Dr_Vonschellan 09/29/17 02:44:00 PM
#2011   Doc you have a new name. It must Info3 09/28/17 10:42:12 PM
#2010   Timber!!! LIEG dives 20%._Congrats_Wincar3._Hope_you're_happy_now. Dr_Vonschellan 09/28/17 04:28:32 PM
#2009   Merge-In Filing showed up at the NVSOS DaReal 09/28/17 03:32:47 PM
#2008   99% in favor! LOL @ Doc! win3car 09/28/17 02:22:56 PM
#2007   VANCOUVER, British Columbia, Sept. 28, 2017 (GLOBE NEWSWIRE) win3car 09/28/17 02:21:26 PM
#2006   Chilean President Michelle_Bachelet_and_airhead_Mining_Minister_Aurora_Williams Dr_Vonschellan 09/28/17 12:11:17 PM
#2005   Bye LIEG. funact 09/27/17 07:53:40 PM
#1997   6 days left to Vote NO on Reverse-Split/Mugging. Dr_Vonschellan 09/22/17 04:03:33 PM
#1996   Better learn the_difference...of_what_is_legally_binding_and_what's_paid_PR_pap Dr_Vonschellan 09/22/17 02:48:45 PM
#1994   With 60+% already... handshake_agreed... not_sign-on-the-dotted-line_agreed. Dr_Vonschellan 09/22/17 02:17:29 PM
#1993   With 60+% already locked-up, looks like a wasted win3car 09/22/17 01:53:32 PM
#1992   Ahhhh, I love the smell_of_napalm_in_the_morning. Dr_Vonschellan 09/22/17 12:01:29 PM
#1989   Ace, but what if Codelco is proven_to_be_corrupt_by_the_Chilean_Comptroller? Very_Clever 09/22/17 10:34:04 AM
#1988   I've been invested in this company I've been Ace Trader 09/22/17 08:34:05 AM
#1987   LPI down 3%_yesterday_and_7%_more_today!! Are_Aussies_jumping_ship_over_to_Li3? Very_Clever 09/21/17 12:41:34 PM
#1986   Dear Dr., please stop coming up with ridiculous Ron567 09/21/17 01:50:12 AM
#1984   Nice try, that_will_not_happen!! Darn, Hillary_was_counting on_BRGRF_for_a_movie. Dr_Vonschellan 09/20/17 03:40:27 PM
#1983   Nice try, that will not happen !! There Info3 09/20/17 02:58:48 PM
#1982   Let's make our first movie at BRGRF Dr_Vonschellan 09/20/17 02:48:04 PM
#1981   Is Luis & Pat_exchanging_for_BRZ_or_BRGRF_shares?_We_need_to_know. Dr_Vonschellan 09/20/17 01:15:13 PM
#1980   Is Uncle Posco_exchanging_for_BRZ_or_BRGRF_shares?_We_need_to_know. Dr_Vonschellan 09/20/17 01:07:21 PM
#1979   Ahhhhh, I see now why BRZ_glommed_onto_10.3%_of_the_NewCoJV Dr_Vonschellan 09/20/17 01:03:12 PM
#1977   Yes, it's time for new management... says Senor Info3. Dr_Vonschellan 09/20/17 11:55:32 AM
#1972   Yes, it's time for new management. Info3 09/20/17 06:33:59 AM
#1971   How stupid is Li3 management. Mick z 09/20/17 04:59:33 AM
#1970   I know what you mean. And wish I Info3 09/19/17 07:34:28 PM
#1969   Hey Mick_Z,_are_you_lying_welching_deadbeat_Ozzies_going_to_default_on_us? Dr_Vonschellan 09/19/17 06:23:47 PM