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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
[email protected]
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
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LIEG News: Statement of Changes in Beneficial Ownership (4) 03/02/2017 02:51:05 PM
LIEG News: Quarterly Report (10-q) 02/21/2017 01:33:19 PM
LIEG News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 02/14/2017 04:22:54 PM
LIEG News: Current Report Filing (8-k) 02/02/2017 05:30:58 PM
LIEG News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 02/02/2017 05:29:12 PM
PostSubject
#1573   Bearing is now producing_a_newsletter... well golly gee. Dr_Vonschellan 03/22/17 08:55:33 PM
#1572   Remember that cobalt and graphite will_be_important also. Dr_Vonschellan 03/22/17 03:37:34 PM
#1571   Dr. V as always , extremely grateful for caj025 03/22/17 02:49:02 PM
#1570   Sitting, Holding, Waiting, Wishing.... about time to get Dr_Vonschellan 03/22/17 02:24:08 PM
#1569   As for waiting, I'm in the shade & capt AL 03/22/17 12:11:48 PM
#1568   Sitting, Holding, Waiting, Wishing.... about time to get caj025 03/21/17 07:16:16 PM
#1567   Think Big... think Bigger than just electric cars. Dr_Vonschellan 03/19/17 10:50:11 PM
#1566   CFO Scott Tozier_at_Albemarle is_saying they want_a_couple_more_properties. Dr_Vonschellan 03/19/17 12:56:01 PM
#1565   I have own this stock for very Info3 03/17/17 08:42:24 AM
#1564   LPI published the latest_greatest_NewCo instruction_manual/bible this morning. Dr_Vonschellan 03/13/17 03:12:10 PM
#1563   The price is getting beat down bad!! I caj025 03/13/17 11:27:16 AM
#1562   Is Argentina posing a threat to Maricunga and Dr_Vonschellan 03/10/17 08:26:13 PM
#1561   Is Argentina posing a threat to Maracunga and caj025 03/10/17 05:00:08 PM
#1560   Those LPI chatters are so preciously cute Dr_Vonschellan 03/09/17 03:13:29 PM
#1559   For some reason I used the emoji thumbs caj025 03/08/17 09:12:44 PM
#1558   ???????????? caj025 03/08/17 09:11:15 PM
#1557   Here comes our_competition! ILC finds 747,000mt_LCE_in_Argentina Dr_Vonschellan 03/08/17 05:30:51 PM
#1556   That's very interesting, thanks for taking the time caj025 03/07/17 04:31:04 PM
#1555   DR. V why is PPS up today_with low Dr_Vonschellan 03/07/17 03:53:37 PM
#1554   DR. V why is PPS up today with caj025 03/07/17 01:43:10 PM
#1553   Soon Porsche will be scrambling for lithium batteries. Dr_Vonschellan 03/07/17 11:44:46 AM
#1552   Who is building the new_lithium_concentrator Pilot Plant? Dr_Vonschellan 03/07/17 09:45:04 AM
#1551   Do I see CATL dancing in the RoadShow_audience? Dr_Vonschellan 03/05/17 01:33:45 PM
#1550   New_hardrock mining_permit 7-10years away in America... yeow Dr_Vonschellan 03/03/17 01:13:08 PM
#1549   Wow, we're really_getting_hammered_down_since the Road Show began Dr_Vonschellan 03/03/17 12:18:15 PM
#1548   Down_20%_on opening of the LPI_Road_Show in_Toronto Dr_Vonschellan 03/02/17 11:06:31 AM
#1547   I drink your milkshake Dr_Vonschellan 03/01/17 09:38:34 PM
#1546   Huge_Bird_of_Prey_flying_overhead... and_we_see_you_over_in Argentina. Dr_Vonschellan 03/01/17 03:30:22 PM
#1545   The LPI Road_Show Begins Now. Fasten_your_seat_belts_amigos! Dr_Vonschellan 03/01/17 12:08:17 PM
#1544   Great info Dr. V.! caj025 02/24/17 11:10:12 PM
#1543   Gather round kids, it's evaporation time. Dr_Vonschellan 02/24/17 11:53:44 AM
#1542   Thanks Dr V! Dr_Vonschellan 02/23/17 01:58:12 PM
#1541   Thanks Dr V! Ant707 02/23/17 01:53:51 PM
#1540   And there is even more lithium down thar' Dr_Vonschellan 02/23/17 09:34:15 AM
#1538   Ant707, I would buy_LIEG if I were_getting_in_now. Dr_Vonschellan 02/23/17 08:22:33 AM
#1537   If I were to jump in now would Ant707 02/23/17 12:26:01 AM
#1536   Order_the_wedding cake, we're_getting married Q2/2017 Dr_Vonschellan 02/22/17 09:04:23 AM
#1535   Let's play What If just_ for_fun Dr_Vonschellan 02/21/17 01:01:52 PM
#1534   Jeremy, when_are_we_getting_married? Huh?__Huh?__Huh? Dr_Vonschellan 02/21/17 10:17:59 AM
#1533   Henk says WML_is_a_bunch_of_nice_and_fun_guys_to deal with. Dr_Vonschellan 02/19/17 12:09:29 PM
#1532   Big Daddy Posco, we're feeling/appearing_apprehensive judging by today's_slump. Dr_Vonschellan 02/17/17 02:32:23 PM
#1531   Daddy Posco, for my birthday Dr_Vonschellan 02/17/17 11:55:11 AM
#1530   Posco, C'mon_admit it. Say you love us more. Dr_Vonschellan 02/17/17 10:06:12 AM
#1529   Jeremey, I'm thinking 48M_shares would be a better_number Dr_Vonschellan 02/16/17 02:35:47 PM
#1528   Who do you think made the merger happen FIERCE 02/16/17 02:11:16 PM
#1527   POSCO, I_will_show_you_mine. You_show_me_yours. Dr_Vonschellan 02/16/17 01:46:17 PM
#1526   Now I am wondering which_way POSCO would_vote_on_a_merger? Dr_Vonschellan 02/16/17 11:44:26 AM
#1525   BRGRF is (was_for_example) $1.2637USD. LIEG_should_therefore_be_$.0406pps Dr_Vonschellan 02/16/17 10:58:09 AM
#1524   Conversion ratio and food for thought. Dr_Vonschellan 02/16/17 03:43:12 AM
#1523   Anyone have any ideas on conversion ratio for Mierto 02/15/17 10:43:57 PM
PostSubject