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LI3 Energy Inc. (fka LIEG)

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Last Post: 8/23/2019 10:15:15 AM - Followers: 40 - Board type: Free - Posts Today: 0

  • 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.

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 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.


#2131   Bearing_Lithium reminds former Li3/LIEG_holders of swap deadline Dr_Vonschellan 08/23/19 10:15:14 AM
#2130   Interesting reads... are now over on iHub_BRGRF Very_Clever 12/04/17 12:17:47 PM
#2129   Interesting read. Mick z 12/04/17 08:25:15 AM
#2128   Again you write words, and Info3 11/22/17 02:07:45 PM
#2127   Info3, you poor senile old fool forever_stuck_in_your_rut Dr_Vonschellan 11/22/17 01:57:27 PM
#2126   I see a lots of words and Info3 11/22/17 03:36:37 AM
#2125   So tomorrow our stock is converting to Bearing ...? caj025 11/20/17 05:34:36 PM
#2124   ===================================== Dr_Vonschellan 11/20/17 05:22:30 PM
#2123   LIEG: Acquired. For each share of Li3 common Renee 11/20/17 04:33:08 PM
#2122   Is RT fixing to knock Fulin outofthe saddle? Dr_Vonschellan 11/20/17 03:15:17 PM
#2121   Actually I hopethe_RioTinto_deal_to_buy_into_SQM_tanks. All_the_more_power_to_us Dr_Vonschellan 11/20/17 02:04:20 PM
#2120   China is winning the Lithium Arms_Race..._duh,_no_Fulin_Sherlock Dr_Vonschellan 11/20/17 12:10:37 PM
#2119   Pinera=Pro-mining. Guillier=Tax_miners_even_more_right_down_into_the_dirt. Dr_Vonschellan 11/20/17 11:44:18 AM
#2118   Looking at your figures_looks_like_BRZ_have_bitten_off_more_than_they_can_chew? Dr_Vonschellan 11/20/17 10:57:03 AM
#2117   Looking at your figures it looks like BRZ Mick z 11/20/17 10:43:04 AM
#2116   Mick_Z, I completely_understand_your_position. Clear_as_a_bell. Dr_Vonschellan 11/20/17 10:23:03 AM
#2115   Yes quite,not happy with the Cap Raise and Mick z 11/20/17 07:50:14 AM
#2114   Mick_Z, you are strangely_quiet_today_on_HotCopper Dr_Vonschellan 11/20/17 02:27:41 AM
#2113   Congratulations to_Sebastian_Pinera!_The_best_man_for_President! Dr_Vonschellan 11/19/17 09:12:46 PM
#2112   Caj025, if there is a HALT_on_LIEG_trading_Monday_also,_then_we_know Dr_Vonschellan 11/19/17 08:58:14 PM
#2111   This is awesome , ohhhhhhh the suspense ! caj025 11/19/17 08:41:38 PM
#2110   Mick_Z, then you will be rich now. Dr_Vonschellan 11/19/17 08:31:33 PM
#2109   I hold a large amount of LPI so Mick z 11/19/17 08:11:26 PM
#2108   That's good news Mick z 11/19/17 08:09:07 PM
#2107   Pinera WINS first_round_of_Chile_election,_faces_runoff._Bravo! Dr_Vonschellan 11/19/17 07:46:45 PM
#2106   Mick_Z, I_increased my LIEG 40% last week. Did_you_do_the_same_in_LPI? Dr_Vonschellan 11/19/17 07:19:40 PM
#2105   LPI Trading HALTED. Ah-ha! I_believe_there_has_been_some_Fulin_around... Dr_Vonschellan 11/19/17 06:20:47 PM
#2104   Mick_Z, I have looked_at_your_"Numbers"_and well... Ha-ha-ha-hilarious Dr_Vonschellan 11/19/17 12:00:39 AM
#2103   Where are you getting these numbers from? Mick z 11/18/17 09:37:20 PM
#2102   Ooops, slight transposition error. The_new_4-way_JV_would_look_like_this Dr_Vonschellan 11/18/17 06:20:17 PM
#2101   I been Fulin around with_the_numbers.__Soooo_let’s_play_What-if_again Dr_Vonschellan 11/18/17 01:58:41 PM
#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