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LI3 Energy, Inc (LIEG)

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Last Post: 8/20/2017 3:01:13 PM - Followers: 47 - Board type: Free - Posts Today: 1

  • 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: Amended Annual Report (10-k/a) 08/10/2017 06:07:43 AM
LIEG News: Current Report Filing (8-k) 07/24/2017 05:11:23 PM
LIEG News: Statement of Changes in Beneficial Ownership (4) 06/29/2017 04:42:57 PM
LIEG News: Statement of Changes in Beneficial Ownership (4) 06/21/2017 10:19:24 AM
LIEG News: Statement of Changes in Beneficial Ownership (4) 06/21/2017 10:17:35 AM
PostSubject
#1785   Fear mongers crying about upcoming default. Dr_Vonschellan 08/20/17 03:01:13 PM
#1784   AGREED info 3! Its time for a new lithiumnewby 08/19/17 11:43:29 AM
#1783   What is really sad is I have been Info3 08/19/17 12:05:02 AM
#1782   Rotten smelling bait n switch abra cadabra reverse caj025 08/18/17 02:25:22 PM
#1781   Sorry, so so wrong !! Info3 08/18/17 02:19:18 PM
#1780   So if the Merger doesn't happen, ... Dr_Vonschellan 08/18/17 01:41:34 PM
#1779   So if the Merger doesn't happen, where does Info3 08/17/17 08:04:29 PM
#1778   LIEG owes money... all exploration companies owe money. Dr_Vonschellan 08/17/17 07:13:55 PM
#1777   LIEG owes money. Info3 08/17/17 07:01:40 PM
#1776   LIEG_has_no_money... all_exploration_companies_have_no_money. Dr_Vonschellan 08/17/17 09:37:02 AM
#1775   LIEG has no money Info3 08/17/17 07:00:07 AM
#1774   VOTE_NO_ on_Reverse-Split/So-Called-Merger Dr_Vonschellan 08/17/17 01:03:03 AM
#1773   LIEG does not want to squash the Merger Info3 08/16/17 08:34:09 PM
#1772   Finally! Everyone_can_better_see that MSB has Codelco_by_the_phalls. Dr_Vonschellan 08/16/17 10:03:10 AM
#1771   LPI is no dummy. Dr_Vonschellan 08/15/17 12:11:54 PM
#1770   You are very thorough with finding your information ! Info3 08/09/17 06:07:55 PM
#1769   Is Chile having an epiphany? Dr_Vonschellan 08/09/17 11:00:22 AM
#1768   December 31, 2017 can't_come_fast_enough_for_us at LIEG Dr_Vonschellan 08/08/17 11:47:52 PM
#1767   LPI issues the_August_9, 2017 IRR_(Independent_Research_Report). Dr_Vonschellan 08/08/17 10:08:18 PM
#1766   Codelco rejects SQM as a partner_in_Maricunga Dr_Vonschellan 08/07/17 09:44:00 PM
#1765   Info3, LIEG is going to be around_for_a_long_time... Dr_Vonschellan 08/07/17 09:01:38 PM
#1764   Dear Mr. Negative, Info3 08/07/17 05:41:03 PM
#1763   I'm surprised we haven't seen a down-tick Dr_Vonschellan 08/07/17 11:01:24 AM
#1762   I'm surprised we haven't seen an up tick Info3 08/07/17 07:46:49 AM
#1761   Does any one have any input or thoughts caj025 08/02/17 05:56:41 PM
#1760   Sorry, 322 million in 2012. Info3 07/27/17 05:57:02 AM
#1759   Where is LPI going to receive Info3 07/27/17 05:33:44 AM
#1758   Yes up until DFS then everyone pays up Mick z 07/26/17 12:15:21 PM
#1757   Doesn't LPI have front the all costs? Info3 07/26/17 12:10:31 PM
#1756   My understanding is the JV partners will not Mick z 07/26/17 04:58:45 AM
#1755   Hot_Copper Mick Z, welcome to_our_iHub_board. Dr_Vonschellan 07/26/17 02:26:08 AM
#1754   Win3car, I_know_they're_funded_thru_the DFS... what_DFS/tiny_pilot_plant? Dr_Vonschellan 07/26/17 01:59:01 AM
#1753   The JV partners will get a line of Mick z 07/26/17 01:20:18 AM
#1752   It's time for new management. I have been Info3 07/26/17 01:07:39 AM
#1751   I know they're funded thru the DFS, which win3car 07/25/17 11:56:45 PM
#1750   Win3car, LIEG survived 11 years... by_slip-sliding-away. Dr_Vonschellan 07/25/17 09:34:34 PM
#1749   LIEG survived 11 years just fine without any win3car 07/25/17 08:04:26 PM
#1748   Vote NO!!!! caj025 07/25/17 03:48:26 PM
#1747   Win3car, Have you even asked yourself... Dr_Vonschellan 07/25/17 03:35:01 PM
#1746   President Obama granted 231 pardons/commutations_on_12/19/2016 Dr_Vonschellan 07/25/17 03:01:14 PM
#1745   Have you even asked yourself "Why would major win3car 07/25/17 02:52:03 PM
#1744   Vote NO. Posco could still_come_to_its_senses_yet. Dr_Vonschellan 07/25/17 01:52:27 PM
#1743   Merger Bearing/Li3 takes effectiv woolfgi 07/25/17 11:10:47 AM
#1742   LIEG owed POSCO Info3 07/21/17 03:13:20 PM
#1741   Thanks Doc. Question bothering me... Dr_Vonschellan 07/21/17 10:18:37 AM
#1740   Thanks Doc. Question bothering me is why would funact 07/21/17 09:52:49 AM
#1739   Should we sell and buy LPI?... Dr_Vonschellan 07/20/17 08:13:32 PM
#1738   Should we sell and buy LPI? funact 07/20/17 07:20:37 PM
#1737   LPI_and_MSB sitting in a tree K.I.S.S.I.N.G (new_PowerPoint) Dr_Vonschellan 07/20/17 06:26:52 PM
#1736   02/16/17_I_said_we_were_worth_48M shares_of_BRGRF...not_16M Dr_Vonschellan 07/20/17 01:35:02 PM
PostSubject