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Lomiko to Report 43-101 Flake Graphite Resource at La Loutre, Graphene 3D Lab Signs Deal With Fortune 500 Company
VANCOUVER, British Columbia, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Lomiko Metals Inc.(LMRMF) (“Lomiko”) (OTC:LMRMF) (FSE:DH8B) has made significant strides forward on several fronts in 2015. Working with partner Canada Strategic Metals, it has completed a drilling program and is working toward an 80% interest in the La Loutre property, has completed trademark applications and looks forward to commercial production of Spider Charger USB devices and Power Converters.
2016 Goals
Management is confident the work done on both technology and exploration puts Lomiko in an excellent position to capitalize on developments in the electric vehicle space. Recent reports on Lithium and Graphite by Benchmark Mineral Intelligence indicate a steady rise in both minerals while general commodities are heading toward bear market status. Here are our goals:
Lomiko Metals (LMRMF) will announce a 43-101 resource estimate based on excellent drill results at the La Loutre Graphite Property located near the Imerys Graphite and Carbon Mine in Quebec (http://www.lomiko.com/public/files/news/Canada%20Strategic%20NR%2001-06-2016.pdf)
Lomiko Technologies would like to create a revenue stream from its licensing deals and e-commerce site and launch Lomiko Technologies as a new public company. A detailed review of this development is available here (http://www.lomiko.com/public/files/news/LMR%20NR%20SpiderCharger%20patents&TM%20filed%2011-03-2015.pdf)
Graphene 3D Lab is also making significant progress in developing their business plan for revenue and profitability. In December 2015, Graphene 3D Lab announced it had signed a R&D and royalty agreement with a Fortune 500 company (http://www.graphene3dlab.com/s/news.asp?ReportID=731909&_Type=News&_Title=Graphene-3D-Lab-Announces-RD-Royalty-Agreement-with-a-Fortune-500-Manufactu...) and acquired Graphene Labs, the owner of www.graphene-supermarket.com (http://www.graphene3dlab.com/s/news.asp?ReportID=732949&_Type=News&_Title=Graphene-3D-Closes-Transaction-to-Acquire-Graphene-Laboratories-Inc.%20)
Lomiko owns 40% of Graphene ESD Corp. and will continue its development of energy storage devices. The company remains private and is working on patents in this space.
In the most difficult market in history for junior exploration companies, Lomiko has managed to stand out as an innovative, agile and forward-looking company. Our technology investments provide a counter balance to the junior resource market.
For more information on Lomiko Metals(LMRMF), review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Lomiko Metals Inc.(LMRMF)
you can E-mail Western lithium Investor relations they might have some insight.
Augmented reality the next Big Thing.
ALSO Stock Lumus and InfinityAR aim to do for augmented reality what Oculus has done for VR
http://www.extremetech.com/extreme/220781-lumus-and-infinityar-aim-to-do-for-augmented-reality-what-oculus-has-done-for-vr
Hyundai’s augmented reality manual: A simple but extremely good idea
http://arstechnica.com/cars/2016/01/hyundais-augmented-reality-manual-a-simple-but-extremely-good-idea/
Lumus and InfinityAR aim to do for augmented reality what Oculus has done for VR yes this wicked positive news.
http://www.extremetech.com/extreme/220781-lumus-and-infinityar-aim-to-do-for-augmented-reality-what-oculus-has-done-for-vr
31 dollars and lower for oil is crazy looks like this summer we might have free gas lol. only positive of low oil in mining is cost for fuel heat transportation so at least the operation cost of Rheology Modifier and other drilling fluids.
Buy rating and a CA$1.20 target
lithium carbonate is up 15% year over year and is now priced at over $6,000/tonne. Lithium hydroxide is getting more attention and is priced between $6,000-8,000/tonne, up 25% over last year. Some industry participants have noticed that transactions for both compounds have reached about $9,500/tonne recently. The lithium market might already be at a deficit. Benchmark Mineral Intelligence pegs 2015 demand at 175 Kt of lithium carbonate equivalent, and supply at about 150 Kt; SignumBOX, another consultant, estimates that lithium demand will grow at 7.4% compounded annually through 2030, and that lithium carbonate and lithium hydroxide prices will range from $8,000–12,000/tonne by 2030. With these prices expected to rise dramatically, there ought to be lots of incentive to get projects up and running.
Western Lithium USA Corp. (WLC:TSX; WLCDF:OTCQX), with a Buy rating and a CA$1.20 target following the merger with Lithium Americas Corp. This company has a lithium brine project in Argentina, a hectorite clay project in Nevada and a new organoclay operation serving the oil and gas and agricultural industries in Nevada. Its Cauchari brine project is advanced, and negotiations are underway with POSCO (PKX:NYSE) to form a joint venture that would supply Western Lithium with a proprietary lithium extraction process and see a demonstration plant built next year, completely funded by POSCO.
ALSO Stock support by Singulariteam
http://www.singulariteam.com/
I think this group is very good to have support from http://www.singulariteam.com/
See this amazing photo of a single protein on a graphene surface
http://thenextweb.com/insider/2016/01/11/see-this-amazing-photo-of-a-single-protein-on-a-graphene-surface/#gref
TOP 5 TECH TRENDS FROM CES 2016 DAY 1
Virtual Reality
With Oculus HTC, Samsung, Sony, Microsoft, and Valve pushing for their VR devices, 2016 will surely be the year for virtual reality. New additions to the already growing tech trend is what most are expecting and hopefully using VR not just in gaming. That's a challenge for current VR companies. Yes, we're looking at you, Facebook. Many are already anticipating the release of the headsets from different makers by 2016 especially the Oculus, Sony, and Valve. Another developing technology next to VR is the augmented reality. It will be blending reality with computer graphics by overlaying digital images to the real world. CES 2016 will jumpstart some off the brands expected to pilot the augment reality technology like Sony, Voke VR, Matter and Form, Infinity AR, and more.
chart looks to me like the price has consolidated from .19 to .27 with strong support at .21 .19 little resistance above. with the price of oil moving down and Investor volatility in the market extremely HIGH there is a lot of market fear and people are more likely not looking at high risk OTC stocks to park there money. Also the time frame for profit in WLCDF IS 2019 2020 before any real assignment can be made.Lets look at the Positive side of this first. 1. two of the worlds largest deposits of Lithium I do not think anyone will contest Western Lithium owns the mining rights to Both these location. 2 POSCO involvement and 5 million line of credit and other Investors with skin in the game.3 expanding demand for junior lithium players to enter the growing market.
Down side to WLCDF. 1.price of oil and the stock market volatility are effecting all price and free investor cash.2 funding and contracts from major players in the lithium market not being announced at this time is also hurting.The consolidation of lithium Americas into western lithium.
I am still confident that the long investor will profit on this just by holding to 2020 I would think there more than 50% chance of stock price over 2 dollars by then. that is a 400% return for some people. I could wrong also and if so i lose about a new pickup truck worth of cash.
It also seems if your invested into a company and manage a board related to the stock and its also happens to be in lithium mining to leach onto a board with motives is very easy for some to be misdirected from information there looking for on this board.I am all for posting risk and speculation information and anything that inform a investor on his position or future positions on this stock. I am not for board jacking bashing or manipulating for personal dissatisfaction with ones own life or stock positions. I have to admit i have done it so I can understand the level of desperation and do feel for anyone that goes threw loss or large swings in there stocks. I would also like to say always keep studying i am reading a few good books now on trading systems and trade plans. And my advice is never invest without knowing your risk and you enter and exit prices and time frame for you investment. like wlcdf I personally have my exit and entry prices along with my time frame. and less then 10% of my total long risk speculative position is on this PINK SHEET stock.
Western Lithium USA Corp. (WLC:TSX; WLCDF:OTCQX), with a Buy rating and a CA$1.20 target following the merger with Lithium Americas Corp. This company has a lithium brine project in Argentina, a hectorite clay project in Nevada and a new organoclay operation serving the oil and gas and agricultural industries in Nevada. Its Cauchari brine project is advanced, and negotiations are underway with POSCO (PKX:NYSE) to form a joint venture that would supply Western Lithium with a proprietary lithium extraction process and see a demonstration plant built next year, completely funded by POSCO.
looks like a nice start for 2016.
Moshe Hogeg is active in ALSO Stock
He is a serial entrepreneur, investor, CEO and Founder of Mobli and Singulariteam a large source of funding.
InfinityAR Expands To Support Inside-Out Marker-less Orientation and Positional Tracking for VR Headsets
InfinityAR’s Inside-Out Solution Reduces Cost, Latency and Power Consumption
January 05, 2016 11:00 AM Eastern Standard Time
LAS VEGAS--(BUSINESS WIRE)--InfinityAR (www.infinityar.com) the leading provider of the Augmented Reality (AR) solution, will be unveiling at CES in Las Vegas its Marker-less Orientation and Positional Tracking engine for VR headsets. InfinityAR will be demoing its new technology at booth 26533 at CES, located at Tech East, LVCC, South Hall 2.
InfinityAR unveils new inside-out, marker-less orientation tracking for VR headsets at CES 2016.
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InfinityAR has pioneered its solution for Augmented Reality headsets, and is now bringing its Inside-Out Marker-less Orientation and Positional Tracking into the Virtual Reality world. InfinityAR’s Inside-Out Simultaneous Localization and Mapping (SLAM) solution for VR Headsets is based on over the counter RGB stereo cameras and low cost Inertial Measurement Units (IMU). InfinityAR’s engine enables vendors of VR headsets to reduce their cost, reduce motion to photon latency, and reduce power consumption, by way of using the inside-out orientation and positional tracking approach.
Key Features of InfinityAR’s Engine:
Position and Orientation – InfinityAR’s advanced tracking algorithms enable content providers to create perfect interactions with virtual objects, while users are simultaneously moving in their physical world. InfinityAR’s engine provides a highly accurate and real-time analysis of a user’s orientation and position within the physical environment, enabling a truly immersive AR/VR experience.
Scene Reconstruction for Mix-Reality Cases – InfinityAR provides an accurate 3D digital representation of one’s current physical environment.
Low Power Consumption – InfinityAR’s CV algorithms are tuned to work for passive stereo sensors. In addition, the required algorithms computation power is optimized to run on the central AR glasses application processor.
Low Cost Hardware – InfinityAR’s algorithms are running on top of low cost, off-the-shelf RGB sensors, and a low cost IMU, helping make smart glasses affordable and accessible to mass markets.
“We are proud to extend our AR algorithms and engine to the VR world,” said Motti Kushnir, CEO of InfinityAR. “Our advancements in technology allow the VR community to enjoy more affordable and more powerful headsets, opening up the mass market so that everyone now has a chance to experience the world of AR and VR.”
About InfinityAR: InfinityAR’s vision is about creating a new digital environment that will allow people to naturally interact with augmented content in their physical surroundings. InfinityAR’s augmented reality development engine enables accurate 3D digital scene representation of one’s current physical environment, using basic, affordable hardware. It’s designed to turn any device into a powerful content augmentation platform, so developers can quickly and easily introduce applications with rich AR experiences to market. For more information please visit: www.infinityar.com
Contacts
Media Contact
InfinityAR
Jonah Balfour, +972 54-6175584 (Cell)
Blonde 2.0 for InfinityAR
jonah@blonde20.com
Graphene Filter Could Change the Game in Nuclear Power Costs
http://spectrum.ieee.org/nanoclast/semiconductors/materials/graphene-filter-offers-a-tenfold-reduction-in-energy-requrements-for-cleaning-nuclear-waste
CES 2016: WHAT TO EXPECT
DRIVERLESS CARS, VIRTUAL REALITY, AND MORE NEW TECH COMING TO VEGAS
http://www.popsci.com/ces-2016-what-to-expect
Support/Resistance Levels
Low Resistances .27 .28 .31 .40 .46 .47
Support .25 high support at .24 .21 .19
Looks like we might have Bull run ahead maybe new support levels my charts show us above .47 by April.
Global Graphene Market 2016 is estimated to reach $1,039 million by 2022
http://www.medgadget.com/2015/12/global-graphene-market-2016-is-estimated-to-reach-1039-million-by-2022.html
All that information is posted on Western Lithium Website anyone who Invested into Western Lithium understands the risk of PINK SHEET TRADING.
Never has there been a Pumping from Western Lithium. I would like to also point out Nov 30, 2015 59,001 -30.80 227,240 HMMM shorts are leaving Support .24 .23 .22. 21 .19 strong support and week resistance .27 .28
Bullish Engulfing on 24 candle and we gain some traction.
All the Risk Information is also posted on OTC Markets.
LG Chem Seen as Top Lithium-Ion Battery Supplier; Panasonic, Samsung Top Contenders (TSLA)
With the exception of Toyota’s continued use of nickel-metal hydride batteries for strong hybrid electric vehicles (HEVs), the lithium ion (Li-ion) battery is now the de facto leader in batteries across HEVs and plug-in vehicles (PEVs) with electric drivetrains. Navigant Research anticipates that most new production HEVs and all PEVs will be shipped with Li-ion batteries in the coming years.
While the market for Li-ion batteries for vehicle electrification is just beginning to develop, several companies have emerged as leaders. The most successful Li-ion battery manufacturers to date are large and financially stable companies or subsidiaries of these types of companies. Additionally, the leaders provide Li-ion batteries to multiple markets, such as the consumer electronics and emerging stationary grid energy storage markets. In terms of energy capacity, Navigant Research expects the global market for Li-ion batteries for light duty consumer HEVs and PEVs to grow by a 2015-2020 compound annual growth rate (CAGR) of 31.9% to 61.3 GWh. The majority (72%) of demand for Li-ion electric vehicle (EV) batteries is expected to come from battery electric vehicles (BEVs) due to the larger battery packs typical of those vehicle types.
This Navigant Research Leaderboard Report examines the strategy and execution of eight leading Li-ion battery manufacturers that are active in the light duty EV battery market. These players are rated on 12 criteria: vision; go-to market strategy; partners; production strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion vehicle electrification storage market.
Top Vendors:
1. LG Chem
2. Panasonic
3. Samsung SDI
4. AESC
5. Johnson Controls
6. BYD
7. A123
8. Lithium Energy Japan
Tesla chooses LG Chem to supply Li-Ion cells for its roadster upgrade
http://www.windpowerengineering.com/featured/business-news-projects/tesla-chooses-lg-chem-to-supply-li-ion-cells-for-its-roadster-upgrade/
Could Geologic Resource be collecting cash for a joint funding of something big? I am just getting the feeling something is brewing.
Geologic Resource Partners Llc 13F Positions
Geologic Resource Partners Llc just filed its Q3 2015 13F. Dated 23/12/2015, the filing shows the hedge fund has a portfolio value of $9.22 million, representing a decrease of $30.02 million from the previous quarter when it was $39.24 million. Note: This filling reprents only about 4.79% of Geologic Resource Partners Llc’s assets, which which are listed in the US.
Based on $192.34 million in assets under management, Geologic Resource Partners Llc’s equity exposure is only 4.79% of assets. Please also keep in mind that we can’t know the Geologic Resource Partners Llc’s net exposure and shorts.
Read more: http://www.octafinance.com/highlights-of-geologic-resource-partners-q3-2015-13f-holdings/321868/#ixzz3vEfm94gx
Read more: http://www.octafinance.com/highlights-of-geologic-resource-partners-q3-2015-13f-holdings/321868/#ixzz3vEfYW1ut
Western Lithium USA Corp., a TSX-listed junior which recently completed a merger with Lithium Americas Corp., has secured a $5m line of credit with its largest shareholder, Geologic Resource Partners LLC.
Speaking on an investor conference call yesterday, Tom Hodgson, Western Lithium’s CEO, said that the loan agreement was "an insurance policy", which "may or may not be drawn down".
The deal removes the need to "put plans on hold as [the company] figures out where the next round of funding is coming from" and also avoids the dilution of equity, he explained.
Western Lithium owns the Cauchari-Olaroz brine project in Argentina’s northern Jujuy province, from which it hopes to begin commercial production in 2017, and the Kings Valley hectorite clay project in Nevada, US, where it hopes to complete testwork for a definitive feasibility study (DFS) in the new year.
In downstream news, Korean battery producer LG Chem will sell one gigawatt hour (GWh) capacity of lithium-ion (Li-ion) batteries to Arlington, Virginia, US-based AES Energy Storage over the coming years. The batteries will be used to power AES’s Advancion grid-scale energy storage solution
In a joint statement, the companies noted that there are 1,400 megawatts (MW) of advanced energy storage projects either announced or in operation today, compared to less than 60 MW six years ago. They cited predictions by Navigant Research indicating that over 11 gigawatts (GW) of energy storage capacity will be installed annually by 2020 across 22 countries.
I was reading the wall street journal Tesla Gets Boost From Korean Battery Maker LG Chem http://www.wsj.com/articles/tesla-gets-boost-from-korean-battery-maker-lg-chem-1446007554 you can read at this Link.
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POSCO Chemtech Ramps up Anode Material Production Capacity
http://english.hankyung.com/news/apps/news.view?c1=04&nkey=201307010642171
So if LG Chem is making and supplying TESLA with a battery that POSCO is already Involved in. and there also connected to LAC Lithium why ? I am thinking its all a connection to a bigger picture in the future. I do not have the ability to see the Future but I can read between the lines if someone was boarding up there house with ply wood for home depot and the weather said hurricane about to hit my location I might think about buying a few sheets just to make sure my house is safe also.
I am reading a book now that just told me my Investment strategy has been wrong I am going to be adjusting my trading on tips from this book. I would never say how anyone should invest there money its up you. I am just sharing my thoughts on this stock and using this message board as a place to post notes and share insight with people.
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POSCO Chemtech Ramps up Anode Material Production Capacity
July 01, 2013 06:42 l July 01, 2013 06:42???? ??? ?????? ???
POSCO Chemtech, a chemical material unit of POSCO, established an anode material plant with an annual production capacity of 600 tons at the Jeoneui Industrial Complex in Sejong City on June 28.
The establishment of the new anode material plant increased POSCO Chemtech's total annual capacity up to 3,000 tons. Anode material is a core material of rechargeable cells that are used widely for mobile devices such as smartphones, electric cars and energy storage systems.
Unlike the rechargeable-cell market where Korean companies, including Samsung SDI and LG Chem, are vying for the world's No. 1 spot, the anode material market has been dominated by Japanese and Chinese suppliers. In this segment, accordingly, the demand for localization has increased acutely. With the latest capacity expansion, POSCO Chemtech expects more than 30 billion won worth of import substitution effect in a year.
alt
Posted : 2015-11-09 16:29
Updated : 2015-11-09 18:09
LG Chem wins energy storage system battery deal in Germany
????
By Yoon Sung-won
LG Chem has won a deal to supply batteries for a massive energy storage system (ESS) project in Germany.
Under the multibillion-won deal announced Monday, the Korean company will exclusively provide batteries for Germany's fifth-largest power-generation company Steag for an ESS project scheduled to be established in the North Rhein-Westfalen and Saarland regions starting next year. Nidec ASI, Europe's top ESS company, will build the system using LG Chem's batteries.
Korea's leading chemical and materials manufacturing company, LG Chem pledged to lead the global ESS market as well as the electric vehicle sector.
"We have secured a powerful leadership in the global market thanks to the successful supply deal for the ESS project, which is the world's largest in scale," said LG Chem's battery business division head Kwon Young-soo in a statement. "We will win more deals around the world including North America and Europe, aiming at leading the global market both in the ESS and electric vehicle markets."
LG Chem will supply batteries capable of producing 140 megawatts per hour, which is the world's highest, for ESS facilities designed for frequency regulation. The new ESS can store and supply electricity to deal with instant changes in power consumption, the company said.
The German government has recently pushed for systems to upgrade existing power generators in order to handle sudden fluctuations in electricity demand and to protect national infrastructure. Accordingly, the country's major power generation firms have launched massive projects to build ESS facilities for frequency regulation. LG Chem said it anticipates winning further massive deals in the country.
According to the international market analysis agency Navigant Research, the global ESS market is expected to reach 7.3 trillion won by 2020, which accounts for seven-fold growth from 1.05 trillion won this year.
"We will strengthen strategic cooperation with Nidec ASI in the future to actively capture German and European ESS markets," LG Chem said.
I was happy with call also. I understand that Information about the lithium market and lithium investments is a small exposure community and as the work gets out more news more large scale stock volume will come with this.
I would like to note I feel western lithium jay chmelauskas should be the face of the company. I will be posting and sending a E-mail to why this would be a better fit.
They can not announce posco deal without posco releasing. A sec form on the news. But they will be a agreement soon.
Big new shovel ready Argentina deposit sizes matters Posco backing by 2017 40,000 ton year 40 year life.
WLCDF WESTERN LITHIUM
Big news today should bring volume and there is little resistance in front of the stock. Strong support Levels .24 .23 .22 .20 should be very safe play on a day trade with a chance to really gain some cash. there will be a conference call with Expert Chris Berry Lithium and Metals guy who covers all big news in Lithium Market.
Western Lithium Corporation
www.westernlithium.com
Telephone: 1-778-656-5820
Facsimile: 1-604-629-0726
Other Recent News (www.westernlithium.com/news)
** Western Lithium Announces Investor Conference Call
Provides Updates on Projects in Argentina and Nevada
------------------------------------------------------------
December 17, 2015
Vancouver and Toronto, Canada: Western Lithium USA Corporation (“Western Lithium”, the “Company”, TSX: WLC; OTCQX: WLCDF) will host a conference call with new CEO Tom Hodgson and the Company’s management on Monday December 21^st at 11AM ET. The Company is also pleased to provide an update on the progress of its’ three projects, and to discuss its plans for the coming year:
* Cauchari-Olaroz lithium project (“Cauchari-Olaroz”), the third largest[1] (#_ftn1) known lithium brine resource in the world, located in Jujuy province, Argentina, in which the Company continues to advance a potential joint venture with POSCO that could be the catalyst for near term production on the project and make Western Lithium the next lithium producer;
* Kings Valley lithium project, in which the Company continues towards a Feasibility Study and permitting, with the objective of becoming a mid-term domestic source of lithium supply in Nevada, USA;
* Hectatone organoclay business, in which the Company’s business objective for 2016 is to commence commercial production and become cash flow positive.
Cauchari-Olaroz Lithium Project, Jujuy Province, Argentina
As previously reported by Lithium Americas Corp., prior to the merger close with Western Lithium, in a press release dated August 27, 2015, a Heads of Agreement (“HOA”) was executed with POSCO regarding the commercialization of the Company’s Cauchari-Olaroz lithium project. POSCO and Western Lithium’s intention to develop a commercial project at the Cauchari-Olaroz follows on the successful results from the operation during 2015 of POSCO’s large-scale lithium extraction demonstration plant.
POSCO, South Korea’s largest steel (https://en.wikipedia.org/wiki/Steel) company, has stated its intent to enter the lithium business as it pursues high growth opportunities within the advanced metals and materials industries. The HOA, legally non-binding and non-exclusive, provides the basic framework and conditions to establish a Joint Venture Company that will produce lithium carbonate and lithium hydroxide. Both parties are now in the process of completing final technical, financial and legal due diligence. The current negotiating framework includes the potential for initial production of lithium products in early 2017. Further details on business terms such as capital investment, operating costs, product mix, economic ownership and financing responsibilities are expected to be finalized in early 2016.
In the HOA, the parties have stated that POSCO will contribute to the joint venture its proprietary lithium extraction technologies for the production of lithium carbonate and lithium hydroxide, while Western Lithium will contribute lithium-rich brine from its Cauchari-Olaroz project. The parties contemplate that the first stage of the plant would produce up to 2,500 tonnes of lithium carbonate equivalent (“LCE”) per annum, with the project ramping up to 20,000 tonnes of LCE per annum.
Commenting on the status of negotiations, the Company’s CEO, Tom Hodgson, stated: “Our objective for the commencement of Cauchari-Olaroz’s production coincides with the timing of a major positive transformation in Argentina, which now has a new government that we believe will seek to attract global investment capital. Our discussions with POSCO are advancing during a time of positive global market conditions for lithium, and positive political and economic changes for Argentina. It is prudent that we carefully plan our path to production as we make long-term decisions and commitments to our joint business plan. We now expect to have a new Co-operation Agreement announced early in 2016 that will further define the parameters for commercialization of Cauchari-Olaroz. The lithium market needs new sources of supply and we are excited to rapidly advance our project and to play an important role in the new energy storage economy.”
Kings Valley Lithium Project, Nevada, USA
The Company is also pleased to provide an update for the ongoing large-scale lithium extraction testing programs underway in Germany using the Company’s proprietary patented process. The campaign commenced on November 10th and is expected to run until mid-December.
A test program has been completed to establish the handling characteristics of the calcined feed and leached tailings. Nearly 40 tons of near surface oxidized clay were granulated and calcined, and are being processed at the Company’s lithium demonstration plant to produce lithium carbonate and potassium and sodium sulphates. The processing campaigns have been designed to provide operating criteria for a commercial scale facility.
In the New Year, the Company is planning to run approximately 50 to 100 tons of representative unoxidized clay, which is intended to serve as the final testing program to support design criteria for a Definitive Feasibility Study. This final campaign is expected to conclude the demonstration plant operations so that detailed project engineering can commence in parallel with project permitting and further engineering around a lithium hydroxide conversion circuit.
Hectatone Organoclay Business, Nevada, USA
Hectatone has recently completed a business plan for 2016, focused on achieving a level of sales required to become cash flow positive by the end of 2016.
Important milestones and progress achieved by Hectatone in 2015 will further contribute to 2016 results and include:
* Sale of first organophilic clay into the drilling industry in Q1 2015, which was used in drilling operations in South America;
* Achieving certified supplier status with nine leading oilfield service companies, including two major companies;
* Sales of Hectabind™ animal feed additive to markets in S. Korea, China, Brazil, Saudi Arabia, and Mexico which began in Q3 2015;
* Hectasorb™ organophilic bentonite granules manufactured at pilot scale have received positive results from a North American customer for use in geosynthetic clay liner applications. Samples will be submitted to customers in Q1, 2016. Additionally, Hectasorb™ samples have been submitted to a European customer to confirm performance in the application of recycling engine radiator coolant fluids and aircraft de-icing fluids;
* Hectaflow™ lab manufactured samples tested by a European customer as a rheology additive in solvent borne unsaturated, epoxy, and vinyl polyester resins coatings completed in Q4 2015 with positive results. Pilot scale manufacturing was completed in Q4 2015 and production samples will be submitted by early 2016.
During 2016, Hectatone is targeting four market segments for the commercialization of its organophilic clay products. Hectatone will seek to expand its business beyond oilfield and develop new products that target opportunities in markets to include Coating & Building Product Applications, Animal Feed Industry, and Environmental Application Products. The Company intends to leverage the declining cost environment for raw materials, manufacturing supplies and transportation to produce high quality cost competitive products that meets market needs.
Hectatone President Frank Wright commented, "Hectatone’s new plant is a world-class production facility with an annual practical capacity of 24,000 tons per year. Hectatone has achieved several foundational milestones in its first year of operation. The company has achieved certified vendor status for its standard organophilic bentonite product, Hectatone™ B91, with several oilfield service companies including two of the majors.”
Conference Call Details
Tom Hodgson, CEO of Western Lithium will address the investors during a conference call hosted by the Company at 11:00 AM (EST) on Monday Dec 21^st. The call will be moderated by Chris Berry of House Mountain Partners, a leading consultancy in energy metals, co-publisher of The Disruptive Discoveries Journal. Dial in details are as follows:
Toll Free Dial-In: 1-888-231-8191
International Dial-In: 1-647-427-7450
A recorded “Encore” version of the conference call will be available shortly after the event until January 18, 2016. Please visit the “Upcoming Events” page on our website http://www.westernlithium.com/investors/upcoming-events/ for details.
About Western Lithium
Western Lithium is positioning itself as a major U.S. and Argentinian based supplier to support the rising global demand for lithium that is expected from the increased use of hybrid/electric vehicles, consumer electronics, and consumer and industrial lithium battery storage applications.
At the Cauchari-Olaroz lithium project, located in Jujuy province, Argentina, a major lithium brine reserve has been defined and a definitive feasibility study has been completed. In addition and as previously announced on August 27, 2015, a Heads of Agreement has been signed with POSCO regarding the commercialization of that project using their own proprietary technology.
The Kings Valley lithium project is being developed into a strategic, scalable and reliable source of high quality lithium products. In addition, Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additives, Hectatone™ and potentially other organoclays for the oil and gas and other industries.
For further information, please contact:
Western Lithium USA Corporation
John Kanellitsas, Vice Chairman
jkanellitsas@westernlithium.com
Investor Relations, info@westernlithium.com (mailto:info@westernlithium.com)
Telephone: 778-656-5820
Suite 1100 – 355 Burrard Street
Vancouver, BC, V6C 2G8
Website: www.westernlithium.com (http://www.westernlithium.com/)
Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as “forward-looking information”). All statements, other than statements of historical fact, may be forward-looking information. Forward looking information can be identified by the use of statements that include words such as "seek", “plan", "continue", "expect", "will", "targeting", "intend", "believe" and similar words or expressions. Information provided in this news release is necessarily summarized and may not contain all available material information.
Forward-looking information in this news release includes, but is not limited to: the development and commercialization of the Cauchari and Kings Valley lithium project; potential joint venture with POSCO and the growth of the Hectatone business.
Forward-looking information expresses, as at the date of this news release, plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. All such forward-looking information is based on certain assumptions, estimates, expectations, analyses and opinions made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Assumptions upon which such forward-looking information is based include, without limitation: no significant event occurring outside of the ordinary course of business of Western Lithium ; legislative and regulatory environment; impact of increasing competition; current technological trends; prices of lithium and potash; costs of development and production; anticipated results of exploration and development activities; Western Lithium’s ability to operate in a safe and
effective manner; and ability to obtain financing on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive.
Western Lithium’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking information as a result of numerous factors, risks and uncertainties, many of which are beyond Western Lithium’s control. These include, but are not limited to: the ability to successfully market and sell Hectabind™ , Hectasorb™ and Hectaflow ™ products, including the timing of production of its first shipment of Hectabind™ , Hectasorb™ and Hectaflow ™ ; the timing and ability of the company to develop clay and organoclay based products for other non-drilling markets; the further qualification of its organoclay drilling additive products as authorized products approved for use by industry participants; and; future product sales of Hectatone™ and the outlook for the drilling additive sector; possible variations in mineral resource and reserve estimates; grade/concentration or recovery rates; lithium or potash prices; operating or capital
costs; changes in project parameters as plans continue to be refined; legislative changes that impact the operations in which Western Lithium conduct business; results of exploration activities and development of mineral properties; interpretation of geological data; receipt and security of mineral property titles; failure of plant, equipment or processes to operate as anticipated; accidents; labour disputes; the inability to obtain key personnel and parts related to operations; receipt of licenses to conduct mining activities; country and political risks; civil unrest; community relations; timing and possible outcome of pending litigation; liabilities and risks, including environmental liabilities and risks inherent in the development and production of Western Lithium’s properties; cost overruns or unanticipated costs and expenses; the availability of funds; currency fluctuations; general market and industry conditions; competition; the business of the companies not being
integrated successfully or such integration proving more difficult, time consuming or costly than expected; the results of demonstration plant testing for the Kings Valley Project; failure of Western Lithium to enter into an agreement with POSCO to put the Cauchari-Olaroz project into commercial production using POSCO’s proprietary lithium and potash extraction technology; the fact that POSCO’s extraction technology tested at the Cauchari-Olaroz project is secret and proprietary to POSCO and not subject to any independent economic study; and delays in obtaining governmental and regulatory approvals, as well as those factors more fully described under the heading “Risk Factors” in Western Lithium’s annual information form and most recently filed management discussion & analysis, and described under the heading “Risk Factors” in Lithium America’s annual information form, available on SEDAR. There is no assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Western Lithium does not intend, and expressly disclaims any obligation to, update any forward-looking information whether as a result of new information, future events or otherwise, except as, and to the extent required by, applicable securities laws.
By Chris Berry (@cberry1)
As is the case this time of year, we start to close the books on 2015 and position for 2016. While we have effectively and indefinitely moved “to the sidelines” with respect to stock picking in the junior mining space, there were some notable successes, in particular with the merger between Western Lithium (WLC:TSXV) and Lithium Americas. This combination positions the new company in a unique strategic light as electrification, underpinned by the lithium ion battery, gathers steam in 2016. Galaxy Lithium’s
http://www.discoveryinvesting.com/
What I am thinking is POSCO is going to fund the lithium plant in Argentina in 2016 to 2017 production of 20,000 ton and there will be sales of this lithium to Lg chem witch will make batteries for TESLA that will lead to funding of kingsvally lithium plant being built and supplying TESLA 25,000 ton a year in 2019 . this my thoughts to sure if I am correct.
WLCDF STOCK HUGE NEWS CHRIS BERRY THE CHUCK NORIS OF LITHIUM.
I am going to be upfront with anyone who reads this Post Chris Berry is one of the biggest in the Lithium market news Media. Anything he covers in the Lithium news is spread out like ants on leftover pizza. So we should get some boast on him covering Western Lithium
MORE INFO ON THE TESLA CONNECTION AT WLCDF MESSAGE BOARD OVERLORDPETER.
Conference Call Details
Tom Hodgson, CEO of Western Lithium will address the investors during a conference call hosted by the Company at 11:00 AM (EST) on Monday Dec 21st. The call will be moderated by Chris Berry of House Mountain Partners, a leading consultancy in energy metals, co-publisher of The Disruptive Discoveries Journal. Dial in details are as follows:
Toll Free Dial-In: 1-888-231-8191 International Dial-In: 1-647-427-7450
A recorded "Encore" version of the conference call will be available shortly after the event until January 18, 2016. Please visit the "Upcoming Events" page on our website http://www.westernlithium.com/investors/upcoming-events/ for details.
TESLA CONNECTION WITH LG CHEM CONNECTION WITH POSCO CONNECTION WITH LITHIUM AMERICA CONNECTION WITH WESTERN LITHIUM.
OK Korean giant POSCO is aligned with Western Lithium. To the extent that Japanese and Korean battery makers like Panasonic, Mitsubishi, Samsung, AESC and LG Chem are interested in getting a foothold, Dajin would be a logical place to start.
Tesla confirmed the contract with the battery maker after Japanese news agency Nihon Keisai Shimbun reported that Tesla officials were negotiating with LG on a battery contract. LG Chem is a battery-making affiliate of LG Electronics Inc. Tesla declined to comment on any current negotiation with the company.
Until this announcement, the only known supplier to Tesla for batteries was Japan’s Panasonic Corp., which is codeveloping a $5 billion battery factory outside of Reno, Nev.
OK people overlord has spoken and I am saying
HUGE NEWS CHRIS BERRY THE CHUCK NORIS OF LITHIUM.
I am going to be upfront with anyone who reads this Post Chris Berry is one of the biggest in the Lithium market news Media. Anything he covers in the Lithium news is spread out like ants on leftover pizza. So we should get some boast on him covering Western Lithium
Tom Hodgson, CEO of Western Lithium will address the investors during a conference call hosted by the Company at 11:00 AM (EST) on Monday Dec 21st. The call will be moderated by Chris Berry of House Mountain Partners, a leading consultancy in energy metals, co-publisher of The Disruptive Discoveries Journal. Dial in details are as follows:
Toll Free Dial-In: 1-888-231-8191 International Dial-In: 1-647-427-7450
A recorded "Encore" version of the conference call will be available shortly after the event until January 18, 2016. Please visit the "Upcoming Events" page on our website http://www.westernlithium.com/investors/upcoming-events/ for details.
Electrons dance in pulled graphene
Stretching an atom-thick strip of carbon could mimic the effects of a magnetic field, changing the behaviour of electrons so that the effect is 100 times stronger than that from normal magnets.
http://www.nature.com/nature/journal/v528/n7582/full/528311c.html