Sunday, June 12, 2016 3:31:19 PM
SourcingLink.net acquires 8 new lithium-tantalum claims in James Bay, Quebec Canada
Alert
SAN DIEGO, CA -- April 1, 2016 -- InvestorsHub NewsWire -- SourcingLink.net Inc. (OTC Pink: SNET) is pleased to announce that it has acquired a block of 8 new claims sharing a 12 km boundary which is on three sides with the Rose Lithium Tantalum Property of Critical Elements Corp.
The Rose Resource pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%.(Critical Elements Corp website: http://www.cecorp.ca/en/ and Rose Resource consists of 26,500,000 tonnes of indicated resources containing 1.30% Li2O Equivalent (Eq) or 0.98% Li2O (259,700 tonnes of Li2O or 642,238 tonnes of Li2CO3 Eq), 163 ppm of Ta2O5 (9,514,317 pounds of Ta2O5) and 10,700,000 tonnes of inferred resources containing 1.14% Li2O Equivalent (Eq) or 0.86% Li2O (92,020 tonnes of Li2O or 227,565 tonnes of Li2CO3 Eq), 145 ppm Ta2O5 (3,417,400 pounds of Ta2O5).
The new Lac Fire property was staked to strategically cover ground that may be on strike and have similar geology to the Rose Lithium Tantalum Resource.
“The newly staked lithium claims are a great addition to our portfolio. The demand for lithium in the global market is increasing due to the demand for lithium batteries used in a variety of green based applications including electric powered automobiles. The acquisition of the Lac Fire property will provide an excellent target in the company’s search for a lithium resource.” Anne M Carioti, CEO
About The Eldor Project:
SourcingLink.net, Inc. signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (The Eldor Project) located in Northern Quebec, Canada (one of the most favorable mining jurisdictions in the world). The Eldor Project consists of 34 mineral claims covering approximately 3951 acres and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world.
About SourcingLink.net, Inc.
SourcingLink.net is a U.S. based publicly traded exploration and development company. Their focus in on rare metals and rare earth elements which are among the primary input materials for the 21st Century technology.
Forward-looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Contact:
SourcingLink.net
12526 High Bluff Drive, Ste 300
San Diego, CA 92130
Phone 858-792-3620
Website: www.sourcinglink.org
Email:info@sourcinglink.org
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM