Lithium Remains in Record High Demand Based on Booming EV Revolution

Palm Beach, FL – (October 3, 2018) – The lithium industry remains highly competitive as global supplies are challenged, leading industry leaders to seek competitive advantages as it relates to mining and production levels. Additionally, the long-term outlook for lithium has been adjusted to be viewed in a positive light according to analysts due to various economic and political forces around the globe. According to Roskill, demand for the metal is projected to double over the next decade. Tesla, Volkswagen and other electric-vehicle manufacturers are gobbling up lithium for its use in lithium-ion batteries that power electric cars.  With the rise of electric vehicles and other lithium-powered devices, growth in the lithium market is not anticipated to slow anytime soon.  Active stocks in the markets this week include NRG Metals Inc. (TSX-V:NGZ) (OTC:NRGMF). Lithium Americas Corp. (TSX:LAC) (NYSE:LAC), Orocobre Ltd. (TSX:ORL) (OTC:OROCF), Advantage Lithium Corp. (TSX-V:AAL) (OTC:AVLIF), FMC Corporation (NYSE:FMC).

NRG Metals Inc. (TSX-V:NGZ.V) (OTCQB:NRGMF) Reports High Lithium Grades for Measured and Indicated Resource at the Hombre Muerto Norte Lithium Project, Argentina

HIGHLIGHTS

1. 756 parts per million Li contained within 571,000 tonnes in the Measured Indicated Categories
2. Low magnesium to lithium ratio of 2.6 to 1.0
3. Second well pumps at 20 liters per second limited only by pump size

NRG Metals is pleased to provide additional information regarding the maiden lithium (“Li”) and potassium (“K”) resource statement for its Hombre Muerto Norte lithium brine project in the Salta province of Argentina.  The average grade of lithium for the 571,000 tonne combined Measured and Indicated resource ( 509,000 measured and 62,000 indicated ) is 756 mg/liter lithium, with a low lithium to magnesium ratio of 2.6 to one.

We provided the NI 43-101 resource statement in Table 1 of our October 2, 2018 press release, and we have reproduced Table 1 below with the inclusion of grade data for lithium and potassium.  We refer the reader to our October 2, 2018 press release for detailed information about the resource estimate.

Table 1. Hombre Muerto North Lithium Brine Resource Statement

Tonnages are rounded off to the nearest 1,000.  Cutoff grade: 500 mg/L lithium, but no laboratory results were less than the cutoff grade. The conversion used to calculate the equivalents from their metal ions is based on the molar weight for the elements added to generate the equivalent.  The equations are Li x 5.3228 = lithium carbonate equivalent and K x 1.907 = potassium chloride equivalent.

The reader is cautioned that mineral resources are not mineral reserves and do not have demonstrated economic viability.

As we reported in a press release dated September 21, initial pumping tests from our first pumping test well (TWW18-01) located on the eastern side of the property indicated an average pumping rate of 25 liters per second of brine.  We have completed pumping tests on the second pumping test well (TWW18-02), located approximately 2.1 kilometers west of the first pumping well, and we are pleased to report that the initial results from the second pumping well indicated an average pumping rate of 20 liters per second of brine.  Both tests were conducted over a period of 72 hours.  The capacity of the pump used for the pumping tests for both holes was limited, and we expect that the pumping rates will be exceeded with a larger pump.

Adrian Hobkirk, President and CEO of NRG, commented, “The grades we are seeing at the Hombre Muerto Project are some of the highest reported grades for any of the lithium-bearing brine deposits in Argentina.  The combination of high grades, excellent chemistry and good pumping rates are very positive indicators that we hope will allow us to advance the project through feasibility studies to production should the economic viability and technical feasibility of the project be established.”    Read this and more news for NRG Metals at:  https://financialnewsmedia.com/news-ngz/

Other recent developments in the mining industry include:

Martin Perez de Solay has been appointed as Orocobre Ltd.’s (TSX:ORL.TO) (OTCPK:OROCF) new chief executive officer and managing director after an extensive global search by recruitment specialist Egon Zehnder. Mr. Perez de Solay will commence in these roles following the upcoming annual general meeting and a transition period with the current managing director and chief executive officer.  Orocobre chairman Robert Hubbard stated he was absolutely delighted with the appointment of Mr. Perez de Solay to the role: “Martin is a highly accomplished chief executive with the ideal blend of skills, experience and knowledge to lead Orocobre though the next stages of its development.  “Martin’s initial focus will be on the established strategy of optimizing the operating performance of the Olaroz joint venture and delivering the company’s growth plans for the Olaroz stage 2 expansion and lithium hydroxide plant in Japan. Martin will be based in Argentina utilizing his extensive operational expertise and in-country knowledge for the maximum benefit of Orocobre shareholders,” Mr. Hubbard commented.

Advantage Lithium Corp. (TSX-V:AAL.V) (OTCQX:AVLIF) has provided this update on the brine sampling of diamond core holes CAU20 and CAU21 in the Northwest sector of the Cauchari joint venture property located in the Jujuy province, Argentina.  The exploration program is being managed by joint venture partner Advantage Lithium, which holds 75 per cent of Cauchari. Orocobre Ltd. owns 33.5 per cent of Advantage Lithium’s issued capital and 25 per cent directly in the joint venture.  President and chief executive officer David Sidoo commented: “These excellent results from our phase 3 systematic sampling program confirm the high quality of the NW sector brine with low Mg/Li and SO4/Li ratios and excellent aquifer extraction characteristics. Drilling continues to expand the area and depth of the brine, as our Cauchari project continues to develop as the next substantial lithium resource in the Cauchari-Olaroz basin beside LAC/Ganfeng and Orocobre. Drilling is ongoing in the NW and SE sectors as part of the program to upgrade the resource to measured and indicated status, with four drilling rigs on site.”

Lithium Americas Corp (NYSE:LAC) (TSX:LAC) last announced its quarterly earnings results on Tuesday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Lithium Americas had a negative net margin of 860.20% and a negative return on equity of 28.03%. The firm had revenue of $0.86 million during the quarter, compared to analysts’ expectations of $1.30 million. sell-side analysts predict that Lithium Americas Corp will post -0.28 EPS for the current year.  Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

FMC Corporation (NYSE:FMC) will release its third quarter 2018 earnings on Monday, November 5, 2018, after the stock market close via PR Newswire and the company’s website at: http://www.fmc.com.  Livent Corporation also expects to announce its third quarter 2018 carve-out results at the same time.  If, as expected, the Livent IPO has been completed prior to November 5, 2018, Livent will announce its results in a separate press release, via PR Newswire and the company’s website at http://www.livent.com. —  FMC will host a webcast conference call on Tuesday, November 6, 2018, at 9:00 a.m. ET.  —  If the Livent IPO has been completed prior to November 5, 2018, Livent expects to host a separate webcast conference call on Tuesday, November 6, 2018, at 8:00 a.m. ET. —  Both calls will be open to the public via Internet broadcast and telephone.  For call in details please go here

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.   For current services performed MNU has been compensated forty nine hundred dollars for news coverage of the current press releases issued by NRG Metals Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE Financialnewsmedia.com