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Gold/Mining/Energy : Lithos Corporation (M.lts)
LTS 3.4900.0%Feb 14 4:00 PM EST

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To: michellan who wrote (398)8/26/1999 9:27:00 PM
From: Prospec1  Read Replies (1) of 415
 
A summary of the assembly of the shareholders of 25 August 1999
* About 200 people were present

- Lithos, all the foreseen resolutions were recognized
- Cons‚quemment, the name "Limtech" going to replace Lithos
- The name of the new mining company gonna be ALSA

- SCOOP; the factory of carbonate of lithium, for the totality of the 750 tons, the put in production is foreseen for the spring 2000

- put in concrete form Contracts currently by some signings: 84 tons

- many talks with some customers. enormous!
- A some pr‚requis in the discussion with the possible customers requires that the factory of 750 tons is in production to the spring

- The factory of 750 tons who will be puts in yard will have the necessary space per one second line of production of 700 tons; in the SAME BATISSE RIGHT COTES GARLICS of the line of 500 tons

- Lithos will concentrate on of 4/ 9 and 5/ 9; but he would can [au] beginning also make
of 3/ 9 in order to break in and function the equipment

- Matiere first; Provision in Chile to 2.00$ the kilogram
- A question to Mr. Dupuis; "has You of good grounds in order to put in the construction of a factory of $10 millions?" R‚p. "I am very optimistic" he has said in a large smile.

- Mr. Dupuis said that their cost of production places them in good position face
to the customers; that he is certain of developing a market

- The last requisite financiers were signed the 24 to in the evening with the Bank
Royal; a loan of 2,000,000$ in order to come end the financing of the factory of 750 tons; confirmation by Louis Lessard. Mr. Dupuis: " The next partners will have to pass directly by the walked some actions."

- Puts in produce of this fall the factory pilots of CHLORIDE of lithium

* The Valued that had Lithos of the worldwide consumption is under valuing for
the carbonate of lithium for the 4/ 9 and 5/ 9.

- Hydro Quebec; he is not excluded that Lithos and H-Q rejoins in some projects possible futures (mentioned at the time of relative discussion to the batteries for
electric cars.)

- The neighbors communiqu‚s of press will announce the contracts.

ALSA
* Rumors among the assembly of the shareholders of discovering diamond on the gold property in Guinea (recall us that Lithos purchased the rights
[diamond]!!!)

Now LIMTECH is alive and the Fall will be very very HOT.

GO!! LITHOS GO!

==================================================

Un r‚sum‚ de l'assembl‚e des actionnaires du 25 ao–t 1999
* Environ 200 personnes ‚taient pr‚sentes

- Lithos, toutes les r‚solutions pr‚vues ont ‚t‚ accept‚es
- Cons‚quemment, le nom de Limtech viendra remplacer Lithos
- Le nom de la nouvelle compagnie miniŠre sera ALSA
- SCOOP; l'usine de carbonate de litium, pour la totalit‚ des 750 tonnes, la
mise en production est pr‚vue pour le printemps 2000
- Contrats concr‚tis‚s actuellement par des signatures : 84 tonnes
- de nombreux pourparlers avec des clients... ‚normes !
- Un des pr‚requis dans la discussion avec d'‚ventuels clients requiert que
l'usine de 750 tonnes soit en production au printemps
- L'usine de 750 tonnes qui sera mise en chantier aura l'espace n‚cessaire
pour une seconde ligne de production de 700 tonnes; dans la MEME BATISSE
JUSTE AUX COTES de la ligne de 500 tonnes
- Lithos se concentrera sur du 4/9 et 5/9 ; mais il pourrait au-debut aussi faire
du 3/9 pour faire roder et faire fonctionner l'‚quipement
- Matiere premiere ; Approvisionnement au Chili … 2.00$ le kilo
- Une question … M. Dupuis ; "Avez-vous de bonnes raisons pour mettre en
branle la construction d'une usine de $10 millions ?" R‚p . "Je suis trŠs
optimiste" a-t-il dit dans un large sourire.
- M. Dupuis dit que leur co–t de production les place en bonne position face
aux clients; qu'il est certain de se d‚velopper un march‚
- Les derniers requis financiers ont ‚t‚ sign‚s le 24 au soir avec la Banque
Royale; un prˆt de 2,000,000$ pour venir compl‚ter-finaliser le financement de
l'usine de 750 tonnes ; confirmation par Louis Lessard.
M. Dupuis: " Les prochains partenaires auront … passer directement par le
march‚ des actions."

- Mise en branle dŠs cet automne de l'usine pilote de CHLORURE de lithium

* L'Estim‚ qu'avait Lithos de la consommation mondiale est sous-‚valu‚e pour
le carbonate de lithium pour le 4/9 et 5/9.

- Hydro-Quebec ; il n'est pas exclu que Lithos et H-Q se rejoignent dans des
projets ‚ventuels futurs (mentionn‚ lors de discussion relative aux piles pour
voitures ‚lectriques... )

- Les prochains communiqu‚s de presse annonceront les contrats.

ALSA
* Rumeurs parmi l'assembl‚e des actionnaires de d‚couverte diamantaire sur
la propri‚t‚ aurifŠre en Guin‚e (rappelons-nous que Lithos a rachet‚ les droits
diamantaires !!!)

Merci … "Savoir", pour cette info. Sur le forum INVESTINET.
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