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To: howestreetbull who wrote (38240)12/20/2017 10:12:22 AM
From: howestreetbullRead Replies (1) | Respond to of 202372
 
$BCN.v Lithium/Cobalt Jrs $ABR.v $PE.v $BCN.v $NEV.v $DJI.v $LIX.v $ILI.v $DGO.v $NMX.v $LAC.t $SIE.V $EXX.v $SRJ.v $FAT.c $GSW.v $CUZ.v
Bacanora Minerals' huge lithium mine has been valued at $1.25bn

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Courtney Goldsmith

I am a journalist for City A.M. reporting on the Industrials sector, including o [..] Show more

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Bacanora is backed by BlackRock (Source: Bacanora Minerals)

Bacanora Minerals is one step closer to pumping some much-needed lithium into the market after a positive feasibility study today valued its flagship project at $1.25bn (£936m).

Sonora, Bacanora's battery-grade lithium carbonate mine in Mexico, has the potential to become one of the world's top lithium mines, chief executive Peter Secker told City AM.

The feasibility study confirmed favourable operating costs of a 35,000-tonnes-per-year operation. The company aims to begin production of 17,500 tonnes per year by 2019 in phase one, which will cost $420m, and four years later it will begin phase two at a cost of $380m to double production.

Operating costs were estimated to be as low as $3,190 per tonne, well below the current market price of between $12,000 and $20,000 a tonne.

Bacanora's Aim-listed shares rose 4.7 per cent 96.85p at the time of writing. The company is also listed in Canada.

Analysts at Canaccord Genuity said the feasibility study left Bacanora in a "strong" operating position to take advantage of Sonora's "world class, long life resource base".

"With funding expected to be in place from early 2018, we expect a substantial uplift in the valuation of BCN in the coming 12-24 months," they said.

Secker said the company already has more than $20m in the bank to start pre-development work, and it has a strong shareholder base with investors including BlackRock, M&G and Capital Group. The firm has already started talking to development banks, and with the feasibility study under its belt, it will "start those discussions in earnest next year".

Secker said the lithium market is going to see huge growth between 2020 and 2030. Demand for lithium, which is used in battery production, currently outstrips supply with a number of significant car manufactures making electric vehicle pledges over the next few years.

"It's a very good time for a new lithium producer to be coming into the market," he said. After last year saying 2020 would be a "magical" year for lithium, he today said: "It’s going to be a magical decade."



To: howestreetbull who wrote (38240)12/23/2017 10:08:58 AM
From: howestreetbullRead Replies (1) | Respond to of 202372
 
$ILI.v Lithium/Cobalt Jrs $ABR.v $PE.v $BCN.v $NEV.v $DJI.v $LIX.v $ILI.v $DGO.v $NMX.v $LAC.t $SIE.V $EXX.v $SRJ.v $FAT.c $GSW.v $CUZ.v

by @fscwire on December 22, 2017

Infinite Lithium Corp. Completes Private Placements ILI.v

Vancouver, British Columbia (FSCwire) - INFINITE LITHIUM CORP. (“Infinite Lithium” or the “Company”) (ILI-TSX:V) (37NN–FRANKFURT) is pleased to announce that it has closed its previously announced private placement of units (see previous news releases dated November 23, 2017 and November 27, 2017), for aggregate gross proceeds of $4,830,000.

Pursuant to the private placements, a total of 34,000,000 units were issued at $0.12 per share, for gross proceeds of $4,080,000, and a total of 5,000,000 units were issued at $0.15 per share, for gross proceeds of $750,000. Each unit is comprised of one common share and one common share purchase warrant exercisable at $0.20 per share for 36 months. The shares and warrants comprising the units are subject to a 4 month hold period expiring April 23, 2018.

With respect to the units issued at $0.12 per unit, a total of $134,776.40 in cash finder's fees were paid to arm's length parties. With respect to the units issued at $0.15 per unit, a total of $11,250 in cash finder's fees were paid to arm's length parties.

Proceeds received by the Company will be used for general corporate purposes and for advancing the Company's 100% owned Jackpot lithium project, located in the Georgia Lake area of the Thunder Bay Mining Division, Ontario.

The Company also announces it will not be proceeding with the Iron-T acquisition announced July 6, 2017 as it has determined to focus its efforts in the lithium space.

The Company further announces it has granted 800,000 stock options to directors and officers of the company, exercisable at a price of $0.30 per share for a period of 24 months from the date of grant. The options have been granted in accordance with the company's stock option plan.

About Infinite Lithium

Infinite Lithium is a junior mining exploration company focused on seeking and acquiring lithium projects globally.

ON BEHALF OF THE BOARD
“Michael England”

Michael England, President and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither the 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.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/InfiniteLithium12222017_0.pdf

Source: Infinite Lithium Corp. (TSX Venture:ILI, OTC Bulletin Board: ARXRD, FWB:37NN)

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