Lithium
Bacanora Minerals Ltd. (TSXV:BCN) and Rare Earth Minerals Plc finalized a lithium farm-in deal that grants Rare Earth Minerals certain rights to participate in the drilling and project evaluation of the El Sauz and Fleur lithium concessions in northern Mexico.
Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) recieved exchange approval for the $600,000 convertible loan, which has an interest rate of 10%. The principal amount of the loan and any interest accumulated may be converted at the lender’s option to acquire shares of the Company, at $0.10 a share.
Canada Lithium (TSX:CLQ) President and CEO, Peter Secker, spoke with the Investing News Network at PDAC in Toronto on the Quebec Lithium Project.
Rock Tech Lithium Inc. (TSXV:RCK) entered into a loan agreement with BTI International, a private partnership that specializes in providing venture finance to micro-cap and small-cap companies. BTI International is to provide CDN $600,000 in debt financing.
Bacanora Minerals Ltd. (TSXV:BCN) announced the completion of shares for services issuance that were previously announced on January 10, 2013.
Bacanora Minerals Ltd. (TSXV:BCN) proposed a revised private placement for total proceeds of up to $3,500,000 at $0.30 per unit.
Bacanora Minerals Ltd. (TSXV:BCN) announced a proposed private placement for gross proceeds of up to $3,500,000 at a price of $0.30 a unit.
Rock Tech Lithium Inc. (TSXV:RCK;FWB:RJIA) is carefully evaluating proposals from geological and engineering companies in regards to planning a preliminary economic assessment at the Georgia Lake lithium project.
Bacanora Minerals Ltd. (TSXV:BCN) released the results of a positive Preliminary Economic Assessment on the La Ventana Lithium Deposit in Mexico: a mine life of 20 years, annual revenue of $US210 million for an Internal Rate of Return of 138% with a 1.9 year pay back, and capital costs of $US114 million with average operating costs at $US1,958/tonne. The Company also disclosed new inferred lithium resources that are estimated at 16,829,000 tonnes averaging 2,557 ppm Li, which brings the total estimated inferred resources for this project to 60 million tonnes averaging 3,000 ppm Li.
Lomiko Metals Inc. (TSXV:LMR,FWB:DH8B) announced three infographics that highlight and summarize the Graphite Market, Graphene and the Lithium-Ion Battery.
