Archive for August, 2010

Gossan Awards Incentive Stock Options

Gossan Resources Limited (CVE:GSS) reported that it has awarded 640,000 incentive stock options exercisable at $0.15 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.

Marifil Sells Lithium Properties for $5 Million

MARIFIL MINES LTD. (CVE:MFM) announced that it has signed an agreement with Renholn International, a private company, whereby Renholn has the right to purchase all of the Company’s lithium claims in Salta and Catamarca Provinces, Argentina.

Salares Lithium and Talison Lithium Enter Into Definitive Merger Agreement

Salares Lithium (CVE:LIT) and Talison Lithium report the completion of due diligence and execution of a definitive arrangement agreement for the merger of their respective lithium assets. The execution of the Agreement clears the way for Salares shareholders to vote on and approve the merger at a special meeting of shareholders to be held on September 16, 2010. For complete [...]

Mindoro Resources Ltd.: Agata Nickel Infill Drilling Completed; Higher-Grades Intersected

Mindoro Resources Ltd. (CVE:MIO) announced the last batch of infill drilling results from the company’s Agata Nickel Project in the Philippines with grades and thickness of potential economic interest, including limonite intersections averaging 4.06 meters (m) at 1.15% Nickel, 0.13% Cobalt and 48% Iron and saprolite intersections averaging 7.25m at 1.31% Nickel.

Lithium Industry Keenly Awaiting Potential Chile Regulation Change

Last week, the top lithium mining companies urged Chile to overhaul regulation to allow them to increase output of a metal seen booming in coming years anticipating a larger scale adoption and demand of electric cars and lithium batteries. The government wants the industry to grow; however, opposition has said the state should keep its tight grip over an industry that could bring billions of dollars in revenue in the future.

Salares Lithium-Talison Minerals Merger Update

Salares Lithium Inc. (CVE:LIT) & Talison Minerals report a proposed merger to combine their respective lithium assets. Talison and Salares have agreed to extend the termination date of the Letter Agreement that sets out the terms upon which the proposed merger will be implemented from August 9, 2010 to August 12, 2010 in order to allow the parties [...]