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This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market — The global Wind Turbine Pitch Systems market is valued at 1512.89 million USD in 2016 and is expected to reach 1654.69 million USD by the end of 2022, growing at a CAGR of 1.50% between 2016 and 2022. Companies profiled in this report are Vestas, Siemens Wind Power, Enercon, Gamesa, MOOG, SSB, Mita-Teknik, Parker Hannifin, Bosch Rexroth, Atech, DEIF Wind Power, MLS Intelligent Control Dynamics, OAT, AVN, DHIDCW, Techwin, HuadianTianren, REnergy, DEA, Corona, REE, KK-Qianwei, Forward Technology, Jariec Electronic and more. Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into • Hydraulic Pitch System • Electrical Pitch System Analysis by Applications, this report focuses on consumption, market share and growth rate of Wind Turbine Pitch Systems in each application, can be divided into • Offshore • Onshore Table of Contents: 1 Wind Turbine Pitch Systems Market Overview 2 Global Wind Turbine Pitch Systems Market Competition by Manufacturers 3 Global Wind Turbine Pitch Systems Production by Regions (2012-2017) 4 Global Wind Turbine Pitch Systems Consumption by Regions (2012-2017) 5 Global Wind Turbine Pitch Systems Production, Revenue (Value), Price Trend by Types 6 Global Wind Turbine Pitch Systems Market Analysis by Applications 7 Key Manufacturers Analysis of Wind Turbine Pitch Systems Industry 8 Wind Turbine Pitch Systems Manufacturing Cost Analysis 9 Industrial Chain, Sourcing Strategy and Downstream Buyers 10 Marketing Strategy Analysis, Distributors/Traders 11 Market Effect Factors Analysis 12 Global Wind Turbine Pitch Systems Market Forecast (2017-2022) 13 Research Findings and Conclusion 14 Methodology and Data Source Inquire more about this report at: https://www.themarketreports.com/report/ask-your-query/524751 For more information, please visit https://www.themarketreports.com/report/global-wind-turbine-pitch-systems-market-2017-industry-trend-and-forecast-2022


MONTREAL, QUEBEC--(Marketwired - May 23, 2017) - Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is pleased to announce the identification of potentially significant improvements to the mineral processing flowsheet for its Strange Lake project. If realized, a concentrate better suited for hydrometallurgical processing with a higher grade of combined Dysprosium (Dy), Terbium (Tb), Praseodymium (Pr), and Neodymium (Nd), could be produced on-site at its proposed Strange Lake, Quebec, mining and milling facilities. Recent geological, mineralogical and textural review and compilation of ongoing work completed by Quest has provided insights that could improve the mineral processing flowsheet as outlined in its technical report entitled "NI 43-101 Technical Report for the Updated Mineral Resource Estimate for the Strange Lake Property, Quebec, Canada" dated March 8, 2017, with an effective date of updated Resource Estimate of February 15, 2017 (the "Technical Report"). By targeting the host rock and textural characteristics of the minerals that predominantly include Dy, Tb, Pr, or Nd, instead of targeting Zirconium (Zr) and Total Rare Earth Elements (TREE), different handling and processing procedures could be utilized to improve the hydrometallurgical processing and Dy, Tb, Pr, and Nd grade of the concentrate. This is an important breakthrough because Dy, Tb, Pr and Nd are critical component metals of permanent magnets and Quest's management team believes that they are likely to make-up the large majority of the potential revenue. As a result it has been decided to incorporate these considerations prior to the completion of the recommended pilot plant work. Once a limited number of comminution and flotation tests are completed, an integrated mini pilot will be undertaken to further define the optimal processing parameters. The pilot plant work will include the extraction of a 20-kilogram flotation concentrate at Corem, Québec City, which will be shipped to Outotec (Frankfurt, Germany) for sulphidation followed by Dy, Tb, Pr, and Nd extraction as separate metals. The pilot plant results will subsequently be used to update the Preliminary Economic Assessment (PEA) for the Strange Lake Project. Completion of this work can begin once sufficient financing has been secured. Updates will be disclosed at each stage. In conjunction with, and to follow up this work, the geological, mineralogical, and textural data relevant to Dy, Tb, Pr, and Nd characterization and distribution within the mineral resource will be undertaken. Analogous to the mineral processing flowsheet, by targeting specifically the host rock and mineral associations of Dy, Tb, Pr, and Nd, instead of Zr and TREE, there could be unrealized differences to the current mineral resource characterization, distribution and classification as outlined in the Technical Report. Upon completion of this work, Quest will then determine the scope of work required to complete the prefeasibility study of the Strange Lake Project and identify potential updates to the mineral resource, if necessary. Dirk Naumann, Quest Rare Minerals President, said, "This is an exciting development. We now have a chance to demonstrate the recovery and extraction potential of the Strange Lake Project and become the first producer of individual Dy, Tb, Pr and Nd metal concentrates in North America." The scaling down to a mini-integrated pilot plant was decided following the notification that a significant financing agreement had been retracted after more than a year of negotiations. As previously disclosed, Quest entered into a Memorandum of Understanding ("MOU") on November 1, 2016, with a corporate investor who expressed interest in investing $ 7.5 million in the Company to enable Quest to complete its full-scale pilot plant project. In addition, the Memorandum of Understanding provided for follow-on investments to fund all or a portion of the additional capital required to complete the Bankable Feasibility Study with respect to the Strange Lake Project. The decision of this large industrial conglomerate with interests in construction, mining and oil not to proceed at this time was based solely on an internal strategic decision of the company regarding its investment priorities and does not reflect upon the technical or economic aspects of the Strange Lake Project. Quest is currently actively pursuing discussions with other organizations to finance the advancement of its Project. Pierre Lortie, Chairman of the Board stated, "We are disappointed with the decision not to follow through with the terms of the Memorandum of Understanding at this juncture in time. We remain convinced that the Quest project is an excellent investment opportunity and, for Canada and Quebec, a chance to become a leading global specialist in the supply of Dy, Tb, Pr and Nd for the rapidly growing permanent magnet industry." Technical information in this news release has been reviewed and approved by Edward Walker, Ph.D., P.Geo., Independent Qualified Persons as the term is defined in National Instrument 43-101. Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)"1 process. This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earths Project's technical and pre-economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earths Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Quest's control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed and the expected recovery rates, together with those described under "Risk Factors" in Quest's annual information form dated January 19, 2017, and under "Risk Factors" in Quest's Management's Discussion and Analysis for the fiscal year ended October 31, 2016, all of which are available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.


News Article | May 25, 2017
Site: www.marketwired.com

HALIFAX, NOVA SCOTIA--(Marketwired - May 25, 2017) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to comment on recent initiatives by the US government to assist in the development of strategic metals mining and separation in the United States. The Consolidated Appropriations Act, 2017 (the "Act") which has been signed into law this month, includes a significant authorization of funds for the processing and acquisition of strategic metals from tailings on US soil, and directly addresses the Bokan project in Southeast Alaska. The Act authorizes budget expenditures for F2017, including USD$5.5 million for the remediation of historic uranium mine waste from the Bokan Mountain site in Alaska, in addition to an allocation of USD$15 million for the extraction of rare earth elements (REE) and minerals from strategic coal tailings sites in the Eastern US. "The US government's dedication of over 20 million dollars in F2017 to projects which are directly aligned with Ucore's Strategic Metals Complex (SMC) facilities and our strategy of tailings processing/monetization, is well timed," said Jim McKenzie, President & CEO of Ucore. "We're pleased that Sen. Joe Manchin, Sen. Lisa Murkowski, and their colleagues have ensured that the development of US based REE resources and the remediation and economic development of resource-rich tailings sites using clean extraction technologies, are high priorities for the U.S. government. Ucore, with its partner IBC Advanced Technologies Inc, is pursuing the application of the SuperLig® metals separation and tailings processing platform in both instances." "In cooperation with Ucore, we now have a suite of REE separation ligands ready for deployment, as well as uranium and thorium ligands which have seen extensive historical testing and use," said Steve Izatt, President of IBC. "Our MRT platform, a US based technology addressing US strategic metals opportunities, is well suited to address domestic tailings operations." The Act approvingly notes the National Forest Service's dedication of $5.5 million in funding for the remediation of historic uranium mining at the Ross-Adams mine site at Bokan Mountain, Alaska. The Ross-Adams mine, which produced high grade uranium ore during the cold war era, remains open at depth, and is 100% controlled by Ucore's Landmark Alaska operating unit. The Bokan project also houses Ucore's Dotson-Ridge REE deposit, the site of an NI 43-101 compliant HREO resource, which is a distinct and spatially removed deposit from the Ross Adams underground mine. (http://ucore.com/projects/bokan-mountain-alaska/43-101) Ucore welcomes the improvements made to the Bokan Mountain site, an important asset which also houses Ucore's Bokan Dotson-Ridge rare earth resource. The Act additionally provides $15 million to the National Energy Technology Laboratory (NETL) for the development and testing of commercially viable separation technologies which can be utilized in the near future to extract REE from the byproducts of coal mining. Ucore has engaged NETL for the prospective application of the SuperLig® REE platform in the coal tailings sector, a resource-rich US asset in West Virginia and other areas of the Northern Appalachians. The ability to acquire and separate REE from above-ground resources at a commercially viable level would be a significant achievement in developing successful alternative supply sources in a Chinese-dominated market. Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies with near term potential for production, growth and scalability. On March 3, 2015, Ucore announced the development of a joint venture with IBC for the deployment of SuperLig® technology for rare earths and multi-metallic tailings processing applications in North America and associated world markets. The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA"). IBC Advanced Technologies, Inc. is an award-winning, green chemical selective separations company based on innovative MRT products. Headquartered in American Fork, Utah, with manufacturing facilities in Utah and Houston, Texas, IBC has supplied industrial, governmental and academic customers worldwide with environmentally friendly products, processes and services for over 27 years. IBC specializes in MRT, utilizing green chemistry to achieve highly selective separations of metal ions in complex matrices. Based on Nobel Prize-winning technology (1987), IBC's proprietary products and processes are used worldwide by premier metals refining and mining companies such as Tanaka Kikinzoku K.K. (Japan), Asarco Grupo Mexico (USA), Impala Platinum Ltd. (South Africa), and Sino Platinum (China). The Japanese Government (Mitsubishi Research, Inc.) recently awarded to IBC a highly competitive subsidy grant, "Demonstration Project for Seawater Purification Technologies", concerning the selective separation of the radionuclides strontium and cesium from contaminated seawater at Fukushima, Japan. IBC's expertise is illustrated by its extensive development and commercialization of separations systems for platinum group metals ("PGM's") at a world level. PGM's are analogous to the rare earth elements, in that they are considered difficult to selectively separate due to their constituent chemical similarities. The Ucore-IBC alliance builds on IBC's proven capabilities to develop, scale-up and commercialize selective separations systems for a number of diverse and complex applications. See www.ibcmrt.com for additional information. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities, research and development timelines, and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes or setbacks, research and develop successes or setbacks, continued availability of financing, and general economic, market or business conditions. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Ucore Rare Metals Inc. is a development-phase mining company focused on establishing rare metal resources and beneficiation technologies with near term potential for production, growth and scalability. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan-Dotson Ridge REE property in Alaska.


NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero" or the "Corporation") is pleased to announce that it intends to complete a non-brokered private placement of up to 20,000,000 special warrants (the "Special Warrants") at a price of $0.025 per Special Warrant (the "Subscription Price") for gross proceeds to the Corporation of up to $500,000 (the "Offering"). Each eight (8) Special Warrants are exercisable into one (1) common share (a "Common Share") if the Consolidation Condition (as herein defined) is satisfied on or before September 30, 2017. The Offering is expected to close on or before May 31, 2017. All amounts represented as "$" are Canadian Dollars. The Offering is being made pursuant to the grant of a "discretionary waiver" of the TSX Venture Exchange's ("TSXV") minimum $0.05 pricing requirement (the "Waiver") and is subject to acceptance by the TSXV. With respect to the Waiver, the Corporation intends to conduct a share consolidation of its outstanding Common Shares on the basis of a minimum of one (1) post-consolidation Common Share for each eight (8) pre-consolidation Common Shares (the "Share Consolidation"), or such other ratio as may be agreed in writing by the Corporation and the subscribers to the Offering (the "Consolidation Condition") which would result in a post-consolidation conversion price equal to or greater than $0.05 per Common Share on or before September 30, 2017 (the "Consolidation Deadline"). If the Consolidation Condition is satisfied on or before the Consolidation Deadline, the Special Warrants shall be deemed to be exercised for no further consideration (without any further action on the part of the Special Warrant holders) at 5:00 p.m. (Toronto time) on the date of the Consolidation Condition. However, if the Consolidation Condition is not satisfied on or before the Consolidation Deadline, the Special Warrants shall be redeemed at the Subscription Price with interest payable at the rate of 10% per annum. Montero intends to use the net proceeds from the Offering for general working capital purposes. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including shareholder approval of the Share Consolidation at the annual and special meeting of shareholders to be held on June 30, 2017 (the "Meeting") and the approval of the TSXV and the securities regulatory authorities. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The Corporation announces that it intends to complete a debt settlement transaction (the "Debt Settlement") with certain creditors ("Creditors"), including Creditors who are related parties of the Corporation, providing for the settlement of approximately $821,436 of its outstanding debts, which will be settled through the issuance of an aggregate of 32,857,440 Special Warrants of the Corporation at a deemed issue price of $0.025 per Special Warrant. The Debt Settlement is subject to regulatory approval. The Corporation expects to complete the Debt Settlement shortly after such approvals are obtained. Certain Creditors who are related parties of the Corporation will participate in the Debt Settlement. Global Mining Services Ltd., a corporation in which Antony Harwood, the President, Chief Executive Officer, and a director of the Corporation has beneficial interests, will settle $64,777 in debt in exchange for 2,591,080 Special Warrants; Criss Cross Inc., a corporation of which Antonia J. Chapman, the CFO, Corporate Secretary, and a director of the Corporation, is a director and 100% beneficial owner, will settle approximately $29,162 in debt in exchange for 1,166,480 Special Warrants. Pursuant to the Debt Settlement, the Corporation will also settle loans in the amount of $537,413 with accrued interest payable in the amount of $108,545, representing an aggregate amount of $645,958. The loans are unsecured, and bear an interest at 12% per annum. Global Mining Services Ltd. will settle $155,969 in debt in exchange for 6,238,760 Special Warrants; Zander Investing Limited, a corporation in which Dr. Harwood has beneficial interests will settle $187,688 in debt in exchange for 7,507,520 Special Warrants; Dr. Harwood will personally settle $5,508 in debt in exchange for 220,320 Special Warrants; and Andrew Thomson, a director of the Corporation will personally settle $20,000 in debt in exchange for 800,000 Special Warrants (Global Mining Services Ltd., Criss Cross Inc., Zander Investing Limited, Mr. Thomson, Ms. Chapman and Dr. Harwood, the "Related Creditors"). The Corporation will also settle $276,793 in debt in exchange for 11,071,720 Special Warrants to a non-related party. The participation in the Debt Settlement by the Related Creditors constitutes a "related party transaction" as such terms are defined by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), requiring the Corporation, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the "related party transaction". The Corporation is relying on an exemption from the formal valuation requirements of MI 61-101 available because no securities of the Corporation are listed on specified markets, including the TSX, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or any stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc. The Corporation is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the Debt Settlement by the Related Creditors does not exceed 25% of the market capitalization of the Corporation, as determined in accordance with MI 61-101. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Montero is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties in Africa. Currently these include phosphates in South Africa and rare earth elements (REE) in Tanzania. Montero has entered into agreement to develop its portfolio of phosphate properties with Ovation Capital in South Africa and remains focused on attracting a strategic investor for the further development of the Wigu Hill Rare Earth Element Project in Tanzania. Montero is reviewing and evaluating other opportunities from its operating base in South Africa. Montero trades on the TSX Venture Exchange under the symbol MON. Neither 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. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to the Debt Settlement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, approval and completion of the Debt Settlement, results of exploration, project development, reclamation and capital costs of Montero's mineral properties, and Montero's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero's activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero's forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


News Article | February 15, 2017
Site: www.marketwired.com

HALIFAX, NOVA SCOTIA--(Marketwired - Feb. 8, 2017) - Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce the completion of the first stage detailed engineering plan for the Platinum Group Metals ("PGM" - rhodium, palladium and platinum) refinery phase of its US Strategic Metals Complex (the "SMC" or the "Plant"). The SMC is a joint venture between Ucore and IBC Advanced Technologies of American Fork, Utah ("IBC") (See Ucore Press Releases dated November 15, 2016 and December 7, 2016). The design has now been satisfactorily reviewed by Mike Schrider, P.E., V.P. of Operations and Engineering of Ucore Rare Metals Inc. "As set out in our recent releases, the detailed engineering work on the Company's U.S. Strategic Metals Complex continues with success," said Jim McKenzie, President and CEO of Ucore. "IBC, in consultation with a European engineering partner (identity withheld under a non-disclosure agreement) has delivered a detailed infrastructural plan for the non-MRT circuits of the PGM refinery. The non-MRT designs have been thoroughly reviewed by our engineering staff in preparation for integration with the MRT SuperLig® separation circuits and within the design of the overall production facility." "The 'Stage A' processing circuits will prepare the PGM-bearing input material for submission to the SuperLig® metal separation process." said Mike Schrider. "The design will accommodate unpurified PGM bearing metal alloys (from third party sourced recycled catalytic converters) as input material to the MRT process, and then transform the high purity rhodium, palladium and platinum concentrate MRT output into high value products such as individual PGM sponge and specialty salts, both in high demand in US markets." The PGM refinery is being specifically designed to receive, process and separate recycled catalytic converter material which has been concentrated to a metal alloy via a plasma arc smelter. The refinery design consists of three distinct processing areas: (i) Pre-MRT post-smelter metal alloy dissolution; (ii) MRT (SuperLig®) PGM metal separations; and (iii) Post-MRT PGM sponge and specialty salt making. The final PGM refinery design allows for an ultimate annual production capacity of 750,000 troy ounces (all Stages complete) comprised of 99.95% Rhodium, 99.98% Palladium and 99.98% Platinum pure sponge material and or specialty salts. The spatial design of the PGM refinery will utilize a 25,600 square foot facility situated on a 3 acre complex. SuperLig® technology is the cornerstone of this advanced zero-waste discharge "green" PGM refinery, based on the principles of Molecular Recognition Technology (MRT). The design of the PGM circuits are a direct beneficiary of Ucore's successful SuperLig®-One Rare Earth Element (REE) pilot plant completed in Utah in 2016, which incorporated automation systems designed by IBC. The PGM refinery is being designed for maximum value automation, adjusting to varying PGM concentration levels contained in the smelted metal alloy. MRT has the potential to reduce processing times, reducing "locked up" inventory values and potentially improving economics relative to traditional PGM refining circuits. The Company is nearing final selection of REE bearing feedstock for the other phase of the SMC, a U.S. based REE separation refinery. Upon finalization of the feedstock selection, similar engineering efforts will commence, also leveraging the work undertaken with the SuperLig®-One rare earth pilot plant (see Ucore Press release dated Sept. 26, 2016). Progress on this critical aspect of the SMC will be detailed in forthcoming announcements. Supply of rare earth elements and China's domination of the sector has been a matter of increasing discussion in U.S. political arenas, with concerns over the propensity of China to leverage a practical monopoly of REE production for military, clean energy and high technology applications. See link: http://www.foxnews.com/opinion/2017/02/03/chinas-secret-trump-card-could-beijing-deprive-our-military-critical-defense-components.html Site(s) selection for the SMC is still under Company review, driven by logistical metrics and the singular principle of providing North America with refined technology metals by providing a security of supply, independent of Chinese sourcing and technology. Michael Schrider, P.E., V.P. of Operations and Engineering of Ucore Rare Metals Inc., has approved the scientific and technical content of this news release and is the Qualified Person responsible for its accuracy under NI 43-101 regulations. Mr. Schrider, holds a B.Sc. degree in engineering from the University of New Orleans and is a Registered Professional Engineer in the State of Louisiana. Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies.The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA"). This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities, research and development timelines, and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes or setbacks, research and develop successes or setbacks, continued availability of financing, and general economic, market or business conditions. MRT is at advanced testing stages and has yet to be proven, at a commercial scale, for the separation of rare earth elements. The Company has not yet released an economic assessment on the use of MRT for the separation of rare earth elements and does not yet have any specific contracts for the processing of rare earths using MRT. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 22, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is pleased to announce that it has held a first closing of its previously-announced private placement by issuing an aggregate of 8,100,000 special warrants ("Special Warrants") to "accredited investors" in Ontario, British Columbia and outside of Canada at a price of $0.20 per Special Warrant, for gross proceeds to Quest of $1,620,000. Quest will use the net proceeds from the private placement for its full-scale pilot plant project and process optimization (part of Quest's Strange Lake Project) and for working capital and general corporate purposes. Each of the Special Warrants may be exchanged for no additional consideration for one Quest common share ("Share") and one Quest common share purchase warrant ("Warrant"). Each of the Warrants will entitle its holder to purchase one Share at a price of $0.275 for a period of three years from the closing date of the private placement. Quest will file a prospectus in those provinces in which Special Warrants were sold in order to qualify for distribution the Shares and Warrants issuable upon the exchange of the Special Warrants. The Special Warrants will be deemed to be exercised without payment of additional consideration or further action on the third business day following the day upon which Quest obtains a receipt for the final prospectus. In the event that Quest does not obtain a receipt for the final prospectus from the applicable Canadian securities authorities by March 24, 2017, each Special Warrant will be exchanged, at no additional cost, for 1.25 Shares and 0.75 Warrants (instead of one Share and one Warrant). In that event, each Warrant will entitle its holder to purchase one Share at a price of $0.275 for a period of four years. Secutor Capital Management Corporation of Toronto acted as lead agent for the private placement. As partial consideration for its services in connection with the private placement, Quest granted "broker warrants" to Secutor Capital Management (on behalf of the selling syndicate) to purchase up to 405,000 Shares, representing 5% of the aggregate number of Special Warrants issued and sold at the first closing of the private placement, at an exercise price of $0.275 per Share for a period of three years. It is possible that additional closings of the private placement will be held. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available. Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)"1 process. This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earths Project's technical and pre-economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earths Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Quest's control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed and the expected recovery rates, together with those described under "Risk Factors" in Quest's annual information form dated January 19, 2017, and under "Risk Factors" in Quest's Management's Discussion and Analysis for the fiscal year ended October 31, 2016, all of which are available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.


News Article | February 22, 2017
Site: marketersmedia.com

ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links: ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links:


News Article | February 22, 2017
Site: www.accesswire.com

ZURICH, SWITZERLAND / ACCESSWIRE / February 22, 2017 / Today, an update on the rare earths market and Commerce Resources Corp. (TSX-V: CCE) has been published. According to John Moody from FoxNews, Republican member of the US House of Representatives, Duncan Hunter, plans to introduce legislation this month to require the US military to obtain rare earth elements ("REEs") that are produced in the US, even if it means subsidizing those industries. More specifically, he said: "This is of critical importance to our national security and ability to stay ahead of everyone else. Rare earth metals are crucial. We've closed down mines in my own state of California, which is the leading edge of stupid. We need to have our own rare earths. The big sticking part of the bill is this. You have to put money in to subsidize our own product to create a market, because now there’s no market. We’ve got to put American manufacturing back in competition." However, as Moody asserts correctly: "The problem is that US production capacity in this area has been allowed to wither to almost nothing, due to plentiful supplies from China that can be produced at a lower price than US made rare earths." Commerce Resources Corp.'s Ashram Rare Earth Project in Québec is firmly in the mainstream of the majority of REE producing mines in the world in that it is a carbonatite hosted project with monazite and bastnaesite as the dominant REE bearing minerals. The importance of this must be stressed in that Commerce is not looking for, nor does it need to find, a new processing technique to concentrate the REEs contained in its Ashram Deposit. The full report can be accessed with the following links:


TORONTO, ONTARIO / ACCESSWIRE / February 15, 2017 / Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold" or the "Company") is pleased to provide a progress update on the initial stage of its Jefferson Gold Project drill program in Chesterfield county, South Carolina, USA. The drill program began in mid-November 2016 (as per Pancon Gold's news release of November 15, 2016). Four pilot holes have been completed to date at Anomaly A, which is partially covered by a veneer of younger sand that limits the availability of surface exposures. The purpose of these pilot holes has been to test structural and lithologic controls on mineralization at depth, and to provide context and guidance for further drilling throughout the first half of 2017. The geology on the Jefferson Gold Project is similar to that hosting the nearby producing Haile gold mine and the adjacent historic Brewer gold mine. Unique to Pancon Gold's Jefferson Gold project is the recognition from current drilling that the mineralization identified consists of Haile-style sediment hosted gold replacement mineralization and altered packages, together with porphyry intrusives that more closely resemble a Brewer-style high sulphidation gold system and related low sulphidation mineralization. Current drilling has also identified surface oxidation to depths of nearly 70 metres (229 feet), which bodes well for the discovery of a bulk tonnage oxidized gold deposit within the current target areas. Pancon Gold's Board and Technical Advisory Committee are encouraged by the degree of alteration and sulphide mineralization observed in the initial Anomaly A pilot holes, and by the presence of significant wide zones of silicification and quartz stockwork. The Company is employing oriented drill core and close-spaced drilling to unravel the structure within a footprint of 300 metres by 200 metres (984 feet by 656 feet). Additional surface anomalies up to a kilometre (0.6 mile) south of Anomaly A have been identified, but are yet to be tested. These anomalies may relate to the Anomaly A trend or a parallel trend, and the Company is conducting surface sampling in this area where possible. Approximately 715 metres (2,345 feet) have been drilled to date, and the current initial stage drill plan calls for completing approximately 1,500 metres (5,000 feet) in total, at which time results will be released. Core samples are being shipped first to ALS Chemex in Arizona for preparation, then to ALS in Vancouver for fire assay gold analysis and four acid digestion 33 multi-element ICP-AES analysis. Standard quality assurance/quality control procedures are followed including blanks, duplicates and standards. Dr. Dennis LaPoint is a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and has approved the technical information contained in this news release. Dr. LaPoint is not independent of Pancon Gold, as he is Vice President of Exploration. Also today, the Pancon Gold Board announced the appointment of Layton Croft as President and CEO of Pancon Gold's wholly-owned subsidiary, Palmetto Mining Corporation. Incorporated in South Carolina, Palmetto Mining has 100% ownership of the Jefferson Gold Project. Mr. Croft is responsible for ensuring successful and cost effective drill programs at the Jefferson Gold Project. He is also responsible for building and maintaining positive, mutually beneficial stakeholder relationships in the Carolinas region to foster stability, expansion and growth over time. He will be working closely with Dr. LaPoint and with Pancon Gold's Technical Advisory Committee. Mr. Croft was appointed Vice President of Corporate Development for Pancon Gold on January 26, 2017. The Jefferson Gold Project is located in the highly mineralized, gold-rich Carolina Mineral Belt, which was home to the first gold rush in the United States, 190 years ago. Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold. Neither 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. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. TORONTO, ONTARIO / ACCESSWIRE / February 15, 2017 / Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold" or the "Company") is pleased to provide a progress update on the initial stage of its Jefferson Gold Project drill program in Chesterfield county, South Carolina, USA. The drill program began in mid-November 2016 (as per Pancon Gold's news release of November 15, 2016). Four pilot holes have been completed to date at Anomaly A, which is partially covered by a veneer of younger sand that limits the availability of surface exposures. The purpose of these pilot holes has been to test structural and lithologic controls on mineralization at depth, and to provide context and guidance for further drilling throughout the first half of 2017. The geology on the Jefferson Gold Project is similar to that hosting the nearby producing Haile gold mine and the adjacent historic Brewer gold mine. Unique to Pancon Gold's Jefferson Gold project is the recognition from current drilling that the mineralization identified consists of Haile-style sediment hosted gold replacement mineralization and altered packages, together with porphyry intrusives that more closely resemble a Brewer-style high sulphidation gold system and related low sulphidation mineralization. Current drilling has also identified surface oxidation to depths of nearly 70 metres (229 feet), which bodes well for the discovery of a bulk tonnage oxidized gold deposit within the current target areas. Pancon Gold's Board and Technical Advisory Committee are encouraged by the degree of alteration and sulphide mineralization observed in the initial Anomaly A pilot holes, and by the presence of significant wide zones of silicification and quartz stockwork. The Company is employing oriented drill core and close-spaced drilling to unravel the structure within a footprint of 300 metres by 200 metres (984 feet by 656 feet). Additional surface anomalies up to a kilometre (0.6 mile) south of Anomaly A have been identified, but are yet to be tested. These anomalies may relate to the Anomaly A trend or a parallel trend, and the Company is conducting surface sampling in this area where possible. Approximately 715 metres (2,345 feet) have been drilled to date, and the current initial stage drill plan calls for completing approximately 1,500 metres (5,000 feet) in total, at which time results will be released. Core samples are being shipped first to ALS Chemex in Arizona for preparation, then to ALS in Vancouver for fire assay gold analysis and four acid digestion 33 multi-element ICP-AES analysis. Standard quality assurance/quality control procedures are followed including blanks, duplicates and standards. Dr. Dennis LaPoint is a qualified person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects," and has approved the technical information contained in this news release. Dr. LaPoint is not independent of Pancon Gold, as he is Vice President of Exploration. Also today, the Pancon Gold Board announced the appointment of Layton Croft as President and CEO of Pancon Gold's wholly-owned subsidiary, Palmetto Mining Corporation. Incorporated in South Carolina, Palmetto Mining has 100% ownership of the Jefferson Gold Project. Mr. Croft is responsible for ensuring successful and cost effective drill programs at the Jefferson Gold Project. He is also responsible for building and maintaining positive, mutually beneficial stakeholder relationships in the Carolinas region to foster stability, expansion and growth over time. He will be working closely with Dr. LaPoint and with Pancon Gold's Technical Advisory Committee. Mr. Croft was appointed Vice President of Corporate Development for Pancon Gold on January 26, 2017. The Jefferson Gold Project is located in the highly mineralized, gold-rich Carolina Mineral Belt, which was home to the first gold rush in the United States, 190 years ago. Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production. ON BEHALF OF THE BOARD OF DIRECTORS For further information, please contact: For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold. Neither 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. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.


News Article | March 2, 2017
Site: marketersmedia.com

ELKO, NV / ACCESSWIRE / March 2, 2017 / Lithium Corporation (OTCQB: LTUM) "the Company" is pleased to announce that it has signed a Letter of Intent (LOI) with Bormal Resources Inc., a private British Columbia company with respect to three Tantalum-Niobium properties in British Columbia. Lithium Corporation is to earn a 100% interest in the Properties by furnishing to the Optionor: 1,000,000 common shares @ signing of a formal agreement 750,000 common shares @ 1st anniversary of the formal agreement In consideration of the above, Lithium Corporation will earn a full 100% interest in the properties, subject to two separate 1% Net Smelter Royalties (NSR's) that may be purchased at anytime for $500,000 each. The Michael property in the Trail Creek Mining Division was originally staked to cover one of the most compelling tantalum (Ta) in stream sediment anomalies, as seen in the government RGS database in British Columbia. Bormal conducted a stream sediment sampling program in 2014 and determined that the tantalum-niobium in stream sediment anomaly here is bona fide, and in the order of 6 kilometers in length. Tantalum in stream sediments values in the Bormal program ranged from 4.8 ppm outside of the anomaly to 31.2 ppm within the anomaly, while niobium ranged from 101.57 ppm to a high of 490.21 ppm. The values for Ta within the anomaly for the most part rank in the 98th percentile for the values obtained in the RGS surveys, and the absolute high value from the Bormal survey ranks as the 17th strongest response relative to the RGS database, which contains over 53,000 samples. In November of 2016, Lithium Corporation conducted a short soil geochemistry orientation program on the property as part of its due diligence, and determined that there are elevated levels of Niobium-Tantalum in soils here. Also in the general area of the Michael property the Yeehaw property has been staked over a similar but lower amplitude Tantalum/REE in stream sediment anomaly. Both properties are situated in the Eocene Coryell Batholith, and it is thought that these anomalies may arise from either Carbonatite or Pegmatite type deposits. The third property - Three Valley Gap, is in the Revelstoke Mining Division and is situated in a locale where several Nb-Ta enriched carbonatites have been noted to occur, and where sampling by the BCGS in the 1980's returned Tantalum values as high as 100 ppm Ta. A brief field program by Bormal in 2015 located one of these carbonatites, and concurrent soil sampling determined that the soils here are enriched with Nb-Ta over the known carbonatite, and indicated that there are other geochemical anomalies locally that may indicate that more carbonatites exist here and are shallowly buried. Tantalum has a number of applications, with the bulk of production being allocated for the manufacture of electronic capacitors. It also is becoming increasingly utilized in alloys where its high reliability characteristics and low failure rates make it indispensible for aerospace applications. Some other uses are; medical implants due to it being chemically inert, light weight - high resolution glass lenses; and it can be found in almost all popular hand held and stationary electronic devices in use today. There have been several electric vehicle manufacturers that have experimented with the inclusion of a large capacitor in their vehicles for those times when rapid acceleration or extra power is desired. The capacitor decreases the need for larger batteries for these sporadic periods of greater power output. Very little of North America's demand for tantalum is met from mines on the continent, so it is conceivable that any new deposit that proves to be economically feasible may find a ready domestic market for its output. For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com. Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation storage markets. This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. ELKO, NV / ACCESSWIRE / March 2, 2017 / Lithium Corporation (OTCQB: LTUM) "the Company" is pleased to announce that it has signed a Letter of Intent (LOI) with Bormal Resources Inc., a private British Columbia company with respect to three Tantalum-Niobium properties in British Columbia. Lithium Corporation is to earn a 100% interest in the Properties by furnishing to the Optionor: 1,000,000 common shares @ signing of a formal agreement 750,000 common shares @ 1st anniversary of the formal agreement In consideration of the above, Lithium Corporation will earn a full 100% interest in the properties, subject to two separate 1% Net Smelter Royalties (NSR's) that may be purchased at anytime for $500,000 each. The Michael property in the Trail Creek Mining Division was originally staked to cover one of the most compelling tantalum (Ta) in stream sediment anomalies, as seen in the government RGS database in British Columbia. Bormal conducted a stream sediment sampling program in 2014 and determined that the tantalum-niobium in stream sediment anomaly here is bona fide, and in the order of 6 kilometers in length. Tantalum in stream sediments values in the Bormal program ranged from 4.8 ppm outside of the anomaly to 31.2 ppm within the anomaly, while niobium ranged from 101.57 ppm to a high of 490.21 ppm. The values for Ta within the anomaly for the most part rank in the 98th percentile for the values obtained in the RGS surveys, and the absolute high value from the Bormal survey ranks as the 17th strongest response relative to the RGS database, which contains over 53,000 samples. In November of 2016, Lithium Corporation conducted a short soil geochemistry orientation program on the property as part of its due diligence, and determined that there are elevated levels of Niobium-Tantalum in soils here. Also in the general area of the Michael property the Yeehaw property has been staked over a similar but lower amplitude Tantalum/REE in stream sediment anomaly. Both properties are situated in the Eocene Coryell Batholith, and it is thought that these anomalies may arise from either Carbonatite or Pegmatite type deposits. The third property - Three Valley Gap, is in the Revelstoke Mining Division and is situated in a locale where several Nb-Ta enriched carbonatites have been noted to occur, and where sampling by the BCGS in the 1980's returned Tantalum values as high as 100 ppm Ta. A brief field program by Bormal in 2015 located one of these carbonatites, and concurrent soil sampling determined that the soils here are enriched with Nb-Ta over the known carbonatite, and indicated that there are other geochemical anomalies locally that may indicate that more carbonatites exist here and are shallowly buried. Tantalum has a number of applications, with the bulk of production being allocated for the manufacture of electronic capacitors. It also is becoming increasingly utilized in alloys where its high reliability characteristics and low failure rates make it indispensible for aerospace applications. Some other uses are; medical implants due to it being chemically inert, light weight - high resolution glass lenses; and it can be found in almost all popular hand held and stationary electronic devices in use today. There have been several electric vehicle manufacturers that have experimented with the inclusion of a large capacitor in their vehicles for those times when rapid acceleration or extra power is desired. The capacitor decreases the need for larger batteries for these sporadic periods of greater power output. Very little of North America's demand for tantalum is met from mines on the continent, so it is conceivable that any new deposit that proves to be economically feasible may find a ready domestic market for its output. For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com. Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation storage markets. This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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