Livent and General Motors Co. announced today a significant multi-year sourcing agreement in which Livent will supply GM with battery-grade lithium hydroxide made primarily from lithium extracted at Livent's brine-based operations in South America . Lithium hydroxide is crucial to GM's plans to make higher performance, higher mileage EVs. The lithium hydroxide from Livent will be used in GM's Ultium battery cathodes, which will power electric vehicles such as the recently revealed Chevrolet Blazer EV, Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.
Livent will provide battery-grade lithium hydroxide to GM over a six-year period beginning in 2025. Over the course of the agreement, Livent will increasingly supply battery-grade lithium hydroxide to GM from its manufacturing facilities in the U.S., with the goal of transitioning 100% of Livent's downstream lithium hydroxide processing for GM to North America. The agreement is expected to help secure supply for GM while assisting Livent in expanding its North American capabilities.
Both GM and Livent share a commitment to responsible operations and sustainable supply chains through industry and multi-stakeholder platforms. General Motors is a member of the Responsible Minerals Initiative (RMI), joined the Initiative for Responsible Mining Assurance (IRMA) in 2021 and plans to become carbon neutral in global products and operations by 2040. Livent is actively engaged in an IRMA third-party assessment, has a gold rating from EcoVadis for sustainability and has announced a goal of overall carbon neutrality by 2040.
"We are building a strong, sustainable, scalable and secure supply chain to help meet our fast-growing EV production needs," said Jeff Morrison , GM vice president, Global Purchasing and Supply Chain. "We will further localize the lithium supply chain in North America over the course of the agreement. In addition, it is aligned with our approach to responsible sourcing and supply chain management and demonstrates our commitment to strong supplier relationships."
"Importantly, GM now has contractual commitments secured with strategic partners for all battery raw material to support our goal of 1 million units of EV capacity by the end of 2025," added Morrison.
Paul Graves , president and chief executive officer of Livent commented, "We are excited to begin this long-term relationship with GM, one of the most iconic brands in the automotive industry and a leading force in the transition to electrification. With a shared commitment to sustainability and responsible operations, we look forward to building a broad partnership that will support GM's electric vehicle strategy, its supply chain goals and the future requirements of its growing EV fleet for reliable, high-performance lithium products."
GM will discuss the agreement as part of its earnings call later this morning, and Livent will do the same as part of its upcoming second quarter 2022 earnings call on August 2 .
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac , Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar , a global leader in vehicle safety and security services, can be found at https://www.gm.com .
Livent (NYSE: LTHM) is a fully integrated lithium company with a rich heritage of innovation and a long, proven history of producing performance lithium compounds. For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. For more information, visit Livent.com .
CONTACTS: David Barnas GM Communications 248-918-8946 david.barnas@gm.com
Juan Carlos Cruz Livent Communications 215-299-6725 juan.carlos.cruz@livent.com
Daniel Rosen Livent Investor Relations 215-299-6208 daniel.rosen@livent.com
Livent Forward-Looking Statements Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "will continue to," "will likely result," "is on track," "should," "expect," "expects," "intends," "plans," "anticipates," "believe," "believes," "estimates," "predicts," "potential," "continue," "could," "forecast," "future," "is confident that," "plans," or "projects," the negative of these terms and other comparable terminology. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within Livent's 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications. Livent cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. Livent undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
The Company's investor relations website, located at https://ir.livent.com , should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with federal securities laws.
General Motors Cautionary Note on Forward-Looking Statements : This press release and related comments by management may include "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgement about possible future events and are often identified by words such as "aim," "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
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E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading lithium extraction technology innovator, today announced it has strengthened its technical team with the addition of Dr. Munish Sharma as Senior Engineer, Lithium Process.
Dr. Sharma is a chemical engineer with significant R&D and product commercialization experience. He obtained his MS and PhD in chemical engineering from State University of New York at Buffalo in 2013. He brings solid experience in material development at bench and pilot scale, including mixed metal oxides for use in adsorbent and catalyst development for oil and gas refining and lithium battery development as well as operating pilot and field demonstrations. He has driven projects from concept to commercialization at UOP Honeywell where he worked as a Senior R&D Engineer.
Dr. Sharma also brings three years of research experience in the development of novel bimetallic cathodes for lithium batteries where he led projects on battery engineering and testing, lithium battery degradation mechanisms and electrochemical mechanism elucidation. His master's thesis research title was "Electrochemistry of silver vanadium oxyphosphate (SVOP) cathodes for Li-ion batteries". To his credit, Munish has two U.S. patents and 11 research articles published in the leading journals.
121 Mining Investment Online Americas E3 Metals will participate in the upcoming 121 Mining Investment Online Americas conference to be held October 28-30, 2020 . Chris Doornbos , the President and Chief Executive Officer of E3 Metals Corp, will be attending the conference virtually, which connects mining executives with institutional funds, family offices and sector analysts for one on one meetings.
For more information on the 121 Mining Investment Online Americas conference visit https://www.weare121.com/121mininginvestment-new-york/ .
E3 Metals is a lithium development company with 6.7 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources 1 in Alberta . E3 Metals is currently advancing its proprietary direct lithium extraction (DLE) process in partnership with Livent Corporation (NYSE: LTHM), a global leader in lithium production, under a joint development agreement. Through the successful scale up its DLE process towards commercialization, E3 Metals' goal is to produce high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada. For more information about E3 Metals, visit www.e3metalscorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos , President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 METALS CORP., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1. E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017 , and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017 , identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018 , effective June 4, 2018 . All reports are available on SEDAR ( www.sedar.com ).
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.
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E3 Metals Corp. (TSXV:ETMC, FSE: OU7A, OTC:EEMMF) (The “Company” or “E3 Metals”) is pleased to provide an update on its proprietary Direct Lithium Extraction Process (“DLE Process”) that is being advanced in collaboration with Livent Corporation (NYSE: LTHM) (“Livent”).
Figure 1: Lithium Recovery (%) Vs Reaction Time (min)
Through the continued development of E3 Metals’ proprietary Ion Exchange DLE Process, the Company is excited to outline the rapid reaction kinetics on the recovery of lithium from Alberta brine. Using brine collected from E3’s Leduc Reservoir in Alberta this past November, 2019 (see News Release Here), the technical team has successfully achieved reaction times from lab-based test work that demonstrated over 90% recover in less than 10 minutes, as opposed to hours. This is a critical achievement as the Company moves towards piloting. Faster reaction times while achieving high recoveries results in reduced retention time of brine in the processing equipment.
Lab testing has demonstrated that lithium recovery of 92% is achieved in under 10 minutes from Alberta brines (Figure 1), drastically reducing the time required to complete each cycle of lithium extraction. With the achievement of these fast reaction kinetics, the Company anticipates increased efficiencies due to accelerated lab testing. In 2020, E3 Metals will continue its joint development with Livent to optimize its proprietary Ion Exchange DLE Process for lithium extraction from Alberta brine.
“These results demonstrate the efficiency that can be obtained from the optimization of E3’s proprietary Ion Exchange Direct Lithium Extraction Process in collaboration with Livent,” Chris Doornbos, E3 Metals’ CEO commented, “This is really just the beginning of the work we are conducting together, and we anticipate further improvements as we progress towards our goal of piloting our technology in Alberta.”
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. E3 Metals is currently advancing its proprietary Ion Exchange Direct Lithium Extraction Process (DLE Process) in partnership with Livent Corporation under a Joint Development Agreement. Livent is the world’s largest pure-play lithium producer, well-known for being one of the lowest cost producers of lithium carbonate. With facilities across the globe, Livent holds technical expertise in the extraction and production of various lithium products. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
Through the successful scale up its DLE Process towards commercialization, E3 Metals plans to quickly move towards the production of high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through an extensive existing oil and gas infrastructure and development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR (www.sedar.com)
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.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
E3 Metals Corp. (TSXV:ETMC, FSE:OU7A, OTC:EEMMF) (the “Company” or “E3 Metals”) is pleased to provide an update on its 2020 plans and ongoing activities to advance E3 Metals’ proprietary Ion-Exchange Direct Lithium Extraction (DLE) process.
Figure 1: E3’s Large volume brine samples. Testing will use natural brine from the Leduc Formation in Alberta, Canada, collected in November 2019.
Following the announcement of the Joint Development Agreement between E3 Metals Corp and Livent Corporation (NYSE: LTHM) — see news release dated September 18, 2019 — the combined technical team is actively working on the Ion Exchange (IX) Project (the “Project”). The Project aims to test the commercial readiness of the DLE ion exchange sorbent to produce a high purity lithium concentrate from the Company’s Alberta brine. The Project test work involves a comprehensive program focused on optimizing the performance of E3’s DLE process through the refinement of all process steps, operating conditions and materials. Once the objectives and milestones of the planned testing are met, our focus will shift towards the Pilot Plant Project to test the IX Process and evaluate the production of concentrate at a larger scale. All brine tested for this program is sourced directly from the Leduc Reservoir (Figure 1).
In 2020, E3 Metals is also planning to conduct well testing, which will include brine sampling reservoir pressure testing. Our testing activities will focus on improving the reservoir model, collecting information about lithium concentrations outside of oil and gas accumulations and updating the brine delivery plan in E3’s resource area.
“I’m very pleased with the progression of E3’s work to finalize the material development portion of the project in collaboration with Livent this year,” commented E3’s CEO, Chris Doornbos. “The development work on E3’s proprietary DLE process is being advanced on multiple fronts, by both Livent and our team, including GreenCentre Canada. We are very encouraged by the pace with which the project is moving.”
To provide more details on the Company’s plans for 2020, the Company is pleased to announce a live Corporate Overview Webinar with Chris Doornbos, President & CEO on Tuesday, January 21 at 2 p.m. ET. Chris Doornbos will be going through the Company’s updated investor presentation, providing an in-depth overview of the Company’s current activities and upcoming milestones. Management will be available to answer questions following the presentation on the webinar platform via live Q&A.
Webinar Details Date: Tuesday, January 21st Time: 2:00pm ET (11:00am PT) Register: https://attendee.gotowebinar.com/register/8008133915045001483
Management will be available to answer questions following the presentation. To ask a question, please login to the GoToWebinar platform or email your question(s) beforehand to investor@e3metalscorp.com.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. E3 Metals is currently advancing its proprietary Ion Exchange Direct Lithium Extraction (DLE) process in partnership with Livent Corporation under a Joint Development Agreement. Livent is the world’s largest pure-play lithium producer, well-known for being one of the lowest cost producers of lithium carbonate. With facilities across the globe, Livent holds technical expertise in the extraction and production of various lithium products. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
Through the successful scale up its DLE process towards commercialization, E3 Metals plans to quickly move towards the production of high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through an extensive existing oil and gas infrastructure and development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR (www.sedar.com)
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.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) has launched its campaign on the Investing News Network’s resource channel.
Piedmont Lithium is a resource exploration and development company focused on developing domestic sources of lithium for the emerging US electric vehicle market. The company’s flagship lithium project is located in North Carolina, proving easy access to America’s “auto alley”. The Carolina Tin-Spodumene Belt (TSB) is home to the Kings Mountain district which is regarded as one of the three largest lithium-bearing pegmatite deposits in the world, attracting major mining companies including Livent Corporation (NYSE:LTHM) and Albemarle Corporation (NYSE:ALB).
North Carolina has a wealth of mining infrastructure including access to power, research and development centers and downstream lithium processing facilities that are expected to enable efficient operations moving forward. Piedmont Lithium’s 2019 scoping study for its North Carolina project included a mine and concentrator capable of producing 160,000 tonnes of spodumene concentrate per year and a steady-state 22,700 tonne per day lithium hydroxide chemical plant. Piedmont is on track to deliver a pre-feasibility study in Q2 2020.
Piedmont Lithium’s company highlights include the following:
Click here to connect with Piedmont Lithium Limited (ASX:PLL,NASDAQ:PLL) and to request an Investor Presentation.
E3 Metals Corp. (TSXV:ETMC, FSE:OU7A, OTC:EEMMF) (the “Company” or “E3” or “E3 Metals”) is pleased to announce that Livent Corporation (NYSE: LTHM) has contributed the initial US $1.5 million dollars in relation to the Joint Development Agreement (the “Agreement”). This initial contribution marks the commencement of the Joint Development Project with Livent for the technical advancement of E3 Metals’ proprietary on exchange Direct Lithium Extraction (DLE) Process. The ultimate goal of the Agreement is to develop a process to produce battery quality lithium products from the lithium enriched brines located in the Leduc Formation in Alberta.
Livent will contribute up to US $5.5 million to the Joint Development Project. On satisfaction of the full US $5.5 millionin funding and completion of the Joint Development Project, for a period of 90 days, Livent will have the option to convert its US $5.5 million investment into 6,229,368 common shares in the capital of E3, representing 19.9% equity ownership of E3 based on the current share structure (the “Conversion”). Should Livent elect to proceed with the Conversion, Livent can appoint one member to E3’s Board of Directors, provided Livent maintains not less than a 5% equity interest in the Company. Under the Agreement, should Livent not provide the entire US $5.5 million, then: i), Livent is not entitled to the Conversion; ii) E3 has no obligation to return any funds contributed by Livent; iii) all E3 IP and jointly developed new IP (other than improvements to Livent IP) will revert to E3. Livent has also been granted additional limited anti-dilution rights.
“We are thrilled to be working with Livent to advance our proprietary process and the Alberta Lithium Project,” said Chris Doornbos, President and CEO of E3 Metals. “We believe this collaboration will accelerate the advancement of the innovative technology we have developed to date. The Joint Development Project demonstrates E3’s commitment to the commercialization of lithium in Alberta.”
In conjunction with the initial funding by Livent of the jointly owned and newly incorporated joint development company, and in accordance with the terms of its Financial Advisory Agreement with Hampson Equities Inc. (“HEL”), E3 has agreed to pay HEL a cash fee of CAD$119,610 (being 6% of the US$1.5 million contribution) and issue HEL 109,935 warrants (the “Warrants”), each Warrant being exercisable into a common share of E3 at a price of CA $1.17 per share for a period of 2 years from the date of issuance. The $1.17 conversion price for the Warrants is based on an implied share price valuation that assumes an investment of US $5.5 million using the current USD/CAD exchange rate and the issuance of 6,229,368 shares. Notwithstanding the foregoing, E3 Metals makes no representations as to the current trading price of its shares in the public market or whether the entire US $5.5 million investment will be made.
For more than six decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visit Livent.com.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. Through the scale up of its proprietary ion exchange direct lithium extraction process, E3 plans to quickly move towards the production of high purity, battery grade, lithium products.
E3 Metals combines a significant resource and innovative technology solutions that have the potential to deliver lithium to market in one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through extensive oil and gas development. For more information about E3 Metals, visit www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO E3 METALS CORP.
Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed on June 15th 2018, effective June 4th 2018. All reports are available on SEDAR (www.sedar.com)
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.
This news release includes certain forward-looking statements concerning the potential of the Company’s projects and technology, as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with E3 Metals Corp. (TSXV:ETMC, FWB:OU7A, OTC:EEMMF) for an Investor Presentation.
Funds to progress and accelerate the development of the Maricunga brine project in Chile
Lithium Power International (ASX: LPI) (“Lithium Power” or “the Company”) is pleased to announce that it has received binding commitments from institutional, sophisticated and professional investors to raise A$25 million (before costs) through a single tranche placement (“Placement”). The Placement will see the Company issue approximately 41,666,667 new fully paid ordinary shares at an issue price of A$0.60 per share (“New Shares”).
Commenting on the successful capital raising, Lithium Power’s CEO & Managing Director, Cristobal Garcia-Huidobro, stated:
“The result of the capital raise is an outstanding endorsement of Lithium Power’s ambition to rapidly advance the significant Maricunga lithium asset and capitalise on the rapid global shift towards the electrification of transport and infrastructure.
Investing in green technologies is essential to ensuring the battery revolution and the delivery of clean, green energy that the world is eagerly awaiting.
The funds raised will allow Lithium Power to progress the development and accelerate the expansion of the Maricunga project, as well as general working capital purposes.
On behalf of the Company, I would like to warmly welcome new shareholders and thank existing shareholders for their ongoing support.”
Funds raised via the Placement will primarily be used to progress with the development and expand and accelerate the Maricunga project. Specifically, funds will be applied to the operational and pre-construction costs for the 100% consolidated Maricunga project and the increased operational compliance costs associated with the acquisition of the ownership of the Chilean and Canadian joint venture partners in Maricunga project.
New Shares issued in the Placement will be issued at a price of A$0.60 per share, which represents a:
The Placement will take place in a single tranche pursuant to the Company’s available Placement capacity under the ASX Listing Rules (34,110,679 shares under 7.1A and 7,555,988 shares under 7.1). New Shares will rank equally with the Company’s existing fully paid ordinary shares on issue.
Settlement of the Placement is expected to occur on 15 September 2022.
Canaccord Genuity (Australia) Limited acted as Lead Manager and Bookrunner to the Placement.
Click here for the full ASX Release
This article includes content from Lithium Power International, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Click here to read the previous top battery metals stocks article.
2022 has been a breakout year for many battery metals due to the ever-strengthening electric vehicle market, a topic covered in our electric vehicle market update for the second quarter.
For those who want to get more specific, our Q2 updates on lithium, cobalt and nickel and our H1 update on graphite outline how these commodities have performed so far this year.
Companies focused on these resources are in the limelight, and many are seeing strong year-to-date gains, and below the Investing News Network has gathered the top battery metals stocks on the TSX and TSXV with year-to-date gains, including lithium, cobalt and graphite, with a special mention to nickel.
Only stocks with market caps above C$10 million are included. All data was obtained via TradingView’s stock screener on August 24, 2022, for lithium companies, August 18, 2022, for nickel companies and August 8, 2022, for cobalt companies. No graphite companies on the TSX and TSXV were up year-to-date at the time data was collected. Read on to learn more about the top battery metals stocks of 2022.
Year-to-date gain: 242.86 percent; market capitalization: C$17.06 million; current share price: C$0.24
Nevada Sunrise Gold may have gold in its name, but 2022 has been all about lithium. The explorer wholly owns two lithium projects, the Gemini and Jackson Wash assets, which are located in the Lida Valley basin in Nevada.
According to Nevada Sunrise, the Lida Valley basin shares similar geography to the nearby Clayton Valley basin, where Albemarle’s (NYSE:ALB) Silver Peak lithium mine is located. In addition to its lithium properties, the company owns 100 percent of the Coronado VMS project, 20 percent of the Kinsley Mountain gold project and 15 percent of both the Treasure Box copper project and the Lovelock Mine cobalt project.
In the first quarter, Nevada Sunrise Gold’s share price saw little movement, even as it commenced exploration at Gemini. It wasn’t until the company shared its first drill results on April 18 that its share price broke above C$0.10, jumping from C$0.08 to C$0.14 overnight. Further exploration results at the project, including 1,101 parts per million lithium over 730 feet, continued to drive its share price higher.
After rising through May and early June, the company’s share price hit a year-to-date high of C$0.36 on June 10 off the back of June 6 exploration results showing 327.7 milligrams of lithium per liter of water over 220 feet, as well as private placement news. On July 11, the company shared preliminary results from a May time-domain electromagnetic survey. In late July, Nevada Sunrise received an exploration permit for Gemini that amended the number of boreholes to 12, and in mid-August the company announced that it had engaged the drillers for the exploration program. The Phase 2 drill program will begin in September.
Year-to-date gain: 148.78 percent; market capitalization: C$3.05 billion; current share price: C$32.34
In Minas Gerais, Brazil, Sigma Lithium has its Grota do Cirilo hard-rock lithium project, at which it is currently constructing its Phase 1 operations with expected commissioning by year-end 2022. Sigma anticipates Phase I production of 270,000 metric tons (MT) annually. Additionally, Sigma is constructing its greentech dense media separation production plant, which will make its operations vertically integrated. The company has been recognized by the Bank of America (NYSE:BAC) as part of its “Top 50 Stocks for 10 Scarcity Themes.”
On May 26, Sigma filed a consolidated technical report that looks at two initial production phases for Grota do Cirilo. The integrated operation would source feedstock spodumene ore from the company's Phase 1 and Phase 2 lithium deposits to produce battery-grade, high-purity lithium concentrate. The company pegs the after-tax net production revenue at US$5.1 billion and the after-tax internal rate of return at 589 percent, and states that this expansion scenario "will potentially position (it) as the world’s fourth largest lithium producer." Sigma's share price spiked to its highest point for the first half of the year on May 27, reaching a level of US$18.30.
Most recently, Sigma shared an update on its “transformative” Q2, mentioning the previously announced news that it has increased the resource at Grota do Cirilo by 50 percent; a Phase 3 technical report has now been filed. Additionally, as of the announcement, total construction progress at the project stood at 32 percent. Sigma’s share price climbed through July and August, and after a small drop reached a year-to-date high of US$25 on August 24.
Year-to-date gain: 80 percent; market capitalization: C$18.42 million; current share price: C$0.09
Jourdan Resources is focused on acquiring, exploring and developing hard-rock spodumene lithium projects in Quebec, Canada. Its current projects are the Vallée lithium, Baillarge lithium-molybdenum and Preissac-La Corne lithium projects. According to the company, it has the largest lithium exploration portfolio in Quebec.
Jourdan Resources’ share price saw a spike to start the year — hitting a year-to-date high of C$0.095 — but then fell and performed relatively flatly for much of the first half of the year, staying mostly around C$0.05 to C$0.06. The company’s share price began to rise again in June, during which time it shared exploration results at Vallée, including a highlight of 3.2 meters at 1.56 percent Li2O. Its share price hit C$0.085 in June and again in July.
In July and August, Jourdan continued to release exploration news at its various projects. On July 7, it shared its latest exploration results at Vallée. Later in the month, the company began a soil sampling program at the Preissac-La Corne and Baillarge projects. In the release, CEO Rene Bharti shared the company’s goals moving forward, saying, “Jourdan is pleased to begin exploration on its other significant properties. The Company is keenly focused on establishing an initial mineral resource estimate at Vallée in the near term and commencing a drill program in the near future at its other two properties, Baillargé and Preissac-La Corne.”
Most recently, Jourdan began drilling at Vallée for its Phase 3 summer drilling program. Just days before that news was released, its share price matched its previous high of C$0.095.
Year-to-date gain: 39.13 percent; market capitalization: C$261.57 million; current share price: C$0.48
UEX is a uranium-focused company exploring its Christie Lake project in Saskatchewan’s Athabasca Basin. However, the company's second project is the West Bear cobalt-nickel project in the same jurisdiction, which UEX is exploring through its 100 percent owned subsidiary CoEX Metals.
While the Athabasca Basin is famous for its uranium reserves, according to UEX, it was the first company to discover the basin’s cobalt and nickel potential. In fact, West Bear is the only primary cobalt deposit in Canada. The company also owns two other cobalt exploration projects, the Axis Lake and Key West projects.
In March and much of April, the company performed strongly, mostly holding above C$0.40, including a year-to-date high of C$0.43 on March 22. Although it fell in May, UEX spiked again following significant news for the company in early June, when a proposed acquisition of UEX by Uranium Energy (NYSEAMERICAN:UEC) was announced.
After the deal was revealed, a back-and-forth ensued between Uranium Energy and Denison Mines (TSX:DML,NYSEAMERICAN:DNN), which was also interested in acquiring UEX. Ultimately Uranium Energy was successful, closing its purchase of UEX on August 22, not long after data for this article was gathered.
On August 8, UEX updated the technical report for its West Bear cobalt-nickel project. The new estimate shows indicated reserves of 295,000 MT containing 3.763 million pounds of cobalt at an average grade of 0.58 percent cobalt, and 3.164 million pounds of nickel at an average grade of 0.49 percent nickel.
Year-to-date gain: 11.54 percent; market capitalization: C$176.79 million; current share price: C$0.435
Sherritt International is a miner, producer and refiner of high-purity nickel and cobalt. While nickel is its primary focus, it is still a significant producer of cobalt, and believes both metals are essential to the electric vehicle revolution.
The company operates a mine in Cuba, as well as a refinery in Alberta, Canada, both of which are part of its 50/50 Moa joint venture with Cuba’s General Nickel Company. The vertically integrated joint venture has a capacity of 35,000 MT of nickel and 3,800 MT of cobalt produced per year.
In February, Sherritt released its 2021 production results and 2022 guidance. The company expects to see cobalt production in 2022 in line with its 2021 numbers, and has set guidance of 3,400 to 3,700 MT compared to 2021’s production of 3,526 MT. On March 1, the company announced the appointment of decarbonization expert Chih-Ting Lo to its board of directors, and also named Maryse Bélanger as deputy chair. The focus of these changes is to strengthen Sherritt's commitment to environmental, social and governance matters.
As it’s a nickel-primary company, Sherritt’s share price has seen movement that reflects nickel hitting an all-time-high. Shares shot up to reach a high of C$0.82 on March 10, and have largely stayed elevated since then. On May 11, the company shared its Q1 results, including its portion of finished cobalt production at Moa of 396 MT.
Year-to-date gain: 4.88 percent; market capitalization: C$16.58 million; current share price: C$0.215
Exploration company DLP Resources is focused on base metals and cobalt projects in Southeast BC. It has two wholly owned cobalt projects, the Hungry Creek copper-cobalt-silver project and the Redburn Creek copper-cobalt project.
DLP Resources started the year by appointing a new CEO, the company’s president Ian Gendall. Gendall retained the president position, and the previous CEO, Jim Stypula, became executive chairman. Much of the company’s 2022 exploration has been focused on its non-cobalt projects. However, on July 28, DLP Resources announced the commencement of drilling at Hungry Creek, with 1,800 meters over six holes currently planned.
As of the time of publication, no graphite stocks were up year to date.
Year-to-date gain: 50 percent; market capitalization: C$46.81 million; current share price: C$0.39
Garibaldi Resources is an explorer focused on its high-grade Nickel Mountain project in BC, Canada. According to the company, it discovered Northwest BC’s first magmatic nickel massive sulfide, which is within the E&L intrusion at Nickel Mountain. The discovery contains seven metals, including nickel, copper and cobalt. Exploration highlights include 8.3 percent nickel, 4.3 percent copper and 0.19 percent cobalt over 16.75 meters.
Garibaldi released results from a 2021 ZTEM survey at Nickel Mountain on March 31. According to the release, “the large ZTEM response beneath E&L greatly expands the potential for further discovery beneath and around E&L.” In the week following this news, company shares jumped to a year-to-date high of C$0.63 on April 4. Since then, the company has released follow-up information about the ZTEM results, including the identification of a new pipe-like target, and has announced the purchase of an additional mineral tenure that is contiguous with its Red Lion project.
On May 13, Garibaldi announced that exploration at the Casper quartz gold vein discovery showed 30 grams per MT gold, after which the company saw a small share price spike. At the end of July, the company closed its non-brokered private placement financing after accruing C$2.29 million, which it says will be used to explore its base metals projects. Two days later, Garibaldi announced it was commencing its diamond drill exploration program at the E&L project. It will test the targets that the 2021 ZTEM survey identified.
Year-to-date gain: 23.81 percent; market capitalization: C$15.26 million; current share price: C$0.13
Grid Metals is a nickel explorer and developer working out of Canada’s Manitoba and Ontario provinces. The company holds a portfolio of five projects that all tie into its goal of targeting the battery metals industry. Grid’s flagship project is its Makwa Mayville nickel-copper project, which also hosts platinum-group metals and cobalt mineralization. Near Makwa Mayville is Grid’s Mayville lithium property. The company is also exploring the Donner Lake lithium project. In addition to these, the company owned the Bannockburn nickel property until recently.
The company’s share price rose with nickel to hit a year-to-date high of C$0.23 on March 10. On March 11, it released drill results from its Bannockburn nickel property; the best result was 341.7 meters averaging 0.28 percent nickel. Since then, Grid has released exploration results for two drill holes at Donner Lake and 14 at Makwa Mayville. Grid released further positive news at Donner Lake that extended the Northwest Dyke target, which started a share price gain that met its previous high on May 3; it shared the discovery of high-grade lithium at the project on May 12.
On June 7, Grid Metals and Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) announced that Grid would be selling Bannockburn to the latter company. In return, Grid Metals will receive 2 million Canada Nickel common shares. The company has since continued its exploration at Donner Lake, sharing drill results and a project update in late July. Most recently, on August 22, Grid Metals announced a strategic financing with the goal of raising up to C$8.52 million.
Year-to-date gain: 7.32 percent; market capitalization: C$174.81 million; current share price: C$0.44
Sherritt International is a miner, producer and refiner of high-purity nickel and cobalt, and its primary focus is nickel. The company operates a mine in Cuba and a refinery in Alberta, Canada, both of which are part of its 50/50 Moa joint venture with Cuba’s General Nickel Company. The vertically integrated joint venture has a capacity of 35,000 MT of nickel and 3,800 MT of cobalt produced per year.
In February, Sherritt released its 2021 production results and 2022 guidance. Among other details, the company revealed it expects a production increase for nickel, from 31,184 MT in 2021 to guidance of 32,000 to 34,000 MT for this year. On March 1, the company announced the appointment of decarbonization expert Chih-Ting Lo to its board of directors, and also named Maryse Bélanger as deputy chair. The focus of these changes is to strengthen Sherritt's commitment to environmental, social and governance matters.
Sherritt’s share price shot up alongside the nickel price to reach a high of C$0.82 on March 10. On May 11, the company shared its first quarter results, including its portion of finished nickel production at Moa of 3,875 MT. More recently, the company released its second quarter results on July 27, with finished nickel production at Moa of 3,704 MT, down slightly quarter-on-quarter. However, year-on-year the company’s numbers were up significantly thanks to increases in battery metals prices. While in Q2 2021 the company incurred a C$10.4 million net loss from operations, it saw positive net earnings of C$81.5 million in Q2 2022.
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Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Canada Nickel Company and Nevada Sunsire Gold are clients of the Investing News Network. This article is not paid-for content.
Green Technology Metals CEO Luke Cox: Working Towards Building North America's Lithium Supply Chainyoutu.be
Power Metals Corp. (" Power Metals " or the " Company ") (TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce that two drill holes have intersected high-grade Li and Ta (Lithium and Tantalum) mineralization on the Main Dyke at the Company's 100% owned Case Lake property in Cochrane, Ontario .
The lithium mineralization is spodumene on the Main Dyke. Coarse-grained green spodumene and fine-grained white spodumene occur in the inner intermediate zone of the Main Dyke with quartz and feldspars.
Johnathan More , Chairman & CEO of Power Metals, commented "We continue to hit impressive numbers on our ongoing drill program. This deposit is at surface and enjoys extremely favorable logistics relating to accessibility and already in place infrastructure. Additionally, we are awaiting on more assays from the lab and are excited to release them when they are available."
Assay highlights on Main Dyke include (Table 1):
Drill holes are oriented perpendicular to the strike length of the pegmatite, so mineralization is close to true width.
Exploration drill hole PWM-22-136 is located 514 m east of the Li-Cs-Ta West Joe Dyke along strike. This exploration hole intersected the outermost pegmatite zones with high grade Ta mineralization (193 and 215 ppm Ta) (Table 1). Additional drill holes will be drilled around it to try to find the lithium mineralization which should be associated with the Ta mineralization to expand the lithium mineralization at West Joe.
Power Metals 2022 summer drill program is for 5000 m and over 2700 m has been completed to date. This press release reports assays received to date from drill hole PWM-22-134 and 135 on the Main Dyke and exploration drill hole PWM-22-136 514 km east of West Joe Dyke. The purpose of each drill hole on the Main Dyke was to infill on known mineralization to aid in a future resource estimate. The purpose of the exploration hole is to expand the lithium mineralization at West Joe. Assays pending will be released once received.
Drill hole collar coordinates are given in Table 2.
The drill core was sampled so that 1 m of the Case Batholith tonalite host rock was sampled followed by 1 m long samples of the pegmatite dyke and 1 m of the Case Batholith. The sampling followed lithology boundaries so that only one lithology unit is within a sample, except for the Cochrane by Power Metals' geologists. The core was prepared at SGS Garson and analyzed at SGS Burnaby, British Columbia which has ISO 17025 certification. Every 20 samples included one external quartz blank, one external lithium standard and one core duplicate. The ore grade Li 2 O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a detection limit of 0.002 % Li 2 O. A QA/QC review of the standards and blanks for this drill program indicate that they passed and the drill core assays are accurate and not contaminated.
Case Lake Property is located 80 km east of Cochrane , northeastern Ontario close to the Ontario - Quebec border. Case Lake Property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division. The Property is 10 km x 9.5 km in size with 14 identified tonalite domes. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is owned 100% by Power Metals Corp. A National Instrument 43-101 Technical Report has been prepared on Case Lake Property and filed on July 18, 2017 .
Julie Selway , Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites.
Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. Learn more at www.powermetalscorp.com
ON BEHALF OF THE BOARD,
Johnathan More , Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered 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 in the United States , or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com .
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
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Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to provide an update for its planned drilling program at the Medcalf Lithium Prospect.
Charger’s Managing Director, David Crook, commented:
“Charger has scheduled its maiden drilling program at the Medcalf Lithium Prospect for the December quarter and our geological team is completing the prerequisites for the approval process.
“The Prospect hosts an extensive area of spodumene bearing pegmatite swarms that will be drilled
soon after the statutory approvals process is complete.”
The Medcalf prospect is a mineralized zone within the Lake Johnston Project which has attracted considerable interest due to its proximity to the large Mount Holland Lithium Project under development by Covalent Lithium Pty Ltd (manager of a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and Wesfarmers Limited) located approximately 70km west of the Lake Johnston Project.
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This article includes content from Charger Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Company previously announced that it had entered into a Collaboration Agreement with EVR and an agreement to acquire a 20% interest in EVR’s Austrian Lithium assets from their JV partner (EVR Acquisition) (refer EUR announcement dated 11 May 2021).
See EVR’s announcement dated 8 September 2022, High Grade Lithium Samples up to 3.24% LI2O at Austrian Lithium Projects (a copy is attached).
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This article includes content from European Lithium Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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