LithiumOre Update on Battery Metals Extraction Division
INCLINE VILLAGE, December 20,2018 - LithiumOre (http://lithiumore.net) (the "Company"), a wholly-owned subsidiary of Oroplata Resources Inc. (OTCQB: ORRP), alithium resource exploration and development company, is pleased toprovide the following update on its Battery Metals ExtractionDivision.
Recently appointed to LithiumOre's Advisory Board, Dr. Krishna Sharma has made steady progress within the company's new Battery Metals Extraction Division. Dr. Sharma is focused on locating the most advanced and cost-effective lithium extraction technology in the world.
Dr. Sharma co-founded Sea2K, a research and development company that develops metal extraction and purification technologies from industrial waste water and effluents. Sea2K developed an extraction technology to recover potassium carbonate from seawater and distillery plants. Previously, Dr. Sharma spent five years at Simbol Materials as their Lead Scientist, designing and developing various extraction processes for the recovery of lithium, manganese, zinc and potassium from geothermal brines.
Our Battery Metals Extraction Division will be located in Nevada.
LithiumOre holds 1,300 accepted lithium mineral claims, totaling 26,000 acres, located in Railroad Valley of Nye County, Nevada. Railroad Valley is approximately 112 miles northeast of Clayton Valley and can be accessed by paved highway directly from U.S. Route 6. Railroad Valley is one of Nevada's largest trapped basins (twice the size of Clayton Valley) and is noted to hold all the necessary commercial and engineering prerequisites for a massive lithium brine extraction and development project. The Company's claims have been evaluated by experts and the Bureau of Land Management and are in planned on-site exploration.
About LithiumOre
LithiumOre (http://lithiumore.net), a wholly-owned subsidiary of Oroplata Resources Inc. (OTCQB: ORRP), is a lithium resource exploration and development company, whose primary focus is the establishment of a low cost, environmentally sound production base to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning EV (electronic vehicle) industry. LithiumOre is focused on becoming a substantial, profitable lithium producer via the timely development of valuable production-grade lithium brine deposits in Nevada.
For more information, please visit: http://lithiumore.net
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial lithium ore production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley),and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2017. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Contact Information
Hayden IR
Stephen Hart
(917) 658-7878
hart@haydenir.com
SOURCE: LithiumOre
