Neo Lithium Corp. is pleased to announce the completion of the previously announced plan of arrangement under the Ontario Business Corporations Act involving the Company, Zijin Mining Group Co. Ltd.. and 2872122 Ontario Limited, following receipt of all required regulatory approvals and satisfaction of all closing conditions. Pursuant to the [...]
Neo Lithium Corp. is pleased to announce that its wholly owned subsidiary, LIEX S.A., has received a "Declaracion de Impacto Ambiental" from the Environmental and Mining Authority in Catamarca Province, Argentina. The DIA represents the Environmental and Mining Authority's approval of LIEX's Environmental Impact Assessment for construction and [...]
Neo Lithium Corp. is pleased to announce that shareholders of the Company approved the previously-announced plan of arrangement with Zijin Mining Group Co. Ltd. and its wholly-owned subsidiary 2872122 Ontario Limited, at a special meeting of shareholders held today for that purpose. Zijin will acquire all of the issued and outstanding common shares [...]
Neo Lithium Corp. is pleased to announce that Institutional Shareholder Services Inc., a leading independent proxy advisory firm that provides voting recommendations to institutional investors, recommends that Neo Lithium shareholders vote "FOR" the proposed plan of arrangement between the Company, Zijin Mining Group Co. Ltd. and its wholly-owned [...]
Neo Lithium Corp. is pleased to announce that it has filed a technical report for its wholly-owned Tres Quebradas lithium brine project in Catamarca Province, Argentina pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects". The Technical Report supports the disclosure made by the Company in its October 26, 2021 news [...]
Neo Lithium Corp. is pleased to announce that it has filed and mailed its management information circular and related proxy materials for the special meeting of shareholders of the Company to be held in connection with the proposed plan of arrangement between the Company, Zijin Mining Group Co. Ltd.. and its wholly-owned subsidiary 2872122 Ontario [...]
$1.129 billion after-tax NPV with 8% discount rate and a 39.5% IRR at an average price $12,321 /t LCE with a 50-year life of mine and payback of 2 years and 3 months from commencement of production Measured and indicated resources of 1.747 Mt of LCE with an average 923 mg/L Lithium with 800 mg/l cut off and 5.369 Mt of LCE with 637 mg/L Lithium [...]
Zijin Mining Group and Neo Lithium are pleased to announce that they have entered into a definitive agreement, pursuant to which Zijin has agreed to acquire all of the outstanding shares of Neo Lithium at a price of C$6.50 per share in cash. The Offer Price represents a premium of approximately 36% over Neo Lithium's 20-day volume-weighted average [...]
Neo Lithium Corp. is pleased to announce that the Company has reached an important milestone in lithium carbonate production at its pilot plant for its wholly owned Tres Quebradas lithium project in Catamarca Province, Argentina. Using the upgraded alkali methodology, the Company further advanced the crystallization parameters as well as other [...]
Significant increase in northern high-grade mineral resource estimate at 800 mg/l lithium cut-off: Measured and indicated resource estimate of 1,682,000 tonnes of lithium carbonate equivalent at an average grade of 926 mg/l Lithium Significant increase of central and southern medium-grade resource estimate at 400 mg/l Lithium cut-off: Measured and [...]
Neo Lithium Corp. is pleased to announce that as a result of the current drilling program it has successfully intercepted a new deep brine aquifer, located outside the area which resulted in the Company's "Updated Mineral Resource Estimate Technical Report on the 3Q Lithium Project, Argentina" prepared by Groundwater Insight Inc. with an effective [...]
The Company completed five years of pilot pond evaporation and design to be able to bring the latest technology to the new pilot pond system Results confirm less than one year of evaporation from in-situ brine to final ~3.6% lithium brine concentration prior to shipment to the carbonation plant The new pilot pond system will test different [...]
