Desert Lion Energy Inc. is pleased to announce it has entered agreements to settle $2,572,890.90 of its outstanding cash indebtedness owed to various Arm's Length creditors through the issuance of 14,221,914 common shares of the Company at an effective price of $0.1809 per common share. "This debt settlement represents a significant portion of the [...]
Namibian lithium developer Desert Lion Energy Inc. has initiated the Company's 2019 exploration and development program. The program will focus on increasing and optimizing existing Mineral Resources Estimates and advancement of the mine, concentrator and lithium conversion plant in Walvis Bay. Following the completion of the financing announced [...]
Desert Lion Energy Inc. is pleased to announce it has successfully closed the second tranche of its previously announced non-brokered private placement of 9,856,258 units at a price of $0.07 per Unit for gross proceeds to the Company of $689,938.06 . This follows the announcement on December 10, 2018 of the closing of an initial tranche of Units [...]
TORONTO, Dec. 10, 2018 /CNW/ - Desert Lion Energy Inc. is pleased to announce it has successfully closed the initial tranche of secured convertible promissory notes for gross proceeds of $5,000,000 with AIP Asset Management and has concurrently closed a non-brokered private placement of 28,582,143 units at a price of $0.07 per Unit for gross [...]
Desert Lion Energy Inc. today announced the filing on SEDAR of an independent NI 43-101 technical report completed by Hatch Ltd and The MSA Group Ltd entitled "Preliminary Economic Assessment for Desert Lion Energy Lithium Project" dated November 23, 2018. This filing follows upon the press release of November 1, 2018, which referenced the summary [...]
Desert Lion Energy Inc. is pleased to announce it has executed a note purchase agreement with AIP Asset Management and AIP Global Macro Fund L.P. providing for a secured convertible note financing for gross proceeds of up to $10,000,000 . The initial tranche of secured convertible promissory notes for gross proceeds of $5,000,000 shall be [...]
Desert Lion Energy Inc. is pleased to report the results of the Company's Preliminary Economic Assessment for its Namibian Lithium project . The PEA covers mining, concentrate and lithium carbonate production. The PEA was prepared by independent consultants, Hatch Ltd and The MSA Group Ltd. . Highlights: Cash cost of lithium carbonate of US$4,080 [...]
TORONTO, Oct. 12, 2018 /CNW/ - Desert Lion Energy Inc. is pleased to announce its maiden Mineral Resource estimate completed for its Namibian Lithium project. The MRE was prepared by independent consultants The MSA Group Ltd. of South Africa. Highlights: 3.0 Million tons at a grade of 0.63% Li2O in the Indicated category at a 0.20% Li2O cut-off [...]
Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. today announced that it has ceased all operations in Namibia in light of the continued decline in lithium carbonate pricing. The Board is currently re-assessing the previously announced 3-stage execution plan and is evaluating all available options to find [...]
Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. today reports the results of its annual general meeting of shareholders held on Wednesday, August 29, 2018 in Toronto, Canada. The following directors were elected to the board to hold office until the next annual meeting of shareholders of the Company or [...]
Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. today published its financial results for the second quarter of 2018. This document has been posted, along with the CEO's letter to shareholders, to the Desert Lion's website at http://desertlionenergy.com/investors/financial-reports/ . Shareholders can [...]
Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. is pleased to announce the receipt of its Phase 2 mining license, for the mining of in situ material, by the Ministry of Mines and Energy, Namibia. The mining license has been granted for an initial 10-year period, effective immediately, and covers a total [...]
