VANCOUVER, British Columbia,
May 21, 2019 /CNW/ -- NRG Metals
Inc. ("NRG" or the "Company") (TSX-V: NGZ)
(OTCQB: NRGMD) (Frankfurt: OGPN) the Company is pleased to announce
it has formed a "strategic alliance" with Lilac Solutions (Lilac)
of Oakland, California.
Lilac has developed and patented a new ion exchange technology, the
"IX Process," to address the challenges of conventional evaporative
extraction of lithium from brines. The company's unique ion
exchange beads and continuous brine processing system together
enable a simple, modern, and robust process yielding concentrated
high-purity lithium solutions in hours instead of years.
Lilac has reported 90% recovery of lithium from brine, which is
double that of evaporative technology.
This partnership will begin with pilot project work for NRG's
Hombre Muerto North (HMN) Lithium Project in Salta, Argentina. Lilac will build and test a
pilot-scale lithium extraction module and complete detailed
engineering for an on-site pilot plant producing lithium chloride
at a rate of one tonne per month of lithium carbonate equivalents.
All work will be performed under the supervision of a
Qualified Person as defined under National Instrument 43-101.
Upon successful completion of module testing and detailed
engineering, Lilac and NRG will be positioned to quickly deploy an
on-site pilot plant at the HMN Lithium Project.
NRG intends to produce a battery grade lithium product from the
HMN Lithium Project. The Lilac IX Process may offer NRG the
potential to eliminate the slow evaporation process from the
conventional production circuit. The concentrated lithium
chloride solution produced by the Lilac IX Process can then be
readily processed into battery grade lithium carbonate. The two
companies plan to negotiate a definitive agreement for the on-site
pilot plant in the immediate future.
NRG President Adrian F.C. Hobkirk
is quoted "We are excited to be working with Lilac, and to move the
HMN Lithium Project forward using two technologies in parallel.
The alliance with Lilac will enable NRG to be at the
fore-front of new process development."
"NRG has defined a lithium resource on a salar historically
known for production," said Lilac CEO David
Snydacker. "Adrian and his team have demonstrated an
ability to rapidly develop their asset and build relationships with
excellent local partners, and Lilac is excited to become involved
with the project. The Lilac Technology will hopefully enable
NRG to attain the highest technical and environmental performance
at a pace that enables rapid return on investment."
About Lilac Solutions
Lilac Solutions is a lithium extraction company based in
Oakland, California. Lilac
offers a full-service ion exchange technology for lithium
extraction that enables rapid production with high recoveries and
minimal cost, and that is adaptable to a wide variety of brine and
clay resources.
About NRG Metals Inc.
NRG metals is developing its flagship HMN Lithium Project which
is strategically located in the Hombre Muerto Salar, an area of
active lithium production by FMC at the Fenix lithium mine, some 12
kilometers south of the NRG project area. The project is
surrounded by ground now owned by POSCO, a Korean based lithium
producer, as a result of its US$280
million purchase of the area from Galaxy Resources Ltd., an
Australian-based producer. Galaxy is also moving their portion of
the Hombre Muerto Salar, the Sal de Vida Project, to
lithium production.
The TSX Venture Exchange has not reviewed the content of this
news release and therefore does not accept responsibility or
liability for the adequacy or accuracy of the contents of this news
release.
This news release contains certain "forward-looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements
of historical fact relating to the Company, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made and are subject to a
variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward-looking statements. The reader is cautioned not
to place undue reliance on forward- looking statements. We seek
safe harbor.
On behalf of the board of directors of NRG Metals
Inc.:
Adrian F. C. Hobkirk,
President and C.E.O.
T: Investors / Shareholders Call 855-415-8100 / Direct to
Adrian Hobkirk 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
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SOURCE NRG Metals Inc.
