Right: One of the two operational lithium plants in Greenbushes Australia belonging to Talison Lithium Ltd. which have been operating for 25 years and currently supply 300 companies with lithium and lithium carbonate. Talison, up to this month a privately owned company, supplies approx 66% of Chinas imports of lithium.
Showing posts with label Atacama Desert. Show all posts
Showing posts with label Atacama Desert. Show all posts
Thursday, September 9, 2010
Talison Lithium Ltd, the largest, pure lithium company in the world, will go public Sept 23rd, on the Toronto Stock Exchange!
Right: One of the two operational lithium plants in Greenbushes Australia belonging to Talison Lithium Ltd. which have been operating for 25 years and currently supply 300 companies with lithium and lithium carbonate. Talison, up to this month a privately owned company, supplies approx 66% of Chinas imports of lithium.
Friday, August 13, 2010
Salares and Talison Lithium finalize merger arrangement!
VANCOUVER, August 13, 2010 – Salares Lithium Inc. (TSXV: LIT) (“Salares”) and Talison Lithium Limited (“Talison”) are pleased to announce the completion of due diligence and execution of a definitive Arrangement Agreement (“Agreement”) for the merger of their respective lithium assets. For details of the proposed merger please see the joint news releases dated August 9, 2010 and July 15, 2010 which are filed on SEDAR at www.sedar.com.
The execution of the Agreement clears the way for Salares shareholders to vote on and
approve the merger at a special meeting of shareholders to be held on September 16, 2010.
The completion of the proposed merger is anticipated to be implemented by the end of
September, 2010, subject to the parties obtaining all necessary approvals and satisfaction of
other conditions.
A presentation of the transaction highlights can be accessed at the Salares and Talison
websites.
For further information please contact:
Investors
Todd Hilditch
President and CEO
Salares Lithium Inc.
Tel: (604) 443-3831
www.salareslithium.com
Peter Oliver
CEO
Talison Lithium Limited
Tel: +61 8 9263 5555
www.talisonlithium.com
Media
Kim O’Halloran
Vice President, Corporation Communication
FD
kim.ohalloran@fd.com
Tel: (312) 553-6733
Recent articles: Salares shares will double on merger with Talison
Conviction stock pick - Salares Lithium
Electric metals heat up - 5 stocks to consider.
Thursday, July 8, 2010
Salares Lithium Corp - Conviction Stock pick!
Chile: "The country’s salars are estimated to contain the largest reserves of lithium in the world" ....The United States Geological Survey
Salares Lithium Corp (LIT-TSX)
Location Atacama Desert, Region III, Chile
Highest producing lithium country in the world
Project Size 39,404 Hectares (Largest pure lithium package in peer group)
Mineralization Sample grades up to 1,080 parts per million (non NI43-101)
Lithium - Potassium sampled in all 7 Salares
Proximity - 5 Salares clustered within 155 km. (see location map) 100% owned by the company.
Deposit Type Continental brines. (Lithium is most easily and cheaply recovered from Continental brines than from any other source) Chilean brines account for 50% of the world's lithium production according to the United States Geological Survey
Area Success- Major mining companies in the area include Kinross, Barrick, BHP Billiton and Freeport McMoRan.as well as SQM, the largest lithium producer in the world.
Infrastructure Project location is easily accessible by road.
All services required for a major exploration and mining program are available in Copiapó which is a major mining centre.
Progress NI 43-101 Technical report (Complete) and exploration program initiated.
Advantages
- Located in the highest lithium producing country in the world
- Largest land package of any company in peer group
- 5 Salares clustered within 155 km
- Grades up to 1,080 ppm lithium
- Chile is one of the most mining friendly countries in the world
- Rising demand for lithium is expected from the increased use of laptops, mobile phones and hybrid/electric vehicles
LIT trading at .65 today. Three month Target price of $1.40
UPDATE JULY 15TH!!! SALARES OFFICIALS HAVE REQUESTED A TRADING HALT TO
LIT STOCK AS IT PREPARES AN IMPORTANT PRESS RELEASE!
We are awaiting the results of this information which we think will be very bullish for the stock!
Photos
Location
Update, July 15th 2010 - Salares Lithium swallowed by Talison of Australia, the largest supplier of lithium to China!!
Due to the above noted merger, if you took our advice on July 8th, you will book at least 98% profit!! Your welcome!!
More Lithium Stocks to consider.
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