Neo Lithium Corp. (TSX-V: NLC), a lithium brine exploration company, engages in the exploration and development of resource properties. It explores for lithium deposits. It owns a 100% interest in the Tres Quebradas (3Q) project covering an area of approximately 35,000 hectares, including a salar complex of approximately 16,000 hectares located in Catamarca Province, Argentina. Neo Lithium Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.
3Q is one of the top three highest-grade lithium projects in the world and is the seventh-largest brine project on the planet with significant exploration potential.
The project has proven and probable reserves of 1.3 million tons of lithium carbonate (LCE) with 790 milligrams per litre of lithium and a report last year highlighted its very strong economics and 35-year mine life. In terms of resources, at the overall deposit area, using a 400 mg/l cut-off, the 3Q project has over 4 million tonnes of LCE in the higher confidence measured and indicated (M&I) category.
On Oct. 8, 2021, the company announced it had entered into an arrangement with Zijin Mining Group that, upon completion, will result in the acquisition of all of the company’s outstanding shares at a significant premium to the prevailing market price and historical trading price of the company’s common shares. The transaction will unlock value and provide a significant benefit to shareholders, while removing any technical execution risk, dilution risk and commodity price risk associated with developing the 3Q project.
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3Q is one of the top three highest-grade lithium projects in the world and is the seventh-largest brine project on the planet with significant exploration potential.
The project has proven and probable reserves of 1.3 million tons of lithium carbonate (LCE) with 790 milligrams per litre of lithium and a report last year highlighted its very strong economics and 35-year mine life. In terms of resources, at the overall deposit area, using a 400 mg/l cut-off, the 3Q project has over 4 million tonnes of LCE in the higher confidence measured and indicated (M&I) category.
On Oct. 8, 2021, the company announced it had entered into an arrangement with Zijin Mining Group that, upon completion, will result in the acquisition of all of the company’s outstanding shares at a significant premium to the prevailing market price and historical trading price of the company’s common shares. The transaction will unlock value and provide a significant benefit to shareholders, while removing any technical execution risk, dilution risk and commodity price risk associated with developing the 3Q project.
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Location: Canada, Ontario, Toronto
Investors 1
| Date | Name | Website |
| - | PowerOne C... | poweroneca... |
Mentions in press and media 13
| Date | Title | Description |
| 26.01.2022 | Neo Lithium Corp. Announces Closing of Plan of Arrangement with Zijin Mining Group Co., Ltd. | All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. |
| 26.01.2022 | Neo Lithium Corp. Announces Closing of Plan of Arrangement with Zijin Mining Group Co., Ltd. | All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. TORONTO, Jan. 26, 2022 /PRNewswire/ - Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE:NE2) is pleased... |
| 11.01.2022 | Neo Lithium Receives Catamarca Government Approval of its Environmental Impact Assessment for the Construction and Operation of its 3Q Project | TORONTO, Jan. 11, 2022 /PRNewswire/ - Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that its wholly owned subsidiary, LIEX S.A. ("LIEX"), has re... |
| 06.12.2021 | Neo Lithium Announces Updates on Arrangement with Zijin and Provides Supplemental Disclosure | TORONTO, Dec. 6, 2021 /CNW/ - Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that Institutional Shareholder Services Inc., a leading independent proxy advi... |
| 21.10.2021 | The Ripple from Lake Resources: Lilac deal shows need for sustainably produced lithium; prices hit record high; new M&A deals in ‘Lithium Triangle' | Welcome to Lake Resources' investor newsletter. In this October 21, 2021 issue: Lilac deal highlights need for sustainably produced lithium Lithium prices hit record high as EV revolution accelerates 'Lithium Triangle' attracts new M&A ... |
| 08.10.2021 | Zijin Mining to Acquire Neo Lithium Corp. in All-Cash Offer | All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. |
| 26.04.2021 | NEO LITHIUM CORP. Neo Lithium : Expands and Optimizes Pilot Ponds at 3Q Project | 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 c... |
| 08.03.2021 | BACANORA LITHIUM PLC Bacanora Lithium : Annual Report and Financial Statements for the year ending 31 December 2020 | Bacanora Lithium Plc Annual Report and Financial Statements 31 December 2020 Company Directory Board of DirectorsChief Financial OfficerMark Hohnen (Chairman) Peter Secker (CEO) Eileen Carr Jamie Strauss Andres Antonius Junichi Tomono Wang ... |
| 16.12.2020 | CATL buys into Neo Lithium | Chinese battery giant CATL is taking a roughly $8.5 million Canadian dollar-stake in mining company Neo Lithium in exchange for about eight per cent of the company’s stock. The Canadian company holds mineral and surface rights to a newly di... |
| 01.11.2017 | Neo Lithium Corp. Increases Bought Deal Financing to $30 Million | TORONTO, ONTARIO–(Marketwired – Nov. 1, 2017) |
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