NRG Metals Inc. is focused on the development of its flagship lithium brine project, Hombre Muerto Norte lithium project (HMN) in the Salta province of Argentina.
The property package of 3,287 hectares is comprised of six mining concessions. Two production wells have been completed and cased on the Tramo Concession. The project is strategically located with developed infrastructure.
The HMN project surrounded by two leading lithium brine producers, Korean giant POSCO and Galaxy Resources at the northern end of the renowned Hombre Muerto Salar.
HMN has an outlined Measured and Indicated Mineral Resources of .57M tonnes Lithium Carbonate Equivalent (LCE) NRG adds second drill at the Hombre Muerto North Lithium Projectand a projected mine life of 30 years. A recent Preliminary Economic Assessment returns a Net Present Value of US$ 217 million, CAPEX of US$ 93 million and an Internal Rate of Return of 30%. A Feasibility Study on the project is in progress which will include upgrading the current resource to a reserve status.
The Company is moving forward with the evaluation and development of alternative Lithium extraction technology.
The Company currently has approximately 7 million shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol NGZ, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol, OGPN.
Company Highlights
World Class Management Team
Experience and excellent infrastructure – from first drill hole to PEA in only 11 months
PEA indicates potentially robust economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%
Two production wells completed and cased
Sizeable property package (3,287 hectares) next to leading Lithium-brine producers
Partnered with high-purity Lithium battery producer in China – Chemphys – www.chemphys.com
NRG Metals listed as TOP 10 PERFORMER in Mining in 2018 TSX Venture 50 Ranking – www.tmxmoney.com
Company Name | NRG Metals Inc. |
Business Category | Base Metals |
Address | 750 West Pender Street, Suite 804 Vancouver British Columbia Canada ZIP: V6C-2T7 |
President | Adrian F.C. Hobkirk |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | Monday to Friday 9:00 am to 5:00 pm |
Phone Number | Locked content | Subscribe to view |
Fax Number | Locked content | |
Locked content | ||
Website | Locked content |