Lithium Energi Exploration Inc. is pleased to announce that it has entered into a joint venture agreement with Global Oil Management Group, LLC , an international resource development company controlled by prominent investor, Harry Sargeant, III. GOMG will provide capital for the exploration and development of approximately 20% out of a total 72,000 hectares of prospective lithium mining claims owned by LEXI in the [...]
Lithium Energi Exploration Inc. announced today that it has filed and received a receipt for its short-form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario to qualify the securities offered under the Prospectus. The Company has also entered into an agency agreement with Gravitas Securities Inc. under which the Agent has agreed to sell, on a best efforts [...]
Lithium Energi Exploration Inc. is pleased to announce positive updates regarding the ongoing ‘phase two’ test work , which is the second of four phases pursuant to the engagement between LEXI and its technology partner, IBC Advanced Technologies, Inc. for a lithium processing plant utilizing IBC’s proprietary SuperLig® Molecular Recognition Technology . In September, IBC successfully completed the [...]
Lithium Energi Exploration Inc. announced today that it has filed a preliminary short form prospectus with securities regulatory authorities in the provinces of Alberta, British Columbia and Ontario in connection with a proposed marketed offering of units of the Company at a price of $0.26 per Unit, for an aggregate offering of $1,000,000 in the minimum and $6,500,000 in the maximum . Gravitas Securities Inc. will conduct [...]
Lithium Energi Exploration is pleased to announce that, as part of the ongoing engineering work now underway with IBC Advanced Technologies, Inc. , IBC has completed a Level One Assessment on a sample brine provided by LEXI and is rapidly progressing in conducting successful bench trials for separating and purifying lithium ions – with a sufficient selectivity factor to produce 99%+ pure Li – utilizing [...]
Lithium Energi Exploration Inc. is pleased to announce positive results following the completion of its initial geophysical exploration program. The geophysical surveys were executed to investigate sub-surface conductive brines under approximately 366 square kilometers of LEXI’s concessions in the northern portion of the Antofalla Salar, located in Catamarca Province, Argentina. The survey results were successful [...]
TORONTO, May 24, 2018 -- Lithium Energi Exploration Inc. is pleased to announce further positive results from its initial geophysical surveys covering an additional 120 km2 of its concessions in the northern section of the Antofalla Salar. Measured brine densities in this salar reflect a considerable quantity of dissolved salts in these hyper-saline brines and calculating from these known densities, these surveys denote a [...]
TORONTO, May 07, 2018 -- Lithium Energi Exploration Inc. announced today that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Ontario, Alberta and British Columbia. Pursuant to the Prospectus, the Company may issue securities for an aggregate offering amount of up to $30 million during the 25-month period in which the final short form base [...]
TORONTO, March 27, 2018 -- Lithium Energi Exploration Inc. is pleased to announce positive results from its initial geophysical surveys on each of the first three concessions studied in the northern section of its holdings in the Antofalla Salar. Interpreted brine horizons were detected throughout the entire 80 km2 area of these concessions, inferring the possibility that lithium-bearing brine exists beneath the [...]
TORONTO, March 22, 2018 -- Lithium Energi Exploration Inc. is pleased to announce that it has fulfilled all financial obligations with respect to its previously announced agreement with IBC Advanced Technologies, Inc. of American Fork, Utah, USA . IBC has commenced the development of full-scale engineering for a processing plant to utilize IBC’s proprietary metals separation technology, known as Molecular [...]
TORONTO, March 06, 2018 -- Lithium Energi Exploration Inc. is pleased to announce that it has deployed field personnel to undertake four months of studies in conjunction with commencing geophysical surveys over a large portion of LEXI’s holdings in the northern section of the Antofalla Salar in Catamarca Province, Argentina. In parallel, the Company has engaged archeologists, biologists, geologists, and other [...]
TORONTO, Jan. 26, 2018 -- Lithium Energi Exploration Inc. is pleased to announce that it has secured a $16M funding agreement from Arena Investors, LP, a major US institutional investor. The Credit Facility is structured as an unsecured lending arrangement with up to five tranches , specifically being an initial $4M tranche at closing and up to four quarterly tranches thereafter in the amount of $3M per tranche over a [...]