RE:ALIX M&A FILED TODAY GOOD READING-HHAPPY wrote: Highlights the agreement with LIT and its implications
I have been told there is a surprising number of American investors becoming involved-hope that is true.
Here are a few random exerpts from the M&A
"In November 2015, the Company executed a memorandum of understanding with global lithium developer Lithium Australia NL (“LIT”) (LIT-ASX), whereby it is anticipated the two companies will work jointly to develop certain technologies pertaining to commercially viable lithium extraction solutions as well as progress the Company’s newly acquired lithium concessions (the Electra project) located in Sonora, Mexico.
LIT and the Company believe that a combination of low-grade material and energy inefficient processing systems have historically hindered lithium clay deposits from being commercialized. LIT has successfully extracted lithium from micas through the implementation of alternative, low-energy processing techniques and has been successful in producing lithium carbonate from unconventional silicate feed material. Some of the materials previously tested by LIT are suspected to bear a similar mineral chemistry to the mineralization at the Sonora Lithium Project and the Company’s Electra Project.
In April 2016, the Company completed an initial sampling program at its Jackpot Lithium property (“Jackpot Property”) located in the Georgia Lake area within the Thunder Bay Mining Division, Ontario. Approximately 90 kg of spodumene-bearing pegmatite rocks were collected from the surface and will be sent to the laboratory for assaying. At the request of Lithium Australia NL (“LIT”) an additional 5-10 kg sample will be shipped to Australia for testing using LIT’s proprietary LIT’s proprietary Sileach™ process.
Hi HHappy, thanks for sharing info about US investors. With US closed yesterday, will be interesting to see if there is increased activity on ARXRF today...