NLC NewsI haven't posted for a while since I was oversea for the last few weeks.
Since NO one posted it yet, here is it.
tiger
Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV:NLC; OTCQX:NTTHF; FSE:NE2) is pleased to announce that the mayor of the municipality of Fiambal, Ms. Roxana Paulon, and the council of Fiambal city has unanimously approved the granting of a 610 hectare land parcel within close proximity of Fiambal city for the development of the Fiambal Industrial Park. The grant will include a 349 hectare section of the land, which will be given to Liex S.A., a wholly owned subsidiary of Neo Lithium in Argentina, for the future construction of the Company's full scale lithium carbonate plant.
The Company signed a Memorandum of Understanding (the "MOU") in February 2018, which subsequently led to a General Agreement signed in June 2019 approved by the city's council concerning the land grant. The parties are currently finalizing a 30 years agreement for the use of the land, with appropriate extensions at no cost to the Neo Lithium.
Neo Lithium has completed an environmental base line and study to ensure that the site is safe and appropriate for its specific industrial usage. Neo Lithium intends to develop and construct its full scale lithium carbonate plant on the granted land for its wholly-owned Tres Quebradas lithium project ("3Q Project"). The Company and municipality anticipate that other lithium and related industry participants will follow and have presence in the Fiambal Industrial Park.
The area will have electricity powered by the new solar facilities recently built in Fiambal with capacity for 11 megawatts, while also connected to the new 22 megawatts solar plant in a the nearby city of Tinogasta , from which Neo Lithium plans to draw power for its future lithium carbonate plant.
Fresh water is available in the city of Fiambal, but the Company elected to build its own fresh water well. The first water well, which has been donated by Neo Lithium to the municipality of Fiambal for the community's use, was drilled down 125 meters with a diameter of 10 inches has been completed with a yield of 200 m3/hour flow rate. The Company is currently working on building a second water well that will service the needs of its full scale future lithium carbonate plant and will only require less than half of the first well's supply."We are working together with the authorities of the municipality to ensure that the 3Q Project provides significant benefits to the Fiambal community," stated Waldo Perez, President and CEO of Neo Lithium. "We are proud to be the largest private employer in Fiambal, and are overwhelmed with the support and level of collaboration we have received thus far from the community and the authorities. We will continue our work together to ensure this project contributes and gives back to Fiambal and its surrounding areas, for generations to come."
https://www.theglobeandmail.com/investing/markets/stocks/NLC-X/pressreleases/3798902/