VANCOUVER, Jan. 24, 2019 /CNW/ - NRG Metals Inc.
("NRG" or the "Company ") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to announce that it has selected
Knight Piésold Consulting (KP) and JDS Energy & Mining (JDS) to prepare a National Instrument 43-101 Preliminary Economic
Assessment (PEA) on its flagship Hombre Muerto Norte (HMN) Lithium Project, located in Salta
Province, Argentina.
The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production. The development
strategy for HMN focuses on production of 5,000 tonnes per year of lithium carbonate, with the potential for expansion. A site
visit was completed in December 2018 and the project evaluation and report are progressing in a
timely manner. The report is expected to be completed during Q1 2019.
KP is a global consulting firm that provides specialized services to the mining, power, water resources, infrastructure, and
oil and gas industries. The company focuses on creating value at every stage of a project through quality driven, sustainable,
and cost-effective solutions. Established in South Africa in 1921, KP has expanded their reach
into a global network of over 800 professionals based in offices in North and South America,
Europe, Africa, Australia, and
Asia. KP has extensive experience working in Argentina, with offices in Mendoza, San Juan
and Neuquen.
JDS is an engineering, project, and construction management firm composed of a diverse set of skilled and highly experienced
mining and construction professionals. With a proven record of providing clients with fit-for-purpose solutions and value
delivery, JDS has acquired a reputation for delivering and executing project plans on budget, on time, and most importantly,
safely. The JDS team prides itself on delivering project concepts from inception to full operations, providing clients with
technical engineering support, onsite operations services and EPCM.
NRG recently filed a report titled 'Initial Measured Lithium and Potassium Resource Estimate Hombre Muerto North Project,
Salta and Catamarca Provinces, Argentina'. The report was completed in
accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, on behalf of the Company by independent
consultants Montgomery and Associates, of Santiago Chile. The report identifies 571,000 tonnes
of Lithium Carbonate Equivalent at a grade of 756 parts per million lithium in the combined Measured and Indicated categories,
with a low magnesium to lithium ratio of 2.6 to 1.0 (October 3, 2108 press release) that will be
used in the completion of the PEA.
The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC at the Fenix
lithium mine, some 12 kilometers south of the project area. The project is surrounded by ground now owned by POSCO, a Korean
based lithium producer, as a result of its US$ 280 million purchase of the area from Galaxy
Resources Ltd, an Australian based producer. Galaxy is also moving their portion of the Hombre Muerto Salar, the Sal de Vida
Project, to lithium production.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F. C. Hobkirk,
President and C.E.O.
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or
liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States
Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain
information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and
estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other
factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader
is cautioned not to place undue reliance on forward-looking statements. We seek safe harbor.
SOURCE NRG Metals Inc.
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