PR Newswire
VANCOUVER, British Columbia, Feb. 6, 2019
VANCOUVER, British Columbia, Feb. 6, 2019 /PRNewswire/ --
NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased
provide an update on progress with a Preliminary Economic Analysis of the Hombre Muerto North Lithium Project, located in
Salta Province, Argentina. The evaluation is being conducted by
Knight Piésold Consulting (KP) and JDS Energy & Mining (JDS).
The analyses are currently focused on process engineering optimizations. Simultaneously, design work and evaluation of site
infrastructure is ongoing, including the overall general arrangement with optimal location for potential pilot and production
plant sites and the ponds. Material quantities and costs are being prepared and preliminary economic numbers are being
developed for the P.E.A.
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.
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.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F. C. Hobkirk,
President and C.E.O.
T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714-316-3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
