DSLEF - Desert Lion Energy Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1000
0.0000 (0.00%)
At close: 12:24PM EDT
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Previous Close0.1000
Open0.1000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1000 - 0.1000
52 Week Range0.0461 - 1.0654
Volume5,000
Avg. Volume1,295
Market Cap10.696M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.3100
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • CNW Group12 days ago

    Lepidico and Desert Lion to Merge

    TORONTO , May 7, 2019 /CNW/ - Desert Lion Energy Inc (DLI.V) ("Desert Lion") is pleased to announce that on May 5, 2019 it entered into a definitive arrangement agreement (the "Arrangement Agreement") with ASX-Listed Lepidico Limited (LPD.AX) ("Lepidico") whereby Lepidico, an arm's length party from Desert Lion, will acquire all of the outstanding common shares of Desert Lion for 5.4 Lepidico shares for every 1 Desert Lion share (The "Transaction").  No finder's fee is payable in connection with the Transaction. The Transaction is anticipated to create a vertically integrated lithium development company from mine to chemical conversion plant by combining Lepidico's leading proprietary lithium processing technologies with Desert Lion's lepidolite Mineral Resources and extensive exploration package.

  • GlobeNewswire27 days ago

    Desert Lion Completes Previously Announced Shares for Debt Settlement

    TORONTO, April 22, 2019 -- Desert Lion Energy Inc. (TSXV: DLI) (OTCQB: DSLEF) (“Desert Lion” or the “Company”) is pleased to announce that the Company has completed its shares.

  • GlobeNewswirelast month

    Desert Lion Strengthens its Balance Sheet via Shares for Debt Settlement

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) is pleased to announce that it intends to issue 11,467,123 common shares of the Company (the "Common Shares"), at an effective price per share of $0.10 in payment of $1,146,712 of certain obligations owed under the Company's secured notes due December 7, 2020. In accordance with applicable securities laws, the Common Shares issued will be subject to the approval of the TSX Venture Exchange and will be subject to a hold period of four months and one day from the date of completion of the debt settlement.

  • GlobeNewswirelast month

    Desert Lion Appoints Atul Bali to Board of Directors and Provides Project Development Update

    Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) is pleased to announce the appointment of Atul Bali to the board of directors, effective immediately. Atul is a seasoned corporate executive, with experience in technology, government contracting and regulated industries. Atul has worked on all 6 continents over the past 25 years and has served on numerous boards.

  • GlobeNewswire2 months ago

    Desert Lion Energy Announces Nonbinding Offtake Agreement with BASF

    Namibian lithium developer Desert Lion Energy Inc. (DLI.V) ("Desert Lion Energy" or the "Company") is pleased to announce that it has entered into a nonbinding offtake agreement, (the "Agreement") with BASF SE (“BASF”), whereby BASF would be able to purchase lithium hydroxide from a planned Desert Lion Energy production facility to be located in Namibia (the “Project”). The Agreement is valid through to December 31, 2019 during which time both BASF and Desert Lion Energy shall work towards completion of a definitive offtake agreement.

  • GlobeNewswire2 months ago

    Desert Lion Strengthens its Balance Sheet via Shares for Debt Settlements

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) is pleased to announce that, in connection with its press release dated January 14, 2019, in which the Company announced it had entered into agreements to settle $2,572,890.90 of its outstanding cash indebtedness for the issuance of 14,221,914 common shares of the Company (the "Common Shares"), it intends to issue an aggregate of 16,655,542 Common Shares at an effective price per share of $0.196 in payment of $3,272,569.99 of its outstanding indebtedness owed to various creditors, including for interest due and payable under the Company's secured notes due December 7, 2020. For clarity, the $3,272,569.99 includes the $2,572,890.90 referred to in the press release dated January 14, 2019.

  • Desert Lion Energy Completes Acquisition of EPL 5718 and Fulfills Mining License Commitments
    CNW Group4 months ago

    Desert Lion Energy Completes Acquisition of EPL 5718 and Fulfills Mining License Commitments

    TORONTO , Jan. 22, 2019 /CNW/ - Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce that it has successfully completed the acquisition of Exclusive Prospecting License ("EPL") 5718 and has fulfilled its commitments in connection with the issuance of the Phase 2 Mining License (ML204). As part of the Transfer Agreement, Desert Lion paid approximately C$130,000 cash and 80,906 common shares of the Company, of which C$30,000 was paid in cash on execution of the Transfer Agreement.

  • GlobeNewswire4 months ago

    Interest Payment of Convertible Promissory Notes

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) announces that it intends to issue an aggregate of 178,803 common shares of the Company (the "Common Shares") at a deemed price per share of $0.095 in payment of $16,986.30 in interest due and payable under the Company's secured convertible notes due June 11, 2019 (the "Notes"). Under the terms of the Notes, the Company has the option to pay one-third of the monthly interest due on the Notes in Common Shares. The issuance of the Common Shares in payment of interest on the Notes is subject to the approval of the TSX Venture Exchange and the Common Shares will be subject to hold period of four months and one day.

  • CNW Group4 months ago

    Desert Lion Energy Strengthens its Balance Sheet via Shares for Debt Settlements

    TORONTO , Jan. 14, 2019 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has entered agreements to settle $2,572,890.90 of its outstanding cash indebtedness owed to various Arm's Length creditors through the issuance of 14,221,914 common shares of the Company at an effective price of $0.1809 per common share. "This debt settlement represents a significant portion of the Company's outstanding cash indebtedness to creditors and when combined with the recently completed equity private placement, strengthens the Company's balance sheet thus positioning us to execute on our previously announced exploration program," commented Tim Johnston , CEO of Desert Lion.

  • Desert Lion Energy Initiates 2019 Exploration and Development Program
    CNW Group4 months ago

    Desert Lion Energy Initiates 2019 Exploration and Development Program

    TORONTO , Jan. 14, 2019 /CNW/ - Namibian lithium developer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") has initiated the Company's 2019 exploration and development program. The program will focus on increasing and optimizing existing Mineral Resources Estimates ("MRE") and advancement of the mine, concentrator and lithium conversion plant in Walvis Bay. Following the completion of the financing announced on December 4, 2018 , the Company is progressing with the next phase of exploration and development work to advance the Desert Lion Energy Lithium project.

  • CNW Group5 months ago

    Desert Lion Energy Closes Second Tranche of Equity Private Placement

    TORONTO , Dec. 13, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has successfully closed the second tranche of its previously announced non-brokered private placement of 9,856,258 units ("Units") at a price of $0.07 per Unit for gross proceeds to the Company of $689,938.06 (the "Private Placement"). This follows the announcement on December 10, 2018 of the closing of an  initial tranche of Units for gross proceeds of approximately $2,000,000 and secured convertible promissory notes for gross proceeds of $5,000,000 with AIP Asset Management. Each Unit issued in the Private Placement is comprised of one common share of the Company and one-half of one common share purchase warrant (a "Warrant").

  • CNW Group5 months ago

    Desert Lion Energy Completes $7MM Financing and Announces Upsize to Previously Announced Equity Private Placement

    The Company is also pleased to announce that, as a result of strong investor demand, it has increased the size of the Private Placement and, subject to approval of the TSX Venture Exchange ("TSXV"), plans to close a second tranche of Units for additional gross proceeds to the Company of $1,000,000 . Of the gross proceeds of the Notes, $4,000,000 may be converted into common shares of the Company at a price of $0.20 per share (the "Conversion Price") at any time prior to maturity with the balance of $1,000,000 to be repaid to AIP on maturity in cash. The Notes will mature on December 7, 2020 and are secured against all of the assets of the Company and its subsidiaries.

  • GlobeNewswire6 months ago

    Desert Lion Energy Files NI 43-101 Technical Report

    Desert Lion Energy Inc. (DLI.V) (DSLEF) (“Desert Lion” or the “Company”) today announced the filing on SEDAR of an independent NI 43-101 technical report completed by Hatch Ltd (“Hatch”) and The MSA Group (Pty) Ltd (“MSA”) entitled "Preliminary Economic Assessment for Desert Lion Energy Lithium Project" dated November 23, 2018. This filing follows upon the press release of November 1, 2018, which referenced the summary highlights of the Preliminary Economic Assessment (“PEA”).

  • CNW Group6 months ago

    Desert Lion Energy Announces up to $10MM Convertible Note Financing with AIP Asset Management and $2MM Equity Private Placement

    TORONTO , Nov. 5, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce it has executed a note purchase agreement (the "NPA") with AIP Asset Management and AIP Global Macro Fund L.P. ("AIP") providing for a secured convertible note financing for gross proceeds of up to $10,000,000 (the "Note Offering"). The initial tranche of secured convertible promissory notes (the "Notes") for gross proceeds of $5,000,000 shall be purchased by AIP on the date (the "Closing Date") certain standard conditions precedent are satisfied, including, approval of the TSX Venture Exchange ("TSXV") and completion of the Equity Offering (as described below).  A second tranche of Notes for proceeds of an additional $5,000,000 is also available to the Company under the NPA to fund acquisitions as mutually agreed by AIP and the Company.

  • Desert Lion Energy Announces Positive Project Economics for Namibian Lithium Project
    CNW Group7 months ago

    Desert Lion Energy Announces Positive Project Economics for Namibian Lithium Project

    TORONTO , Nov. 1, 2018 /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to report the results of the Company's Preliminary Economic Assessment ("PEA") for its Namibian Lithium project ("Project"). The PEA covers mining, concentrate and lithium carbonate production. The PEA was prepared by independent consultants, Hatch Ltd ("Hatch") and The MSA Group (Pty) Ltd. ("MSA").

  • Desert Lion Energy Announces Maiden Mineral Resource Estimate Establishing a Significant Lithium (Lepidolite) Project
    CNW Group7 months ago

    Desert Lion Energy Announces Maiden Mineral Resource Estimate Establishing a Significant Lithium (Lepidolite) Project

    TORONTO , Oct. 12, 2018  /CNW/ - Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce its maiden Mineral Resource estimate ("MRE") completed for its Namibian Lithium project.

  • CNW Group9 months ago

    Desert Lion Energy Initiates Strategic Review

    TORONTO , Aug. 31, 2018 /CNW/ - Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") today announced that it has ceased all operations in Namibia in light of the continued decline in lithium carbonate pricing. The Board is currently re-assessing the previously announced 3-stage execution plan and is evaluating all available options to find a sustainable path to the continued development of its Namibian Lithium Project. The Company has also commenced negotiations with its offtake partner, Jiangxi Jinhui Lithium Co. Limited, to amend the pricing metrics under its offtake agreement in light of the current lithium carbonate pricing environment.

  • CNW Group9 months ago

    Desert Lion Energy Reports AGM Results

    Desert Lion Energy Reports AGM Results

  • CNW Group9 months ago

    Desert Lion Energy Publishes Second Quarter 2018 Report

    Desert Lion Energy Publishes Second Quarter 2018 Report

  • CNW Group9 months ago

    Desert Lion Energy Announces Receipt of Mining License for Namibian Lithium Project

    TORONTO , Aug. 27, 2018 /CNW/ - Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce the receipt of its Phase 2 mining license, for the mining of in situ material, by the Ministry of Mines and Energy, Namibia . The mining license has been granted for an initial 10-year period, effective immediately, and covers a total area of 68.7 km2, which includes the area where the Company's Rubicon and Helikon mines are located. The remaining 232.3 km2 of exploration license will be retained by Desert Lion for ongoing exploration activities.

  • Desert Lion Identifies Prospective Lithium-Caesium-Tantalum Pegmatite Corridor and Provides Update on Exploration Activities
    CNW Group9 months ago

    Desert Lion Identifies Prospective Lithium-Caesium-Tantalum Pegmatite Corridor and Provides Update on Exploration Activities

    Desert Lion Identifies Prospective Lithium-Caesium-Tantalum Pegmatite Corridor and Provides Update on Exploration Activities

  • CNW Group10 months ago

    Desert Lion Energy Confirms First Shipment Cleared and Processing to Begin

    TORONTO , July 17, 2018 /CNW/ - Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") is pleased to announce that the Company's off-take partner, Jiangxi Jinhui Lithium Co. Limited ("Jinhui"), has cleared the first 30,000 tonne (t) shipment of lithium concentrate and will shortly begin processing the product at their facility in China . Desert Lion expects to deliver an additional 60,000 tonnes of lithium concentrate from its sorting operations by the end of Q3 2018, ahead of the anticipated start of production from the floatation plant in Q4 2018.

  • CNW Group10 months ago

    Desert Lion Energy Releases Q2 2018 Corporate Video

    Desert Lion Energy Releases Q2 2018 Corporate Video

  • CNW Group11 months ago

    Desert Lion Energy Appoints Johan Coetzee as Chief Operating Officer

    Desert Lion Energy Appoints Johan Coetzee as Chief Operating Officer

  • CNW Group11 months ago

    Desert Lion Energy Extends Jinhui Lithium Company's Equity Option and Provides Production Update

    TORONTO , June 25, 2018 /CNW/ - Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (DLI.V) (DSLEF) ("Desert Lion" or the "Company") today announces the grant of a 60-day extension to the Company's off-take partner, Jiangxi Jinhui Lithium Co. Limited ("Jinhui"), on their option to purchase 15% of the common shares of Desert Lion for approximately C$13 .0MM. The lithium concentrate product, which was shipped to China on April 24, 2018 , is currently clearing customs and is awaiting release.