|Bid||0.6700 x 0|
|Ask||0.6900 x 0|
|Day's Range||0.6800 - 0.6800|
|52 Week Range||0.5500 - 1.4000|
|Beta (3Y Monthly)||15.81|
|PE Ratio (TTM)||97.14|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.61|
FSE:NE2) is pleased to report new drilling results from its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. The Company filed a reserve estimation on May 7, 2019 within prefeasibility study ("PFS") which defined proven and probable reserves of 1,294,000 tones of lithium carbonate with an average grade of 790 mg/L Lithium with a cut off at 800 mg/L Lithium out of a measured and indicated resource of 4,005,000, with a cut off at 400 mg/L Lithium.
Lithium Carbonate Pilot Plant Now Fully OperationalFirst Batch of Technical Grade Lithium Carbonate Expected in July-August 2019 First Batch of Battery Grade Lithium Carbonate.
FSE:NE2) is pleased to announce that it has filed a technical report for its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina (the "Technical Report" or the “PFS”) pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). The Technical Report supports the disclosure made by the Company in its March 21, 2019 news release announcing the results of the maiden pre-feasibility study for the 100% owned 3Q Project.
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A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space. While Tesla Inc, Volkswagen AG and other electric-focused automakers and battery manufacturers are expanding in the United States, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities. U.S. Senator Lisa Murkowski, the Alaska Republican who is chair of the Senate's Energy and Natural Resources Committee, told Reuters she will introduce the Minerals Security Act alongside Senator Joe Manchin, a West Virginia Democrat.
The 3Q Project achieves a major milestone by submitting the project Environmental Impact Assessment (“EIA”) to the Catamarca Mining and Environmental Authority, after more than 2 years of preparation. The 3Q Project will provide significant economic and social benefits for the Catamarca Province, the Tinogasta Department and Fiambala Municipality.
FSE: NE2) is pleased to announce that Hidrotec SA completed Drill Hole PP25-R-1 down to 167 metres and a long-term pump test has been completed in its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. Drill hole PB1-R-24 is located in the high-grade zone of the 3Q Project. The average lithium grade of the 137.6 meters that were pumped was 1,128 mg/l Li.
FSE: NE2) is pleased to announce positive results of a prefeasibility study (“PFS”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. The technical report summarizing the PFS is being prepared by GHD Chile SA ("GHD") and Groundwater Insight Inc., in accordance with NI 43-101 (the “Technical Report”).
POINT ROBERTS, Wash. and DELTA, British Columbia, March 04, 2019 -- Investorideas.com, an investor news source covering lithium stocks, issues a snapshot looking at key trends.
FSE: NE2) is pleased to announce that the lithium carbonate pilot plant (“Plant”) built by the Instituto de Investigaciones Tecnologicas from Universidad de Concepcion, Chile, has successfully arrived in Fiambala, Catamarca, Argentina. The Company’s engineers have started reassembling the Plant and expect to have it fully operational in late February for its Tres Quebradas lithium brine project in Catamarca Province, Argentina (the “3Q Project”).
FSE: NE2) is pleased to announce that it has successfully completed and tested the pilot plant (the “Plant”) built by the Instituto de Investigaciones Tecnologicas from Universidad de Concepcion, Chile and has shipped the Plant to the warehouse in Fiambala, Catamarca, Argentina. The Company estimates that it will take 45 days for the Plant to be shipped, clear customs, and be reassembled and operational. The Plant was tested with artificial brine in Chile and the Company now is concentrating approximately 4% lithium brine in its pilot evaporation ponds to start production of lithium carbonate at the Plant.
FSE: NE2) is pleased to announce that it has contracted GHD, which is a well-recognized engineering firm with particular expertise in lithium brines, to complete a pre-feasibility study (“PFS”) at the 3Q Project by Q1 2019. GHD successfully completed the previous preliminary economic assessment (“PEA”) for the 3Q Project, filed on SEDAR on December 13th, 2017.