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SilverCrest Metals Inc.


SilverCrest Metals Inc. (TSXV: SIL.V; OTCQX: SVCMF) is a Canadian precious metals exploration company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.

SilverCrest Metals (TSXV: SIL.V; OTC: SVCMF) Presentation at #VRIC17

Gold / Mining News

#Miningstocks: Forum Energy Metals (TSXV: FMC) Commences Drilling at Janice Lake in Saskatchewan's Wollaston Copperbelt
Vancouver, British Columbia - August 14, 2018 (Newsfile Corp.) ( Newswire) Forum Energy Metals Corp. (TSXV: FMC) ("Forum") is pleased to announce that it has commenced a diamond drill program on its Janice Lake sedimentary copper project located in northern Saskatchewan's Wollaston Copperbelt.

Gold Explorer's Projects Offer 'Significant Room for Value Creation'
August 14, 2018 ( Newswire) A ROTH Capital Partners report relayed the key points from the company's quarterly update.

Turning Dimes to Dollars in British Columbia
August 14, 2018 ( Newswire) John Newell, technical analyst and portfolio manager with Fieldhouse Capital Management, profiles a prospect generator exploring in and around British Columbia's Golden Triangle.

Explorer Hits Big Gold at Forrest Kerr in the Golden Triangle
August 14, 2018 ( Newswire) Rick Mills of Ahead of the Herd discusses the recently released drill results from the first hole of the summer season

#Miningstocks: Contact Gold (TSXV: C) Makes New Gold Discovery at the West Target, Pony Creek
Vancouver, British Columbia - August 14, 2018 (Newsfile Corp.) ( Newswire) Contact Gold Corp. (TSXV: C) (the "Company" or "Contact Gold") is pleased to announce drill results from an additional 12 holes, totaling 2,500 metres from its 2018 drill program at the Pony Creek gold property ("Pony Creek"), located in Elko County, Nevada, adjacent to Gold Standard Ventures' Railroad-Pinion Project.

#Miningstocks: Grizzly (TSXV: GZD) Mobilizes Field Crew to the Robocop Cobalt-Copper-Silver Property, BC, Issues Options
Edmonton, Alberta - August 13, 2018 (Newsfile Corp.) ( Newswire) Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce that it has mobilized a field crew to the Robocop Cobalt-Copper-Silver (Co-Cu-Ag) project near Roosville in southeast British Columbia (B.C.).

'Pivotal Year' Expected for Gold Explorer
August 13, 2018 ( Newswire) In the wake of an exploration update, ROTH Capital Partners updated its outlook for this company's projects in the American West.

Prospect Generator Inks Deal on Golden Triangle Properties
August 13, 2018 ( Newswire) Gregory Beischer, president and CEO of Millrock Resources, in conversation with Maurice Jackson of Proven and Probable, discusses his company's assets in Mexico, the sale of its Golden Triangle assets and future plans for the prospect generator.

#Miningstocks: EMX Royalty (TSXV: EMX) Reports on Progress at the Balya Lead-Zinc-Silver and Sisorta Gold Royalty Properties in #Turkey
Vancouver, British Columbia - August 13, 2018 (Newsfile Corp.) ( Newswire) EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the "Company" or "EMX") is pleased to provide an update on recent advancements on two of the Company's royalty properties in Turkey.

#Miningstocks: American Creek (TSXV:AMK) Commences Exploration at Ample Goldmax Property near Lillooet, BC
Cardston, Alberta - August 13, 2018 (Newsfile Corp.) ( Newswire) American Creek Resources Ltd. (TSXV:AMK) ("the Corporation") is pleased to report that 2018 exploration has commenced on the Ample Goldmax gold property located within the historic gold camp area near Lillooet, British Columbia, Canada.

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Gold News from Global Newswire

Exploration by Perseus Mining in Côte d’Ivoire

PERTH, Western Australia, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) is pleased to provide an update on its recent exploration activities at its Sissingué and Yaouré properties, both located in Côte d’Ivoire.

Sissingué, Perseus’s second gold mining operation, started commercial production on April 1, 2018 and the Company is now aiming to extend the currently estimated five-year life of the mine by identifying additional Mineral Resources that can be processed at Sissingué. Recent exploration drilling has identified open ended gold mineralisation extending over 200m of strike length at the Zanikan prospect, south of Sissingué, and over 300m of strike length at the Fimbiasso South prospect on the near-by Mahalé exploration licence. Both prospects are located within trucking distance of the recently commissioned Sissingué processing facility.

Yaouré is a development stage project and will become Perseus’s third gold mine when developed. A positive Definitive Feasibility Study (“DFS”) was completed in October 2017 and subject to financing and full permitting, mine development is expected to start early in 2019. Perseus has completed the drilling of targets identified during the Yaouré DFS as having potential to increase Mineral Resources, Ore Reserves and the currently estimated eight and a half year mine life for the project. Publication of an updated Mineral Resource estimate is now expected in early October 2018, subject to the receipt of all outstanding assay results.

Exploration results are provided below. However, the figures and tables referred to below are included in the full release which is available for download from, and

Sissingué Exploitation Permit – Zanikan Prospect (Refer to Figure 1)

At Zanikan, 20km south of the Sissingué gold mining operation, Perseus has completed 30 air core (“AC”) drill holes for 1,983m to cover an area of strong gold-in-soil anomalism and extensive artisanal mining of gold mineralised quartz stockworks. This recent AC drilling was designed to undercut previous rotary air blast (“RAB”) drilling and investigate the stockwork mineralisation at greater depths (refer to Figure 2). Three holes from this program returned significant results, including:

ZNAC01061m @ 1.11g/t from surface and ending in mineralisation, including:
     16m @ 1.56g/t Au from surface, including:
         -  4m @ 2.02g/t Au from 4m
         -  4m @ 2.96g/t Au from 12m
     8m @ 1.56g/t Au from 24m
     4m @ 1.75g/t Au from 40m
   •  9m @ 2.92g/t Au from 52m (EOH)
ZNAC00512m @ 1.27g/t Au from 32m, including 4m @ 2.3g/t
ZNAC0094m @ 3.42g/t Au from 48m

The results appear to indicate multiple steeply west-dipping mineralised structures over an open ended 200 metre strike length. (Refer to cross sections shown in Figures 3-5.) Perseus is planning further AC and reverse circulation (“RC”) drilling to infill, extend and undercut the coverage between and along strike from the recent drilling at the conclusion of the current wet season. A complete summary of the recent Zanikan drilling, including 11 holes drilled at the nearby Gbeni prospect (best intersection 8m @ 0.5g/t Au from GBAC004) is included in Appendix A - Table 1.

Mahalé Exploration Permit – Fimbiasso South Prospect (Refer to Figure 1)

At Mahalé, 40km southwest of Sissingué, 195 AC drill holes totalling 5,586m were drilled, focussing on the southern section of the Fimbiasso granite where 2017 RAB hole MHRB057 intersected 12m @ 1.67 g/t Au. Results from this program were partially reported in Perseus’s June 2018 Quarter Report released to the ASX on July 13, 2018. Since then, Perseus has received further results from the drill program, confirming the prospectivity of this zone, including:

MHAC1017 15m @ 1.23g/t Au from 16m, including 4m@2.58g/t, ending in mineralisation
MHAC10165m @ 0.81g/t Au from 28m, ending in mineralisation.
MHAC10288m @ 1.19 g/t Au from 16m, including 4m @ 2.05g/t.
MHAC10278m @ 0.92g/t Au from 8m.
MHAC10254m @ 1.38g/t Au from 20m.

Geological interpretation suggests mineralisation identified at Fimbiasso South is similar to that found at the Fimbiasso East and West deposits (previously Bélé East and West – Refer to Figure 6), which have a combined JORC Inferred Mineral Resource Estimate of 1.9Mt at 2.0g/t gold for 130,000oz gold.

Recent drilling has confirmed gold mineralisation over at least 300 metres which remains open along strike in both directions, with a possible subparallel zone approximately 100m to the south (Refer to Figure 7). Perseus will undertake additional AC and RC drilling to infill, extend and undercut the coverage between and along strike from the recent drilling following the end of the current wet season. A complete summary of the recent Mahalé drilling is included in Appendix A - Table 2.

Yaouré Exploration Permit – Yaouré and CMA Deposits

The Yaouré DFS identified targets with potential to increase the Yaouré Project’s Mineral Resources and Ore Reserves. By the end of July 2018, Perseus completed the first stage of drilling, targeting high priority targets. The program included 47 holes for 4,597m of RC drilling and 3,849m of core drilling at CMA, 54 holes for 4,896m of RC drilling at Yaouré pit south and 28 holes for 1,930m of RC drilling at Y2 South (Figure 8 and 9).

While many of the assay results from the drilling programme remain outstanding, including significant further assays from AC drilling of the CMA-NE zone, the initial results from the program, with hole locations shown in plan in Figures 10, 12, 14 and 16 and in cross section in Figures 11, 13, 15 and 17, include the following:

CMA Pit South
YRC1205D4m @ 4.88g/t Au from 170m
YRC1208D3m @ 6.31g/t Au from 131m and 9m @ 7.26g/t Au from 139m
YRC1209D3m @ 7.32g/t Au from 162m and 10m @ 7.24g/t Au from 173m
YRC1210D6m @ 7.95g/t Au from 171m
YRC122026m @ 6.35g/t Au from 84m, including 16m @ 8.55g/t Au from 85m.
CMA Pit North
YRC1223D14m @ 5.9g/t Au from 208m, including 8m @ 9.65g/t Au from 213m
YRC1229D7m @ 3.51g/t Au from 153m and 12m @ 3.6g/t Au from 218m, including 4m @ 6.89g/t Au from 224m
YRC1231D10m @ 2.2g/t Au from 97m
YRC1241D8m @ 4.56g/t Au from 301m, including 5m @ 7.29g/t Au from 302m
YRC1242D4m @ 9.89g/t Au from 282m
Yaouré Pit South
YRC12494m @ 13.1g/t Au from 3m, including 2m @ 24.4g/t Au from 3m
YRC126314m @ 2.1g/t Au from 10m, including 2m @ 11.1g/t Au from 22m
YRC128212m @ 2.36g/t Au from 114m
YRC129710m @ 16.2g/t Au from, 23m including 1m @ >100g/t Au from 23m
YRC12991m @ 33.2g/t Au from 95m.
Y2 South
YRC13005m @ 4.77g/t Au from 51m
YRC13065m @ 11g/t Au from 18m, including 1m @ 35.9g/t Au from 19m
YRC13088m @ 2.74g/t Au from 32m
YRC13118m @ 4.58g/t Au from 62m, including 2m @ 10.7g/t Au from 66m
YRC13174m @ 4.94g/t Au from 81m
YRC13205m @ 6.88g/t Au from 57m, including 2m @ 15g/t Au from 59m.

Remaining assay results are expected by the end of August 2018 and will be used to update Yaouré’s Mineral Resources and Ore Reserve estimates. This work is expected to be complete late in the September 2018 Quarter.

A complete summary of the recent Yaouré drilling is included in Appendix A - Tables 3A – 3D.

Perseus Managing Director and Chief Executive Officer Jeff Quartermaine said:

“We are certainly encouraged by the recent exploration results at Zanikan and Fimbiasso South and are planning further work to follow these results up as soon as weather permits. An increase in the mine life of Sissingué through the addition of further Mineral Resources to the mine’s inventory will materially add to the value of this asset and based on the results achieved to date, this now appears achievable.” 

“Our drilling at Yaouré has also produced strong results and updating Yaouré’s Mineral Resource and Ore Reserve estimates is our next priority as this should further improve the already attractive economics of developing this outstanding project into our third gold mine and will enhance the project’s appeal to prospective financiers.”

To discuss any aspect of this announcement, please contact:

Managing Director:     

Jeff Quartermaine at telephone +61 8 6144 1700
or email;

Media Relations:

Nathan Ryan at telephone +61 4 20 582 887
or email (Melbourne)

Competent Person Statement:

The information in this report and the attachments that relate to exploration drilling results at the Sissingué and Fimbiasso Project is based on, and fairly represents, information and supporting documentation prepared by Dr Douglas Jones, a Competent Person who is a Chartered Professional Geologist. Dr Jones is the Group General Manager Exploration of the Company. Dr Jones has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’”) and to qualify as a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr Jones consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report and the attachments that relate to resource definition drilling results at the Yaouré Gold Project were compiled by Mr Gary Brabham, F AusIMM, MAIG, a Competent Person who is a Resource Geologist. Mr Brabham is an employee of the Company and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’”) and to qualify as a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr Brabham consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Caution Regarding Forward Looking Information:
This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Edikan Gold Mine without any major disruption, development of a mine at Tengrela, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

TriMetals Mining Inc. files Second Quarter 2018 Financial Statements, MD&A and Arbitration Update

VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) -- TriMetals Mining Inc. (TSX: TMI, OTCQX: TMIAF), (the “Company”), reports the release of its condensed interim consolidated financial statements for the three and six months ended June 30, 2018 and the related management’s discussion and analysis of financial position and results of operations (“MD&A”). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.

As at June 30, 2018, the Company had cash of $0.32 million.  During the six months ended June 30, 2018, the Company reported net earnings of $2.32 million ($0.01 per share) compared with net earnings of $0.40 million ($0.00 per share) for the six months ended June 30, 2017.  During the three months ended June 30, 2018, the Company reported net earnings of $1.30 million ($0.01 per share) compared with net loss of $1.51 million ($0.01 per share) for the three months ended June 30, 2017.

During the six months ended June 30, 2018, the TSX closing price of the Class B shares (a liability in the financial statements) decreased by Cdn. $0.025 (2017 – decreased by Cdn. $0.025) per Class B share, combined with a favourable movement in the USD:CAD exchange rate for the same period ended June 30, 2018, resulted in a non-cash gain of $3.17 million (2017 –$1.52 million), which was the primary factor impacting net earnings.

The Company continued to reduce its level of operations from previous years and manage its costs structure which resulted in general and administrative expenses, excluding non-cash share-based payments, marginally decreasing from $0.77 million to $0.72 million during the six months ended June 30, 2018.

Exploration spending during the six months ended June 30, 2108 decreased to $0.87 million from $1.26 million incurred in the first six months in 2017. The 2018 costs included $0.61 million incurred at Gold Springs and $0.26 million incurred at the Escalones property in Chile.

The Company continues to seek a partner to help advance Escalones towards development.

Subsequent to June 30, 2018 the Company gave notice to the convertible note holders, with a balance of $1.73 million, exercising the right to extend the maturity date from Jul 23, 2018 to July 23, 2020

Arbitration against the Government of Bolivia
On July 12, 2018, the Arbitral Tribunal informed the Parties that it had completed the award, that it had been transmitted to the Permanent Court of Arbitration (“PCA”), that the award was being translated and that it expected to issue the award by no later than August 2018. 

On August 2, 2018, one of the arbitrators advised that he had seriously fallen ill and was unable to continue with the arbitration.  On August 7, 2018, TMI’s wholly owned subsidiary South American Silver Limited (SASL) wrote to the PCA and to the Arbitral Tribunal seeking confirmation that this illness would not affect the expected timing for the issuance of the award.  On August 12, 2018, Bolivia wrote to the PCA requesting that a replacement arbitrator to be appointed and that the reconstituted Tribunal consider the possible repetition of the hearing and subsequent stages of the arbitration.  In response, on August 14, 2018, SASL wrote to the PCA and to the Arbitral Tribunal objecting to Bolivia’s requests and noting that, if necessary, Articles 14(2) and 34(4) of the 2010 UNCITRAL Rules expressly permit the two other arbitrators to sign and issue the award.

The President of the Tribunal responded to both Bolivia and SASL on August 14 requesting that the Parties refrain from presenting further submissions on this matter without prior instructions from the Tribunal and indicating that the Arbitral Tribunal will revert to the Parties shortly.

TMI will provide additional information as it becomes available.

The priorities of the Company for 2018 continue to be:

  • Focus the Company’s efforts toward the historic Gold Springs project in southern Utah and Nevada,  and advance the exploration and geologic understanding of the project to expand the gold resource and mitigate technical risk;
  • Seek an appropriate strategic partner with specific skills and experience in South America and in copper exploration to increase resources and move forward toward development of the Escalones copper‑gold porphyry-skarn project in Chile;
  • Participate with the Company’s legal team to pursue and finalize the international arbitration against Bolivia and recover full compensation based on the fair market value for the Malku Khota project; and
  • Actively manage the business of the Company to preserve cash, efficiently and effectively invest in meaningful activities, and pursue accretive and strategic capital raising opportunities.

Change in Chief Financial Officer and Corporate Secretary
The Company is pleased to announce the appointment of Mr. Killian Ruby as Chief Financial Officer and Corporate Secretary of the Company, effective August 15, 2018. Mr. Ruby is the President & CEO at Malaspina Consultants Inc. in Vancouver and focuses on clients in the resource and junior public sector. Mr. Ruby advises clients on matters related to financial management and public company reporting and is particularly adept at handling complex issues and multiple stakeholders with a collaborative, team-based approach.

Prior to joining Malaspina, Mr. Ruby was an Assurance Partner at Wolrige Mahon LLP working predominantly with resource and other junior public companies, and formerly was a Senior Manager with KPMG LLP working on a range of public companies and reporting issuers. He holds a BSc. (Accounting) from University College Cork, Ireland, a Post-Graduate Diploma in Corporate Treasury from Dublin City University, Ireland, and received his Chartered Accountant designations from Canada and Ireland in 2010 and 2002, respectively. Mr. Ruby’s appointment comes with the resignation of Ms. Rebecca Moriarty.

About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near-surface, oxide, heap-leachable Gold Springs gold project in mining friendly Utah and Nevada USA, and the Escalones copper-gold skarn/porphyry deposit in Chile.  The Company combines a track record of discovery and advancement of large projects, mining and exploration supportive jurisdictions, low political risk areas, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.

The Company’s common shares and Class B shares are listed on the Toronto Stock Exchange under the symbols “TMI” and “TMI.B” and the common shares and Class B(1) shares also trade on the OTCQX market under the symbol “TMIAF” and “TMIBF”.  Additional information related to TriMetals Mining Inc. is available at and on SEDAR at

Forward-looking Statements
Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “expect”, “plan”, “seek”, “continue”, “typical”, “will”, “intention”, “creating”, “and similar expressions. These forward- looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources or grade, recovery rates, metal prices, availability of sufficient financing to fund further required work in a timely manner and on acceptable terms, availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters as plans continue to be refined; and other risks more fully described in the Company's Annual Information Form filed and publicly available on SEDAR at The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada, Utah and Chile, the availability of equipment and qualified personnel to advance the Gold Springs project; and the execution of the Company's existing plans and further exploration and development programs for the Gold Springs Project, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.

Readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

(1) the Class B shares have no interest in the properties or assets of the Company. The Class B shares are only entitled collectively to 85% of the net cash, if any, (after deducting all costs, taxes and expenses and the third-party funder's portion thereof) received by TMI from award or settlement in relation to the Company’s subsidiary South American Silver Limited’s arbitration proceeding against Bolivia for the expropriation of the Malku Khota project in 2012.


CONTACT: TriMetals Mining Inc. Contact:
Eric Edwards
President & CEO

Lydian Announces Second Quarter 2018 Results

TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced today its results for the three and six months ended June 30, 2018. All dollar amounts referenced in this news release are, unless otherwise indicated, in United States dollars.

Lydian made good progress in May and early June 2018 on major construction and operational readiness activities at its 100%‐owned Amulsar Gold Project in Armenia, despite sporadic illegal blockades. Engineering was completed in all areas, and construction reached approximately 80% completion. 

Since late June, illegal blockades have been in place at Amulsar and continue to prevent the Company and its contactors from entering the Amulsar site. Armenian Prime Minister Pashinyan’s appeal instructing the protestors to discontinue the road blockades has shown limited results. Lydian and several stakeholders have continued to petition local and national government officials to enforce the law by removing the blockades and allowing the Company to resume construction activities. To date, the government has not acted on these additional requests.

To mitigate costs during the ongoing blockades, all construction contractors have been idled and termination notices have been provided to 30% of the Company’s workforce. Additional cost reductions are being considered. Prior to the start of the current blockades, management targeted gold production to commence in Q4 2018, with ramp‐up continuing into 2019. The illegal blockades will affect this schedule and the required capital to complete construction of the Amulsar Gold Project.

João Carrêlo, President and Chief Executive Officer of Lydian, stated, “We are pleased to have achieved overall construction progress of 80% during the quarter. Prior to the ongoing blockades, construction was advancing and tracking to first gold in Q4 2018. It is unfortunate that the government has chosen not to enforce the law and remove the illegal blockades, but we will continue to make every effort to resolve this situation as quickly as possible. Until a resolution is achieved, Lydian will continue to implement cost reduction initiatives, which will impact more than 1,300 employees and contractors, as well as the local communities and suppliers.

“As part of our commitment to responsible and transparent mining, we fully support independent and professional environmental compliance audits of Armenia’s mining sector. Pursuant to Lydian’s request, the audits commenced in July with the Amulsar Gold Project. The site audit of Amulsar is now complete, and we expect to receive the official findings in September.”

Second Quarter 2018 Highlights and Recent Developments

Financing – During Q2 2018 and to the date of this report, additional debt draws of $33.1 million were received. Management continued its focus to complete a restructuring of its funding instruments. Through these revisions, management is currently seeking a net cash flow benefit in excess of $40 million. This will reduce Lydian’s overall remaining funding requirement, but additional sources of funding will be required through issuance of equity.

Engineering – Engineering is 100% complete, with design work for the truck shop and wash bay being completed during Q2 2018.

Mine Operations – Pre-production mining activities continued during Q2 2018, with construction of the main mine haul road to the primary crusher, development of the run-of-mine pad at the primary crusher, and development of mining benches in the Tigranes pit.

Materials Handling System – The primary and secondary crushers have all been placed on their foundations, as has the apron feeder and vibrating grizzly at the primary crusher facility. Installation of the mechanicals in the screen house is complete with the exception of final adjustments and torqueing of fasteners. The overland conveyor drive house mechanicals have been installed, as have all the concrete sleepers and over 95% of the overland conveyor galleries. The coarse ore stockpile/reclaim system is structurally complete, and the contract has been awarded for the fine ore stockpile/truck load-out facility.

Heap Leach Facility – Liner installation commenced for the process and storm ponds during the quarter. Earthworks on the heap leach pad are almost complete and will be lined following the process ponds.

Gold Processing Facilities – The ADR Plant mechanicals have been completed and work started on installing piping, electrical, and instrumentation. The foundations for the reagent storage facility adjacent to the ADR Plant are nearly complete. The refinery building is over 90% finished.

Infrastructure – The main substation and 35kV distribution system are complete and ready to be energized once all the e-houses are placed and pre-commissioned. The 110kV line has been upgraded by the utility company and all preparations are in place to connect to the main substation. The contract for the construction and installation of the process and potable water system has been awarded. The gas line has been completed to the battery limits of the ADR plant and mine shop. Mine shop foundations have been completed and the building is being erected. The truck wash bay foundations are nearing completion.

Operational Readiness – Recruitment and training of mine and process operators continued. The mine department utilized shovel and truck simulators prior to in-field training on equipment. The quality and aptitude of the applicants was better than expected. The curriculum for process operator training has been established.

Sustainability – In April 2018, the Company reached 2,000,000 man hours without a lost time injury. The independent environment and social consultant completed its audit in June covering areas of ARD, cyanide systems, environmental monitoring, site-wide water, surface and ground water management, dust management, and other environmental management systems. Management plans have been adjusted accordingly.

Following the initiative by the new administration to undertake a comprehensive environmental audit of Armenia’s mining sector, Lydian proposed it be the first company to be audited.  The Environmental and Mining Inspection Agency commenced its site audit of the Amulsar Project in July 2018. The audit was completed in early August 2018.  The official findings of the audit have yet to be disseminated.

Separately, a fact-finding working group was established by Prime Ministerial decree with 24 nominated members and augmented by 18 representatives of civil society to review impacts attributed to mining activities and performance with respect to international best practices. The working group formally commenced its work in August 2018. As mandated by the decree, the working group is to complete its findings in September 2018. 

Appointments – Mr. Russell Ball was appointed as director of Lydian on June 28, 2018. Mr. Ball is a former Executive Vice President and Chief Financial Officer of Goldcorp Inc. and Newmont Mining Corporation. Mr. Ball has over 20 years’ experience in the mining industry and currently serves as a director on the Boards of Trevali Corporation, Columbus Gold Corporation, and Allegiant Gold Limited.

Howard Stevenson resigned as President and Chief Executive Officer of Lydian effective May 1, 2018. Mr. João Carrêlo was appointed as President and Chief Executive Officer of Lydian effective May 1, 2018. Mr. Carrêlo is a senior mining executive with over 34 years of international experience in the mining and resources sectors. He currently serves as a non-executive director on the boards of TMAC Resources, Inc. and Lucky Minerals, Inc. His experience includes the management of underground and open pit projects and operations, with exposure to precious metals, base metals, coal and industrial minerals in Latin America, Europe, India, and Africa.

To view construction photos and videos, please visit

About Lydian International Limited

Lydian is a gold developer focusing on construction at its 100%-owned Amulsar Gold Project, located in south-central Armenia. Amulsar will be a large-scale, low-cost operation with production targeted to average approximately 225,000 ounces annually over an initial 10-year mine life. Open pit mining and conventional heap leach processing contribute to excellent scale and economic potential. Estimated mineral resources contain 3.5 million measured and indicated gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral resources beyond current reserves and open extensions provide opportunities to improve average annual production and extend the mine life. Lydian is committed to good international industry practices in all aspects of its operations including production, sustainability, and corporate social responsibility. For more information and to directly contact us, please visit

 For further information, please contact:

Doug Tobler, Chief Financial Officer
+1 720-307-5087
Pamela Solly, Vice President of Investor Relations
+1 720-464-5649


Caution regarding forward-looking information

There can be no assurances as to the timing, magnitude or impact of future protests or blockades affecting Amulsar, if any, or the success of the Company’s ongoing attempts to mitigate such risks. The Company does not intend to comment further upon protests, blockades or similar disruptions unless required by law, it deems further disclosure is appropriate, or where appropriate in the context of its normal course disclosure on construction, operational and financial matters. The Company makes reference to the risk factors outlined in section 4.2 of its most recent Annual Information Form, dated March 28, 2018, including risk factor disclosure under the headings “Single Property Focus”, “Community and Social” and “Foreign Operations”.

Certain information contained in this news release is “forward looking”. All statements in this news release, other than statements of historical fact, that address events, results, outcomes or developments that the Company expects to occur are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “intends”, “anticipates” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “will”, “would”, “should”, or “occur” or the negative or other variations of such terms. Forward-looking statements in this news release include, among others, statements with respect to: the illegal blockades at the Amulsar site and potential cost reductions as a result; the Company’s assessment of alternatives for dealing with the blockades, the Company’s ability to carry out comprehensive revisions to its senior credit, stream, and offtake agreements, potential future employee reductions, the realization of mineral resource estimates and the timing of development of the Amulsar Gold Project, including the expected start date of gold production; restructuring of funding instruments and potential funding through the issuance of equity; the expected and estimated cost of operations and capital costs at the Amulsar Gold Project; the current Amulsar Gold Project construction schedule, the commitment to and implementation of good international industry practices; the expected gold production from, and life of mine of, the Amulsar Gold Project; the formation of the Armenian Government; the impact of management in relation to the Company’s strategic growth objectives; the magnitude or impact of historical and future (if any) protests or blockades affecting Amulsar and the success of the Company’s ongoing attempts to mitigate such risks; the response of the Armenian government to future (if any) protests or blockades affecting Amulsar; the impact of protests, blockades or similar disruptions on the Company’s construction, operations and financial performance; and the expected mining methods at the Amulsar Gold Project. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered when the property is developed.

Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, without limitation: changes in gold and silver prices; adverse general economic, political, market or business conditions; unwillingness of the Company’s creditor’s to amend the senior credit, stream, and offtake agreements; failure to achieve the objectives of the future exploration and drilling programs; regulatory changes; as well as "Risk Factors" included in the disclosure documents filed on and available at Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Friedman Industries, Incorporated Announces First Quarter Results

LONGVIEW, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated, headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments; coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.  

The Company announced today its results of operations for the first quarter. For the quarter ended June 30, 2018, the Company recorded net earnings of $3,599,893 ($0.51 diluted earnings per share) on sales of $48,193,318 compared to net earnings of $364,330, as adjusted for the change in accounting principle discussed below, ($0.05 diluted earnings per share) on net sales of $23,083,269 for the quarter ended June 30, 2017. Effective April 1, 2018, the Company changed its method for valuing prime coil inventory of the coil segment from the last-in, first-out (“LIFO”) method to the average cost method. The effects of the change in accounting principle from LIFO to average cost have been retrospectively applied to June 30, 2017 results. The Company believes the average cost method is preferable as it more closely resembles the physical flow of our inventory, it better matches revenues with expenses and it aligns with how we internally manage our business. As a result of the retrospective application of the change in accounting principle, certain financial statement line items in the Company’s consolidated balance sheet as of March 31, 2018 and its consolidated statement of operations and consolidated statement of cash flows for the quarter ended June 30, 2017 were adjusted as disclosed in Note B – Change In Accounting Principle of our quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 14, 2018.

   Three Months Ended June 30,
   2018  2017
As Adjusted
Net Sales $  48,193,318  $  23,083,269 
Total costs and     
  other income   43,430,805     22,573,978 
Earnings before     
  income taxes   4,762,513     509,291 
Income taxes   1,162,620     144,961 
Net earnings$  3,599,893  $  364,330 
Weighted average shares outstanding:     
  Basic    7,009,444     7,009,444 
  Diluted    7,009,444     7,009,444 
Net earnings per share:     
  Basic $  0.51  $  0.05 
  Diluted $  0.51  $  0.05 

The improved results for the 2018 quarter were driven by an increased volume of shipments for both the coil and tubular segments. For the 2018 quarter, coil segment sales volume increased approximately 9,500 tons, or 36%, and tubular segment sales volume increased approximately 17,500 tons, or 250%, from the comparable 2017 quarter volumes. The Company’s results for the 2018 quarter were positively impacted by the effects of the U.S. government’s Section 232 steel trade actions, sustained improvement of the U.S. energy industry and the current steel industry and U.S. economic conditions in general. Management expects sales volumes in the second quarter to be similar to the first quarter volumes but expects both coil segment and tubular segment margins to contract somewhat.

For further information, please refer to the Company's Form 10-Q as filed with the SEC on August 14, 2018 or contact Alex LaRue, Chief Financial Officer – Secretary and Treasurer, at (903)758-3431.

Lithium Americas Reports Second Quarter 2018 Financial and Operating Results

VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX:LAC)(NYSE:LAC) ("Lithium Americas" or the "Company") has announced its financial and operating results for the second quarter ended June 30, 2018.

This news release should be read in conjunction with Lithium Americas’ unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the six months ended June 30, 2018, which are available on Lithium Americas’ website and on SEDAR.



  • Development activities continue as planned with the advancement of detailed engineering, ponds and camp construction, plant design and supply purchases, with Stage 1 production expected to commence in 2020.

  • Engineering for the infrastructure is over 89% complete and, due to certain changes not affecting the overall schedule, is scheduled to be completed during the second half of 2018. Plant design for Phase I shows a progress of 74% on track to issue the first plant construction bid work packages in late 2018.

  • Evaporation ponds construction commenced in early February 2018 and the filling of the ponds is expected to begin in the second half of 2018.  Earth works, production well drilling and hydrological testing are underway.

  • $29 million has been advanced to Minera Exar during the first half of 2018 by the Joint Venture partners (including $14.5 million by the Company) in the form of equity contributions and loans.

  • There are currently approximately 400 people working in Argentina, including direct employees and contractors.

  • In addition to the scope currently under execution by Hatch Ltd. (“Hatch”) for the detailed engineering of the project, Hatch has also been engaged to provide project controls services to the project.

  • In May 2017, a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) that summarizes the Stage 1 Definitive Feasibility Study was filed on SEDAR at and an updated technical report was filed on January 17, 2018.

Lithium Nevada:

  • On June 21, 2018 the Company announced the preliminary PFS results and on August 2, 2018 the Company filed the Preliminary Feasibility Study (“PFS”) for its Thacker Pass lithium project. The PFS, prepared and approved by WorleyParsons Canada Inc., demonstrates a design capacity of 60,000 tonnes per annum (“tpa”) of battery-grade lithium carbonate (“Li2CO3”) with initial production capacity of 30,000 tpa (“Phase 1”) and increasing to 60,000 tpa (“Phase 2”). The PFS contemplates average life of mine (LOM) operating costs of $2,570/t of Li2CO3, net of credits from sulfuric acid and electricity sales. Initial capital costs, including a 19% contingency, are estimated at $581 million for Phase 1, and $478 million for Phase 2. Average annual EBITDA of $520 million ($246 million – Phase 1), after-tax NPV of US$2.6 billion (at an 8% discount rate) and after-tax IRR of 29.3% are projected, assuming a price of US$12,000/t for battery-grade Li2CO3.

  • On April 5, 2018 the Company updated the Measured and Indicated mineral resource at its Thacker Pass project to 6.0 million tonnes of lithium carbonate equivalent (“LCE”) at 2,917 parts per million lithium (“ppm Li”) and the Inferred mineral resource to 2.3 million tonnes of LCE at 2,932 ppm Li. This represents an approximate 80% increase in the Measured and Indicated mineral resource from the Company’s 2016 resource estimate and establishes Thacker Pass as the largest known claystone lithium resource in the United States.

  • Lithium Nevada has identified extensions of high-grade (average 3,998 ppm Li) and near-surface lithium mineralization adjacent and northwest of the proposed 2012 pit boundary.

  • The Company is considering potential partnership and financing scenarios to advance the Thacker Pass project.


  • The sales of RheoMinerals for the six months ended June 30, 2018 were $2.0 million (2017 – $2.8 million).

  • In 2016, RheoMinerals entered into a “Technical Assistance and Royalty Agreement” with Delmon Co. Ltd. in relation to the construction of a manufacturing facility by The Delmon Group of Companies in Saudi Arabia. The plant is undergoing commissioning and product sales from the plant are expected to commence in Q4 2018. Delmon has achieved product certification with the leading Saudi Arabia oil producer, for the organophilic leonardite product, DEL-TROL HT, that will be manufactured at the new facility in Dhahran, Saudi Arabia. Delmon is currently in the process of achieving certification of its product, DEL-GEL organophilic bentonite. The Company is entitled to net profit and gross profit royalties from the future production of the plant.


  • In February 2018, the Company filed a final short form base shelf prospectus in each province of Canada, other than the Province of Quebec, to qualify the distribution, from time to time over a 25-month period, of up to $500 million of the Company’s debt and equity securities. The Company also filed a corresponding shelf registration statement with the SEC on Form F-10 under the Multijurisdictional Disclosure System. While the Company has no immediate plans to raise capital, the shelf prospectus provides financial flexibility and the ability to efficiently access capital markets as the Company pursues future growth opportunities in Argentina, Nevada or elsewhere.
  • As at June 30, 2018, the Company had US$31.5 million in cash and cash equivalents.  As a result of the completion of investment agreements with GFL International Co., Ltd. (“Ganfeng”) and The Bangchak Petroleum Public Company Limited in 2017, the Company has a US$205 million credit facility to finance its share of capital expenditures with respect to the Minera Exar. On August 8, 2018 the Company received $5 million on its first drawdown of this credit facility.     


  • In January 2018, the Company announced that it had received approval for the listing of its common shares (“Common Shares”) on the NYSE. The Common Shares opened for trading on the NYSE on January 25, 2018.

Subsequent Event:

  • On August 13, 2018 the Company announced that it has entered into agreements to implement several transactions (together, the “Transaction”), pursuant to which, among other things, a subsidiary of SQM has agreed to sell its interest in Minera Exar to a subsidiary of Ganfeng. As a result of the Transaction, Lithium Americas’ interest in the Caucharí-Olaroz project will increase from 50% to 62.5% with Ganfeng holding the remaining 37.5% interest.  In connection with the Transaction, Ganfeng has also agreed to provide Lithium Americas with a new $100 million unsecured, limited recourse, subordinated loan facility. With this new source of financing, the Company expects to have more than sufficient financial resources to fully fund its 62.5% share of Minera Exar’s capital expenditures related to Stage 1 of the Caucharí-Olaroz project.

    In addition, Ganfeng has also agreed to provide a loan to Minera Exar to permit Minera Exar to repay $25 million of its outstanding indebtedness to the Company.

    The closing of the Transaction is subject to customary closing conditions.

Financial Results:

The following selected financial information is presented in thousands of US dollars, shares in thousands, unless otherwise stated and except per share amounts

The following table summarises the key items that resulted in the decrease in net loss for the three months ended June 30, 2018 (Q2 2018) versus the three months ended June 30, 2017 (Q2 2017), as well as certain offsetting items:

Financial resultsQuarter ended June 30, Change 
 2018 2017   
 $ $ $ 
Organoclay sales855 1,612 (757)
Cost of sales(1,312)(1,815)503 
Exploration expenditures(2,205)(829)(1,376)
Organoclay research and development(141)(91)(50)
General and administrative expenses(3,887)(1,211)(2,676)
Share of loss in Joint Venture(106)(3,482)3,376 
Stock-based compensation(1,014)(2,356)1,342 
Foreign exchange gain/(loss)876 (1,672)2,548 
Other income/(expense)285 118 167 
Net Loss(6,649)(9,726)3,077 

Net loss for the three months ended June 30, 2018 was $6,649 compared to $9,726 for the three months ended June 30, 2017. The decrease in the net loss was mainly attributable to the lower loss from the Joint Venture (as most costs were capitalized in the three months ended June 30, 2018, but expensed during the three months ended June 30, 2017), lower stock-based compensation and higher foreign exchange gain partially offset by higher exploration expenses at the Thacker Pass project and higher general and administrative expenses. Basic and diluted loss per share was $0.08 in Q2 2018 versus $0.15 in Q2 2017. 

The organoclay sales in Q2 2018 was $855 (Q2 2017 - $1,612), with related production costs of $1,125 (Q2 2017 - $1,633), depreciation expense of $184 (Q2 2017 - $222), and inventory writedown of $3 (Q2 2017 – reversal of $40) resulting in gross loss from organoclay sales of $457 (Q2 2017 - $203). The decrease in sales is due to the timing of oil drilling products orders which rebounded in July, 2018.

Organoclay research and development costs are consistent from period to period and include costs of operating the research and development team and lab for new organoclay product development.

Exploration expenditures in Q2 2018 of $2,205 (Q2 2017 – $829) include expenditures incurred for the Thacker Pass project. The increase in the Company’s exploration expenditures is mostly due to advancing the Thacker Pass project.

Loss from the Joint Venture in Q2 2018 of $106 (Q2 2017 – $3,482) represents the Company’s share of the Joint Venture losses for the Cauchari-Olaroz project. In July 2017, the Joint Venture’s Cauchari-Olaroz project entered the development phase. Effective July 1, 2017, all costs directly attributable to the project are being capitalized. The Company’s share of the Joint Venture losses decreased in Q2 2018 compared to Q2 2017 as the majority of costs incurred in Q2 2018 were capitalized as project development costs.

Stock-based compensation in Q2 2018 of $1,014 (Q2 2017 - $2,356) is a non-cash expense and consists of the $766 (Q2 2017 - $839) estimated fair value of stock options vested during the period and the $248 (Q2 2017 - $1,517) fair market value of restricted shares. In Q2 2018 the Company granted 21 restricted shares to its employees. The increase in this category was due to vesting of the 2017 stock option grants and restricted share awards to the Company’s employees and officers.

Included in General and Administrative expenses in Q2 2018 of $3,887 (Q2 2017 - $1,211) are:

  • Office and administrative expenses of $314 (Q2 2017 - $163) includes Vancouver, Reno, and Toronto office rent, insurance, IT, telephone, and other related expenses and RheoMinerals’ general office expenses. The increase in this category is mainly due to higher directors’ and officers’ insurance costs as a result of the NYSE listing.  

  • Professional fees of $367 (Q2 2017 - $108) consist of legal fees of $218 (Q2 2017 – $20), consulting fees of $64 (Q2 2017 - $12), public relations fees of $3 (Q2 2017 - $31), and accounting fees of $82 (Q2 2017 - $44). Professional fees were higher in Q2 2018 due to increased activities at corporate and Lithium Nevada. 

  • Salaries and benefits of $2,183 (Q2 2017 - $525) include salaries, benefits, and bonuses for the Company’s employees and directors’ fees. The increase in salaries and benefits is due to hiring additional employees in the second half of 2017 and Q1 2018 and annual bonuses in Q2 2018.

  • Regulatory and filing fees were $524 (Q2 2017 - $42). The increase is due to the costs of listing the Company on the NYSE and filing of the base shelf prospectus on February 7, 2018.

Other Income/expense in Q2 2018 includes a foreign exchange gain of $876 (Q2 2017 – loss of $1,672). The gain was due to the strengthening of the US dollar against the Canadian dollar and a higher US dollar denominated cash balance in the Q2 2018 period. The Company holds most of its cash in US currency.

Other income in Q2 2018 was $285 compared to other income of $118 in Q2 2017. Included in other income in Q2 2018 are $155 in interest income on cash and $264 interest income on the loans to the Joint Venture. Included in other income in Q2 2017 was mainly interest income on cash.

Qualified Person:

The scientific and technical information in this news release has been reviewed and approved by Dr. Rene LeBlanc, a Qualified Person for purposes of NI 43-101 by virtue of his experience, education and professional association.  Mr. LeBlanc is a Senior Chemical Engineering Manager at Lithium Nevada Corp., a wholly-owned subsidiary of the Company. Information on the Company’s data verification and QA / QC procedures is contained in Lithium Americas’ most recently filed press-release dated August 2, 2018 and the current technical reports for the Thacker Pass project, available at

About Lithium Americas:

Lithium Americas is developing Caucharí-Olaroz, under construction in Jujuy, Argentina, and on closing of the Transaction will have a 62.5% interest in Cauchari-Olaroz with Ganfeng holding a 37.5% interest. In addition, Lithium Americas owns 100% of the Thacker Pass project (formerly Stage 1 of Lithium Nevada project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.

For further information contact:
Lithium Americas Corp.
Investor Relations
Suite 1150 – 355 Burrard Street
Vancouver, BC, V6C 2G8
Telephone: 778-656-5820

Forward-looking statements:

This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. Such forward-looking information is subject to various risks and uncertainties. Forward-looking information in this news release includes, but is not limited to, statements with respect to development activities, the achievement of technical and development milestones, ability to fund Cauchari-Olaroz project, commencement of production at Cauchari-Olaroz, the potential for partnership and financing scenarios for the Thacker Pass project, and completion of the transactions related to the sale by SQM of its interest in Minera Exar to a subsidiary of Ganfeng. Forward looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information, including, but not limited to, risks and uncertainties related to whether there will ever be production at the Company’s mineral properties, geological, technical, drilling or processing problems, environmental liabilities and risks inherent in mineral extraction operations, lack of availability of additional financing, and obtaining regulatory approvals in a timely manner, or at all. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.

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Metals and Mining Expert Corner - David Stein of Aerecura Capital Corp. talks metals and mining with David Stein of Aerecura

David Stein

Aerecura Capital Corp Discusses the Mining Sector and Alternative Financing Options for Juniors

"2016 was an oasis year in what has been a long desert for financing junior miners" - David Stein, MSc., CFA

Full interview - read here

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