Dajin Resources and Enirgi Group Sign MOU FOR Exclusive Access to Lithium Dxp Technology IN USA
Suite 450-789 West Pender Street Telephone: (604) 681-6151
Vancouver, BC V6C 1H2 Fax: (604) 689-7654
www.dajin.ca Email: [email protected]
PRESS RELEASE
DAJIN RESOURCES AND ENIRGI GROUP SIGN MOU FOR
EXCLUSIVE ACCESS TO LITHIUM DXP TECHNOLOGY IN USA
September 7, 2017 - Vancouver, BC - Dajin Resources Corp. (“Dajin”) (TSX-V: DJI) (OTC: DJIFF) (Germany: C2U1)
is pleased to announce that it has signed a non -binding Memorandum of Understanding (MOU) with Enirgi Group
Corporation (Enirgi Group), headquartered in Toronto, Canada. Enirgi Group is a multinational conglomerate that has
developed a new, efficient, cost effective technology for extracting Lithium carbonates from Lithium bearing brines
using their Direct Extraction Process Technology (DXP Technology). With this technology, the use of invasive solar
evaporation pond networks will not be required. Through their Innovation Division, based in Sydney, Australia, Enirgi
Group is in the final stages of commissioning a commercial scale demonstration plant capable of producing one tonne
per day of battery grade Lithium carbonate from their flagship lithium project at the Salar del Rincón located in the
Province of Salta, Argentina (the “Rincón Project”). The MOU gives Dajin exclusive access to the Enirgi Group’s
DXP Technology and future processing facilit ies constructed in the United States. Dajin will be responsible for the
sourcing and delivering of lithium bearing brine from their current and future projects in the United States.
Upon the production of 20 tonnes cumulative battery grade lithium carbonate at the Rincón Project, signing a Definitive
Agreement, consideration of provision to Dajin of Enirgi Group services, and having exclusive access to processing
facilities, Dajin will issue to Enirgi Group common shares of its capital in an amount which represents 19.5% of the
issued shares of Dajin (post-issuance), calculated based on the number of shares issued of Dajin outstanding as of the
date of acceptance of a Definitive Agreement by the TSX Venture Exchange.
Upon the completion of a Definitive Feasibility Study (DFS) for the construction of a processing facility and acceptance
by the TSX Venture Exchange, Dajin will issue to Enirgi Group additional common shares of its capital in an amount
which represent 10.5% of the issued shares of Dajin (post -issuance), calculated based on the number of issued shares
of Dajin outstanding as of the date of the completion of the DFS.
LSC Lithium Corp. (“LSC”), a lithium exploration company in Argentina, entered into an earn-in agreement with Dajin
in 2016 for the development of Dajin’s extensive Lithium exploration land holdings in Jujuy Province, Argentina. This
agreement also provides access to the Enirgi Group processing facilities in Argentina.
Enirgi Group’s CEO Wayne Richardson commented, “We are pleased to have this association with Dajin who
understand and appreciate the significance of a cost effective and demonstrable commercial process that minimizes
water consumption for the production of battery grade Lithium carbonate . We have been working for several years
and have spent over $200 million dollars on developing the Rincón Project and our DXP Technology. We believe our
process will have a major impact on the processing of Lithium brines in the future worldwide.”
Dajin’s President Brian Findlay remarked, “This relationship will provide Dajin exclusive access to Enirgi Group’s
DXP Technology which is going through the certification process at their Rincón P roject located in Argentina’s part
of the “l ithium triangle. ” After extensive review of other known Lithium brine processing technolog ies, Dajin’s
management has determined the DXP Technology to be the most advanced on the market today.”
Dajin holds two key exploration projects in Nevada: the Teels Marsh valley and Alkali Lake valley. The Teels Marsh
Lithium brine project has identified near-surface Lithium-bearing brines, water rights have been acquired, and there is
minimal land fragmentation. A recent seismic survey confirmed the closed basin beneath the playa is up to 8,200 feet
(2,500 metres) deep. In March, the Bureau of Land Management accepted Dajin’s Notice to proceed with civil works
and drilling as part of its exploration for Lithium brines at Teels Marsh. A National Instrument 43-101 report on the
Teels Marsh project was released in April.
About Enirgi Group: (www.enirgi.com )
Enirgi Group is a privately held multinational conglomerate with six unique divisions that own and operate a portfolio
of high-quality assets and operations located around the world. Enirgi Group’s newly formed Advanced Materials
Division is developing its Rincón Project located in the province of Salta , Argentina. Enirgi Group is focused on the
development of innovative technologies to sustainably progress numerous projects around the globe with the goal of
becoming a leading low-cost, high quality producer of specialty chemicals and energy storage solutions.
Enirgi Group is wholly -owned by Sentient Group. The Sentient Group Limited is an independent private equit y
investment firm specializing in the global resources industry with over $2.7 billion of assets under management in metal,
mineral and energy assets across the globe.
About Dajin: (www.dajin.ca)
Dajin is an early stage Lithium exploration company holding a 100% interest in 403 placer claims covering 7,914 acres
(3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium
and Boron values and are adjacent to the birth place of US Borax Corp’s first borax mine. Dajin also holds a 100%
interest in 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake valley of Esmeralda County,
Nevada, located 7 miles (11 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.
Dajin, through Dajin Resources S.A. (“Dajin S.A.”), holds concessions or concession applications in Jujuy Province,
Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values. These
concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt
lakes basin. Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51%
interest in Dajin S.A.’s Lithium properties while building a significant presence in Argentina. (click here for information
on LSC Lithium Corporation)
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay For further information please contact:
President & CEO Julie Hajduk at 1 604-609-6151or [email protected]
Head of Corporate Development
ON BEHALF OF ENIRGI GROUP’S BOARD OF DIRECTORS
Wayne Richardson For further information please contact:
CEO Jessica Helm at 1 416-365-2783 or [email protected]
VP Corporate Communications
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.