LiCo Energy Announces Amending Agreements with Nevada Energy Metals Inc.
1220‐789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521‐0207
LiCoEnergyMetals.com
LiCo Energy Announces Amending Agreements with Nevada Energy Metals Inc.
NEWS RELEASE
September 14, 2017: Vancouver, British Columbia; ‐ LiCo Energy Metals Inc. (the “Company “or “LiCo”)
TSX‐V: LIC; OTCQB: WCTXF announces that it has amended two Option Agreements with Nevada Energy
Metals Inc. (“Nevada”) as follows:
Dixie Valley – Churchill County, Nevada
Further to an Option Agreement dated July 14, 2016 with Nevada to acquire up to a 100% interest in the
Dixie Valley Property, the parties have entered into an Amending Agreement to amend the next Option
share payment of 2,000,000 shares that was due to be paid to Nevada on the second anniversary of the
Option Agreement will now be paid upon signing the Amending Agreement; along with other work and
development commitments. All other terms of the Option Agreement remain the same.
Black Rock Desert – Washoe County, Nevada
Further to an Option Agreement dated November 10, 2016 with Nevada to acquire up to a 70% interest
in the Dixie Valley Property, the parties have entered into an Amending Agreement to amend the
Agreement so that the Company may now earn a 100% interest in the Property; the next two Option
share payments of 3,000,000 shares that were due to be paid to Nevada on the first and second
anniversary of the Option Agreement will now be paid upon signing the Amending Agreement; along
with other work and development commitments. All other terms of the Option Agreement remain the
same.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company who's primary listing is on the TSX
Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to
the manufacture of lithium ion batteries.
Glencore Bucke Cobalt Project, Cobalt, Ontario: The Company has entered into a property purchase
agreement to acquire a 100% interest from Glencore Canada Corporation (subsidiary of Glencore plc) in
the Glencore Bucke Property, situated in Bucke Township, 6 km east‐northeast of Cobalt, Ontario,
subject to a back‐in provision, production royalty and off‐take agreement. Strategically, the Glencore
Bucke Property consists of 16.2 hectares and sits along the west boundary of LiCo’s Teledyne Cobalt
Project. The Property covers the southern extension of the #3 vein that was historically mined on the
neighbouring Cobalt Contact Property located to the north of the Glencore Bucke Property. Diamond
drilling in 1981 on the Glencore Bucke Property delineated two zones of mineralization measuring 150
m and 70 m in length.
Ontario Teledyne Cobalt Project:
The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project
located near Cobalt. Ontario. The Property adjoins the south and west boundaries of claims that hosted
the Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs.
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of cobalt and 980,000 oz. of silver. A significant portion of the cobalt that was produced at the Agaunico
Mine located along structures that extended southward onto property currently under option to LiCo
Energy Metals.
Chile Purickuta Lithium Project:
The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2, being
about 100 km long, 80 km wide and home to approximately 37% of the worlds Lithium production. The
salar possesses a very high grade of both Lithium (1,840mg/l) and Potassium (22,630mg/l and is close to
power, labour, communications, transportation and other infrastructure. The property of 160 hectares
is enveloped by a concession owned by Sociedad Quimica y Minera (“SQM”) and lies, significantly,
within a few kilometers of the property of CORFO (the Chilean Economic Development Agency) where
its leases to both SQM and Albermarle’s Rockwood Lithium Corp Together these two companies have
combined production of over 62,000 tonnes of LCE (Lithium Carbonate Equivalent) annually making up
100% of Chile’s current lithium output. The unique characteristics of Salar de Atacama make finished
lithium carbonate easier and cheaper to produce than any of its peer group globally.
Purickuta is a smaller exploitation concession rather than a large exploration concession thereby
accelerating the task of taking the project to production once a measured reserve can be established.
Currently, the Chilean government retains ownership of lithium separate from other minerals and thus
production can only proceed upon receipt of a special lithium operation contract know as a “CEOL”. In
the future, it will be necessary for LiCo and partner to negotiate a production contract with CORFO
concurrently with completing any positive feasibility study. “Chile, which has one of the world's most
plentiful supplies of lithium, is pushing ahead with new policies to develop those reserves”. (Reuters Jan
2, 2017).
Nevada Dixie Valley Lithium Project:
The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium
exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. The geologic setting and
presence of lithium in active geothermal fluids and surface salts in Dixie Valley match characteristics of
producing lithium brine deposits at Clayton Valley, Nevada and in South America.
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an undivided
100% interest, subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock
Desert, Washoe County, Nevada.
The Company is planning an exploration programs for all its properties over the next several months.
On Behalf of the Board of Directors
Tim Fernback, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward‐Looking Information:
This news release may contain forward‐looking statements which include, but are not limited to,
comments that involve future events and conditions such as the Company’s ability to exercise the Option,
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which are subject to various risks and uncertainties. Except for statements of historical facts, comments
that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially
from forward‐looking statements.