LiCo Energy Closes Private Placement
1220‐789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521‐0207
LiCoEnergyMetals.com
LiCo Energy Closes Private Placement
PRESS RELEASE
May 26, 2017: Vancouver, British Columbia; ‐ LiCo Energy Metals Inc. (“the Company“ or
“LiCo”) TSX‐V: LIC, OTCQB: WCTXF is pleased to announce that further to its news release
dated May 23, 2017, the Company has closed its private placement offering raising gross
proceeds of $550,000. The Company issued 4,583,334 units at $0.12 per unit (the “Units”). The
Company also paid finder’s fees in the amount of 458,333 Units in connection with the private
placement, subject to TSX Venture Exchange approval.
Each Unit is comprised of one common share of the Company and one share purchase warrant.
Each warrant will entitle the holder thereof to purchase one additional common share of the
Company at an exercise price of $0.14 per share, for a period of two years from closing.
The proceeds of the Private Placement will be used for advancement and development of the
Company’s mineral exploration projects and for general working capital purposes.
All securities issued in connection with the private placement are subject to a four month and a
day hold period expiring on September 27, 2017.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a well funded 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.
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
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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
Jan2, 2017).
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.
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.
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 70%
interest, subject to a 3% Net Smelter Return Royalty, in the Black Rock Desert Lithium Project that
consists of 128 placer claims (2,560 acres/ 1,036 hectares) 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 the Company’s ability to exercise the Option, 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.