LiCo Energy Grants Stock Options
1220-789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521-0207
LiCoEnergyMetals.com
LiCo Energy Grants Stock Options
PRESS RELEASE
Vancouver, BC – February 7, 2020 – LiCo Energy Metals Inc. (“the Company“ or “LiCo”) TSXV:
LIC, OTCQB: WCTXF announces that it has granted stock options to certain directors, officers and
consultants of the Company to purchase an aggregate 2,500,000 common shares in the capital of the
Company. The stock options are exercisable for a term of five years from the date of grant at an
exercise price of $0.05 per share. All stock options are granted in accordance with the terms of the
Company’s Stock Option Plan and the policies of the TSX Venture Exchange. The stock options
granted are also subject to a four month and a day hold period from the date of grant in accordance
with applicable securities laws.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose 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.
Ontario Cobalt Properties : The Company has entered into an Option Agreement with Surge
Exploration Inc. (“Surge”) whereby Surge can earn an undivided 60% interest in the Glencore Bucke
and the Teledyne Cobalt Properties, located in Cobalt Ontario, subject to certain cash, share and
exploration payments to LiCo. Upon Surge having exercised the Option, Surge will have earned an
undivided 60% interest in the Cobalt Properties, and the parties will enter into a Commercially
Reasonable and Definitive Joint Venture Agreement.
LiCo has received an independent third-party fairness opinion from an experienced and qualified
P.Geo. relating to the Cobalt Properties. The fairness opinion confirms and concludes the terms of
the Option Agreement between the Company and Surge is fair to the shareholders of the Company.
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.
On Behalf of the Board of Directors
“Rick Wilson”
Rick Wilson, 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, 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.