LiCo Energy Metals - Appoints Anthony Jackson as Director
1220-789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521-0207
LiCoEnergyMetals.com
PRESS RELEASE
LiCo Energy Metals - Appoints Anthony Jackson as Director
April 18, 2018: Vancouver, British Columbia; - LiCo Energy Metals Inc. (“the Company” or
LiCo”) TSX-V: LIC, OTCQB: WCTXF is pleased to announce the appointment of Mr. Anthony
Jackson to the LiCo Board of Directors. Mr. Jackson is a Principal at BridgeMark Financial Corp.
providing administration, corporate compliance, and financial reporting activities to publi c and
private companies. Mr. Jackson is also founder of Jackson & Company Chartered Accountants
assisting private and public companies with full service accounting and tax functions. Prior to his
time at BridgeMark, Mr. Jackson spent a number of years work ing at Ernst & Young LLP while
obtaining his CA designation before moving onto work as a senior analyst at a boutique
investment banking firm. Most recently Mr. Jackson has had extensive experience as a Director
and CFO of numerous publicly traded corporations in the metals and mining industry. Mr. Jackson
holds a Bachelor of Business Administration degree from Simon Fraser University and the
professional designation of Chartered Accountant (CA), where he is a member of the BC and
Canadian Institute of Chartered Accountants.
Mr. Tim Fernback, LiCo’s President & CEO states “We would like to welcome Anthony to our
team. Anthony is a seasoned mining executive with an extensive accounting background having
trained for several years at Ernst & Young LLP, one of the world’s top accounting and financial
consultancy firms. Anthony has been involved with several successful junior public mining
companies in the past, including energy metal and cobalt explorers. This experience will be
valuable to the company as we move our exploration projects forward.”
Concurrent with Mr. Jackson’s appointment, LiCo further announces the resignation of Mr.
Dwayne Melrose as a Director. We wish Mr. Melrose well with his future endeavors.
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.
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Glencore Bucke Cobalt Project (Cobalt, Ontario): The Company has purchased 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 (Cobalt, Ontario):
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
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produced at the Agaunico Mine located along structures that extended s outhward onto the
Teledyne property. T he Company completed a total of 11 diamond drill holes totaling 2,200 m
in the fall of 2017. The drilling has confirmed cobalt mineralization present on the Property which
is consistent with historical grades as repo rted historically by Cunningham -Dunlop (1979) and
Bressee (1981), disclosed in earlier news releases. These reports are available in the public
domain through MNDM’s AFRI database.
NI 43-101 Reports for both the Teledyne and Glencore Bucke Properties, are publicly available
on www.SEDAR.com as well as the Company’s website. LiCo’s recently completed diamond
drilling program (September to December 2017) consisted of both twinning and infill drilling of
the historical drill holes located on both the Teledyne Cobalt and Glencore Bucke Properties.
Purickuta Lithium Project (Chile):
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 hom e to approximately 37% of the worlds Lithium
production and Chile itself holds 53% of the world’s known lithium reserves (Source: Bloomberg
Markets – June 23, 2017, “Lithium Squeeze Looms as Top Miner Front-Loads, Chile Says”). The
property is 160 hectares large and is enveloped by a concession owned by Sociedad Quimica y
Minera (“SQM”) and lies within a few kilometers of a property owned by CORFO (the Chilean
Economic Development Agency) where its leases land to both SQM and Albermarle’s Rockwood
Lithium Corp. (“Albermarle”) for lithium extraction. Together these two companies, SQM and
Albermarle, have a combined annual production of over 62,000 tonnes of LCE (Lithium Carbonate
Equivalent) making up 100% of Chile’s current l ithium output. As reported in The Economist
(June 15, 2017 – A battle for supremacy in the lithium triangle) , the Salar de Atacama has the
largest and highest quality proven reserves of lithium. The combination of the desert’s hot sun,
scarce rainfall, and the mineral-rich brines make Chile’s production costs the world’s lowest. This
together with a favourable investment climate, low levels of corruption, and the quality of its
bureaucracy and courts makes Chile a favourable place to conduct business.
Dixie Valley Lithium Project (Nevada, USA):
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. Some important
geological similarities exist between various lithium brines, notably geothermal activity, a dry
climate, a closed basin, an aquifer, and tectonically driven subsistence exist at Dixie Valley along
with Clayton Valley and various lithium bearing salars in Chile, Argentina and Bolivia.
Black Rock Desert Lithium Project (Nevada, USA):
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.
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The technical content of this news release has been reviewed and approved Joerg Kleinboeck,
P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.
On Behalf of the Board of Directors
“Tim Fernback”
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, 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.