LiCo Energy Metals – Purickuta Property Update
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LiCoEnergyMetals.com
PRESS RELEASE
LiCo Energy Metals – Purickuta Property Update
September 6, 2017: Vancouver, British Columbia; ‐ LiCo Energy Metals Inc. (“the Company “or” LiCo”) TSX‐V:
LIC; OTCQB: WCTXF announces that the Company has been notified that Durus Copper Chile SPA (“Durus”)
and Geotec Boyles Bros SA (“Geotec”) have been served with a petition for protection by the Community
Atacamena De Toconao at the Court of Appeals within Antofagasta on September 4, 2017 with respect to the
proposed exploration of the Purickuta Property. This petition for protection will preclude the ability of the
Company and Durus to conduct its proposed drilling, downhole geophysics and brine sampling exploration
program to be conducted by Geotec and scheduled to take place during the month of September 2017.
It is anticipated that this petition for protection will be countered within 15 days by both Durus Copper Chile
SPA and Geotec Boyles Bros SA and will be decided by the Court of Appeals within Antofagasta in due course.
During this deliberation period, the Company is prohibited from any exploration on the Purickuta Property
and as such has served notice of Force Majeure on Durus, as set out in the mining option agreement between
the Company and Durus dated January 16, 2017, and its subsequent amendment dated August 18, 2017".
The notice of Force Majeure was served on Durus due to LiCo’s inability to gain access to the property by
reason of blockage by the Atacemena Community of Toconoa since August 27, 2017 until further notice.
“Although disappointed that we cannot continue to explore the Purickuta Property at this time, we look
forward to a quick resolution of this issue by Durus and Geotec. In the meantime, all of our mining option
agreement dates with Durus are extended accordingly by way of Force Majeure, and we are hopeful that we
can resume our exploration and sampling program shortly” stated Tim Fernback, President & CEO.
About LiCo Energy Metals:
LiCo Energy Metals Inc. is a well‐funded 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. The Company currently maintains the following portfolio of
exploration 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 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 Jan2, 2017).
2
Glencore Bucke Cobalt Project, Cobalt, Ontario: The Company has an option to earn 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 that covers the southern extension of the former producing 15
Vein on the past‐producing Agaunico Mine Property.
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 produced at the Agaunico Mine located along structures that extended southward onto property
currently under option to LiCo Energy Metals.
Dixie Valley Lithium Project, Nevada: 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.
Black Rock Desert Lithium Project, Nevada: 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 on a number of its properties over the next several
months. The technical content with respect to the Cobalt properties of this news release have been
reviewed and approved by Joerg Kleinboeck, P.Geo. The technical content with respect to the Lithium
properties of this news release have been reviewed and approved by Alan Morris, P.Geo. Additionally
Eduardo Alvarez, has also reviewed the technical content with respect to the Purickuta Property of this news
release, all of whom are independent consulting geologists and qualified persons as defined in NI 43‐101.
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, 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.