Jourdan Resources Expects Global Interest with China’s CATL Battery’s $66 million Investment in North American Lithium
NEWS RELEASE
Jourdan Resources Expects Global Interest with China’s CATL
Battery’s $66 million Investment in North American Lithium
Mississauga (Canada), March 4, 2018: JOURDAN RESOURCES INC. (the “Corporation”)
(TSX-V: JOR, Stuttgart: 2JR1) is pleased congratulate James Xiang and his team at North
American Lithium for attracting the investment from the largest Chinese automotive battery
manufacturer CATL Battery. On March 3, Jilin Jien Nickel Co. Ltd., announced the
investment by CATL into North American Lithium, of $50 million in new equity and $16
million in convertible debt. North American Lithium’s Quebec Lithium Mine is the only
currently producing lithium mine in Canada.
Jourdan Resources welcomes China’s CATL Battery’s (commonly referred to as China’s
“Tesla”) $66 million investment into North American Lithium. Jourdan has a large
geologically similar set of claims that virtually surround North American Lithium (see map
of September 15, 2017 – https://goo.gl/RKcCMj )
Livio Filice, global lithium expert comments on the development, “The investment from
CATL confirms that large end users of lithium chemicals are still searching to secure
lithium supply which is a clear indication that the market will remain tight. Significant
Chinese investment continues to be deployed into battery manufacturing capacity to meet
emerging demand for electric vehicles and stationary energy storage applications. It is
critical for these manufacturers to secure supply for these assets to ensure a successful
ramp-up over the next years. It is in my opinion, that Jourdan Resources is well positioned
to benefit from growing foreign investment interest into the region. The CATL investment
now places Jourdan Resources on the global stage as their land packages straddle that of
North American Lithium.”
CATL Battery is in the process of completing and initial public offering that would see it
raise $2 billion and have an initial valuation of $20 billion. CATL is working with both BMW
and VW in Germany on electric car batteries, systems, and new technology.
Michael Dehn, President and CEO of Jourdan Resources states “Quebec’s lithium
endowment has just received a huge endorsement from the investment by CATL Battery.
Jourdan’s location around North American Lithium and in the La Corne intrusive are
attractive targets for new lithium deposits as well as extensions to the open pit of the
Quebec Lithium Mine to east and west where mineralization extends onto Jourdan’s West
Lithium and Vallee Lithium Properties.”
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under
the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock
Exchange. The Company is focused on the acquisition, exploration, production, and
development of mining properties in lithium. The company’s properties are primarily in
spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s
producing Quebec Lithium Mine.
RESOURCES
RESSOURCES
Please visit the Company’s website at www.jourdanresources.com
For further information please contact:
Michael Dehn
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389
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Although the Company believes many of its properties have promising potential, its
properties are in the early stages of exploration. None have yet been shown to contain
proven or probable mineral reserves. There can be no assurance that such reserves will
be identified on any property, or that, if identified, any mineralization may be economically
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