Alset to Establish a Collaboration Agreement with Center FOR Research and Advanced Studies IN Saltillo, Mexico IN Efforts to Pilot Plant Test Its Lithium Prospective Salars
ALSET TO ESTABLISH A COLLABORATION AGREEMENT WITH
CENTER FOR RESEARCH AND ADVANCED STUDIES IN SALTILLO,
MEXICO IN EFFORTS TO PILOT PLANT TEST ITS LITHIUM
PROSPECTIVE SALARS
February 28, 2018
Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the
Company”) is pleased to announce that it is in the process of signing a collaboration
agreement with the Center for Research and Advanced Studies of the National
Polytechnic Institute (Cinvestav), in Saltillo, the capital of Coahuila, Mexico. Cinvestav
has research labs focused on various areas of expertise throughout the country, the
Saltillo lab is focused on metallurgy. This collaboration will include implementing the
results from the advanced leaching analysis completed by Cinvestav over the last year
on samples from Alset’s salars. The ultimate aim is to move toward pilot plant testing of
the salar material to determine the low-cost potential of recovering lithium and other
minerals from these salars. All the salars are 100% owned by Alset.
In addition, Dr. Roberto Pérez Garibay, metallurgist and head of the Cinvestav lab in
Saltillo, will be joining Alset as an external advisor. Dr. Garibay is also very experienced
at obtaining funding from national research and development groups in Mexico. He will
be a key advisor to Alset on the recovery of lithium and other minerals from Alset’s
salars, and will lead the application process for the funding of a pilot plant to further test
the low-cost potential of lithium recovery from Alset’s salars. The next round of
applications for funding are accepted in April 2018, at which time Alset will apply for up
to 70% of the funding needed to construct a pilot plant. If the application is successful,
70% of these costs will be covered by the research and development fund that works
with Cinvestav on many projects.
President and Chief Executive Officer Allan Barry Laboucan said: “We have completed
first-pass leach testing of composite sediment samples from our salars that show with
dilute acid we can recover between 79 -97% of the lithium in a matter of hours.
Cinvestav has completed the advanced leaching analysis that needs to be carried out
prior to pilot plant testing. This work will provide key data for various water
temperatures, leaching times and acid amounts which are important in understanding
the low-cost potential of lithium recovery from our salars. With the help of Dr. Pérez
Garibay and his team at the Cinvestav lab in Saltillo, we can complete the work required
ALSET MINERALS CORP.
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to establish these low costs. This work will be potentially transformative for the company
and we are excited to move ahead. Once we have signed this collaborative agreement,
we will report on the findings from the advanced leaching analysis completed by
Cinvestav.”
Emily Hanson, PGeo, Vice-President of exploration for Alset Minerals Corp., is the
qualified person responsible for the technical content of this release.
About Alset Minerals Corp. (ION.V)
Alset Minerals is a TSX Venture Exchange-listed junior exploration company focused on
exploring and development of a group of high-grade lithium and potassium projects in
the Central Mexican plateau. The company, in November 2017, added nearly one
million acres of lithium prospective salars, through staking. Alset has a growing portfolio
of 100-per-cent-owned lithium prospective salars in the states of San Luis Potosi,
Zacatecas and Coahuila in Mexico. With the November 2017, staking, the company
now has more than one million acres of lithium prospective salars in mining -friendly
Mexico with roads and power up to the salars.
On behalf of the Board of Directors of Alset Minerals Corp.,
"Allan Barry Laboucan"
Allan Barry Laboucan, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward -looking statements" within the
meaning of applicable securities legislation. Forward -looking statements relate to
information that is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet determinable. Any statements that express
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events or performance are not statements of historical fact and may be "forward-looking
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Forward-looking statements are subject to a variety of risks and uncertainties which
could cause actual events or results to differ from those reflected in the forward-looking
statements, including, without limitation: risks related to failure to obt ain adequate
financing on a timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated with mining and exploration;
risks related to the maintenance of stock exchange listings; risks r elated to
environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation of drill results, the
geology, grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and
expenses; results of pre-feasibility and feasibility studies, and the possibility that future
exploration, development or mining results will not be consistent with the Company's
expectations; risks related to gold price and other commodity price fluctuations; and
other risks and uncertainties related to the Company's prospects, properties and
business detailed elsewhere in the Company’s disclosure record. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in fo rward-looking
statements. Investors are cautioned against attributing undue certainty to forward -
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and the Company does not assume any obligation to update or revise them to reflect
new events or circumstances. Actual events or results could differ materially from the
Company’s expectations or projections.
For further information please contact:
Corporate Communications
Telephone: 1-604-505-4753
www.alsetminerals.com