VANCOUVER, British Columbia,
Feb. 6, 2019 /CNW/ --
NRG Metals Inc. ("NRG" or the
"Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is
pleased provide an update on progress with a Preliminary Economic
Analysis of the Hombre Muerto North Lithium Project, located in
Salta Province, Argentina. The evaluation is being conducted
by Knight Piésold Consulting (KP) and JDS Energy & Mining
(JDS).
The analyses are currently focused on process engineering
optimizations. Simultaneously, design work and evaluation of site
infrastructure is ongoing, including the overall general
arrangement with optimal location for potential pilot and
production plant sites and the ponds. Material quantities and
costs are being prepared and preliminary economic numbers are being
developed for the P.E.A.
The HMN Project is strategically located in the Hombre Muerto
Salar, an area of active lithium production by FMC at the Fenix
lithium mine, some 12 kilometers south of the project area. The
project is surrounded by ground now owned by POSCO, a Korean based
lithium producer, as a result of its US$ 280
million purchase of the area from Galaxy Resources Ltd, an
Australian based producer. Galaxy is also moving their portion
of the Hombre Muerto Salar, the Sal de Vida Project, to lithium
production.
The TSX Venture Exchange has not reviewed the content of this
news release and therefore does not accept responsibility or
liability for the adequacy or accuracy of the contents of this news
release.
This news release contains certain "forward-looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made and are subject to a
variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward looking statements. The reader is cautioned not to
place undue reliance on forward-looking statements. We seek safe
harbor.
On behalf of the board of directors of NRG Metals
Inc.:
Adrian F. C.
Hobkirk,
President and C.E.O.
T: Investors / Shareholders Call 855-415-8100 / Direct to
Adrian Hobkirk 714-316-3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
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SOURCE NRG Metals Inc.