The Next Major Lithium Producer
December 2015
The first campaign work involved collection of 255 surface brine samples from lakes, Salt flat, rivers, and geothermal springs throughout the property. Results were used to map the distributions of lithium, potassium, and other parameters in surface brines.
July 2016
On July 18, 2016, NLC announce the completion of the previously announced qualifying transaction with POCML 3 Inc. and the successful concurrent raise of close to $20M.
February 2017
Successfully closed an upsized a bought deal of units (1 share plus ½ warrant) at a price of C$1.10 per Unit for a total successful raise of ~$25m.
May 2017
Announce its maiden resource estimate for the 3Q lithium brine project.
October 2017
Announced the positive results of its preliminary economic assessment ("PEA") for the production of lithium carbonate at the 3Q lithium brine project.
November 2017
Closed an upsized bought deal of common shares at $1.95 for ~$30m and also received C$15.6m from the acceleration of outstanding warrants from the previous $25m financing in early 2017.
July 2018
Announced a resource estimate update for its 3Q lithium project with a 227% increase in measured and indicated categories.
October 2018
Comprehensive environmental baseline study finalized with positive results and submitted to the Catamarca Province authorities, paving way for final mining approvals.
Pilot evaporation ponds expanded and producing high grade concentrate, and lithium carbonate pilot plant completed, with operation and training starting imminently.
March 2019
Announced extremely positive PFS after-tax results on its 3Q Project with over US$1.1B NPV8% and ~50%IRR.
April 2016
Announced submission of its environmental impact assessment (EIA) for Construction of its 3Q Project
September 2019
Successful production of 99.1 % Lithium Carbonate in the first batch from its pilot plant
October 2019
Creation of a lithium industrial park in Fiambalá for the future construction of the plant
March 2020
Production of battery grade lithium carbonate ~99.6%
September 2020
CATL ~$8.5M investment for ~8% of NLC, a board position and a joint DFS and define construction financing.
Feb 2021
9,900,000 shares of the Company at a price of C$3.05
Jun 2021
Announced a resource estimate update for its 3Q lithium project with a 125% increase in measured and indicated categories.
Jun 2021
Located in the Lithium Triangle
40% of global production.
90% of Brine Resource.
3Q Project is 100% owned and NLC controls entire salar.
Excellent access with current infrastructure.
High Grade. Low Impurities and Large reserve Base
3rd highest lithium brine grade in the world.
Lowest critical impurity content in the world (SO4&Mg)
P&P Reserves 1.7 Mt LCE.
Resources 5.4 Mt LCE.
Proven Processing
Similar process producing in the region >20 years.
Fully functional laboratories, pilot scale ponds and plant.
3q Project pilot plant producing battery grade lithium carbonate 99.9%
Outstanding Result
Feasibility Study complete.
20ktpa Lithium Carbonate annual production with post-tax PFS result of US$ 1.1B NPV8%, ~40% IRR and payback of < 2.3years.
Best in Class
Low impurity = Low OPEX
US$ 2,953/t OPEX is lowest quartile in the industry.
High grade = Low CAPEX
~US$ 18,500/t CAPEX intensity one of the lowest of any greenfield development.
Proven Team / Structure
Strong strategic partner - CATL
Very strong technical domestic lithium experience.
Permits in place. EIA approval imminent.
Fiscal stability in the place.
Strong w/c and best in the class institutional ownership.