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As previously reported, DDH-3 is located approximately 50 kilometers to the south of DDH-2 on the Company’s
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All samples will be assayed for drill holes DDH – 1 through 4 with the assay results released at the same time. On completing phase three of the drill program, OWL will have increased its working interest in the
In
Lithium Separation Technologies
An ecosystem of junior mining companies are looking to take market share from major producers to meet the demand for high quality lithium chemicals and new resources to obtain these has become one of the mostimportant emerging themes in lithium over the last five years.1Accordingly, many of these new technologies can be developed and used in house by junior mining companies.
OWL has the right to purchase 100% of a lithium separation technology which is subject to a proof of concept testing. The Company hopes this may be successful within two months. The technology has the potential to separate lithium carbonate (“LCE”) from a brine and, because of this, the Company perceives the technologies implementation as a potential industry game changer. Accordingly, some of the potential benefits may include not requiring evaporation ponds to separate LCE as well as returning the waste brine back to its producing brine formations that may stabilized the brine formation and extend a mine’s life.
For more information, please see the Company’s press release dated
One World Lithium Trends
- OWL’s recent private placement offering was oversubscribed by 50% for proceeds of CAD
$2,250,000 .2- During the three month period ended
December 31, 2020 , OWL’s secondary market traded 4.5 million common shares (each, a “Share”) and in the first quarter endedMarch 31, 2021 it has traded 23.4 million Shares, for an increase of 421%.3
Lithium Industry Trends Are Impressive
- The seaborne LCE battery grade spot price has increased from
USD$6,000 toUSD$7,500 per tonne onOctober 23, 2020 toUSD$9,500 toUSD$11,000 per tonne onMarch 19, 2021 (trading betweenChina ,South Korea , and Japan).4
- Since
January 1, 2021 , Bloomberg reported a total ofUS$3.4 billion raised in equity financingsin theNorth and South America which is seven times the total amount raised from 2018 to 2020.5- Since
January 1 , 2021 toMarch 18 , 2021,Bloomberg reports that junior lithium companies have raised an aggregate ofUSD$529 million from the capital markets. That is aboutUSD$63 million more than the total amount raised from 2018 to 2020.5- The demand for lithium for electrical vehicles (“EVs”) is expected to in increase approximately 599% by 2025.6
Given the renewed investor interest in the lithium sector which is driven by significant increases in the price of lithium carbonate equivalent (LCE), it has impacted OWL as its previous private placement was oversubscribed by 50% or
About
On behalf of the Board of Directors of
“Douglas Fulcher”
President and Chief Executive Officer
For further information please visitwww.oneworldlithium.comor emailinfo@oneworldlithium.com or call1-604-564-2017 Extension-3.
Forward-Looking Information and Disclaimer: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including the expected start date of the Company’s DDH-3 drill campaign, costs and depths for the Company’s anticipated DDH-3 and DDH-4 drill programs, the market trends of the lithium and elective car industries, the intention of OWL to proceed with the advancement of the Salar del Diablo property, or the Company’s ability to exercise its right to acquire a 100% interest in certain lithium separation technology and the anticipated benefits therefrom obtained by the Company. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. Forward looking statements contained in this press release are made as of the date of this press release. OWL disclaims any intent or obligation to update publically any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company’s expectations include: (I) inability of OWL to execute its business plan and raise the required financing (II) accuracy of mineral or resource exploration activity (III) continued access to the Company’s mineral property (IV) risks and market fluctuations common to the mining industryand lithium sector, (V) advancements in new separation technologies, and (VI) other general business, economic, or market related risks beyond the director control of the Company and which may adversely affect the Company’s business or operations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.
This press release also contains certain information and data taken from various third party sources. Please note that any opinion, estimate or forecast made by the authors of such third party statements presented in this press release are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management. OWL does not, by the reference or distribution of these quotes, links, or citations imply their endorsement of or concurrence with such information, conclusions or recommendations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Chris Berry and
2 See the Company’s news releases dated
3 Figures taken from the Stockwatch’s website: https://www.stockwatch.com/symbol OWLI/historical.
4 Carrie Shi &
5 Yvonne Yue Li, “
6 Maxx Chatsko, “Lithium Demand for Electric Vehicles Could Grow 599% by 2025”, Motley Fools (
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