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Showing posts with label Rodina Lithium. Show all posts
Showing posts with label Rodina Lithium. Show all posts

Thursday, September 18, 2014

Rodinia Lithium Raises US$440,000 With Sale Of Certain Non-Core Assets


Toronto, Ontario, September 17, 2014: Rodinia Lithium Inc.  (“Rodinia” or the “Company”) (TSX-V: RM), has entered into a sale agreement with a private Argentine borate mining company to sell 600 hectares of mining rights comprising a portion of the Salar de Centenario (“Centenario”) property, held by the Company.  In exchange for the sale of a 100% interest in the mining rights comprising the 600 hectares of Centenario, Rodinia will receive US$440,000 payable in 22 monthly installments of US$20,000.   The sale agreement helps strengthen the Company’s balance sheet and does not impact Rodinia’s flagship Salar de Diablillos property. 

William Randall, President & CEO, commented, “The sale of the Añatuya & El Quevar claims that formed part of the Centenario group of claims helps strengthen the Company’s financial position, as we expect these monthly payments to cover the entirety of our fixed costs in Argentina, including on-site processing work and maintenance, overhead, and other associated local office costs associated with our flagship property.”

The first payment under the sale agreement has been received, and future payments are expected to be received by the Company on the first week of each month over the next 21 months.  The sale of the Añatuya and El Quevar claims reduces Rodinia’s Centenario property interest to approximately 500 hectares.  The Company has previously completed preliminary exploration on the Centenario claims and determined that in light of the quality and size of its Diablillos resource, continued advancement of Diablillos would create greater shareholder value than work at Centenario.  As a result, future work at Centenario was not anticipated in the foreseeable future and the Company determined that its sale would best support the Company’s current needs.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the sale agreement with respect to the Centenario property, the sufficiency of the net proceeds to cover current expenditures at the Diablillos property, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Tuesday, October 15, 2013

Rodinia Lithium completes financing


RODINIA COMPLETES SHARES FOR DEBT TRANSACTION
Toronto, Ontario, October 15, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM), has completed its previously announced shares for debt transaction (See Press Release Dated August 29, 2013). Accordingly, the Company has issued 5,327,253 common shares at a deemed price of $0.1121 (the “Shares for Debt”) to settle an aggregate outstanding amount of $507,185. The Shares for Debt will be subject to a four month and one day hold period which expires on February 12, 2013. The transaction remains subject to final TSX Venture Exchange approval.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.
For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the appointment, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Tuesday, October 8, 2013

RODINIA LITHIUM WELCOMES DAVID STEIN THE BOARD

Toronto, Ontario, October 7, 2013: Rodinia Lithium Inc.  (“Rodinia” or the “Company”) (TSX-V: RM), announces the appointment of Mr. David Stein to the Company’s Board of Directors. Mr. Stein will be instrumental in providing financial and strategic guidance to the Company in its continuing strategy of becoming a low-cost producer of lithium carbonate and potash from its Salar de Diablillos in Salta Province, Argentina.  The Company welcomes Mr. Stein to the Board and looks forward to working with him as the Company’s strategic focus is realized.
Mr. Stein is an investment manager specializing in natural resource assets and companies and is currently the President and CEO of Aberdeen International Inc., a global resource investment corporation and merchant bank trading on the TSX.  Apart from overseeing natural resource investments across the globe, Mr. Stein has also served on a number of public and private resource company boards with a specific focus on Latin America, Asia and Africa.  Prior to joining Aberdeen International, Mr. Stein was a mining equities analyst, director and member of the executive committee at Cormark Securities Inc.  Mr. Stein joined Cormark’s predecessor Sprott Securities Inc. in 2001 and gained experience with equity research, corporate finance and marketing.  Mr. Stein holds a Master of Science degree (Economic Geology) and Bachelor of Applied Science (Geological Engineering) from Queen’s University, and is a CFA charter holder.
William Randall, President & CEO of Rodinia, commented “David and Aberdeen have long been supporters of Rodinia and strong believers in the potential of the Diablillos Project.  David brings invaluable expertise in the capital markets and a solid network of contacts in South America and across the broader investor universe.  We look forward to working more closely with him as he joins our Board of Directors.”
Mr. Stein replaces Mr. Dan Bruno who tendered his resignation from the Board. The Company would like to thank Mr. Bruno for his contribution to the Company and wish him success in future endeavors. 
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com

For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the appointment, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information please contact Aaron Wolfe
Investor Cubed Inc. Vice-President, Corporate Development
Investor Relations Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311

Tuesday, February 26, 2013

Rodinia Lithium Secures $2 Million Stand-By Credit Facility From Key Shareholder


Toronto, Canada, February 26, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM) (Nasdaq-RDNAF.PK)is pleased to announce it has entered into a $2.0 million stand-by credit facility (the “Credit Facility”) with Aberdeen International Inc. (“Aberdeen”).  Aberdeen is currently a significant shareholder of Rodinia, is a long-time supporter of the Company, and is a member of the Forbes & Manhattan Inc. group of companies.

Under the Credit Facility, Rodinia has the ability to draw down amounts up to a maximum of $2.0 million (subject to the terms of the Credit Facility), with repayment of any draw down to be made by February 25, 2016.  Any amounts drawn down will bear interest at 10% per annum, payable quarterly in arrears, with the first installment due on June 30, 2013. As at September 30, 2012 (the Company’s most recent financial statements for the third quarter), the Company had $621,000 in cash and no debt.  Rodinia expects that its current funding will be sufficient to fund its operations through the delivery of a revised National Instrument 43-101 Mineral Resource Estimate and Feasibility Study for its Salar de Diablilos lithium-potash project in Salta, Argentina.

“The Credit Facility is a tremendous vote of confidence from one of our largest shareholders.  It insulates us from market uncertainty and provides a ready source of non-dilutive funding, if required, in the future,” said Aaron Wolfe, Vice President Corporate Development of Rodinia.  “We very much appreciate the on-going support of one of the Company’s longest and largest shareholders as we continue to achieve our short term milestones.”

In consideration for Aberdeen’s commitment under the Credit Facility, Rodinia has agreed to secure the Credit Facility against its Salar de Centenario assets.  No fees or warrants have been issued in relation to the establishment of the Credit Facility.  Promptly after signing the Credit Facility, the Company will draw down $300,000 from the line of credit. 

Aberdeen is a non-arm’s length party; as such term is defined by the TSX-Venture Exchange, as Aberdeen and Rodinia have a common senior officer.

About Rodinia Lithium Inc.:
 Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the anticipated effects of the results and the impact of the Credit Facility. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Tuesday, October 16, 2012

Pure battery grade Lithium produced at Rodinia Lithiums Argentine Salar

RODINIA LITHIUM PRODUCES BATTERY GRADE LITHIUM CARBONATE OF OVER 99.45% PURITY
FOR IMMEDIATE RELEASE
  • BATTERY GRADE LITHIUM CARBONATE PRODUCED WITH OVER 99.45% PURITY
  • FURTHER WASHING OF PRODUCT AT INCREASED PRODUCTION RATES EXPECTED TO INCREASE PURITY TO 99.75%
  • PROCESS AND COST STRUCTURE TO PRODUCE BATTERY GRADE LITHIUM CARBONATE REMAINS LARGELY THE SAME AS THAT REPORTED IN THE COMPANY’S PRELIMINARY ECONOMIC ASSESSMENT
  • RODINIA CONTINUES TO WORK ON A REVISED RESOURCE ESTIMATE, ON THE OPERATION OF THE PILOT CYCLE, AND ON COMPLETING THE FEASIBLITY STUDY.  ALL MAJOR DRILLING AND CONSTRUCTION WORK IS COMPLETE
Toronto, Canada, October 16, 2012: Rodinia Lithium Inc. (TSX-V: RM; OTCQX: RDNAF) successfully produced lithium carbonate from the concentrated brine derived from the pilot ponds installed at its Diablillos property, located in Salta, Argentina.  This first batch of lithium carbonate achieved a purity of 99.45% Li2CO3, and can be further washed employing the same methods to 99.75% Li2CO3.  The process employed during the production of lithium carbonate is approximately the same as described in the Company’s Preliminary Economic Assessment (“PEA”) filed on SEDAR at www.sedar.com. 

William Randall, Rodinia’s President  & CEO, commented, “The production of battery grade lithium carbonate from brine concentrated on site is a major milestone for Rodinia.  This reflects on both the quality of our brine and that of our team, who has advanced this project through the initial phases with remarkable success.  This last achievement serves as further encouragement that our process design, as described in the PEA, can achieve high purity lithium carbonate production at the estimated costs.”

The brine was concentrated and treated on site at the Salar and then shipped to SGS Laboratories in Lakefield, ON.  The brine was then processed to prioritize lithium carbonate production following the flow sheet described in the PEA.  Further batches of concentrated brine derived from the pilot ponds will be available for further processing prior to completing a full cycle at pilot scale in the first quarter of 2013.  Completion of the pilot plant cycle is expected during the first quarter of 2013 and is expected to be the final component of the upcoming Feasibility Study.

William Randall added, “The next deliverable is expected to be the completion of an upgraded resource estimate that, in conjunction with the information gathered during operation of the pilot plant in Q1 2013, will form the basis of the Feasibility Study.  All drilling and major construction work has been completed on site, which means we can focus our resources on the optimization of our Feasibility Study.”

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 15,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.
further information please contact
Investor Cubed Inc.  Aaron Wolfe Vice-President, Corporate Development
Investor Relations Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311   

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated effects of the results and the impact of such results upon the PEA, the timing with respect to future results, timing with respect to the completion of the PEA; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Friday, July 13, 2012

Rodinia Lithium Completes Production Well and Drill Program at Diablillos

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF


July 12, 2012 09:24 ET


- First Prototype Production Well has Been Successfully Drilled and Installed in Proposed Well Field Site at Diablillos 

- In-Fill Drill and Pump Test Program Complete 

- Artesian Conditions Present in Numerous Drill Holes on Eastern Portion of the Salar Further Confirm the Near Optimal Acquifer Lithology 

- Results from the Latest Drill Program to Produce Updated Resource for Diablillos


TORONTO, ONTARIO--(Marketwire - July 12, 2012) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to provide a progress update on the Company's 100% owned Diablillos lithium-potash brine project ("Project" or "Salar" or "Diablillos") in Salta, Argentina. The Company continues to advance the project towards feasibility by completing ten additional conventional mud rotary drill holes that totaled 1604 metres. A prototype production well, 250 metres in depth, was constructed with 10-inch casing down to basement. Other drilling initiatives included seven pump testing and monitoring wells, and two fresh water monitoring well. This latest round of drilling confirmed previously announced basin lithologies and provided definitive basin/basement contacts where previously estimated.

William Randall, Rodinia's President & CEO, commented, "Having mobilized an additional rig earlier in the year has enabled us to complete our work program on schedule. We now have all the required information for a resource update, which is the first important step towards completion of the Feasibility Study. We are extremely pleased with the progress our team has made and the results achieved to date."

Three of the drill holes designed for pump tests in the eastern portion of the Salar encountered strong artesian conditions. Flow rates of up to twenty-two litres per second from these holes have been measured. While this is positive for the long term prospects of the project, as it demonstrates high hydraulic conductivity and favourable lithology, it has limited the effectiveness of the pump tests. The pressures exerted by the artesian conditions are such that down hole work was restricted.

In addition, the Company announces that it has granted an aggregate of 1,140,000 stock options of the Company (the "Options") to officers, directors, consultants of the Company. The Options shall have an exercise price of $0.175 and shall expire on July 11, 2017. The Options remain subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and remain subject to the statutory four month hold period until November 12, 2012.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the anticipated timing with respect to the feasibility study; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

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Wednesday, August 31, 2011

Rodinia Lithium getting on Analysts radar screens!

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF




August 2011

Salman Partners Inc. Initiates Analyst Coverage of Rodinia Lithium Inc.



TORONTO, ONTARIO--(Marketwire - Aug. 23, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce that Salman Partners Inc. ("Salman") has initiated analyst coverage of Rodinia. For further information, please contact Mr. Ray Goldie at Salman. Mr. Goldie can be reached by email at rgoldie@salmanpartners.com or by telephone at (416) 214-2749.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains an inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the initiation of the analyst coverage, impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Monday, July 4, 2011

Rodinia Lithium flying under the radar, according to Dundee Capital Management!

Salta ProvinceImage via Wikipedia“Top pick – Rodinia Lithium (RM) – 194% lift to our C$1.00/sh target. Rodinia is flying under the radar while developing two projects in safe jurisdictions – Daiblillos in Salta Province, Argentina, and Clayton Valley in Nevada where it is adjacent to the only US lithium producer. If we have a lithium sector “top pick” this would be it although this is a speculative risk stock. Our target suggests a triple and we believe we are still being conservative. Our production rate assumption is less than its peers and easily supported by its large 5 million tonne LCE resource. We exclude potash or boron production and upside potential. Where this stock struggles is that it will be likely last to the party with production due in perhaps 2015, and due to its small market cap.”

Dundee Capital Management

Other Analysts Target price for Rodinia Lithium:

Ubika Research - $1.12
Byron Capital Markets - $2.25

Price: .34 c
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Thursday, June 9, 2011

Rodinia Lithium Intersects High Grade Lithium and Potash and Provides Project Update on Salar de Diablillos

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF




June 08, 2011 07:30 ET

Highlights:


- REVERSE CIRCULATION EXPLORATION DRILLING ON DIABLILLOS CONTINUES TO EXPAND RESOURCE AREA 

- D-RC-18 INTERSECTS HIGH GRADE LITHIUM UP TO 700 mg/L AND POTASSIUM OF UP TO 7,700 mg/L 

- DIAMOND DRILL BEING MOBILIZED TO SITE TO INITIATE DRILLING OF MONITORING WELLS AND DETERMINE PUMPING HORIZONS 

- SEISMIC PROFILING OF THE SALAR DE DIABLILLOS UNDERWAY 

- EVAPORATION PANS INSTALLED AND TWO YEARS WORTH OF WEATHER DATA AQUIRED


TORONTO, ONTARIO--(Marketwire - June 8, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce results from its continued reverse circulation drill program at its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. Continued drilling at Diablillos has resulted in further intersections of high grade lithium brine in the northwestern portion of the Salar, which management believes may have a positive impact on the recently defined resource estimate.

William Randall, President & CEO of Rodinia, commented "We are encouraged with high grade lithium results in areas that will have a significant impact on the potential of the property. DRC-19 shows that the high grade northwestern portion of the Salar is extensive and does not encounter fresh water on our property. This will be, in all likelihood, the focus of our development on the project and the location of our pumping test wells. This area coincides roughly with the high grade area defined by our auger drilling and includes such holes as D-RC-01 which intersected lithium values of up to 810 mg/l and returned averages of 713 mg/L lithium, 9,000 mg/L potassium, and 543 mg/L boron over the 120 metre drill hole depth (refer to Press Release dated September 17, 2010)."

DRC-18 intersected 54 metres averaging 647 mg/l lithium ("Li"), 739 mg/l boron ("B") and 7056 mg/l potassium (K) down to the bottom of the hole. This drill hole was collared in the north of the property outline towards the very west margin indicating mineralization right to the Salar margin to significant depths. The high grade brines encountered in this hole suggest that the northwestern portion of the deposit does not come in direct contact with fresh water sources, thus avoiding dilution problems in the event of sustained pumping in the future. In addition, the basements depths encountered exceed those predicted by the gravity survey.
Table 1 – Results from reverse circulation drill holes D-RC-18.
Drill HoleFrom (m)To
(m)
Interval
(m)
Li
(mg/l)
K (mg/l)B (mg/l)Mg:LiSO4:Li
D-RC-18541085464770567393.6819.96
zone open at depth
D-RC-18 intersected basement gneissic rocks at 88.5 metres. The basement is thought to be highly fractured resulting in a permeable unit with high grade lithium-potash brines. Flow rates in the fractured basement were higher or comparable to the predominantly sand and gravel lithologies found uphole.

Two more exploration holes were completed in the southernmost portions of the property on the Salar margins and/or off the resource area. These holes were designed to test the potential continuity of the brine past the defined resource. These two holes (D-RC-19 and D-RC-20) did not intersect significant mineralization with grades up to 140 mg/l lithium.

DIAMOND DRILLING & SEISMIC SURVEY CONTRACTS SIGNED, EVAPORATION PANS INSTALLED
Rodinia is also pleased to announce that it has mobilized a diamond drill to its Diablillos property. The contractor has ample experience drilling in the tough Puna plateau conditions within sedimentary basins. The diamond drill will help refine the geological model of the basin stratigraphy as well as determine optimal placement of the pumping wells to be employed during the pump tests. The Company is currently finalizing the layout of the test and monitoring wells and will commence drilling them within the upcoming weeks. A minimum of two drills will be active on this work program to ensure expeditious results.

In addition, the Company has engaged a contractor to complete seismic profiles of the entire property. The results of the survey are thought to aid in the interpretation of the basement depth and shape, structural geology, and determine the continuity of the relatively minor clay layers encountered during drilling. The intent is to properly isolate the three aquifers to further understand the effect of sustained production in the event of commercial production.

Ray Spanjers, Manager of Exploration of Rodinia, commented "We expect to significantly refine and improve our understanding of the Diablillos deposit with this work program in order to accelerate completion of the Preliminary Economic Assessment. We have also installed four evaporation pans which, in conjunction with over 2 years of weather data from the immediate vicinity of the Salar, will allow us to accurately model the evaporation process and ensure we maximize our lithium and potash recoveries."

A sampling procedure was enforced by management to ensure sample integrity during the drill program. Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted. Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment. After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine. Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Monday, April 25, 2011

Lithium-Ion battery manufacturer places executive on board of directors of Rodinia Lithium Corp.


Friday, April 8, 2011

Rodinia Lithium lands former FMC Executive for management team.

Rodinia Lithium Retains Services of Former FMC Lithium Division Manager, New Resources & Process Development8:37AM ET on Thursday Apr 07, 2011 by Marketwire

Rodinia Lithium Inc. ("Rodinia" or the "Company") ( RM.v  and RDNAF.PK) is pleased to announce it has contracted the services of Mr. Bob Cinq-Mars, a specialist in Chemical Process Development, to oversee elements of process design and management.

Mr. Cinq-Mars has a wealth of experience in process design and management, whose work experience includes 20 years with FMC Lithium Division as Manager, New Resources and Process Development. During his time with FMC Lithium Division, Mr. Cinq-Mars work included process research and development of three routes to recover lithium from new reserves, physical evaporation studies in the laboratory to support process design, and identification of alternate lithium resource in the world.

Wednesday, March 2, 2011

Rodinia Lithium defines large reserves at Diabillos!

RODINIA LITHIUM INC. DEFINES 4,959,000 TONNE LITHIUM CARBONATE EQUIVALENT RESOURCE AT SALAR DE DIABLILLOS

March 2, 2011



DIABLILLOS INFERRED MINERAL RESOURCE: 4,959,000 TONNES OF LITHIUM CARBONATE EQUIVALENT AND 19,837,000 TONNES OF POTASSIUM CHLORIDE EQUIVALENT

4,959,000 TONNES LITHIUM CARBONATE EQUIVALENT IS BELIEVED TO BE THE SECOND LARGEST LITHIUM BRINE RESOURCE TO DATE PREPARED UNDER NI 43-101 STANDARDS

PROJECT MAINTAINS ITS FAVOURABLE GEOCHEMISTRY WITH LOW MAGNESIUM AND SULPHATE LEVELS

DEPOSIT REMAINS OPEN AT DEPTH WITH CONSIDERABLE POTENTIAL FOR INCREASED RESOURCE GRADE AND SIZE WITH FURTHER DRILLING

Toronto, Ontario, March 2, 2011: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report receipt of an independent brine resource estimate for its Salar de Diablillos lithium-brine project (“Diablillos” or the “Salar”), located in Salta, Argentina, conducted by AMEC Internacional Ingenieria y Construccion Limitada (“AMEC”). The resource estimate reports an inferred brine resource of 932,000 tonnes of lithium (“Li”) metal, 10,404,000 tonnes of potassium (“K”) and 1,083,000 tonnes of boron (“B”), which is equivalent to 4,959,000 tonnes of lithium carbonate equivalent (“LCE”), 19,837,000 tonnes of potassium chloride (“PE” or “potash”) and 6,194,000 tonnes of B203 (“Boric Acid”). The project has an average magnesium to lithium ratio (“Mg:Li”) of 3.68 and an average sulphate to lithium ratio (“SO4:Li”) of 14.48.

William Randall, President and CEO of Rodinia, commented “this resource estimate positions Diablillos amongst the premiere lithium and potash bearing salars in the world.

Tuesday, February 8, 2011

Rodinia Lithium using proceeds of bought deal to develop Nevada and South American Brine Properties

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE: RM
OTCQX: RDNAF

Feb 08, 2011 09:29 ET

Rodinia Lithium Inc. Closes CDN$11.5 Million Bought Deal Equity Financing


TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION TO THE UNITED STATES

Rodinia Lithium Inc. (TSX VENTURE:RM)(OTCQX:RDNAF) ("Rodinia" or the "Company") is pleased to announce that it has closed its previously announced offering, sold by a syndicate of underwriters on a bought deal basis led by Dundee Securities Ltd., and including Byron Securities Limited, Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. (collectively, the "Underwriters"). The financing consisted of 19,837,500 units of the Company (the "Units") sold at $0.58 per Unit for gross proceeds of $11,505,750, including the exercise of the Underwriters' over-allotment option for 2,587,500 Units. Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable for one Common Share at a price of $0.75 any time up until 5:00pm (Toronto time) on August 8, 2012.

The net proceeds raised under the offering will be used for the advancement of the Company's Salar de Diablillos lithium brine projects, the Clayton Valley lithium brine project and for general corporate and working capital purposes.

Thursday, November 11, 2010

Rodinia Lithium Inc. Hits Lithium Fountain at Salar De Diablillos, in Argentina



Rodinia hits virtual lithium guyser, Grading 540 Mg/L At Salar De Diablillos


November  2010
  • ARTESIAN BRINE INTERSECTED IN LAST THREE DRILL HOLES WITH VALUES UP TO 540 MG/L LITHIUM, 5500 MG/L POTASSIUM, 660 MG/L BORON AND A MG:LI RATIO OF 3.33
  • EXPLORATION PROGRAM CONTINUES TO DELIVER POSITIVE DRILL RESULTS, EXPANDING ZONE APPROXIMATELY 4 KM EAST AND 4.5 KM SOUTH OF D-RC-01
  • SIGNIFICANT INTERCEPTS INCLUDE 510 MG/L LITHIUM OVER 90 METRES AND 530 MG/L LITHIUM OVER 72 METRES IN D-RC-03 AND D-RC-04 RESPECTIVELY
  • ARTESIAN LITHIUM BRINE REMAINED UNABATED AND DENSITY INCREASED OVER A 3 DAY SPAN WITH A PRESSURE AND VELOCITY THAT PUSHED THE ARTESIAN COLUMN APPROXIMATELY 13 METRES ABOVE THE SALAR SURFACE (please see figure 1)
Toronto, Ontario: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report that it continues to intersect high-grade lithium and potash in its reverse circulation drilling exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina (“Diablillos” or the “Salar”).  The Company remains encouraged by the results of the exploration program and reinforces its belief that the project has the potential to become a lithium, potash and boric acid producer in the near future.
William Randall, President and CEO of Rodinia, commented “the fact that we are routinely intersecting artesian conditions containing high grade lithium values is, in our opinion, extremely positive.  We believe that these results indicate that the subsurface brines are spouting to surface and increasing in salinity and density as they continue to flow. This is a rare phenomenon which may add significant value to the project.  Equally exciting is the fact that we intersected these brines in the southern portion of the basin where, based on our auger drilling, we expected lower grade brines due to the proximity of the river. In our opinion these results indicate the potential for the majority of the basin to contain lithium rich brines.”
Results from the most recent five drill holes are summarized in Table 1.  All the holes reported in this press release are open at depth and in all directions, bound only by the basin limits.  The reverse circulation drill holes were drilled vertically to ensure proper representation of the stratigraphic column.  As in the previous drill holes the distribution of lithium concentrations over the hole are remarkably even, suggesting that our entire stratigraphic column below the near surface clays represents a single aquifer, composed primarily of sands and gravels.  The clay content in all holes drilled to date has been low to negligible.
Drill Hole From (m) To (m) Interval (m) Li (mg/l) K (mg/l) B (mg/l) Mg:Li SO4:Li
D-RC-03 18 108 90 510 5608 654 3.58 18.97
including 48 108 60 562 6322 640 3.35 17.74
zone open at depth
D-RC-04 36 108 72 530 6292 668 5.02 18.14
zone open at depth
D-RC-05 artesian brine @ 48m 530 5700 690 3.00 18.90
zone open at depth
D-RC-06 18 84 66 471 5054 732 2.84 18.92
Including artesian brine @ 52.5m 430 4700 670 2.84 18.92
zone open at depth
D-RC-07 42 100.5 58.5 515 5340 619 3.32 14.92
including artesian brine @ 100.5m 540 5500 660 3.33 16.85
zone open at depth
A sampling procedure was enforced by management to ensure sample integrity during the drill program.  Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted.  Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment.  After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine.  Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.
The project is supervised by Ray Spanjers, Rodinia’s Manager of Exploration.  Mr Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release.  According to the Company’s sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation.  The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis.  A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America.  The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium 
For further information please contact
Neil Simon                         
Investor Cubed Inc.                                     
Tel: +1 (647) 258-3310
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

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