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Showing posts with label Salars. Show all posts
Showing posts with label Salars. 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, 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, May 15, 2012

Potash will be a valuable by-product of Rodinia Lithium's operation at Diabillos.

Rodinia Lithium Successfully Harvests Sylvinite On Site At Diablillos
  • SUCCESSFUL HARVESTING OF SYLVINITE DURING REGULAR OPERATION OF PILOT ENGINEERING PROGRAM
  • PILOT PROCESSING CONFIRMS EFFECTIVE REMOVAL OF SYLVINITE IN AN ISOLATED POND USING CONVENTIONAL EVAPORATION BASED PROCESSING
  • EVAPORATION CYCLE OF INITIAL PAN PILOT TEST SERIES COMPLETE CONFIRMING INITIAL PORTION OF THE METALLURGICAL PROCESS DESCRIBED IN PRELIMINARY ECONOMIC ASSESSMENT
Toronto, Canada, May 14, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to report that sylvinite has been successfully produced and harvested at the Company’s 100% owned Diablillos lithium-potash brine project (“Project” or “Salar” or “Diablillos”) in Salta, Argentina.   Sylvinite, a potash and sodium chloride salt, has been harvested during operation of the pilot engineering program being conducted on site.  The results of the brine geochemical development during this pilot cycle was within the Company’s expectations and offers significant confirmation of the initial portion of the metallurgical process described in the Company’s Preliminary Economic Assessment conducted on Diablillos dated December 22, 2011 and filed on the SEDAR profile of the Company at www.sedar.com (the “PEA”).
William Randall, Rodinia’s President & CEO, commented, “Having harvested sylvinite during the regular operation of our pilot engineering program is a major milestone for the Company.  We remain confident that these results confirm our ability to produce potash from Diablillos using conventional methods employed by other major brine producers in South and North America.  This asset continues to meet our targeted milestones as we advance towards feasibility and production.”
This initial result from the pilot engineering program is from the first series of solar evaporation tests at ambient conditions of the Salar.  The evaporation was started May 2011 and concluded in April 2012.  The first series is one of five evaporation tests in progress.  Each test in pools and pans were started at different times of the year to see the effect of weather on the evaporation cycle chemistry.  The resultant brine from these evaporation tests will subsequently be processed for recovery of boron and lithium products.
The process engineering department continues to monitor the evolution of both the pools and pans installed on site at approximately 4050 metres above sea level.  As announced previously, a first stage of magnesium and sulphate removal has been completed, followed by successful removal of sylvinite in the ensuing step, confirming that potash is going to be a valuable by-product of an eventual lithium carbonate production facility.

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 and has read and approved the scientific and technical information contained in this release.
Readers are cautioned that the PEA is preliminary in nature and is partly based on inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA based on these mineral resources will be realized. The results depend on inputs that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented here.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Investor Cubed Inc.                                                                                       
Investor Relations                                                                                         
Tel: +1 (647) 258-3311                                                                                   
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 anticipated timing with respect to the development of the property; the results of the pilot engineering 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.

Saturday, October 15, 2011

Talison Lithium Sales up 53% as company experiences strong demand, tightening supply for Lithium

Talison Lithium Limited

TSX : TLH




October 11, 2011 06:00 ET

Talison Lithium Announces Preliminary First Quarter 2012 Sales Volume



PERTH, WESTERN AUSTRALIA--(Marketwire - Oct. 11, 2011) - Talison Lithium Limited (TSX:TLH) ("Talison" or the "Company") today announced its preliminary sales volume and production results for the three months ended September 30, 2011 ("Q1 FY2012"). The Company also provided an update on its three growth projects encompassing its Australian capacity expansion, lithium minerals conversion plant and Salares 7 brine project.

Preliminary Results
Sales volumes remain capacity constrained
Q1 FY2012 tonnes sold increased 53% compared to Q1 FY2011, to 80,315 tonnes lithium concentrate (or approximately 12,000 tonnes lithium carbonate equivalent ("LCE")). Demand remains strong for all of Talison's technical and chemical-grade lithium concentrates. Sales volume is currently limited by the capacity of the processing plants at the Greenbushes Lithium Operations, and is expected to remain constrained until completion of the expansion of production capacity in Q4 FY2012.

The Company noted that sales are made in large shipments to customers, in varying proportions of technical-grade and chemical-grade lithium concentrates, which may result in variations between production and sales volumes in individual quarters. Q1 FY2012 production was 90,708 tonnes lithium concentrate (approximately 13,500 tonnes LCE), a 12% increase compared to Q1 FY2011. The difference between tonnes produced and tonnes sold in the quarter is due to orders in the process of being fulfilled.

Volume* Three Months Ended
Sept 30, 2011
Three Months Ended
Sept 30, 2010
Percentage Change
Production 90,708 80,729 12%
Sales 80,315 52,525 53%
* Tonnes of lithium concentrate   

Peter Oliver, Chief Executive Officer, commented, "Talison continues to experience strong demand from customers across the world. This demand, together with a recent tightening in global lithium supply is expected to enhance Talison's pricing in the 2012 calendar year."

Growth Projects
Greenbushes Stage 2 Expansion On Schedule and On Budget
The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget. The finished product stockpile is now complete, and foundations for the new chemical-grade plant are being constructed.
The Company continues to expect commissioning of the Stage 2 Expansion during Q4 FY2012 and is receiving strong interest from new and existing customers for output from the expansion. Upon completion, the Stage 2 Expansion will double current production capacity to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE).
To view the photo "Work on the new chemical-grade plant as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" asscociated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011a.jpg
To view the photo "New finished product stockpile as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011b.jpg

Proposed Minerals Conversion Plant
Responding to growing global demand for an additional secure supply of lithium carbonate, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant"). Plant capacity is proposed to be 20,000 tonnes per annum LCE in the first stage, and an additional 20,000 tonnes per annum LCE in the second stage.
A location study for the Minerals Conversion Plant is in progress. Potential locations have been narrowed to the Greenbushes Lithium Operations or one other Western Australian location.
The external engineering consultant is preparing estimates of capital costs and operating costs, which should be completed by the end of this calendar year. Based on initial indications of operating costs, Talison believes that it will be a globally competitive lithium carbonate producer.

Salares 7 Project – Phase 2 Exploration Program
Following the receipt of outstanding results for both lithium and potassium from the initial drilling at the Salares 7 Project in Chile, Talison is accelerating its exploration program and expects to invest approximately US$5 million on the Phase 2 program in FY2012.

A new custom built sonic drill rig with specific capabilities to suit the ground conditions at the Salares 7 Project is being assembled and the camp at the Project has recently reopened following the Chilean winter.
The Phase 2 program includes approximately 5,000 metres of drilling at Salar de la Isla, Salar de Las Parinas, Salar de Aguilar and Salar Grande, with the objective to define a lithium mineral resource estimate at Salar de la Isla.
To view the photo "Camp reopened at the Salares 7 Project, Chile" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011c.jpg
New Offices in Shanghai and Santiago
Talison recently opened an office in Shanghai to support its growing business in China. Talison has been operating successfully in China for over 10 years, and the new office will assist the Company in strengthening relationships with new and existing customers.
Talison is also establishing an office in Santiago to facilitate the development of the Salares 7 Project. This office will support the exploration, environmental and process test work currently being conducted by the Company in Chile.
Financial Results Release November
Talison will release its financial results for Q1 FY2012 in mid-November, 2011.
Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call to discuss the results.
Teleconference and replay call details will be distributed prior to the release of financial results.
About Talison
Talison is a leading global producer of lithium. Talison has been producing lithium concentrate for a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Region III, Chile.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the Audited Annual Report of Talison and the related notes thereto as at June 30, 2011 and for the year ended June 30, 2011and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contact Information


Investor Relations:
ICR, LLC
Gary T. Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
Gary.Dvorchak@icrinc.com
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Wednesday, May 25, 2011

Talison Lithium reports rich lithium and potassium levels at Salares 7 project in Chile.

Results from Salar de la Isla indicate up to 1,080 mg/l Lithium and up to 9,830 mg/l Potassium

Perth, Western Australia, May 25, 2011 – Talison Lithium Limited (“Talison” or the “Company”) (TSX:TLH | US;TLTHF) is pleased to announce the results from the first drill program at two of the seven salars that comprise the Salares 7 Project (“Salares 7”) in Chile.

Highlights

  • Initial shallow reconnaissance drill programs completed at Salar de la Isla and Salar de Las Parinas
  • Brine analyses at Salar de la Isla indicate: up to 1,080 milligrams per liter (“mg/l”) lithium, with an average of 863 mg/l lithium; and up to 9,830 mg/l potassium, with an average of 7,979 mg/l potassium

  • Brine analyses at Salar de Las Parinas indicate: up to 480 mg/l lithium, with an average of 331 mg/l lithium; and up to 8,210 mg/l potassium, with an average of 5,650 mg/l potassium
Peter Oliver, Chief Executive Officer, commented, “We are excited about the results from our initial reconnaissance drill program. The results are very encouraging for the further development of Salares 7 to meet the expected future growth in demand for lithium-ion batteries in the years ahead, and support the confidence that Talison has in the potential of Salares 7. With lithium values of up to 1,080 mg/l, we believe Salares 7 has the potential to be amongst the world’s best new lithium brine prospects.”

Salares 7 Overview
Salares 7 consists of seven salars (salt lakes) and playas located in the Atacama Region of Northern Chile. Five of the seven salars are 100% owned by Talison and its Chilean partners, and these five are clustered within a radius of approximately 30kms. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile


 
To view the entire press release please visit:
http://www.talisonlithium.com/media/17301/110525_tll reports salares drilling results.pdf


Please find the updated Talison Corporate Presentation contained in the link below:
http://www.talisonlithium.com/media/17020/tlh_investor presentation 4 may 2011.pdf



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Thursday, January 20, 2011

Talison Lithium ups production by 100% to meet demand for Lithium Carbonate.

TALISON LITHIUM REPORTS RECORD SALES AND PRODUCTION RESULTS FOR SECOND QUARTER 2011

NEWS RELEASE
Perth, Western Australia, January 12, 2011 – Talison Lithium Limited (“Talison”) (TSX:TLH) announces its preliminary production results for the three and six months ended December 31, 2010 from its Greenbushes lithium operations in Western Australia (the “Greenbushes Lithium Operations”). For the six months ended December 31, 2010, production increased 32%, and sales increased 33% over the six months ended December 31, 2009.

Wednesday, November 17, 2010

Rodinia Lithium Inc. Contracts AMEC to Provide Independent Resource Estimate for Diablillos Project

6 hours ago by Marketwire
 
Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX V: RM) (OTCQX: RDNAF),

is pleased to announce that it has engaged AMEC Internacional Ingenieria y Construccion Limitada ("AMEC") to prepare an initial mineral resource estimate and National Instrument 43-101 compliant independent technical report with respect to the Salar de Diablillos lithium-brine project located in Salta, Argentina ("Diablillos" or the "Project").

AMEC is an international engineering consulting firm with world wide experience that includes estimating mineral resources at certain Chilean salars and experience in several lithium projects, including previous work on Diablillos itself. AMEC's staff of highly qualified engineers and geologists are available to begin working on the project immediately.

Will Randall, President and CEO of Rodinia, commented "we are very pleased to have a firm with AMEC's reputation and depth of qualified professionals preparing the resource estimate for Diablillos. This will be the Company's first lithium resource estimate and one of the few NI 43-101 compliant lithium resource estimates completed to date. Having the opportunity to work with a group of AMEC's stature is a vote of confidence for the work we have completed to date. The entire Rodinia team is eager to deliver this significant milestone in the Company's development."

AMEC's team of consultants will be lead by Mr. Douglas Chapman (Principal Mining Engineer), Dr. Armando Simon (Principal Geologist), Dr. Rustin Cabrera (Principal Geologist), and Marc Etienne (Senior Hydrogeologist). Collectively this team of experts has over 120 years of experience that includes mining and processing in the Salar de Atacama, lithium exploration campaigns in Chile, and management of lithium projects in Bolivia, Argentina, Peru and Chile, among others.

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.

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 proposed technical report, anticipated results and timing with respect to a resource estimate, , the drill program at Diablillos, 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.
Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3311

Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696

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Monday, October 25, 2010

LOMIKO TO CREATE ALLIANCE WITH MANUFACTURER OF ADVANCED LITHIUM POLYMER POWER PACKS FOR THE GLOBAL CELL PHONE MARKET!

(Vancouver) LOMIKO METALS INC. (TSX-V:LMR, OTCQX: LMRMF, Europe: ISIN:
CA54163Q1028, WKN: A0Q9W7,) announces it has signed an Letter of Intent Agreement to purchase a significant ownership stake in Mobile Power Corp., a US-based designer and manufacturer of patentpending lithium power packs for charging cell phones and other devices sold under the brand name
GoCharger®.

Most cell phones require recharging daily from a standard wall-plug charger or an
adaptor for use in a vehicle. At present, over 4.6 billion cell phones are in use worldwide with 2.5 billion phones being used in developing nations alone. Energy hungry phones that drain their batteries rapidly are now a major problem for most users worldwide. Currently, users have no other option than the wall or car outlets. The GoCharger® product line seeks to provide an easy to use, portable solution which addresses this problem.


“The GoCharger® is a next generation device that will compete with products now under development by battery industry leaders such as Energizer and Duracell which have been testing the market with similar devices.”, stated A. Paul Gill, Lomiko CEO, “Reducing the size of the GoCharger® using high density lithium polymer batteries and increasing the reliability using miniaturized, programmable circuit boards is key to addressing the power needs of the smart phone market globally.”

Upon completion of a 90 day due diligence period, Lomiko will pay $ 50,000 Cdn for 5% of outstanding
shares of Mobile Power Corp. 180 days from the completion of 90 day due diligence period and
satisfactory delivery of a working proto-type of the GoCharger®, Lomiko will pay $ 225,000 Cdn to the
Vendor for an additional 7.5% of outstanding shares of Mobile Corp. 360 days from the completion of
the LOI, Lomiko will pay $ 225,000 Cdn to the Vendor for an additional 7.5% of the outstanding shares
of Mobile Power Corp. In addition, Lomiko will receive a Right of First Refusal (ROFR) on any shares
to be issued or sold Mobile Power Corp.


BACKGROUND
Lomiko Metals Inc. is a Canadian-based junior company with the objective of increasing shareholder value through the acquisition and exploration of high quality mining projects and development into a fully integrated battery supplier. Lomiko is currently exploring for salt brines that contain lithium, sodium, sulfate, chloride and potash in salt lakes or salars.

Lomiko's growth strategy is to become a fully integrated supplier of lithium ion and lithium polymer batteries. The potential for partnership in creating rechargeable lithium batteries to replace current polluting methods of energy is excellent in the newly developing electric car industry. Interest in lithium and lithium batteries is growing exponentially. The Company is committed to its development program and in showing corporate social and environmental stewardship in the arena.

For more information, please contact Paul Gill at 604-729-5312, email: info@lomiko.com or refer to the
website at: www.lomiko.com
On behalf of Lomiko Metals Inc.
Signed: “A. Paul Gill”
A. Paul Gill, President & CEO

We seek safe harbor. Neither 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, September 27, 2010

Rodinia Lithium Inc.'s Auger Drilling Extends Near Surface High-Grade Lithium-Potash Zone 1.5 km at Salar de Diablillos

7:46AM ET on Friday Sep 24, 2010 by Marketwire
Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to report further sample results from its auger drill exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The completion of an additional 38 sample holes has extended the previously defined 2.5 km by 4.0 km high-grade lithium-potash zone near surface by an additional 1.5 km along strike (see Press Release dated May 26, 2010 for additional details on the original high-grade zone definition).

William Randall, President and CEO of Rodinia, commented "It is encouraging that these additional auger drill holes have intersected grades similar to the previous auger drilling and has extended our high-grade zone an additional 1.5 km. We now have additional areas to target with our ongoing reverse circulation drilling. Coupling these results with drill hole D-RC-01 announced last week, which demonstrated a continuous aquifer to depths of at least 120 metres, provides additional support for the potential to delineate a large scale resource at Diablillos" (see Press Release dated September 17, 2010 for additional details on drill hole D-RC-01).
 

Based on the completed sampling program of 140 sample holes, the Diablillos auger drill exploration program returned lithium ("Li") values of up to 1,000 milligrams per litre ("mg/L") and potassium ("K") values of up to 11,000 mg/L. Focusing on the nucleus of the Salar, which the Company believes represents the highest probability for production (see Figure 1 below), results returned average Li of 845 mg/L, average K of 9,092 mg/L, and 762 mg/L boron ("B") with favourable magnesium ("Mg") to Li ratio of 3.75 and an attractive sulphate to lithium ratio. Previously reported results for the auger drill program were based on a total of 102 sample holes. The full set of results reinforce the Company's belief that Diablillos may contain high concentrations of lithium, potash and boron and that the project has the potential to become a lithium carbonate producer. The Company remains encouraged by the presence of near-surface brines that contain similar, and in many instances higher, lithium and potash concentrations to other established brine developers in South America.

The completed auger program successfully covered a large portion of the Salar which returned average results of 680 mg/L Li, 7,400 mg/L K, 669 mg/L B, 3.75 Mg:Li, and 10.73 SO4:Li. Certain portions of the salar and its margins could not be sampled due to more extensive overburden material. The auger drill has been modified to be able to successfully penetrate the hard calcium carbonate layers commonly encountered, therefore enabling the additional sampling reported in this press release. In general, lithium values decreased towards the salar margins to the north and south, however drilling will be required to establish whether this trend is consistent at depth. Rodinia has a reverse circulation drill program underway on the Salar, which amongst other things will test the depth of the aquifer, as well as the lithium potential under the areas sampled by the auger drill.

To view Figure 1 - Sampling Contour Map, Salar de Diablillos, please visit the following link: http://media3.marketwire.com/docs/RMimage.jpg

Throughout the auger sampling, Rodinia employed a sampling procedure designed to ensure sample integrity by minimizing contamination of brine samples through the dissolution of overlying sediments and evaporates that may be enriched in lithium. All the holes were drilled to a depth sufficient to ensure penetration of the overlying clay layer, which varies in thickness between one and over three metres. Below the clays, a medium to coarse-grained sand aquifer was encountered containing high-grade lithium brine in its porous space. A historical drill hole in the south eastern margin of the Salar indicates the presence of this aquifer to a vertical depth of at least 75 metres, with material coarsening at depth to a coarse basal conglomerate (SEGEMAR; www.segemar.gov.ar). Rodinia has also recently completed a reverse circulation discovery drill hole, drill hole D-RC-01, which indicated the presence of this aquifer to a vertical depth of at least 120 metres.


Sample integrity was maintained by pushing four inch casing down into the hole and pumping, where possible, the contents of the hole. The hole was then left to refill from the aquifer below, ensuring proper representation of brine geochemistry. This brine was then sampled and decanted before collection in sealed plastic containers that had been previously rinsed in the same brine. All samples were sent to ALS Laboratory Group, Environmental Division, in Fort Collins, CO, USA where Rodinia is sending both its Diablillos and Clayton Valley project samples.

The Project is supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia's Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and both have reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 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.

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.

Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3310

Rodinia Lithium Inc. Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com


SOURCE: Rodinia Lithium Inc.

http://www.rodinialithium.com 
 
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Monday, September 20, 2010

Rodina Lithium discovers high grade lithium deposit on it's Argentina property.

TORONTO, ONTARIO, Sep 17, 2010 (MARKETWIRE via COMTEX) -- Rodinia Lithium Inc. ("Rodinia" or the "Company") /quotes/comstock/11v!e:rm (CA:RM 0.32, +0.04, +14.29%) (), is pleased to report that it has discovered high-grade lithium and potash during its first reverse circulation drill program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The Company is encouraged by these results and believes, based on analysis and previously published data, that they may be indicative of a sizeable, continuous aquifer capable of becoming a producer.



William Randall, President and CEO of Rodinia, commented "It is encouraging that this discovery drill hole has intersected grades similar to our auger drill program, only now to depths of 120 metres. The results of this drill hole, and the geophysical data available, provides further encouragement for the potential to delineate a large scale resource. Rodinia has mounted the first ever drill campaign for new lithium and potash on Diablillos and will continue to work on defining a National Instrument 43-101 compliant resource estimate on the Salar by year's end."



Results from the discovery drill hole D-RC-01, the first drill hole completed on the project, intersected lithium ("Li") values of up to 810 milligrams per litre ("mg/L") and returned averages of 713 mg/L Li, 9,000 mg/L potassium ("K"), and 543 mg/L boron ("B") over the 120 metre drill hole depth. The hole, located in the north western portion of the salar nucleus, intersected lithologies primarily composed of sand and gravel, with coarser material encountered down hole. The zone continues to be open at depth and in all directions.



The lithium concentrations measured in the discovery drill hole range from 650 to 810 mg/L, demonstrating a remarkably even grade distribution over the aquifer, identifying the entire stratigraphic column as a potential producer. Samples were taken every six metres to ensure different characteristics of the brine column were captured, with the intention of identifying the horizons with the most potential for production. The geochemistry of the brine samples remained comparable to those encountered during auger drilling (see previous press release dated May 26, 2010), with average magnesium-to-lithium ratio of 3.7 and a sulphate-to-lithium ratio of 9.3.





-----------------------------------------------------------------------

depth (metres) milligrams per litre ratio

-----------------------------------------------------------------------

Sample From To Li K B Mg:Li SO4:Li

-----------------------------------------------------------------------

D-RC-01-001 6 12 810 8800 570 3.5 10.7

-----------------------------------------------------------------------

D-RC-01-002 12 18 800 8800 560 3.5 10.5

-----------------------------------------------------------------------

D-RC-01-003 18 24 720 8900 540 3.8 9.3

-----------------------------------------------------------------------

D-RC-01-004 24 30 760 8700 560 3.7 10.9

-----------------------------------------------------------------------

D-RC-01-005 36 42 650 8900 530 4.2 8.5

-----------------------------------------------------------------------

D-RC-01-006 42 48 660 9000 540 4.1 6.1

-----------------------------------------------------------------------

D-RC-01-007 48 54 650 8800 540 4.0 7.7

-----------------------------------------------------------------------

D-RC-01-008 54 60 650 8800 520 4.0 8.8

-----------------------------------------------------------------------

D-RC-01-009 60 66 660 9000 500 3.8 8.2

-----------------------------------------------------------------------

D-RC-01-010 66 72 710 9200 540 3.7 9.7

-----------------------------------------------------------------------

D-RC-01-011 72 78 700 9100 550 3.7 9.6

-----------------------------------------------------------------------

D-RC-01-012 78 84 750 9100 560 3.6 9.9

-----------------------------------------------------------------------

D-RC-01-013 84 90 720 9300 540 3.6 8.6

-----------------------------------------------------------------------

D-RC-01-014 90 96 710 9100 540 3.8 9.2

-----------------------------------------------------------------------

D-RC-01-015 96 102 730 9300 540 3.4 9.9

-----------------------------------------------------------------------

D-RC-01-016 102 108 740 9300 550 3.1 10.5

-----------------------------------------------------------------------

D-RC-01-017 108 114 720 9000 560 3.3 10.4

-----------------------------------------------------------------------

D-RC-01-018 114 120 700 8900 540 3.6 9.1

-----------------------------------------------------------------------



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, so as to aid in quantifying the formational flow.



Rodinia has completed 6 drill holes on the newly discovered Salar de Diablillos basin. Generally, the holes intersected unconsolidated sand and gravel saturated with high salinity brines. Flow rates in the sand and gravels have been highly variable ranging from 40 litres per minute to 1,080 litres per minute, including artesian conditions in some drill holes. The Company intends to provide updated information on the remaining discovery drill holes upon receipt of assay results from the laboratory.



The Project is supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia's Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and both have reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 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."

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