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Showing posts with label TLH. Show all posts
Showing posts with label TLH. Show all posts

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.

Monday, October 18, 2010

TALISON LITHIUM REPORTS RECORD FIRST QUARTER PRODUCTION RESULTS

NEWS RELEASE
Perth, Western Australia, October 18, 2010  Talison Lithium Limited (“Talison”) (“TSX:TLH”) is pleased to provide the following first quarter production results for its Greenbushes lithium mine (the “Greenbushes Lithium Operations”) in Western Australia.

Greenbushes Lithium Operations – First Quarter 2011 Financial Year Production Results
The following highlights are for the Greenbushes Lithium Operations for the first financial quarter ended September 30, 2010:


Lithium concentrate production of 80,729 tonnes (~12,000 tonnes lithium carbonate equivalent (“LCE”)), representing a 24% increase over the first quarter of 2010; and  Lithium concentrate sales of 52,524 tonnes (7,800 tonnes LCE), representing a 6% increase over the first quarter of 2010.
The lithium concentrate production for the first quarter of 80,729 tonnes exceeded sales of 52,524 tonnes as a result of timing differences between product shipment schedules and production schedules. Talison continues to produce at capacity and sell 100% of its production.

In addition to record first quarter production, the Greenbushes Lithium Operations also produced and sold a special parcel of 17,333 tonnes of crushed ore into the Chinese market. Due to the high grade of Talison’s ore, it can be converted directly into lithium carbonate by its Chinese customers without intermediate processing. Sales of crushed ore are a short term measure to meet market demand until Talison completes the Stage 1 expansion of lithium concentrate production capacity. The Stage 1 expansion remains on schedule for completion in early calendar 2011.

The strong production results are attributable to a successful process improvement program that continually targets de-bottlenecking both the technical and chemical grade plants. In addition, high quality ore delivered to both plants positively impacted on processing efficiency during the first quarter.
Talison expects annual production for the 2011 financial year will exceed the annual budget of 43,000 tonnes LCE.

Demand for both Talison’s technical and chemical grade lithium concentrate continued to increase during the first quarter as markets continued to demonstrate significant signs of recovery.

First Quarter Financial Results Release Date and Conference Call
Talison will release its 2011 First Quarter Financial Results after the close of the market on Friday, November 12, 2010. Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call on Monday, November 15, 2010 at 9:30 a.m. EDT (6:30 a.m. PDT) to discuss the results.

The call is being webcast by Thomson Reuters and can be accessed at Talison’s web site at www.talisonlithium.com or from www.earnings.com. Teleconference call details will be provided prior to the call.

Historical Greenbushes Lithium Operations Financial Statements and MD&A on SEDAR
Talison has filed on SEDAR the historical Greenbushes Lithium Operations carve-out financial statements and management’s discussion and analysis (“MD&A”) for the financial year ended June 30, 2010. These financial statements and MD&A relate to the Greenbushes Lithium Operations prior to the August 2010 reorganization under which Talison acquired the operations from its predecessor Talison Minerals Pty Ltd. The reorganization is more fully described in the MD&A which together with the financial statements are intended to provide investors with additional information regarding the recent operating and financial performance of the Greenbushes Lithium Operations.
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About Talison
Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia.
In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Chile. Talison also has an extensive, well established global customer network and a leading position in the growing Chinese market.

For further information please contact:
Todd Hilditch
Investor Relations Director
Phone: 604 443 3831
Email: Todd.Hilditch@talisonlithium.com
Talison Lithium Limited
Level 4, 37 St Georges Terrace
Perth, Western Australia 6000
Web site: www.talisonlithium.com

Cautionary Note Regarding Forward-Looking Statements

This release contains “forward-looking statements” which reflect the current expectations of Talison. When used in this release the words “will”, “anticipate”, “intend”, “believe” and similar expressions are intended to identify forward-looking statements. These statements reflect Talison’s management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties, factors and assumptions. Accordingly, readers should not place undue reliance on forward-looking statements. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release.




The forward-looking statements contained in this release are expressly qualified in their entirety by this cautionary statement. Although the forward-looking statements contained in this release are based upon what Talison believes to be reasonable assumptions, Talison cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and Talison does not assume any obligation to update or revise them to reflect new events or circumstances.


The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

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Thursday, September 23, 2010

Largest supplier of lithium into China, goes public on TSX

Talison Lithium Limited

TSX: TLH
Talison Lithium Limited
Sep 23, 2010 07:00 ET

Talison Lithium Commences Trading on TSX Under Symbol "TLH"

WORLD'S LARGEST PURE LITHIUM PRODUCTION COMPANY BEGINS TRADING

Highlights
- Merged entity brings the world's largest, high quality, low cost lithium minerals producer located in Australia together with a highly prospective, large scale lithium brine exploration portfolio in Chile
- Diversified exposure to lithium chemical production from minerals and potential brines
- Major lithium supplier to the rapidly expanding Chinese market, now the largest globally
- Ability to rapidly respond to the growing demand for lithium for electric vehicle batteries
- Proceeds of $38,074,064 under Subscription Receipt private placement released from escrow to the merged entity to fund growth
- Fully funded to expand current production and accelerate lithium chemical production


TORONTO, ONTARIO--(Marketwire - Sept. 23, 2010) - Talison Lithium Limited ("Talison") (TSX:TLH) is pleased to announce that in connection with yesterday's completion of the plan of arrangement (the "Arrangement") between Talison and Salares Lithium Inc. ("Salares") (refer to press release dated September 22, 2010), it is anticipated that Talison ordinary shares will commence trading on the Toronto Stock Exchange under the symbol "TLH" at the open of market today.

The completion of the Arrangement and the listing of the Talison ordinary shares satisfied the conditions for release from escrow of the proceeds from Salares' previously announced private placement of 31,128,515 subscription receipts (the "Subscription Receipts"). Pursuant to the terms of the Subscription Receipt Agreement governing the terms of the Subscription Receipts, proceeds of $38,074,064 have been released from escrow to Salares and each Subscription Receipt was exchanged for 0.35587 of a Talison ordinary share. All previous security holders of Salares now hold comparable securities of Talison (or the equivalent in Talison exchangeable shares) based on the exchange ratio under the Arrangement.

Talison has now combined its' world class lithium minerals production in Australia with Salares' prospective, large scale lithium brines exploration project in Chile. The combined entity is well-funded, allowing for immediate expansion of the producing Australian operations to run in parallel with an accelerated exploration program at the 'Salares 7' brine project.

Immediate production expansions at Talison's Australian operations are required to satisfy substantial growth in lithium demand from Chinese battery producers, for whom Talison is the primary supplier. This demand has been driven by government policies encouraging alternative energy vehicles in pursuit of energy security, reduced reliance on oil imports and environmental objectives. Additional large scale production expansion is also being pursued by Talison to meet the anticipated global growth in the lithium market.
Talison now has:
  • An attractive diversified mix of lithium mineral and brine assets in both Australia and Chile:
    • Combination of the high quality, low cost Australian based lithium minerals production with promising lithium brines exploration properties located in Chile;
  • Multiple actionable growth strategies, including:
    • Expansion of existing lithium mineral production capacity by over 60% (currently in progress) to support the growing Chinese battery market;
    • Potential low cost lithium carbonate production from minerals conversion to supply major battery producers and vehicle manufacturers globally; and
    • Future potential lithium carbonate production from prospective Chilean brines;
  • Access to an extensive global customer network, established over a 25-year lithium operations history, with the leading position in the growing Chinese battery market; and
  • Board of Directors and management team with the skills and extensive experience in the technical and commercial aspects of project development, production and marketing of lithium.
The market dynamics for lithium are positive. Lithium demand has grown consistently over the past decade and is expected to accelerate significantly in the near term from increased consumption of lithium batteries, which are a critical component of hybrid and electric vehicles.
A presentation of the new combined company can be accessed at the Talison website www.talisonlithium.com.

About Talison Lithium Limited
Talison is the leading global producer of lithium. Talison mines and processes lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. In addition, Talison now has an extensive lithium brine exploration project in Region III, Chile. Talison's 'Salares 7' lithium project is made up of seven salars (brine lakes, and the surrounding concessions) that are prospective for sub-surface lithium and potassium. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Talison and its Chilean partner.

No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Forward-Looking Statements
This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the company believes to be reasonable assumptions, the company cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the companies do not assume any obligation to update or revise them to reflect new events or circumstances.
For more information, please contact
Investors:
Talison Lithium Limited
Todd Hilditch
Director, Investor Relations
(604) 443-3831
or
Talison Lithium Limited
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
or
Media:
FD
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com
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Wednesday, September 22, 2010

Trading for Talison Lithium, the worlds largest pure lithium producer, begins tomorrow on TSX

Sep 22, 2010 17:12 ET

Salares Lithium and Talison Lithium Complete Merger

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Salares Lithium Inc. (TSX VENTURE:LIT) ("Salares") and Talison Lithium Limited ("TSX-TLH") are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") for the merger of Salares and Talison. Effective immediately, Salares and Talison have now merged.
Talison ordinary shares will commence trading on the TSX under the symbol "TLH" at the market open tomorrow, September 23, 2010. 
Salares' CEO Todd Hilditch said today: "It was very clear to our management team that from the day we engaged in discussions on a potential merger with Talison, we shared the same long-term vision of the lithium sector and its growth potential. We are excited to now work with, and become part of, the Talison team and feel very strongly that our shareholders will prosper in the long-term from the new merged company and its aggressive growth strategy."
Talison CEO Peter Oliver stated: "Talison is excited to have completed the merger and looks forward to accelerating the development of the highly prospective 'Salares 7' project. Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merged company offers shareholders exposure to the current production of lithium concentrate and the upside growth of future lithium carbonate production from both the hard-rock and brine projects to satisfy the demand for lithium products destined for the global electric vehicle market."
Shares of Salares are now delisted from the TSX Venture Exchange. Under the terms of the Arrangement, Salares' shareholders received 0.35587 of a Talison ordinary share (or the equivalent in Talison exchangeable shares if they elected to prior to September 14, 2010 4:30 PST) in exchange for each Salares common share held.
Further details regarding Talison or Salares and the details of the Arrangement can be obtained through www.sedar.com. Full details of the merger of Salares and Talison are disclosed in the July 15, 2010 press release also available on SEDAR. A presentation of the transaction highlights can be accessed at the Salares and Talison websites.
About Talison Lithium Limited
Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. In addition, upon completion of the Arrangement, Talison now has an extensive lithium brine exploration project in Region III, Chile. Talison's 'Salares 7' lithium project is made up of seven salars (brine lakes, and the surrounding concessions) that are prospective for sub-surface lithium and potassium. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Talison and its Chilean partner.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Forward-Looking Statements
This release contains "forward-looking statements" which reflect the current expectations of the companies. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the companies believe to be reasonable assumptions, the companies can not assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the companies do not assume any obligation to update or revise them to reflect new events or circumstances.
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 more information, please contact
Salares Lithium Inc. - Investors
Todd Hilditch
President and CEO
(604) 443-3831
www.salareslithium.com
or
Talison Lithium Limited
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
or
FD - Media
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com
 

Update: Sept 23rd 2010
Talison Lithium TLH begins trading on TSX.
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