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, 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, October 14, 2010

Panasonic ElectricWorks and Sanyo Electric co announce new Lithium-ion Solar Street Lights.

Osaka, Japan, October 14, 2010 - Panasonic Electric Works Co., Ltd. (hereinafter referred to as Panasonic Electric Works) and SANYO Electric Co., Ltd. (hereinafter referred to as SANYO) today announced the launch of the “EVERLEDS Lithium-ion Solar Street Light,” a solar street light with a refined design combining ‘solar cells’ and ‘lithium-ion batteries’. Two versions of the street light will be released by Panasonic Electric Works in January 2011 in Japan (planned).
  The product is equipped with SANYO’s HIT^® solar cells, single crystal hybrid type solar cells with the highest-class conversion efficiency in the world^*2, and a thin ‘integrated solar cells and storage unit’ using SANYO’s lithium-ion batteries. In the product, electricity is generated from solar energy by the high efficiency solar cells and stored in the lithium-ion batteries attached to the back of the panel. This can then be used to power the high efficiency LED lights for approximately 15 hours^*3 during the night.
  Unlike previous models which required separately installed large lead batteries, the Lithium-ion Solar Street Light is small and refined, and the lead-free design reduces its impact on the environment. The Lithium-ion Solar Street Light is suitable for use in schools, parks, streets, around housing complex and public outdoor facilities, and in times of disaster will watch over the neighborhood.
  Until now, both companies had been working separately in the field of solar street lighting. However, through combining SANYO’s devices, such as ‘solar cells’ and ‘lithium-ion batteries’, with Panasonic Electric Works’ LED lighting fixtures and power source units, they are looking to further develop the industry’s leading solar street lights and to expand its range of products.
  Moreover, regarding sales, Panasonic Electric Works plans to strengthen its ability to offer solutions that meet the needs of the market by providing not only the solar street lights but also other energy-efficient products through its Electrical Construction Materials Marketing Business Unit. Panasonic Electric Works is also considering plans to develop the business for this product and other related devices overseas.

*1: HIT^® is an original technology and registered trademark of SANYO Electric Co., Ltd.
*2: As of October 14, 2010, according to a survey by Sanyo Electric Co., Ltd.
*3: The longest operating time when operating for 5 hours at 100% rating and then operating for 10 hours at 50% rating after sunset
*4: Varies depending on usage and environment.

Main Features

Features

1． A refined design incorporating ‘HIT^® solar cells’ and ‘lithium-ion batteries’

The Lithium-ion Solar Street Lights are thin and have a refined design featuring an integrated solar cells and storage unit incorporating solar cells and lithium-ion batteries. The lithium-ion batteries are set on the underside of the solar cells. The Lithium-ion Solar Street Light is nearly half the weight of previous lead battery models (29.5kg→16.2kg)^*5 and has a thickness of only 40mm.
The Lithium-ion solar street light received the Good Design Award 2010 from Japan Industrial Design Promotion Organization.

*5: Comparison of the two-panel type model.

2． Reduces impact on the environment through the use of lithium-ion batteries

Unlike previous models which used lead batteries, the new model is more environmentally friendly. The charge and discharge rate of the lithium-ion batteries is also 1.5 times that of lead batteries, allowing you to use the energy more efficiently.

3． The solar cells, lithium-ion batteries and LEDs are low-maintenance and have a long operating life

The operating life span of the lithium-ion battery power source is over 10 years^*4 , making a reduction in maintenance costs, such a battery exchange, possible. The operational life span of the solar cells is also over 10 years, and the LED lights (at 10W/24W) 40,000 hours (when operating for 10 hours a day at 100% rating, approx. 4,000 day operational life span = approx. 10 years )

*4: Varies depending on usage and environment.

<Specifications>
Height: Main body 4,194mm （from the ground)
Weight: Main body approx. 164kg (LED24W type)
approx. 120kg (LED10W type)
<Target Market>
・Schools (increase in demand due to the School New Deal Scheme)
・Outdoor facilities (housing complexes, public facilities, etc.)
・Parks and streets

Press Contact

Panasonic Electric Works Co., Ltd. Public Relations Department　+81-6-6909-7187 (Osaka), +81-3-6218-1166 (Tokyo)
SANYO Electric Co., Ltd. Corporate Communications HQ　Global Communications Department　+81-3-6364-3611

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Tuesday, October 12, 2010

Resource Capital Fund V L.P announces holdings in Talison Lithium Limited

DENVER, Oct. 6 /CNW/ - Resource Capital Fund V L.P. ("RCF V") announces that pursuant to a plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) (the "Plan of Arrangement") involving Talison Lithium Limited ("Talison") and Salares Lithium Inc. ("Salares") effected on September 22, 2010, RCF V acquired ownership of 8,540,880 ordinary shares ("Ordinary Shares") of Talison (the "Acquisition"), representing approximately 9.68% of all outstanding Ordinary Shares.
On August 19, 2010, RCF V acquired 24,000,000 subscription receipts of Salares ("Subscription Receipts") for a price of $1.245 per Subscription Receipt ($29,880,000 in aggregate). Pursuant to the terms of the Subscription Receipts and in connection with the Plan of Arrangement, RCF V completed the Acquisition and received 0.35587 of an Ordinary Share for each Subscription Receipt. Based on a price of $1.245 per Subscription Receipt, the consideration offered per Ordinary Shares was $3.50.
Prior to the Acquisition, RCF V owned 6,446,625 Ordinary Shares. As a result of the Acquisition, RCF V owns 14,987,505 Ordinary Shares, representing approximately 16.99% of all outstanding Ordinary Shares.
RCF V acquired the Ordinary Shares for investment purposes and may purchase or sell securities of Talison in the future on the open market or in private transactions, depending on market conditions and other factors material to the investment decisions of RCF V. The Acquisition did not take place on a stock market.

For further information: To obtain a copy of the early warning report (also available under Talison's profile at www.sedar.com) filed in connection with this release, please contact Russ Cranswick at 720-946-1453

Monday, October 11, 2010

SIFMA Calls System Wide, Moratorium on All mortgage Foreclosures ‘Catastrophic’

Image via Wikipedia

Press Release

Release Date: October 11, 2010

Contact: Katrina Cavalli, (212) 313-1181, kcavalli@sifma.org

New York, NY, October 11, 2010—The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement from Tim Ryan, president and CEO, on the foreclosure moratorium related to issues in foreclosure processing:

“It would be catastrophic to impose a system wide moratorium on all foreclosures and such actions could do damage to the housing market and the economy. It must be recognized that the mortgage market, investors and the health of the economy are all inter-related. Investors in the housing market—including American workers with pension funds, 401k plans, and mutual funds—would unjustly suffer losses in their savings from these actions. Increased uncertainty in the securitization market would further constrain consumer credit and spending, dampening our already unhealthy economic situation. If mistakes have been made in relation to foreclosure processing, SIFMA firmly believes such mistakes should be corrected. It is imperative, however, that care be taken in addressing these issues to ensure that no unnecessary damage is done to an already weak housing market and, in turn, that there is no further negative impact on the economy.”

-30-

The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit www.sifma.org.

Thursday, October 7, 2010

FACTBOX-Lithium: Where does it come from? How is it mined?(1 hour ago by Thomson Reuters)

Oct 7 (Reuters) - Here are the key ways of mining lithium, a highly reactive material that is used in batteries for electric and hybrid vehicles. Demand is likely to double over the next decade as more electric vehicles arrive on the road.

Lithium is mined from three sources: lithium brines, spodumene and clay deposits.

Analysts generally agree that cost of production for lithium brines is about half that of spodumene, which is a hard rock. As a result, salt lake exploration has boomed.

BRINES

Concentration: Not all salt lakes contain lithium, and in order to be cost effective, the concentration should be 600 mg of lithium per liter.
Magnesium: Too much magnesium can also cause problems, a ratio of more than 9:1 magnesium to lithium is considered uneconomical.

Evaporation: With brines, salt water containing lithium is pumped from the ground and into an evaporation pond. Filling the pond takes about a year, then the evaporation process can take anywhere from about eight months to three years.

MAIN BRINE PRODUCERS:
SQM - Atacama, Chile - over 1000 mg lithium per liter
Rockwood <ROC.N> - Atacama, Chile - over 1000 mg lithium per liter
Rockwood - Silver Peak, U.S. - 200 mg lithium per liter
FMC <FMC.N> - Hombre Muerto, Argentina - 600 mg lithium per liter
Bolivia - Salar de Uyuni - largest lithium deposit in the world
China - Zabuye, Dongtai, Xitai deposits in Tibet

SPODUMENE
With spodumene deposits, the rock must be mined, heated up to 1,100 degrees Celsius and then pulverized before the spodumene crystal are processed with acid to produce lithium.
Once a mine is in production, getting lithium from hard rock is far quicker than producing from a brine. But costs are higher because it involves traditional mining and an energy intensive separation process.

MAIN SPODUMENE PRODUCERS
Talison Lithium TLH-TSX - Greenbushes, Australia (worlds largest pure lithium producer)
Significant deposits being explored in Canada, U.S. and China.

HECTORITE CLAY
A newer source of lithium is clay deposits - which sits between brines and hard rock in terms of cost-effectiveness.The mining costs are cheaper with clay, as it is relatively easy to extract. But the clay must be leached or roasted to extract the lithium, a chemically intensive process.
There is currently no lithium produced from hectorite, but explorers say processing clay in Nevada could rival Chile's brines for cost-effectiveness.

CLAY EXPLORERS
Western Lithium <WLC.V> - Kings Valley, Nevada
Rodina Lithium RM-ŦSX Kings Valley, Nevada (also has brine property in Argentina)

Sources: Dundee Securities Corporation, Byron Capital Markets, U.S. Geological Survey, company websites. (Reporting by Julie Gordon; editing by Janet Guttsman)

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Electric cars put lithium miners on fast track (1 hour ago by Thomson Reuters)

* Lithium demand seen doubling by 2020

* Push for fuel economy through hybrids, EVs boosts demand

* Battery makers, automakers buying stakes in miners

* Producers see benefits of diversifying production

By Julie Gordon
TORONTO, Oct 7 (Reuters) - Lithium miners are reaping the benefits of a political and industry push to get more electric vehicles on the road, with shares in some Canadian-listed miners up more than 50 percent in the past two months.

Four major producers have long dominated lithium output and demand is likely to double in the next 10 years as automakers roll out hybrid and electric cars using lithium-ion batteries.
That has opened the door to numerous exploration companies and junior miners looking to capitalize on the trend.

But while lithium is fairly abundant, it is not easy to find a cost-effective deposit and process the highly reactive metal. That points to increased M&A activity for companies with promising reserves but only a distant chance of production.

"Lithium is an extremely active area," Byron Capital Markets analyst Jon Hykawy said of deals in the sector, adding that most automakers and battery companies want to spread their lithium purchases over several miners. "No one major firm is going to stop with one small junior prospect," he said. "They can't put all their eggs in one basket that way."

Early this year, Magna International acquired a 13.3 percent stake in junior miner Lithium Americas in exchange for a guaranteed 25 percent share of production, even though the Toronto-based company doesn't plan on having a single ounce of lithium to sell before 2014.
Shares of the Lithium Americas have risen 60 percent in the past two months on the Toronto Stock Exchange.

"You always protect your supply chain," said Ted Robertson, president of Magna's E-Car Systems. "To mine lithium, and have it in the form we need for these batteries, there are only certain people doing that today."
Magna, the world's third-largest auto parts manufacturer, recently created an E-Car division, which will build parts for hybrid and electric cars, as well as full electric cars.

The company uses about 8.9 kilograms (19.6 pounds) of lithium for each battery pack, along with other elements such as cobalt, nickel and iron. "I would say that lithium, as the basic substance in batteries, will be the current technology being used over the next 10-20 years," Robertson said. After that: "My bet is we'll just refine the lithium compounds that are used in the batteries today."

For graphic on lithium demand: http://r.reuters.com/guk47p
Three diversified companies, SQM , Rockwood's Chemetall and FMC , account for 60 percent of global lithium carbonate production.

The only pure-play producer is Australia's Talison Lithium -TLH-TSX with about 24 percent.
Talison recently bought Salares Lithium and used the Vancouver-based company to list on the Toronto Stock Exchange.

Looking ahead, companies with promising properties like Rodinia Lithium <RM.V>, Lithium One <LI.V> and Western Lithium <WLC.V> could become takeover targets, said Hykawy. And with demand soaring, there is space for two or three of the junior miners to grow into major players, analysts say.

Global lithium output doubled to 92,000 tonnes in 2008 from 45,000 tonnes in 1997, and one major producer says demand will be over 200,000 tonnes in 2020.

"That's a major, major step forward in terms of demand forecast by a major lithium producer," Hykawy said. "It strongly suggests that there's more than enough room for the juniors to come to the market, to become major players."

CURBING CARBON EMISSIONS
The main force driving growth is the push by U.S. and European governments to reduce carbon emissions, including a U.S. plan to increase fuel economy by 42 percent by 2016. "We think the only way they can do that is by doing the electrification of vehicles - so more use of hybrids," said Tom Astle, head of research for Dundee Capital Markets.

The majority of the world's lithium supply is currently mined from giant salt lakes in Argentina and Chile that offer a low-cost, high-grade source of the reactive metal. But not all salt lakes contain lithium.

"People think that simply because you stake ground in a salt lake it means that you have lithium mine," said Lithium Americas Chief Executive Waldo Perez. "Well it's not." He added that production from brines takes at least two years, making responding to rapid changes in demand difficult.

Lithium can also be mined from hard rock, called spodumene, in a quicker but costlier process.

For Talison, a spodumene miner with projects in Australia, the decision to buy Salares for its Salares 7 brine project in Chile was easy. "The logic of combining a mineral producer and a brine producer is that it guarantees a secure supply," said Chief Executive Peter Oliver. "If you're looking at a car manufacturer that's putting $100 of lithium into a $50,000 car, the one thing they do want is to guarantee a high-quality, secure supply."

($1=$1.01 Canadian) (Reporting by Julie Gordon; Editing by Frank McGurty and Janet Guttsman)

Monday, October 25, 2010

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Main Features

Features

1． A refined design incorporating ‘HIT® solar cells’ and ‘lithium-ion batteries’

2． Reduces impact on the environment through the use of lithium-ion batteries

3． The solar cells, lithium-ion batteries and LEDs are low-maintenance and have a long operating life

Press Contact

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Tuesday, October 12, 2010

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1． A refined design incorporating ‘HIT^® solar cells’ and ‘lithium-ion batteries’