Resource News

Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that the TSX Venture Exchange has approved the previously announced (see Press Release dated February 1, 2022) agreement between ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION") and Aranjin whereby the parties granted one another reciprocal exploration rights on their respective exploration licences within Mongolia.

Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This structured approach is aimed at enlarging both Parties' exploration area within the mineral rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

The Company's consolidated financial results for the year ended December 31, 2021, have been filed on SEDAR. The full version of the consolidated financial statements and associated management's discussion & analysis can be viewed on the Company's website at www.aranjinresources.com or under the Company's profile on SEDAR at www.sedar.com.

About Aranjin Resources Ltd.

Aranjin Resources Ltd. is committed to exploring and developing its prospective copper projects, the Sharga Project, theBayan Undur Project, both located in Mongolia. Information about the Company is available on its website, www.aranjinresources.com, or under its profile on SEDAR at www.sedar.com.

Contact Information

Siloni Waraich
Media Relations
+1 416-432-4920

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the anticipated completion of the Joint Venture, contemplated expenditures of the Parties, anticipated development of mineral projects into the exploitation phase, appointments of certain executives and board members, issuances of common shares of Aranjin in connection with the appointment of Mr. Haji, and completion of acquisitions. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of ION and/or Aranjin to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: (i) any inability of the parties to satisfy the conditions to the completion of the Joint Venture on acceptable terms or at all; (ii) any inability to effect the acquisition of any mineral projects, or produce a favorable feasibility study; (iii) any inability to effect appointments of individuals to the board or management of Aranjin; (iv) any inability to effect a share issuance to Ali Haji, including due to a failure to obtain the requisite regulatory approvals; and (v) receipt of necessary domestic and foreign stock exchange, court, shareholder, and other regulatory approvals. Although management of each of ION and Aranjin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the ION or Aranjin common shares, nor shall there be any offer or sale of the ION or Aranjin common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120509

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ION:CA
ION Energy: Significant Lithium Brine Discovery at Urgakh Naran Lithium Project

ION Energy: Significant Lithium Brine Discovery at Urgakh Naran Lithium Project

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is extremely pleased to report that the Company has made a significant lithium brine discovery at its +29,000 hectare 100% owned Urgakh Naran Lithium Project in Mongolia. The brine sample was collected at surface from a shallow pool and assayed 918 mgL Lithium. This is an exceptional early result for the Company and is the highest grade lithium brine known to have ever been collected in Mongolia. This is also in line with lithium brine results from producing operations immediately to the south in China.

"These exceptional early results are extremely exciting for all stakeholders, they reinforce the Company view that high quality lithium brines could be discovered at the Urgakh Naran Lithium Project. We anticipate many more positive updates to the market in the coming months as exploration is ramped up over summer. ION has an active and expanded exploration team on site at Urgakh Naran and exploration is ongoing," said Ali Haji, CEO & Director of ION Energy Ltd.

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ION Energy provides Site Visit and Exploration Update

ION Energy provides Site Visit and Exploration Update

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is excited to provide an extensive operational and exploration update on the heels of the site visits in Mongolia in late April, to our Baavhai Uul and Urgakh Naran projects:

  • +81,000 hectare Baavhai Uul flagship project has shown ~25% lithium anomalies thusfar, as further drilling results are pending; and

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ION's CEO & Technical Team Embark on Site Visits in Mongolia

ION's CEO & Technical Team Embark on Site Visits in Mongolia

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is excited to provide an operational update, while our team conducts site visits in Mongolia.

Ion Energy's CEO, Ali Haji, is in Mongolia for strategic site visits from April 16th to 26th, in anticipation of sharing plans with the market for our pending drilling programs. He will be accompanied by senior technical team members, including: ION Director, Enkhtuvshin Khishigsuren, with 30 years of Mongolian mineral discovery experience, Don Hains, P.Geo, MBA, Lead Technical Advisor, and Dr. Mark King, PhD, PGeo.

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ION Energy Strengthens Team by Appointment of Strategic Director

ION Energy Strengthens Team by Appointment of Strategic Director

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is very pleased to welcome Wendy Li to the Company as Director - Asia, with a focus on strategic relationships across Asia.

"We are very proud and excited to welcome Wendy to the ION team. She brings significant experience in the resource sector, international trade and supply chain management. Wendy's exceptional track record of business development and forging long-term partnerships across Asia, including Mongolia and China, will enhance ION's aggressive growth plan as we strive to play a pivotal role in Asia's battery metals supply hub," says Ali Haji, CEO & Director of ION Energy Ltd.

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ION Energy Identifies New Lithium Discovery: White Wolf Prospect, with Highly-Encouraging Results Up To 1,502 ppm

ION Energy Identifies New Lithium Discovery: White Wolf Prospect, with Highly-Encouraging Results Up To 1,502 ppm

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is very pleased to announce that the Company has made a new lithium discovery, the White Wolf Prospect, at its 100% owned Baavhai Uul Lithium Salar Project in south eastern Mongolia.

Highlights

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Lithium Miner SQM's Profits Surge on Higher Lithium Prices

Soaring lithium prices supported earnings from Chile’s SQM (NYSE:SQM) during the first quarter, with the miner seeing its net income reach US$796.1 million ― up from US$68 million a year earlier.

The top lithium producer's revenue from lithium sales increased almost 970 percent year-on-year to hit US$1.44 billion, with its sales volume increasing 59 percent and reaching its highest level at 38,100 tonnes.

“The lithium market continues to be very dynamic and at times difficult to gauge and estimate,” the company said in a Wednesday (May 18) statement. “Despite the higher pricing environment we have seen, we still believe that the lithium market will grow at least 30 percent this year.”

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SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2022

Highlights

  • SQM reported net income for the three months ended March 31, 2022 of US$796.1 million , compared to US$68.0 million in same period of 2021.
  • Revenues for the three months ended March 31, 2022 , were US$2,019.8 million .
  • Earnings per share totaled US$2.79 for the three months ended March 31, 2022 .
  • Our first quarter results include payments related to the agreement with Corfo and tax provisions that totaled approximately US$800 million .
  • Adjusted EBITDA margin for the first three months of 2022 reached 58.7%.
  • SQM will hold a conference call to discuss these results on Thursday, May 19 , at 12:00pm ET ( 12:00pm Chile time).

    Participant Dial-In (Toll Free):                    1-855-238-1018

    Participant International Dial-In:                             1-412-542-4107

    Webcast: https://services.choruscall.com/links/sqm220519.html

Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings today for the three months ended March 31, 2022 of US$796.1 million ( US$2.79 per share), an increase from US$68.0 million ( US$0.26 per share) reported for the three months ended March 31, 2021 . Gross profit reached US$1,164.7 million (57.7% of revenues) for the three months ended March 31, 2022 compared to US$136.6 million (25.9% of revenues) recorded for the three months ended March 31, 2021 . Revenues totaled US$2,019.8 million for the three months ended March 31, 2022 an increase compared to the US$528.5 reported for the three months ended March 31, 2021 .

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