LiCo Energy Metals Fully Funded And Set To Begin Exploration Program On Teledyne Cobalt Project

October 19th 2016 – Vancouver, British Columbia – LiCo Energy Metals Inc. (TSXV:LIC) is please to report that it has recently filed on SEDAR, a National Instrument 43-101 compliant, summary report on the Teledyne cobalt/silver property located on the west side of Timiskaming Lake, in Cobalt, Ontario (the “Teledyne Project”).  This report, written by Joerg Kleinboeck QP for the Project, contains historical exploration data on the Teledyne Project and recommends an exploration program in the amount of approximately $780,000 CAD consisting of geologic compilation, geophysics and drilling.  LiCo currently has approximately $1,825,000 CAD in working capital in the treasury, including the necessary funds set aside for this program. Management expects to begin phase-one of the program within the next 3 to 4 weeks, weather permitting.
CEO Rick Wilson states “With the Electric Vehicle (EV) movement creating a dramatic increase in demand for energy metals, such as cobalt and lithium; LiCo Energy Metals is strategically placing itself at the forefront of the race to find new, ethical cobalt and lithium exploration targets. The Company is fully funded, with approximately $1,825,000 CAD in the treasury and has recently changed its names to reflect this new direction. The ambitious goals of global leaders, including a plan by the European Union to require every new or refurbished home in all EU countries to be equipped with an EV charging point beginning in 2019, means we can no longer deny the critical role that energy metals will play in the future.”
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