ION Energy Announces Impressive Results at Urgakh Naran

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company"), Mongolia's first lithium brine explorer and developer, is very pleased to share drilling results and an update on exploration at the Urgakh Naran Lithium Project in Mongolia.

Highlights:

Successfully completed the drilling of three lithological diamond core drill holes for a total depth of 954m
Notable two metre drill core results include:
- UNDH-01: 123m at 278ppm lithium from 122m, with maximum lithium reported at 832ppm over 2m;
- UNDH-02: 100m at 362ppm lithium from 65m, with maximum lithium at 601ppm over 2m; and
- UNDH-03: 71.4m at 360ppm lithium from 3.6m with maximum lithium at 911ppm over 2m.
Completed drilling of two hydrological test wells for testing of basin brines. The third test well is currently being completed

"The Company is extremely pleased with the drilling results obtained from the recently completed exploration diamond core drilling program. Results have indicated a lithium pregnant basin with significant potential for insitu brine at relatively shallow depths. The Company is now completing its third hydrological test well with brine sampling to commence across all three wells in the coming months. The Urgakh Naran Basin is over 17,000 ha in size and is showing the potential to host significant brine accumulations in close proximity to the national electric grid and critical development infrastructure," said Ali Haji, CEO & Director of Ion Energy. "With the world experiencing notable supply constraints in much-needed lithium resources, Ion Energy continues to move quickly to help address this global issue."

Figure 1: Drill location map at the Urgakh Naran Lithium Project, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_002full.jpg

Figure 2. UNDH-01 Lithium Results, Urgakh Naran, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_003full.jpg

Figure 3. UNDH-02 Lithium Results, Urgakh Naran, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_004full.jpg

Figure 4. UNDH-03 Lithium Results, Urgakh Naran, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_005full.jpg

Figure 5. UNDH-03, Urgakh Naran, Dorngovi, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_006full.jpg

Figure 6. UNWH-03 Drilling, Urgakh Naran, Mongolia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6906/147103_6c549d5f8443d8e8_007full.jpg

All technical information disclosed in this press release has been reviewed and approved by Khurelbaatar Lamzav, P.Geo., an independent consultant to the Company and a "Qualified Person" under National Instrument 43-101.

About ION Energy Ltd.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is committed to exploring and developing Mongolia's lithium salars. ION's flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world's increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com.

For further information:

COMPANY CONTACT: Ali Haji, ali@ionenergy.ca, 647-871-4571

MEDIA CONTACT: Siloni Waraich, siloni@ionenergy.ca, 416-432-4920

Cautionary Note Regarding Forward-Looking Information

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 news release.

Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Important factors that could cause actual results to differ materially from Ion Energy's expectations include, among others, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of lithium, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147103

News Provided by Newsfile via QuoteMedia

battery metals investing tsxv:ion Battery Metals Investing

ION:CA

Lithium ION Energy Announces Completion of Debt Settlement

Lithium ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: ZA4) ("ION" or the "Company") further to the announcement of March 13, 2024, confirms that it has completed debt settlement agreements with certain arm's length and non-arm's length creditors. Pursuant to the debt settlement agreements, the Company has settled an aggregate amount of $98,419 in debt, in consideration for which it will issue an aggregate of 393,675 common shares (the "Shares") of the Company at a deemed price of $0.25 per Share.

All Shares issued in relation to these debt settlements will be subject to a hold period expiring four months and one day after the date the Shares are issued, in accordance with applicable securities laws and the policies of the TSXV.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lithium ION Energy Announces Warrant Extension

Lithium ION Energy Ltd (TSXV: ION) (OTCQB: IONGF) (FSE: ZA4) ("ION" or the "Company") announces today that it intends to extend the expiry date of an aggregate 11,500,000 outstanding common share purchase warrants of the Company (the "April Warrants") by 12 months to April 12, 2025 and an aggregate 4,000,000 outstanding common share purchase warrants of the Company (the "July Warrants" and collectively with the April Warrants, the "Warrants") by 12 months to July 20, 2025 (collectively with the extension of April Warrants, the "Extension").

The April Warrants were issued pursuant to a public offering which closed on April 13, 2021 and are set to expire on April 12, 2024. The April Warrants were issued pursuant to a warrant indenture dated April 13, 2021 between the Company and TSX Trust and each April Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $0.70. The July Warrants were issued pursuant to a non-brokered private placement which closed on July 20, 2023 and are set to expire on July 20, 2024. Each July Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $0.40.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lithium ION Energy Announces Debt Settlement and Grant of Stock Options

Lithium ION Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: ZA4) ("ION" or the "Company") announces that it has negotiated debt settlement agreements with certain arm's length and non-arm's length creditors. Pursuant to the debt settlement agreements, and subject to acceptance by the TSX Venture Exchange (the "TSXV"), the Company has settled an aggregate amount of $143,669 in debt, in consideration for which it will issue an aggregate of 606,675 common shares (the "Shares") of the Company at a deemed price of $0.24 per Share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

ION Energy Announces Corporate Update: Leadership Changes and Bliss Lake Agreement

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is pleased to announce exciting leadership changes, as the Company continues on its rapid growth trajectory.

Robert Payment will be joining the Ion Energy team as Chief Financial Officer, as a seasoned CPA with 16 years of comprehensive experience spanning finance, reporting, regulatory compliance, public company administration, equity markets, and the financing of publicly traded companies. His career commenced in public practice focusing on the audit of public resource issuers, and since 2014 he has served as a CFO and consultant to a portfolio of companies listed on both the TSX Venture Exchange and the Canadian Securities Exchange (CSE).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Lithium Universe Ltd MOU Signed with Lafarge Canada Inc.

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce the signing of a non-binding Memorandum of Understanding (MOU) with Lafarge Canada Inc. ("Lafarge") for the exclusive supply of Aluminosilicate Secondary Product (ASCR) produced from the Becancour Lithium Refinery.

Highlights

- MOU signed with strategic cement partner, Lafarge Canada Inc.

- Canadian cement producer, part of the Holcim Group

- Exclusive supply of all Aluminosilicate product ("ACSR") from Becancour

- ACSR is used as an additive to cement products

- Improves cement durability, strength, and production costs

- Significant growth in Canadian cement industry

ASCR, commonly used as an additive in the cement industry, significantly enhances compressive strength and reduces production costs. Lafarge, a strategic Canadian cement producer, is part of the Holcim Group. Both parties will now work towards finalizing a definitive supply and purchase agreement.

About Lafarge Canada Inc.

Lafarge Canada (www.lafarge.ca) is the largest provider of innovative and sustainable building solutions in Canada, including aggregates, cement, ready mix and precast concrete, asphalt and paving, road and civil construction. We have over 6,900 employees and 400 sites across the country, and as an affiliate of Holcim, Lafarge Canada is driven by the Group's purpose to build progress for people and the planet.

Holcim's 63,448 employees are on a mission to decarbonize building while improving living standards for all. We empower our customers to build better with less, with a broad range of low-carbon and circular solutions, from ECOPact(R) to ECOPlanet(R). Through innovative systems, from Elevate's roofing to PRB's insulation, Holcim makes buildings more sustainable in use, driving energy efficiency and green retrofitting.

With sustainability at the core of its strategy, Holcim is on its way to becoming a net-zero company with 1.5degC targets validated by SBTi.

Benefits of ASCR Product

The process yields in the region of 130,000 tonnes of alumina silicate by-product annually and will be marketed as a cement additive. This product comprises silica (SiO2), aluminium oxide (Al2O3), and ferric oxide (Fe2O3).

It features a fine particle size and large specific surface area, enhancing its reactivity and utility in cement production. The Jiangsu Lithium Refinery successfully sold this by-product to local cement industries. Alumina silicate can improve cement strength and durability by absorbing Ca(OH)2 produced during hydration, filling gaps, and reducing heat generation. It also helps to resist cracking in large-volume concrete by mitigating temperature-induced stress. The effectiveness of alumina silicate in cement is well-established, with cement containing 30% alumina silicate showing a 132% increase in 28-day compressive strength compared to Portland cement. Additionally, using the fly ash activity determination method, cement with 30% alumina silicate demonstrates a 174% increase in 3-month compressive strength compared to cement with 30% finely ground quartz sand. By replacing some cement raw materials, alumina silicate can reduce production costs, improve efficiency, and enhance cement quality and durability. Lithium Universe will focus on establishing sales of the alumina silicate additive to local cement manufacturers, providing significant cost-saving benefits.

Canadian Cement Industry

The cement industry in Canada has shown notable growth and resilience in recent years. In 2021, the cement and concrete product manufacturing industry's revenue reached approximately $12.3 billion, marking an increase of 14.14% from $10.8 billion in 2020, indicating robust demand in construction sectors. Cement production volumes in Canada also increased, with the country producing about 13.8 million metric tonnes in 2022, up by 6.2% from 2020's 13 million metric tonnes. This growth aligns with the broader economic recovery post-pandemic, driven by significant investments in infrastructure and residential construction. Moreover, the market size for cement manufacturing in Canada was estimated at $2.1 billion in 2025, with a compound annual growth rate (CAGR) of 0.5% from 2019 to 2024, though it experienced a decline at a CAGR of 3.8% over that period due to various market dynamics. The industry employs over 166,000 people, contributing significantly to Canada's economy with an annual economic impact of around $76 billion.

Lithium Universe Chairman, Iggy Tan said, "This is great news for Lithium Universe as we partner with Lafarge Canada Inc. to enhance the North American battery materials supply chain and promote sustainable innovation in Canada's cement industry. This collaboration will not only advance our focus on building Becancour Lithium refinery's secondary product supply chain but also strengthening local supply chains, fostering a more circular economy in Quebec, and contributing to greener construction materials."

About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Coniagas Engages Laurentia Exploration for Drill Program on its near surface and extensive Ni-Cu-Co-PGM Massive Sulfide Mineralization Zones at Graal

(TheNewswire)

Vancouver, BC TheNewswire - February 3, 2025 Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is pleased to engage the services of Laurentia Exploration to design and manage ongoing exploration activities at the Graal property, highlighting the potential of this strategically located asset near Saguenay-Lac St. Jean, Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Brunswick Exploration Reports Phase 1 Metallurgical Results at Mirage with Potential for DMS-Only Flowsheet

Brunswick Exploration Inc. ( TSX-V: BRW OTCQB: BRWXF ; FRANKFURT:1XQ; ; " BRW " or the " Company ") is pleased to report preliminary, Phase 1, metallurgical results from test work on drill core samples from the Mirage Project. The test was conducted by SGS Canada Inc. in Lakefield, Ontario and comprised of heavy liquid separation ("HLS") testing, and dense media separation ("DMS") testing. The program was completed on a representative mineralized dyke comprising of material from MR-6, MR-3, MR-4 and a single dyke in the stacked dyke area.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Dyke	Hole ID	Li2O (%)	Length (m)	Proportion
MR-6	MR-24-91	1.40	56	42	%
MR-3	MR-24-94	1.10	9.9	23	%
MR-4	MR-24-92	3.30	14.1	21	%
Stacked Dyke	MR-24-76	3.09	10.9	14	%

Table 2: HLS Test results
		Head Grade (% Li2O)	Concentrate Grade, (% Li2O)	Li Recovery (%)
	9.5mm	1.55	5.5	67.6
			6.0	57.0
	6.3mm	1.59	5.5	76.0
			6.0	69.8

	Assays%
	Li ₂ O	SiO ₂	Al ₂ O ₃	Fe ₂ O ₃	MgO	CaO	Na ₂ O	K ₂ O	MnO	P ₂ O ₅
MC DMS Conc	5.70	67.6	23.6	0.65	0.04	0.24	0.81	0.51	0.20	0.04
MC DMS Middlings	1.29	78.5	13.5	0.29	0.04	0.43	3.10	1.52	0.09	0.05
MC DMS Tailings	0.07	77.6	13.0	0.13	0.02	0.42	4.50	3.64	0.03	0.05
MC DMS -0.85 mm Fines	1.01	77.2	13.2	0.84	0.28	0.69	3.23	2.27	0.10	0.06

ION Energy Announces Impressive Results at Urgakh Naran

Lithium ION Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Key Projects

Baavhai-Uul Project, Mongolia

Exploration work

Drilling Results

Urgakh Naran: Rising Sun Project

Urgakh Naran Project license map

Bliss Lake Lithium Project

Little Nahanni Claims

Management Team

Ali Haji - CEO and Director

Matthew Wood - Chairman of the Board

Bataa Tumur-Ochir - Director

Aneel Waraich - Director

Joseph Gallucci – Director

Enkhtuvshin Khishigsuren - Director

Robert Payment - Chief Financial Officer

Wendy Li - Director, Asia

Latest News

Lithium ION Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS