Post by stocksdivas on Feb 29, 2012 14:07:34 GMT -5
LI3 Energy, Inc.
About Li3 Energy, Inc.
Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project, Li3's goals are to;
a) support the global implementation of clean and green energy initiatives;
b) meet growing lithium market demand; and
c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries.
Li3 Energy, Inc.
Av. Pardo y Aliaga 699 Of. 802
Lima 27 - Perú
P: (+51-1) 212-1880
Marchant Pereira
150 Oficina 803
Providencia, Santiago - Chile
Investor Relations
Marc S. Lubow
The InVentures Group
info@li3energy.com
P: (904) 645-9549
www.otcmarkets.com/stock/LIEG/quote
LIEG Management Team
Li3 brings over 125 years of combined experience in exploration, mining, minerals, start-up, finance and business development to bear in managing the company. The complementing strengths and balance of its Management Team coupled with that of its contracted advisors and consultants will ensure that from start to finish, the attention to detail from exploration, governmental affairs and regulations, business development, marketing, strategic partnerships and off-take agreements will result in timely decisions and execution.
Luis A. Saenz, CEO, Director
Mr. Saenz currently serves as our CEO and has been in this capacity since he joined the Li3 in October 2009. He has also served as a director on our Board of Directors since October 19, 2009. Mr. Saenz has over 18 years of experience in the mining industry. He is currently, and has been since July 21, 2008, the CEO and President and a Director of the publicly traded Loreto Resources Corporation (LRTC.OB). Mr. Saenz was formerly employed at Standard Bank ("Standard") with Standard's investment banking unit, Standard Amer-icas, Inc. Mr. Saenz joined Standard in New York in 1997 and relocated to Peru in 1998 to establish Standard's Peru representative office. While in Peru, Mr. Saenz led Standard's mining and metals organization effort in the Latin America region. Mr. Saenz returned to New York in 2007 to head Standard's mining and metals team in the Americas. Mr. Saenz previously worked for Pechiney World Trade in the base metals trading area before joining Merrill Lynch as Vice-President for Commodities in Latin America. Mr. Saenz also serves on the Board of Directors of Coronet Metals, a Vancouver based and Toronto listed advanced stage golg and silver exploration and mining company. Mr. Saenz graduated from Franklin and Marshall College in 1991 with a Bachelor of Arts degree in economics and international affairs.
E. Thomas Currin, Jr., COO
Mr. Currin, Jr., has been our interim Chief Operating Officer since August 11, 2010. Mr. Currin is the founder and President, since 1993, of Limtech Technologies, Inc., a privately held company providing engi-neering services, lithium chemical products and recycling services to the lithium chemical industry. From June 2004 to June 2009, Mr. Currin served as Chairman of Limtech Carbonate, Inc., a privately held Canadian company which declared bank-ruptcy in June 2009 and was liquidated in August 2009. From 1981 to 1993, Mr. Cur-rin served in various capacities with FMC, Inc., a diversified chemicals, mining and machinery company, including as Division Planning Coordinator for FMC's Lithium Division. Prior to FMC, Mr. Currin was Production and Process Engineer from 1978 to 1981 of Reynolds Metals Company, an international mining and chemical compa-ny. Mr. Currin earned a Bachelor of Science degree in Chemical Engineering from North Carolina State University in 1978. Mr. Currin holds or has held memberships in the Combustible Metals Committee of the National Fire Protection Association, in the Metals Section Executive Committee of the National Safety Council and in the Ameri-can Institute of Chemical Engineers.
Eric Marin, Chief Financial Officer
Mr. Marin has been our interim Chief Financial Officer since January 13, 2010. Since March of 2009, Mr. Marin has been the interim chief financial officer of Loreto Resources Corporation. Mr. Marin has worked in the Management and Information Technology Consulting business for almost 20 years. Mr. Marin is the President and CEO of Marin Management Ser-vices, a privately-held consultancy firm offering management, financial, and infor-mation technology consulting services to companies. From April 2006 to April 2009, Mr. Marin was a vice president of Quorum Business Solutions where he was respon-sible for building and managing client relations and overseeing operational budget, strategic planning, business development and organizational leadership services for various Fortune 500 companies. Prior to that, from December 2003 through March 2006, Mr. Marin was the president and founder of Marin Medical Services LLC, a company providing front and back-office services to the healthcare industry. From April 1996 to November 2003, Mr. Marin was a partner with Accenture Ltd. where Mr. Marin was responsible for providing management and IT consulting services to For-tune 100 companies. From February 1994 to April 1996, Mr. Marin was project man-ager of Insource Management Group, where he managed IT consulting services for a number of companies. Mr. Marin received a Masters of Business Administration de-gree from the University of Houston in 1992, and a Bachelor of Science degree in Computer Science from Texas A&M University in 1986.
Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga project, Li3's goals are to; a) support the global implementation of clean and green energy initiatives; b) meet growing lithium market demand and; c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Li3 maintains corporate offices in Lima, Peru and Santiago, Chile. Li3 has several subsidiaries; Li3 Energy Peru SRL, a wholly owned subsidiary in Peru, formed to explore mining opportunities in South America; Minera Li Energy SPA, a wholly owned subsidiary in Chile; Noto Energy S.A. ("Noto"), an Argentinean corporation.
August 24th, 2011 Li3 executed a Securities Purchase Agreement with POSCO, Canada Ltd., a wholly-owned subsidiary of POSCO which provides Li3 commercial opportunities, technical support as well as up to $18MM in funding for the advancement and development of the Maricunga Project
June 29th, 2011 Li3 entered into a MOU with R3 Fusion Inc, pursuant to which the two companies will explore and evaluate the use of R3’s proprietary technology in the lithium brine process.
On May 23rd, 2011 Li3 closed a transaction whereby they acquired 60% of Sociedades Legales Mineras Litio 1 a 6 de la Sierra Hoyada de Maricunga, a group of six private companies (the “Maricunga Companies”), which collectively own the Maricunga Project (“Maricunga”). The Maricunga property is undeveloped and covers an area of approximately 3,553 acres (1,438 hectares), comprising six concessions, each held by a separate legal entity, and is located in the northeast section of the Salar de Maricunga in Region III of Atacama in northern Chile. In 1980, the Chilean Agency of Development, CORFO, performed a sampling program at the Salar de Maricunga, and concluded mainly that exploitation at Maricunga is feasible and the preliminary resources were estimated at 1.7 million of metric tons (MT) of potassium and 224,000 MT of lithium as Li. Through a parallel resource and process development strategy, Li3 will plans to begin Potassium Nitrate (KNO3) and Lithium Carbonate (Li2CO3) Production within two years. To ensure a competitive manufacturing cost, Li3 will focus on maximizing co-product credits and securing low cost raw material sources.
Li3 Energy, Inc. acquired 100% of the Loriscota, Suches, and Vizcachas Projects (the "Projects") respectively located in the Departments of Puno, Tacna and Moquegua, Peru. The projects are prospective of lithium and potassium deposits and are comprised of nine claims that cover a total area of 7,900 hectares (approximately 19,500 acres) at an elevation of 4,300 meters (approximately 14,000 feet) above sea level. The claims are not covered by any restrictions on mining, as they are located in areas designated open to exploration and mining according to Peruvian Ministry of Energy and Mines information. The Projects have undergone preliminary sampling and have been found to contain similar values to regional deposits in other more advanced South American operations that are currently under development for commercial production. The mineralization is similar to salt deposits in evaporitic lakes that are recognized producers of lithium. The Projects are in newly reinterpreted areas previously studied by the Peruvian Ministry of Energy and Mines in 1981, whose survey concluded that the Projects contain lithium and high potassium values and that they do not contain mapped wildlife or archeological reserves, creating no restrictions on lithium production potential.
Li3 owns prospective mineral claims for lithium and potassium that cover a total area of 3,553 acres in Chile and 19,500 acres in Peru. With a controlling interest in its flagship Maricunga property, and its other prospective strategic lithium and mineral holdings, Li3 Energy is focused on commercializing these assets as well as the acquisition and development of additional synergistic technologies and high potential lithium brine properties throughout the Americas. Li3 is led by a management team of seasoned industry veterans with extensive exploration, mining, minerals, finance and commercialization expertise and a Board of Directors including global industry thought leaders who have advised, led and operated numerous mining entities. Li3 plans to become a low-cost provider of lithium and other minerals, creating a globally focused, leader in the lithium sector.
About Li3 Energy, Inc.
Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project, Li3's goals are to;
a) support the global implementation of clean and green energy initiatives;
b) meet growing lithium market demand; and
c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries.
Li3 Energy, Inc.
Av. Pardo y Aliaga 699 Of. 802
Lima 27 - Perú
P: (+51-1) 212-1880
Marchant Pereira
150 Oficina 803
Providencia, Santiago - Chile
Investor Relations
Marc S. Lubow
The InVentures Group
info@li3energy.com
P: (904) 645-9549
www.otcmarkets.com/stock/LIEG/quote
LIEG Management Team
Li3 brings over 125 years of combined experience in exploration, mining, minerals, start-up, finance and business development to bear in managing the company. The complementing strengths and balance of its Management Team coupled with that of its contracted advisors and consultants will ensure that from start to finish, the attention to detail from exploration, governmental affairs and regulations, business development, marketing, strategic partnerships and off-take agreements will result in timely decisions and execution.
Luis A. Saenz, CEO, Director
Mr. Saenz currently serves as our CEO and has been in this capacity since he joined the Li3 in October 2009. He has also served as a director on our Board of Directors since October 19, 2009. Mr. Saenz has over 18 years of experience in the mining industry. He is currently, and has been since July 21, 2008, the CEO and President and a Director of the publicly traded Loreto Resources Corporation (LRTC.OB). Mr. Saenz was formerly employed at Standard Bank ("Standard") with Standard's investment banking unit, Standard Amer-icas, Inc. Mr. Saenz joined Standard in New York in 1997 and relocated to Peru in 1998 to establish Standard's Peru representative office. While in Peru, Mr. Saenz led Standard's mining and metals organization effort in the Latin America region. Mr. Saenz returned to New York in 2007 to head Standard's mining and metals team in the Americas. Mr. Saenz previously worked for Pechiney World Trade in the base metals trading area before joining Merrill Lynch as Vice-President for Commodities in Latin America. Mr. Saenz also serves on the Board of Directors of Coronet Metals, a Vancouver based and Toronto listed advanced stage golg and silver exploration and mining company. Mr. Saenz graduated from Franklin and Marshall College in 1991 with a Bachelor of Arts degree in economics and international affairs.
E. Thomas Currin, Jr., COO
Mr. Currin, Jr., has been our interim Chief Operating Officer since August 11, 2010. Mr. Currin is the founder and President, since 1993, of Limtech Technologies, Inc., a privately held company providing engi-neering services, lithium chemical products and recycling services to the lithium chemical industry. From June 2004 to June 2009, Mr. Currin served as Chairman of Limtech Carbonate, Inc., a privately held Canadian company which declared bank-ruptcy in June 2009 and was liquidated in August 2009. From 1981 to 1993, Mr. Cur-rin served in various capacities with FMC, Inc., a diversified chemicals, mining and machinery company, including as Division Planning Coordinator for FMC's Lithium Division. Prior to FMC, Mr. Currin was Production and Process Engineer from 1978 to 1981 of Reynolds Metals Company, an international mining and chemical compa-ny. Mr. Currin earned a Bachelor of Science degree in Chemical Engineering from North Carolina State University in 1978. Mr. Currin holds or has held memberships in the Combustible Metals Committee of the National Fire Protection Association, in the Metals Section Executive Committee of the National Safety Council and in the Ameri-can Institute of Chemical Engineers.
Eric Marin, Chief Financial Officer
Mr. Marin has been our interim Chief Financial Officer since January 13, 2010. Since March of 2009, Mr. Marin has been the interim chief financial officer of Loreto Resources Corporation. Mr. Marin has worked in the Management and Information Technology Consulting business for almost 20 years. Mr. Marin is the President and CEO of Marin Management Ser-vices, a privately-held consultancy firm offering management, financial, and infor-mation technology consulting services to companies. From April 2006 to April 2009, Mr. Marin was a vice president of Quorum Business Solutions where he was respon-sible for building and managing client relations and overseeing operational budget, strategic planning, business development and organizational leadership services for various Fortune 500 companies. Prior to that, from December 2003 through March 2006, Mr. Marin was the president and founder of Marin Medical Services LLC, a company providing front and back-office services to the healthcare industry. From April 1996 to November 2003, Mr. Marin was a partner with Accenture Ltd. where Mr. Marin was responsible for providing management and IT consulting services to For-tune 100 companies. From February 1994 to April 1996, Mr. Marin was project man-ager of Insource Management Group, where he managed IT consulting services for a number of companies. Mr. Marin received a Masters of Business Administration de-gree from the University of Houston in 1992, and a Bachelor of Science degree in Computer Science from Texas A&M University in 1986.
Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga project, Li3's goals are to; a) support the global implementation of clean and green energy initiatives; b) meet growing lithium market demand and; c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Li3 maintains corporate offices in Lima, Peru and Santiago, Chile. Li3 has several subsidiaries; Li3 Energy Peru SRL, a wholly owned subsidiary in Peru, formed to explore mining opportunities in South America; Minera Li Energy SPA, a wholly owned subsidiary in Chile; Noto Energy S.A. ("Noto"), an Argentinean corporation.
August 24th, 2011 Li3 executed a Securities Purchase Agreement with POSCO, Canada Ltd., a wholly-owned subsidiary of POSCO which provides Li3 commercial opportunities, technical support as well as up to $18MM in funding for the advancement and development of the Maricunga Project
June 29th, 2011 Li3 entered into a MOU with R3 Fusion Inc, pursuant to which the two companies will explore and evaluate the use of R3’s proprietary technology in the lithium brine process.
On May 23rd, 2011 Li3 closed a transaction whereby they acquired 60% of Sociedades Legales Mineras Litio 1 a 6 de la Sierra Hoyada de Maricunga, a group of six private companies (the “Maricunga Companies”), which collectively own the Maricunga Project (“Maricunga”). The Maricunga property is undeveloped and covers an area of approximately 3,553 acres (1,438 hectares), comprising six concessions, each held by a separate legal entity, and is located in the northeast section of the Salar de Maricunga in Region III of Atacama in northern Chile. In 1980, the Chilean Agency of Development, CORFO, performed a sampling program at the Salar de Maricunga, and concluded mainly that exploitation at Maricunga is feasible and the preliminary resources were estimated at 1.7 million of metric tons (MT) of potassium and 224,000 MT of lithium as Li. Through a parallel resource and process development strategy, Li3 will plans to begin Potassium Nitrate (KNO3) and Lithium Carbonate (Li2CO3) Production within two years. To ensure a competitive manufacturing cost, Li3 will focus on maximizing co-product credits and securing low cost raw material sources.
Li3 Energy, Inc. acquired 100% of the Loriscota, Suches, and Vizcachas Projects (the "Projects") respectively located in the Departments of Puno, Tacna and Moquegua, Peru. The projects are prospective of lithium and potassium deposits and are comprised of nine claims that cover a total area of 7,900 hectares (approximately 19,500 acres) at an elevation of 4,300 meters (approximately 14,000 feet) above sea level. The claims are not covered by any restrictions on mining, as they are located in areas designated open to exploration and mining according to Peruvian Ministry of Energy and Mines information. The Projects have undergone preliminary sampling and have been found to contain similar values to regional deposits in other more advanced South American operations that are currently under development for commercial production. The mineralization is similar to salt deposits in evaporitic lakes that are recognized producers of lithium. The Projects are in newly reinterpreted areas previously studied by the Peruvian Ministry of Energy and Mines in 1981, whose survey concluded that the Projects contain lithium and high potassium values and that they do not contain mapped wildlife or archeological reserves, creating no restrictions on lithium production potential.
Li3 owns prospective mineral claims for lithium and potassium that cover a total area of 3,553 acres in Chile and 19,500 acres in Peru. With a controlling interest in its flagship Maricunga property, and its other prospective strategic lithium and mineral holdings, Li3 Energy is focused on commercializing these assets as well as the acquisition and development of additional synergistic technologies and high potential lithium brine properties throughout the Americas. Li3 is led by a management team of seasoned industry veterans with extensive exploration, mining, minerals, finance and commercialization expertise and a Board of Directors including global industry thought leaders who have advised, led and operated numerous mining entities. Li3 plans to become a low-cost provider of lithium and other minerals, creating a globally focused, leader in the lithium sector.