This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Great American Energy, Inc. Management Attend 5th Lithium Supply & Markets Conference In Las Vegas, Visit Nevada-Based Lithium Project & Nearby Producing Area

Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the Company") is pleased to announce the management attended the 5 th Lithium Supply & Markets industry conference in Las Vegas from January 29-31, 2013. During the conference, the management team visited the Company's Big Smoky Valley (BSV) lithium property in Nevada on January 29, 2013. The BSV lithium project's 48 unpatented placer mining claims comprise ~7,680 acres (~3,108 hectares) adjacent to Clayton Valley's lithium deposit. The Clayton Valley brines have some of the highest lithium content of brines anywhere in the world, and the valley's deposit may exceed 700 million kg (Source: Price/Lechler report).[1]

Following the site visit, Great American Energy's management also visited the adjacent Silver Peak Mine in Clayton Valley, America’s only producing lithium mine, operated by Chemetall Foote, a subsidiary of Rockwood Holdings, Inc. The Silver Peak Mine has been producing for over 40 years at a rate of ~5,000 lithium carbonate equivalent (LCE) tonnes per year. The lithium-bearing rhyolites (i.e., fine-grained extrusive volcanic rock) contained in the surrounding playa floor are among the richest in the world according to US Geological Survey (USGS) information.[1]

According to a National Instrument 43-101 compliant technical report (Coast Mountain Geological Ltd, Sept. 2009) on what is now Great American Energy's Big Smoky Valley lithium property, the BSV property represents similar geology to that of the Silver Peak Mine in the adjoining Clayton Valley.[2]

Among the themes explored at the 5 th Lithium Supply & Markets conference were developments in end user markets (including the outlook for vehicle electrification and its potential impact on the lithium demand for auto batteries); the current exploration and production state (including status of projects in development and the use of numerical modeling for reserve estimation); and recent industry mergers (including Lithium 1 and Galaxy Resources, and Tallison and Rockwood).

Great American Energy's CEO, Felipe Pimienta, commented: "Attending the Lithium Supply & Markets conference was another reminder of just how much industry demand for lithium is growing. It was very encouraging. And, as always, visiting our Big Smoky Valley property and seeing the signs of proven production so nearby further drove home the true potential of our lithium property. Our visit also highlighted the further significance of our lithium project's location, from Nevada being one of the top mining jurisdictions in the world, to all the surrounding infrastructure, the extensive room for evaporation ponds, and even our close proximity to lithium battery and hybrid/electric vehicle manufacturers in California and others in the US and Canada."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,040.37 +29.69 0.16%
S&P 500 2,111.73 +4.34 0.21%
NASDAQ 5,082.9290 +12.9030 0.25%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs