Proactiveinvestors USA & Canada One World Lithium Inc. https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada One World Lithium Inc. RSS feed en Fri, 19 Jul 2019 02:03:22 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - One World Lithium progresses with summer drilling program at Salar del Diablo lithium brine project in Mexico ]]> https://ca.proactiveinvestors.com/companies/news/223776/one-world-lithium-progresses-with-summer-drilling-program-at-salar-del-diablo-lithium-brine-project-in-mexico-223776.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) will be reviewing several drill rig options with industry experts that have a successful track record of drilling salar-type deposits

The Vancouver-based company is progressing with its summer drill program at Salar del Diablo, a large 103,000-hectare lithium brine project in the State of California Baja Norte, Mexico.

Drill results to date prove the existence of brines in the basin and lithium in rocks, according to the operator of the program who is also a qualified person.

READ: One World Lithium completes successful drill campaign at Salar del Diablo project

OWL is working with leading drill company Layne Drilling and outside consultants skilled in successfully drilling salars after the junior’s current drill program hit a snag, with the initial five holes only able to complete a total of 690 meters instead of the planned total of 1,700 meters.

The company said in a statement that the presence of sand, multiple clay formations, unconsolidated gravel and rubble did not permit the drill holes to reach the depth targets in the last round of drilling.

All of the 98 sediment samples assayed for anomalous lithium and potassium with lithium grades ranging from a high of 273 ppm and a low of 7.3 ppm with an average of 47 ppm.

READ: One World Lithium sees huge potential at Salar del Diablo lithium brine project

“As previously reported, lithium exists in the rhyolitic source rocks, relic hot springs located throughout the property that contain lithium which may have been transported by faults to the salar, all 83 geochemical surface samples assayed for lithium, and anomalous lithium samples present in the five hole sediment samples,” said OWL CEO Doug Fulcher.

The company will be reviewing several drill rig options to ensure the next drilling program can reach total depths of more than 500 meters. Once the new rig is in place, OWL plans to resume its 4,250-foot drilling program in the fall of 2019.

“The Salar del Diablo property now covers 103,430 hectares of prospective lands and we have only partially explored less than 14% of this property,” Fulcher said. “To now drilling this correctly to depth will be an exciting time for our company.”

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 11 Jul 2019 11:12:00 -0400 https://ca.proactiveinvestors.com/companies/news/223776/one-world-lithium-progresses-with-summer-drilling-program-at-salar-del-diablo-lithium-brine-project-in-mexico-223776.html
<![CDATA[News - One World Lithium raises C$734,586 via private placement to fund Salar del Diablo project in Mexico ]]> https://ca.proactiveinvestors.com/companies/news/223602/one-world-lithium-raises-c734586-via-private-placement-to-fund-salar-del-diablo-project-in-mexico-223602.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) has closed on the first tranche of a private placement announced last month, raising C$734,586.

The Canadian company issued 3,672,930 units at a price of $0.20 per unit, leaving C$1,265,414 of the offering yet to close.

The net proceeds will be used primarily for funding the Salar del Diablo lithium brine project in Mexico and working capital, according to a statement.

READ: One World Lithium completes successful drill campaign at Salar del Diablo project

Each unit consists of one common share of One World and one-half of a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.25 for a period of 24 months from the closing of the offering. All securities are subject to a four month and one day hold from the closing date.

One World Lithium, based in Vancouver, currently has earned a 60% property interest with an option to acquire a further 30% property interest in the 103,430 hectares Salar del Diablo lithium brine project located in the State of California Baja Norte, Mexico. The project is one of the larger lithium brine prospects to be drill tested in 2019.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Tue, 09 Jul 2019 08:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/223602/one-world-lithium-raises-c734586-via-private-placement-to-fund-salar-del-diablo-project-in-mexico-223602.html
<![CDATA[News - One World Lithium completes successful drill campaign at Salar del Diablo project ]]> https://ca.proactiveinvestors.com/companies/news/222361/one-world-lithium-completes-successful-drill-campaign-at-salar-del-diablo-project-222361.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) released news today that it has completed its drill program at the Salar del Diablo lithium brine project in Mexico.

The company reported it drilled holes 1,3,6,9 and 11, with four holes intersecting aquifers that contain brine.

A fifth hole also intersected an aquifer that likely contains brine. In a statement, the company said the presence of multiple aquifers containing brine "indicate a potentially prospective area of over 20,000 hectares or 77 square miles on the northern third of the Salar del Diablo Property."

Shares of One World Lithium were on the rise Tuesday, up 5.7% at C$0.28 in Canadian trading.

READ: One World Lithium to raise C$2 million for Salar del Diablo exploration

"Despite a short drilling program of 19 days, the drilling results have been very successful and have helped to define additional prospective areas for further exploration and drilling this fall," said CEO Doug Fulcher. "In addition, several changes to the drilling process should improve the drilling efficiencies this fall. As well, the company expects to achieve increased drill hole depths. To that end, given the Salar del Diablo has never been drilled before, the operator and Layne Drilling have now learned how to drill substantially different geological conditions found in the valley."

One World Lithium currently has earned a 60% property interest with an option to acquire a further 30% property interest in the 103,430 hectares Salar del Diablo lithium brine project located in the State of California Baja Norte, Mexico.

Boosting footprint

One World Lithium also announced it has staked an additional 28,030 hectares, adjoining the existing northern claim block, which brings the firm's total claim block to 103,430 hectares or 399 square miles.

The firm noted that sediment and water samples have now been submitted to ALS Global labs in Hermosillo, Mexico and will be assayed for 41 elements including lithium, potassium, boron, and magnesium. The water samples will be analyzed for 35 elements, including lithium.

The company said it expects drill results out mid-to-late July 2019 and the firm expects further drilling permits and documentation during October, which will allow for an increased drilling program. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 18 Jun 2019 11:03:00 -0400 https://ca.proactiveinvestors.com/companies/news/222361/one-world-lithium-completes-successful-drill-campaign-at-salar-del-diablo-project-222361.html
<![CDATA[News - One World Lithium drills two more holes at Salar del Diablo ]]> https://ca.proactiveinvestors.com/companies/news/222084/one-world-lithium-drills-two-more-holes-at-salar-del-diablo-222084.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) released news today that it has completed two more holes at the Salar del Diablo lithium brine project in Mexico.

The company said it has completed holes 2019-1 and 2019-3 at the Salar del Diablo property, located in the state of Baja California, Mexico.

All sediment and water samples from the two drill holes will be delivered to ALS Global in Hermosillo, Mexico, for analysis.

READ: One World Lithium bolstered by promising drilling results at Salar del Diablo lithium brine project

Sediment samples will be analyzed utilizing induction coupled plasma (ICP) for 41 elements, which include lithium, potassium, magnesium and boron, and a suite of other elements.

Water samples will be analyzed utilizing ALS Global's lithium brine analysis ICP methodology and includes 35 elements that are relevant in brine exploration, in addition to lithium.

Shares of One World Lithium were at C$0.24 on Thursday. 

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Thu, 13 Jun 2019 10:58:00 -0400 https://ca.proactiveinvestors.com/companies/news/222084/one-world-lithium-drills-two-more-holes-at-salar-del-diablo-222084.html
<![CDATA[News - One World Lithium to raise C$2 million for Salar del Diablo exploration ]]> https://ca.proactiveinvestors.com/companies/news/221737/one-world-lithium-to-raise-c2-million-for-salar-del-diablo-exploration-221737.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) announced its plans to raise up to C$2 million to advance exploration work at its Salar del Diablo lithium brine project in Mexico.

Vancouver-based OWL is in the midst of a 12-hole, 4,250-metre drill program at Salar del Diablo, a 75,000-hectare property in Baja California, Mexico that covers an expansive salt flat.

Drilling is designed to test three geophysical zones, a geochemical lithium anomaly, and certain geologic structures that may trap and concentrate brines.

READ: One World Lithium bolstered by promising drilling results at Salar del Diablo lithium brine project

The non-brokered private placement includes up to 10 million units at a price of C$0.20 per unit. Each unit consist of one share and one-half warrant which is exercisable at C$0.25 for 24 months following the closing date.

In a statement, OWL said that there is no minimum number of units or aggregate proceeds required to close the offering and the company may decide to close the offering in one or more tranches.

It also noted that the company will allow shareholders as of May 25, 2018 to subscribe for units in the offering, provided that the existing security holder exemption is available. If the aggregate subscriptions for the units exceed the maximum number of securities to be distributed, the units will be sold to qualifying subscribers on a pro rata basis.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Fri, 07 Jun 2019 09:29:00 -0400 https://ca.proactiveinvestors.com/companies/news/221737/one-world-lithium-to-raise-c2-million-for-salar-del-diablo-exploration-221737.html
<![CDATA[News - One World Lithium bolstered by promising drilling results at Salar del Diablo lithium brine project ]]> https://ca.proactiveinvestors.com/companies/news/221573/one-world-lithium-bolstered-by-promising-drilling-results-at-salar-del-diablo-lithium-brine-project-221573.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) is seeing encouraging preliminary results from the first three holes of its spring drill program at the Salar del Diablo lithium brine project.

Vancouver-based OWL is in the midst of a 12 -hole, 4,250-metre drill program at Salar del Diablo, a 75,000-hectare property in Baja California, Mexico that covers an expansive salt flat. Drilling is designed to test three geophysical zones, a geochemical lithium anomaly, and certain geologic structures that may trap and concentrate brines.

Shares of OWL added 6.5% in morning trading Wednesday in Canada at C$0.25 and rose 5.8% on the OTC Markets to hit US$0.19.

READ: One World Lithium sees huge potential at Salar del Diablo lithium brine project

Initial results from the first three holes drilled on the property are promising for the presence of brine. All three holes intersected aquifers with water samples having a pH balance of around 8.6, which indicate brines.

Additionally, the holes were drilled through a mudstone layer near the surface of the Salar that may have trapped water-filled aquifers further below the layer. OWL said that there is “substantial” water in coarse sands below the mudstone layer that contain high flow rate aquifers.

“Drilling to date demonstrates that there are multiple aquifers in the northern part of the Salar which indicates that the entire Salar could be very prospective,” the company said in a release, highlighting the distance between drill hole 2019-9 in the north and 2019-11 to the south is 14 kilometers.

Forging ahead

The company has added an extra drill crew to keep the drills turning 24 hours a day, it said in a release.

According to OWL, local ranchers have reported that several wells in the area contain brine, which the company hopes to follow up with further testing during the latter portion of the drill program.

OWL also announced that it had closed the final tranche of its private placement, raising a total of C$2.1 million. The proceeds will be used primarily to advance Salar del Diablo.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 05 Jun 2019 10:17:00 -0400 https://ca.proactiveinvestors.com/companies/news/221573/one-world-lithium-bolstered-by-promising-drilling-results-at-salar-del-diablo-lithium-brine-project-221573.html
<![CDATA[News - One World Lithium sees huge potential at Salar del Diablo lithium brine project ]]> https://ca.proactiveinvestors.com/companies/news/220961/one-world-lithium-sees-huge-potential-at-salar-del-diablo-lithium-brine-project-220961.html One World Lithium Inc (CSE:OWL) (OTCMKTS:OWRDF) is progressing what could be one of the world’s largest lithium brine properties to be drilled this year.

Located in Baja California, northwest Mexico, the Salar del Diablo project is an expansive salt flat, or salar, with significant exploration potential. OWL owns an undivided 60% property interest, with the right to acquire another 30% for a total of 90%.

The northern portion of Salar del Diablo has been extensively explored, leaving 80% of the over 75,000 hectare property with a huge amount of exploration upside.

Geophysical survey results to date have defined three major conductive zones that could indicate the presence of brine. The zones cover around 54 square kilometers. Other geological conditions on the property that typically point to the presence of brine include hot springs, a volcanic source rock containing lithium, fault structures, a closed basin and a regional volcanic heat source.

CEO Doug Fulcher has over 40 years of experience in mining and exploration. As the CEO of Abacus Mining and Exploration Corp, he spent several years advancing the Ajax deposit that was subsequently sold to mining major KGHM. Founder Tim Brock is currently a strategic advisor to the board of directors.

What the principal geologist says

Principal geologist John Hiner was part of several exploration teams credited with eight discoveries, five of which became mines that are still producing.

In an interview with Proactive, he said that similarities abound between Salar del Diablo and Salar de Atacama, the world’s largest lithium brine deposit which produces 27% of the world’s supply.

“The attributes for Salar de Atacama or some of the other major lithium projects in South America have the same characteristics to what we are looking at in Salar del Diablo. It’s a large basin that’s been in existence for quite some time, and it captures all of the waters that run off the large mountain range in Baja California.

“We know that water is there, and that the basin is closed. We know it’s in an area of high heat flow, and it has all of the elements to support a lithium exploration program.”

The salts in the northern part of the basin contained anomalous lithium, so they followed that up with some geophysical work to define a huge lithium anomaly coincident with potassium and boron, which is expected in a lithium brine project.

A geophysical program identified three main zones and the upcoming drill hole program is designed to test all three zones.

Outlook

One World Lithium completed two pre-drilling programs at the Salar del Diablo and now owns an undivided 60% property working interest.

The third phase of drilling, which began in May 2019, consists of a 4,250 metre program to test all three geophysical zones, the geochemical lithium anomaly, and certain geologic structures that may trap and concentrate brines.

One World will earn an additional 20% working interest on the project, for a total of an 80% property working interest, after Phase 3 drilling is completed. It will also pay Energy Metals Discovery Group, the current vendor, US$150,000 and issue 400,000 common shares to the company.

Once a bankable feasibility report is completed, One World may decide to purchase an additional 10% property working interest based on the project’s stated value, for a total of 90% interest.

The Salar del Diablo Property has never been drilled in the past. It is estimated to be completed in 2Q 2019.

According to One World, future programs may include a gravity survey to establish the basin’s configuration and to confirm the basin's estimated 8,000 foot depth. The company may run electromagnetic surveys to close the open-ended conductive zones, and a second drilling program to evaluate the remaining 80% of the Salar del Diablo.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 03 Jun 2019 14:45:00 -0400 https://ca.proactiveinvestors.com/companies/news/220961/one-world-lithium-sees-huge-potential-at-salar-del-diablo-lithium-brine-project-220961.html
<![CDATA[News - One World Lithium kicks off drilling at Salar del Diablo property in Mexico ]]> https://ca.proactiveinvestors.com/companies/news/220873/one-world-lithium-kicks-off-drilling-at-salar-del-diablo-property-in-mexico-220873.html One World Lithium Inc (CSE:OWLI) (OTCQB:OWRDF) announced Thursday the first hole has been started at its 12 hole-4,250 meter drilling program at the Salar del Diablo Property in Mexico.

The drilling on the property in the State of Baja California Norte, Mexico started Thursday after a few delays, noted the company in a statement.

One World Lithium in late April announced that the drilling program had started, but ran into some unforeseen delays in reaching an agreement on occupancy permits, which provides surface access rights required before drilling can start.

READ: One World Lithium receives drill permit for Salar del Diablo project in Mexico

The necessary occupancy permits have now been signed, the Vancouver, British Columbia-based company said.  

The Salar del Diablo is one of the largest known salars, or salt flats, to be drilled this year. The company’s program will test three geophysical zones covering more than 54 square kilometers, a large geochemical anomaly that covers 150 square kilometers, and geological structures that may trap and concentrate brines.

The Salar del Diablo property has never been drilled in the past and it has been estimated to take between 25 and 50 days to complete.

One World Lithium currently has a 60% property interest in the 75,400 hectare Salar del Diablo project and will earn an additional 20% interest on completion of the drilling program. The company also has the right acquire a further 10% interest for a total of 90% property interest.

In other company news, One World Lithium said it has granted incentive stock options to two consultants to purchase up to 400,000 common shares at a price of $0.19 per share.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Thu, 23 May 2019 09:48:00 -0400 https://ca.proactiveinvestors.com/companies/news/220873/one-world-lithium-kicks-off-drilling-at-salar-del-diablo-property-in-mexico-220873.html
<![CDATA[News - One World Lithium receives drill permit for Salar del Diablo project in Mexico ]]> https://ca.proactiveinvestors.com/companies/news/219403/one-world-lithium-receives-drill-permit-for-salar-del-diablo-project-in-mexico-219403.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) announced Tuesday that it has received a drilling permit allowing it to start a 12-hole, 4,250 meter program at its Salar del Diablo property in in the State of Baja California Norte, Mexico. 

The Salar del Diablo is one of the largest known salars, or salt flats, to be drilled in 2019. 

The program will test three geophysical zones covering more than 54 square kilometers, a large geochemical anomaly that covers 150 square kilometers, and geological structures that may trap and concentrate brines.

READ: One World Lithium closes second financing round for drill program at Mexican lithium project

The exploration company, which is focused on lithium in brine projects, currently has a 60% property interest with an option to acquire a further 30% property interest for a total of a 90% working interest in the 75,400-hectare Salar del Diablo lithium brine project, which is located in the State of California Baja Norte, Mexico.

The company said two zones are open-ended and in addition to this, geological analysis confirms many active faults and linears as well as cross structures throughout the basin. These features suggest that structural conditions may exist to concentrate brines, according to the firm. 

The Salar del Diablo property has never been drilled in the past and is it is estimated to take between 25 and 50 days to complete.

Shares of One World Lithium were up 2.8% at C$0.18. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 30 Apr 2019 11:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/219403/one-world-lithium-receives-drill-permit-for-salar-del-diablo-project-in-mexico-219403.html
<![CDATA[News - One World Lithium closes second financing round for drill program at Mexican lithium project ]]> https://ca.proactiveinvestors.com/companies/news/218444/one-world-lithium-closes-second-financing-round-for-drill-program-at-mexican-lithium-project-218444.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) announced Thursday that it has closed the second round of its non-brokered private placement, raising C$525,000. 

The exploration company, which is focused on lithium in brine projects, said funds raised will be primarily used for financing the Salar del Diablo lithium property drilling program and working capital.

The company said C$1,774,550 has been raised so far under the offering, leaving $225,450 of the offering yet to close.

READ: One World Lithium mobilizes drill rig at Salar del Diablo project in Mexico

The exploration company, which is focused on lithium in brine projects, currently has a a 60% property interest with an option to acquire a further 30% property interest for a total of a 90% working interest in the 75,400-hectare Salar del Diablo lithium brine project, which is located in the State of California Baja Norte, Mexico.

Wednesday, the company announced it was moving a drill rig to the Salar del Diablo Project in Mexico.

Deal details

The company issued 3.5 million units at a price of C$0.15, raising C$525,675. Each unit consists of one common share of the company and one-half of a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of C$0.20 cents for a period of 24 months from the closing of the offering.

All securities are subject to a four-month-and-one-day hold from the closing date.

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 11 Apr 2019 13:08:00 -0400 https://ca.proactiveinvestors.com/companies/news/218444/one-world-lithium-closes-second-financing-round-for-drill-program-at-mexican-lithium-project-218444.html
<![CDATA[News - One World Lithium mobilizes drill rig at Salar del Diablo project in Mexico ]]> https://ca.proactiveinvestors.com/companies/news/218348/one-world-lithium-mobilizes-drill-rig-at-salar-del-diablo-project-in-mexico-218348.html One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) shares soared on Wednesday after the company announced it was moving a drill rig to the Salar del Diablo Project in Mexico. 

Shares of One World Lithium jumped 8% to US$0.13 in New York and 6.3% to C$0.17 in Toronto by Wednesday midday. 

WATCH: One World Lithium prepares to drill at the Salar Del Diablo Project in Mexico

According to the company, Layne de Mexico is moving a truck-mounted reverse circulation drill rig, drill pipe, compressors and other equipment from its Hermosillo yard to the Salar Del Diablo Project, over three days. 

The 12-hole, 4,250 meter drilling program will test three geophysical zones covering more than 54 square kilometers, a large geochemical anomaly that covers 150 square kilometers, and geological structures.

The exploration company, which is focused on lithium in brine projects, currently has a a 60% property interest with an option to acquire a further 30% property interest for a total of a 90% working interest in the 75,400-hectare Salar del Diablo lithium brine project, which is located in the State of California Baja Norte, Mexico.

According to the company, its affiliate filed its drill permit application on March 5, 2019 and may take 20 or more business days for approval. 

The company also announced it has engaged investor relations firm, Kaye Wynn Consulting, which has success in both the Canadian and US stock markets. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 10 Apr 2019 12:03:00 -0400 https://ca.proactiveinvestors.com/companies/news/218348/one-world-lithium-mobilizes-drill-rig-at-salar-del-diablo-project-in-mexico-218348.html
<![CDATA[News - One World Lithium begins trading on OTCQB, complementing primary listing on CSE ]]> https://ca.proactiveinvestors.com/companies/news/216034/one-world-lithium-begins-trading-on-otcqb-complementing-primary-listing-on-cse-216034.html One World Lithium Inc. (CSE:OWLI, OTCQB:OWRDF) said Thursday that its common shares are now trading on the OTCQB Venture Market with the trading symbol OWRDF. The company continues trading its common shares on the Canadian Securities Exchange with the trading symbol OWLI.

The OTCQB Venture Market is owned and operated by the OTC Markets Group in New York, which offers transparent trading for development-stage companies that are current in their financial reporting and regulatory requirements as well as management certification.

“The company traded 16 million common shares on the Canadian Securities Exchange in the last 12 months with the average trade being $0.16,” commented Doug Fulcher, One World Lithium’s chief executive officer.  “I believe that inter listing on the OTCQB Venture market will expand our company’s presence in the U.S. and international investment markets.  This is fortuitous as One World Lithium plans to drill test significant targets on its 75,400 -Salar del Diablo lithium/brine property in the near future.”

As reported on 19 February 2019, the reverse circulation drill program entails 4,000 meters in 12 holes. Ten of the holes are designed to test three extensive geophysical anomalies that are consistent with a large lithium geochemical anomaly. Two holes are planned to test geochemical lithium anomalies that extend beyond the footprint of the geophysical survey area.

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Thu, 07 Mar 2019 11:19:00 -0500 https://ca.proactiveinvestors.com/companies/news/216034/one-world-lithium-begins-trading-on-otcqb-complementing-primary-listing-on-cse-216034.html
<![CDATA[Media files - One World Lithium prepares to drill at the Salar Del Diablo Project in Mexico. ]]> https://ca.proactiveinvestors.com/companies/stocktube/12470/one-world-lithium-prepares-to-drill-at-the-salar-del-diablo-project-in-mexico-12470.html Tue, 05 Mar 2019 15:20:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12470/one-world-lithium-prepares-to-drill-at-the-salar-del-diablo-project-in-mexico-12470.html <![CDATA[News - One World Lithium poised for drill program at Mexico project after signing contract ]]> https://ca.proactiveinvestors.com/companies/news/214820/one-world-lithium-poised-for-drill-program-at-mexico-project-after-signing-contract-214820.html One World Lithium Inc (CSE:OWLI) is poised for a drill program at its Salar del Diablo property in the state of Baja California Norte in Mexico after it signed a contract with Layne de Mexico.

The latter is set to drill 4,200 meters, or 14,000 feet (ft), in 12 reverse circulation (RC) holes with depths varying between 150 (500 feet) and 500 meters (1,650 feet). The drill rig will be available by the end of February this year, the Vancouver-based company said in a statement.

READ: One World Lithium poised to earn more of Mexico lithium property via drilling

The firm currently owns a 60% interest in the Salar del Diablo, and by completing this drill program, it will then own an 80% stake. The work may take up to 40 days to complete.

The company currently has an option to earn and acquire up to a 90% working interest in the 75,400-hectare site.

Layne de Mexico is part of the division of Layne Christensen that specializes in mineral exploration drilling programs globally.

It is planned that the holes will test three geophysical highly conductive zones and two geochemical surface sampling anomalies.

The geophysical zones correlate with the lithium geochemistry anomalies and cover more than 54 square kilometers (sq km). Two of the zones are open-ended as they extend beyond the geophysical survey grid area, the company said.

Meanwhile, the geochemical anomaly is 150 sq km with surface samples assaying up to 196 parts per million (ppm) lithium with an average grade of 84 parts per million (ppm). 

Salar del Diablo is the firm's initial prospect and was acquired by staking claims covering 75,400 hectares (290 square miles).

Contact Giles at giles@proactiveinvestors.com

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Mon, 18 Feb 2019 13:36:00 -0500 https://ca.proactiveinvestors.com/companies/news/214820/one-world-lithium-poised-for-drill-program-at-mexico-project-after-signing-contract-214820.html
<![CDATA[News - One World Lithium poised to earn more of Mexico lithium property via drilling ]]> https://ca.proactiveinvestors.com/companies/news/211171/one-world-lithium-poised-to-earn-more-of-mexico-lithium-property-via-drilling-211171.html One World Lithium Inc (CSE:OWLI) is set for a potential drill program in Mexico to earn more of the Salar Del Diablo property.

The company currently has an option to earn and acquire up to a 90% working interest in the 75,400-hectare site located in Baja California Notre.

It said today it was in the process of reaching an agreement on a provisional bid to complete a 12-hole, 4,200-meter (13,800 foot) drill program with an international company, which has regional operations in Hermosillo, Mexico.

On completing the drilling and testing program, it will earn a further 20% working interest (WI), for a total working interest of 80%, the company said Thursday.

The bid is still subject to a site visit on December 18 and the issue of a drilling permit.

The program is expected to start between mid-January and February next year.

A truck-mounted, reverse-circulation (RC) rig capable of drilling vertical holes to a 500 meter, or 1,600-foot, depth will be used for drilling and testing potential pay zones.

As reported last month, three highly conductive geophysical zones may be intersected by 10 holes and the geochemical anomaly may be intersected by two holes.

Last month, the firm said it had closed a portion of its previously announced placing, raising around $1.24 million, mainly to fund drilling at the project.

The company issued over 8.3 million units at $0.15 each.

Each unit consists of one share and one-half of a purchase warrant.

Each warrant allows the holder to buy one share for $0.20 for 24 months from closing.

Shares in Toronto were unchanged Thursday at $0.195.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter at @Gile74

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Thu, 13 Dec 2018 10:16:00 -0500 https://ca.proactiveinvestors.com/companies/news/211171/one-world-lithium-poised-to-earn-more-of-mexico-lithium-property-via-drilling-211171.html
<![CDATA[News - One World Lithium updates on drill program for Salar del Diablo lithium; raises $1.24M from initial closing of placing ]]> https://ca.proactiveinvestors.com/companies/news/208869/one-world-lithium-updates-on-drill-program-for-salar-del-diablo-lithium-raises-124m-from-initial-closing-of-placing-208869.html One World Lithium Inc (CSE:OWLI) has closed a portion of its previously announced placing, raising around $1.24M, mainly to fund drilling at the Salar del Diablo lithium property in Mexico.

The company issued over 8.3 million units at $0.15 each.

Each unit consists of one share and one-half of a purchase warrant.

Each warrant allows the holder to buy one share for $0.20 for 24 months from closing.

The drilling program -  a 12 hole, 4,050m (meter) RC program -  at Salar del Diablo is estimated to cost $600,000.

The funds will also go towards the maintenance of the site, corporate purposes and working capital, the company said.

The holes in the drill program will test three large geophysical conductive zones that cover more than 54 sq km within a geochemical anomaly that covers 150 sq km.

One World Lithium has now earned an undivided 60% working interest in the project. On completing the January 2019 drilling program, it will earn a further 20% working interest, for a total working interest of 80%.

Also today, One World Lithium said that it had hired John King Burns as an advisor to the company, who is currently serving as an independent director of China Gold Resources (TSX:CGG).

Burns is also CEO and President of NeurSciences LLC.

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Thu, 08 Nov 2018 13:17:00 -0500 https://ca.proactiveinvestors.com/companies/news/208869/one-world-lithium-updates-on-drill-program-for-salar-del-diablo-lithium-raises-124m-from-initial-closing-of-placing-208869.html
<![CDATA[Media files - One World Lithium project Salar del Diablo is fully funded and drilling is ready to begin ]]> https://ca.proactiveinvestors.com/companies/stocktube/11134/one-world-lithium-project-salar-del-diablo-is-fully-funded-and-drilling-is-ready-to-begin-11134.html Thu, 08 Nov 2018 00:54:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11134/one-world-lithium-project-salar-del-diablo-is-fully-funded-and-drilling-is-ready-to-begin-11134.html <![CDATA[News - One World Lithium is sitting on one of the largest closed basins anywhere in the world, and will drill it soon ]]> https://ca.proactiveinvestors.com/companies/news/207284/one-world-lithium-is-sitting-on-one-of-the-largest-closed-basins-anywhere-in-the-world-and-will-drill-it-soon-207284.html It was a few years ago when the genesis of One World Lithium (CSE:OWLI) took place. It was a tricky time for mining, and tough to raise money for anything. Or almost anything.

But lithium was flying, and the directors of what is now One World Lithium began to cast around for a likely project. Experienced exploration geologist John Hiner thought he might have just the thing.

Back when he was doing his masters degree Hiner undertook fieldwork mapping for the Mexican government in Baja California.

And ever since he carried round with him knowledge of a geological structure that had all the right conditions to potentially contain lithium in a brine, one that might just fit the One World Lithium bill.

One of the founders of One World Lithium, consultant Tim Brock, takes up the story.

“The Salar del Diablo property is one of the most amazing closed basins I’ve ever seen,” he says.

“The largest geochemical anomaly that we’re aware of covers 100 square kilometres, while the geophysical targets are extraordinary: they cover 54 kilometers and are open in both directions.”

And it’s not just the lateral extent. 

“The thickest geophysical pay zones are between 300 and 600 feet thick,” says Brock. “But a lot of typical lithium brine projects in Argentina and the Clayton Valley typically run at around 30 feet. Our salar is 8,000 feet deep and may contain several stacked pay zones.”

One World Lithium staked the property, and is now getting down to serious work proving it up.

So far every single one of the 83 samples taken over 80 kilometers of the property has returned lithium. That’s highly unusual in brine exploration, and a clear indication that One World lithium could be sitting on something very big indeed.

The next big test will be the drilling campaign that’s planned to start in the next few months.  

“This will be the largest brine property to be drilled in 2018,” says Brock.

“The plan is to drill 4,000 metres from 11 sites.”

The results could be game changing.

“If we intersect our payzones and if any of the concentrations run greater than 300 parts per million (ppm), then in a general sense the project may be potentially commercial. And if we get three or four holes of that nature it may also be seen as a discovery.”

If One World Lithium does hit and get the concentrations it wants, then follow-up is likely to be pretty swift.

There’ll be more drilling, says Brock.

The company is supported by some high net worth investors with  deep pockets, and is just putting the finishing touches on a C$2mln raise. That will take it through the current campaign and the thinking is that if the results are good, the share value will increase and further financing will be forthcoming.

“If it works the rewards should be a ten-bagger-plus,” says Brock.

 

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Thu, 18 Oct 2018 11:31:00 -0400 https://ca.proactiveinvestors.com/companies/news/207284/one-world-lithium-is-sitting-on-one-of-the-largest-closed-basins-anywhere-in-the-world-and-will-drill-it-soon-207284.html
<![CDATA[Media files - One World Lithium about to start drilling program at Salar Del Diablo project ]]> https://ca.proactiveinvestors.com/companies/stocktube/10900/one-world-lithium-about-to-start-drilling-program-at-salar-del-diablo-project-10900.html Wed, 17 Oct 2018 22:49:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/10900/one-world-lithium-about-to-start-drilling-program-at-salar-del-diablo-project-10900.html <![CDATA[News - With drilling on the horizon, One World Lithium ups communications game ]]> https://ca.proactiveinvestors.com/companies/news/204863/with-drilling-on-the-horizon-one-world-lithium-ups-communications-game-204863.html With drilling fresh on the horizon, One World Lithium Inc (CSE:OWLI) announced Wednesday that it has upped its communications plans and has engaged Bizzo Management Group Inc and Proactive Investors to help bolster the company's online presence.

The company, which has recently filed to obtain an OTCQB listing in the United States, is an exploration company, is focused on exploring and developing lithium projects. One World Lithium has an option to acquire up to a 90% working interest in the 754 sq/km Salar del Diablo property located in Baja California Notre, Mexico.

The Salar del Diablo Lithium Project is located in the State of Baja California Norte, Mexico, approximately 85 miles south of the U.S. border. The property covers 75,400 hectares or 290 square miles within a closed basin.

Drilling is expected to commence at the end of October.

Boosting the company's online presence

"The combination of Proactive and Bizzo will dramatically increase the company's exposure to world markets, and with a drilling program scheduled for November of this year, now is the time to significantly expand and prioritize our communications strategy with experienced professionals," said Doug Fulcher, One World Lithium's president and chief executive officer. 

Bizzo Management Group is going to redesign One World Lithium's website and is a social media agent of change, with several hundred thousand followers on Twitter, LinkedIn and Facebook. Bizzo Management Group's clients include Microsoft, 3M, IBM, US Cobalt and PayPal.

Proactive Investors operates financial websites, providing breaking news and commentary focused on the microcap sector of the stock market. Proactive Investors will report on the company's news and reach a global audience using editorial and video platforms.

Shares of One World Lithium were C$0.14 in Toronto on Thursday. 

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Thu, 13 Sep 2018 11:53:00 -0400 https://ca.proactiveinvestors.com/companies/news/204863/with-drilling-on-the-horizon-one-world-lithium-ups-communications-game-204863.html
<![CDATA[News - Explosive demand for energy storage stokes future for One World Lithium ]]> https://ca.proactiveinvestors.com/companies/news/203820/explosive-demand-for-energy-storage-stokes-future-for-one-world-lithium-203820.html Energy storage sounds very much like a prosaic industry, but it is poised for a boom.  One World Lithium (CSE:OWLI) hopes to be part of the explosive growth.

Tim Brock, a consultant to One World Lithium, or OWL, believes that a junior company with an eye on eventual production must strive to be a low-cost producer with a long-term supply contract.  “One World Lithium has the potential to do this,” he said.

OWL has reason to be excited, given the particulars of its Salar del Diablo property in the State of California Baja Norte, Mexico.  The project covers a large closed basin that provides a compelling exploration setting for the presence of lithium in brines.  The Salar del Diablo project has the potential to be a low-cost producer, one reason being that it sits about 35km from San Felipe, a cost-efficient regional service center with a deep-water port that could ship lithium carbonate to customers in Asia and the rest of the world, Brock explained.

One World Lithium has an option to acquire up to a 90% interest from the New Energy Discovery Group.  The company currently has a 60% working interest and on completion of the initial drilling program will have earned an additional 20% working interest with an option to purchase an additional 10% on receipt of a bankable feasibility study.

OWL expects to have an OTCQB listing in September as well as to be interlisted on the Frankfurt Exchange.

Lithium has multiple industrial applications, including lithium-ion batteries, heat-resistant glass and ceramics, lithium grease lubricants, plus as an additive for iron, steel and aluminum.  All told, this creates demand greater than current world supply.

Demand for lithium-ion batteries for electric cars, storage, and mobile devices by manufacturers in Asia, Europe and North America, has mixed with supply trends to drive lithium prices significantly higher.

The price of lithium is up 870% since 2005, and 177% in the last year alone.

In addition, countries are beginning to set dates after which all vehicles sold must be non-internal combustion.

Brock believes several trends will influence the energy storage industry through 2025.

Demand for lithium carbonate will more than double to 600,000 tonnes by 2025 from 270,000 tonnes in 2018.  Meanwhile, supply should rise to between 500,000 and 700,000 tonnes in 2025, compared with about 200,000 tonnes at present.

Lithium supplies currently dominated by Albemarle Corp., SQM and FMC Corp. “may be challenged as more independent production of lithium comes on line,” Brock notes.

All of this is keeping the energy storage industry on the boil.

The Salar Property is slated for drill-testing in late October 2018.  Plans call for 4,000m of drilling at 11 drill site locations to intersect possible lithium bearing aquifers. The pre-drilling results from geochemical, geophysical and geological work defined over 60 sq. km of potential lithium in brine aquifers (formations). The Salar is approximately 8,000 feet deep, which gives the potential for stacking of more than one aquifer going to depth.

There are five geological conditions that must be present in order to successfully explore for a lithium-in-brine deposit.  These are a closed basin, meaning that no fluids can escape; presence of hot springs; a volcanic source of lithium; faults to transport the lithium to the Salar; and a regional heat source.  The Salar del Diablo meets all of these necessary conditions.  As a comparison, these conditions are also present at the Salar de Atacama, which is a similar size to the Salar del Diablo.

OWL has been in discussions with potential buyers as well as offers to joint venture future exploration but elected to drill the property on its own.

The market is watching in anticipation as the Salar del Diablo project is one of the largest lithium-in-brine prospects to be drilled in 2018.

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Wed, 29 Aug 2018 11:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/203820/explosive-demand-for-energy-storage-stokes-future-for-one-world-lithium-203820.html