Ion Energy completes financing as company looks to complete resource estimate at Urgakh Naran
July 20, 2023 at 11:37 pm IST
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Ion Energy CEO Ali Haji joined Steve Darling from Proactive to announce the completion of a million-dollar financing round. The funds will enable the company to carry out important work on its Mongolian projects.
Haji explained to Proactive that this capital infusion will allow Ion Energy to complete the first-ever maiden resource estimate for brine in Mongolia, specifically at the Urgakh Naran site. The company is excited about this milestone as it aligns with the growing interest in critical metals in Mongolia from both governments and strategic investors. Ion Energy's vision is being realized as they progress in their exploration efforts.
Furthermore, this financing also sets the stage for the commencement of exploration activities at the newly acquired Bliss Lake Lithium Project in the Northwest Territories. Through satellite imaging, numerous pegmatite occurrences have been identified on Bliss Lake, with the largest interpreted to have a strike length exceeding 300 meters.
Ion Energy is actively working towards unlocking the potential of its projects, leveraging its expertise and resources in the pursuit of valuable lithium and critical metals. With the completion of the financing, the company is well-positioned to advance its exploration and resource estimation efforts, contributing to the growth of the company and the development of Mongolia's critical metals sector.
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Proactive Investors Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Lithium ION Energy Ltd., formerly ION Energy Limited, is a Canada-based company, which is engaged in exploring and developing lithium resources in strategic jurisdictions. The Companyâs flagship, approximately 81,000 plus hectare Baavhai Uul lithium brine project is a lithium brine exploration project. It also holds the 29,000 plus hectare Urgakh Naran highly prospective lithium brine license in Dorngovi Province in Mongolia. Urgakh Naran Lithium Brine Project is located 150 kilometers (km) WNW of the Companyâs flagship Baavhai Uul Lithium Project. The Company also holds two new claims by staking in Northwest Territories (NWT), Canada, identified as the Little Nahanni claims (Little Nahanni). The Little Nahanni claims approximately 900 hectares. The Company also holds Bliss Lake Lithium Pegmatite Project in NWT, Canada (Bliss Lake).