TNR Gold Corp. Updates Meeting Date for Approval of Spin-Out of International Lithium Corp. and Record Date TNR.v, CZX.v, NG.to, WLC.v, CLQ.v, RM.v, F

"TNR Gold Corp. Updates Meeting Date for Approval of Spin-Out of International Lithium Corp. and Record Date

Press Release Source: TNR Gold Corp. On Wednesday May 26, 2010, 8:27 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce that further to its news release on April 12, 2010, we have changed our meeting date to June 22, 2010 for shareholder approval of the previously announced (April 27, 2009) spin-out of TNR's lithium and rare metal assets into its wholly-owned subsidiary, International Lithium Corp. ("ILC") under a court approved plan of arrangement. TNR shareholders of record on the date of the spin-out, planned for July 2010, will receive one share and one fully tradeable warrant of International Lithium Corp. for every 4 shares of TNR held.
The spin-out is subject to the approval of the TSX Venture Exchange, the B.C. Supreme Court and shareholders of TNR. TNR shareholders were mailed an information circular today describing the key terms of the proposed spin-out with a planned completion within 60 days of the meeting date. The documents, including the signed Arrangement Agreement, were filed on SEDAR on May 25, 2010. We encourage all interested parties to review the Arrangement Agreement and Information Circular in their entirety on our website or SEDAR. A link for this information is as follows:

http://www.tnrgoldcorp.com/i/pdf/TNR-InfoCirc-May2010.pdf

ABOUT INTERNATIONAL LITHIUM CORP. / TNR GOLD CORP.
International Lithium Corp., currently a wholly-owed subsidiary of TNR, is a mineral exploration company diversified geographically and by resource type. With projects spanning the globe from Argentina, USA, Canada, and Ireland, ILC will offer investors the potential upside of rapid advancement of ILC's lithium brine projects and recognized valuation of ILC's rare metals pegmatite projects.
TNR is a diversified metals exploration company focused on identifying and exploring its existing properties and identifying new prospective projects globally. TNR has a total portfolio of 18 projects, of which 9 will be included in the proposed spin-off of International Lithium Corp.
The recent acquisition of lithium and other rare metals projects in Argentina, Canada, USA and Ireland confirms TNR and ILC's commitments to generating projects, diversifying their markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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 release."

International Lithium Corp. Spin off: management information circular posted TNR.v, CZX.v, RM.v, LMR.v, WLC.v, LI.v, CLQ.v, AVL.to, RES.v, QUC.v,

TNR Gold has posted on May 25th, 2010 Management Information Circular with International Lithium Corp. plan of arrangement:

http://sedar.com/

Electric Cars' adoption rate: Washing Machines or Mobiles with iPods Squared? TNR.v, CZX.v, RM.v, LMR.v, WLC.v, CLQ.v, SQM, FMC, ROC, F, BYDDY, NSANY,

CS. The time has come for Electric Cars: we are sure about it, but how fast will they be adopted, will we be able to capitalise on Green Mobility Revolution - these questions are still open. Recent research paper from Deloitte "Gaining traction. A customer view of electric vehicle mass adoption in the U.S. automotive market" has sparked a lot of discussions. We will join it with a few pictures and charts, not as good as one from Nicholas Felton below, but always providing food for thoughts. Please do not hesitate to click on charts to enlarge the images.

The main open question is: will Electric Cars' adoption rate be correlated with Washing Machines' one or will it enjoy more explosive growth like Mobiles with rate of acceleration like iPods on the chart below? First, we will strike brutally and cynically (the way the Wall Street works): how can you compare washing machines and Cars? Even Electric ones? Cars are all about men, their personal social security space with a statement. How many of us discussed washing machines even the best ones? Brutal history about washing machines is that it was for the "best part" - to make her life better, it was not about status and not about statement - so it took 80 years to get to the 80% adoption rate. On a more serious note time has changed: it will not be about him all the time this time and it is not about U.S. only this time, but first back to iPod Moment.

"Ideal market situation for the new disruptive technology to create a life time investing opportunity is when Demand for product or service is already there and you are able to deliver it in a new way, which will be more appealing to Existing consumers of this product or service. You have a dramatic shift in consumer preference and are gaining a market share in a tidal wave fashion by shifting consumers from existing providers to the new product or service place. You do not have to teach the market and prove that they need this product - you just need to prove that the new technology you are putting in place is viable to deliver the Better Experience.
We have always loved our music. Sony made a Revolution in the way we consume the music with its Walkman - we were able to take our music with us as we go. CDs made the quality of music more appealing and record companies sold us our music one more time.
Steeve Jobs made another Revolution by providing the means to consume what we exactly want with iTunes and means to Store and Retrieve All Our Music as we go in iPod. He sold us our own music one more time and we were happy to buy it. He has brought us a new Experience of how we consume the same music: it is convenient, easy, Searchable, high quality and with us - all of it. We have moved in droves to the new source of Joy."

"With Electric Cars all market estimations that we saw so far (apart from quote from Warren Buffett) looks like a drop in the bucket at a time. Will it be 2%, 5% or 10% claimed by Nissan in 2020? It is not a Revolution - it is like a tea party. We dare to differ and think that Electric Cars will provide to us a new Experience how we consume Mobility: energy efficient, environment friendly and cheaper with all cost accounted. And yes - they will sell us our cars one more time, this time in Electric version.
Is it bad - not at all if you will be investing in Electric Cars value chain. Even if not, we will all gain from it more than from iPods - after all we have never heard about somebody being killed by CD, but those, who still do not believe that cars pollute and kill our environment including us, can try to breath from exhaust pipe for a while to be sure.
We expect consumers to shift on a mass scale from CVs to EVs with prove that technology is viable and can provide the same utility with a Better Experience. Emotional Drive will be the driving force of this switch of consumer preferences."


Do not rush to buy every stock we are writing here about: we are biased. Our value in this very important education process is our own experience which we are ready to share. Who knew about Google short ten years ago? Chart above shows another Next Big Thing from the very recent past: Growth of Internet Advertising revenue. We did not understand the magnitude of change in the market space which Google has provided. We was not able to see the new and coming on the rubbles of previous market collapse in NASDAQ and assumed that Hype goes automatically with every Internet player claiming to take the world. Google did it. Company's valuation has collapsed in the end to our projected price of USD250 during the market crash of 2008, but the growth of the sector and Google's domination was astonishing. That is why we are so biased and you should never take anything as an investment advise on this Blog: we are in a constant search for the Next Big Thing and new Bull which will be built on the rubbles of this Economic Collapse. We have found Gold and Silver Bull before and now it is time for new exiting journey.



As you can see above, explosive growth in some sectors can happen even when economy is slowly growing as a whole. Authors of the Deloitte study very carefully took into consideration a lot of different aspects for adoption of the new technology like Electric Cars. Have they missed something? Maybe not when we are talking about U.S. in a "normal situation", but we are living in a "New Normal" according to PIMCO. Charts above and below bring us some more dimensions for thoughts. It is growth of Oil consumption in China from 1965 and below is Rate of this Growth compare to other countries. We will bring a new factor into the growth valuation for EVs - what if there is no more Cheap Oil left and how it feels to be grounded? We will address you to the Life After Oil and other thoughts on the Peak Oil.




Two charts below show the dynamic of China's expansion into auto space reflecting the explosive Oil Consumption Rate of Growth above.


This is why it will be not about only U.S. this time, but every move in China will affect U.S.

Chart below with vehicles per capita is very sobering: China and India have not even started Mobility Revolution by Western world standards.

Two most important points from here: Oil Consumption will go up dramatically with declining production, without major State level shift in technology China and India will not be able to bring mobility to its population without suffocating its own people and along the way they will drive prices for Oil above USD150 again.

Remember these faces above and these new brands coming from Asia. BYD has attracted Warren Buffet and has produced China's wealthiest man already. More to come.

"America needs to catch up with the rest of the world in Electric Space. U.S. is years away from recent advance in lithium batteries and electric cars compare to Japan and China. Nissan spent 5.5 billion dollars and 16 years developing electric cars based on lithium ion technology. Competition is heating on and it is very positive to see DOE supporting at least production of Electric Cars in U.S. developed in another countries. Green Leaf growing in the Homeland is better than nothing even if it is from a foreign tree.
Our main take from U.S. Energy Secretary Steven Chu Video :
"Price of Lithium batteries is in access of 1000 USD/kWh at the moment, with mass production it will drop to 300-400 USD/kWh ( S. GM is aiming now for 450 USD/kWH in a near term) and with recent technological advance we can talk about 100 USD/kWh as possibility."
As we have wrote before, lithium battery price of USD 25o per kWh will make production of Electric Cars cheaper than a comparable CV - you do not need automatic transmission as part of your power drive.
This is why we are calling it Green Mobility Revolution. Make a step back and look at the big picture. With electricity being the most convenient form of energy known to us, stable pricing and ready availability from existing source infrastructure - we have a transformation technology in place: you can store energy on board of your vehicle Produced Somewhere Else. It means that that energy could be produced thousand miles away using mass scale and most economical production method including Nuclear power, Hydro power generation, Geothermal, Wind, Solar and other renewable sources of energy available today.
Our conventional vehicles did not move far away from steam powered trains. They still carry fuel and power plant on board with very inefficient conversion cycle technology from fuel to mechanical power. Power source is restricted to mobility application and it is very expensive, it can not use economy of scale or different sources including renewables (think about tidal wave generator on board) and you are caring exhaust pipe with you everywhere you drive.
It is time to start thinking about Electric Cars as means to transform our Energy Diet nation wide - you do not need to have power generation plant on board (which will be always expensive and inefficient compare to Industrial Scale version even of the same technology) - you need just most effective storage system and power delivery system: Lithium ion batteries and Electric Powertrain.
This is where you can start thinking with us: that all current estimations about Electric Cars adoption rate could be blown away once technology will be proven to be viable in a mass sale applications."

This stuff above in the bag will be at the heart of this Green Mobility Revolution. It is Lithium and auto industry has adopted the standard battery chemistry based on Lithium for EVs. There is enough Lithium in the world to let Electric Cars go for another one hundred years and it could become the Next Big Thing if our projection on Electric Cars explosive growth will be proven actually taking place within next years. Chart below is Byron Capital Lithium Index with the most leveraged Lithium exploration and development plays to the Electric Cars adoption rate and EV market development as a whole.

EV World:

"The Wringer Washer Vs. The Electric Car

By Bill Moore
When Deloitte Consulting came out with their study, Gaining Traction: A Customer View of Electric Vehicle Mass Adoption in the U.S. Automotive Market earlier this month, the media made much of the fact that electric cars were likely, in Deloitte's view, at least, to be adopted by consumers at about the same rate as washing machines through the Twentieth Century, taking some 80 years to reach just over 80% of households [See the chart they used above]. Do a Google search for "Deloitte study electric cars" to see all the various media reports emphasizing the slow growth of the market for electric cars. For example, "Major Study Predicts Electric Car Adoption Will be Low," reads the headline on GM-Volt.com, pretty much mirroring the view of the likes of Reuters, Economic Times, Fast Company, Wired, etc. Even here on EV World, we dutifully posted links to these reports, as well.
But then I got to thinking about Nicholas Felton's chart, especially the plots for washing machines, stoves, clothes dryers and refrigerators, and it suddenly occurred to me what I was seeing. Can you spot it? Let me help you. Take a look at the graph below tracking the rise of women in the workplace.
Notice any similarity? The rate of adoption of labor saving appliances for the wife would appear to track fairly closely with their entering the workplace. The more hours they worked away from home, the less time they had to engage in the very tedious and time consuming job of washing and drying clothes. Which also raises a second issue of why it took so long for the clothes washer to reach the 80 percent level: lack of innovation.
If you look at photographs and advertisements of washing machines from the 1930's, they are little changed from machines first advertised in 1908. The only real difference was the introduction of the electric motor to run the pump, turn the agitator, and cycle the wringer or mangle, as it was also called. In fact, it would take half a century to see the wringer disappear off the washing machine, replaced by a mechanically-timed spin dry cycle, as manufacturers finally figured out that women didn't want to spend all day squeezing their wet laundry between rubber rollers... twice: once to remove the dirty soap water, and a second time to remove the rinse water.
Not only was the pace of innovation painfully slow when it came to women's labor saving devices, but middle American appliance manufacturers hadn't yet caught on to the idea of planned obsolescence introduced into the auto industry in the 1950s. There are households across America that are still using 1950-era wringer washers 60 years later, some in the name of the new "green frugality" movement. You can even buy working replicas for $899. Those Maytags, Amanas, Hotpoints and Speed Queens were built to last and last, unlike computers, cellphones and television sets, where the pace of technological innovation and fickle fashion makes such devices obsolete in 18 months or less, fostering continual churn in the market and even more innovation.
But back to the central question of the rate at which electric cars will be adopted by society, the rate of consumer acceptance chart above also seems to suggest that the pace of adoption is also driven by gender. As a general rule, men have not, historically, at least, done the laundry or cooked the meals. We -- and I include myself in this -- do tend to take a far keener interest in technology, be it automotive or electronics. Look at the pace of purchases of radios, reaching 50% of the market in less than 10 years. It took just about the same period of time for color television to reach the same 50% of households. It took even less for the Internet.
I contend that an electric car is far closer to a piece of electronics than a kitchen appliance; and, as such, it will appeal to men far more than to women, initially. If I look at the percentage of men reading EV World versus women, it is something around 75 % male versus 25% female; and in our early days it was more like 90-10, which was a function of who was using the Internet back in the late 1990s. Still, this suggests that it will be men who will be shopping for that first electric car; and that means that the decision making process won't be driven by logic, but by emotion.
Much as we'd like to view ourselves as logical, hard-nosed, count-the-cost creatures, men aren't really Vulcans; and neither are women, for that matter. There's a ying-yang quality in our reasoning powers that is strongly influenced by emotions that include aesthetics (styling and creature comforts) and the perception of risk (vehicle performance). The classic example is the Harley Davidson motorcycle and the "logic" that goes into buying what is probably a far cry from a necessity for most owners. It's a grown boy's toy, plain and simple, and one that is used few times year. Of the more than 6.5 million motorcycles registered in America, less than 10% are driven seasonally, and just over 4% are used on a daily basis as a primary form of transportation. The rest sit for that occasional weekend romp, usually by aging baby boomers (1) with discretionary income to spend.
Take a look at this next chart. It accompanied the original Nicholas Felton chart from the New York Times that Deloitte uses in their study. It depicts American household spending by category and income level. After housing, transportation is the highest consumption item on the graph for all three income groups.
"Where does the plug-in and battery-powered car fit into this picture?" I asked myself. "Is the electric car more washing machine or computer?" Here is my hastily jotted list bullet points. The electric car is:
Novel and new
Has perceived economic value with lower daily operating costs than its gasoline competition
Like buying a Harley Davidson motorcycle, it's appeal goes beyond the pure, cold logic of "when will it pay-for-itself" ROI (return-on-investment).
Offers 'beyond petroleum' guilt-free performance and fun
With these four alone, I could easily make the case to the Mrs. -- who is likely to be much more logical and pragmatic about this decision than I would be -- that we really do need that Nissan Leaf or Chevy Volt or CODA or Think or... take your pick.
Of course, there are also the imponderables: range, charging time, battery life, cold weather performance, but each of these can be "reasoned/rationalized" to my satisfaction. I don't drive more than 30 miles a day. My car sits in the garage 23 hours a day. Prius NiMH batteries are going strong at 100,000 miles, so why not lithium? I can pre-warm the batteries overnight or drive my back-up gas-banger on really cold days.
Even cost is becoming less of an issue with the introduction of the Nissan Leaf at US$32,850 prior to federal and state incentives.
Yes, being guy who is as subject to our own form of "irrationality" when it comes to "big boy toy" purchases, as our female counterparts are to theirs, I can come up with as many arguments in favor of buying that grid-connected electric car (GEV), as those against. How about you, brother?
Taking this perspective into consideration, it is my view that the electric-drive vehicle -- in all its guises -- isn't going to take half a century to reach 80% of the market. Depending on the rate of impact of a whole series of social, economic, political, technological, military and environmental drivers, it could come a lot more quickly than we might assume. That, by the way, also happens to be the perspective of the International Energy Agency, as depicted in the final graph below.
So, washing machine or cellphone? Which do you think it'll be?
This isn't my first look at the parallels between washing machines and electric cars. Check out Of Front-loading Washing Machines and the Aptera 2e.
(1) According to a new study by the University of Michigan Transportation Research Institute (UMTRI), the number of motorcyclists 45 and older killed in crashes nearly quadrupled from 2001 to 2005 (the last year for which data is available). Crashes among this age group increased more than 60 percent during that time, compared with a 6 percent drop in the number of crashes for younger motorcycle riders."

Please visit the original article at the headline link for more graphics.

Toyota and Tesla: games around Lithium: Why the Japanese automaker is looking for an electric boost. TNR.v, CZX.v, RM.v, LMR.v, WLC.v, CLQ.v, SQM, FMC

"It is a very significant development not only for Tesla, but for Toyota and EV mass market evolution. Tesla has gained more credibility with this move and it is all about Tesla S model mass production. Roadster was making headlines, but not sales numbers. Tesla S promised to be a 5 seater with more than 200 miles range and price tag of 50000USD. It will not be able to compete with Nissan Leaf at USD25000 after federal tax rebate, but it is the move into right direction. Now apart from Mercedes, Tesla can count on Toyota's expertise in safety, mass production and cost control. Toyota way into EV space is not straight forward, it is the case when actions are more significant than words and sometimes words could be misleading. Toyota announced last September that after years of research they do not see Lithium batteries as a commercial choice for Hybrids at the moment. Lithium juniors crashed with the news hitting the wires. After that surprisingly Toyota place on display a few advanced models of Hybrids and plug-ins with lithium batteries an Frankfurt Motor show 2009. Toyota engineers at the show were talking about clear advantage for use of Lithium batteries. Later 2009 Toyota trading house took a stake in upcoming Lithium developer Orocobre Resources with lithium brine salar in Argentina. Now they have quickly moved into Tesla buying the time and expertise on lithium battery side and controlling systems. It has happen just weeks after the usual bashing of EVs and that Hybrids are the only way in the future."

Now we have another EV in the picture - it is Toyota's concept Plug-In EV with lithium battery. Lithium based battery chemistry is an industry adopted standard now in EV space and Nissan Leaf is the price leader with its price as low as 20000USD after federal and state rebates in some markets. Nissan spent more than 16 years and 5 billion dollars developing with NEC lithium batteries and Electric Cars - Toyota was concentrating on soft hybrids with small batteries and has lost advantage of first mover into the hybrid space. Tesla could bring the battle back close to the US market - where place will be for Tesla S and Toyota EV following the market leaders (as we think) Nissan Leaf and GM Volt.

Forbes:

Inside Toyota's Tesla Play

Joann Muller, 05.21.10, 06:32 PM EDT
Why the Japanese automaker is looking for an electric boost.

It's tough to say which company will benefit most from the new partnership between Japanese automotive giant Toyota Motor and American electric car upstart Tesla Motors.
In a surprise announcement the companies said they will cooperate on the development and production of electric vehicles and components, and that Toyota will buy a $50 million stake in Tesla when it goes public in the near future. Tesla also said it had purchased Toyota's former NUMMI factory near Silicon Valley.
The partnership undoubtedly boosts the credibility of Palo Alto, Calif.-based Tesla. Despite lots of hype about its battery-powered sports cars, many people have doubted whether Tesla has the capital or know-how to become anything more than a niche manufacturer. "Toyota must have conducted substantial due diligence before making this investment," said John O'Dell, senior editor of GreenCarAdvisor.com.
Toyota, meanwhile, gets to tap into Tesla's "coolness" factor--a quality sorely missing from the maker of stodgy Camrys and Corollas--and recapture some of its entrepreneurial legacy. "Toyota would like to learn from the challenging spirit, quick decision-making, and flexibility that Tesla has," said President Akio Toyoda, who has said one reason for Toyota's current quality woes is that the company has grown too big and sluggish. "By partnering with Tesla, my hope is that all Toyota employees will recall that 'venture business spirit,' and take on the challenges of the future."
Odd as it might seem for the world's leading manufacturer of hybrid vehicles, Toyota also has some catching up to do when it comes to fully electric cars. Both Nissan and General Motors plan to introduce plug-in EVs in the U.S. before the end of this year. Toyota, meanwhile, intends to offer a short-range, electric commuter car and a plug-in Prius hybrid in the U.S. in 2012. By teaming up with Tesla, whose current roadster can go 245 miles on a single charge, Toyota said it will have more options. Like other large automakers, Toyota is required in places like California to offer some vehicles that emit little or no tailpipe pollution.
Perhaps even more important, however, is how the Tesla deal helps Toyota politically.

First, it softens the public relations blow Toyota suffered in California when it closed the NUMMI factory last month. The plant used to be a joint venture between Toyota and General Motors, but Toyota got stuck with it after GM filed for bankruptcy and a judge terminated their contract. Toyota said it could no longer afford to operate the factory alone.
"Toyota obviously made a wise political move there," said Sean McAlinden, chief economist for the Center for Automotive Research.
United Auto Workers President Ronald Gettelfinger applauded the decision to revive NUMMI, which once employed nearly 5,000 people. "Our union's hope is that this venture will give first hiring preference to former NUMMI employees who are already trained and highly skilled," said Gettelfinger.

Of course, a few thousand electric cars won't make up for the 400,000 Toyotas and Pontiacs that used to come out of that factory annually under the GM-Toyota joint venture, but it's a start. "The new Tesla factory will give us plenty of room to grow," said Chief Executive Elon Musk, without indicating whether UAW workers would get first dibs on newly created jobs.
Musk said Tesla will ramp up to about 1,000 jobs when it starts production in 2012.
Toyota's deal with Tesla ought to play well in Washington, too, where the carmaker is under siege for its handling of sudden acceleration complaints.
U.S. policy makers have been pushing electric-car technology as a way to reduce the nation's oil use and its dependence on foreign energy sources. By giving a hand up to an American maker of EVs, Toyota is furthering that objective."

China goes Electric: BYD electric car to be sold in US for $40,000 TNR.v, CZX.v, RM.v, LMR.v, WLC.v, CLQ.v, SQM, FMC, ROC, HEV, AONE, VLNC, F, BYDDY,

BYD claim a very impressive range on one charge with 300 km. "Super-iron battery is a Lithium Fe one. Nissan Leaf with price around 25000USD after federal tax rebate seems to be the leader on the pricing side. Its range will be around 160 km.

Competition for Oil is heating up and aggressive move by China into Electric Cars leaves no other options for US than to follow. In order to keep power China needs gradually improve standard of living, it will bring upside pressure on labor cost. Electrification will not only provide Energy Security to China, but will significantly reduce the cost of its transportation element and provide another opportunity to stay among low cost producers. Situation is completely different to U.S. - they have capital to invest in Electric Mobility CAPEX now and rip the rewards of lower cash cost on transportation side later.

People's Daily Online:

BYD electric car to be sold in US for $40,000

Chinese automaker BYD Auto officially delivered 30 pure electric E6 vehicles to the Shenzhen-based Pengcheng Electric Taxi Company on May 17, 2010. As the world’s first pure electric taxis, BYD E6 taxis have attracted wide attention and support from the public. BYD will start selling the E6 in the United States in 2010 for around 40,000 U.S. dollars.
A BYD E6 electric taxiXia Zhibing, general manager of BYD Auto, said preparations for the BYD E6's entry into the U.S. market are well under way. One of the tasks of the recently-established BYD North American sales headquarters is to sell the alternative-energy vehicles. Du Guozhong, BYD’s public relations manager, said that BYD E6 has passed all necessary tests including battery safety tests in the United States, and will go on sale in U.S. markets in 2010 for around 40,000 U.S. dollars.BYD E6 is a high-performance SUV-MPV crossover vehicle independently developed by BYD. The car is 4,560 millimeters long, 1,822 millimeters wide and 1,630 millimeters in height, with a wheelbase of 2,830 millimeters. There are only five seats in the spacious car body to ensure passengers plenty of room to sit comfortably. BYD E6 can run up to 300 kilometers on one charge, taking the lead among electric vehicles. Meanwhile, it is the pioneer of eco-friendly vehicles using a rechargeable super-iron battery and a starter battery. The super-iron battery will not cause any harm to the environment and all its chemical substances can be decomposed and absorbed harmlessly in nature, solving environmental problems including secondary resource recovery. Therefore, it is an eco-friendly battery. The super-iron battery can be charged in slow-mode with a 220V power adapter and a 3C adapter in fast charge, filled to 80 percent within 15 minutes. In terms of energy efficiency, BYD E6 consumes around 20 kWh of electricity per 100 kilometers, making it only one-third to one-fourth the cost of fuel-powered cars. In security, the super-iron batteries installed in the E6 have been proven to have excellent safety and will not cause an explosion in high temperatures, high pressure and accidents. Using penetrable side rails, it has good anti-collision performance. In terms of performance, it has a start-up time of less than 10 seconds and its maximum speed is 140 kilometers per hour.Its entry into the U.S. market in 2010 will be a historic moment for BYD Auto. The selling price is expected to decrease once the production and sales volume increases. By People's Daily Online"

Lithium: First All-Electric Truck for Obama TNR.v, CZX.v, RM.v, LMR.v, WLC.v, CLQ.v, SQM, FMC, ROC, HEV, VLNC, F, SNE, AONE, GM, NSANY, BYDDY, RNO,

"Recent Oil Spill shows the real price for Oil and leaves no doubt for us that there will be no more cheap oil: offshore drilling is costly now, it will be even more costly later. Relatively cheap Oil is in the hands of state owned companies in not so friendly to U.S. places. Oil squeeze will come from diminishing production rates and rising Inflation. The move will be even more explosive than in the Gold market - in the end only minority of people is effected by the gold price even now, Oil is the underlining of all Western Energy Diet. It is not sustainable. Emerging markets are taking more and more share of world wide production, oil producing countries are spending more at home. If you account all cost to produce, deliver and protect Oil supply to U.S. corp the price is already above 150 USD/barrel.
"Peak Oil and Lithium: Joint Operating Environment 2010
Please pay attention, this report is written by those who knows the Real Price of Oil. If you account all military needed to protect Oil supply lines and cost of wars to get more oil, price will be well above 150 USD/barrel already. Now we all have another problem: there is simply no more oil enough for all. Will future wars for oil be the only answer?"
Another "liberation" operation like Iraq, this time against Iran will break the camel's back with no return point. Competition for Oil is heating up and aggressive move by China into Electric Cars leaves no other options for US than to follow. In order to keep power China needs gradually improve standard of living, it will bring upside pressure on labor cost. Electrification will not only provide Energy Security to China, but will significantly reduce the cost of its transportation element and provide another opportunity to stay among low cost producers. Situation is completely different to U.S. - they have capital to invest in Electric Mobility CAPEX now and rip the rewards of lower cash cost on transportation side later. We will refer you to the Economics of Electric Cars.
Recent Ash Cloud events in Europe brought a very sobering sense of the feeling to be grounded. It is amazing how many things are taking for granted. This time it is Ash Cloud - what will happen with oil above 150?
Electric Cars is the only commercially viable technology today to sustain mobility world wide with rising Oil prices. Lithium is at the heart of Green Mobility revolution - it is an industry adopted standard for batteries and billions of dollars are invested into battery technology and upcoming by the end of this year Electric Cars on a mass market scale. This Bull market is still very young - only a year or so from the beginning after the crash of 2008.
We will provide you with few links to study the subject further:"

Vice President Joe Biden calls the Navistar Electric Truck Team to congratulate them on shipping their first vehicle as a result of Recovery Act funding, from his home office in Wilmington, Delaware,

The Recovery Act:

First Recovery Act Electric Vehicle Delivered Today
Posted by Liz Oxhorn on May 13, 2010 at 04:04 PM EDT
For months now, a team at an Indiana plant has been hard at work preparing to manufacture electric delivery trucks that are entirely powered by plug-in power. They’ve been installing equipment, retrofitting an old manufacturing facility, assembling parts, testing the new technology – and today they became the very first Recovery Act recipient to deliver an electric vehicle with the advanced battery and electric drive grants the President announced last year as they unveiled their new truck today and handed the keys off to the customer.
Perhaps the President was on to something last year when he chose Navistar’s Wakarusa plant as the location to announce these awards – because that Indiana team marking this important milestone today is none other than the fine folks at Navistar. You may remember some of them from this video of the President’s visit there last year. Their community was hard-hit when a local employer, RV manufacturer Monaco Coach, went bankrupt during the economic downturn. Like communities across the country, they’re still making their way to back to economic recovery – but they’re starting to see a brighter future thanks to the Recovery Act. The electric truck being unveiled today? It was manufactured at one of Monaco’s old facilities - which is today Navistar’s new electric vehicle facility. And it was made with the help of some former Monaco employees – who, thanks to the Recovery Act, are now on the job at Navistar.
The folks at Navistar took a few minutes in the middle of their busy launch day to take a phone call from a special guest Vice President Biden congratulated the team not only reaching this important milestone, but on playing a leading role in putting Recovery Act dollars to work manufacturing smarter, cost-efficient vehicles and helping build an industry that will create good middle-class jobs for years to come. This is just the beginning for Navistar’s electric vehicle program – they plan to eventually develop and deploy 400 of these trucks and put sixty people to work in the process thanks to the Recovery Act investment.
And this wasn’t just an accomplishment for Navistar, but for the entire advanced battery and electric vehicle industry. In fact, the battery that is powering the new electric delivery truck unveiled today was built in Michigan by Michigan workers at A123 Systems – also thanks to a Recovery Act award announced last year.
It’s easy to get a look at this electric delivery truck and the other advanced technology the Recovery Act awardees are producing and think this is just about the future. But Navistar and companies like it are bringing the future to market today. In fact, this truck isn’t a model or test vehicle – it’s going to be immediately put on the road by the customer making deliveries in a smarter, more cost-efficient way. A plug-in powered vehicle that can carry in excess of 2 tons a distance of up to 100 miles per charge – that’s not the future, that’s today.

And because of the advances the more than 40 recipients of the Recovery Act’s $2.4 billion investment in electric vehicles are making today, we’re going to go from two advanced vehicle battery factories last year to 30 by 2012. We’ll go from two percent of the world’s advanced vehicle battery market share to 20 percent by 2012. And we’re not just making the parts here at home, we’re also helping plant the power stations to fuel electric cars all over the country. So while Navistar’s customer will hit the road with a brand new electric vehicle soon – it may not be long before you do too.
Liz Oxhorn is Recovery Act Communications Director

Shai Agassi: Why cars have to go electric to make the world a Better Place TNR.v, CZX.v, RM.v, LMR.v, LI.v, WLC.v, SQM, FMC, ROC, HEV, AONE, NSANY, F

"Next Bull Lithium: We are running Gold Bull for nearly ten years now: Gold first, than Majors and follow up on Junior side. We were always wondering about Future of Energy and have collected some great memories on Uranium Run, Solar and Water plays. Gold Bull has years to run, but we are searching constantly for new Macro trends - it is very interesting to find out what will be the next Bull which will come out of these rubbles in case we are right and Inflation will be the answer to deflation war scenario. It is time for Lithium to come into picture.
Lithium is the leveraged play on Peak Oil and rising Oil price with coming Inflation. Sector is very small and market is even more smaller - everything is ready for the parabolic move in case of supporting fundamentals."


CNN:



Why cars have to go electric
By Shai Agassi, Special to CNN

May 11, 2010 -- Updated 1940 GMT (0340 HKT)



Video

Editor's note: Shai Agassi is the Founder and CEO of Better Place, an electric vehicle services provider, who's goal is to accelerate the global transition to sustainable transportation by building infrastructure and network for the widespread adoption of electric vehicles. TED, a nonprofit organization devoted to "Ideas Worth Spreading," hosts talks on many subjects and makes them available through its website.
(CNN) -- It's hard to believe it's been more than a year since I stood before the audience at one of my favorite forums, TED. But a year later, our vision for an oil-free world where electric cars are more convenient and affordable than gasoline-powered cars remains the same.
It's been a turbulent year for the global economy and the events of recent weeks only underscore the urgency of our situation as a society and as a planet. We see firsthand the severe damage oil can inflict, not only on our global economy but also on our environment.
Just look at the tragedy unfolding in the Gulf of Mexico. We will soon see the damage of this horrific event in very human terms, as the damage to the industry, the environment and the livelihood of those in the Gulf grows and all struggle to recover in the coming months and years.
My hope is that we will soon get to a point where we see that the cost of oil in human capital is no longer acceptable and that the increasing complexity of finding and retrieving this diminishing resource no longer makes economic sense. The good news is we are already seeing a shift that will ultimately take us from a transportation system based on a volatile oil ecosystem to one based on a more sustainable model based on electric cars that creates a market for clean energy.
The shift to electrification is inevitable and we're seeing some of the world's leading countries make strong commitments to electrification. China, France, Japan and Israel are just a few. Motivations vary from country to country, but the end result will be the same: a stronger economy, healthier automotive sector and increased development of clean energy, leading to a healthier society.
We will see new countries emerge to lead the way, and we will see former powerhouses who fail to act, left behind in this new sustainable global economy. While governments have the ability to accelerate the shift, the question remains how quickly we can get there.
My start-up, Better Place, has made great progress in the past 12 months, and we're moving forward in all of our committed markets. We began the year by raising $350 million in a financing round led by HSBC, and we continue to drive toward a full system test in Israel later this year, followed by our commercial launches in Israel and Denmark in late 2011.
On April 26th of this year, we launched the first switchable-battery, electric-taxi project in Tokyo. With the support of the Japanese government, we've partnered with Nihon Kotsu, Tokyo's largest taxi operator, to show what's possible in a rigorous environment with cars that drive almost continuously. Tokyo has much to gain from this: The city's 60,000 taxis may only represent 2 percent of all cars in the city, but they are responsible for 20 percent of emissions. If the switch works for taxis, imagine how it can work for average drivers.
Just two days before our Tokyo launch, Better Place signed a memorandum of understanding with Chery Automobile Co., China's largest independent auto producer and exporter. You can't talk about the future without considering China: They get it, they'll do it and it's that simple.
Today only 2 percent of China's population owns a car, but 80 percent of sales last year came from first-time car buyers, presenting a huge opportunity to get it right. The Chinese recognize EVs as a solution to the problem of the oil monopoly and its associated pollution, as well as an opportunity to leapfrog internal-combustion-engine technology and the rest of the auto industry. In fact, recent research from HSBC predicts that China's share of the global EV market will grow from 2.7 percent this year to 35 percent by 2020.
In late 2011, we're planning countrywide rollouts of the Better Place model in Israel and Denmark. With the infrastructure deployment under way, both of these countries will be ready when the first EVs from Renault come to market. We are talking about mass market with these cars -- as Better Place and Renault have committed to 100,000 electric cars for Israel and Denmark beginning in 2011. This is just the beginning, and we're seeing clear direction and new visionaries emerge such as Carlos Ghosn, CEO of Renault Nissan, who sees a future where EVs are mass marketed and make up 10 percent of all car sales by 2020.
Call it a revolution or an evolution, but this shift is happening today. While we still face a number of challenges, over the past 12 months we've seen a new willingness from the global auto industry to change. Two years ago, electric cars were considered a niche market by most automakers, but today we see almost every automaker in the world producing electric vehicles.
As the benefits of a more sustainable transportation model are realized, we will very quickly see a dramatic change in the global economy, the health of the car industry and most importantly in the air we breathe. All of this pointing the way to bigger, brighter future. It's simply up to us to make it happen.
The opinions expressed in this commentary are solely those of Shai Agassi."

GM Confirms Lithium-Air Battery Research to Revolutionize EV TNR.v, CZX.v, RM.v, LMR.v, WLC.v, CLQ.v, SQM, FMC, ROC, BYDDY, NSANY, FCX, BHP, RTP, GDX,

This picture above is the key to understanding of Lithium Bull market and iPod moment with Electric Cars. It is one of the first mobile phones made in early 90s. Technology once on track will deliver a very fast advance, it is cheaper and more productive to invest in development of lithium batteries and Electric Cars, than to clean Oil Spill for years to come. For your imagination: there are estimations that it will cost BP 14 billion dollars to clean up the mess in the Gulf and Nissan with NEC have invested "huge" amount of 5 billion dollars and 16 years into there batteries and Electric Cars program.

With this technological development Electric Cars can reach the same range as a car with CE, Range Anxiety will not be an issue any more. It will not come tomorrow, but technology could be advanced very fast. We expect for the lithium batteries to deliver within next five years double the capacity with 50% price cut - it will smash any barriers left for the EV mass market.

AllCarsElectric:

GM Confirms Lithium-Air Battery Research to Revolutionize EV

General Motors is quietly conducting research into Lithium-Air batteries, the next Holy Grail of electric vehicle technology, according to a Friday article in The New York Times.
GM acknowledges that while the battery technology has some way to go before it is used in commercial electric cars, the leap in capacity these batteries could offer could yield ranges per charge rivaling that of a conventional petroleum fueled car.
For many years now lithium has played a part in high-density batteries from laptops through to electric cars, but Lithium air batteries have remained less common.
Lithium has an extremely high energy density. If you expose it to water the resulting chemical reaction produces a large amount of heat, lithium hydroxide and hydrogen.
All batteries have an anode and a cathode. Electrical current flows between them when the chemicals inside the battery react with one another. Traditionally, Anode and Cathode have been made from different solid elements.
With Lithium Air batteries, the solid cathode is replaced with oxygen. Since the air we breathe contains oxygen in abundance, a Lithium Air battery does not need to store a supply of oxygen inside itself. This makes the battery much lighter and smaller.
Air has been used in batteries before as a cathode, most noticeably in Zinc-Air batteries, often used as long-life batteries in low power applications such as hearing aids. Traditionally, such batteries could not be recharged and had to be chemically reprocessed to reuse elements of the spent batteries.
In recent years, Zinc Air batteries have been used in electric car tests , including a version of refillable Zinc-Air battery which could be ‘recharged' with fresh Zinc when the battery became depleted.
However, they cannot be recharged in a conventional manner--which Lithium Air batteries can be, just by plugging them in.
Lithium Air batteries could represent an increase of capacity of more 10 times that now achieved by existing lithium-ion cells. This could lead to EVs with ranges in excess of 400 miles per charge--more than many subcompact cars can achieve on a tank of gasoline.
While Lithium Air batteries are at best 10 years away from commercial use, and are still very much in the laboratory stages of testing, they represent a huge shift in potential range for all electric vehicles.
This summer will see GM start testing its plug-in hybrid system in actual Volt GM's 2011 Chevrolet Volt will be launched this fall and uses more common Lithium Ion cells in its battery pack. The extended-range electric vehicle will be capable of traveling 40 miles on a full charge of electricity before a gasoline range-extender engine kicks in for another 300 miles.
[The New York Times]"

Wall Street Journal:The U.S. may stockpile lithium and REE under Strategic Materials Security Program TNR.v, CZX.v, RM.v, LMR.v, LI.v, WLC.v, CLQ.v,

Race for Strategic Materials is on and U.S. is not in the front seats now: China controls 97% of REE market and lithium mostly produced in Chile, Argentina and Australia at the moment. Bolivia - named the Saudi Arabia of lithium by some, has its own mind about its vast undeveloped resources of lithium. Japanese companies are buying into Canadian and Australian junior mining companies to secure lithium supply and Chinese are very active in Australia. When U.S. will look at domestic lithium development in Nevada? Government sponsored enterprise in U.S. Strategic Metals Development Corp. like a Japanese JOGMEC can do the trick and finance juniors like International Lithium, Western Lithium and Rodinia Minerals on J/V basis: otherwise it will be 80s with Japanese Fever all over again. This time Japanese conglomerates will control not only movie studious, but something little bit more essential in the time of peak oil - lithium supply for the Electric Mobility Revolution. Recent deal in Nevada by JOGMEC with Lomico Metals is the first step in that direction, properties are still under DD review, but appetite to be engage in lithium exploration and development in Nevada by Japanese is there. Who will be gone next? When GM, Ford, GE, Dow, Rio Tinto, Boeing and DOE will wake up?

The U.S. may stockpile lithium, thin pieces of which are shown here at the Center for Lithium Energy Advanced Research lab in North Carolina


WSJ:

Pentagon in Race for Raw Materials
Stockpiling Minerals Takes on Greater Urgency as Global Supply Gets Squeezed

By LIAM PLEVEN
The U.S. military is gearing up to become a more active player in the global scramble for raw materials, as competition from China and other countries raises concerns about the cost and availability of resources deemed vital to national security.
The Defense Department holds in government warehouses a limited number of critical materials—such as cobalt, tin and zinc—worth about $1.6 billion as of late 2008. In the coming weeks, the Pentagon is likely to present a plan for Congress to overhaul its stockpiling program,


The new plan, dubbed the Strategic Materials Security Program by the Pentagon, would give the military greater power to decide what it stockpiles and how it goes about buying the materials. It would also speed up decision making at a time when military technology evolves rapidly, commodity markets swing widely and countries around the world fight to secure access to natural resources.
"It's a risk-management program," said Paula Stead, who oversees the effort for the Defense National Stockpile Center at Fort Belvoir, in Virginia. The goal is to be able to obtain "a much broader" array of materials in "a much shorter time," she said.
Right now, the military can't add to the stockpile list without congressional approval, a process that can take as long as two years. The military wants to remove that restriction. It also wants the authority to strike long-term deals with companies or allied nations to provide emergency supplies of materials that the military says are irreplaceable for making weapons, jet engines, high-powered magnets and other gear.
U.S. allies are also increasingly alert to possible supply threats. Last year, Australia blocked a Chinese firm's bid for control of a company that was developing a mine for rare-earth elements, which are used in products such as alloys, electronics and computer monitors.
China controls more than 90% of global production of rare-earth elements, which the U.S. military uses in lasers and high-powered magnets. The U.S. in October added several of these elements to its list of materials that it might warehouse.

The proposed changes to the stockpile system are part of a broader overhaul of the way the Pentagon buys raw materials. The military currently uses hundreds of millions of dollars worth of raw materials annually, for building weapons and equipment, among other things.
The military has recently tested a system of bulk-buying commodities—by putting in joint orders across the armed services—which could cut purchasing costs. The military also wants the latitude to have private companies stockpile materials in "buffer stocks" that the military can tap if other supplies dry up.
Critics argue the current stockpiling system—set up in 1939 for World War II and shaped by the Cold War—is outdated and leaves the U.S. vulnerable to a shortage of critical supplies. That could weaken the military's negotiating position or leave it at the mercy of wild price swings in the market, or unable to get the material it needs for key weapons.
The huge purchasing power of other nations such as China and India makes this even more critical, according to a Department of Defense report given to Congress last year. Worries about potential shortages of strategic materials escalated in 2007 and 2008, as commodity prices jumped and demand from emerging economies soared.
At a hearing on the stockpile last July, a Defense Department official told Congress that the price of rhenium, whose heat-resistant qualities help jet engines operate at higher speeds, at one point shot up 1,000%. Rhenium is one of many materials the department already screens for stockpiling.
China looms large in the debate. In addition to dominating production of rare-earth elements, China is an aggressive deal maker with countries and companies that produce raw materials. The Chinese government also stockpiles a range of natural resources.
The rising competition for raw materials has sparked fears in the U.S. military that some materials that once seemed abundant could suddenly become hard to get at any price. In 2008 the military suspended or limited sales of 13 commodities it had previously considered excess. Last year it added 14 materials to its list of resources it considers for stockpiling, including specialty steels, lithium and some rare-earth elements, taking the total to 68. More additions are expected, said Ms. Stead of the Defense National Stockpile Center.
The changes being proposed by the military have the potential to move prices, especially on materials for which the market is small. If the military decides to add a commodity to the stockpile, it could cause "some upward pressure on price," said Roderick Eggert, a mineral economist at the Colorado School of Mines, who has tracked the proposal.
The Defense Department is also a major buyer of raw materials for immediate consumption, as opposed to stockpiling. It purchases about three-quarters of a million tons of raw materials a year for immediate consumption, and it uses almost 1% of U.S. steel production and nearly 5% of its aluminum.
The stockpiling system evolved over the past few decades into a network of warehouses containing material that, after the Cold War, the military largely concluded it no longer needed. Much of what was stored has since been sold off, shrinking the hoard and netting about $7 billion.
In 1995, the stockpile held 90 different commodities at 85 different locations. Today, it holds 20 commodities in 10 locations, Ms. Stead said.
The system amounted to "putting stuff into big piles," said Robert Latiff, a retired Air Force major general and lead author of a recent study on managing raw materials for the National Academies. The process for adding new material was "not only lengthy but torturous," said Mr. Latiff, who is now a professor at George Mason University.
The military has been caught flat-footed in the past. A special type of steel was needed early in the Iraq war to reinforce Humvees to protect soldiers from powerful explosives used by insurgents. The Defense Department didn't have the steel in its stockpile, and couldn't find a domestic firm to produce all it needed.
The rules were changed to allow the military to use material from Mexico, according to testimony to Congress last year.
At the same time, the military has also adapted to emergencies. When it was racing to build bomb-resistant trucks to use in Iraq, the Pentagon invoked authority it hadn't used in decades to force contractors to give key projects top priority access to essential material, because it feared shortages of ballistic glass and other components.
Write to Liam Pleven at liam.pleven@wsj.com"

TNR Gold Corp.: International Lithium Commences 2010 Exploration Program at Sarcobatus Flats, Nevada TNR.v, CZX.v, RM.v, LMR.v, WLC.v, ROC, CLQ.v,

Lithium ABCs.

"The world’s future energy course is being charted today because of the ramifications of peak oil and a need to reduce our carbon footprints.A whole new industry - a global wide automotive and industrial lithium-ion battery industry - is going to be built. As a result of lithium-ion battery demand for hybrid-electric and electric cars the increase in demand for lithium carbonate is expected to increase four-fold by 2017.Lithium-ion batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. Chrysler, Dodge, Ford, GM, Mercedes-Benz, Mitsubishi, Nissan, Saturn, Tesla and Toyota have all announced plans to build lithium-ion battery powered cars.Demand for lithium powered vehicles is expected to increase fivefold by 2012. The worldwide market for lithium batteries is estimated at over $4 billion per year."

Jay's Watch List March 30th Show featured TNR Gold Corp.

"Company update:
TNR Gold Corp. TSX: TNR
TNR Gold Corp. has entered into a letter agreement with Cricket Capital Corp. on the Company's 100% owned Forgan Lake property located 125km northeast of Thunder Bay, OntarioIn addition, the Company has commenced drilling at the Mariana Lithium brine project in Argentina, and it has increased its land position in Nevada to 5,285 hectares through staking and has commenced a geophysical program on its Mud Lake project, Nye County, Nevada. The Company proposed to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project in Argentina.
TNR established June 8, 2010 as a date of the meeting date for shareholder approval of the previously announced spin-out of TNR's lithium and rare metals assets into its wholly-owned subsidiary, International Lithium Corp. TNR shareholders of record on the date of the spinout, planned for late June or early July, will receive one share and one fully tradable warrant of International Lithium Corp. for every 4 shares of TNR."

TNR Gold Corp.: International Lithium Commences 2010 Exploration Program at Sarcobatus Flats, Nevada

Press Release Source: TNR Gold Corp. On Friday April 30, 2010, 1:00 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2010) - TNR Gold Corp. (TSX VENTURE:TNR - News; "TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce the Company has commenced the 2010 exploration program at the Sarcobatus Flats project, Nye County, Nevada as part of the Company's plan to systematically explore and evaluate all of its' Nevada projects.
Key Highlights:
-- Commencement of gravity survey at Sarcobatus Flats project, Nevada;

-- Completion of gravity survey at Mud Lake project, Nevada;

-- Expansion of Nevada lithium brine project holdings to 5,285 hectares; and

-- Full commitment to a systematic geophysical exploration of the Company's entire Nevada holdings.

Nevada Lithium Brine Project Update
The geophysical crew has successfully completed a detailed gravity survey on the Mud Lake project and has commenced an initial phase of geophysics on the Sarcobatus Flats project in Nye County, Nevada, as part of a systematic exploration approach across the Company's entire Nevada project areas. Processing of the Mud Lake geophysical data is underway and the results will be available shortly.
The geophysical stage of exploration maps structural features in the subsurface that may form traps for brine. These features are then used to generate and prioritize drill targets.
Nevada Projects
The Mud Lake Project is located 16 kilometres southeast of Tonopah in the Ralston Valley, Nevada covering 2,914 hectares in Nye County and is readily accessible year round. The Ralston basin, which contains Mud Lake, appears to have similar geological features that provided both a source and trap for lithium brines found in Clayton Valley which is located 47 kilometres west from the property. Chemetall-Foote Corp's Silver Peak operation, located in Clayton Valley, is the only lithium brine producer in North America and has been in operation since 1966.
The Sarcobatus Flats Project is a desert playa (dry lake bed) located in Nye County, western Nevada along state route 95 approximately 109 kilometres south of Tonopah and 72 kilometres southeast of Clayton Valley and consists of 105 placer claims totaling 1,076 hectares. Highly anomalous concentrations of lithium, ranging between 210 and 340ppm Li, have been encountered from a preliminary surface sediment sampling program conducted on the Sarcobatus Flats claim group. As with the Company's other Nevada projects, there are many close similarities between Sarcobatus Flats and a Clayton Valley type lithium brine deposit. The property is located in a closed structural basin, contains similar stratigraphy and occupies a lacustrine environment with the same regional hydrogeography and geochemistry as Clayton Valley. In essence, Sarcobatus Flats represents an under-explored early stage analogue to Clayton Valley.
The Fish Lake Project is located 75 kilometres southwest of Tonopah in the Fish Lake Valley, Nevada covering 1,295 hectares in Esmeralda County. International Lithium believes Fish Lake Valley has similar geological features that have acted as a trap for lithium brines in Clayton Valley 35 kilometres to the east. The United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR claims, contained 200 parts per million (ppm) lithium. This shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporates were deposited.
Mr. John Harrop is the Company's qualified person on the Nevada projects as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT INTERNATIONAL LITHIUM CORP. / TNR GOLD CORP.
International Lithium Corp, currently a wholly-owned subsidiary of TNR, is a Canada-based resource company focused on the exploration and development of new sources of lithium and rare metals. With quality projects spanning the globe from Argentina, USA, Canada, and Ireland, ILC offers investors the advantage of rapid development of lithium brine resources to production and the benefits of rare metals credits found in spodumene pegmatites. With the increased prominence of electric cars and lithium batteries, ILC expects lithium demand to rise in the near future. The Company aims to address this demand through leveraging the combined of its proven management and technical experts.
TNR is a diversified metals exploration company focused on identifying and exploring its existing properties and identifying new prospective projects globally. TNR has a total portfolio of 18 properties, of which 9 will be included in the proposed spin-off of International Lithium Corp.
The recent acquisition of lithium, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms TNR and ILC's commitments to generating projects, diversifying their markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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 release."

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.