Business
Southern Sun Minerals Inc. Corporate Update
(via Thenewswire.ca) January 2016 Vancouver, BC - via TheNewswire.ca Dear new an...
About this update from Grid Battery Metals Inc
[{"type":"text","content":"Southern Sun Minerals Inc. Corporate Update(via Thenewswire.ca)\n \n \nJanuary 2016\n\n\n \nVancouver, BC - via TheNewswire.ca\n\n \n \nDear new and existing shareholders. We open 2016 by taking prudent steps to diversify our company's asset base and business strategy. We are in the process of a name change to Nevada Energy Metals Inc. to properly reflect our stake in the, \"green energy metals\" sector. In short, we've breathed new life and cash liquidity into the company. \n\n \n \nWe're very pleased by the recently announced joint venture with Dajin Resources Corp., granting us an option to earn up to a 60% interest in the Alkali Lake lithium exploration project located in the heart of the lithium play, Esmeralda County, Nevada. \n\n \n \nAfter the success of an initial refinancing in the last quarter of 2015, where $225,000 was raised, the company was able to announce and close within 4 days, a second non-brokered, oversubscribed private placement for gross proceeds of $900,000. This capital injection strengthened our balance sheet. We now have a healthy treasury with over $1,000,000 in capital to fund exploration of Alkali Lake and for general corporate purposes including an aggressive acquisition program to add new lithium projects to our portfolio.\n\n \n \nAlkali Lake is located just 12 km (7 miles) northeast of Rockwood's Silver Peak lithium brine operation, the only producer in North America. Lithium has been one of the very few bright spots in the entire commodities complex. We fully expect to see a lot more activity in southern Nevada as investors and management appear to be intently focused on Nevada's expanding, \"Lithium Hub,\" the location of Tesla's $5 billion lithium-ion battery gigafactory currently under construction, as well as the soon to be built Faraday Future $1 billion electric car plant. \n\n \n \nIn order to broaden our shareholder base we are now listed in the US OTC Markets as OTC PINK:SSMLF and are fully DTC eligible. \n\n \n \nOur goal is to be a part of the solution to the problems of climate change and the unacceptable air pollution troubling global cities. Lithium, used in the aptly named lithium-ion battery, effectively ties together the green energy metals revolution. Lithium-ion batteries bridge the gap between localized use of intermittent renewable energy sources like solar & wind, to ...