Company

NRG METALS INC.

ABOUT THE COMPANY

NRG Metals Inc. is focused on the development of its flagship lithium brine project, Hombre Muerto Norte lithium project (HMN) in the Salta province of Argentina.

The property package of 3,287 hectares is comprised of six mining concessions.  Two production wells have been completed and cased on the Tramo Concession.  The project is strategically located with developed infrastructure.

The HMN project surrounded by two leading lithium brine producers, Korean giant POSCO and Galaxy Resources at the northern end of the renowned Hombre Muerto Salar.

HMN has an outlined Measured and Indicated Mineral Resources of .57M tonnes Lithium Carbonate Equivalent (LCE) NRG adds second drill at the Hombre Muerto North Lithium Project and a projected mine life of 30 years.  A recent Preliminary Economic Assessment returns a Net Present Value of US$ 217 million, CAPEX of US$ 93 million and an Internal Rate of Return of 30%.  A Feasibility Study on the project is in progress which will include upgrading the current resource to a reserve status.

The Company is moving forward with the evaluation and development of alternative Lithium extraction technology.

The Company currently has approximately 34 million shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol NGZ, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol, OGPN.

COMPANY HIGHLIGHTS

  • World Class Management Team
  • Experience and excellent infrastructure – from first drill hole to PEA in only 11 months
  • PEA indicates potentially robust economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%
  • Two production wells completed and cased
  • Sizeable property package (3,287 hectares) next to leading Lithium-brine producers
  • Partnered with high-purity Lithium battery producer in China – Chemphys – www.chemphys.com
  • NRG Metals listed as TOP 10 PERFORMER in Mining in 2018 TSX Venture 50 Ranking – www.tmxmoney.com

NI 43-101 Lithium Pump Testing Results

BOARD OF DIRECTORS

Adrian F.C. Hobkirk

PRESIDENT & CHIEF EXECUTIVE OFFICER, DIRECTOR

Mr. Hobkirk has 26 years of experience in the mining and venture capital industry, beginning with Norgold Resources in 1990, which was ultimately purchased by BEMA Gold. Mr. Hobkirk has been involved in Guyana for over twenty years and founded the company to develop the Groete Gold Copper Deposit in 2006. He has worked in many countries including Canada, Mongolia, Venezuela, Guyana, Chile, Colombia, the United States and Mexico. He has been involved in mineral exploration and technology ventures, and has extensive public company experience. He holds a BA in Economics from Simon Fraser University and is the largest single individual shareholder of the Company.

Alison Dai

DIRECTOR

Ms. Dai has 7 years of experience in the lithium industry and is responsible for business development and is a director for Chengdu Chemphys Chemical Industry Co., Ltd. In her role at Chemphys, Ms. Dai has been involved in developing strategic partnerships, international markets and procurement. Prior to joining Chemphys, Ms. Dai was an investment banking analyst at J.P. Morgan Australia in the mining and metals team. Ms. Dai holds a double degree in Bachelor of Laws and Bachelor of Commerce from the University of Western Australia.

Allen V. Ambrose

DIRECTOR

Mr. Ambrose has nearly three decades of experience in the mining industry, including work with large companies as well as junior exploration companies. He was a director of Minera Andes from November 1995 until its combination with McEwen Mining in January 2012. Mr. Ambrose also served as President and Chief Executive Officer of Minera Andes from 1995 until June 2008. Mr. Ambrose has extensive experience in all phases of exploration, project evaluation and project management, and has worked as a geologic consultant in the US, Venezuela, and Argentina. As a consultant, he was a co-discoverer of a Venezuelan auriferous massive sulfide deposit acquired by Gold Reserve Corporation and known generally as the Brisas deposit. He holds a BS in Geology from Eastern Washington University.

Gordon K. Neal

Director

Gordon Neal has more than 35 years experience in governance, corporate finance and investor relations. He founded Neal McInerney Investor Relations in 1991. Through marketing more than $4 billion in debt and equity financings, the company grew to be the second largest full service Investor Relations firm in Canada with offices in Vancouver, Toronto and Los Angeles. Clients included; BCE, Nortel, Bell Canada International, Bell Mobility, Clearnet, Intrawest, Canaccord Capital, BMO Nesbitt Burns, and Blackberry (RIM). Mr. Neal was VP Corporate Development at MAG Silver Corp. where he provided capital market strategies and solutions to the board. He is currently VP Corporate Development for Silvercorp Metals Inc.. Mr. Neal has served on the board of Falco Resources, Balmoral Resources, Americas Petrogas, Rockgate Capital, and Xiana Mining. Mr. Neal has raised more than $500 million for resources companies since 2004. Mr. Neal graduated from Dalhousie University with a B.Sc. in Biochemistry. 1977. He has also served as a member of the Dalhousie University Senate and Board of Governors.

Christoper P. Cherry

Director & Chief financial Officer

Mr. Cherry has over 14 years of corporate accounting and audit experience. Mr. Cherry has extensive corporate experience and has held senior-level positions for several public mining companies, including director, CFO and secretary. Mr. Cherry has been a chartered accountant since February, 2009, and a certified general accountant since 2004. In his former experience as an auditor, he held positions with KPMG and Davidson and Co. LLP in Vancouver, where he gained experience as an auditor for junior public companies and as an initial public offering specialist. Mr. Cherry served as CFO of the Company in 2012 and 2013, and has extensive knowledge of business in Guyana.

Fernando E. Villarroel

Director & Project Manager

Mr. Villaroel has 12 years of experience in the mining industry in Argentina with a focus on Lithium process development. From 2009 to 2013 he worked with Lithium Americas Corp. (Minera Exar S.A.) as Project Manager which included construction management and commissioning of the initial pilot evaporation facilities and laboratory at the Cauchari Olaroz Lithium Project. He has also acted as a consultant to Neo Lithium and International Lithium Inc. He holds a degree in Industrial Engineering and has specialized training in Data Modeling & Analysis for Business and Engineering from M.I.T.

Jan Urata

Corporate Secretary

Ms. Urata brings over 20 years experience in public company corporate finance and securities related matters including her years as a paralegal at McMillan. She also serves as Corporate Secretary of other TSX Venture issuers.

LITHIUM TEAM

James K. Duff

EXECUTIVE DIRECTOR

Mr. Duff has over 40 years of diverse experience in international mining. He has been active in Argentina since the 1980’s when he was the Chief Geologist at St. Joe Mineral’s Aguilar mine in Jujuy province. More recently, Mr. Duff was the Chief Operating Officer of Minera Andes, which owns 49% of the San Jose gold-silver mine in Santa Cruz, Argentina and 100% of the giant Los Azules porphyry copper deposit in San Juan, Argentina. Before that, he was President of South American Operations for Coeur Mining, where he was responsible for Coeur’s mining operations in Argentina and Chile. Mr. Duff has also worked for Bond International Gold, St. Joe Minerals, the Bunker Hill Company, Copper Range Corporation and Newmont Mining Company. He earned a BS degree in geology from the Mackay School of Mines at the University of Nevada and an MS degree in geology from the University of Idaho. He has completed the Program for Management Development at the Harvard School of Business as well as graduate studies in international business management. He is a past President and honorary Life Member of the Northwest Mining Association. Mr. Duff is fluent in Spanish.

Fernando E. Villarroel

DIRECTOR PROJECT MANAGER

Mr. Villarroel has served as a director of the Company for two years and is an industrial engineer well-experienced in the processing and development of lithium brines in Argentina. Head-quartered in Salta, Argentina, his private consulting company has facilitated the preparation of technical studies for Lithium Americas Corp., Neo Lithium, Dajin Resources and International Lithium, Inc. He holds a degree in industrial engineering from Universidad Tecnica de Oruro, Bolivia, and has specialized training in Data Modeling & Analysis for Business and Engineering from M.I.T.

Jorge Vargas

Managing Director

Mr. Vargas has been a practicing lawyer in Mendoza, Argentina with Vargas Galindez Abogados since 2004. He has many years of experience in the mining industry in Argentina. He holds a law degree from the Universidad de Mendoza, Argentina (2001), a Masters of Business Law from the University of Wales, Aberystwyth (2002), an MBA from University of Wales, Aberystwyth (2004), and a Programa de Direccio Gerencial , IAE Business School, Buenos Aires , Argentina (2007).