Hombre Muerto North Project

Located in Salta and Catamarca Provinces, Argentina. The property package of 3,287 hectares is comprised of the Alba Sabrina, Tramo, Natalia Maria, Gaston Enrique, Viamonte and Norma Edit concessions, all located in the Salar del Hombre Muerto in northwestern Argentina.

Highlights of the Hombre Muerto North Lithium Project Include:

• 20 surface samples collected in 2016-2017 range from 48 to 1,064 mg/L Li, averaging 587 mg/L Li , with seven samples over 800 mg/Li.
• Magnesium to lithium ratios range from 1.1:1 to 10.2:1, averaging 4.6:1 , which are low by industry standards.
• Geophysical data indicates zones of low resistivity, interpreted to be potential lithium-bearing zones that are open at depth.
• Adjacent to Galaxy Resources’ Sal de Vida lithium development project and FMC Corp’s long-time producing Fenix lithium brine operations.

The location of the project and the concessions is shown on the map below. The western part of the Salar del Hombre Muerto is host to FMC’s Fenix Mine (~20 km south of the Hombre Muerto North property), which has been producing lithium for over twenty years, and Galaxy Resources is developing its Sal de Vida lithium project in the eastern part of the salar.

Adrian Hobkirk, CEO of NRG Metals, commented:

“We are very excited to be able to lock-up this project in the preeminent lithium brine production and development area in Argentina. NRG has a highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.”