Vancouver’s NRG Metals to Raise C$1.4M with Chinese Lithium Producer

Vancouver, B.C.-headquartered NRG Metals Inc. has entered into a letter of intent (LOI) with Chengdu Chemphys Chemical Industry Co. Ltd. located in Chengdu, China, regarding the further exploration and development of the Hombre Muerto North lithium project (HMNLP) located in Salta and Catamarca Provinces, Argentina. Chemphys specializes in the production of high-purity lithium for use in batteries, optic devices, and other specialized materials. The purpose of the LOI, with gross proceeds valued at C$1.4 million, is to combine the development expertise of NRG, with the high-purity processing expertise of Chemphys.

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