HENDERSON, Nev., Nov. 22, 2016 (GLOBE NEWSWIRE) — Oroplata Resources, Inc. (OTC Markets:ORRP), through its wholly owned subsidiary, Lithortech Resources (www.lithortech.com), is a lithium resource exploration and development company. Lithortech’s primary focus is the establishment of a low-cost, long-life proved production base to supply the rapidly growing and currently flourishing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning EV (electric vehicle) industry.
Lithortech Resources announced today that it has retained Hayden IR, a premier national investor relations consulting firm. Hayden IR will work to implement a strategic investor relations program to raise Lithortech’s visibility and strengthen its relationships with the investment community, increase awareness and enhance shareholder value.
Lithortech Resources is focused on becoming a substantial and profitable lithium producer via the rapid development of its valuable production-grade lithium brine project in Nevada. Nevada has long been a producer of lithium from brine at Clayton Valley and, with the opening of Tesla’s gigafactory in July 2016, it is destined to become a world leader in the rapidly growing lithium demand market. Ever since electric carmaker Tesla announced plans to build its gigafactory plant outside Reno, Nevada, investors, fans of Elon Musk’s company and others around the world have started paying attention to Nevada’s large lithium deposits. There is a race for lithium going on in Nevada.
The Company’s Western Nevada Basin (WNB) Project is located within Railroad Valley, in Nye County, approximately 112 miles (180 kilometers) northeast of Clayton Valley. The project can be accessed by paved highway directly from U.S. Route 6. Railroad Valley is one of Nevada’s largest trapped basins and is noted to hold all the necessary commercial and engineering prerequisites for a massive lithium brine deposit.
The presence of lithium in the valley was identified by the U.S. Geologic Surveys’ (“USGS”) sediment sampling and confirmed by Lithortech. Historic and modern oil exploration and development data obtained by Lithortech indicate that favorable geologic formations and brines are present, which appear to be very similar to the lithium brine deposit model of the proven and highly prolific nearby Clayton Valley. The company believes the WNB has the potential to host economic lithium bearing brines in the extensive subterranean aquifers beneath the valley floor.
Craig Alford, CEO of Oroplata/Lithortech Resources commented, “With the commencement of our WNB work program, and possible establishment of initial production in the near future, along with other exciting strategic opportunities, 2017 is poised to be a very big year of growth for the company. Management believes that this is an opportune time to retain a national investor relations firm to help us target and expand our investor audience and ensure we are communicating effectively with Wall Street. We look forward to working with the world-class team at Hayden IR as we move to the next level.”
With offices in New York City, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services. Hayden IR connects emerging growth companies with institutions, independent portfolio managers, buy-side and sell-side analysts, family offices, retail brokerage firms and accredited individual investors through a comprehensive, multi-tier proactive program. Hayden delivers expertise and professionalism in areas such as investor management, relationship building, awareness campaigns, online presence, and corporate identity.
The team at Hayden IR, added, “We are very excited to be working with Oroplata/Lithortech Resources, a company with experienced management and a well-positioned land asset within the dynamic and high growth lithium industry. With the planet’s fossil fuels diminishing each year, technology innovators, especially incrementally in the automotive electric vehicle (EV) sector, will rely more on sustainable energy sources. A very dramatic increase in demand for large amounts of lithium for electric vehicles (EV) is predicted. As the owner of some of the richest lithium properties in the country, Lithortech is perfectly positioned to be a leading supplier of raw materials to this rapidly growing industry. The team at Hayden IR looks forward to articulating this opportunity to the professional investment community. The management of Oroplata/Lithortech is committed to maximize stockholder value.”
Oroplata Resources, Inc.
Oroplata Resources, Inc. (OTC Markets:ORRP), through is wholly owned subsidiary Lithortech Resources (www.lithortech.com), is a lithium resource exploration and development company, those primary focus is the establishment of a low cost, long life proved production base to supply the rapidly growing and currently flourishing lithium-ion battery industry for both mobile devises and laptops, as well as the burgeoning EV (electronic vehicle) industry. Lithortech is focused on becoming a substantial, profitable lithium producer via the timely development of valuable production-grade lithium brine deposits in Nevada.
For more information, check out: http://lithortech.com
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2015. The Company assumes no obligation to update any of the information contained or referenced in this press release.