VANCOUVER, British Columbia, Nov. 06, 2017 (GLOBE NEWSWIRE) -- NRG Metals Inc. (the “Company”) (“NRG” or the “Company”) (TSX-V:NGZ) (OTCQB:NRGMF) (Frankfurt:OGPN), is pleased to announce that during the month of October, the Company had 10,349,250 warrants exercised for proceeds of $1,374,845. In addition, the Company had 875,000 stock options granted to consultants exercised for proceeds of $121,250. These warrants and stock option exercises have increased the Company’s working capital to approximately CDN$1.8 million. Further warrant exercise is expected over the coming weeks.
The Company is now fully funded to complete the current drill program at Salar Escondido. In addition, the Company is preparing a Phase One exploration program for the Salar Hombre Muerto Lithium Project while it awaits the completion of permitting. Negotiations on other acquisitions are ongoing.
About the Company
NRG Metals Inc. is an exploration stage company evaluating two lithium brine projects, located in Argentina. Phase One exploration drilling is currently underway at the 29,000 hectare Salar Escondido lithium project, Catamarca Province, Argentina. Results are expected in November. In addition, the Company is awaiting exploration permits at the Hombre Muerto North Lithium Project, located in Salta Province, Argentina. Additional projects are currently under negotiation.
NRG Metals Inc. currently has 86,005,135 common shares issued and outstanding. NRG Metals Inc. trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.
