JANUARY 2019 O FFERING A PROPRIETARY , LOW COST SOLUTION TO THE LITHIUM BRINE INDUSTRY A Strategic Chemical Advantage Creating a Low Cost Producer www.arenaminerals.com TSX.V: AN OTC: AMRZF
TSX.V: AN 2 Forward Looking Disclaimer: This document may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the lithium projects or the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates Legal l underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such Dis isclaimers forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Currency Presentation: Unless otherwise indicated, all dollar figures are in Canadian dollars Sources of Information: Data such as commodity prices, growth, volumes and well as information related to producing assets or comparable projects were obtained from public sources such as industry publications, technical reports, articles published by experts and press releases TSX.V: AN 2
What Matters Arena Minerals is led by a team with Undeniable Experience in Lithium processing which has successfully advanced and brought to production several lithium projects Eduardo Morales, former CEO of Rockwood Litio Ltda (based in Chile), President of Rockwood Lithium Latin America and COO of Lithium-X is a World Leader in the Field, a key Board Member and heavily invested Eduardo Morales and Will Randall, CEO, recently teamed up to advance a lithium project at Lithium-X Energy Corp., which was acquired in 2018 by a Chinese consortium for C$265M after demonstrating a process leading to a high-purity 5%+ lithium concentrate Arena Minerals has adapted, to the lithium brines of Argentina, the “Brine Mixing Process” which was developed by Eduardo Morales and the team he was part of, and led to Chile being the world’s lowest cost producer over the last few decades Arena Minerals benefits from strong local relationships and is building on a strong Institutional Investor Base, which includes: 3
De De-Risking Example of f Li Lithium-X “The Key to value creation in the lithium brine industry is to demonstrate the entire process, from resource extraction through to a saleable, high quality end product” Eduardo Morales, 2018 Dec 18 th 2017: Lithium X acquisition by March 18 th 2018 : Chinese consortium led by NextView for Closing of Acquisition $265M; $2.61/share Feb. 21 st 2017: LIX achieves 5% Li concentrate on site demonstrating viability of process; permit for construction of Initial Ponding Facility of 2,500t/yr of LCE 23% Premium 420% over 2 years June 29 th 2016: Appoints Eduardo Morales as COO April 21 st 2016: Acquires Sal de los Angeles (“SDLA”) Brine Project in Argentina Feb 16 th 2016: Hire Will Randall as VP Project Development to help “Finding, analyzing and conducting due diligence on assets” Nov. 30 th 2015 : Debut Trading on TSX.V TSX.V: AN 4
Key y Exp xpertis ise Reunit ited Will Randall, President and CEO Eduardo Morales, Board Member and key shareholder. World Renown Expert in Lithium Brine Processing • Founder of Arena Minerals • Recently VP Project Development for Lithium-X Energy Corp . • Mr. Morales is a chemical engineer with nearly 40 years of experience in the lithium advancing the Sal de los Angeles (“SDLA”) lithium brine industry, with a focus on project engineering, construction and start-up. project in Argentina. • The world’s first Battery Grade Lithium Carbonate was achieved under his leadership. • Lithium-X was acquired for $265M in 2018 by a consortium • Mr. Morales formerly built and operated one of the world’s largest lithium brine led by Nextview New Energy Lion Honk Kong Limited. operations. As President of Rockwood Lithium Latin America , he successfully led the • Identified, acquired and advanced the SDLA Project since development, commissioning and operation of Rockwood’s Salar de Atacama project. 2009 before and after the acquisition by Lithium-X Energy His tenure with Rockwood Lithium ended with the company’s sale to Albemarle Corp . in 2016. Corporation for US$6.2 billion in 2014. • 20 years of experience in project development with a focus • Mr. Morales was appointed Chief Operating Officer of Lithium-X Energy Corp. in 2016. on Lithium in the last 10 years. Lithium-X was acquired less than 2 years later. • Professional geologist and qualified person (“QP”) with 20 • Mr. Morales previously served as General Manager overseeing construction and years of extensive exploration experience. operations of both the ponding facilities at Salar de Atacama and lithium carbonate and • Mr. Randall was raised in Argentina, educated in Canada and lithium chloride plants in Antofagasta, Chile. He holds a Chemical Engineering degree is fluent in both English and Spanish. from the University of Santiago, Chile. Additionally, the Salta Based Technical Team of Lithium-X is available to Arena and is Being Reassembled Vernon Arsenault, VP Exploration Daniel Bruno, Executive Chairman Paul Kania, Chief Financial Officer • • • Geologist with over 30 years of Co-founder of Arena Minerals with over Financial Professional providing CFO, controller, experience, more than 15 years in South 15 years of Capital Markets experience financial reporting and consulting services • • America Former Partner and Director with GMP Significant experience in the mining sector • • Senior Manager at Noranda in Chile, Securities Certified Public Accountant (CPA) • • Peru and Argentina Born in Uruguay; fluent in Spanish HBA, Economics and Philosophy, University of Toronto • Fluent in Spanish Simon Marcotte, Director Corporate Development Nicolas Vázquez, Board Member • Over 20 years of Capital Market experience with CIBC World • 10 years of experience in representing mining Markets, Sprott and Cormark Securities companies in Argentina • Corporate experience with Belo Sun Mining, Alderon Iron Ore • Current a Partner at Vasquez & Meroni and Mason Graphite with a focus on battery materials TSX.V: AN 5 Abogados, a law firm in Argentina • Holds a Business Degree from Sherbrooke University and the • Graduate from Universidad Católica Argentina CFA designation
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