Namibian lithium developer and lithium concentrate producer Desert Lion Energy has announced that the common shares of the company will commence trading on the TSX Venture Exchange at the opening of market on 26 February 2018, under the trading symbol “DLI”.
Desert Lion Energy is an emerging lithium development company focused on building Namibia’s first large-scale lithium mine to be located 30 km south east of Karibib and approximately 210 km from the nation’s capital of Windhoek.
The Desert Lion Energy’s Rubicon and Helikon mines is located within a 301 km2 prospective land package, with known lithium bearing pegmatitic mineralisation.
The company is currently in Phase 1 of its production plan, producing and exporting lithium concentrate from stockpiled material.
The project site is accessible year-round by road and has access to power, water, rail, port, airport and communication infrastructure.
“We are excited to have reached this milestone,” comments president and CEO Tim Johnston.
“Listing on the TSX Venture Exchange provides the company with greater visibility and accessibility to a broader group of investors and we look forward to be a part of this well respected marketplace as we advance our Phase I production plan,” he continues.
In addition, Desert Lion Energy has granted a total of 1 405 000 options to various directors, officers, consultants and employees under the stock option plan of the company.
The options are exercisable at a price of $1.82 per option and shall expire on February 26, 2023, all subject to a four-month regulatory hold period.