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CPM.v Crystal Peak Minerals C$.275



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By Bobwins

Posted: Saturday Jun 11 5:30:31PM 2016

CPM.v   C$.355   Interview with CEO of Crystal Peak Minerals.  Very positive overview of current status of project and possible lithium byproduct.

 

http://www.proactiveinvestors.com/companies/stocktube/5138/crystal-peak-aims-to-be-one-of-the-biggest-potash-producers-globally-5138.html


By Bobwins

Posted: Wednesday May 18 7:46:05AM 2016

CPM.v/CPMFF  C$.41  The continued investment by EMR indicates to me that this project is going to become a producing mine.  SOP remains in high demand and at good prices, especially compared to Potash.  And the project has a lithium byproduct that should boost profits by becoming one of the few North American lithium producers.  But they're still just doing studies and don't anticipate production until 2019, at the earliest.  

Crystal Peak Minerals Inc. Announces Entering Subscription Agreement for $5.35 Million Private Placement With EMR

Marketwired 
 
 
 

TORONTO, ONTARIO--(Marketwired - May 18, 2016) - Crystal Peak Minerals Inc. ("Crystal Peak") (TSX VENTURE:CPM)(CPMMFis pleased to announce that, further to its press release dated May 2, 2016, it has entered into an agreement (the "Subscription Agreement") with EMR Capital Resources Fund 1, LP ("EMR") pursuant to which Crystal Peak will issue to EMR 12,620,331 common shares at a price of C$0.4243 per common share for gross proceeds of approximately C$5.35 million (the "Offering").

Crystal Peak intends to use the funds received from the Offering to continue work on its premium specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A. including advancing work identified in its Preliminary Feasibility Study; efforts to complete its Feasibility Study; Environmental Impact Statement and other permitting; and for general working capital purposes.

The closing of the Offering is subject to certain customary closing conditions set out in the Subscription Agreement and will take place on the third business day following the satisfaction (or waiver, if applicable) of the closing conditions specified in the Subscription Agreement, or such other date as Crystal Peak and EMR may agree; but in any event no later than June 17, 2016. All of the securities issued pursuant to the Subscription Agreement will be subject to a four month and one day hold period from the date of issuance.

Following the closing of the Offering, EMR will increase its holdings in Crystal Peak to approximately 84.8 million shares representing approximately 43.8% of Crystal Peak's issued and outstanding common shares assuming the conversion of all 2,791,947 of the non-voting common shares of Crystal Peak on a partially diluted basis.

About Crystal Peak Minerals Inc.

Crystal Peak is focused on the production of premium specialty fertilizers and other beneficial minerals. Crystal Peak controls, directly or through agreement, mineral leases on more than 124,000 acres on its Sevier Playa Project. With a brine mineral resource known to contain potassium, lithium, magnesium, sulphate, and a suite of other associated minerals; Crystal Peak is targeting the production of specialty fertilizers including SOP through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. Crystal Peak is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


By Bobwins

Posted: Monday May 2 1:09:34PM 2016

CPM.v/CPMFF  +.035 to C$.335

 

Crystal Peak Minerals got some more support from their major investor, Exercising warrants at above market prices to generate cash of over C$12million while adding 34million shares at C$.4243.  Gives them an additional seat on the BOD.  EMR Capital Resources Fund 1, LP increased their shares from 25 to 43% of outstanding common shares.  

 

http://finance.yahoo.com/news/crystal-peak-minerals-inc-announces-110000984.html


By Bobwins

Posted: Monday Apr 25 8:32:51AM 2016

CPM.v  +.02 to C$.32     Crystal Peak going to include lithium by product analysis in their upcoming feasibility study.  Should be done late this year.  Since lithium stocks have done so well, investors should know that CPM.v could be a significant US based lithium producer before 2020.  The lithium should make financing easier and enhance the project returns.

TORONTO, ONTARIO--(Marketwired - Apr 25, 2016) - Crystal Peak Minerals Inc. ("Crystal Peak" or the "Company") (TSX VENTURE:CPM) (CPMMFannounced today that, in addition to the targeted development and production of its potassium sulphate deposits, it intends also to focus on evaluating the development and production of associated minerals including lithium and magnesium compounds in its feasibility study currently underway on its premium specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A. (the "Sevier Playa Project").

 

Recent news articles have described the global increase in battery-related demand for lithium and the limits on global sources of supply as the world attempts to develop less carbon-intensive energy sources. According to an article in "The Economist", dated January 16, 2016, "…companies are scrambling for supplies of lithium". The article adds; "The price of 99%-pure lithium carbonate imported to China more than doubled in the two months to the end of December…"

"We think that we have an opportunity to make a big contribution to the environment," said Lance D'Ambrosio, Chief Executive Officer of Crystal Peak. "By focusing our feasibility study on products in addition to specialty fertilizers, the Sevier Playa Project may be able to provide the lithium and magnesium needed to fuel the next round of modern electronic technologies and thereby provide a positive and sustainable impact on the environment."

Crystal Peak's preliminary feasibility study ("PFS"), entitled "NI 43-101 Technical Report Preliminary Feasibility Study of the Sevier Lake Playa Sulphate of Potash Project, Millard County, Utah" with an effective date of October 25, 2013, only targeted the production of specialty fertilizers, specifically potassium sulphate ("SOP"). However, that technical report also recommended the investigation of associated minerals indicating, "Preliminary evaluation of the feasibility of lithium production from solar pond bitterns is recommended… If this work shows promise, additional testing would be recommended to more fully define potential recovery and operating costs." The PFS projected that lithium would be available in the bitterns as concentrate at 0.134 percent lithium and would require selective precipitation, resin ion exchange, solvent extraction, or membrane processing to produce.

Please refer to the PFS, which is available on SEDAR (www.sedar.com) and on the Company's website, for further details.

Dean Pekeski, P. Geo., Crystal Peak's Vice President Project Development, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the contents of this news release.

 

About Crystal Peak Minerals Inc.

Crystal Peak is focused on the production of premium specialty fertilizers and other beneficial minerals. Crystal Peak controls, directly or through agreement, mineral leases on more than 124,000 acres on its Sevier Playa property in Millard County, Utah. With a brine mineral resource known to contain potassium, lithium, magnesium, sulphate, and a suite of other associated minerals, Crystal Peak is targeting the production of specialty fertilizers including SOP through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. Crystal Peak is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


By Bobwins

Posted: Wednesday Apr 20 7:36:05AM 2016

CPM.v used to be EPM.v  Changed name last year.  Developing Sulphate of Potassium(SOP) plant in Utah.  Specialty type of potash that works with higher value vegetables and fruits that can't tolerate high salt of regular potash.  

Here is an interestesting article that points out the intriguing side value of CPM.v......Lithiuml

 

http://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/lithium-play-tesla-motors-crystal-peak-minerals/

 


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