Work Begins on Lithium Bulk Sample
TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) is pleased to announce that it has instructed Process Research Ortech Inc. (“Ortech”) to commence the analysis of the bulk sample retrieved from its high-grade lithium project north of Val d’Or, Quebec. Ortech, a Mississauga based laboratory, will begin work on 30 tonnes of the bulk sample that Jourdan provided. The results received from the bulk sample, in conjunction with the exploration work currently underway on Jourdan’s property, are expected to provide a clear direction for immediate steps forward towards becoming a producer in the high growth energy metal space.
Rene Bharti, CEO of Jourdan states, “Having a world class laboratory such as Ortech in our backyard, that was able to receive and can quickly begin working on the bulk sample, is an invaluable resource for Jourdan.”Jourdan has assembled an excellent ground team that is currently at site doing soil sampling, geophysical surveys & geological mapping. The team has already performed an 18 km scintillometer survey and was successful in recognizing several anomalies corresponding to known spodumene occurrences. Jourdan hopes to publish the results of the report within the next two weeks.Mr. Bharti goes on to say, “With the strong global forecast for lithium prices, we feel this is an opportune time for Jourdan to move forward with our lithium asset. We were excited to see Sayona Mining Limited, a company with properties closely neighbouring Jourdan’s assets, receive a sizeable investment from Piedmont Lithium Limited. It is very clear to us that we are in an extremely prolific mining district for battery grade lithium for implementation in batteries for electronic vehicles (“EV”) and similar applications.”Dr. Andreas Rompel, Chairman of Jourdan, states, “The fact that companies such as Piedmont Lithium, who recently signed a supply agreement with Tesla who invested into Sayona Mining, which has properties located close to Jourdan’s, shows the importance of the Val d’Or region for lithium supply to the world’s largest EV companies. As part of the global initiative to focus on EVs and clean energy, Jourdan is strategically accelerating its work on its lithium project in Northern Quebec and has already initiated bulk sampling and will be seeking partners in the EV space going forward.”In addition, the Company has granted 7,844,811 stock options to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.075 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange (“TSX-V”).About Jourdan ResourcesJourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX-V and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s main properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.For more information:Rene Bharti, Chief Executive Officer and President
Phone: (416) 861-1685Cautionary statementsThis press release contains “forwardlooking information” within the meaning of applicable Canadian securities legislation. Forwardlooking information includes, but is not limited to, statements with respect to the grant of stock options, the analysis of Jourdan’s bulk sample by Ortech, the exploration work currently underway on the Company’s properties, expectations respecting the growth of the global lithium market, the Company’s ability to execute its business plan and the business, strategy and operations of the Company. Generally, forwardlooking 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 statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forwardlooking 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 Jourdan to be materially different from those expressed or implied by such forwardlooking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan 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 forwardlooking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER 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.