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Fairmont Resources CEO Discusses Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine $FMR.ca

  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine 
  • measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, 
  • inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
  • Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m

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Message: NGP Awarded US$7.9 mil Fed Grant...

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NGP Awarded US$7.9 mil Fed Grant...

posted on Jul 15, 11 02:19PM

Nevada Geothermal Power Inc. Awarded US$7.9 Million Federal Grant for Additional Work Completed at Blue Mountain

Press Release Source: Nevada Geothermal Power Inc. On Thursday July 14, 2011, 1:16 pm EDT

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Nevada Geothermal Power Inc. (NGP) (TSX-V:NGP.v - News) is pleased to announce that the United States Department of the Treasury has informed NGP that the Company’s application in the amount of approximately US$7.9 million for Specified Energy Property in Lieu of Tax/Credits relating to additional drilling completed at Blue Mountain ‘Faulkner 1’ geothermal power plant subsequent to being placed in service has been approved under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009. Payment of the full amount is expected imminently.

Faulkner 1 was placed in service on October 9, 2009 and NGP has since completed new well field work that was not included in the original application. The Company intends to use the funds to repay a portion of the debt owing to lenders.

http://finance.yahoo.com/news/Nevada-Geothermal-Power-Inc-bw-1103416547.html?x=0&.v=1

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