The company’s intent is to have an independent review of the process and other pertinent variables that it can be shared with potential future customers
Chengdu, 2016 – Concept Mining, a lithium exploration and development company with a focus on becoming a low-cost supplier for the lithium battery industry, announced that CEO Gong R. Ningning updates shareholders on company activities.
We had identified an opportunity to invest in two mining sites. I have spent the better part of last month working on ways to finance the package, and I am happy to announce that we have agreed in principal on the terms of the agreement with the various parties involved. We are finalizing the due diligence on the property and we will be filing all of the final documents in the coming weeks.
This is an exciting opportunity for the company and our shareholders because we will be investing in an asset that will generate cash flow to the company to sustain our day-to-day operations while we continue to work on commercializing the technology units with our partners. There is a natural benefit to buying into mining asset at today’s depressed prices and participating in the long-term appreciation of the asset.
The process has begun and we expect to be able to initiate testing on the unit till the end of the year. Initial testing will be done on the site where it is being assembled. They have all of the necessary equipment and power needed, and we will be using various technologies from the surrounding area.
We will also obviously be sharing data with the public to show what we are doing and point to addressable markets and business strategies moving forward.