Friday, June 24, 2011

Ballard Power Systems making inroads in Germany as Germans avoid nuclear power.

Ballard Fuel Cell Products Provide Backup Power Solution for German City Council Headquarters5:30PM ET on Thursday Jun 2011 by CNW Group

--  Reaffirms benefits of clean fuel cell energy for
        uninterruptible power supply

Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) announced that its FCgen(®)-1020ACS fuel cell stack is the power source for a ten kilowatt (kW) backup power system deployed by Heliocentris Energy Solutions AG, specialist in environmentally-friendly energy storage solutions. A total of eight 1.2 kW Heliocentris Nexa 1200 fuel cell systems - using Ballard stacks - provide extended duration backup power to critical information technology services at the City Council headquarters of Meiningen, Germany.

The direct hydrogen system is hybridized together with lithium-ion batteries and deployed for indoor use. This replaces an uninterruptible power supply system using lead-acid batteries, which has proven insufficient for long power outages. This installation is the latest in a series of field trials demonstrating capabilities of the Heliocentris solution to industrial customers having requirements that include remote monitoring stations, emergency power supplies and auxiliary power units. Heliocentris also designs fuel cell training systems for the educational market.

Backup power solutions based on fuel cell technology deliver a number of advantages over conventional batteries and diesel generators, including higher reliability across a wide range of operating conditions, lower maintenance costs, longer operating life as well as reduced size, weight, installation footprint, noise signature and environmental impact. Ballard's FCgen(®)-1020ACS fuel cell stack enables all of these advantages with its compact and cost-effective air-cooled design.

The trial in Meiningen is being supported by the German Federal Ministry of Transport, Building and Urban Development as part of the National Hydrogen and Fuel Cell Technology Innovation Programme (NIP). NOW GmbH National Organisation for Hydrogen and Fuel Cell Technology is in charge of coordinating the NIP.

About Ballard Power Systems Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy fuel cell products enabling optimized power systems for a range of applications. Products contain proprietary esenciaTM technology, ensuring incomparable performance, durability and versatility. To learn more about Ballard, please visit www.ballard.com.

Further Information Public Relations: Guy McAree, +1.604.412.7919, media@ballard.com Investor Relations: Lori Rozali, +1.604.412.3195, investors@ballard.com

SOURCE: Ballard Power Systems Inc.

Public Relations: Guy McAree, +1.604.412.7919,media@ballard.com Investor Relations:
Lori Rozali, +1.604.412.3195,investors@ballard.com

Ballard Customers 2011:

Customers

More than 100-megawatts (100 MW) of Ballard fuel cell stacks, modules & systems have powered clean energy solutions for customers in a variety of countries on five continents. A few examples follow -

Backup Power
	Dantherm Power is Ballard’s direct channel into the rapidly expanding wireless telecom backup power market, deploying 2kW and 5kW direct hydrogen DBX systems in mission-critical applications for such customers as Wind Mobile. Read more...
	IdaTech integrates Ballard fuel cells into its methanol-based ElectraGen™ ME systems for backup power applications with such customers as Hutchison Telecom. Read more...

Distributed Generation
		Deployment of a Ballard 1MW CLEARgen™ system will enable Toyota to satisfy peak power needs at their office complex in Torrance, CA. The system will be fuelled by hydrogen produced from steam-reformation of renewable bio-gas generated at a landfill. Read more...
		A Ballard CLEARgen™ system will convert by-product hydrogen from bleach production into clean load-following electricity at a K2 Pure Solutions plant in Pittsburg, CA. Read more...
		FirstEnergy Corp. and Ballard are testing a 1MW CLEARgen™ system – designed to produce enough electricity to power more than 600 homes. Read more...

Material Handling
		Plug Power has deployed over 1,200 GenDrive^TM systems, exclusively using Ballard fuel cell stacks, with such customers as WalMart, Sysco, BMW, Coca-Cola, Central Grocers, FedEx and Wegmans Read more...

Bus
	BAE Systems is a pioneer in the development and deployment of hybrid drive propulsion systems for diesel hybrid transit buses. Leveraging its extensive knowledge of hybrid drives, BAE Systems has integrated Ballard fuel cell modules for operation in buses with such customers as Sunline Transit Agency. Read more...
	TuttoTrasporti is the largest Brazilian integrator of hybrid transit buses … and, a TUTTO hybrid system incorporating Ballard fuel cell modules is currently operating in Sao Paulo under a UNDP/EMTU program. Read more...
	Van Hool is the 4th largest bus manufacturer in Europe, offering a complete range of buses for public transport in international markets … integration of Ballard fuel cell modules into Van Hool hybrid buses, for operation by the HyNor Oslo Buss group in the greater Oslo area, is in process now. Read more...

Thursday, June 16, 2011

TNR Gold concentrating on Gold, Silver and Copper projects after Spinoff of ILC.

TNR Gold Corp.

TSX VENTURE : TNR

June 16, 2011 13:31 ET

TNR Gold Corporate Update Post Lithium Spinoff

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) -TNR Gold Corp. (the "Company") (TSX VENTURE:TNR). The Company is pleased to provide our shareholders with an update on TNR Gold Corp.'s activities over the past year and an outlook of its objectives for 2011 and beyond.
TNR has recently completed a major endeavour, the successful completion of a plan of arrangement entailing the spin-out of TNR's lithium and rare metals subsidiary, International Lithium Corp (TSX VENTURE:ILC). As a testament to the merits of the projects, ILC was able to solicit and secure a strategic investor in Jiangxi Ganfeng Lithium Co. Ltd., a prominent lithium product manufacturer. TNR retains 29% ownership in ILC and will continue to benefit from the future potential of lithium and rare metals.

Following the successful listing of ILC, TNR can now fully focus on the gold and rare earth element ("REE") projects that it has been readying for this juncture. One prime example to the strengthening of TNR's core project portfolio is in the recent consolidation of 100% ownership of the Company's Shotgun gold project in Alaska, from NovaGold. The Shotgun Project is situated in a prolific world class gold region with previous operators estimating a non NI43-101 compliant historical resource of 980,000 ounces grading 0.93 gram per tonne at a cut-off of 0.5g/t Au. TNR's goal for the coming year is dedicated to proving and expanding the mineralization at Shotgun and seeking a major partner to assist in the development of this large gold project.
In Argentina, in addition to the work that our joint venture partners such as La Mancha and NGEX Resources are performing on our properties, TNR will focus on its El Tapau project, which has experienced limited drill coverage consisting of 7 holes with one reporting a significant intersection of 82 metres grading 0.49% Cu that has not been followed up on. The company has also recently discovered five historic drill holes drilled on or near the property boundaries internal to our large claim concession, which had returned significant grades of gold, silver and copper. This year, the Company will attempt to validate these remarkable historic results as well as drill the untested geophysical anomalies proximal to this zone to demonstrate the significant potential of the property.

In addition, TNR has bolstered its project portfolio and expanded its commodity exposure with the addition of two new properties, the Big Beaver House and Seabrook REE projects. The Big Beaver House boasts one of the largest carbonatite complexes in Ontario at 5 by 5 kms in scale, has experienced limited historic drilling with only a partial suite of REE elements analyzed for and when reanalyzed relatively recently by the Ontario Geological Survey reported Nd+La+Ce grades up to 3,200 ppm indicating significant total REE potential. These early stage REE projects will be explored throughout the summer with the resulting advancement providing the basis to entice a strategic partner to help finance continued development of these assets.

Throughout the last three years, TNR has also been seeking resolution on its ownership status of the Los Azules, an advanced-staged exploration project in San Juan, Argentina which hosts one of the largest undeveloped copper resources in the world.

In May 2011, following a two-day hearing before the British Columbia Supreme Court, TNR and its subsidiary, Solitario Argentina S.A., have been granted leave to amend their pleadings to add a new claim to the litigation (the "New Claim") over the Los Azules project in Argentina. The litigation involves TNR, Minera Andes Inc., MIM Argentina Exploraciones S.A. ("Xstrata") and related entities. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource.
The New Claim alleges that Xstrata and Minera Andes did not complete the required exploration expenditures required for Xstrata's exercise of its option on April 23, 2007 to acquire certain properties constituting the northern half of the Los Azules project (the "Properties"). On that basis, TNR and Solitario advance a claim of breach of contract and intentional interference with economic relations, and seek the return of the Properties, or alternatively, damages as against the defendants or any of them.

As a result of the New Claim being added to the litigation, the trial scheduled to commence on June 20, 2011 in Vancouver, BC has been adjourned so that documents relating to the New Claim can be produced. A new date for the trial will be set in due course.

In the original Notice of Civil Claim, among other claims, TNR and Solitario seek rectification of a 2004 Exploration and Option Agreement with Xstrata (later assigned to Minera Andes) to restore a right on the part of Solitario to back-in to up to 25% of the Properties any time within 120 days of the production of a feasibility study. Minera Andes and Xstrata oppose rectification and the other relief sought by TNR and Solitario.

TNR will be vigorously defending its legal position and invite all shareholders to learn more about the case proceedings via the publicly available documents. The original Notice of Civil Claim, Application with amended claim, and the Reasons for Judgment on the amendment application are available from the BC Supreme Court registry and database (BC Online) and are hosted on TNR's webpage.
www.tnrgoldcorp.com/s/LosAzules.asp

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects in North and South America and Europe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its current project portfolio. TNR remains committed to following this business model and the ability it provides to continue to unlock value for ourselves and its shareholders.
Exploration success begins with having the right people, patience, perseverance and timing. TNR believes it has these key ingredients in place for a successful 2011 and beyond.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR remains a large shareholder in ILC at 29% of outstanding shares.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Gary Schellenberg
President – TNR Gold Corp.

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434

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.

Friday, June 10, 2011

Dundee Securities Ltd. Initiates Analyst Coverage of Rodinia Lithium Inc. with target price of $1 (an increase of over 200% from todays price)

20 hours ago by Marketwire

Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF) is pleased to announce that Dundee Securities Ltd. ("Dundee") has initiated analyst coverage of Rodinia. For further information, please contact Mr. David Talbot at Dundee. Mr. Talbot can be reached by email at dtalbot@dundeesecurities.com or by telephone at (416) 350-3082.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains an inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this press release.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the initiation of the analyst coverage, impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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.

Contacts:
Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

SOURCE: Rodinia Lithium Inc.

mailto:info@rodinialithium.com
http://www.rodinialithium.com

Thursday, June 9, 2011

Rodinia Lithium Intersects High Grade Lithium and Potash and Provides Project Update on Salar de Diablillos

Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF

June 08, 2011 07:30 ET

Highlights:

- REVERSE CIRCULATION EXPLORATION DRILLING ON DIABLILLOS CONTINUES TO EXPAND RESOURCE AREA

- D-RC-18 INTERSECTS HIGH GRADE LITHIUM UP TO 700 mg/L AND POTASSIUM OF UP TO 7,700 mg/L

- DIAMOND DRILL BEING MOBILIZED TO SITE TO INITIATE DRILLING OF MONITORING WELLS AND DETERMINE PUMPING HORIZONS

- SEISMIC PROFILING OF THE SALAR DE DIABLILLOS UNDERWAY

- EVAPORATION PANS INSTALLED AND TWO YEARS WORTH OF WEATHER DATA AQUIRED

TORONTO, ONTARIO--(Marketwire - June 8, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce results from its continued reverse circulation drill program at its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. Continued drilling at Diablillos has resulted in further intersections of high grade lithium brine in the northwestern portion of the Salar, which management believes may have a positive impact on the recently defined resource estimate.

William Randall, President & CEO of Rodinia, commented "We are encouraged with high grade lithium results in areas that will have a significant impact on the potential of the property. DRC-19 shows that the high grade northwestern portion of the Salar is extensive and does not encounter fresh water on our property. This will be, in all likelihood, the focus of our development on the project and the location of our pumping test wells. This area coincides roughly with the high grade area defined by our auger drilling and includes such holes as D-RC-01 which intersected lithium values of up to 810 mg/l and returned averages of 713 mg/L lithium, 9,000 mg/L potassium, and 543 mg/L boron over the 120 metre drill hole depth (refer to Press Release dated September 17, 2010)."

DRC-18 intersected 54 metres averaging 647 mg/l lithium ("Li"), 739 mg/l boron ("B") and 7056 mg/l potassium (K) down to the bottom of the hole. This drill hole was collared in the north of the property outline towards the very west margin indicating mineralization right to the Salar margin to significant depths. The high grade brines encountered in this hole suggest that the northwestern portion of the deposit does not come in direct contact with fresh water sources, thus avoiding dilution problems in the event of sustained pumping in the future. In addition, the basements depths encountered exceed those predicted by the gravity survey.

Table 1 – Results from reverse circulation drill holes D-RC-18.

Drill Hole	From (m)	To (m)	Interval (m)	Li (mg/l)	K (mg/l)	B (mg/l)	Mg:Li	SO4:Li
D-RC-18	54	108	54	647	7056	739	3.68	19.96
zone open at depth

D-RC-18 intersected basement gneissic rocks at 88.5 metres. The basement is thought to be highly fractured resulting in a permeable unit with high grade lithium-potash brines. Flow rates in the fractured basement were higher or comparable to the predominantly sand and gravel lithologies found uphole.

Two more exploration holes were completed in the southernmost portions of the property on the Salar margins and/or off the resource area. These holes were designed to test the potential continuity of the brine past the defined resource. These two holes (D-RC-19 and D-RC-20) did not intersect significant mineralization with grades up to 140 mg/l lithium.

DIAMOND DRILLING & SEISMIC SURVEY CONTRACTS SIGNED, EVAPORATION PANS INSTALLED
Rodinia is also pleased to announce that it has mobilized a diamond drill to its Diablillos property. The contractor has ample experience drilling in the tough Puna plateau conditions within sedimentary basins. The diamond drill will help refine the geological model of the basin stratigraphy as well as determine optimal placement of the pumping wells to be employed during the pump tests. The Company is currently finalizing the layout of the test and monitoring wells and will commence drilling them within the upcoming weeks. A minimum of two drills will be active on this work program to ensure expeditious results.

In addition, the Company has engaged a contractor to complete seismic profiles of the entire property. The results of the survey are thought to aid in the interpretation of the basement depth and shape, structural geology, and determine the continuity of the relatively minor clay layers encountered during drilling. The intent is to properly isolate the three aquifers to further understand the effect of sustained production in the event of commercial production.

Ray Spanjers, Manager of Exploration of Rodinia, commented "We expect to significantly refine and improve our understanding of the Diablillos deposit with this work program in order to accelerate completion of the Preliminary Economic Assessment. We have also installed four evaporation pans which, in conjunction with over 2 years of weather data from the immediate vicinity of the Salar, will allow us to accurately model the evaporation process and ensure we maximize our lithium and potash recoveries."

A sampling procedure was enforced by management to ensure sample integrity during the drill program. Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted. Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment. After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine. Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m³ grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Related Articles:

6 reasons to own Rodinia Lithium stock.
Rodinia Lithium looks like the next prize
Large lithium deposits in Nevada
The commodity of the 21st century

Monday, June 6, 2011

Ballard fuel cells to power German auto giants new push!

Image via Wikipedia

Canadian Fuel Cells to Power German Autos2 hours ago by CNW Group

Daimler has announced that it will outfit its hydrogen fleet with fuel cells produced in Canada. Global engagement in this industry is steadily increasing. In Germany, initiatives like the Clean Energy Partnership (CEP) already have the biggest automakers worldwide onboard.

Both Toyota and Honda recently joined the likes of BMW, Daimler, Volkswagen, GM and Ford in the CEP. Chemical companies involved in hydrogen production and other stakeholders are also involved. Germany Trade & Invest is holding an investor event on June 7 in Vancouver to highlight business opportunities for international companies in Germany's budding fuel cell industry, especially in the growth regions of eastern Germany.

"Germany's economy is booming and the fuel cell industry is on the verge of a major breakthrough. International companies and government initiatives have created the optimal conditions for companies to prosper, especially in Germany's high-tech eastern regions," said Dr. Juergen Friedrich, Chief Executive of Germany Trade & Invest in Berlin.

Daimler, in a joint venture with Ford and Ballard Power Systems, has created a subsidiary called the Automotive Fuel Cell Cooperation (AFCC). At its site in Burnaby near Vancouver, fuel cells for the B-Class F-CELL and the Citaro FuelCell Hybrid city bus will be made. Dr. Andreas Truckenbrodt, CEO of AFCC, along with Geoff Budd of Ballard Power Systems, will highlight the latest developments and business opportunities in Germany at the June 7 event. Alongside some of the auto industry's top players,

Germany has simultaneously created an excellent framework for investors with generous public programs to support the further development and implementation of fuel cell technology. Funding of EUR 700 million has been made available so far - the biggest program of its kind in Europe. Last month the federal government announced a further EUR 200 million for research in storage technologies including fuel cells.

Germany already features over 300 companies and 65 research institutes specializing in fuel cell technology as well as 70 percent of Europe's fuel cell fleet. Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/06/c9652.html
SOURCE: Germany Trade and Invest
SOURCE: Auto News

Germany Trade & Invest Andreas Bilfinger Email:andreas.bilfinger@gtai.com T:
+49(0)30-200099-173 F: +49(0)30-200099-111

Thursday, June 2, 2011

China Closes Strategic Lithium Transaction in Latin America

10:04AM ET on Wednesday Jun 01, 2011 by Business Wire

In another sign of Latin America's growing strategic importance to China, SinoLatin Capital announced today the successful closing of Jiangxi Ganfeng Lithium Co. Ltd's ("Ganfeng Lithium") acquisition of 9.99% of International Lithium Corp. ("ILC") a company trading on the Canadian TSX Venture Exchange under the ticker symbol ILC. SinoLatin Capital served as advisor to ILC on the transaction. The strategic relationship agreement provides for, among other things, the right for Ganfeng Lithium to maintain and increase its percentage ownership in ILC, grants certain marketing and offtake rights and provides for ILC board representation.

Ganfeng Lithium is a China-based multi-product lithium manufacturer. It intends to provide ILC with significant current and future project development assistance capability including direct support towards the advancement of ILC's projects from both a financial and technical perspective.

This transaction highlights the strategic interests of Chinese firms in acquiring lithium exploration and mining operations in Latin America. In the past few years, demand for lithium has exploded along with the growth of lithium-ion battery technology in mobile phones, PDAs, laptops, and most recently electric vehicles. With global conservation efforts focusing on the mass production of environmentally-friendly electric vehicles, demand for lithium is projected to more than double by 2020. Most of the production needed to satisfy the market will come from the renowned South American 'Lithium Belt', an 800 by 300 km north-south strip centered on the junction of Argentina, Bolivia and Chile, which contains over 75% of the world's lithium reserves.

"From our vantage point in Shanghai, we believe that China is looking to become a global leader in the production of electric vehicles. This requires that the country go outbound to secure lithium supplies. The most logical and prolific place to go is South America," notes Erik Bethel, Managing Partner of SinoLatin Capital. "We are very pleased to have assisted International Lithium Corp. in securing the strategic development capital from Ganfeng Lithium to capitalize upon this unique opportunity. We worked very closely with ILC and are delighted to participate in its success as the Company advances its core projects and fulfills its mission of becoming a leading international lithium and rare metals explorer and developer," stated Mr. Bethel.

"We are delighted to partner with Ganfeng Lithium. We believe that China as a global growth center will play a major role in the dramatic increase in future demand for lithium. And our continued relationship with Ganfeng will provide an essential avenue for ILC to meet these future demands and to build shareholder value today," said Mike Sieb, President of International Lithium Corp. "SinoLatin Capital was instrumental in helping ILC forge this strategic relationship with Ganfeng. It has positioned us as one of the more credible and emerging companies focused in lithium exploration and development," he added.

"Lithium is becoming an increasing vital element that will be essential in the development of sustainable technologies to curb global warming emissions," noted Wang Xiaoshen, General Manager of Ganfeng Lithium. "We look forward to having additional Lithium supply source in the future from ILC to meet our growing demand for Lithium element."

About Ganfeng Lithium

Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a producer of Lithium products. The Company has developed a comprehensive lithium product chain, including lithium metal and alloys, as well as lithium chemicals for the primary and secondary lithium battery market, pharmaceutical market, and new material industries. Ganfeng's principal market is in China. The Company also exports products internationally to Europe, Japan, the US and India. Ganfeng Lithium was founded in the year 2000, was listed on the Shenzhen Stock Exchange in August 2010. As of May 31, 2011 Ganfeng has a market capitalization of approximately US$562.6 million.

About International Lithium Corp. (ILC: TSX.V)

International Lithium Corp. (www.internationallithium.com) is an international rare metals mineral exploration company possessing an outstanding portfolio of projects, strong management ownership, robust financial support and the acknowledgement of valuation from a prominent lithium product manufacturer. ILC currently has 9 active projects, well balanced between lithium brines in Argentina and Nevada and rare metals hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project in Argentina, a salar or 'salt lake', covering an expansive 160 km2, strategically encompassing the entire basin and ranking as one of the more prospective salars in the renowned South American 'Lithium Belt'. ILC's mandate is to increase shareholder value through aggressive advancement of its core projects and source joint venture partners to expand the scope and diversify risk of its exploration efforts.

About SinoLatin Capital

SinoLatin Capital (www.sinolatincapital.com) is the premier investment platform between China and Latin America. It is a financial advisory and private equity firm that creates value for clients and investors while encouraging sustainable economic development in both regions. Headquartered in Shanghai's financial district and with offices in New York and Lima, Peru, SinoLatin Capital is the first merchant-banking firm focused exclusively on cross border transactions between China and Latin America.

SOURCE: SinoLatin Capital

Friday, June 24, 2011

Ballard Power Systems making inroads in Germany as Germans avoid nuclear power.

Recent Articles:

Related articles

Customers

Thursday, June 16, 2011

TNR Gold concentrating on Gold, Silver and Copper projects after Spinoff of ILC.

TNR Gold Corporate Update Post Lithium Spinoff

Related articles

Friday, June 10, 2011

Dundee Securities Ltd. Initiates Analyst Coverage of Rodinia Lithium Inc. with target price of $1 (an increase of over 200% from todays price)

Related articles

Thursday, June 9, 2011

Rodinia Lithium Intersects High Grade Lithium and Potash and Provides Project Update on Salar de Diablillos

Highlights:

Related articles

Monday, June 6, 2011

Ballard fuel cells to power German auto giants new push!

Related articles

Thursday, June 2, 2011

China Closes Strategic Lithium Transaction in Latin America