RSS Feed en-us Copyright (c) 2016 Inc. All rights reserved. 6/30/2016 6:28:40 AM <![CDATA[Alaris Royalty "SECTOR PERFORM" ]]>Wed, 29 Jun 2016 11:54:00 EST<![CDATA[Crude Stocks Fall, Prices Leap ]]>Wed, 29 Jun 2016 12:01:00 EST, June 29, 2016

Crude Stocks Fall, Prices Leap

Oil prices spiked on Wednesday after U.S. government data showed weekly crude stockpiles fell more than expected.

Figures released Wednesday by the Energy Information Administration showed U.S. commercial crude inventories declined by 4.1 million barrels to 526.6 million barrels in the week through June 24.

Data from the American Petroleum Institute released on Tuesday showed that U.S. crude inventories fell by 3.9 million barrels in the week to June 24, far more than the 2.4 million barrels expected by analysts.

Brent crude futures were up $1.09, or 2.2%, at $49.67 U.S. per barrel mid-morning Wednesday. U.S. crude climbed $1.11, or 2.3%, to $48.96 U.S. a barrel.

Gasoline stockpiles rose by 1.4 million barrels, while distillate fuel inventories decreased by 1.8 million barrels.

U.S. crude oil production fell by 55,000 barrels a day, according to preliminary weekly figures, after a decline of 39,000 bpd in the previous week.

<![CDATA[HP’s New Chromebook To Have Touchscreen]]>Tue, 28 Jun 2016 04:47:00 EST, June 28, 2016

HP’s New Chromebook To Have Touchscreen

HP Inc. (NYSE: HPQ) has announced the launch of its Chromebook 11 G5. The laptop includes a touchscreen, making it the first in the Chrome OS laptops in the 11-inch range to have this feature.

According to The Verge, the new Chromebook has been priced at $189. The company will start selling the new laptop through its channel partners in July. The company expects the new range to be more widely available from October onwards.

The base model includes a 11.6-inch screen and has a sub-HD display. It will include an option for an HD IPS touchscreen panel with Gorilla Glass, according to The Verge. The new laptop is 2.51 pounds in weight and includes a 1.6gHz Intel Celeron N3060. According to HP, the processor will have sufficient power to handle video calls and playback. The Chromebook has 11 hours of battery life, according to HP.

HP shares closed sharply higher in trading on Tuesday, rebounding from the sharp pullback seen in the previous two trading sessions. The stock closed more than 2% higher on Tuesday. In the last three trading sessions though, HP shares have fallen nearly 9%. Year-to-date, HP has been essentially flat.

<![CDATA[Economic Calendar]]>Thu, 30 Jun 2016 06:28:40 EST 2016


Wednesday, June 01, 2016 RBC Manufacturing PMI: 9:30am May The seasonally adjusted RBC Canadian Manufacturing PMI read 52.1 in May, above the neutral 50.0 mark and only fractionally lower than the 16-month high of 52.2 recorded in April. The RBC Canadian manufacturing PMI index remained in growth territory for April with a reading of 52.2 from a revised 51.5 previously. This was the strongest reading since December 2014.
Friday, June 03, 2016 Canadian International Merchandise Trade: 8:30am April Canada's exports increased 1.5% to $41.8 billion in April. Export prices were up 1.1% and volumes rose 0.5%. Imports increased 0.9% to $44.7 billion, as volumes were up 0.8% and prices edged up 0.1%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.2 billion in March to $2.9 billion in April. Canada's exports fell 4.8% to $41.0 billion in March. Export volumes were down 2.9% and prices fell 2.0%. Imports declined 2.4% to $44.4 billion, as prices were down 2.1% and volumes fell 0.3%. As a result, Canada's merchandise trade deficit with the world widened from $2.5 billion in February to a record $3.4 billion in March.
Tuesday, June 07, 2016 IVEY Purchasing Managers Index: 10:00am May The IVEY Purchasing Managers' Index came in at 49.4 in May, compared to 53.1 for April. The IVEY Purchasing Managers' Index came in at 53.1 for April, down from 50.1 in March and 58.2 for March 2015
Wednesday, June 08, 2016 Building Permits: 8:30am April The value of building permits issued by municipalities edged down 0.3% to $6.9 billion in April. This marked the second consecutive monthly decline and was largely the result of lower construction intentions in Ontario, Quebec and Nova Scotia. The total value of building permits issued by Canadian municipalities was down 7.0% to $6.9 billion in March, marking the second decline in three months.
Wednesday, June 08, 2016 Housing Starts: 8:15am May Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts fell to 188,570 units last month from a downwardly revised 191,388 in April. May's figure was short of economists' expectations for 190,000. Canada Mortgage and Housing Corp showed the seasonally-adjusted annualized rate of housing starts fell to 191,512 units in April from a downwardly-revised 202,375 units in March.
Thursday, June 09, 2016 New Housing Price Index: 8:30am April The New Housing Price Index rose 0.3% in April, following a 0.2% increase in March. The New Housing Price Index rose 0.2% in March, following an identical increase in February.
Friday, June 10, 2016 Labour Force Survey: 7:00am May Employment gained 14,000 or +0.1% in May. The unemployment rate declined 0.2 percentage points to 6.9%, the lowest rate since July 2015. Following an increase in March, employment was virtually unchanged in April, down 2,100, and the unemployment rate remained at 7.1%.
Wednesday, June 15, 2016 CREAstats - MLS Sales: 8:30am May The Canadian Real Estate Association reported national home sales dropped 2.8% in May, after setting new records in April. Actual (not seasonally-adjusted) activity was up 9.6% compared to May 2015. The Canadian Real Estate Association reports, national home sales in April rose to their highest level ever. National home sales rose by 3.1% from March to April. Actual (not seasonally-adjusted) activity was up 10.3% compared to April 2015.
Wednesday, June 15, 2016 Monthly Survey of Manufacturing: 8:30am April Manufacturing sales rose 1.0% to $50.4 billion in April, ending a two-month losing streak. Manufacturing sales fell 0.9% to $50.0 billion in March, a second consecutive monthly decline.
Thursday, June 16, 2016 Canada's International Transactions in Securities: 8:30am April Foreign investment in Canadian securities amounted to $15.5 billion in April, the fourth straight month of relatively strong activity. Meanwhile, Canadian investors acquired $4.7 billion of foreign securities, mainly debt instruments. Foreign investment in Canadian securities strengthened for a third straight month to reach $17.2 billion in March. Foreign acquisitions were mainly composed of securities issued by Canadian private corporations. Meanwhile, Canadian investment in foreign securities amounted to $2.3 billion and was led by U.S. corporate instruments.
Friday, June 17, 2016 Consumer Price Index: 7:00am May The Consumer Price Index rose 1.5% in the 12 months to May, after increasing 1.7% in April. On a seasonally adjusted monthly basis, the CPI increased 0.2% in May, matching the gain in April. The Consumer Price Index rose 1.7% in the 12 months to April, after increasing 1.3% in March. On a seasonally-adjusted monthly basis, the Consumer Price Index increased 0.2% in April, matching the gain in March
Monday, June 20, 2016 Wholesale Trade: 8:30am April Wholesale sales edged up 0.1% to $54.8 billion in April, after two consecutive monthly declines. Wholesale sales declined for a second consecutive month in March, down 1.0% to $54.6 billion. Lower sales were recorded in five of seven subsectors, led by the motor vehicle and parts subsector and the miscellaneous subsector
Wednesday, June 22, 2016 Retail Trade: 8:30am April Following a 0.8% decline in March, retail sales rose 0.9% to $44.3 billion in April. Sales were up in seven of 11 subsectors, representing 64% of total retail sales. Following gains in January and February, retail sales decreased 1.0% in March to $43.8 billion. Sales were down in six of 11 sub-sectors, representing 74% of total retail trade.
Thursday, June 23, 2016 Employment Insurance: 8:30am April In April, 538,400 people received regular Employment Insurance benefits, down slightly from the previous month In March, 545,700 people received regular Employment Insurance benefits, fewer by 2,400 or -0.4% from the month before.
Thursday, June 30, 2016 Average Weekly Earnings April --- Average weekly earnings of non-farm payroll employees were $960 in March, up 0.5% from the previous month. Compared with 12 months earlier, average weekly earnings increased 0.7%.
Thursday, June 30, 2016 Raw Materials Price Index: 8:30am May --- The Raw Materials Price Index increased 0.7%, led by higher prices for crude energy products.
Thursday, June 30, 2016 GDP: 8:30am April --- Real gross domestic product (GDP) grew 0.6% in the first quarter, following an increase of 0.1% in the fourth quarter of 2015. However, GDP decreased 0.2% in March, after edging down 0.1% in February.
Thursday, June 30, 2016 Industrial Product Price Index: 8:30am May --- The Industrial Product Price Index declined 0.5% in April. The decrease was led by lower prices for motorized and recreational vehicles, while higher prices for energy and petroleum products helped moderate the fall.
<![CDATA[Provincial, Municipal Debt Unsustainable: PBO]]>Wed, 29 Jun 2016 08:26:00 EST, Municipal Debt Unsustainable: PBO

The federal budget watchdog is warning about the growing level of net debt being accumulated by Canada's provinces, territories and local governments.

The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called sub-national governments -- currently at 32.5% of gross domestic product -- is projected to rise to more than 200% over the next 75 years.

The report warned that, at that level, debt service payments would reach 11% of gross domestic product

The sub-national outlook, which excludes the federal government, has worsened since last year due to increased spending projections for health care and public sector administration, the analysis said.

On the federal side, the office found the sustainability of Ottawa's fiscal outlook had deteriorated compared to 12 months ago. It does, however, expect the federal net debt to remain manageable and to be eliminated in 50 years.

The document also said the new government has also reduced federal fiscal room through changes to child benefits and its commitment to increase infrastructure spending.

But overall, the analysis said the combined fiscal path of the country's federal, provincial, territorial, local and aboriginal governments -- as well as their public pension plans -- was unsustainable.

During last year's election campaign, the federal Liberals vowed to balance the books by 2019-20 and to lower the country's net debt-to-GDP ratio in each year of their mandate to 27%, from 31.2% in 2015-16.

The ratio, also known as the debt burden, represents a government's capacity to pay back debt.

The Liberals' March budget, however, did not specify when Ottawa would eliminate the deficits and only projected the net debt-to-GDP ratio to start falling after the next election in 2020-21 -- and only to 30.9%

<![CDATA[Asia Rockets as Brexit Fears Ease]]>Wed, 29 Jun 2016 07:08:00 EST, June 29, 2016

Asia Rockets as Brexit Fears Ease

Asia markets closed higher on Wednesday, following gains across U.S. and Europe on Tuesday as jitters eased after the U.K.'s vote to leave the European Union spurred a $3-trillion U.S. post-Brexit global rout.

In Japan, the Nikkei 225 hiked 243.69 points, or 1.6%, to 15,566.83

In Hong Kong, the Hang Seng Index spiked 263.66 points, or 1.3%, to 20,436.12

The Japanese yen traded slightly weaker at 102.25 against the U.S. dollar as compared with levels near 102.00 on Tuesday afternoon local time. Major export stocks closed higher, with Toyota shares up 2.9%, Nissan up 2.3% and Honda higher by 1.7%.

A stronger yen is a negative for exporters as it reduces their overseas profits when converted into local currency.

Toyota on Tuesday said it was recalling 482,000 vehicles, which include model year 2010 to 2012 Prius vehicles, due to safety issues.

Electronics maker Sony said it expected its image sensor business will miss its revenue target for the 2017 fiscal year due to weakening global demand for smartphones. Sony forecast a revenue range of 1-1.05 trillion yen ($9.76-$10.25 billion U.S.) for the year starting April 2017.

Investors appeared to have shrugged off the news as Sony shares closed up 4.8%.

Gold also advanced, with spot gold up 0.7% at $1,321.40 U.S., but off its highs near $1,337.00 U.S. reached following the Brexit vote, when investors flocked to safety.

Australian banks staged a comeback, as the country's major banks advanced, with Westpac shares up 1%

In other markets

The Shanghai CSI 300 added 14.99 points, or 0.5%, to 3,151.39

In Korea, the Kospi added 20.14 points, or 1%, to 1,956.36

In Singapore, the Straits Times Index strode forward 36.2 points, or 1.3%, to 2,792.72

In Taiwan, the Taiex index gained 81.05 points, or 1%, to 8,586.56

In New Zealand, the NZX 50 climbed 87.63 points, or 1.3%, to 6,804.21

The ASX 200 recovered 39.12 points, or 0.8%, to 5,142.40

<![CDATA[Consumer Spending Stateside Tops Expectations]]>Wed, 29 Jun 2016 08:52:00 EST consumer spending rose for a second straight month in May on increased demand for automobiles and other goods, though there are fears Britain's vote to leave the European Union could hurt confidence and prompt households to cut back on consumption.

The U.S. Commerce Department said on Wednesday consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.4% last month, pointing to an acceleration in economic growth in the second quarter.

Consumer spending in April was revised up to show it advancing 1.1% instead of the previously reported 1% jump. Last month's increase in consumer spending was in line with economists' expectations.

When adjusted for inflation, consumer spending rose 0.3% after gaining 0.8% in April. That could prompt economists to raise their forecasts for second-quarter consumer spending and economic growth.

Consumer spending rose at a 1.5% annual rate in the first quarter, holding down gross domestic product growth to a 1.1% pace.

<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 EST Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016]]><![CDATA[Recovery Continues in Toronto]]>Wed, 29 Jun 2016 04:25:00 EST, June 29, 2016

04:25 PM EST
Recovery Continues in Toronto

Metals, Energy Prove Mightiest

Stocks in Toronto more than 1% on Wednesday, as higher oil prices boosted shares of energy companies and investors bought back into banks after the initial shock of Britain's vote to exit the European Union.

The S&P/TSX Composite vaulted 194.05 points, or 1.4% -- off its highs of the day -- to close Wednesday at 14,036.74, after a 150-point surge Tuesday.

The Canadian dollar gained 0.3 cents to 77.08 cents U.S.

Markets will be closed in Canada on Friday for Canada Day

Metals led the parade, as Teck Resources climbed 94 cents, or 6.1%, to $16.31, and First Quantum Minerals grew 35 cents, or 3.9%, to $9.24.

Energy gushed higher, as Baytex Energy sprang up 46 cents, or 6.4%, to $7.64, and Suncor Energy acquired 65 cents, or 1.9%, to $35.59.

In the consumer discretionary field, Richelieu Hardware advanced 29 cents, or 1.2%, to $25.15.

Among consumer staples stocks – the lone loser – Metro Inc. faded 56 cents, or 1.2%, to $44.95.


The TSX Venture Exchange prospered 13.85 points, or nearly 2%, to finish Wednesday at 721.10

All but one of the 13 subgroups were higher on the day, with metals and mining gaining 4.1%, energy up 2.9%, and consumer discretionary stocks stronger by 1.9%

The lone laggard was in consumer staples, lower by 0.2%.


U.S. stocks traded more than 1% higher Wednesday, helped by gains in oil prices, as global markets continued to recover from their post-Brexit plunge.

The Dow Jones Industrials soared 284.96 points, or 1.6%, to 17,694.68, with American Express leading advancers and Home Depot the only decliner.

The S&P 500 climbed 34.68 points, or 1.7%, at 2,070.77. Energy and health-care led all S&P 500 advancers as all sectors rose in afternoon trade

Both the Dow and S&P swung back into positive territory for 2016 in morning trade as the major averages recovered about half of their losses from the post Brexit selloff.

The NASDAQ Composite Index jumped 87.38 points, or 1.9%, to 4,779.25.

In U.S. economic news, pending home sales fell a more-than-expected 3.7% in May from the prior month, for a 0.2% year-over-year decline and the first annual drop in two years.

Consumer spending rose 0.4% in May. Personal income increased 0.2%

The Fed's preferred inflation measure of personal consumption expenditures price ex-food and energy rose 0.2% last month, or 1.6% over the 12 months through May.

U.S. crude oil futures extended gains to trade more than 2.5% higher after weekly crude inventories from the Energy Information Administration showed a greater-than-expected drawdown of 4.05 million barrels. Late Tuesday, the American Petroleum Institute reported a greater-than-expected drawdown of 3.9 million barrels.

Gains in oil were also supported by expectations of near-term supply shortages. In Norway, oil workers threatened to strike, while in Venezuela oil producers and refiners struggled with power outages and equipment shortages.

Prices for the 10-year Treasury were sharply lower, raising yields to 1.51% from Tuesday’s 1.46%. Treasury prices and yields move in opposite directions.

Oil prices gained $1.58 a barrel to $49.43 U.S.

Gold prices gained $5.80 to $1,323.70 U.S. an ounce.

<![CDATA[Stocks in Play: Fortune Bay Corp.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

10:0 AM EST - Fortune Bay Corp. : Announced that Wade Dawe, personally and through holding companies Kelligrew Inc., 0718187 BC Ltd., Brigus Capital Inc. and Wade K. Dawe Inc., acquired ownership of a total of 2,806,168 common shares of Fortune Bay Corp. in connection with the Transaction (as hereinafter defined), in accordance with the terms of the transaction agreement dated February 9, 2016 among, inc. Kneat Solutions Limited and the Issuer, pursuant to which, the Old Fortune has (i) spun-out its resources properties by way of a court-approved plan of arrangement in Ontario resulting in the creation of the Issuer; and (ii) acquired 100% of the issued and outstanding ordinary shares of Kneat by way of a concurrent scheme of arrangement in Ireland. Fortune Bay Corp. (T.FOR) shares were unchanged at 0.35.

<![CDATA[Stocks in Play: Amaya Inc. ]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

10:1 AM EST - Amaya Inc. : Announced that all resolutions considered at today's annual meeting of shareholders were approved by its shareholders. Amaya Inc. (T.AYA) shares were up $0.30 at 18.6.

<![CDATA[Stocks in Play: BrightPath Early Learning Inc.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

10:3 AM EST - BrightPath Early Learning Inc. : Has entered into a definitive agreement to acquire a portfolio of 20 early learning and child care centres in the Greater Toronto Area from the owners of Peekaboo Child Care Centre Inc. and subsidiary companies. Under the terms of the agreement, BrightPath will pay approximately $22 million, subject to adjustments, for approximately 2,500 licensed spaces in 20 early learning and child care centres located in the Regions of Peel and Halton, large and rapidly growing communities in the Greater Toronto Area. The addition of this capacity will increase the size of BrightPath's portfolio by 41%. BrightPath Early Learning Inc. (V.BPE) shares were up $0.07 at 0.35.

<![CDATA[Stocks in Play: Mitel Inc.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

10:4 AM EST - Mitel Inc. : and Polycom announced that the meetings of Mitel shareholders and Polycom stockholders to approve Mitel’s proposed acquisition of Polycom will take place today. Mitel Inc. (T.MNW) shares were up $0.02 at 7.94.

<![CDATA[Stocks in Play: Trimac Transportation Ltd.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

11:51 AM EST - Trimac Transportation Ltd. : Announced that it has obtained the necessary shareholder approvals to proceed with the arrangement under the Business Corporations Act (Alberta) pursuant to which Trimac is to be privatized. At a special meeting of Trimac shareholders held today, the shareholders passed a special resolution approving the arrangement, with over 97% of the total votes cast and over 89% of the votes cast under the minority approval requirements being in favour of the transaction. Trimac Transportation Ltd. (T.TMA) shares were down $0.01 at 6.22.

<![CDATA[Stocks in Play: Golden Dawn Minerals Inc.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

11:52 AM EST - Golden Dawn Minerals Inc. : Announced that the conditional approval of the transaction to exercise its option to acquire 100% of the Greenwood Project, consisting of a state of the art floatation Mill, the Lexington Mine, the Golden Crown Mine and all ancillary equipment and rolling stock, has been granted by the TSX.V. These assets are situated 10k.m. south of the city of Greenwood B.C. and 15k.m. from the Company's 100% owned May-Mac Mine. Golden Dawn Minerals Inc. (V.GOM) shares were down $0.005 at 0.18.

<![CDATA[Stocks in Play: Makena Resources Inc.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

11:53 AM EST - Makena Resources Inc. : Has entered into a share purchase agreement with DB Diamond Holdings Inc.. The assets of DB consist of 4,060 hectares prospective for diamonds in the Athabasca region of Saskatchewan in the direct vicinity of the De Beers diamond option from CanAlaska Uranium Ltd. Makena Resources Inc. (V.MKN) shares were up $0.01 at 0.04.

<![CDATA[Stocks in Play: Coronet Metals Inc.]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

03:45 PM EST - Coronet Metals Inc. : Has entered into an exclusive letter of intent with Jim Parks to acquire 60% of the Dixie Queen Gold Mine, also known as the Newell Prospect, in Cabarrus Country, North Carolina. The Dixie Queen Gold Mine is located on private land and 100% owned by Mr. Parks. The mine lies in the Charlotte belt of the North Carolina Piedmont about 20 miles east of Charlotte. Coronet Metals Inc. (V.CRF) shares were up $0.12 at 0.43.

<![CDATA[Stocks in Play: Espial]]>Wed, 29 Jun 2016 10:00:00 EST, June 29, 2016

03:46 PM EST - Espial : Today announced an agreement to acquire ARRIS’s Whole Home Solution (WHS) platform.The transaction will include: WHS infrastructure, client and server software solutions; a talented team of WHS development and operations personnel, primarily located in Kirkland, Washington; a 24x7x365 Network Operations Center (NOC) and two WHS cloud data center operations (geo redundant)/ ARRIS will continue providing media gateways, media players, support and solution delivery. Espial (T.ESP) shares were up $0.04 at 2.14.

<![CDATA[Former Rockwood Lithium President Appointed Chief Operating Officer of Lithium X]]>Wed, 29 Jun 2016 11:24:00 EST, June 29, 2016

Former Rockwood Lithium President Appointed Chief Operating Officer of Lithium X

- Morales was formerly President and CEO of Rockwood Lithium Latin America, which was acquired by Albemarle in 2014 for $6.2 billion USD

- Andres Barrientos named Project General Manager of South American operations

- Experienced operators will lead development of Sal de los Angeles deposit and assess new business opportunities

Lithium X Energy Corp. ("Lithium X", or the "Company") (TSX-V: LIX) (OTCQB: LIXXF) is pleased to announce that Mr. Eduardo Morales has been appointed Chief Operating Officer of the Company, effective June 28, 2016.

Mr. Morales is a chemical engineer with 36 years of experience who formerly built and operated one of the world's largest lithium brine operations. As President of Rockwood Lithium Latin America, he successfully led the development, commissioning and operation of Rockwood's Salar de Atacama project. His tenure with Rockwood Lithium ended with the company's sale to Albemarle Corporation for US$6.2 billion in 2014.

Mr. Morales previously served as General Manager overseeing construction and operations of both the ponding facilities at Salar de Atacama and lithium carbonate and lithium chloride plants in Antofagasta, Chile. He holds a Chemical Engineering degree from the University of Santiago, Chile.

"We are extremely pleased to welcome Mr. Morales as Chief Operating Officer," commented Brian Paes-Braga, Lithium X CEO. "His proven track record in building and successfully operating large scale lithium brine operations is a tremendous asset to our Company as we grow towards our goal of becoming a leading lithium producer."

"I am excited about the challenge of joining Lithium X and leading development of the Sal de los Angeles project at a time when lithium has emerged as such a crucial element for electricity storage," stated Mr. Morales. "The high quality of the brines found at Sal de los Angeles means Lithium X has the opportunity to bring this important battery-grade product to market quickly and at competitive costs."

The Company is also pleased to announce Andres Barrientos has been appointed Project General Manager of South American operations. Mr. Barrientos, a chemical engineer, was the Engineering & Research Superintendent of Rockwood Lithium in Chile until 2012 when he moved to BHP's Escondida, the world's largest copper mine. He also helped develop expansion and improvement projects including operational plants for lithium carbonate, lithium chloride and the study of new technologies for the production of lithium hydroxide.

"Eduardo and Andres join us at a pivotal time in the evolution of our principal project, with a clear focus on developing Sal de los Angeles into a world-class lithium brine operation," said Paul Matysek, Lithium X Executive Chairman. "Eduardo's decades of experience building and managing lithium operations dovetail admirably with our company-building mission."

Mr. Morales and Mr. Barrientos will also help Lithium X evaluate other new business opportunities as the company moves towards its goal of becoming a leading global lithium producer.

The technical information contained in this news release has been reviewed and approved by Lithium X's Vice-President of Project Development, William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101.

Lithium X granted a total of 1,570,000 options at an exercise price of $1.62 for a period of five years to Mr. Morales and other directors, officers and consultants of the Company.

The Company further reports that by mutual consent, the Binding Letter of Intent entered into between Lithium X and North South Petroleum Corp. ("North South") dated May 12, 2016 relating to the acquisition by North South of the CVL South Property from Lithium X has been terminated. Lithium X received $100,000 USD in this transaction.

About Lithium X Energy Corp.

Lithium X Energy Corp. is a lithium exploration and development company with a goal of becoming a low-cost supplier for the burgeoning lithium battery industry. Lithium X owns 50%, and has the option to acquire up to 80% of the Sal de los Angeles lithium brine project in the prolific "Lithium Triangle" in mining-friendly Salta province, Argentina. Sal de los Angeles is a well-known salar with positive historical economics, grade and size. Lithium X is also exploring a large land package in Nevada's Clayton Valley, contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle, the world's largest lithium producer. Lithium X is listed on the TSXV under the trading symbol LIX.

For additional information about Lithium X Energy Corp., please visit the Company's website at or review the Company's documents filed on Join the Company's email list at http://http//


"Paul Matysek"

Paul Matysek
Executive Chairman

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 news release.

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, including the business of the Company and the commencement of trading in the Company's shares. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements 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 forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Lithium X Energy Corp.

Brian Paes-Braga, President and CEO, Director, Tel: 604-609-5137, Email:; Investor Relations: Mario Vetro, Tel: 604-687-7130 ext. 105,

<![CDATA[Oil's Gains Work into Dollar Equation]]>Wed, 29 Jun 2016 09:45:08 EST
Experts expect a range today of $1.2943 to $1.3067 U.S.

The euro is trading in an 80-basis-point range this morning, as European Union leaders are meeting in Brussels for a second day. 'Bregret' seems to be the more fitting word now, as leaders are likely prepping for the exit conditions when a leader from the U.K. will be ready to negotiate. German Confidence Survey in July showed an improvement to 10.1, while the Consumer Price Index in July released mainly in line at 0.1% m/m and 0.3% y/y. The euro is currently trading at $1.4451 Canadian.

Observers expect a range today of $1.4397 to $1.4484 Canadian

The dust is settling and the pound is holding onto yesterday’s gain, but the future of the currency is still unpredictable and uncertainty will be the theme for now. Nationwide House Prices in June exceeded expectations printing at 0.2% m/m and 5.1% y/y. Lending in May also released better than expected, as Mortgage Approvals jumped to 67, 040 and Net Consumer Credit increased to 1.503 billion. The sterling is currently trading at $1.7447 Canadian.

The Australian and New Zealand dollars continue to make gains today as higher oil prices and global equities continue to lift overall market sentiment. WTI crude is up 0.82% this morning, trading around $48.00 U.S. per barrel. We’ll get crude oil Inventories today at 10:30 am ET. The focus then turns to U.S. unemployment and Chinese manufacturing data out this Thursday for more direction as there are no data scheduled for release from Australia and New Zealand this week.

Oil (WTI): $48.17

Gold: $1,318.45

Silver: $18.23

Copper: $2.1689

Dollar Index: 95.803]]>
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