Sichuan Chemical Issues $20 Million Strategic Investment Letter of Intent to Prospect Global Resources

Sichuan looking to expand relationship with PGRX

Sichuan Chemical Industry Holding (Group) Co., Ltd. (“Sichuan”) has issued Prospect Global Resources Inc. (“Company” or “Prospect”) a Letter of Intent indicating interest in up to a $20 million strategic investment in Prospect to further the development of the Company’s Holbrook Project. Prospect and Sichuan Chemical entered into a potash supply agreement in 2012.

Xiaojun Chen, Chairman of Sichuan Chemical’s Board of Directors, stated, “Sichuan has been looking for ways to deepen its cooperation with PGRX. We look forward to working with PGRX in order to bring its Holbrook Basic project to completion and Sichuan will continue to pursue additional avenues of cooperation going forward.”

Read more: Prospect Global Resources Inc ( PGRX )

Prospect Global Resources and Sichuan Chemical Sign $2-Billion-Plus, 10-Year Purchase and Sale Agreement for Potash

Landmark Deal Will Provide Sichuan Chemical with at Least 25% of the Output of American West Potash Project

 Prospect Global Resources, Inc. (PGRX) and Sichuan Chemical Industry Holding (Group) Co., Ltd. today jointly announced a more than $2-billion agreement, over a 10-year period, under which Sichuan will purchase at least 500,000 metric tons of potash annually, or 25% of the projected output of Prospect Global's American West Potash field in Holbrook, AZ.

The conservative deal valuation reflects current market prices of about $475 per metric ton for a total of 5 million metric tons. The contract is take-or-pay, backed by a letter of credit. The agreement also provides an option for American West to sell and Sichuan Chemical to purchase an additional amount of potash.

Read more: Prospect Global Resources Inc ( PGRX )

VANCOUVER, BC - October 16, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX-V:SVL)(NYSE MKT:SVLC) (the "Company") is pleased to announce production figures for the third quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico.

Third Quarter Production Highlights

    Silver produced oz: 151,368; 42% increase over Q3 2011
    Gold produced oz: 7,184; 18% decrease over Q3 2011
    Ore Tonnes crushed: 265,598; 10% increase over Q3 2011
    Silver oz to pad: 413,426; 5% increase over Q3 2011
    Gold oz to pad: 11,681; 35% decrease over Q3 2011

Read more: Mining Stock Breaking News: SilverCrest (TSX-V: SVL) ( NYSE MKT: SVLC) Announces Q3 Production...

Lithium Americas Receives Environmental Approval for the Construction of the Cauchari-Olaroz Lithium-Potash Project

Lithium Americas Corp. (LAC.TO)(LHMAF) ("Lithium Americas" or the "Company"), is pleased to announce that the Provincial Environmental Agency of Jujuy Province, Argentina ("UGAM") has recommended approval of the Environmental Impact Statement ("EIS") for the construction of the Company's Cauchari-Olaroz lithium/potash project. Lithium Americas has previously obtained definitive mining title as well as secured long term land use agreements with the five aboriginal communities on which its Cauchari-Olaroz mine will be built and the reserve estimate is calculated.

Read more: Lithium Americas Corp ( LAC )

 VANCOUVER, BRITISH COLUMBIA - May 7, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (SVL.V) (STVZF.PK) (STVZF.PK) (the "Company") is pleased to announce the results of a further 16 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program comprises an estimated 80 holes totaling approximately 15,000 metres. Phase II drilling to date has extended the Main Mineralized Trend ("Trend") an additional 500 meters to the northwest beyond the area of the current resource of 101.9 million ounces Ag Eq.(i) (see News release dated March 20, 2012). New results show the Trend expanding an additional 200 metres to the northeast and 100 metres to southwest with the average width increasing from 500 to approximately 700 metres along a strike length of 2,500 metres (see attached figure: here). Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Read more: TSX Mining News: SilverCrest (SVL.V) (STVZF.PK) Reports 127.4m @ 65.6 gpt Ag Eq(i) at La Joya...