Thursday, February 28, 2019

Can The US Avoid Foreign Energy Dependence? #Lithium Demand a Boon for Chinese and Australian Producers-(TSXV: $SLL.V) (OTCQX: $STLHF)(OTC: $BYDDF) (ASX: $GXY.AX), Tianqi Lithium Corp (SZ:002466)

Can The US Avoid Foreign Energy Dependence? #Lithium Demand a Boon for Chinese and Australian Producers-(TSXV: $SLL.V) (OTCQX: $STLHF)(OTC: $BYDDF) (ASX: $GXY.AX), Tianqi Lithium Corp (SZ:002466)





Point Roberts WA, Delta BC - February 28, 2019 - Investorideas.com, a leading investor news resource covering AI and lithium stocks concludes our two-part series looking at the increased demand for lithium for EV’s and the effect it has on the global market .

The Houston Chronicle recently reported on the possible foreign energy dependence lithium could create for the US as, “Australia and Chile are the largest producers and lithium mines have already increased production, creating a surplus that sent prices of the metal crashing down last year. But the long-term outlook is strong for demand and prices, analysts maintain.”


“The demand for lithium isn’t really in question, it’s just a matter of when that demand really kicks in,” an analyst at Benchmark Mineral Intelligence told Reuters last year. “You just have to look at the number of battery factories that are being built around lithium-ion technology.”

The US is not sitting idly by though as Senator Murkowski discussed in a recent Energy and Minerals Hearing. In her opening remarks she stated, “Over the past several years our committee has sought to call attention to the reliance on foreign nations for our minerals. The administration has taken several important steps but we must compliment their actions with our own legislative actions…”

When speaking to Simon Moores and asking questions for how the US can move to the forefront for battery materials and minerals “We can’t afford to be a bystander when we are looking at the future…so much of this goes back to investment.”


Standard Lithium Ltd. (TSXV: SLL.V) (OTCQX:STLHF) has no plans to remain a bystander. The specialty chemical company is focused on unlocking the value of existing large-scale US-based lithium-brine resources and believes new lithium production can be brought on stream rapidly by minimizing project risks at the selection stage (resource, political, geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and processes.

Securing their technology, Standard Lithium just announced they filed a patent application with the U.S. Patent and Trademark Office covering the Company’s novel process for the recovery of Lithium from brine. The patent applications covers technology the Company and its Scientific Advisory Team have developed.

The company  is now  funded for future growth  with news  announced it entered into a funding equity agreement for gross proceeds of $10,500,000 CAD.

Foreign competition is fierce though as BYD Company LTD. (OTC:BYDDFrecently announced plans for a new battery gigafactory to support its ambitious electric vehicle plans in China which will be able to produce 20 GWh of battery cells for its electric vehicles.       
                   
The company is investing 10 billion yuan (~$1.49 billion USD) in the facility located in southwest China’s Chongqing Municipality.

At an output 20 GWh, it would make BYD’s new factory one of the largest battery factories in the world.

BYD also reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world's biggest auto market, for example Tesla’s own Gigafactory 1 in Nevada, which is currently believed to be the largest battery cell factory in the world, has an estimated output of about 35 GWh per year.

Tianqi Lithium Corp. (SZ:002466), one of the world’s top 3 lithium producers, after more than half a year, recently closed its deal to purchase a 23.77% stake in rival Sociedad Quimica y Minera de Chile SA after clearing several regulatory hurdles.
This $4.1 billion deal is seen by some as a risky move as Tianqi, which has around 12 billion yuan ($1.77 billion) in assets, relied on leverage to make the investment.
“The tie-up with SQM is a hard-won deal, and we are looking at the fast development of the lithium industry over the next five to 10 years,” said Wu Wei, the company’s President, in an interview with Caixin (link in Chinese).
The hype for lithium is helping many company stocks rally such as Galaxy Resources Limited (ASX:GXY) who reported their quarterly results for the three month period ending December 31st, 2018. The company reported closing cash and liquid assets of 41.4 million USD and zero debt.
The company also included a market analysis commenting that “Market indicators observed throughout Q4 2018 were illustrative of the robustness of the maturing lithium market. Domestic lithium chemical prices within China plateaued, following several periods of retreat, which many have interpreted as signaling the bottom of the pricing cycle within this region. Key indicators point to a more buoyant market environment throughout 2019 with Chinese domestic prices for lithium stabilizing during the last quarter and the combination of strong demand growth and supply challenges to support a favorable market moving forward.”
US companies like Standard Lithium may have their work cut out for them in 2019 as Australian and Chinese producers also race to meet the demand the EV sector is placing on lithium. There is a new global energy race for lithium, and it’s a race which everyone is hoping to win.

Investor Ideas directory of lithium stocks:  mining stocks directory and cleantech stock directories, relating to batteries. 

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Wednesday, February 27, 2019

#Lithium Stock News - QMC (TSX.V: $QMC.V) (FSE: 3LQ) (OTC: $QMCQF) VISUALIZES SPODUMENE AS DIAMOND DRILLING CONTINUES AT THE IRGON LITHIUM MINE PROJECT



#Lithium Stock News - QMC (TSX.V: $QMC.V) (FSE: 3LQ) (OTC: $QMCQF) VISUALIZES SPODUMENE AS DIAMOND DRILLING CONTINUES AT THE IRGON LITHIUM MINE PROJECT

Vancouver, British Columbia, February 27, 2019 (Investorideas.com Newswire) QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to announce that with diamond drill and support crew on-site, the first phase of holes has been completed at the Company’s 100%-owned Irgon Lithium Mine Project located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E. Manitoba, which also hosts Cabot Corporation’s nearby Tantalum Mining Corporation of Canada (“TANCO”) rare-element pegmatite.

Visual spodumene was reported by QMC on-site personnel and the core has been moved to a secure, off-site location for logging, cutting and sampling.


QMC is currently in the process of completing Phase One of a two-phase drill program designed to confirm and subsequently expand the historic resource published for the Irgon Property (1.2 million tons grading 1.51% Li2O as previously calculated for Lithium Corporation of Canada (“LCOC”)).  Phase One of the QMC program consists of 1500m of NQ drilling in 12 holes.  The first eight holes will confirm grades and widths documented by the historic 1953/54 drill results.  These data, obtained in the 1950s, were derived from sampling of pegmatite intersections in the core from 25 historic drill holes and from underground channel samples that were taken across the dike from within the currently inaccessible, water-filled workings.  The remaining four proposed holes will chase the Irgon Dike westward from the area hosting the original resource to test the spodumene-bearing pegmatites identified as the Western Extension of the Irgon Dike, thus confirming the westward continuity of the Irgon Dike.

With the results of the Phase One drilling in hand, QMC has instructed its consultant, SGS Canada, to produce an updated NI 43-101 compliant inferred resource for the central, previously developed, section of the Irgon Dike.  In addition, both QMC and SGS expect the drill testing the newly identified, westward extension of the Irgon Dike to add additional inferred tonnage to the historic resource published by LCOC for the property.  

As with the previous Irgon channel sampling program, QMC will request analysis for 56 elements using a sodium peroxide fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES / ICP-MS).

The Phase Two program, designed to test additional targets on the property, will follow.

HISTORICAL RESOURCE
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor the QP has any reason to contest the document’s relevance and reliability. The detailed channel sampling and a subsequent drill program will be required to update this historical resource to current NI 43-101 standards.
Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.

During this historical 1950s era work program, a complete mining plant was installed on-site, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. On the 61-metre level, lateral development was extended off the shaft for a total of 366 meters of drifting, from which seven crosscuts transected the dike. The work was suspended in 1957 awaiting a more favourable market for lithium oxides. During this time, the mine buildings were removed.

The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified person as defined by National Instrument 43-101.

About the Company
QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The Company’s properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba. For more information, visit the company’s website at www.QMCMinerals.com

On behalf of the Board of Directors of QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact:
Suite 440 - 755 Burrard Street,
Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 

Investor Ideas directory of lithium stocks:  mining stocks directory and cleantech stock directories, relating to batteries. 

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s

Smart Money in the #Lithium Sector Betting on Future Global Demand; (NYSE: $ALB) (TSXV: $SLL.V) (OTCQX: $STLHF) (NASDAQ: $TSLA) (TSX: $NMX.TO) (OTC: $NMKEF)

Smart Money in the #Lithium Sector Betting on Future Global Demand; (NYSE: $ALB) (TSXV: $SLL.V) (OTCQX: $STLHF) (NASDAQ: $TSLA) (TSX: $NMX.TO) (OTC: $NMKEF)




Point Roberts WA, Delta BC – February 27, 2019 -Investorideas.com, a leading investor news resource covering AI and lithium stocks issues the first article in a two-part series looking at the increased global demand for lithium and how smart money is betting on its long-term growth.


Leading the bullish sentiment is the world’s largest producer of lithium, Albemarle Corp. (NYSE: ALB), reporting fourth quarter results on February 20th, with a headline of ‘ALBEMARLE ENDS 2018 STRONG; PROJECTING CONTINUED GROWTH IN 2019’.
Fourth quarter net sales were $921.7 million, an increase of 7% over the prior year; earnings were $129.6 million, or $1.21 per diluted share, an increase of 162% over the prior year. Fourth quarter adjusted EBITDA was $264.3 million, an increase of 8% over the prior year; adjusted diluted earnings per share was $1.53, an increase of 14% over the prior year.
The long term investment potential of lithium is not being missed by Standard Lithium Ltd. (TSXV: SLL.V) (OTCQX:STLHF), a specialty chemical company focused on unlocking the value of existing large-scale US based lithium-brine resources, who recently announced it has entered into a funding equity agreement with a syndicate of underwriters led by Canaccord Genuity Corp., for gross proceeds of $10,500,000 (CAD).

The net proceeds from the Offering are expected to be used by the Company for advancing its existing asset portfolio and for general working capital purposes. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations utilizing the Company's proprietary selective extraction technology based on AI (artificial intelligence) technology.

Looking at the outlook for the sector, Zacks Research reported following Albemarle’s fourth quarter numbers, with the headline ‘Lithium ETF at One-Month High: Here's Why’, “Such upbeat guidance and facts boosted investors’ confidence about lithium demand. Albemarle’s results acted as a cornerstone for the industry. Shares of other key lithium producers also gained on Feb 22.”
Albermarle is part of the top 10 holdings of the Global X Lithium & Battery Tech ETF, a fund that invests in the full lithium cycle, from mining and refining the metal, through battery production. Other companies in their top ten include FMC Corp., LG Chem Ltd., Byd Co., Samsung, GS Yuasa Corp., Enersys, Panasonic and Tesla Inc. (NASDAQ: TSLA).
Looking at supply and demand, Tesla says, “To ramp production to 500,000 cars per year, Tesla alone will require today’s entire worldwide supply of lithium-ion batteries.”

So, Tesla bet big money and in 2014 began construction on the Tesla Gigafactory to supply enough batteries to support Tesla’s projected vehicle demand.

BYD Company Limited, the Chinese leader in the EV game is following suit, albeit a few years later, and just announced it has broken ground on a new 20 GWh battery gigafactory for electric cars, investing $1.49 billion USD in the facility.

The lithium market has not been without its setbacks though, as Nemaska Lithium Inc. (TSX: NMX.TO) (OTC: NMKEFrecently announced that it has terminated its multi-year supply agreement with Livent Corporation. The Supply Agreement pertains to the provision of up to 8,000 tonnes per year (28,000 tonnes in total during the term of the contract) of lithium carbonate starting April 1, 2019.

While some see this a major issue, one news article stated that,  “Growing evidence points toward a supply-side which will continue to struggle to deliver as Nemaska Lithium Inc. move to terminate a multi-year agreement to provide lithium carbonate to Livent Corp. The deal with Livent, spun out of major US lithium producer FMC Corp., saw Nemaska provide up to 8,000 tpa of lithium carbonate starting in April 2019. However these examples only serve to highlight supply instabilities across an infant industry.”

Looking at the recent volatility in the sector, while seeing a bullish future, Metalbulletin.com reported, “While the supply side is weighing on sentiment, the demand side of the equation remains extremely bullish - and increasingly so.”

Demand for lithium is without question on the rise in the near and far reaching future, and while the industry has suffered minor blips and supply instabilities, smart money is betting on a bullish future for lithium and the stocks in the sector, with a leader Albemarle and juniors like Standard Lithium doubling down on what is looking like a sure thing.

Investor Ideas directory of lithium stocks:  mining stocks directory and cleantech stock directories, relating to batteries. 

About Investorideas.com
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this article featuring Standard Lithium is a paid for service on Investorideas.com – third partyLearn more about costs and our  services https://www.investorideas.com/News-Upload/
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Tuesday, February 26, 2019

Charging Ahead with #EV Growth Beyond Cars; #Lithium-ion Batteries will Continue to Dominate; (NASDAQ: $TSLA) (NYSE: $ALB) (CSE: $TOP.C) (OTCQB: $ENRT) (NYSE: $SU)

Charging Ahead with #EV Growth Beyond Cars; #Lithium-ion Batteries will Continue to Dominate; (NASDAQ: $TSLA) (NYSE: $ALB) (CSE: $TOP.C) (OTCQB: $ENRT) (NYSE: $SU)




Point Roberts WA, Delta BC – February 26, 2019 - Investorideas.com, a global investor news source covering lithium and cleantech stocks issues a snapshot looking at how the EV market is on an exponential growth curve, fuelled by both policy and consumer demand.

“China is charging full speed ahead into electric vehicles, on track to sell over 2 million electric vehicles this year, from 1.1 million in 2018”, says Cleantechnia.

IDTechEX says the demand for EV trucks and buses has only just started, especially in China. Lithium-ion batteries will continue to dominate according to the report. “In a series of waves, the storage demand is powering upwards to over $200 billion in 2029 with buses and delivery vans already well into electrification.”


When discussing EV’s and lithium demand, one company “driving” the conversation is Tesla Inc. (NASDAQ:TSLA). Tesla has been on an upward push the last two years; for the three months ended September 30th, 2018 vs September 30th, 2017 Tesla reported revenue of $6.8MM vs $2.9MM, up 128.65%, with the estimated EPS forecast for the next fiscal year being $6.13 and is expected to report on January 29th, 2020.

The success of Tesla has allowed lithium extractors and producers to ride the same wave of success, but will there be enough lithium fast enough to meet market demands, and if so which company will take the lead?

Albemarle Corporation (NYSE: ALBreported very positive results just last week for Q4 and the 2018 financial year. Fourth quarter net sales were $921.7 million, an increase of 7% over the prior year; earnings were $129.6 million, or $1.21 per diluted share, an increase of 162% over the prior year.

"2018 was a successful year for Albemarle on many fronts. Excluding divested businesses, we delivered full year, total company adjusted EBITDA growth of 17%, adjusted diluted EPS growth of 23% and we finished the year strong as all of our reportable segments delivered growth in the fourth quarter. In addition, we returned significant value to shareholders through increased dividends of $145 million and $500 million in share repurchases, while continuing significant growth investment in our Lithium platform," said Luke Kissam, Albemarle's CEO. "Lithium contributed just over 50% of our adjusted EBITDA, driven by 10% volume growth and 9% pricing compared to 2017."

Less than 1.5 miles from Albemarle’s Silver Peak Project, Enertopia Corporation (OTCQB: ENRT) (CSE: TOP) recently announced an update on their synthetic solution testing.

Since Fall 2018, Enertopia has been running tests to recover lithium in the most cost-effective manner from synthetic brine solutions produced by leaching surface, lithium bearing claystones.  To date, 32 solution tests have been run to create a database that forms the building block for upcoming solution tests.

Their 3rd phase of solution testing is expected to be in full swing by early March 2019 and will use drill core material from the diamond drill holes from their recently completed drilling program and will consist of 49 different sample intervals covering 397 feet of core.

Pre-pH adjustments have demonstrated positive outcomes as contaminant minerals are greatly reduced allowing for a cleaner synthetic lithium brine to be processed using off the shelf technologies and variants developed by Entertopia. 

The company's technical advisors believe the positive testing to date may warrant patent protection and thus the Company is keeping all internal data strictly confidential at this time. The Company has signed several NDA’s with industry partners as it works to reaching its goal of a low capex solution to battery grade lithium production.

“With our positive drill program completed, our focus and energy can turn to our solution testing of the drilled lithium horizons. We continue to strive for a low-cost mining and processing solution to unlock the potential value of the Lithium enriched claystones,” stated CEO, Robert McAllister.

Big and small investors are taking note of the traction the lithium market is gaining, including Warren Buffet and Berkshire  Hathaway who recently disclosed a 0.7% stake on February 14th into Suncor Energy Inc. (NYSE: SU) . And why?  It fits into his EV strategy; one he started years ago with BYD, that has grown to become China’s biggest sellers of EV’s.  

Suncor just announced that Petro-Canada, a Suncor business, is building a network of electric vehicle (EV) fast charging stations across the country. “With more than 1,800 retail and wholesale locations across the country we have the network in place to build Canada’s first electric highway, providing coast-to-coast EV charging for our customers. We’re also investing in the fastest charging EV technology available today, which will be able to easily upgrade as technology advances.”   

With more positive financial results and improved extraction technology like Enertopia is working on, EV’s and lithium are finally on point to replace the energy technology of the past; oil and gas.

Investor Ideas directory of lithium stocks:  mining stocks directory and cleantech stock directories, relating to batteries. 

About Investorideas.com
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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Monday, February 25, 2019

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces More High-Grade In-Fill & Expansion Drill Results


#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces More High-Grade In-Fill & Expansion Drill Results

·        1.4 Metres at 15,839 gpt AgEq
·        5.1 Metres at 2,174 gpt AgEq
·        6.5 Metres at 1,586 gpt AgEq



Vancouver, British Columbia - February 25, 2019 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.VNYSE American: SILV) ("SilverCrest" or the "Company") SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to report further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. The 19 reported in-fill and expansion drill holes in this news release were targeting mineralization in the Babicanora Vein, Babicanora Norte ("Babi Norte") Vein, the Babicanora Footwall ("Babi FW") Vein and the Babicanora Hangingwall ("Babi HW") Vein (see attached Figures). While targeting mineralization in the Babi Norte Vein, the Company has discovered a new vein named "Babi Vista", the ninth vein out of 30 veins in the district.


N. Eric Fier, CPG, P.Eng, and CEO, remarked, "The Company's in-fill drill program at Babicanora continues to deliver drill intercepts with better than expected widths and grade. These results demonstrate that the two previously announced multi-kilogram per tonne shoots (shoots 43 and 51) now appear to be one continuous shoot ("Shoot 51"). Holes BA19-132 and 133 have also expanded the footprint of the high grade shoot towards the surface. Shoot 51 now has an estimated dimension of 300 metres long by 125 metres high. In-fill drilling targeting the Babicanora Vein also confirmed and expanded high-grade mineralization within the Babi FW and Babi HW veins, while expansion drilling targeting the Babi Norte Vein resulted in the Babi Vista discovery. The Company has now identified five veins averaging 150 metres apart in the Babicanora area, all of which have the potential to be accessible from the ongoing exploration decline. The Company is scheduled to intersect Shoot 51 in H2, 2019 and plans initial development of 800 metres along the strike of the high-grade mineralization in Area 51. This planned decline helps to further de-risk Area 51 with bulk sampling and provides meaningful information for the engineering studies. These new results will be part of the next resource update, which we expect to announce in March, 2019".

The most significant result for this release in is Hole BA18-133 which intersected 1.4 metres (estimated drilled width) grading 64.25 gpt gold (or "Au") and 11,020 gpt silver (or "Ag"), or 15,839 gpt silver equivalent ("AgEq", based on assumptions defined in the table below). Also noteworthy are holes BA18-132, at 5.1 metres grading 11.47 gpt Au and 1,313.8 gpt Ag, or 2,174 gpt AgEq, and BA18-131 at 6.5 metres grading 9.99 gpt Au and 836.7 gpt Ag, or 1,586 gpt AgEq. The following table summarizes the most significant drill intercepts (uncut, undiluted) for this release;




Babi FW Vein In-Fill Drill Intercepts:


Babi HW Vein In-Fill Drill Intercepts:


Babi Norte Vein Expansion Drill Intercepts:


Babi Vista Vein Drill Intercepts:


Note: all numbers are rounded. Based on a cutoff grade of 150 gpt AgEq with 0.5 metre minimum width. Babi FW Vein intercept in hole BA18-122 was noted as part of Babicanora Vein. Babi Vista Vein intercepts BAN18-14, 30, 33 and UBN18-03 were previously reported in various news releases as unknown veins.

*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.

**True width is 80 to 100% of drilled width.

***UB signifies an underground drill hole.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

For the Babicanora Vein, Hole BA18-127 was lost downhole and BA18-129, 130, 136 to 138, 140 and 141 are below the Company's cutoff grade of 150 gpt AgEq for Las Chispas. Assay results "cutoff date" for this release was February 8, 2019. The same cutoff date for the upcoming resource estimate. Assay results for hole BA18-135 will be reported in due course as they were not received before cutoff date. For the Babi Norte Vein, holes BAN18-41, 42, 44 to 49, 52, and 55 are below the Company's cutoff grade of 150 gpt AgEq.

In-fill and expansion drill results for Babi FW Vein and Babi HW Vein show confirmation and expansion of previously announced high-grade footprints (see attached Figures and news release dated January 9, 2019). Drill results for the Babi FW Vein have increased the high-grade mineralized footprint (discrete zones) from 900 to 1,200 metres. Both Babi FW and Babi HW veins are sub-parallel to the adjacent Babicanora Vein at a distance of 3 to 30 metres. These veins are related to several discrete high-grade zones (shoots) representing intersections of cross-cutting structures similar to all other drill-tested veins in the district.

Expansion drilling on the Babi Norte Vein has increased the high-grade mineralized footprint (discrete zones) from 900 metres to 1.2 kilometres. The "Babi Vista" Vein was previously considered part of Babi Norte; however, with further drilling, Babi Vista has been identified as a separate new vein which may be the extension of the Granaditas Vein or a splay of Babi Norte Vein (see attached Figures). Babi Vista is considered the ninth discovered vein of the known 30 veins in the district.

A total of 58 in-fill and expansion holes have been completed in the Babicanora veins since the September 13, 2018 resource estimate. Since that date, 39 in-fill holes in Area 51 high-grade footprint show an estimated weighted average (true width, uncut, undiluted) of 3.5 metres grading 11.30 gpt Au and 1,093.3 gpt Ag, or 1,941 gpt AgEq. For comparison, in the September 13, 2018 resource estimate, Area 51 had an estimated weighted average true width of 2.7 metres, grading 7.13 gpt Au and 614 gpt Ag, or 1,148 gpt AgEq.

The Company continues its Phase III exploration program with 12 drills operating on site. Drills are focused on expanding mineralization and improving the resource confidence through in-fill drilling (25 to 35 metre spacing) to reclassify Inferred Resources to Measured and Indicated. The assay cutoff date for the imminent resource update was February 8, 2019. The upcoming resource update for the Las Chispas Project is being prepared by Tetra Tech Canada Inc. ("Tetra Tech"). For the upcoming resource, Tetra Tech intends to apply a minimum vein width of 0.5 metres to the veins in the Babicanora area for modelling, a decrease from a minimum width of 1.5 metres used in the September 2018 Resource Estimate. An additional 40,000 to 50,000 metres of infill and expansion drilling are planned for H1, 2019. Other ongoing site work includes the PEA study expected in early Q2, ground breaking for the Area 51 decline, an extensive metallurgical test program, testing large diameter wells for site water, and permitting for various additional work.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.



Figure 1: Long Section (Inclined) of Babicanora Vein Las Chispas Property, Looking Southwest


Figure 2: Long Section (Inclined) of Babicanora Vein Area 51, Looking Souhwest (Insert)




Figure 3: Long Section (Inclined) of Babicanora Footwall Vein, Looking Southwest


Figure 4: Babicanora Norte Long Section Looking Southwest


Figure 5: Transparent 3D of Babicanora Area with Veins (Looking Northwest)


Figure 6: Las Chispas District with Babicanora Plan Map, February 2019

ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARDLOOKING STATEMENTS
This news release contains "forwardlooking statements" within the meaning of Canadian securities legislation. Such forwardlooking statements concern the intended use of proceeds and the scheduled closing date for the Offering. Such forwardlooking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forwardlooking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forwardlooking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.


N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:
SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone:+1 (604) 694-1730
Fax:+1 (604) 357-1313
Toll Free:1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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