NRG Metals Announces Closing of Non-Brokered Private Placement


August 1, 2019 / Vancouver, BC / NRG Metals Inc. (the “Company”) (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce that it has closed a non‑brokered private placement (the “Private Placement”) raising gross proceeds of CDN$883,950 by the issuance of 7,366,250 units (the “Units”) at a price of CDN$0.12 per Unit.

Each Unit will be comprised of one common share (the “Shares”) and one transferable common share purchase warrant (the “Warrants”).  Each Warrant will allow the holder to purchase one Share of the Company at a price of CDN$0.16 per Share for a period of five years from the date of closing of the Private Placement.

The Private Placement proceeds will be used for development for Argentina property and for general working capital.  All Shares to be issued are subject to a four month hold period.

The Company paid finder’s fees of 8% cash and 8% warrants to Canaccord Genuity Corp. and PI Financial Corp.

About NRG Metals Inc.

NRG metals is developing its flagship HMN Lithium Project which is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC at the Fenix lithium mine, some 12 kilometers south of the NRG project area.  The project is surrounded by ground now owned by POSCO, a Korean based lithium producer, as a result of its US$280 million purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production.

On behalf of the board of directors of NRG Metals Inc.:

Adrian F. C. Hobkirk,
President and CEO

T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.