trending Market Intelligence /marketintelligence/en/news-insights/trending/-OYwX49hSp9sy5gjHlO0Lw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bearing Lithium plans spinout of gold assets, Nev. lithium project

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Bearing Lithium plans spinout of gold assets, Nev. lithium project

Bearing Lithium Corp. said March 21 that its board approved a plan to spin off its stake in Commander Resources Ltd., its interests in exploration projects in Canada's Yukon Territory and a lithium project in Nevada into a newly incorporated subsidiary.

The company intends to seek a listing of the spinoff company's common shares on the TSX Venture Exchange.

Bearing will continue to hold its 17.7% stake in the Maricunga lithium joint venture project in Chile.

Under the terms, Bearing shareholders will exchange their existing common shares for shares in the new company and spinoff entity.

In connection with the spinout plans, Bearing will complete a nonbrokered private placement into the spinoff company comprising up to 2 million shares priced at 10 Canadian cents each.

The net proceeds will be used to fund the working capital of the spinoff company, the negotiation of potential joint venture opportunities for its exploration projects and potential future acquisitions.

The proposals will be put to a shareholders' vote at Bearing's 2018 annual general and special meeting, the date of which will be announced later.

Bearing President and CEO Jeremy Poirier said, "We believe the value of these assets is not reflected in the current share price of Bearing Lithium and see this as a way to create additional value for shareholders. The new vehicle will evaluate opportunities outside of the lithium space while Bearing Lithium retains its primary focus on the Maricunga project."

The company owns the HY Claims, BIG, VM and VBA gold properties in Yukon Territory.