Sovereign Lithium, Inc. Announces Change of Stock Ticker Symbol to SLCO
The stock ticker symbol change coincides with the Company's July 12, 2013 announcement of the Company's name change from Great American Energy, Inc. to Sovereign Lithium, Inc. as of that date.
As announced at that time, the Board of Directors determined the corporate name change would be in the best interest of its stockholders since the new name more accurately reflects the Company’s focus on lithium exploration and development.
Most recently, Sovereign Lithium announced the results of a Gravity Survey (i.e., gravimetric survey) on the Company's 7,680-acre Big Smoky Valley (BSV) Lithium Project on July 22, 2013. The Gravity Survey is the initial component of Sovereign Lithium's 2013 exploration program on the BSV property in and around Esmeralda County, Nevada. The survey's gravity model indicates the presence of a basin that extends over most of the claim block with depths exceeding 500 meters. The defined large catchment basin indicates a geologic structure that has a strong potential for the accumulation of lithium brine from several nearby sources. Sovereign Lithium is now planning, as the next step of its 2013 BSV exploration program, to have a controlled-source audio-magnetotellurics/magnetotellurics (CSAMT/MT) survey conducted by this fall in areas selected from the results of the gravity survey.
Sovereign Lithium's CEO, Felipe Pimienta, commented: "With our new company stock ticker now joining our new company name, we can bring all our attention on moving forward with our lithium-focused exploration efforts. Our expectation at this time is to have our CSAMT/MT survey completed this fall, and then to release the survey's results as soon as they are available. From there, we will decide how best to proceed with our Big Smoky Valley Lithium Project based on all exploration data acquired to that point."
Learn more about the Company and its recent news at Sovereign Lithium’s website: http://www.sovereignlithium.com.
ABOUT SOVEREIGN LITHIUM, INC.
Sovereign Lithium, Inc. is a publicly traded (OTCBB:SLCO) mineral exploration and development company focused on supporting America’s growing clean energy and clean tech industries. Based in Denver, Colorado, Sovereign Lithium is dedicated to responsibly identifying, acquiring and developing mineral assets in America and US-friendly countries. The Company’s portfolio of projects primarily targets lithium production with a sub-focus on rare earth elements (REE), both of which are essential to America's clean energy and clean tech industries. For more information on the Company and its activities, visit Sovereign Lithium’s website at www.sovereignlithium.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sovereign Lithium, Inc.
Felipe Pimienta, CEO
This press release includes certain statements that are forward looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Sovereign Lithium, Inc.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Sovereign Lithium Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Sovereign Lithium, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Sovereign Lithium, Inc.
Steve Carr, 1-800-673-5088
999 18th Street, Suite 3000
Denver, Colorado 80202