One World Minerals Inc. is a lithium and silver/gold exploration and development company.
The Company controls and can earn up to a 90% working interest, in the Salar del Diablo Lithium Project in Baja California Norte, Mexico, approximately 80 miles south of the U.S. border. The project covers a salar that’s 75,000 hectares or 750 sq. kilometres. Twenty-four surface samples assayed an average of 74 parts per million lithium across 74 miles. After additional geochemical and geophysical testing, the Company will drill-test Salar del Diablo this November.
The Company’s lead geologist, John Hiner, discovered Salar del Diablo and directs the Company’s exploration. Mr. Hiner is a leading lithium explorationist since 2009, with eight discoveries – five of which have become mines – in various metals.
One World Minerals also has the right to purchase a 100% working interest in the high-grade silver and gold Mogollon Mine in northwest New Mexico. The mine earlier produced 305,000 oz. gold and 17 million oz. silver and stopped in ore. The Mogollon Mine has the potential to host more than 1,000,000 oz. of gold and 100,000,000 oz. of silver.
One World Minerals is an investment opportunity with a C$1.5 million unit offering of one share at a cost of $0.25 and a full warrant for two years at a cost of $0.50 cents, offering period until August 20, 2017. Additional information about the company, the management, the share structure, the projects and the private placement is on the following screens.
Legal: Clark Wilson, LLP
Auditor: BDO Canada LLP
Transfer Agent: Computershare
Bank: Bank of Montreal
Terms of The Private Placement
62 million shares are in a voluntary pooling agreement with releases over the next 18 months
Exploration Budget (September 1st 2017- January 31st 2018)
PLEASE NOTE THAT TOTAL COSTS TO END OF DRILLING IS $ 1,200,000, WELL WITHIN THE CURRENT OFFERING OF $ 1,500,000.
Because of the immense size of the project, we have elected to concentrate first on the north part of the property, where recent sample results were consistently anomalous in potentially economic lithium and potassium values. The phased budget set forth below is designed to identify and develop the lithium brines in the north area only. The north
area comprises about 1/3 of the claim block. With success and continuing development of the north part of the project, concurrent additional funds will be required to further explore and develop the remainder of the property, but a full budget for the entire project has not yet been prepared.