Legend International Holdings, Inc (OTCBB:LGDI) reached up 12.16% in morning trading to $.83 with 53K shares traded. Legend is working to develop and mine its phosphate deposits, with a phased implementation plan to become one of the world's leading suppliers of Phosphate and Fertiliser products. Legend International Holdings, Inc (OTCBB:LGDI.ob - News) announced today positive and robust results from the expanded feasibility study (1.2 million tonnes per annum of mono-ammonium phosphate (MAP) and di-ammonium phosphate (DAP)) for Legend’s Paradise Phosphate Project conducted by Wengfu Group Ltd of China (“Wengfu”). The results of the feasibility study have confirmed that an expanded development scenario of the project is technically and economically viable and reports a stronger internal rate of return and significantly higher net present value than the base case (600,000 MAP/DAP tonnes per annum as reported in July 2010). The financial model is robust across a number of market scenarios.
First Corporation (OTCBB:FSTC) reached up 8.25% in morning trading to $1.05 with 240K shares traded. First Corporation was incorporated under the laws of the State of Colorado on December 27, 1995. The Company's activities to date have been limited to organization and capital formation. First Corporation (OTCBB:FSTC - News) has completed a Securities Purchase Agreement with Investa Securities Limited as arranged by the Company's newly engaged business development consultant Thomas J. Wikstrom.
Lithium Technology Corporation (PINK: LTHU) reached up 60.27% in morning trading to $.0359 with 8M shares traded. LTC is a global manufacturer of large format cylindrical Lithium-Ion cells and a global provider of power solutions for diverse applications. LTC is especially well positioned in the fast growing markets of hybrid electric and electric vehicles. Lithium Technology Corporation (“LTC”) (Ticker Symbol: LTHU) announced that it had entered into a strategic alliance with Frazer-Nash Research Ltd. (“FN Research”) and its affiliates (collectively referred to as the “FN Group”) for the supply of large format Lithium-Ion cell battery packs with proprietary battery management systems cells for automotive applications. The two parties executed several definitive agreements relating to this strategic alliance on March 30, 2011 and closed the transaction on April 1, 2011. A member of the FN Group previously invested $2 million in equity of LTC in October, 2010, as previously reported by LTC.
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