[b]$LWCTF[/b] .124 News just out LCTI Low Carbon Technologies Makes $20 Million Acquisition of Northwest Critical Minerals for Potential $400 Million Value
43.5% Stake in Rare Earth Mining Company Gives LCTI Access to U.S. Coveted Commodities
VANCOUVER, BC, Apr 12, 2013 (Marketwired via COMTEX) -- LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a USA based diversified company focused on the Clean-tech, Construction, Energy, Environmental, Mining and Real Estate business sectors announced today, the company secured a 43.5% stake in Northwest Critical Minerals, LLC ("NCM"), a Rare Earth Elements (REE) mining company, having potential values upward of half a billion dollars for LCTI shareholders.
Keeping to its business model, on March 10th, 2013, LCTI leveraged one of its technologies as consideration for a stake in NCM. The technology was independently valued at approximately $20 Million Dollars by prominent U.S. appraisal firm Marshall & Stevens [founded circa 1932]. A leader in the field, Marshall & Stevens has valued in excess of 1,000 US Banks and over 1,000 properties in five continents and, "has valued nearly 90% of all LCTI acquisitions," said Bryan Scott Jarnagin, CEO and Chairman of LCTI Low Carbon Technologies International.
Mr. Jarnagin continued, "This transaction is a slight contrast to our usual business acquisition. We prefer fully operating companies, substantiated by income. We have acquired five such companies over the past three years; building an asset base of over $100mm and an EBITDA of $8.178mm in fiscal year 2012. The potential shareholder equity stemming from this acquisition could be immeasurable."
The NCM prospects are currently undergoing a formal valuation. People close to NCM believe the company could possibly reflect upward of $1 Billion in market value once the integration and use of LCTI's technologies are applied.
"Countries across the globe are scrambling to develop their own rare earths production to break China's stronghold," said Jarnagin. "The U.S. seems to also be pursuing a plan to stockpile REE, mandating that $120 Million be spent on the endeavor [noted in the "Strategic and Critical Materials 2013 Report on Stockpile Requirements"]. We expect that as the U.S. continues to pursue minerals deemed to be of critical importance to the country's long-term economic and military security, the property assets of NCM, along with our licensed technologies, will be of an even greater value than they are today. Realization of this value could quite possibly be worth between $300 and $500 million dollars to LCTI shareholders."
People close to LCTI believe the company's revenues and asset value could increase significantly in fiscal year 2013. Management expects to announce its 1st QT fiscal numbers within the upcoming week.
About Northwest Critical Minerals, LLC
NCM was formed to take advantage of immediate ground staking and development opportunities for high-grade deposits of Rare Earth Elements (REEs), technology metals (tantalum/ niobium), and associated precious metals.
About Low Carbon Technologies International, Inc. LCTI is a clean-tech company which has acquired profitable operating businesses, real estate assets, and clean-tech energy technologies. LCTI utilizes these real estate assets and technologies in the development of clean-tech energy projects. LCTI also combines the technology licenses with the profitable operating businesses creating profitable clean-tech companies.
