Overview

GreenLight is focusing its exploration efforts in Atlantic Canada, which is a sovereign risk free, resource rich domain. The company is aggressively advancing several projects addressing commodities such as Lithium, Graphite, REE’s, Rare metals and Precious metals.

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Investment Highlights

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Profile

Finding valuable minerals, whether it’s highly-touted gold and silver or rare earth minerals that are still very valuable, but not quite as glamorous, is one thing, but finding them in a mining-friendly portion of the world is another. The Frasier Institute is widely regarded as the foremost expert on grading regions and creating a report card as to the attractiveness of governments and their mining policies. Called the “Policy Potential Index (PPI),” the Frasier Institute’s grading scale is a key index for mining investors and corporations in evaluating mining properties and their path to production.

The Index ranks jurisdictions on a series of questions covering a broad spectrum of mining influences from taxation to socioeconomic conditions to political climate and back again under the basic premise of “encourages investment.” Canada is a particular standout in the Frasier Institute’s PPI, holding 8 of the top 23 spots worldwide, including Newfoundland and Labrador, New Brunswick, Nova Scotia, Alberta, Quebec, Manitoba, Ontario and Saskatchewan.

A company smack in the middle of those high-ranking Canadian mining areas is GreenLight Resources Inc. (TSX-Venture:GR), a burgeoning mineral explorer with a complete focus on the prolific nature for a wide array of minerals in Atlantic Canada with a particular concentration in New Brunswick and Nova Scotia. The company holds six different properties in its portfolio with the Keymet Property (Silver and Base Metals), Porcupine Property (Rare Earth Elements and Base Metals), Tomahawk Property (Manganese) and Golden Grove (Graphite) in New Brunswick. Nova Scotia is home to its Kemptville Property (Gold) and Brazil Lake Property (Lithium and Rare Metals).

GreenLight’s holdings cover the whole gamut of valuable minerals in world-class deposits with each property containing an enormous amount of potential in the mid and long-terms. Gold and silver, of course, are a primary focus every day in the investment world as the precious metals have been on a searing upward ride for years now with a “the sky is the limit” price tag put to them by many analysts. Continuing work by Ayarco Gold from 2005, GreenLight has commenced testing bulk till samples for potential economic quantities of placer gold at its Kemptville gold property. The head grades from the 2005 tests rivaled most placer mining in the Yukon. In August, a nine hole, 2,322 meter diamond drill program was completed at Kemptville which showed a cut of 1.6 meters intersecting a stellar 60 grams of gold. The company is currently working at identifying additional drill targets which it plans to drill shortly.

Regarding silver, the Keymet property is of particular interest. The 6,400-acre property hosts (and got its name from) a past producing mine that stopped production in the 1956 after a fire destroyed the mine buildings. Assays from surface exposure have shown high volumes of minerals in a 6.7 meters wide quartz-carbonate-sulphide vein including 4.2 meters of 8.48% lead, 10.99% zinc, and 2.96 ounces per ton (opt) silver. In only two years of production before the fire, a 366 meter shaft was sunk and 56,000 tons of ore were removed containing 0.25% copper, 2.44% lead, 2.59% zinc and 0.99 opt silver. In addition to that vein, there is strong evidence that a series of three or four parallel vein systems occur on the property as several drill holes have been drilled outside of the mine area showing strikes up to 1.2 meters of 15.9% copper, 0.91% lead, 9.95% zinc and 30.91 opt silver, clearly there is still lots to uncover on this past producing property.

Given the data collected and the past producing mine, coupled with neighbors Puma Exploration’s Nicholas-Denys (cuts up to 106 grams per tonne silver) property and Castle Resources’ Elmtree gold property (525,000 indicated tonnes grading 2.45 g/t gold) surrounding the Keymet project, GreenLight appears to have a very valuable property in its control.

The 3,440-acre Porcupine property is a two-for-one mineral play with the North claim block hosting Rare Earth Elements (REE), silver and base metal targets while the South claim block contains a REE exploration target. Strong anomalies frequent the property showing exceptional grades of zirconium, niobium, thorium, copper, lead, zinc and caesium, as well as a host of heavy and light rare earth elements. GreenLight is set to conduct induced polarization studies to further identify drill targets.

GreenLight recently acquired the Tomahawk Manganese property in New Brunswick which has had channel sampling performed by Heath Steele Mines about three decades ago. The samples indicated that a mineralized zone runs 9.67% manganese and 9.33% iron over a width of 12 meters. Individual grab samples of the zone showed up to 17.6 % manganese. Manganese is in high demand as it is critical to iron and steel production because of its sulfur-fixing, deoxidizing, and alloying properties. Nearly 90 percent of all manganese mined each year goes to the steel industry. Manganese is currently selling for $3,775.00, up $550.00 from one year ago.

Roughly 400 acres in size, GreenLight’s recently-acquired Golden Grove property is a large graphite deposit with a history of high-grade graphite mining in the area between about 1880 and 1910. In the 1930’s a shaft was sunk to only 4.3 meters and hit a vein roughly 1.3 meters wide containing 31.74% graphite. Glenvet Resources conducted initial metallurgical testing in the early 1980’s with showed 22.37% graphite across 25,000 tons, which is deemed not a viable level for production, but a great many things have changed since then. China, which is not a friendly mining country (#62 on Frasier’s list), holds the lion’s share of graphite production annually, but is coming under siege because of demand. Graphite is a key component to almost all batteries, fuel cells, brake pads, as well as both the metallurgical and electrical industries. Demand for lithium-ion batteries is rising on the back of electric vehicle potential which has graphite production worldwide under a microscope for more sources. Additionally, graphite was only bringing about $300 per tonne in 1982 when Glenvet conducted their studies, but now it costs approximately $2,400 per tonne, making economic viability much easier.

While those five properties have incredible potential, GreenLight also has another true gem in its portfolio, its Brazil Lake Lithium and Rare Metal property. Comprised of 14 square kilometers, the property hosts several pegmatites which drilling has shown parallels or even outstrips the results shown by Canadian Lithium’s prolific Quebec Lithium project with 20,935,000 inferred tonnes grading 1.15% Li2O. GreenLight has spent the summer determining more spodumene-bearing pegmatite dikes with future drilling anticipated to validate large reserves of both lithium and rare earth oxides.

Lithium demand is anticipated to soar in the future as a result of not only demand in the ever-growing electronics industry, but - as mentioned regarding graphite - the expansive growth that is expected in the electronic vehicle industry. Estimates by leading researcher signumBOX places 16 million electric and hybrid vehicles on the roads in 2025, utilizing 181,000 tonnes of lithium carbonate in batteries; a 34 percent increase over forecasted lithium demands this year. Lithium is currently bringing approximately $6,000 per tonne.

Now, as if this Company didn’t already have plenty going for it, here is one more game changer. In addition to its properties, GreenLight has been advancing a technology that addresses the extraction and processing of ore from its Brazil Lake project. This technology is currently being independently bench tested, by Dr. Ian Flint a qualified person under 43-101, outside of Halifax to verify its process and his report just came out after the bell on October 4th, 2011, but more on that below. The process in theory, uses heat pressure and chlorination in a controlled environment to extract each element separately, whether that be lithium or any of the other rare metals associated in the Brazil Lake deposit, they are removed as a gas and then re-crystallized in their purist form. The technology can have several industry benefits, including minimizing waste products and replacing conventional hydrometallurgical processes which are expensive and environmentally unfriendly.

Going back to the recently announced report on the patented Silchlor Cyclic Vacuum Chlorination Process technology, the Company just announced news after the bell that may spark additional interest in V.GR as the Company stated in today's announcement that "tests have been completed to confirm the validity of the Silchlor chlorination process in extracting economic minerals from the Company's Brazil Lake lithium concentrate material. The patented Silchlor Cyclic Vacuum Chlorination Process technology assessment report verifying the process was completed by an independent qualified person. Greenlight retained Dr. Ian Flint of Halifax, NS to independently confirm if this technology could be applied to the extraction of economic minerals from the Brazil Lake Lithium and rare metal project."

This could prove to be a game changer as this technology can be used by not only GreenLight but by many other mining Companies around the world. The press release goes on to say that "confirmation tests were successfully conducted for the digestion of the lithium pyroxene concentrate from the Brazil Lake deposit. The iron, aluminum and lithium chloride products where produced under the test conditions claimed by Silchlor. These products can be converted to oxides or carbonates if required by known chemical processes. The process also shows promise for the purification of tantalum, niobium and rubidium. The next stage of development will be the modification of the vessel design to allow the testing of larger samples in preparation for pilot plant work."

AllPennyStocks.com contacted Dr. Ian Flint after this announcement and inquired about Beryllium processing, as that was not mentioned in the PR.  Beryllium, used in the aerospace industry, the nuclear industry and for countless military applications is in great demand and hard to process, all while rising in value dramatically. GreenLight has recently discovered new targets at their Brazil Lake Property which among other elements, have a high concentration of Beryllium. Even though there is no broad commodity market that sets the price of beryllium, pricing is usually set between the mine and the production facility based on the usual factors of supply and demand. The (USGS) United States Geological Survey estimates the average annual price per pound of contained beryllium was US$230 per pound in 2010, up from US$154 in 2009. GreenLight may be on the cusp of a significant Beryllium discovery at Brazil Lake, which could prove very lucrative. However up until now, the only downside to Beryllium was that it was extremely difficult and medically dangerous to process, but that has changed with this technology. Dr. Ian Flint stated when asked about whether this technology can process Beryllium in a safe and environmentally friendly way like other minerals, his response was, "it's potentially plausible to process Beryllium, but that further tests would need to be made to be absolutely certain." We liked what we heard there, so didn't push him on elaborating any more than he did.

Prolific properties are just a piece of land without the proper team to develop them. Led by President and CEO Christopher R. Anderson and Director J. Paul Sorbara, M.Sc., P.Geo, GreenLight has the human capital, a highly-experienced team built of mine finders, prospectors and geologists that live, eat, sleep and breathe Atlantic Canada mineral exploration. Because of their proactive approach to exploration and strength of their team - from the top execs to the boots and hammers on the ground - GreenLight offers a tremendous competitive advantage when it comes to exploration in Atlantic Canada, an area mineral rich which hosts world class deposits and many producers past and present.

The numbers behind the Company point towards a solid upside. Outstanding shares only tally about 27 million with a similar sized float, providing enough shares for liquidity, but still support a rise in value as the market cap at this point is a miniscule $3.6 million, almost hard to believe with all the potential and properties that the Company has in such strategically important mining areas.

Technically speaking, the GreenLight stock chart may be offering a prime opportunity. Gapping down on Monday as the general markets fell apart for yet another day, buying pressure came back into the stock with a solid support level at 12 cents holding with a closing price of 13 cents. Today, the stock held firm at those levels as selling indecision seemed to reign supreme. These facts, coupled with some indecisive indicators may offer a substantial upside to the chart as the “buy on support” philosophy could be put into effect by technical traders.

The indicators are somewhat indecisive at this point when taking a mid-term look. The Relative Strength Index (RSI) is still hovering around 50, a classic sign of the bulls and bears fighting for momentum. The RSI does get support of upward potential from the Full Stochastics as it has been churning out of oversold territory for more than a week, showing that positive momentum is entering the stock. The Moving Average Convergence/Divergence shows a three-month wedge that appears to be forming as the histogram is moving back towards zero, a sign of a potential bullish cross. These indicators, coupled with resistance not entering the picture until secondary levels at 14 cents, but more significant levels at 16 cents will have the eyes of those that trade on technical as a more than 20 percent short-term upside is possible.

What needs to also be remembered is that news almost always trumps technicals, so GreenLight's positive announcement after the bell today could very well be the catalyst for some price appreciation on its own. With support hovering around $0.12 currently, stop losses just below that level would make a lot of sense in case of wild swings in the wrong direction.  As we always mention at this point, these are merely the interpretations of AllPennyStocks.com. We encourage all investors to do their own due diligence and consult with a financial advisor prior to making any investment decisions.

Focused in an area with a rich history of producing mines and a safe, sovereign political environment that facilitates low-cost exploration through a strong infrastructure, GreenLight is an aggressive miner that looks poised to move. The phrase, “all the ducks are in a row” certainly seems appropriate as the investment checklist shows a solid portfolio, solid management and straight capital structure. It is for these reasons, as well as the ones mentioned above, that we have decided to turn our next Canadian spotlight on GreeLight Resources Inc. (TSX-Venture:GR) and encourage our members to begin their due diligence and add it to their watchlists.

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Recent News and Press Releases

 

GreenLight Achieves Initial Success with Testing of Silchlor Chlorination Process to Extract Lithium, Rare Metals & Industrial Minerals
Marketwire (Tue, Oct 4)

 

GreenLight Acquires Manganese Property
Marketwire (Thu, Sep 29)

GreenLight Initiates Examination of Cash Flow Potential
Marketwire (Wed, Sep 28)

GreenLight Advances Its Heavy REE Anomaly at Porcupine to Drill Ready Status
Marketwire (Tue, Sep 27)

GreenLight Expands Drill Targets With Discovery of New Boulder Trains Containing Several Rare Metals-1.24% Lithium, 0.9% Tantalum, 1.27% Niobium, 1.8% Caesium and 6.4% Beryllium
Marketwire (Tue, Sep 27)

GreenLight Strengthens its Board With the Addition of Mr. Antony Claydon
Marketwire (Tue, Sep 27)

GreenLight Initial Exploration Program Confirms and Identifies Heavy REE Anomalies
Marketwire (Tue, Sep 27)

GreenLight Identifies Future Drill Targets on its Lithium Rare Metal Project in Nova Scotia
Marketwire (Tue, Sep 27)

GreenLight Acquires Silver and High Grade Base Metal Property Bathurst Camp, New Brunswick
Marketwire (Tue, Sep 27)

GreenLight Acquires Golden Grove Graphite Deposit With Historic Grades of Up to 31.74% Graphite-Work Program to Commence Immediately
Marketwire (Tue, Sep 27)

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Management

Christopher R. Anderson
President and CEO, Director
Mr. Anderson brings over 25 years of business experience with an emphasis on strategic planning, communications, and creative marketing. He has been instrumental in facilitating several millions of dollars in financings for both public and private enterprise with a recent focus on the mineral exploration industry.

J. Paul Sorbara – M.Sc., P.Geo
Director
Mr. Sorbara holds a Master of Science Degree from the University of Toronto and is also a Professional Geologist. Following graduation, he conducted Caldera Reconnaissance Programs for Cominco Ltd. in both British Columbia and the Sierra Madre Occidental range in Northern Mexico, spending a number of years in Cominco’s Guadalajara office. In the mid nineteen-eighties, Mr. Sorbara left Cominco to establish a successful geological consultant practice. In 1992, Mr. Sorbara started his own private Mexican exploration company, Minera Delta S.A. de C.V. which has now grown to become a substantial operation. Mr. Sorbara is presently the President of Golden Goliath Resources Ltd. (TSXV:GNG), a junior mining exploration company exploring for gold in Mexico.

Richard Granholm
Director
Mr. Granholm and his family founded Magnacharge Batteries in 1964 which grew from its native roots here in Vancouver, to become one of Canada’s largest wholesalers and distributor of industrial and automotive batteries. This has allowed Mr. Granholm the opportunity over his career to cultivate contacts and relationships though out North America and Asia, which will be a valuable asset to PHE’s Board. Mr. Granholm is currently the owner and President of Battery World Corp and one of his tasks is to oversee a lithium recycling program for an Asian manufacturer.

Alex Von Kleist
Director
Mr. Von Kleist is a businessman and corporate finance consultant. Over the past 25 years, he has led numerous companies in both the public and private sectors as president and director.

Antony Claydon
Director
Mr. Claydon brings forth nearly two decades of public market experience to Greenlight. He will be participating in the development and execution of a comprehensive strategy aimed at raising the Company’s profile in the investment community. In addition he will work closely with management to ensure the company undertakes aggressive exploration programs on its Eastern Canadian properties in 2011 and 2012.

Patrick Forseille P.Geo.
Corporate Secretary
Mr. Forseille has worked in the oil and gas and mining industry for over ten years. Most recently he has been Chief Financial Officer of Olympic Resources Ltd., an oil and gas producing company since 1997 and has also concurrently served as a director for various other public companies in differing capacities including comptroller and exploration manager. Mr. Forseille is a Professional Geoscientist with a Bachelor of Commerce degree in accounting. Previously, he was employed as an accountant and geologist with Cameco Corp and Imperial Oil Resources Ltd.

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Contact

GreenLight Resources Inc.
888 Dunsmuir St Suite 888
Vancouver BC
Postal Code – V6C 3K4

Vancouver office: 604-488-3900 | Fax: 604-488-3910
New Brunswick office: 506-474-2465
Nova Scotia office: 902-482-6565

Investor Relations:

John Curle
Email: ir@greenlightresources.com

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FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Greenlight Resources Inc. current expectations about its future results, performance, prospects and opportunities. Greenlight Resources Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Greenlight Resources Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Greenlight Resources Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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