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China Dongsheng International Inc. (CDSG) has announced a partnership with Barrel Energy Inc to advance lithium exploration at the West End Lithium project in Nevada. The partnership aims to utilize innovative lithium extraction techniques on clay-hosted deposits. The WEL project is situated near the TLC Project, which has significant lithium resources. As lithium demand rises, with prices soaring from $27,000 to over $84,000 per tonne in just a year, the exploration program is set to commence in 2023, contingent on permitting. This initiative aims to meet increasing market demand.
China Dongsheng International Inc. (OTC: CDSG) has appointed Mr. Craig Alford as a Director and interim CFO, succeeding Caren Currier. Alford is a Professional Geoscientist with extensive experience in project development within the battery metals sector across multiple continents. The company is exploring ventures in lithium production and energy storage for electric vehicles and grid needs. Additionally, Lowell Holden has been appointed as Controller, bringing financial oversight experience from other companies. CDSG focuses on investments in technology, natural resources, and various sectors.
China Dongsheng International (OTC: CDSG) announced an update on its Walker Ridge Gold Property in Elko County, Nevada. The project is located near Jerritt Canyon, an area with significant gold production. Walker Ridge features a geochemical anomaly indicative of Carlin-type gold deposits, similar to the successful adjacent Jerritt Canyon mines. In 2022, CDSG plans to conduct an approved drill program targeting a significant geochemical anomaly. The company believes Walker Ridge holds promising potential for gold deposits, emphasizing its favorable geological features.
China Dongsheng International (CDSG) has entered an agreement to acquire exploration rights for the Walker Ridge Gold Property in Elko County, Nevada, from Oliver Geoservices LLC. Walker Ridge is strategically located near the Jerritt Canyon gold mines, which produced over 8.5 million ounces of gold. This area is known for significant gold production, having yielded over 90 million ounces across central and north Nevada. CDSG is optimistic about the potential of Walker Ridge, identifying main drill targets for rapid advancement this year.
China Dongsheng International (OTC Markets: CDSG) is analyzing geological data from its West End Lithium (WEL) project in Nevada. The WEL project is located near the TLC Project of American Lithium Corp., which holds a NI 43-101 compliant resource of 5.37 million tonnes of Lithium Carbonate Equivalent (LCE). CDSG plans a comprehensive program involving geological mapping, sampling, and drilling to assess the potential of its project, which may be underlain by the same mineralization as TLC.
On March 17, 2022, China Dongsheng International (OTC Markets: CDSG) announced an agreement with American Lithium Minerals Inc. to earn up to a 60% interest in the West End Lithium Project near Tonopah, Nevada. This move aligns with the booming lithium-ion battery market, which is projected to grow from 44.49 billion USD in 2021 to 193.13 billion USD by 2028. The West End project is strategically located adjacent to the Tonopah Lithium Claims and is expected to enhance the company's positioning in the critical lithium sector.
On March 15, 2022, China Dongsheng International (OTC: CDSG) announced a $250,000 secured investment from an institutional lender with a 6% interest rate over two years. Additionally, the company canceled $75,000 of its outstanding convertible debt. CDSG's Chairman emphasized plans for expansion into near-production oil projects and alternative energy initiatives. The U.S. is poised to lead in oil output in 2022, highlighting the need for domestic production and alternatives. Further updates on the company's progress are expected soon.
China Dongsheng International (CDSG) has formed a Strategic Partnership with Stallion Energy Group for oil production in Frio County, Texas. The project targets the Olmos Formation, known for its stable oil production, with potential reserves estimated at 15-27 million barrels per 640-acre section. The partnership aims to drill vertical wells, capitalizing on the area’s significant oil and gas production history. CDSG anticipates strong projected revenues based on oil prices previously modeled at $55 per barrel in 2021, highlighting a favorable economic outlook for this venture.
China Dongsheng International Inc. (OTC Markets: CDSG) has announced a strategic update, highlighting new management initiatives aimed at forming innovative partnerships in high-growth industries. The company plans to change its name to "CDSG Holdings, Inc." to reflect its evolving business model. Current endeavors focus on addressing energy needs, particularly in the Oil and Gas sector, as well as petroleum recovery and energy storage for electric vehicles. The chairman expressed optimism about maximizing shareholder returns through these strategic acquisitions.