Gold Mining News Hubb
Advertisement
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us
No Result
View All Result
Gold Mining News Hubb
No Result
View All Result
Home Mining News

Tearlach signs option deal to acquire Canadian lithium properties

admin by admin
January 14, 2023
in Mining News


The vendors will retain a 3% net smelter return royalty on the six properties. Credit: Markus Distelrath from Pixabay.

Tearlach Resources has reached an option agreement with undisclosed arm’s length vendors to acquire a 100% interest in claims groups (Shelby Properties) within the CV lithium trend in Quebec, Canada.

Located adjacent to Patriot Battery Metals’ Corvette Lithium Property and Winsome Resources’ Cancet property, Shelby Properties cover 11,226ha within the La Grande Greenstone Belt along the La Grande and Opinaca Subprovince boundaries.

The Shelby Project comprises six properties that include Patriot West (two claim blocks), Patriot North, Patriot North Spodumene, Patriot North East, Patriot East and Patriot South.

According to the agreement, Tearlach holds the option to acquire a 100% interest in each of the six properties from the arm’s length vendors.

Tearlach will make cash payments and issue its common shares with milestone bonuses.

The firm will initially issue 300,000 shares to the vendor as a one-time payment.

The vendors will retain a 3% net smelter return royalty on the properties.

Tearlach CEO Morgan Lekstrom said: “These strategic acquisitions in Quebec add to our growing portfolio of high-potential lithium properties in one of the most prolific lithium jurisdictions in Canada.

Located adjacent to PMET’s Corvette deposit and Winsome’s Cancet discovery, the ‘Shelby Project’ properties are just another example of our ability to acquire potential company builder properties through a highly experienced team and access to our unique pipeline.”

“The Corvette Lithium Trend is an emerging spodumene pegmatite district discovered by PMET in 2017.”





Source link

Previous Post

Sibanye-Stillwater’s US partner secures $700m loan from US Govt. for lithium project

Next Post

The Rise and Fall of Music Sales, by Format (1973-2021)

Next Post

The Rise and Fall of Music Sales, by Format (1973-2021)

Recommended

EMC signs deal to buy up to 100% stake in WA gold project

January 12, 2023

African Countries Assume OPEC, APPO and GECF Rotating Presidencies in 2023 

January 19, 2023

Don't miss it

Gold News

EFCC arrests bank official over alleged hoarding of new naira notes

February 6, 2023
Mining News

Football’s Big Game: Charting Super-Sized Bets (2013-2022)

February 6, 2023
Mining News

China’s development of Russian mine

February 6, 2023
Gold News

Sibanye-Stillwater studying start-up in nuclear reactors as signals return to dealmaking

February 6, 2023
Gold News

First Abuja International Marathon to hold in April

February 5, 2023
Mining News

The Top Online Music Services in the U.S. by Monthly Users

February 5, 2023

gold mining-66

© 2022 Gold Mining News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Gold News
  • Mining News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Gold News
  • Mining News
  • Contact us

© 2022 Gold Mining News Hubb All rights reserved.