Forrestania Resources Limited (ASX: FRS) has earned a 50% interest in the compelling Hydra Lithium Project in northern Quebec, Canada.
The company has stated that it is is excited to be joint venturing with ALX Resources Corp, a seasoned operator in the region, led by a team with a proven track record of exploration success and invaluable local expertise.
Forrestania MD Michael Anderson commented, “We are very pleased to have formalized the joint venture with ALX to become 50:50 partners in the Hydra Lithium Project. From our perspective securing a strategic foothold in the dynamic James Bay lithium space is hugely complementary to our existing project portfolio back at home in Western Australia and provides us with significant additional discovery potential. We very much look forward to collaborating with ALX to unlock that potential.”
Hydra Lithium Project (HLP) The HLP consists of eight sub-projects totalling 29,263ha that are known as Volta (4,752ha), Echo (5,566ha), Nike (2,462ha), Sprite (3,437ha), Cobra (4,249ha), Viper (1,280ha), Python West (4,298ha), and Python East (3,218ha).
To find out more, please visit www.forrestaniaresources.com.au