Gold Tree Resources Ltd (CSE: GTX) has signed and closed a share purchase agreement in respect of a transaction whereby the company has acquired all of the issued and outstanding shares of BCCo.
BCCo’s principal asset and undertaking is its wholly owned subsidiary Lithium Valley Holdings Corp., which owns the McDermitt Lithium Property located in Nevada, USA.
“We see the potential for the Property to host large-scale, long-life sources of lithium, occurring near-surface and falling within the lower end of the global cost curve,” CEO, Adrian Smith, said.
“The project is located in a mining friendly jurisdiction with significant domestic lithium demand that is currently satisfied by imported material. We also see the opportunity to rapidly advance the project through the exploration stage to create significant value for the company.,
“We see this as a strategic acquisition of a key North American property located within one of the most sought-after lithium basins in North America which already hosts two of the largest lithium deposits in the USA.”
For further information please visit: https://www.goldtreeresources.com/
