ION Energy Limited (TSXV: ION | OTCQB: IONGF | FSE: 5YB) has announced the acquisition of two new claims by staking in the Northwest Territories of Canada, identified as the Little Nahanni claims. The Little Nahanni claims total approximately 900ha and are around pegmatites first identified in 1961.
The company believes the Little Nahanni claims are underexplored for lithium and represent opportunity for lithium discovery and positive partnerships with regional stakeholders and will complement ION’s current lithium exploration activities in Northwest Territories.
“While we work towards an inferred resource calculation this fall at our prized Urgakh Naran Brine asset in the booming mining jurisdiction of Mongolia in such close proximity to China, we have now identified and acquired further assets in a tier one region,” said Ali Haji, CEO & Director of ION Energy.
“Each of these new assets provide the company with exposure to proven pegmatite lithium districts in the Northwest Territories. ION’s long-term vision of exploring and developing high quality lithium resources in strategic jurisdictions as the world continues to electrify, is materializing rapidly.”
ION also announced it has closed the acquisition of the Bliss Lake Lithium Pegmatite Project in NWT, Canada. The immediate consideration for the acquisition of Bliss Lake consisted of a single tranche of 571,428 company shares with a deemed value of C$128,571 at a deemed price per share of C$0.25.
Transaction terms also provide for deferred equity-based consideration to the vendors in the event assay results from exploration at Bliss Lake satisfy defined lithium oxide content thresholds and cash consideration in the event of announcement of a mineral resource estimate at Bliss Lake meeting defined criteria. 57,142 company shares were issued to a finder in the transaction.
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