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One of the challenges in the junior resource exploration/development sector is attaching a credible net asset value to potential assets in the ground. A 43-101 resource estimate is helpful, so is a preliminary economic assessment; but neither really attaches a hard cash value to a company’s project.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today announced the acquisition of mineral rights comprising the Falcon West Lithium Property (the “Property”) which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company’s Donner Lake lithium property. The property covers 61,268 hectares and ~70 km of strike length of a highly prospective geological contact zone that features several drill intersected spodumene-rich pegmatites featuring highly anomalous lithium grades. The initial focus of exploration will be the “ADL” ( the ArtDon and Lucy pegmatites) TargetArea, which comprises an ~1.25 km trend of outcropping lithium bearing pegmatites. The Company believes the Falcon West acquisition is highly complementary to the Companys’ Donner Lake Lithium project as both are located in an infrastructure-rich exploration jurisdiction in proximity to Canada’s only current spodumene mining operation (the Tanco Mine).
Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that Sudbury and Montreal-based BBA E&C Inc. (“BBA”) has been selected as the prime engineering consultant to lead the execution of the remaining Pre-Feasibility Study (PFS) work packages on the Thunder Bay North Critical Minerals Project.
Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) announces the grant of stock options to directors, officers and consultants to purchase 2,705,000 common shares of the Company, exercisable at $0.78 per share at any time on or before December 31, 2027. The grants are subject to the terms of Cartier Silver’s stock option plan. In accordance with regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant.