Lithium is very much in the news. The immense possibilities of the electric vehicle revolution with its endless appetite for Lithium Ion batteries have crews drilling lithium-bearing brines and looking at hard rock lithium deposits very seriously.
JOURDAN RESOURCES INC. (TSX-V : JOR, Stuttgart: 2JR1) (“Jourdan” or the “Company“) is pleased to announce the results from a 1500 m drill program has been completed on the Preissac-Lacorne Lithium Portfolio, optioned from Alix Resources Inc (“Alix”) (TSX-V AIX) and one other claim that is owned by Jourdan.
JOURDAN RESOURCES INC. (TSX-V: JOR) is pleased to announce it has entered into a non-arm’s length assignment agreement with Fairmont Resources Inc. entitling Jourdan to acquire a 100% interest in the Rome Lithium property (the “Property”), subject to a 2% production royalty, of which half (1%) can be bought back for $1,000,000 at any time. In consideration of the acquisition of the interest in the Property, Jourdan will: (i) make a $50,000 cash payment, $25,000 of which has already paid pursuant to the ROFR agreement announced June 29, 2017, (ii) issue 1,500,000 common shares of Jourdan, (iii) grant an additional 2% net smelter return (“NSR“) on the Property, of which half (1%) may be bought back for $1,000,000 at any time, and (iv) the completion of exploration expenditures on the Property totaling $150,000 on or before June 10, 2019 (the “Option”).