Welcome to our dedicated page for LITHIUM ONE METALS news (Ticker: LOMEF), a resource for investors and traders seeking the latest updates and insights on LITHIUM ONE METALS stock.
Lithium One Metals Inc. is a Canadian exploration company focusing on acquiring and developing promising lithium properties in Ontario and Quebec. With a team of seasoned geologists and prospectors, the company is at the forefront of identifying potential lithium deposits. In recent news, the company announced issuing common shares for acting as a financial adviser for an acquisition, as well as the completion of an exploration campaign in the James Bay lithium district, Quebec, highlighting enriched trends of lithium-cesium-tantalum pegmatite indicators. Lithium One Metals continues to demonstrate its commitment to exploration and growth in the lithium sector.
Lithium One announced a new assignment agreement with Xplore Resources, Bounty Gold, and Last Resort Resources regarding an option agreement originally established in December 2022. This agreement involves transferring Lithium One's rights to acquire certain mineral claims in Ontario to Xplore. In return, Xplore must issue 790,000 shares and pay a total of $67,500 to the Optionors, with an initial $29,000 already paid. Xplore will also assume a royalty obligation of 2% of net smelter returns, which can be reduced to 1% upon a $1,000,000 payment. Lithium One will receive a $200,000 assignment fee from Xplore, subject to TSX Venture Exchange approval.
FAQ
What is the current stock price of LITHIUM ONE METALS (LOMEF)?
What is the market cap of LITHIUM ONE METALS (LOMEF)?
What is Lithium One Metals Inc. focused on?
What recent achievement did the company announce?
Who is leading the exploration efforts at Lithium One Metals?
Where did the recent exploration campaign take place?
What type of indicators were highlighted in the recent exploration campaign?
What is the significance of the company's recent activities?
