Mason Resources Announces Strategic Investment in Sand Minerals, a Company Recently Launched by the Team of Arena Minerals
Mason Resources has announced a CAD $1 million investment in Sand Minerals, a private company focused on lithium brine projects in Argentina. Sand Minerals was founded by William Randall and the former team of Arena Minerals, which was previously acquired by Lithium Americas Corp. for CAD $311 million. The team was also involved in Lithium-X Energy Corp., which sold for CAD $265 million.
As part of the investment, Mason has secured rights to nominate one director to Sand Minerals' board when maintaining a 10% ownership threshold. The strategic timing of this investment aligns with the current undervaluation of lithium assets in the market.
Mason Resources ha annunciato un investimento di 1 milione di dollari canadesi in Sand Minerals, una società privata focalizzata su progetti di salamoia di litio in Argentina. Sand Minerals è stata fondata da William Randall e dall'ex team di Arena Minerals, precedentemente acquisita da Lithium Americas Corp. per 311 milioni di dollari canadesi. Il team è stato anche coinvolto in Lithium-X Energy Corp., venduta per 265 milioni di dollari canadesi.
Come parte dell'investimento, Mason ha ottenuto il diritto di nominare un direttore nel consiglio di amministrazione di Sand Minerals, mantenendo una soglia di proprietà del 10%. Il tempismo strategico di questo investimento è in linea con l'attuale sottovalutazione degli asset di litio sul mercato.
Mason Resources ha anunciado una inversión de 1 millón de dólares canadienses en Sand Minerals, una empresa privada centrada en proyectos de salmuera de litio en Argentina. Sand Minerals fue fundada por William Randall y el antiguo equipo de Arena Minerals, que fue adquirida previamente por Lithium Americas Corp. por 311 millones de dólares canadienses. El equipo también participó en Lithium-X Energy Corp., que se vendió por 265 millones de dólares canadienses.
Como parte de la inversión, Mason ha asegurado el derecho a nominar a un director en la junta de Sand Minerals al mantener un umbral de propiedad del 10%. El momento estratégico de esta inversión coincide con la actual subvaluación de los activos de litio en el mercado.
Mason Resources는 100만 캐나다 달러의 투자를 아르헨티나의 리튬 브라인 프로젝트에 집중하는 민간 회사인 Sand Minerals에 발표했습니다. Sand Minerals는 William Randall과 이전 Arena Minerals 팀에 의해 설립되었으며, Arena Minerals는 Lithium Americas Corp.에 의해 3억 1100만 캐나다 달러에 인수된 바 있습니다. 이 팀은 또한 2억 6500만 캐나다 달러에 판매된 Lithium-X Energy Corp.에도 참여했습니다.
투자의 일환으로 Mason은 10%의 소유권 기준을 유지할 때 Sand Minerals 이사회에 하나의 이사를 지명할 권리를 확보했습니다. 이 투자에 대한 전략적 시기는 시장에서 리튬 자산의 현재 과소평가와 일치합니다.
Mason Resources a annoncé un investissement d'un million de dollars canadiens dans Sand Minerals, une entreprise privée axée sur des projets de saumure de lithium en Argentine. Sand Minerals a été fondée par William Randall et l'ancienne équipe d'Arena Minerals, qui a été précédemment acquise par Lithium Americas Corp. pour 311 millions de dollars canadiens. L'équipe a également été impliquée dans Lithium-X Energy Corp., qui s'est vendue pour 265 millions de dollars canadiens.
Dans le cadre de cet investissement, Mason a obtenu le droit de nommer un directeur au conseil d'administration de Sand Minerals tout en maintenant un seuil de propriété de 10%. Le calendrier stratégique de cet investissement correspond à la sous-évaluation actuelle des actifs de lithium sur le marché.
Mason Resources hat eine Investition von 1 Million kanadischen Dollar in Sand Minerals bekannt gegeben, ein privates Unternehmen, das sich auf Lithium-Sole-Projekte in Argentinien konzentriert. Sand Minerals wurde von William Randall und dem ehemaligen Team von Arena Minerals gegründet, das zuvor für 311 Millionen kanadische Dollar von Lithium Americas Corp. übernommen wurde. Das Team war auch an Lithium-X Energy Corp. beteiligt, die für 265 Millionen kanadische Dollar verkauft wurde.
Im Rahmen der Investition hat Mason das Recht erhalten, einen Direktor in den Vorstand von Sand Minerals zu nominieren, solange eine Eigentumsquote von 10% aufrechterhalten wird. Der strategische Zeitpunkt dieser Investition fällt mit der derzeitigen Unterbewertung von Lithiumvermögen auf dem Markt zusammen.
- Strategic investment provides Mason exposure to lithium market through experienced management team
- Investment team has proven track record with previous successful exits (Arena Minerals - CAD $311M, Lithium-X - CAD $265M)
- Secured board nomination rights with 10% ownership threshold
- Current market conditions show weakness in North American lithium investments
- Cyclical volatility in lithium market presents risks
Toronto, Ontario--(Newsfile Corp. - October 29, 2024) - Mason Resources Inc. (TSXV: LLG) (OTCQB: MGPHF) ("Mason") is pleased to announce that on October 29, 2024, it made an investment of CAD
Similar to the previous ventures of Arena and Lithium-X, Sand Minerals will be primarily focused on the acquisition and development of lithium brine projects in Argentina.
Mr. Fahad Al-Tamimi, Chairman of Mason, commented: "We couldn't be more excited to embark on this new venture with Will Randall and his highly respected and dynamic team, in the promising world of lithium. While North American investors have moved away from lithium investments, many parts of the world continue to see a rapid adoption of electric vehicles. We believe it is only a matter of time before the North American market catches up to other major economies, which will likely trigger another strong lithium cycle."
Will Randall, Chief Executive Officer of Sand Minerals, commented: "This is an opportune time to re-enter the lithium market. We are witnessing unprecedented demand for lithium, driven by the global transition to electric vehicles, renewable energy storage, and the broader push for a decarbonized future. The opportunities in this sector are vast, and we believe now is the time to strategically position ourselves to capitalize on these trends."
Strategic Investment by Mason Resources
Mason has become a significant shareholder of Sand Minerals. In connection with the Investment, the Company entered into an investor rights agreement with Mason, pursuant to which Mason has been granted certain rights in the event it maintains minimum ownership thresholds in the Company. So long as Mason holds
The Lithium Market
The lithium market is characterized by cyclical volatility, with each cycle becoming increasingly pronounced. Mason believes this investment presents a unique opportunity to support an experienced and highly skilled team at a time when lithium assets are severely undervalued.
About Mason Resources Inc.
Mason Resources Inc. is a Canadian corporation focused on seeking investment opportunities. Mason is the largest shareholder of Black Swan Graphene Inc. (TSXV: SWAN) (OTCQB: BSWGF) which is focusing on the large-scale production of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete and polymers, which are expected to require large volumes of graphene and, in turn, large volumes of graphite. Mason is also one of the largest shareholders of Nouveau Monde Graphite Inc. (TSXV: NOU) (NYSE: NMG), an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV (electric vehicle) and renewable energy storage systems. The company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Quebec, Canada. With enviable ESG standards and structuring partnerships with anchor customers, Nouveau Monde Graphite is set to become a strategic supplier to the world's leading lithium-ion battery and EV manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. Lastly, Mason is the largest shareholder of NorthX Nickel Corp. (CSE: NIX), a Canadian Ni-Cu-Co-PGE focused exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The company's flagship asset is the Grasset Project, located within the Abitibi Greenstone Belt, with an indicated mineral resource of 5.5 Mt @
For more information:
www.masonresourcesinc.com
www.blackswangraphene.com
www.NMG.com
www.northxnickel.com
Mason Resources Inc. on behalf of the Board of Directors
Peter Damouni, President & Chief Executive Officer
For more information please contact:
Paul Hardy, Vice President - Corporate Development
phardy@masonresourcesinc.com
+1 (416) 844-7365
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
The information contained herein contains "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Forward-looking statements or forward-looking information relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements" or "forward-looking information." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to Mason's investment in Sand Minerals and the likelihood that the investment, for which there is currently no market or liquidity, will result in profitability for the Corporation on the timeline projected or at all, the holding of the NMG, Black Swan and NorthX Nickel shares, risks related to the development of NMG's projects, risks related to Black Swan's and NorthX Nickel's business, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with the industry; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in development activities or the completion of feasibility studies; the uncertainty of profitability; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of feasibility studies, and the possibility that future results will not be consistent with Mason's expectations; risks related to commodity prices fluctuations; and other risks and uncertainties related to Mason's prospects, properties and business detailed elsewhere in Mason's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and Mason does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from Mason's expectations or projections.
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