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Petrolympic Ltd. has acquired 52 mining claims covering approximately 6,981 acres in the James Bay-Eeyou Istchee area of Quebec, adjacent to the Moblan Deposit owned by Sayona Mining. The Li-1 Property consists of 24 claims, while the Li-2 Property has 28 claims. This acquisition aims to enhance Petrolympic's focus on lithium, a critical mineral for electric vehicle batteries. The company now holds 200 claims across Quebec, totaling roughly 28,063 acres. The region benefits from robust infrastructure and governmental support for developing critical minerals, positioning it as a significant lithium hub in North America.
Petrolympic Ltd. has announced an agreement to acquire a gold property near Val d'Or, Quebec, consisting of two new claims that add to its existing 37 contiguous claims, totaling 5,263 acres. The acquisition requires a cash payment of $75,000 and the issuance of 900,000 common shares, subject to TSX Venture Exchange approval. The property shows potential for gold mineralization, with previous drilling revealing intersections of up to 12.34 g/t Au over 4.0 m. The project aligns with Petrolympic's strategy to enhance its mineral rights portfolio.
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