Vancouver, British Columbia – March 14, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Lithium One Metals Inc. (TSXV: LONE) (FSE: H490) (the “Firm” or “LONE”) is happy to announce that, additional to its information launch of February 8, 2023, it has closed its Ferrari Lithium property acquisition. The Ferrari Lithium property (the “Property”) is situated 35 km northeast of the Pontois-Corvette Lithium Tasks owned by Patriot Battery Metals and 40 km northeast of LONE’s Taycan Lithium property.
Underneath the phrases of the Property choice settlement (the “Settlement”), the Firm should pay a complete of $210,000 and the difficulty an combination of 6,000,000 frequent shares over a one yr interval as a way to earn a 100% curiosity within the Property. The Firm should situation an extra 3,500,000 frequent shares on attaining sure milestones throughout exploration. The Property is topic to a 3% web smelter returns royalty, 1% of which the Firm can purchase again for $1,000,000.
About Lithium One
Lithium One Metals is a Canadian exploration firm specializing within the acquisition and growth of high-potential lithium properties in Ontario and Quebec. Our group of skilled geologists and prospectors are on the forefront of the seek for the following era of lithium deposits.
On behalf of Lithium One Metals Inc.
Dominic Verdejo, Chief Govt Officer
For extra info, please go to the Firm’s web site at https://lithiumonemetals.com or contact:
E-mail: [email protected]
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
WARNING: The Firm depends upon litigation safety for “forward-looking” statements. The knowledge on this launch might include forward-looking info beneath relevant securities legal guidelines. This forward-looking info is topic to identified and unknown dangers, uncertainties and different components that will trigger precise outcomes to vary materially from these implied by the forward-looking info. Elements that will trigger precise outcomes to differ materially embody, however should not restricted to, inaccurate assumptions in regards to the exploration for and growth of mineral deposits, foreign money fluctuations, unanticipated operational or technical difficulties, modifications in legal guidelines or rules, failure to acquire regulatory, change or shareholder approval, the dangers of acquiring needed licenses and permits, modifications basically financial situations or situations within the monetary markets and the shortcoming to boost extra financing. Readers are cautioned to not place undue reliance on this forward-looking info. The Firm doesn’t assume the duty to revise or replace this forward-looking info after the date of this launch or to revise such info to mirror the incidence of future unanticipated occasions, besides as could also be required beneath relevant securities legal guidelines.
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