North Arrow Minerals has sold its DeStaffany, LDG, and MacKay lithium properties to Li-FT for 250,000 common shares. The company will now concentrate its efforts on exploring the Kraaipan Gold Project, using advanced exploration techniques to identify gold mineralization beneath the Kalahari Desert sand cover.
, President and CEO of North Arrow, stated,"Closing of this sale provides North Arrow with exposure to the continued evaluation of these NWT lithium properties as well as Li-FT's advanced Yellowknife Lithium Project, while allowing our team to focus on exploration of the Kraaipan Gold Project in, where detailed structural mapping and interpretation work will soon begin, complementing ongoing geophysical surveys and geochemical baseline analyses.
On closing the property sale, North Arrow has transferred to Li-FT a 100% interest in the DeStaffany, LDG and MacKay lithium properties, subject to existing royalty interests on the DeStaffany and LDG properties, and has received 250,000 common shares of Li-FT, which are subject to a statutory hold period of four months from the date of receipt.
The government is confident that investors will compete for licenses to drill new deposits even amid a worsening global glut.Trump’s coal comments to Davos audience boost US miners Trump’s support for fossil fuels is well known, but coal didn’t receive as much attention during this campaign as it did in prior elections.The Chinese miner warned that it expects to post a net loss of as much as 8.2 billion yuan for 2024.South Africa’s mining industry reports lowest number of deaths last yearFortescue’s Q2 iron ore shipments edge up; Iron Bridge shutdown weighs
MINING EXPLORATION GOLD LITHIUM SOUTH AFRICA
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