North Arrow Minerals has agreed to transfer its 100% interest in three lithium properties in the Northwest Territories (NWT) to Li-FT, a Canadian company focused on lithium development. The transaction allows North Arrow to concentrate on exploring its Kraaipan Gold Project in Botswana. This project has the potential for significant gold mineralization beneath the Kalahari Desert sand cover. North Arrow will leverage Rockman Resources Limited's expertise and advanced exploration technologies to uncover this potential.
, President and CEO of North Arrow, stated,"We are pleased to proceed with this transaction as it 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 geophysical surveys, geochemical baseline analyses and target evaluation are currently underway.
On closing the transaction, North Arrow will transfer to Li-FT a 100% interest in twenty mineral claims and mining leases comprising the DeStaffany, LDG and MacKay lithium properties, subject to existing royalty interests on the DeStaffany and LDG properties. The transfer will also include certain rights and interests in existing land use permits and associated reclamation bonds. The transaction is subject to a number of terms and conditions including approval of the TSX Venture Exchange.
Lithium Gold Exploration Botswana Canada
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lift Acquires North Arrow's Lithium Portfolio in Canada's Northwest TerritoriesLift has entered into an agreement to acquire 100% interest in North Arrow Minerals' DeStaffany, LDG, and Mackay Lithium Projects in Canada's Northwest Territories. This acquisition strengthens Lift's position as a leading lithium exploration company in the region.
Read more »
North Texas Olympic gold medalist inspires local girlsTara Davis-Woodhall, from Mesquite, won gold at the 2024 Paris Olympics in the long jump and is ranked number one in the world.
Read more »
Probe Gold Acquires Stella Property with High-Grade Lacoma Gold ZoneProbe Gold Inc. has acquired the Stella Property, strategically located between its Croinor and Megiscane properties in the Val-d’Or East region. The property hosts the high-grade Lacoma gold zone, discovered in 1925, and has potential for further discoveries.
Read more »
Granada Gold Mine Inc. Announces Private Placement and Highlights Granada Gold PropertyGranada Gold Mine Inc. announced a non-brokered private placement of 5.71 million Quebec Flow-Through Shares to raise $200,000. Proceeds will be used for exploration on the Granada Gold Property near Rouyn-Noranda, Quebec. The company provided updates on the property, highlighting its potential and ongoing exploration activities.
Read more »
Swiss Gold exports reflect weak demand for Gold in AsiaThe Swiss Federal Customs Authority published data on Gold exports in October this week, Commerzbank’s commodity analyst Carsten Fritsch notes.
Read more »
Gold Stocks and Gold – Surge in Silver Signals End of RallyCommodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: Gold Spot US Dollar, Silver Spot US Dollar, Gold Futures, Copper Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.com
Read more »