- Foremost Lithium Resource & Technology (FAT) has paid $50,000 in cash and will issue 335,235 common shares in satisfaction of its first-anniversary option payment
- This is in line with its option agreement with Mount Morgan Resources Ltd. to acquire a 100 per cent interest in its Jean Lake Lithium-Gold Project
- Foremost Lithium is a resource exploration company committed to playing a critical role in producing high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market
- The 1002-hectare Jean Lake Gold-Lithium Project is 570 km north of Winnipeg, and 15 km east of the mining centre of Snow Lake Manitoba
- Foremost Lithium Resource & Technology Ltd. opened trading at $0.02 per share
Foremost Lithium Resource & Technology (FAT) has paid $50,000 in cash and will issue 335,235 common shares to satisfy its first-anniversary option payment.
This is in line with its option agreement with Mount Morgan Resources Ltd. to acquire a 100 per cent interest in its Jean Lake Lithium-Gold Project.
The Jean Lake Gold-Lithium Project, which covers 1002 hectares, is 570 km north of Winnipeg and 15 km east of the mining centre of Snow Lake Manitoba.
The region hosts world-class gold, base-metal and gold-rich base-metal deposits and developing lithium resources. It is hosted by the Early Proterozoic (1.832 Ga) Rex Lake Plutonic Complex, a circular intrusion 8 km in diameter.
The property hosts the historic west-northwest striking Beryl lithium pegmatites rediscovered in August of 2021 in blasted trenches beneath 80 years of organic deadfall and glacial sediment.
The 270-degree trending dykes are characterized by coarse-grained light green spodumene crystals in a matrix of potassium feldspar, quartz, and muscovite. The host rocks are coarsely porphyritic gabbro.
The property also hosts the shear zone-hosted Sparky Gold Occurrence discovered in 1918.
The gold mineralization is associated with disseminated and near-solid fracture fillings consisting of fine-grained to blocky arsenopyrite with lesser pyrite and chalcopyrite hosted within sheared and silicified massive basalt and gabbro.
Foremost Lithium is a resource exploration company committed to playing a critical role in producing high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market.
Foremost Lithium Resource & Technology Ltd. opened trading at $0.02 per share.
