- Clear Sky Lithium Corp. (POWR) has completed the initial option payment and share issuance for the recently acquired Halo Project
- The agreement for the Halo Project incorporates an initial payment of US$250,000, a share issuance of 1,865,269 common shares, and reimbursement of up to $100,000 for expenses incurred on the project
- To date, $76,000 in expenses have been reimbursed for geological work, staking expenses, and bureau of land management fees
- Clear Sky Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand
- Clear Sky Lithium Corp. was up 1.04 per cent, trading at C$0.485 13:51 ET
Clear Sky Lithium (POWR) has made an initial option payment and issued shares for the recently acquired Halo Project.
The project is located along the lithium trend in southern Nevada within the Tonopah mining district.
“Our team is very excited by the Halo Project, and I thank everyone involved for executing this agreement and the initial payment as quickly as they did,” said company CEO, Patrick Morris.
“We feel that this project holds a lot of potential and we have already started the planning for a site visit and work programs,” he added.
The agreement for the Halo Project includes an initial payment of US$250,000, a share issuance of 1,865,269 common shares, and reimbursement of up to $100,000 for expenses incurred on the project.
To date, $76,000 in expenses have been reimbursed for geological work, staking expenses, and bureau of land management fees.
The Halo Project consists of 98 claims totalling 819 hectares (2,024 acres) and is located 6km northwest of Tonopah within Big Smoky Valley on the boundary of Nye and Esmeralda Counties.
Clear Sky is committed to becoming a premier American developer of lithium for the US supply chain.
Clear Sky Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand.
Clear Sky Lithium Corp. was up 1.04 per cent, trading at C$0.485 13:51 ET.
