- Xplore Resources (TSXV:XPLR) has revealed it has entered into an agreement with Lithium One Metals (TSXV:LONE), Bounty Gold and Last One Resources that will expand its land position near the Surge Lithium Project in Ontario
- As part of the deal, Lithium One Metals will transfer all of its rights, titles, benefits and interests to Xplore Resources
- The company has also entered into a property purchase agreement to acquire the 100 per cent interest in and to mineral claims within the Surge Project
- Shares of Xplore Resources are down 4.35 per cent to C$0.11 as of 9:37 am ET
Xplore Resources (TSXV:XPLR) has revealed it has entered into an agreement with Lithium One Metals (TSXV:LONE), Bounty Gold and Last One Resources that will expand its land position near the Surge Lithium Project in Ontario.
The company stated in a news release that as part of the deal, Lithium One Metals will transfer all of its rights, titles, benefits and interests to Xplore Resources.
Additionally, Xplore Resources will also expand its land position along the Root Lake lithium trend with its option to the Root South property that sits adjacent to Xplore’s Surge Lithium Project and Green Technology Metals’ (ASX:GT1) Root Bay Project.
Within the property, Xplore Resources has also agreed to acquire a 100 per cent right, title and interest in mineral claims in the project area.
The property, which includes 86 claims, spans more than 1,800 hectares. With the acquisition, the Root South Property and Surge North Property expands Xplore Resources’ Surge Project to approximately 12,480 hectares.
Xplore Resources is a North American lithium exploration company that has a prospective land package in the emerging Root Bay lithium district in northwest Ontario.
Shares of Xplore Resources Corp. are down 4.35 per cent to C$0.11 as of 9:37 am ET.
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Top photo: Xplore Resources Corp.
