- Arbor Metals (TSXV:ABR) will assess a set of strategically located mineral claims to potentially expand its Jarnet Lithium Project in Quebec
- Management believes the claims may increase the project’s value and enhance Arbor’s role in the Canadian EV industry
- Arbor Metals is a mining exploration company developing high-value, geographically significant mineral projects worldwide
- Arbor Metals stock (TSXV:ABR) last traded at $3.29 per share
Arbor Metals (TSXV:ABR) will assess a set of strategically located mineral claims to potentially expand its Jarnet Lithium Project in Quebec.
The company entered into an agreement whereby its technical team can access the data room for the claims, which include historical data, geological reports and exploration results.
Management believes the claims “have the potential to augment the scope of Jarnet significantly,” according to a statement released Friday.
“We are thrilled to gain access to the data room, as it allows our technical team to conduct an in-depth examination of all the past exploration data. We believe that this strategic set of claims has the potential to further strengthen our Jarnet project. If our understanding of the claims is confirmed by our analysis, it could enhance Arbor’s position in the lithium market and reinforce our position in the rapidly advancing Canadian EV industry,” Mark Ferguson, CEO, said in the same statement.
Jarnet, located in James Bay, Quebec, is composed of 47 map-designated claims covering 3,759 hectares. The project is contiguous to Patriot Battery Metals‘ Corvette-FCI property, one of the most prospective lithium exploration projects in the sector.
Arbor Metals is a mining exploration company developing high-value, geographically significant mineral projects worldwide. The company is focused on meeting the increasing demand for lithium in Canada’s EV industry.
Arbor Metals (TSXV:ABR) last traded at $3.29 per share.
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