- Foremost Lithium Resource & Technology (FAT) has acquired 100 per cent of the right, title and interest in certain under-surface mineral rights
- One of these is the Manitoba Mineral Disposition No. MB3530, referred to as the “Jol Lithium Property”
- Cash payment of $8,000 and the issuance of 18,181 common shares at a deemed price of $0.33 per share were exchanged for the acquisition
- MB3530 covers 25 hectares (62 acres)
- Foremost Lithium is a resource-exploration company which produces high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market
- Foremost Lithium Resource & Technology Ltd. opened trading at $0.115 per share
Foremost Lithium Resource & Technology (FAT) has acquired a 100-per-cent interest in certain under-surface mineral rights.
Topmost in these is the Manitoba Mineral Disposition No. MB3530, referred to as the “Jol Lithium Property”, which was obtained from an arm’s length vendor.
Cash payment of $8,000 and the issuance of 18,181 common shares at a deemed price of $0.33 per share were exchanged for the acquisition.
MB3530 is subject to a two-per-cent net smelter return royalty payable to the vendor. In addition, the shares are subject to a hold period of four months and one day from the date of issuance.
MB3530 covers 25 hectares (62 acres) situated due North from the company’s Jean Lake Project and due West of the company’s Zoro project.
Foremost Lithium is a resource-exploration company involved in the production of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market.
Foremost Lithium Resource & Technology Ltd. (FAT) opened trading at $0.115 per share.