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Vision Lithium (TSXV:VLI) acquires lithium property in Quebec

Mining
TSXV:VLI
03 December 2021 13:45 (EDT)

Vision Lithium Inc. (VLI) has closed its acquisition of a 100 per cent undivided interest in 215 contiguous mining claims in Quebec.

It was done along with four different vendor groups, together with an additional 105 claims staked by Vision Lithium, which will be collectively referred to as the Cadillac lithium property.

The transaction was completed according to the terms and conditions of the definitive property purchase agreements entered between the parties, previously announced on December 1, 2021.

The claims acquired from the vendors cover 123 square kilometres and, together with the claims staked by Vision Lithium, the property comprises a total of 320 claims covering 182 square kilometres.

The property is located approximately 10 kilometres south of the historic mining town of Cadillac and approximately halfway between the major mining centres of Rouyn-Noranda and Val-d’Or, in the province of Quebec.

Vision Lithium Inc. is a junior exploration company focused on exploring and developing high-quality mineral assets including lithium and copper in Canada.

Vision Lithium is committed to discovering new assets and bringing them to production, starting with the Cadillac lithium property, its Godslith lithium property located in Manitoba, the Sirmac lithium property and the Dôme Lemieux porphyry/skarn copper-zinc property in Quebec, and its skarn and breccia polymetallic Red Brook and Benjamin properties in Northern New Brunswick.

Vision Lithium Inc. (VLI) is down 4.55 per cent and is trading at $0.21 per share as of 1:43 p.m. EST.

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