Skip to content

Hertz Lithium Acquires Option to Own Maskwa Lithium Property

HERTZ LITHIUM INC. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) has announced the acquisition of an option agreement with Sirios Resources Inc. to potentially own 100% of the Maskwa Lithium Property located in Quebec.

Details of the Option Agreement

To fully acquire the Option, Hertz must meet several financial and exploration milestones. This includes payments totaling $200,000 and incurring exploration expenditures of up to $2,250,000 by the end of 2026. Upon option exercise, Hertz will also provide a 1.5% NSR royalty to Sirios Resources.

Lithium Exploration Commitments

Hertz must validate drilling results showcasing a lithium concentration of over 1% Li2O to proceed with the purchase of the mining rights for non-critical minerals. The agreement stipulates further conditions, including share issuance subject to a four-month hold period under Canadian securities laws.

About Hertz Lithium Inc.

As a mineral exploration entity based in British Columbia, Hertz is actively engaged in lithium projects across North America and Brazil. Working alongside Penn State University, Hertz is developing innovative extraction technology for hard rock lithium.

Contact Information

CEO and Director Kal Malhi is available for contact at (604) 805-4602 or via email at Shares resulting from the agreement will adhere to a mandatory hold period under applicable laws.

The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News