Beyond Lithium Initiates Property Sale Agreement
Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) has launched a mineral property purchase agreement with Patriot Lithium Ltd (ASX: PAT), handing over a 100% stake in the Borland East and North projects, enabling Patriot to capitalize on 61 mining claims in Northwest Ontario. Allan Frame, CEO of Beyond Lithium, highlights the deal’s benchmark in valuation, signaling a promising future for shareholders and the lithium market.
Strategic Transaction Details
In exchange for the Borland Claims, Patriot Lithium will issue Beyond Lithium over a million shares and a C$2.5 million cash payment, should the mineral resource estimate meet the specified requirements. The conditions for this significant collaboration include thorough due diligence and regulatory consents. The partnership not only benefits Beyond Lithium but also represents Patriot Lithium’s commitment to realizing the claims’ full potential.
Furthering Business Goals Through Option Agreement
Additionally, Beyond Lithium has entered an option agreement with Extreme Exploration Inc., earmarking the Fabie Gold project for a potential initial public offering. This financial strategy aims to develop the company’s lithium property portfolio while avoiding shareholder dilution, highlighting the tactical use of non-core assets to support advanced exploration efforts.
About Beyond Lithium Inc.
As a front-runner in Ontario’s lithium exploration scene, Beyond Lithium Inc. focuses on minimizing shareholder dilution while advancing key projects. The company envisions leveraging partnerships to further their exploration endeavors.
About Patriot Lithium Ltd (ASX: PAT)
Specializing in lithium exploration, Patriot Lithium is positioned within the prospect-rich regions of northwest Ontario and the Black Hills lithium district, intent on unearthing high-grade lithium assets.
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