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Discovery Energy Metals Corp. Announces Amendment of Sakami and Radisson East Asset Purchase Agreement & OTC Trading Symbol Change
VANCOUVER, BC / ACCESS Newswire / May 2, 2025 / Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN: A3EFKA) (the "Company"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, ...
About this update from Discovery Energy Metals Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 2, 2025 / Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN: A3EFKA) (the "Company"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that it has entered into an amending agreement (the "Amending Agreement") with the vendor of the group of claims generally known as the Sakami and Radisson East Lithium Properties (the "Claims"), located in the James Bay lithium district to amend the asset purchase agreement between the parties dated July 24, 2024 (the "Asset Purchase Agreement"). See the news release of the Company dated August 14, 2024 for more information about the Asset Purchase Agreement.","length":781,"tagName":"p"},{"type":"text","content":"Pursuant to the Amending Agreement, the Company will issue 2,200,000 common shares in the capital of the Company (the "Shares") to the vendor, without any contractual hold periods, as consideration for the Claims. The Shares will be subject to a four-month statutory hold period and any additional resale restrictions which may be imposed by the Canadian Securities Exchange.","length":385,"tagName":"p"},{"type":"text","content":"Following the Company's name change on April 1, 2025, the Company also announces that its symbol on the OTC will change from "DCLIF" to "DEMCF" effective May 1, 2025. There is no change to the Company's symbol "Q3Q0" on the Frankfurt Stock Exchange.","length":287,"tagName":"p"},{"type":"text","content":"About Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN: A3EFKA)","length":82,"tagName":"p"},{"type":"text","content":"Discovery Energy Metals Corp. is a Canadian exploration company focused on advancing mineral resource projects in North America. The Company holds a 100% interest in 1,675 mineral claims in Serindac Lake and 2,113 mineral claims in Vaubert Lake for a combined total of approximately 164,283 hectares (~405,952 acres) located in the Nunavik region of Northern Quebec, and with a further total of 303 mineral claims comprising approximately 16,392 hectares (~40,505.5 acres) identified as the Route De Nord, Lac Belanger, Lac Ferland and Lac Roberston properties located across the northern and eastern regions of ...