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Hertz Energy Announces Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2024) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QX1) (the "Company" or "Hertz") announces ente
About this update from Hertz Energy Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 9, 2024) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QX1) (the \"Company\" or \"Hertz\") announces entering into a loan agreement with Flowing Lithium Exploration Inc. The Company has entered into a loan agreement dated June 17, 2024 (the \"FLE Loan Agreement\") with Flowing Lithium Exploration Inc. (\"FLE\"), pursuant to which the Company agreed to borrow from FLE CDN$150,000.00 (the \"FLE Loan\"). The FLE Loan bears interest at a rate of 10.0% per annum and is due in full on June 17, 2025. The FLE Loan is considered an arm's length transaction. About the Company The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the Lucky Mica Lithium Project, the AC/DC Lithium Project, and the Snake Lithium Project. The Lucky Mica Project is 939 hectares located within the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Quebec, Canada, just 26kms southeast of the Covette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Snake Lithium Project is 21,700 hectares located west of AC/DC near other notable projects including Harfang Exploration, Brunswick Exploration and Ophir. The Company's uranium projects include the Cominco Uranium Project located in Bathurst Inlet, Nunavut, Canada and its recent applications for Exclusive Prospecting Licenses in Namibia. For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca. On Behalf of the Board of Directors Kal MalhiChief Executive Officer and DirectorPhone: 604-805-4602Email: [email protected] Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. Cautionary Statement Regarding \"Forward-Looking\" Information This news release includes certain statements that may be deemed \"forward-looking statements\". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-lookin...