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CDN MAVERICK TO OPTION NEVASCA PROPERTY TO NOAL AND EQUITY PARTNERSHIP
CDN MAVERICK TO OPTION NEVASCA PROPERTY TO NOAL AND EQUITY PARTNERSHIP Canada NewsWire ...
About this update from Noa Lithium Brines Inc
[{"type":"text","content":"\n \n \n \n CDN MAVERICK TO OPTION NEVASCA PROPERTY TO NOAL AND EQUITY PARTNERSHIP\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n CSE:\n \n CDN\n \n \n OTCQB:\n \n AXVEF\n \n \n \n Frankfurt\n \n :\n \n \n 338B\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 8, 2023\n \n \n /CNW/ -\n \n \n CDN Maverick Capital Corp. (\"Maverick\" or the \"Company\")\n \n \n (CSE: CDN) (OTCPINK: AXVEF) (\n \n Frankfurt\n \n : A117RU) is pleased to announce that the Company has entered into a mining properties purchase agreement (the \"\n \n Purchase Agreement\n \n \"), dated effective\n \n May 8, 2023\n \n , with a subsidiary of NOA Lithium Brines Inc. (TSXV: NOAL) (\"\n \n NOAL\n \n \") pursuant to which NOAL has been granted the right to acquire the Nevasca Property.\n \n \n \n \n \n \n \n \n \n The Nevasca Property, located in the Arizaro Salar in the Province of Salta,\n \n Argentina\n \n , spans over 2,842 hectares and boasts promising geology for lithium exploration and mining in one of the largest underexplored Salars of the Lithium Triangle. The option of the Nevasca Property to NOAL represents a strategic move for Maverick, as it allows the Company to maintain exposure to the asset through an equity position in NOAL. In addition, NOAL boasts a large and diversified portfolio of additional projects, encompassing nearly 100,000 hectares of lithium exploration projects including the Rio Grande Salar and the Arizaro Salar with proven lithium occurrences and lithium resources within\n \n Argentina's\n \n most prolific lithium-producing region.\n \n \n The terms of the Purchase Agreement allow NOAL to acquire the Property in consideration for the following cash payments and share issuances (cash payments and share issuances are in USD):\n \n \n \n \n $50,000\n \n in cash upon signing\n \n \n 40 days (\"Effective Date\") after due diligence period:\n \n $150,000\n \n of NOAL shares\n \n \n 6 months from Effective Date:\n \n $150,000\n \n in cash and issuance of\n \n $150,000\n \n of NOAL shares\n \n ...