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ION Energy Acquires New Canadian Exploration Asset
Toronto, Ontario--(Newsfile Corp. - August 16, 2023) - ION Energy Limited (TSXV: ION) (OTCQB: ION...
About this update from Osiris One Metals Ltd.
[{"type":"text","content":"ION Energy Acquires New Canadian Exploration AssetToronto, Ontario--(Newsfile Corp. - August 16, 2023) - ION Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) (\"ION\" or the \"Company\") is pleased to announce the Company has acquired two new claims by staking in NWT, Canada, identified as the Little Nahanni claims (\"Little Nahanni\"). The Little Nahanni claims total approximately 900 hectares and are in the area of pegmatites first identified in 1961. The Company believes the Little Nahanni claims are underexplored for lithium and represent opportunity for lithium discovery and positive partnerships with regional stakeholders, and will complement ION's current lithium exploration activities in Northwest Territories. The Company also announces it has closed the acquisition of the Bliss Lake Lithium Pegmatite Project in NWT, Canada (\"Bliss Lake\"). The immediate consideration for the acquisition of Bliss Lake consisted of a single tranche of 571,428 Company shares with a deemed value of $128,571 at a deemed price per share of $0.25. Transaction terms also provide for deferred equity-based consideration to the vendors in the event assay results from exploration at Bliss Lake satisfy defined lithium oxide content thresholds and cash consideration in the event of announcement of a mineral resource estimate at Bliss Lake meeting defined criteria. 57,142 Company shares were issued to a finder in the transaction. \"What an exciting time for ION Energy: while we work towards an inferred resource calculation this Fall at our prized Urgakh Naran Brine asset in the booming mining jurisdiction of Mongolia in such close proximity to China, we have now identified and acquired further assets in a Tier 1 region. Each of these new assets provide the Company with exposure to proven Pegmatite Lithium districts in the Northwest Territories. ION's long term vision of exploring and developing high quality lithium resources in strategic jurisdictions as the world continues to electrify, is materializing rapidly.\" said Ali Haji, CEO & Director of ION Energy. For additional information about Bliss Lake, see ION's press releases dated May 11, 2023 and June 28, 2023.The Company also advises that further to its press release dated July 20, 2023 announcing the closing of its non-brokered private placement, the Company inadvertently announced an i...