Proposed Acquisition of Brazilian Lithium Projects
Filed with ASX · · 13 pages · English
• Gold Mountain has executed a binding heads of agreement (HoA) with Mars Mines Limited (Mars) granting the Company a 60-day exclusive option to acquire up to a 75% interest in a package of highly prospective lithium licences in north-eastern Brazil (Projects) (Proposed Transaction) • The tenement lies within the eastern Brazilian lithium belt over parts of the highly prospective Borborema Provinc
Earlier from Gold Mountain
- Trench Assay Results Confirm Porphyry Potential at Mt Wipi
- March 2022 Quarterly Activities Report and Appendix 5B
- 11.7 g/t Gold Intercept Recorded in hole MWD005
- New Drill Targets Identified at Mt Wipi
- Lifting of Trading Halt
Later from Gold Mountain
- $1.56m raised through heavily supported placement
- Potential Lithium Bearing Pegmatites Uncovered in Brazil
- Gold Mountain Exercises Option over 20% of Brazil Lithium JV
- Proposed Acquisition of a 75% interest in Salinas II Project
- Gold Mountain raised A$2m through a well supported placement
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