Medaro Mining Announces Exchange Acceptance to Acquire the James Bay Pontax Lithium Project
Ltd. (the “Target”), a company holding a 100% interest in the mining claims comprising the James Bay Pontax Project (the “Project”) in Quebec, Canada (the “Acquisition”).
- Ltd. (the “Target”), a company holding a 100% interest in the mining claims comprising the James Bay Pontax Project (the “Project”) in Quebec, Canada (the “Acquisition”).
- The Project is in a highly active prospective zone of James Bay Area, being situated 30 km south of Allkem Limited’s James Bay Lithium Project which has a published Mineral Reserve Estimate of 40.3Mt at 1.4% Li2O1.
- About 1 km west of the Project lies Stria Lithium Inc.’s (“Stria”) Pontax Project, which hosts the Pontax Lithium Showing.
- ALLKEM LIMITED – NI 43-101 Technical Report Feasibility Study, James Bay Lithium Project, Quebec, Canada, January 11, 2022, prepared by G. Mining Services Inc.
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