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American Salars Lithium Inc. Signs Option to Acquire a 100% Interest in the Candela II Lithium Brine Project03.03.2024 | 20:30 Uhr | The Newswire
With NI 43-101 Inferred Resource of 457,000 Tonnes of Lithium Carbonate Equivalent
DATE FOR COMPLETION Cash CAD COMMON SHARES (1) Issued at a price of CAD $0.30 per common share. (2) Subject to a 4-month escrow/restricted period. After the initial 4-month restriction, the Optionor agrees to sell no more then 11,000 shares per business day or cumulatively no more then 55,000 shares in a normal 5-day business week. 15% ROYALTY The Optionee at any time so long that the initial 100% earn-in conditions have been satisfied, has the right, but not the obligation, to exercise an option to acquire the 15% Net Smelter Royalty from Spey and AIS by paying a total cash payment of $8,250,000.00. This supersedes and cancels all previously held royalties on the Candela II Lithium project. The transaction is subject to a finder’s fee in accordance with Canadian Securities Exchange policies. The agreement was negotiated at arm’s length. The transaction does not represent a change of business. There will be no change of directors or officers of the company required by the transaction. A copy of the Agreement is filed along with the Company’s public disclosure on SEDAR. American Salars will be meeting with shareholders, investors, industry peers as well as the media during the 2024 PDAC in Toronto, Canada. American Salars invites all those attending the PDAC to visit the Company's booth #3241 in the Investors Exchange to learn more about the Company’s Lithium Portfolio. Qualified Person Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram. On Behalf of the Board of Directors, “Michael Dake” Michael Dake, CEO For further information, please contact: American Salars Lithium Inc. Phone: 604.683.8610 E-Mail: info@americansalars.com Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Dieser Artikel stammt von Rohstoff-Welt.de
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