The Conversation (0)
Canada Strategic Metals (TSXV:CJC,FWB:YXEN,OTC:CJCFF) has received approval from the TSX Venture Exchange for an additional option giving Lomiko Metals (TSXV:LMR) the exclusive right and option to acquire an additional 40% undivided interest in the La Loutre Property and an 80% undivided interest in the Lac des Iles Property. Lomiko will secure those rights in exchange for a payment of $1,010,000, the issuance of 3,000,000 common shares of the company and funding of $1,750,000 in exploration expenditures over two years.
As quoted in the press release:
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
Click here to read the Canada Strategic Metals (TSXV:CJC,FWB:YXEN,OTC:CJCFF) press release
Click here to see the Canada Strategic Metals (TSXV:CJC,FWB:YXEN,OTC:CJCFF) profile.