Jourdan Resources Inc. is pleased to announce that on March 24, 2021, it exercised an option to acquire a property known as the La Corne lithium property which is adjacent to Jourdan’s other lithium mining properties located north of Val d’Or, Quebec. Please see the Company’s press release dated March 1, 2021, for more information about the Option, which is available on the Company’s SEDAR profile at ...

Jourdan Resources Inc. (TSXV: JOR) (" Jourdan " or the " Company ") is pleased to announce that on March 24, 2021, it exercised an option (the " Option ") to acquire a property known as the La Corne lithium property (" LaCorne "), which is adjacent to Jourdan's other lithium mining properties located north of Val d'Or, Quebec. Please see the Company's press release dated March 1, 2021, for more information about the Option, which is available on the Company's SEDAR profile at www.sedar.com.

Pursuant to the option agreement effective March 1, 2021, Jourdan issued 1.5 million common shares of Jourdan (" Common Shares ") to the vendors of LaCorne. On March 1, 2022, Jourdan is required to make a final payment of C$100,000 in cash or, at Jourdan's sole option, in Common Shares based on the greater of (A) $0.10 and (B) the 5-day volume weighted average price of the Common Shares on the TSX Venture Exchange (" TSXV ") for the period immediately prior to the date of issuance. A duly executed claim transfer form respecting the transfer to the Company of the claims comprising LaCorne is being held in escrow pending completion of the Company's final payment.

The 1.5 million Common Shares issued as consideration for exercising the Option are subject to a statutory four month and one day hold period, expiring on July 25, 2021. The Company's exercise of the Option is an arm's length transaction for the purposes of the policies of the TSXV and qualifies as an "Expedited Acquisition" under TSXV Policy 5.3. Jourdan is not paying any finder's fees in connection with the Option.

About Jourdan

Jourdan is a Canadian junior mining exploration company trading under the symbol "JOR" on the TSXV and "2JR1" on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China's largest automotive battery manufacturer.

For more information:

www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: ir@jourdanresources.com
Phone: (416) 861-1685

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Chairman’s Annual General Meeting Address

Chairman’s Annual General Meeting Address

Lithium Power International Limited (ASX: LPI) ("LPI" or the "Company") is pleased to provide the Chairman's address for the Annual General Meeting to be held online at 10am on Thursday 25th of November 2021:

Keep reading... Show less

Argentina Lithium Increases Non-Brokered Private Placement and Closes 2nd Tranche

/NOT FOR DISTRIBUTION TO THE UNITED STATES /

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") announces that due to high investor demand, the Company has increased the private placement amount announced on November 1, 2021 from $4,950,000 to $6,750,000 consisting of 15 million units (the "Units") at $0.45 per Unit.

Keep reading... Show less
Neo Lithium Announces Filing of Technical Report for the Feasibility Study on its 3Q Project

Neo Lithium Announces Filing of Technical Report for the Feasibility Study on its 3Q Project

Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that it has filed a technical report for its wholly-owned Tres Quebradas lithium brine project (" 3Q Project ") in Catamarca Province, Argentina (the " Technical Report ") pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" (" NI 43-101 "). The Technical Report supports the disclosure made by the Company in its October 26, 2021 news release announcing the results of the NI 43-101 feasibility study for the 100% owned 3Q Project.

The Technical Report is titled "Feasibility Study (FS) - 3Q Project NI 43-101 Report Catamarca, Argentina " and was prepared by Worley, a leading global provider of professional project and asset services in the energy, chemicals and resources sectors with extensive experience in the design and construction of some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina . The reserve estimate was done by brine resource and reserve experts Groundwater Insight Inc.

Keep reading... Show less
Peruvian Court Confirms Appeals Filed Against Its Ruling Granting the Company Ownership Over Disputed Concessions

Peruvian Court Confirms Appeals Filed Against Its Ruling Granting the Company Ownership Over Disputed Concessions

American Lithium Corp . ("American Lithium" or the "Company") (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) reports that on November 25, 2021, the Peruvian judiciary has released information confirming appeals of the judicial ruling issued in favour of Macusani Yellowcake S.A.C., the Company's Peruvian subsidiary, in relation to title to 32 disputed concessions out of its 151 concessions in Peru.

The Company confirms that, as previously reported and in line with usual practice, appeals have been lodged by INGEMMET (Peruvian Institute of Mines and Metallurgy) and its parent ministry, MINEM (Ministry of Mines and Energy). No additional details are currently available on what aspects of the ruling are being appealed.

Keep reading... Show less
LPI Receives Payment For Sale Of Centenario

LPI Receives Payment For Sale Of Centenario

Lithium Power International Limited (ASX: LPI) (LPI or the Company) today announced the completion of a Share Purchase Agreement (the Agreement) with the Canadian based company, Vertex Lithium Corporation (Vertex), to acquire LPI's 70 per cent of lithium exploration properties on the Centenario Salar (Centenario) in Argentina.

Keep reading... Show less

LPI Receives Payment For Sale Of Centenario

Lithium Power International Limited (ASX: LPI) (LPI or the Company) today announced the completion of a Share Purchase Agreement (the Agreement) with the Canadian based company, Vertex Lithium Corporation (Vertex), to acquire LPI’s 70 per cent of lithium exploration properties on the Centenario Salar (Centenario) in Argentina.

Keep reading... Show less

Top News

Related News