The share price of junior Ardiden spiked by more than 42% on Wednesday after the company announced that it had entered into an option to acquire the Seymour Lake lithium-beryllium-tantalum project, in Ontario.
Under the terms of the agreement, Ardiden would pay an exclusivity deposit of C$75 000 on the signing of the agreement, which would allow for a 150-day option and due diligence period.
